Promoter holding
64.27%
KL
Kushal Limited - Due diligence report
A 360° intelligence report on Kushal Limited: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Kushal Limited — 360° Intelligence Report
Generated from MCA filings & public records52/100
Trust Score
Moderate
Kushal Limited is assessed as Moderate with a Trust Score of 52/100. Kushal Limited is an active public limited indian non-government company incorporated in 2000, operating in the Agriculture sector. Reported revenue has declined 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 06 Jul 2026 from the latest processed filings. Kushal 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
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
7/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
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
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 15 open (1,304.05 cr) · 8 satisfied (230.02 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Axis Bank Limited | 4 | 48.0 cr |
| Bank Of India | 4 | 48.0 cr |
| Ifci Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Icici Bank Limited | 2 | 48.0 cr |
Compliance Score: 7/100 Caution Indicated
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2021 - filings overdue.
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- 5 auditor resignation(s) filed - latest: PRAKASH B.SHETH & CO. on 2022-10-07.
- Delayed payments to MSME suppliers disclosed (44 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KALPESHKUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jitendra Rajendrasingh yadav | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JWALANT JAGDISHBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YOGESHKUMAR GHANSHYAMBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAVITA TEJASKUMAR SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL SONI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- JWALANT JAGDISHBHAI PATEL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
| 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 2021 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
-
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Kashish Worldwide F.z.e | Subsidiary Company | 74.00% |
| Kushal Impex Pte Ltd | Subsidiary Company | 74.00% |
| Kushal Integrated Industrial Park,llp | Subsidiary Company | 74.00% |
| Stallion Worldwide (labuan) Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: Jitendra Rajendrasingh yadav (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 55
Growth signals & trust indicators
Net margin improved to 2.1x.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Statutory filings appear overdue.
Compliance score is weak (7/100).
15 open charge(s) registered - assets are encumbered.
5 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.25 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence35/100
Caution indicated
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 assessment50/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 15 open charge(s) of 1,304.05 cr already registered.
- Compliance gaps should be priced into terms.
Investor view59/100
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 events14 Dec 2024
Director ceased
DIKSHA TOMAR
30 Nov 2021
Last AGM held
Annual general meeting
01 Jul 2021
Director appointed
JWALANT JAGDISHBHAI PATEL (Additional Director)
Director ceased
DHARMENDRA DINESHCHANDRA BHUCHHADA
31 Mar 2021
Latest balance sheet
Filed with ROC
20 Jan 2021
Director appointed
YOGESHKUMAR GHANSHYAMBHAI PATEL (Additional Director)
04 Jan 2021
Director appointed
KALPESHKUMAR AGRAWAL (Additional Director)
Director ceased
MANOJ TULSIRAM AGRAWAL
Director ceased
KUSHAL MANOJ AGRAWAL
Director ceased
SANDEEP TULSIRAM AGRAWAL
29 Jan 2020
Charge satisfied
Others
11 Oct 2019
Charge satisfied
Others
07 Aug 2019
Securities allotted
69387236 Equity Shares - 13.88 cr raised
01 Mar 2019
Director appointed
Jitendra Rajendrasingh yadav (CFO)
21 Feb 2019
Securities allotted
10258850 Equity Shares - 2.05 cr raised
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.
6 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 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.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Parwati Lakh Udyog Pvt Ltd | U01122WB1994PTC062871 | Kolkata, West Bengal, India |
| Rds Super Market Private Limited | U52332TN2010PTC076772 | Ambur, Tamil Nadu, India |
| Suveb Sarees Private Limited | U17299UP2019PTC112258 | Lucknow, Uttar Pradesh, India |
| Guardville Business Solutions Private Limited | U51909UP2017PTC098058 | Noida, Uttar Pradesh, India |
| Aditya Digital Technologies Private Limited | U22300MH2007PTC176632 | Mumbai, Maharashtra, India |
| Tej Engineering Private Limited | U29268MH2009PTC192650 | Navi Mumbai, Maharashtra, India |
| Rancom Healthcare Private Limited | U51101UP2012PTC052648 | Lucknow, Uttar Pradesh, India |
| Vsn Dairy Products Private Limited | U15100MH2018PTC315516 | Navi Mumbai, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Kushal Limited before audits and certifications: compliance score 7/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Kushal 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: 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 Kushal Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Kushal Limited 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 Kushal Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Kushal Limited an active company?
Kushal Limited has MCA status “Active” with a compliance score of 7/100 (Caution Indicated).
Is Kushal Limited financially healthy?
Kushal Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Kushal Limited?
Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Kushal Limited?
Promoters hold a majority stake - exact percentages are in the full report. 6 active director(s) are on record.
Does Kushal Limited have loans or charges against its assets?
15 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Kushal Limited up to date with its ROC filings?
Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 7/100 (Caution Indicated).
Is it risky to lend to Kushal Limited?
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.
