Promoter holding
64.27%
IH
Isgec Heavy Engineering Limited - Due diligence report
A 360° intelligence report on Isgec Heavy Engineering: trust score, financial health, credit view, compliance, directors, growth and distres…
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Isgec Heavy Engineering — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Isgec Heavy Engineering is assessed as Low Risk with a Trust Score of 75/100. Isgec Heavy Engineering is an active public limited indian non-government company incorporated in 1933, 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 17 Jul 2026 from the latest processed filings. Isgec Heavy 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 ScoreLow Risk
75/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 4 open (6,204.60 cr) · 46 satisfied (9,189.23 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| State Bank Of Patiala (Lead Bank) | 3 | 48.0 cr |
| State Bank Of Patiala | 2 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Hdfc Bank Limited | 2 | 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, EPFO.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (238 disclosure(s)).
- 29 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY GULATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND SAGAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SACHIN SALUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANJIT PURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA PURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV ROYCHAUDHURY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sachin Saluja | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RASHI SIKKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHORE CHATNANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK DHIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kishore Chatnani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 2 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 2025 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
5
Group entities
9
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Eagle Press & Equipment Co. Limited | Subsidiary Company | 74.00% |
| Free Look Software Private Limited | Subsidiary Company | 74.00% |
| Isgec Covema Limited. | Subsidiary Company | 74.00% |
| Isgec Engineering And Projects Limited | Subsidiary Company | 74.00% |
| Isgec Exports Limited. | Subsidiary Company | 74.00% |
| Isgec Investments Pte Ltd. | Subsidiary Company | 74.00% |
| Saraswati Sugar Mills Limited | Subsidiary Company | 74.00% |
| Isgec Hitachi Zosen Limited | Joint Ventures | 74.00% |
| Isgec Redecam Enviro Solutions Private Limited | Joint Ventures | 74.00% |
| Isgec Sfw Boilers Private Limited | Joint Ventures | 74.00% |
Key managerial personnel: SANJAY GULATI (Managing Director) · ADITYA PURI (Managing Director) · KISHORE CHATNANI (Managing Director) · Kishore Chatnani (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 93+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
4 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 4.03 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence66/100
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 assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 6,204.60 cr already registered.
- Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Oct 2025
Director appointed
SANJAY GULATI (Managing Director)
Director appointed
KISHORE CHATNANI (Managing Director)
16 Sep 2025
Last AGM held
Annual general meeting
15 Sep 2025
Director ceased
RAJIV ROYCHAUDHURY
Director ceased
VIVEK DHIR
28 Aug 2025
Charge created
Others - 149.60 cr
08 Jul 2025
Director appointed
RAJIV ROYCHAUDHURY (Director)
Director appointed
VIVEK DHIR (Director)
16 Jun 2025
Charge created
Others - 435.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
09 May 2024
Charge created
Hdfc Bank Limited - 120.00 cr
19 Apr 2024
Charge satisfied
Hdfc Bank Limited
17 Nov 2022
Director appointed
SACHIN SALUJA (Nodal Officer)
Director ceased
Shweta Agrawal
15 Nov 2022
Director appointed
Sachin Saluja (Company Secretary)
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
29 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
44 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Spark Minda | L74899DL1985PLC020401 | Delhi, Delhi, India |
| Krishna Grupo Antolin Private Limited | U00000HR2004PTC049273 | Gurgaon, Haryana, India |
| Ge | L31102DL1957PLC193993 | New Delhi, Delhi, India |
| Ifb Industries | L51109WB1974PLC029637 | Kolkata, West Bengal, India |
| Koel | L29100PN2009PLC133351 | Pune, Maharashtra, India |
| V-Guard | L31200KL1996PLC010010 | Kochi, Kerala, India |
| Dixon | L32101UP1993PLC066581 | Noida, Uttar Pradesh, India |
| Brahmos Aerospace | U74899DL1995PTC074334 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Isgec Heavy Engineering 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 Isgec Heavy Engineering: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Isgec Heavy Engineering - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Isgec Heavy Engineering 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 Isgec Heavy Engineering - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Isgec Heavy Engineering an active company?
Isgec Heavy Engineering has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Isgec Heavy Engineering financially healthy?
Isgec Heavy Engineering has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Isgec Heavy Engineering?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Isgec Heavy Engineering?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Isgec Heavy Engineering have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 46 earlier charge(s) stand satisfied.
Is Isgec Heavy Engineering 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 Isgec Heavy Engineering?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
