Promoter holding
64.27%
IO
Ionindia - Due diligence report
A 360° intelligence report on Ionindia: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Ionindia — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Ionindia is assessed as Moderate with a Trust Score of 70/100. Ionindia is an active public limited indian non-government company incorporated in 1964, operating in the Engineering 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 21 Sep 2026 from the latest processed filings. Ion Exchange (India) 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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 75/100 Low Risk
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A2).
Charges position: 23 open (3,358.36 cr) · 41 satisfied (3,063.78 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 15 | 48.0 cr |
| Others | 16 | 48.0 cr |
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| Standard Chartered Bank | 2 | 48.0 cr |
| Canara Bank | 2 | 48.0 cr |
| Export Import Bank Of India | 3 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, CDSL, DSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (1189 disclosure(s)).
- 24 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY VITHALRAO JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DAVID PAUL RASQUINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMANABHAN GOPALARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALKA ARORA MISRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VASANT JANARDHAN NAIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIND DATTATRAYA PURANIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESH SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AANKUR PATNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHABIR PRASAD PATNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Amitava Guharoy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| INDRANEEL DUTT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH CHANDRABHAN SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Indraneel Dutt | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- INDRANEEL DUTT has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 5 director exits in 3 years - high churn.
- 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
6
Group entities
8
Capital events
28 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ei Enviromental Management (m) Sdn.bhd | Subsidiary Company | 74.00% |
| Global Composites And Structurals Limited | Subsidiary Company | 74.00% |
| Ion Exchange Asia Pacific (thailand) Limited | Subsidiary Company | 74.00% |
| Ion Exchange Asia Pacific Pte Ltd | Subsidiary Company | 74.00% |
| Ion Exchange Llc | Subsidiary Company | 74.00% |
| Ion Exchange Wts (bangladesh) Limited | Subsidiary Company | 74.00% |
| On Exchange Enviroment Managemnet (bd) Limited | Subsidiary Company | 74.00% |
| Ion Exchange Environment Management Limited | Subsidiary Company | 74.00% |
| Ion Exchange Purified Drinking Water Private Limited | Subsidiary Company | 74.00% |
| Ion Exchange Europe Lda | Subsidiary Company | 74.00% |
Key managerial personnel: VASANT JANARDHAN NAIK (CFO) · INDRANEEL DUTT (Managing Director) · RAJESH CHANDRABHAN SHARMA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 62+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
23 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 6.32 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 23 open charge(s) of 3,358.36 cr already registered.
- Compliance gaps should be priced into terms.
Investor view89/100
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 events05 Jan 2026
Charge satisfied
Others
12 Nov 2025
Charge created
Others - 69.95 cr
09 Sep 2025
Last AGM held
Annual general meeting
11 Jun 2025
Director appointed
Indraneel Dutt (Ceo)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Dec 2024
Charge satisfied
Bank Of India
07 Dec 2024
Charge satisfied
Others
05 Oct 2024
Charge satisfied
Others
01 Oct 2024
Director appointed
INDRANEEL DUTT (Managing Director)
11 Sep 2024
Director ceased
THEKKEKKARA MELOTH MOHAN NAMBIAR
Director ceased
SHISHIR SHANKAR LAL TAMOTIA
Director ceased
VIJAY NARHAR GUPCHUP
Director ceased
KISHORI JAYENDRA UDESHI
Director ceased
SAMPATH KUMAR PARTHASARATHY
09 Aug 2024
Charge satisfied
Axis Bank Limited
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); review board churn before relying on management continuity.
24 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 28 security allotment(s) - amounts available in the full report.
37 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Vesuvius | L26933WB1991PLC052968 | Kolkata, West Bengal, India |
| Corteva Agriscience India Private Limited | U20219TG1994PTC148982 | Hyderabad, Telangana, India |
| Arysta Lifescience | U51420MH1949PLC007856 | Mumbai, Maharashtra, India |
| Hindusthan Engineering | U93000WB1998PLC086303 | Kolkata, West Bengal, India |
| Binani | U26941WB1996PLC076612 | Kolkata, West Bengal, India |
| Glaxosmithkline Asia Private Limited | U99999PB1995PTC028476 | Patiala, Punjab, India |
| Hindustan Platinum | U74999MH1961PTC012143 | Navi Mumbai, Maharashtra, India |
| Crystalcropprotection | U72100GJ1994PLC097033 | Ellisbridge, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ionindia before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ionindia: 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 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Ionindia - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Ionindia pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Ionindia - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ionindia an active company?
Ionindia has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Ionindia financially healthy?
Ionindia has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Ionindia?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ionindia?
Promoters hold the largest single block of equity - exact percentages are in the full report. 13 active director(s) are on record.
Does Ionindia have loans or charges against its assets?
23 open charge(s) are registered against its assets, and 41 earlier charge(s) stand satisfied.
Is Ionindia up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Ionindia?
Its Credit Risk Score is 75/100 (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.
