Promoter holding
64.27%
ME
Mahindra Epc Irrigation Limited - Due diligence report
A 360° intelligence report on Epc Industries: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Epc Industries — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Epc Industries is assessed as Moderate with a Trust Score of 71/100. Epc Industries is an active public limited indian non-government company incorporated in 1981, operating in the Agriculture 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 moderate compliance risk and moderate financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Mahindra Epc Irrigation 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
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 60/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Externally credit-rated (A1).
Charges position: 6 open (84.52 cr) · 25 satisfied (166.88 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 19 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 56/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI.
- Litigation present in 2 court forum(s).
- 14 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SHRIPRAKASH SHUKLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ami Goda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHIJIT ARUN PAGE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH RAMACHANDRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHIJIT ARUN PAGE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISWANATHAN KAPILANANDAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATNAKAR VASUDEO NAWGHARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUNA RAJENDRA BHINGE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNETRA GANESAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV GOYAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Giriraj Mohta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- 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 2023 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
Mahindra And Mahindra Limited
Subsidiaries
-
Group entities
1
Capital events
16 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mahindra Top Greenhouses Private Limited | Joint Ventures | 74.00% |
| Mahindra And Mahindra Limited | Holding Company | 74.00% |
Key managerial personnel: ABHIJIT ARUN PAGE (CEO) · RAMESH RAMACHANDRAN (Managing Director) · ABHIJIT ARUN PAGE (CEO) · SUNETRA GANESAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 44+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Compliance score is weak (56/100).
6 open charge(s) registered - assets are encumbered.
2 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.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment60/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 84.52 cr already registered.
- Compliance gaps should be priced into terms.
Investor view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events28 Aug 2025
Director ceased
RAJEEV GOYAL
19 Jul 2025
Director appointed
RAJEEV GOYAL (Director)
18 Jul 2025
Last AGM held
Annual general meeting
15 May 2025
Director appointed
Giriraj Mohta (Cfo)
30 Apr 2025
Director ceased
SUNETRA GANESAN
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Jul 2024
Director ceased
Ami Goda
Director ceased
VISWANATHAN KAPILANANDAN
04 Jun 2024
Director appointed
Ami Goda (Director)
Director appointed
VISWANATHAN KAPILANANDAN (Director)
14 Feb 2024
Charge created
Others - 10.00 cr
01 Sep 2023
Director appointed
RAMESH RAMACHANDRAN (Managing Director)
Director ceased
RAMESH RAMACHANDRAN
04 May 2022
Securities allotted
48129 Equity Shares - 4.81 Lakh raised
16 Sep 2021
Charge created
Others - 20.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
14 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A1 from Crisil.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 16 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Filtrum | U34300PN2009PTC134604 | Haveli, Maharashtra, India |
| Automark Industries (India) Private Limited | U29290MH1988PTC046196 | Yavatmal, Maharashtra, India |
| Vee Tee Auto Manufacturing Company Private Limited | U40100MH1988PTC048986 | Navi Mumbai, Maharashtra, India |
| V3 Enterprises Private Limited | U28113MH2010PTC201833 | Nashik, Maharashtra, India |
| Universal Polychem (India) Private Limited | U25202DL2004PTC129029 | New Delhi, Delhi, India |
| Hwaseung Ia Automotives Private Limited | U25209AP2017PTC107062 | Anantapur, Andhra Pradesh, India |
| Arihant Gold Plast Private Limited | U25199MH2006PTC159365 | Mumbai, Maharashtra, India |
| Endeka Ceramics India Private Limited | U26914KA1994PTC016130 | Jayanagar, Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Epc Industries before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Epc 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Epc Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Epc Industries pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Epc Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Epc Industries an active company?
Epc Industries has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Epc Industries financially healthy?
Epc Industries has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Epc Industries?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Epc Industries?
The ultimate holding entity is Mahindra And Mahindra Limited. 11 active director(s) are on record.
Does Epc Industries have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 25 earlier charge(s) stand satisfied.
Is Epc Industries up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).
Is it risky to lend to Epc Industries?
Its Credit Risk Score is 60/100 (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.
