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

A 360° intelligence report on Frv: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…

2016-07-09 New Delhi, Delhi Active Unlisted Active Compliant
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IS Indigrid Solar-Ii (Ap) Private Limited
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  • Director details, charges & MCA documents
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Frv — 360° Intelligence Report

Generated from MCA filings & public records
66/100
Trust Score
Moderate

Frv is assessed as Moderate with a Trust Score of 66/100. Frv is an active private limited foreign company incorporated in india incorporated in 2016, operating in the Environment sector. The company has shown revenue growth across its recent filed years. 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 18 Jul 2026 from the latest processed filings. Indigrid Solar-Ii (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
66/100
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.

Get full access

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
MONALI NATHMAL SHARMA 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
  • 4 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 2022 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
8 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 10+ 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 diligence81/100
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
24 Jan 2023
Director appointed
MONALI NATHMAL SHARMA (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
FRANCESCO GASPARINI
23 Jun 2021
Charge created
Others - 22.25 cr
26 Jun 2019
Director ceased
TRISTAN JACOBO HIGUERO JIMENEZ
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.
4 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 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Azurepower U35105DL2012PTC237073 New Delhi, Delhi, India
Vivaan Renewable Private Limited U40109MP2021PTC054560 Gwalior, Madhya Pradesh, India
Nanu Engineers U70101GA2004PTC003662 Goa, Goa, India
Chirasthaayee Saurya Limited U40101MH2016PLC330252 Mumbai, Maharashtra, India
Daksha Infrastructure Private Limited U45203PN1995PTC092944 Haveli, Maharashtra, India
Mytrah U40300TG2015PTC100655 Hyderabad, Telangana, India
C V Spinners Private Limited U17111TZ1993PTC004659 Coimbatore Dist, Tamil Nadu, India
Vector Green Prayagraj Solar Private Limited U40104HR2008PTC120766 Dlf Qe, Haryana, India
12

Who Uses This Report

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

Verify Frv 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 Frv: 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 Frv - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Frv 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 Frv - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Frv an active company?

Frv has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Frv financially healthy?

Frv has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Frv?

Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Frv?

The ultimate holding entity is India Grid Trust. 4 active director(s) are on record.

Does Frv have loans or charges against its assets?

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

Is Frv 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 Frv?

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.