Promoter holding
64.27%
IP
Indus Projects Limited - Due diligence report
A 360° intelligence report on Indus Projects: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Indus Projects — 360° Intelligence Report
Generated from MCA filings & public records44/100
Trust Score
Caution Indicated
Indus Projects is assessed as Caution Indicated with a Trust Score of 44/100. Indus Projects is a public limited indian non-government company incorporated in 1997, operating in the Engineering 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 high compliance risk and high financial risk profile.
Report generated on 27 Jul 2026 from the latest processed filings. Indus Projects Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
44/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
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 accessScores 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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
- Externally credit-rated (BBB-).
Charges position: 5 open (107.67 cr) · 5 satisfied (3.11 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Corporation Bank | 2 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Union Bank Of India | 1 | 48.0 cr |
| L & T Finance Limited | 5 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2017 - filings overdue.
- Flagged by authority: NCLT, BANKS.
- Litigation present in 4 court forum(s).
- 5 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ABHAY KISHOR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAY KISHOR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHOR HIMATLAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MADHUR KISHOR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHAVIR KISHOR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2017 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
1
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Indus Scaffolding Private Limited | Associate Company | 74.00% |
Key managerial personnel: ABHAY KISHOR MEHTA (CEO) · ABHAY KISHOR MEHTA (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 25
Growth signals & trust indicators
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
5 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence23/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment31/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 107.67 cr already registered.
- Compliance gaps should be priced into terms.
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 team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2017
Last AGM held
Annual general meeting
31 Mar 2017
Latest balance sheet
Filed with ROC
06 Apr 2016
Charge created
Others - 12.50 cr
06 Oct 2014
Charge satisfied
L & T Finance Limited
01 Apr 2014
Director appointed
ABHAY KISHOR MEHTA (CEO)
23 Nov 2012
Charge created
Union Bank Of India - 4.50 cr
06 Jun 2012
Charge created
L & T Finance Limited - 1.00 cr
10 Jan 2012
Charge created
L & T Finance Limited - 87.18 Lakh
30 Dec 2011
Charge created
Corporation Bank - 4.60 Lakh
22 Nov 2010
Charge created
L & T Finance Limited - 85.18 Lakh
17 Nov 2010
Charge satisfied
L & T Finance Limited
01 Oct 2010
Director ceased
ABHAY KISHOR MEHTA
22 Jul 2010
Charge created
L & T Finance Limited - 20.00 Lakh
06 Oct 2007
Charge created
L & T Finance Limited - 18.15 Lakh
14 Jul 2006
Charge created
Hdfc Bank Limited - 2.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indus Projects before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indus Projects: 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: Enhanced diligence advised. Credit risk score 40/100, 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 Indus Projects - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 44/100, distress signals and MSME payment-delay disclosures - know whether Indus Projects pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Indus Projects - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indus Projects an active company?
Indus Projects has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Indus Projects financially healthy?
Indus Projects has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Indus Projects?
Its overall Trust Score is 44/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indus Projects?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Indus Projects have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Indus Projects up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Indus Projects?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
