Promoter holding
64.27%
ML
Marico Limited - Due diligence report
A 360° intelligence report on Marico: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Marico — 360° Intelligence Report
Generated from MCA filings & public records87/100
Trust Score
Low Risk
Marico is assessed as Low Risk with a Trust Score of 87/100. Marico is an active public limited indian non-government company incorporated in 1988, operating in the FMCG sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Marico 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 ScoreLow Risk
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 0 open (-) · 13 satisfied (765.79 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 2 | 48.0 cr |
| Hsbc Bank (Mauritius) Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Axis Trustee Services Limited | 1 | 48.0 cr |
| State Bank Of Saurashtra | 5 | 48.0 cr |
| Anz Grindlays Bank | 1 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (522 disclosure(s)).
- 32 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| APURVA PUROHIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA KISHORE MARIWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAN BHARTI MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAWAN AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAWAN AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIKHIL KHATTAU NIRVAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHASKAR BHAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RISHABH HARSH MARIWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAYANTARA BALI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAUGATA GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINAY MANDYAM ANANDAMPILLAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIND GAJANAN BARVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANANTH SANKARANARAYANAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV VASUDEVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARSH CHARANDAS MARIWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mandyam Anandampillai Vinay | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pawan Bhagwan Das Agrawal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 17 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- 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 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
6
Group entities
6
Capital events
201 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Beauty X Joint Stock Company | Subsidiary Company | 74.00% |
| Egyptian American Investment And Industrial Development Company S.a.e | Subsidiary Company | 74.00% |
| Halite Personal Care India Private Limited | Subsidiary Company | 74.00% |
| Marico Lanka (private) Limited | Subsidiary Company | 74.00% |
| Marico Malaysia Sdn. Bhd. | Subsidiary Company | 74.00% |
| Marico Middle East Fze | Subsidiary Company | 74.00% |
| Marico South Africa (pty) Limited | Subsidiary Company | 74.00% |
| Marico South Africa Consumer Care (pty) Limited | Subsidiary Company | 74.00% |
| Marico South East Asia Corporation | Subsidiary Company | 74.00% |
| Mbl Industries Limited | Subsidiary Company | 74.00% |
Key managerial personnel: PAWAN AGRAWAL (CFO) · PAWAN AGRAWAL (CFO) · SAUGATA GUPTA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
MSME payment delays disclosed - latest outstanding 3.06 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment89/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Oct 2025
Director appointed
BHASKAR BHAT (Director)
Director ceased
BHASKAR BHAT
08 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Aug 2023
Director ceased
RAJAN BHARTI MITTAL
01 Jul 2023
Director appointed
RAJAN BHARTI MITTAL (Director)
23 Dec 2022
Securities allotted
4280 Equity Shares - 14.81 Lakh raised
Securities allotted
3000 Equity Shares - 10.39 Lakh raised
08 Dec 2022
Securities allotted
23600 Equity Shares - 60.60 Lakh raised
Securities allotted
300 Equity Shares - 92,331.00 raised
Securities allotted
3810 Equity Shares - 13.18 Lakh raised
Securities allotted
4770 Equity Shares - 16.53 Lakh raised
23 Sep 2022
Securities allotted
3860 Equity Shares - 13.36 Lakh raised
Securities allotted
9020 Equity Shares - 31.25 Lakh raised
Securities allotted
3690 Equity Shares - 13.73 Lakh raised
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
17 active director(s) / partner(s); board looks stable and experienced.
32 active GST registration(s) indicate ongoing business operations.
All 13 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Crisil.
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 201 security allotment(s) - amounts available in the full report.
21 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Triveni Engineering & Industries | L15421UP1932PLC022174 | Noida, Uttar Pradesh, India |
| Godrejagrovet | U15122MH2008PLC177741 | Mumbai, Maharashtra, India |
| Godfrey Phillips | L16004MH1936PLC008587 | Mumbai, Maharashtra, India |
| Allied Blenders & Distillers | L15511MH2008PLC187368 | Mumbai, Maharashtra, India |
| Carlsberg India | U15111DL2006PTC148579 | New Delhi, Delhi, India |
| Dabur | L24230DL1975PLC007908 | New Delhi, Delhi, India |
| Agricom Foods Private Limited | U15130MH1994PTC078311 | Mumbai, Maharashtra, India |
| Indagro Foods Private Limited | U15100MH1992PTC068160 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Marico before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Marico: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Marico - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Marico 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 Marico - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Marico an active company?
Marico has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Marico financially healthy?
Marico has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Marico?
Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Marico?
Promoters hold a minority stake - exact percentages are in the full report. 17 active director(s) are on record.
Does Marico have loans or charges against its assets?
No open charges - all 13 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Marico up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Marico?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
