Promoter holding
64.27%
NC
Narmada Clean Tech - Due diligence report
A 360° intelligence report on Narmada Clean Tech: trust score, financial health, credit view, compliance, directors, growth and distress sig…
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Narmada Clean Tech — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Narmada Clean Tech is assessed as Low Risk with a Trust Score of 75/100. Narmada Clean Tech is an active public not for profit company incorporated in 2000, operating in the Environment 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 low compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Narmada Clean Tech 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
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 65/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 1 open (27.00 cr) · 4 satisfied (68.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of Baroda | 3 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Infrastructure Development Finance Co.Ltd | 1 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BHARATKUMAR POPATLAL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK AMARLAL PANJWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESHKUMAR JIVANLAL PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALDEVBHAI SOMDAS PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARTH RATILAL SUTHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIMALKANT RAMJIBHAI JETHVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UMESH FAKIRBHAI CHAUHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHIDAMBAR BIPIN MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVEENA DEVERAJAN KANNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RESHMA LALBIHARI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANURAG ASHOK KANDYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MENAT HIRALAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BAL KRISHAN CHOUDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Hardik Jayendrasinh Jadeja | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI BRIJMOHAN KAPOOR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEHULKUMAR KANTILAL VYAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 16 directors on the board.
- PRAVEENA DEVERAJAN KANNAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 7 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
Gujarat Industrial Development Corporation
Subsidiaries
-
Group entities
-
Capital events
14 allotment(s) · 4 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Gujarat Industrial Development Corporation | Holding Company | 74.00% |
Key managerial personnel: UMESH FAKIRBHAI CHAUHAN (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
6 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 27.00 cr already registered.
- Compliance record supports lending.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events30 Dec 2025
Last AGM held
Annual general meeting
31 Oct 2025
Director ceased
SHYAM SURESH BODHANKAR
30 Aug 2025
Director appointed
MENAT HIRALAL (Nominee Director)
13 Aug 2025
Director appointed
VIMALKANT RAMJIBHAI JETHVA (Nominee Director)
01 Aug 2025
Director ceased
HIMMATBHAI BALUBHAI SHELADIA
15 Jul 2025
Director ceased
RAMESHBHAI DHANJIBHAI BHAGORA
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Mar 2025
Director appointed
PRAVEENA DEVERAJAN KANNAN (Nominee Director)
01 Feb 2025
Director ceased
RAHUL BABULAL GUPTA
19 Dec 2024
Director appointed
Hardik Jayendrasinh Jadeja (Nominee Director)
06 Dec 2024
Director ceased
JIGAR BHARATBHAI DAVE
08 Aug 2024
Director ceased
JASUBHAI SENDHABHAI CHAUDHARY
06 Sep 2023
Director appointed
UMESH FAKIRBHAI CHAUHAN (CEO)
09 Aug 2023
Director appointed
PARTH RATILAL SUTHAR (Nominee Director)
Director ceased
BAJRANG WARLI CHHAGANBHAI
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
16 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
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 14 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| In | U74110DL2016PTC304699 | New Delhi, Delhi, India |
| Lars Enviro | U29197MH1997PTC109003 | Nagpur, Maharashtra, India |
| Unitop Aquacare Limited | U74999MH2018PLC308510 | Thane (W), Maharashtra, India |
| Hughes And Hughes Chem Limited | U24100DL1991PLC045290 | New Delhi, Delhi, India |
| Delhi Waste Management Najafgarh Private Limited | U90000KA2018PTC116770 | Bangalore North, Karnataka, India |
| Eco Fly E Waste Recycling Private Limited | U72900UP2019PTC124252 | Meerut, Uttar Pradesh, India |
| Knam Marketing Private Limited | U51909UP2010PTC134263 | Noida, Uttar Pradesh, India |
| A R C India Petroleum Private Limited | U11202TG2009PTC063249 | Secunderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Narmada Clean Tech before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Narmada Clean Tech: 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 65/100, 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 Narmada Clean Tech - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Narmada Clean Tech 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 Narmada Clean Tech - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Narmada Clean Tech an active company?
Narmada Clean Tech has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Narmada Clean Tech financially healthy?
Narmada Clean Tech has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Narmada Clean Tech?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Narmada Clean Tech?
The ultimate holding entity is Gujarat Industrial Development Corporation. 16 active director(s) are on record.
Does Narmada Clean Tech have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Narmada Clean Tech up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Narmada Clean Tech?
Its Credit Risk Score is 65/100 (Moderate). 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.
