Promoter holding
64.27%
MI
Marsman India Limited - Due diligence report
A 360° intelligence report on Marsman India Limited: trust score, financial health, credit view, compliance, directors, growth and distress …
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Marsman India Limited — 360° Intelligence Report
Generated from MCA filings & public records90/100
Trust Score
Low Risk
Marsman India Limited is assessed as Low Risk with a Trust Score of 90/100. Marsman India Limited is an active public limited indian non-government company incorporated in 2000, operating in the Machinery and Equipment 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 low compliance risk and low financial risk profile.
Report generated on 19 Jul 2026 from the latest processed filings. Marsman 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 ScoreLow Risk
90/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
83/100
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
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 75/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
Charges position: 1 open (3.03 cr) · 14 satisfied (23.22 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of Maharashtra | 5 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Bank Of Maharastra | 3 | 48.0 cr |
| The Shamrao Vithal Co-Op. Bank Ltd. | 2 | 48.0 cr |
| Sidbi | 1 | 48.0 cr |
Compliance Score: 83/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: Phatak Joshi & Co. on 2022-01-18.
- 2 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AJAY RAVINDRA VARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANITA RAVINDRA VARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDRA MOHANLAL VARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 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 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: AJAY RAVINDRA VARMA (Whole-time director) · RAVINDRA MOHANLAL VARMA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment83/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 3.03 cr already registered.
- Compliance record supports lending.
Investor view84/100
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 events30 Sep 2025
Last AGM held
Annual general meeting
28 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Jun 2024
Charge satisfied
Sidbi
09 Oct 2023
Charge created
Others - 3.03 cr
28 Sep 2023
Charge created
Others - 98.00 Lakh
06 May 2022
Charge satisfied
Bank Of Maharashtra
20 Apr 2022
Charge satisfied
Bank Of Maharashtra
05 Oct 2021
Charge created
Sidbi - 23.00 Lakh
22 Aug 2018
Director ceased
PRIYA NIKHIL TALWAR
01 Apr 2018
Director appointed
RAVINDRA MOHANLAL VARMA (Managing Director)
Director ceased
RAVINDRA MOHANLAL VARMA
31 Mar 2015
Share transfer (FY 2015)
344525.00000000 shares to RAVINDRA ANITA
25 Sep 2014
Director ceased
TEJENDRAPAL MOHANLAL VARMA
11 Dec 2012
Charge satisfied
Bank Of Maharashtra
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
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 1 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Marsman India Limited before audits and certifications: compliance score 83/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Marsman India 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: Favourable lending indicators. Credit risk score 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Marsman India Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Marsman India Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Marsman India Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Marsman India Limited an active company?
Marsman India Limited has MCA status “Active” with a compliance score of 83/100 (Low Risk).
Is Marsman India Limited financially healthy?
Marsman India Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Marsman India Limited?
Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Marsman India Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Marsman India Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 14 earlier charge(s) stand satisfied.
Is Marsman India Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 83/100 (Low Risk).
Is it risky to lend to Marsman India Limited?
Its Credit Risk Score is 75/100 (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.
