Indigrid Solar-I (Ap) Private Limited - Due diligence report

A 360° intelligence report on Indigrid Solar-I (Ap) Private Limited: trust score, financial health, credit view, compliance, directors, grow…

2016-07-14 New Delhi, Delhi Active Unlisted Active Compliant
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Indigrid Solar-I (Ap) Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Indigrid Solar-I (Ap) Private Limited is assessed as Moderate with a Trust Score of 64/100. Indigrid Solar-I (Ap) Private Limited is an active private limited foreign company incorporated in india incorporated in 2016, operating in the Environment sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 10 Jul 2026 from the latest processed filings. Indigrid Solar-I (Ap) Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.

Charges position: 1 open (22.25 cr) · 3 satisfied (279.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
SWAPNIL PRAKASH PATIL 01234567 Director 01/04/2018 6 yrs Approved
SWAPNIL PRAKASH PATIL 01234567 Director 01/04/2018 6 yrs Approved
APOORV VINODBHAI DARJI 01234567 Director 01/04/2018 6 yrs Approved
JOSE LUIS BLASCO MARQUINO 01234567 Director 01/04/2018 6 yrs Approved
Ravi Swapna 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • JOSE LUIS BLASCO MARQUINO has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
India Grid Trust
Subsidiaries
-
Group entities
-
Capital events
13 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
India Grid Trust Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 70
Growth signals & trust indicators
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment53/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 22.25 cr already registered.
  • Compliance record supports lending.
Investor view45/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
25 Sep 2025
Last AGM held
Annual general meeting
24 Sep 2025
Director ceased
APOORV VINODBHAI DARJI
Director ceased
Ravi Swapna
23 Jul 2025
Director appointed
APOORV VINODBHAI DARJI (Director)
Director appointed
Ravi Swapna (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Sep 2023
Director ceased
KUNDAN KISHORE
Director ceased
ABHAY KUMAR
07 Nov 2022
Director appointed
SWAPNIL PRAKASH PATIL (Company Secretary)
15 Jan 2022
Director ceased
DIVYA BEDI VERMA
Director ceased
BIGYAN PARIJA
28 Jul 2021
Charge satisfied
Others
14 Jul 2021
Director ceased
TRISTAN JACOBO HIGUERO JIMENEZ
23 Jun 2021
Charge created
Others - 22.25 cr
26 Jun 2019
Director ceased
FRANCESCO GASPARINI
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 13 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
50 Hertz U72900DL2012PLC239290 New Delhi, Delhi, India
Pharoahs Enterprises Limited U51100CH2010PLC032401 Chandigarh, Chandigarh, India
Clean Wind Power (Bableshwar) Private Limited U40106DL2016PTC307619 New Delhi, Delhi, India
Karrpagam Engineers P Ltd U28920TN1995PTC033987 Ambattur,Madras.600 098., Tamil Nadu, India
Partytime Ice Private Limited U29191MH1995PTC089638 Navi Mumbai, Maharashtra, India
Rajkot (Gujarat) Solar Energy Private Limited U40101DL2013PTC261607 New Delhi, Delhi, India
Tata Power Ev Charging Solutions Limited U40108MH2020PLC338268 Carnac Bunder, Mumbai, Maharashtra, India
Sunsenz Solar Green Life U74140KL2012PTC032014 Aluva West Village, Kerala, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Indigrid Solar-I (Ap) Private Limited before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Indigrid Solar-I (Ap) Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Indigrid Solar-I (Ap) Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Indigrid Solar-I (Ap) Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Indigrid Solar-I (Ap) Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indigrid Solar-I (Ap) Private Limited an active company?

Indigrid Solar-I (Ap) Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Indigrid Solar-I (Ap) Private Limited financially healthy?

Indigrid Solar-I (Ap) Private Limited has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indigrid Solar-I (Ap) Private Limited?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indigrid Solar-I (Ap) Private Limited?

The ultimate holding entity is India Grid Trust. 5 active director(s) are on record.

Does Indigrid Solar-I (Ap) Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Indigrid Solar-I (Ap) Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Indigrid Solar-I (Ap) Private Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.