Promoter holding
64.27%
MF
Muthoot Forex Limited - Due diligence report
A 360° intelligence report on Muthoot Forex: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Muthoot Forex — 360° Intelligence Report
Generated from MCA filings & public records90/100
Trust Score
Low Risk
Muthoot Forex is assessed as Low Risk with a Trust Score of 90/100. Muthoot Forex is an active public limited indian non-government company incorporated in 2000, operating in the Financial Services 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 16 Jul 2026 from the latest processed filings. Muthoot Forex 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
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 3 open (2.25 cr) · 3 satisfied (20.30 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 2 | 48.0 cr |
| Indusind Bank Limited | 1 | 48.0 cr |
| Idbi Bank Ltd | 1 | 48.0 cr |
| Canara Bank | 2 | 48.0 cr |
Compliance Score: 86/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 18 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANNA ALEXANDER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEORGE ALEXANDER MUTHOOT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KUTTICKATTU RAJAPPAN BIJIMON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KURIAN CHIRATHALATTU GEORGE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEORGE JACOB MUTHOOT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KIRAN GOPALAKRISHNA PILLAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jinil Jose | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sankarapillai Satheeshkumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Riya Teresa Konnully Augustus | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 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 2022)
| 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 2022 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
1
Group entities
1
Capital events
1 allotment(s) · 4 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Muthoot Global Uk Ltd | Subsidiary Company | 74.00% |
| Muthoot Finserve Usa Inc | Subsidiary Company | 74.00% |
| Muthoot Royalex Forex Services Private Limited | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 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 diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 2.25 cr already registered.
- Compliance record supports lending.
Investor view80/100
Positive growth 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 events30 Sep 2025
Director ceased
KURIAN CHIRATHALATTU GEORGE
Last AGM held
Annual general meeting
20 Aug 2025
Director ceased
ELIZABETH JACOB
14 May 2025
Charge created
Canara Bank - 25.00 Lakh
Charge created
Canara Bank - 9,000.00
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Dec 2024
Charge created
Others - 2.00 cr
30 Sep 2024
Director appointed
KIRAN GOPALAKRISHNA PILLAI (Director)
19 Aug 2024
Director appointed
Sankarapillai Satheeshkumar (Ceo)
Director appointed
Riya Teresa Konnully Augustus (Cfo)
27 May 2024
Director appointed
Jinil Jose (Company Secretary)
30 Sep 2022
Director appointed
KURIAN CHIRATHALATTU GEORGE (Director)
Director ceased
CHAMACHERIL MOHAN ABRAHAM
28 Sep 2019
Director ceased
MANOJ JACOB
31 Jul 2019
Director ceased
GOKUL RAVI VARMA
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2022 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.
| Company | CIN | Location |
|---|---|---|
| Mansukh Securities And Finance Limited | U74899DL1994PLC421095 | New Delhi, Delhi, India |
| Kapilchits | U65992TG2008PTC060803 | Hyderabad, Telangana, India |
| Poonawalla Investments And Industries Private Limited | U35106MH1974PTC017311 | Pune, Maharashtra, India |
| Mili Consultants And Investment Pvt Ltd | U74140MH1987PTC042137 | Mumbai, Maharashtra, India |
| Tara Minerals And Chemicals Private Limited | U24110MH1989PTC052401 | Mumbai, Maharashtra, India |
| Babli Investment Private Limited | U67190MH2021PTC359110 | Mumbai, Maharashtra, India |
| Cobalt Blue Securities And Investment Services Private Limited | U67120GJ2014PTC079093 | Vamaj, Gujarat, India |
| V I C Enterprises Private Ltd. | U65100DL1979PTC021613 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Muthoot Forex before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Muthoot Forex: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Muthoot Forex - 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 Muthoot Forex 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 Muthoot Forex - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Muthoot Forex an active company?
Muthoot Forex has MCA status “Active” with a compliance score of 86/100 (Low Risk).
Is Muthoot Forex financially healthy?
Muthoot Forex has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Muthoot Forex?
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 Muthoot Forex?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Muthoot Forex have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.
Is Muthoot Forex up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).
Is it risky to lend to Muthoot Forex?
Its Credit Risk Score is 85/100 (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.
