Promoter holding
64.27%
IL
Ivrcl Limited - Due diligence report
A 360° intelligence report on Ivrcl: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Ivrcl — 360° Intelligence Report
Generated from MCA filings & public records29/100
Trust Score
Caution Indicated
Ivrcl is assessed as Caution Indicated with a Trust Score of 29/100. Ivrcl is a public limited indian non-government company incorporated in 1987, operating in the Engineering sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Ivrcl 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 ScoreCaution Indicated
29/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 3 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
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (D).
Charges position: 136 open (26,994.91 cr) · 72 satisfied (3,784.77 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Tamilnad Mercantile Bank Limited & Consortium | 1 | 48.0 cr |
| Idbi Trusteeship Services Limited | 8 | 48.0 cr |
| Icici Bank Limited | 9 | 48.0 cr |
| Syndicate Bank | 7 | 48.0 cr |
| Others | 2 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2018 - filings overdue.
- Flagged by authority: NCLT, EPFO, NSE.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (23 disclosure(s)).
- 19 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| HIMA BINDU MYNENI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ERAGAM SUDHIR REDDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH CHANDRA BOSE TUMMALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Borusu Subrahmanyam | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRABHAKAR RAM TRIPATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 directors on the board.
- ERAGAM SUDHIR REDDY 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 2018)
| 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 2018 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
7
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Chengapalli Road Infra Private Limited | Subsidiary Company | 74.00% |
| Ivr Prime Developers (tambaram) Private Limited | Subsidiary Company | 74.00% |
| Ivrcl Chandrapur Tollways Limited | Subsidiary Company | 74.00% |
| Ivrcl Chengapalli Tollways Limited | Subsidiary Company | 74.00% |
| Ivrcl Epc Limited | Subsidiary Company | 74.00% |
| Ivrcl Gundugolanu Rajahmundry Tollways Limited | Subsidiary Company | 74.00% |
| Ivrcl Lanka Private Limited | Subsidiary Company | 74.00% |
| Ivrcl Narnaul Bhiwani Tollways Limited | Subsidiary Company | 74.00% |
| Ivrcl Patalganga Truck Terminals Private Limited | Subsidiary Company | 74.00% |
| Ivrcl Patiala Bathinda Tollways Limited | Subsidiary Company | 74.00% |
Key managerial personnel: ERAGAM SUDHIR REDDY (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 20
Growth signals & trust indicators
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
136 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 80.11 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence17/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment23/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 136 open charge(s) of 26,994.91 cr already registered.
- Compliance gaps should be priced into terms.
Investor view25/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events14 Jun 2023
Director ceased
RAGHURAMI REDDY LELLA
04 Jan 2021
Charge satisfied
Others
06 Feb 2020
Director ceased
HIMA BINDU MYNENI
17 Apr 2019
Director ceased
RAJEEV NANDAN MEHRA
28 Sep 2018
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
09 Nov 2017
Charge created
Others - 325.00 cr
29 Sep 2017
Director ceased
SUBRAHMANYA GOPAL CHEBOLU
07 Sep 2017
Charge satisfied
Gda Trusteeship Limited
30 May 2017
Director ceased
KUSHKULLA ASHOK REDDY
03 Mar 2017
Charge created
Idbi Trusteeship Services Limited - 469.82 cr
10 Aug 2016
Charge created
Idbi Trusteeship Services Limited - 1,798.41 cr
13 Jun 2016
Securities allotted
646810 Equity Shares - 12.94 Lakh raised
01 Apr 2016
Securities allotted
22952029 Equity Shares - 4.59 cr raised
Securities allotted
30615483 Equity Shares - 6.12 cr raised
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 2 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
5 active director(s) / partner(s); review board churn before relying on management continuity.
19 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 D from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
18 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Jhansi-Baran Pathways Private Limited | U45200MP2010PTC024782 | Mhow, Madhya Pradesh, India |
| Transstroy Tirupati - Tiruthani - Chennai Tollways Private Limited | U45203TG2010PTC068672 | Hyderabad, Telangana, India |
| Akasva Infrastructure Private Limited | U45200DL2007PTC157723 | New Delhi, Delhi, India |
| Sunshine Infraengineers India Private Limited | U45203AP2010PTC070070 | Guntur, Andhra Pradesh, India |
| Teecl | L40108UP2005PLC094304 | Noida, Uttar Pradesh, India |
| Coastal Projects | U45203OR1995PLC003982 | Khorda, Odisha, India |
| Gangotri Enterprises Limited | U01403UP1991PLC013717 | Lucknow, Uttar Pradesh, India |
| Shel | L28920MH1998PLC115155 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ivrcl before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ivrcl: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Ivrcl - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 29/100, distress signals and MSME payment-delay disclosures - know whether Ivrcl 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 Ivrcl - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ivrcl an active company?
Ivrcl has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).
Is Ivrcl financially healthy?
Ivrcl has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Ivrcl?
Its overall Trust Score is 29/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ivrcl?
Promoters hold a minority stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Ivrcl have loans or charges against its assets?
136 open charge(s) are registered against its assets, and 72 earlier charge(s) stand satisfied.
Is Ivrcl up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Ivrcl?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
