Promoter holding
64.27%
IL
Inkel Limited - Due diligence report
A 360° intelligence report on Inkel: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
Inkel — 360° Intelligence Report
Generated from MCA filings & public records85/100
Trust Score
Low Risk
Inkel is assessed as Low Risk with a Trust Score of 85/100. Inkel is an active public limited indian non-government company incorporated in 2007, operating in the Infrastructure and Utilities sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 13 Jun 2026 from the latest processed filings. Inkel 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 ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (C).
Charges position: 4 open (246.50 cr) · 5 satisfied (379.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| State Bank Of India | 4 | 48.0 cr |
| State Bank Of Travancore | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Kerala State Industrial Development Corpn Ltd | 1 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 5 court forum(s).
- 3 active GST registration(s).
Legal cases on record (5)
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Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MOHAMED ALTHAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUNNADATH RAJEEVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JACOB KOVOOR NINAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYAKRISHNAN KRISHNA MENON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAPPAI CHIRAYATH VAREED | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ELLANGOVAN KANNAN KAMALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEETHAKUMARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARGHESE KURIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Riju Thomas | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Baiju Thankayathil | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pattatt Vishnuraj | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
1
Group entities
5
Capital events
9 allotment(s) · 12 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Inkel Infrastructure Development Projects Limited | Subsidiary Company | 74.00% |
| Inkes Trade Centre Limited | Joint Ventures | 74.00% |
| Inkel-ksidc Projects Limited | Joint Ventures | 74.00% |
| Inkel-ekk Roads Private Limited | Joint Ventures | 74.00% |
| Miv Logistics Private Limited | Associate Company | 74.00% |
Key managerial personnel: ELLANGOVAN KANNAN KAMALA (Managing Director)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 60 · Distress 75
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor 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 assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 246.50 cr already registered.
- Compliance record supports lending.
Investor view75/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
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MCA Filings & Events Timeline
Latest 15 events27 Oct 2025
Director appointed
Pattatt Vishnuraj (Nominee Director)
14 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Feb 2025
Charge created
State Bank Of India - 5.00 cr
14 Aug 2024
Director appointed
Riju Thomas (Cfo)
02 Jul 2024
Director ceased
SUMAN BILLA
08 May 2023
Charge satisfied
State Bank Of India
19 Dec 2022
Director appointed
Baiju Thankayathil (Company Secretary)
29 Nov 2022
Charge satisfied
State Bank Of India
10 Nov 2022
Director appointed
JACOB KOVOOR NINAN (Director)
31 Oct 2022
Charge satisfied
Sbicap Trustee Company Limited
26 Oct 2022
Charge created
State Bank Of India - 2.00 cr
15 Sep 2022
Director ceased
GEETHAKUMARY
04 Aug 2022
Director ceased
VENUGOPAL KARUNAKARAN NAIR
17 Jun 2022
Charge satisfied
State Bank Of Travancore
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Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
11 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of C from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Avaada | U40106MH2013FTC440053 | Mumbai, Maharashtra, India |
| Azurepower | U40107DL2016PTC302018 | New Delhi, Delhi, India |
| Fieldcore Service Solutions International India Private Limited | U74210DL2005PTC133001 | New Delhi, Delhi, India |
| Ghodawat Realty Private Limited | U70200PN1994PTC222075 | Hatkanangale, Maharashtra, India |
| Mytrah | U40300TG2016PTC102577 | Hyderabad, Telangana, India |
| Biop Steels & Power Private Limited | U27310KA2010PTC055589 | Bellary, Karnataka, India |
| Budhilhydro | U40109TG2002PTC038683 | Hyderabad, Telangana, India |
| Vijay Steel Corporation Private Limited | U27100MH1995PTC088530 | Mumbai, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Inkel before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Inkel: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Inkel - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Inkel pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Inkel - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Inkel an active company?
Inkel has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Inkel financially healthy?
Inkel has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Inkel?
Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Inkel?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Inkel have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Inkel up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Inkel?
Its Credit Risk Score is 60/100 (Moderate). 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.
