Promoter holding
64.27%
IE
Ion Exchange Projects And Engineering Limited - Due diligence report
A 360° intelligence report on Ion Exchange Projects And Engineering Limited: trust score, financial health, credit view, compliance, directo…
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Ion Exchange Projects And Engineering Limited — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Ion Exchange Projects And Engineering Limited is assessed as Moderate with a Trust Score of 74/100. Ion Exchange Projects And Engineering Limited is an active public limited indian non-government company incorporated in 2011, operating in the Environment 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 low compliance risk and moderate financial risk profile.
Report generated on 14 Jul 2026 from the latest processed filings. Ion Exchange Projects And Engineering 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
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
85/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (66.10 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 1 | 48.0 cr |
| Canara Bank | 1 | 48.0 cr |
Compliance Score: 85/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- Delayed payments to MSME suppliers disclosed (8 disclosure(s)).
- 5 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY VITHALRAO JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEMANT PRABHAKAR JOG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DAVID PAUL RASQUINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nikisha Yogesh Solanki | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMENDRA GUPTA | 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 |
| RAJESH CHANDRABHAN SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 7 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
| 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 2022 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
Ion Exchange (india) Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ion Exchange (india) Limited | Holding Company | 74.00% |
Key managerial personnel: HEMANT PRABHAKAR JOG (CFO) · MAHABIR PRASAD PATNI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 60
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
7 director exits within 2 years.
MSME payment delays disclosed - latest outstanding 6.05 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment74/100
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 record supports lending.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
22 Sep 2025
Director ceased
DINESH SHARMA
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Sep 2024
Director ceased
THEKKEKKARA MELOTH MOHAN NAMBIAR
Director ceased
RAMENDRA GUPTA
Director ceased
VIJAY NARHAR GUPCHUP
Director ceased
ABHIRAM SETH
29 Sep 2024
Director ceased
SANJAY VITHALRAO JOSHI
Director ceased
DAVID PAUL RASQUINHA
31 Jul 2024
Director appointed
SANJAY VITHALRAO JOSHI (Director)
Director appointed
DAVID PAUL RASQUINHA (Director)
20 Sep 2021
Charge satisfied
Bank Of India
01 Apr 2019
Director appointed
Nikisha Yogesh Solanki (Company Secretary)
09 Jun 2017
Charge satisfied
Canara Bank
24 May 2016
Securities allotted
5215200 Equity Shares - 5.22 cr raised
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.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
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 1 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ion Exchange Projects And Engineering Limited before audits and certifications: compliance score 85/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ion Exchange Projects And Engineering Limited: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Ion Exchange Projects And Engineering Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Ion Exchange Projects And Engineering Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Ion Exchange Projects And Engineering Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ion Exchange Projects And Engineering Limited an active company?
Ion Exchange Projects And Engineering Limited has MCA status “Active” with a compliance score of 85/100 (Low Risk).
Is Ion Exchange Projects And Engineering Limited financially healthy?
Ion Exchange Projects And Engineering Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Ion Exchange Projects And Engineering Limited?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ion Exchange Projects And Engineering Limited?
The ultimate holding entity is Ion Exchange (india) Limited. 8 active director(s) are on record.
Does Ion Exchange Projects And Engineering Limited have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Ion Exchange Projects And Engineering Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 85/100 (Low Risk).
Is it risky to lend to Ion Exchange Projects And Engineering Limited?
Its Credit Risk Score is 85/100 (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.
