Promoter holding
64.27%
MI
Marini India Private Limited - Due diligence report
A 360° intelligence report on Marini India: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Marini India — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Marini India is assessed as Moderate with a Trust Score of 67/100. Marini India is an active private limited foreign company incorporated in india incorporated in 2010, operating in the Infrastructure and Utilities 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 high financial risk profile.
Report generated on 29 Jul 2026 from the latest processed filings. Marini India Private 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
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 38%).
Charges position: 0 open (-) · 1 satisfied (17.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- 2 auditor resignation(s) filed - latest: B. D. Jokhakar & Co. on 2020-10-21.
- Delayed payments to MSME suppliers disclosed (24 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJEEV KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LUCA CAMPRINI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHIJIT SOM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kapil Vaswani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 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
Marini Spa, Italy
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Marini Spa, Italy | Holding Company | 74.00% |
Key managerial personnel: ABHIJIT SOM (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 16+ 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.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 20.36 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view48/100
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 events05 Feb 2026
Director appointed
Kapil Vaswani (Company Secretary)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2024
Charge satisfied
Axis Bank Limited
28 Sep 2023
Director ceased
LUCA CAMPRINI
03 Mar 2023
Director appointed
LUCA CAMPRINI (Director)
07 Dec 2022
Director appointed
SANJEEV KUMAR (Director)
30 Sep 2022
Director ceased
NITIN LUNAWAT
23 Nov 2021
Director ceased
ABHIJIT SOM
28 Sep 2021
Director ceased
MATTEO TIGRETTI
25 May 2021
Director appointed
ABHIJIT SOM (Managing Director)
20 Aug 2020
Director ceased
OLIVIER ANDRE RAYMOND BIENDINE
Director ceased
JOACHIM RUDOLF BLATT
10 Feb 2020
Director ceased
PRATIK NARENDRABHAI SHAH
26 Jul 2018
Director ceased
SANJEEV KUMAR
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.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Freedom Industries Ltd | U15680PB1995PLC015680 | Punjab, Punjab, India |
| Rashi Cables Private Limited | U31300DL2004PTC127734 | Delhi, Delhi, India |
| Lumens Aircon Private Limited | U29191MH2003PTC142978 | Mumbai, Maharashtra, India |
| Kwk Resistors India | U31401KA2013PTC069763 | Bangalore, Karnataka, India |
| Nutech Jetting Equipments India Private Limited | U74899DL1988PTC031865 | New Delhi, Delhi, India |
| Ace Electricals | U29299TZ2012PTC018032 | Hosur, Tamil Nadu, India |
| Twd Sun Acoustic Private Limited | U74140DL2015PTC280887 | New Delhi, Delhi, India |
| Adroit Control Engineers | U74899HR1997PTC033590 | Faridabad, Haryana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Marini India before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Marini 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: 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 40/100, margin trends, ownership structure and peer set for Marini India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Marini 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 Marini India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Marini India an active company?
Marini India has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Marini India financially healthy?
Marini India has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Marini India?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Marini India?
The ultimate holding entity is Marini Spa, Italy. 4 active director(s) are on record.
Does Marini India have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Marini India up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Marini India?
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.
