Promoter holding
64.27%
MC
Mac Charles (India) Limited - Due diligence report
A 360° intelligence report on Mac Charles (India): trust score, financial health, credit view, compliance, directors, growth and distress si…
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Mac Charles (India) — 360° Intelligence Report
Generated from MCA filings & public records52/100
Trust Score
Moderate
Mac Charles (India) is assessed as Moderate with a Trust Score of 52/100. Mac Charles (India) is an active public limited indian non-government company incorporated in 1979, operating in the Environment sector. The company has shown revenue growth 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 05 Jul 2026 from the latest processed filings. Mac Charles (India) 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
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 35/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
Charges position: 3 open (592.34 cr) · 5 satisfied (1,466.24 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 6 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: B S R & Associates LLP on 2020-07-31.
- Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Ankit Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANDITHACHOLANALLUR RAMAKRISHNAN RAJAGOPALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| . HARISH ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRINIVASARAO NAGABHUSHANA RAO NAGENDRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA VIRWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Richa Saxena | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BIJOY KUMAR DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BARKHA MAHTANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2024)
| 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 2024 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
Embassy Property Developments Private Limited
Subsidiaries
3
Group entities
3
Capital events
9 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Blue Lagoon Real Estate Private Limited | Subsidiary Company | 74.00% |
| Mac Charles Hub Projects Private Limited | Subsidiary Company | 74.00% |
| Neptune Real Estate Private Limited | Subsidiary Company | 74.00% |
| Embassy Property Developments Private Limited | Holding Company | 74.00% |
Key managerial personnel: Ankit Shah (CFO) · . HARISH ANAND (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Asset base grew 1.42 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 46+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
3 director exits within 2 years.
Compliance score is weak (32/100).
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 15.85 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence40/100
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 assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 592.34 cr already registered.
- Compliance gaps should be priced into terms.
Investor view59/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events09 Dec 2025
Charge created
Others - 540.00 cr
27 Nov 2025
Charge satisfied
Others
25 Nov 2025
Charge satisfied
Others
19 Sep 2025
Last AGM held
Annual general meeting
18 Sep 2025
Director ceased
BARKHA MAHTANI
06 Aug 2025
Director appointed
BARKHA MAHTANI (Director)
04 Jul 2025
Charge created
Others - 220.00 cr
07 Apr 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Feb 2025
Charge created
Others - 750.00 cr
21 Sep 2024
Director ceased
APPIAH PALECANDA BOPANNA
20 Sep 2024
Director ceased
SRINIVASARAO NAGABHUSHANA RAO NAGENDRA
22 Aug 2024
Director appointed
Richa Saxena (Company Secretary)
08 Aug 2024
Director appointed
SRINIVASARAO NAGABHUSHANA RAO NAGENDRA (Director)
28 Mar 2024
Charge created
Others - 2.34 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ril | L65990MH1984PLC033878 | Mumbai, Maharashtra, India |
| Uttar Bharat Hydro Power Private Limited | U27106DL1991PTC162598 | Delhi, Delhi, India |
| Welspun Energy | U40109MH2008PLC178769 | Mumbai, Maharashtra, India |
| Four Ef Renewables Private Limited | U45500KA2017PTC108793 | Bangalore North, Karnataka, India |
| Poolavadi Windfarm Limited | U40300MH2016PLC271899 | Mumbai, Maharashtra, India |
| Sanjanacryogenic | U40106MH1999PLC121459 | Mumbai, Maharashtra, India |
| Dalmia Power Limited | U40109TN2005PLC057326 | District Tiruchirapalli, Tamil Nadu, India |
| Patanjali Renewable Energy | U29292DL2011PTC220749 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mac Charles (India) before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mac Charles (India): 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Mac Charles (India) - 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 Mac Charles (India) pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Mac Charles (India) - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mac Charles (India) an active company?
Mac Charles (India) has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Mac Charles (India) financially healthy?
Mac Charles (India) has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Mac Charles (India)?
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 Mac Charles (India)?
The ultimate holding entity is Embassy Property Developments Private Limited. 8 active director(s) are on record.
Does Mac Charles (India) have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Mac Charles (India) up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Mac Charles (India)?
Its Credit Risk Score is 35/100 (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.
