Promoter holding
64.27%
IT
Indus Towers Limited - Due diligence report
A 360° intelligence report on Indus Towers: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Indus Towers — 360° Intelligence Report
Generated from MCA filings & public records54/100
Trust Score
Moderate
Indus Towers is assessed as Moderate with a Trust Score of 54/100. Indus Towers is a public limited indian non-government company incorporated in 2007, operating in the Telecom sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 08 Aug 2026 from the latest processed filings. Indus Towers 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 ScoreModerate
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 0 open (-) · 7 satisfied (13,150.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Il & Fs Trust Company Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
| Canara Bank | 1 | 48.0 cr |
| Infrastructure Development Finance Company Limited | 1 | 48.0 cr |
| Citibank | 1 | 48.0 cr |
Compliance Score: 10/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2020 - filings overdue.
- Litigation present in 4 court forum(s).
- 9 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GOPAL VITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKSHAYA MOONDRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAN BHARTI MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJINDER KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BIMAL DAYAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALESH SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRABASTI BHATTACHARJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL SOOD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKHIL KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDER TAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANDEEP SINGH SEKHON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| THOMAS REISTEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BIMAL DAYAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- BALESH SHARMA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| 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 2020 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
-
Capital events
1 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: BIMAL DAYAL (CEO) · BIMAL DAYAL (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 45
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (10/100).
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence34/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment71/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view77/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events21 Oct 2020
Director appointed
BIMAL DAYAL (CEO)
Director ceased
BIMAL DAYAL
16 Oct 2020
Director ceased
RITA BHAGWATI
Director ceased
VELLOOR VENKATAKRISHNAN RANGANATHAN
29 Jun 2020
Last AGM held
Annual general meeting
31 Mar 2020
Director ceased
HEMANT KUMAR RUIA
Latest balance sheet
Filed with ROC
28 May 2019
Director ceased
SRABASTI BHATTACHARJEE
Director ceased
RANDEEP SINGH SEKHON
09 Apr 2019
Director appointed
RANDEEP SINGH SEKHON (Director)
17 Oct 2018
Director appointed
SRABASTI BHATTACHARJEE (Director)
31 Aug 2018
Director ceased
HIMANSHU KAPANIA
21 Dec 2017
Director appointed
RAVINDER TAKKAR (Director)
11 Dec 2017
Director ceased
MARTEN PIETERS
05 May 2017
Director ceased
MOTI GYAMLANI
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 - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); review board churn before relying on management continuity.
9 active GST registration(s) indicate ongoing business operations.
All 7 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A1 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Equifax | U72900MH2008PTC221470 | Mumbai, Maharashtra, India |
| Lqi Infra Limited | U64120WB2019PLC233889 | Kolkata, West Bengal, India |
| Shivalik Devices Private Limited | U64100DL2017PTC318680 | Delhi, Delhi, India |
| Fibcom | U74899DL1994PLC063318 | New Delhi, Delhi, India |
| Ortel Communications | L74899DL1995PLC069353 | New Delhi, Delhi, India |
| Sybase | U72200KA2003PTC144615 | Bangalore, Karnataka, India |
| Asianet Communications | U92132KL1992PTC006725 | Thiruvananthapuram, Kerala, India |
| Vienna Multiventures Private Limited | U74120MH2014PTC258810 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indus Towers before audits and certifications: compliance score 10/100, 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 Towers: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Indus Towers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Indus Towers 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 Towers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indus Towers an active company?
Indus Towers has MCA status “Amalgamated” with a compliance score of 10/100 (Caution Indicated).
Is Indus Towers financially healthy?
Indus Towers has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Indus Towers?
Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indus Towers?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Indus Towers have loans or charges against its assets?
No open charges - all 7 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Indus Towers up to date with its ROC filings?
Last balance sheet is for Mar 2020 - filings overdue. Overall compliance score: 10/100 (Caution Indicated).
Is it risky to lend to Indus Towers?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
