Promoter holding
64.27%
KI
Kiri Industries Limited - Due diligence report
A 360° intelligence report on Kiri Industries: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Kiri Industries — 360° Intelligence Report
Generated from MCA filings & public records60/100
Trust Score
Moderate
Kiri Industries is assessed as Moderate with a Trust Score of 60/100. Kiri Industries is an active public limited indian non-government company incorporated in 1998, operating in the Chemicals and Materials 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 moderate financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Kiri Industries 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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 4 open (2,249.99 cr) · 45 satisfied (2,915.07 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Invent Assets Securitisation And Reconstruction Private Limited | 7 | 48.0 cr |
| State Bank Of India | 15 | 48.0 cr |
| Punjab National Bank | 4 | 48.0 cr |
| Indian Bank | 2 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 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: SEBI, BSE, DRT.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (777 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GIRISH HIRABHAI TANDEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Suresh Gondalia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURESHKUMAR SAVAJIBHAI GONDALIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YAGNESH KISHORCHANDRA MANKAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NANUBHAI VALLABHABHAI KATHIRIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mr. Jayesh Vyas | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISHKUMAR PRAVINCHANDRA KIRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYESHKUMAR GAJANAND VYAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| REEMA PRANAV PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOKKUMAR MANJIBHAI RAJPARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jayeshkumar Gajanand Vyas | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Suresh Savajibhai Gondalia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- ASHOKKUMAR MANJIBHAI RAJPARA has DIN status "Disqualified by RoC u/s 164(2)".
- 3 director exit(s) in the last 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 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
-
Group entities
2
Capital events
14 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Chemhub Trading Dmcc | Subsidiary Company | 74.00% |
| Sms Chemicals Co. Ltd.- Non Operating | Subsidiary Company | 74.00% |
| Synthesis International Limited -under Process To Wind Up | Subsidiary Company | 74.00% |
| Kiri Infrastructure Private Limited | Associate Company | 74.00% |
| Lonsen Kiri Chemical Industries Limited | Joint Ventures | 74.00% |
| Dystar Global Holdings (singapore) Pte. Ltd. | Associate Company | 74.00% |
Key managerial personnel: GIRISH HIRABHAI TANDEL (Whole-time director) · YAGNESH KISHORCHANDRA MANKAD (Whole-time director) · Mr. Jayesh Vyas (CFO) · MANISHKUMAR PRAVINCHANDRA KIRI (Managing Director) · JAYESHKUMAR GAJANAND VYAS (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 55
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
3 director exits within 2 years.
Compliance score is weak (42/100).
4 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 8.50 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence51/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment56/100
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 2,249.99 cr already registered.
- Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
REEMA PRANAV PARIKH
02 Sep 2025
Director appointed
REEMA PRANAV PARIKH (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2024
Director ceased
NANUBHAI VALLABHABHAI KATHIRIA
Director ceased
ASHOKKUMAR MANJIBHAI RAJPARA
19 Sep 2024
Charge satisfied
Others
05 Sep 2024
Charge created
Others - 1,091.59 cr
04 Sep 2024
Charge created
Others - 1,091.59 cr
29 Aug 2024
Director appointed
NANUBHAI VALLABHABHAI KATHIRIA (Director)
Director appointed
ASHOKKUMAR MANJIBHAI RAJPARA (Director)
06 May 2023
Director ceased
GIRISH HIRABHAI TANDEL
Director ceased
YAGNESH KISHORCHANDRA MANKAD
17 Apr 2023
Charge created
Others - 100.00 cr
13 Apr 2023
Charge created
Others - 100.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
12 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
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.
Capital has been raised through 14 security allotment(s) - amounts available in the full report.
5 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Parbhudas Kishordas Tobacco Products Private Limited | U16009GJ1971PTC001969 | Ahmadabad City, Gujarat, India |
| Rama Phosphates | L24110MH1984PLC033917 | Mumbai, Maharashtra, India |
| Saraswati Sugar Mills Limited | U01115HR2000PLC034519 | Na, Haryana, India |
| Spectrum | U24110MH1989PTC176088 | Mumbai, Maharashtra, India |
| Kokuyocamlin | L24223MH1946PLC005434 | Mumbai, Maharashtra, India |
| Samilabs | U68100KA1991PLC011880 | Bangalore, Karnataka, India |
| Windlas | L74899UR2001PLC033407 | Dehradun, Uttarakhand, India |
| Neogenchem | L24200MH1989PLC050919 | Thane, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Kiri Industries 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 Kiri Industries: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Kiri Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Kiri Industries pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Kiri Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Kiri Industries an active company?
Kiri Industries has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Kiri Industries financially healthy?
Kiri Industries has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Kiri Industries?
Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Kiri Industries?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Kiri Industries have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 45 earlier charge(s) stand satisfied.
Is Kiri Industries 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 Kiri Industries?
Its Credit Risk Score is 55/100 (Moderate). 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.
