Neon Laboratories Limited - Due diligence report

A 360° intelligence report on Neon: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…

1982-06-22 Mumbai, Maharashtra Active Unlisted Active Compliant
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NL Neon Laboratories Limited
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  • Director details, charges & MCA documents
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Neon — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Neon is assessed as Low Risk with a Trust Score of 80/100. Neon is an active public limited indian non-government company incorporated in 1982, operating in the Pharma 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 17 Jul 2026 from the latest processed filings. Neon Laboratories Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
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 ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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 access

Scores 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.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 3 open (104.50 cr) · 30 satisfied (824.17 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India15 48.0 cr
Others9 48.0 cr
Tata Capital Financial Services Limited2 48.0 cr
Development Credit Bank Limited2 48.0 cr
Standard Chartered Bank2 48.0 cr
Sicom Ltd1 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 4 court forum(s).
  • 2 auditor resignation(s) filed - latest: Raju More & Associates on 2024-05-09.
  • 1 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
UTTAMCHAND KESHARIMAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
ASHOKKUMAR KESHRIMAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
ABHAY UTTAMCHAND JAIN 01234567 Director 01/04/2018 6 yrs Approved
PRAVIN KESHRIMAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
SIDDHARTH BHIKCHAND BHANSALI 01234567 Director 01/04/2018 6 yrs Approved
HITESH KIRAN KUMAR 01234567 Director 01/04/2018 6 yrs Approved
Hemali Pankaj Lodha 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • SIDDHARTH BHIKCHAND BHANSALI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
3
Group entities
3
Capital events
0 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Korten Pharmaceuticals Private Limited Subsidiary Company 74.00%
Vhb Life Sciences Limited Subsidiary Company 74.00%
Vhb Medi Sciences Limited Subsidiary Company 74.00%

Key managerial personnel: UTTAMCHAND KESHARIMAL JAIN (Whole-time director) · ASHOKKUMAR KESHRIMAL JAIN (Whole-time director) · ABHAY UTTAMCHAND JAIN (Whole-time director) · PRAVIN KESHRIMAL JAIN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
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.
  • 3 open charge(s) of 104.50 cr already registered.
  • Compliance record supports lending.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
22 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Director ceased
UTTAMCHAND KESHARIMAL JAIN
Director ceased
PRAVIN KESHRIMAL JAIN
Latest balance sheet
Filed with ROC
17 Mar 2025
Director appointed
SIDDHARTH BHIKCHAND BHANSALI (Additional Director)
Director appointed
Hemali Pankaj Lodha (Additional Director)
30 Aug 2023
Charge created
State Bank Of India - 75.00 cr
29 Aug 2022
Charge satisfied
Maharashtra State Financial Corproation
Charge satisfied
The Maharashtra State Financial Corporation
14 Oct 2021
Charge created
Standard Chartered Bank - 4.50 cr
06 Oct 2021
Charge created
State Bank Of India - 25.00 cr
17 Aug 2021
Charge satisfied
Sicom Ltd
23 Apr 2021
Charge satisfied
Standard Chartered Bank
04 Mar 2021
Charge satisfied
Others
01 Mar 2021
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue 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.
7 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Metrochem Api U24239TG2002PTC039223 Hyderabad, Telangana, India
Watson Pharma Private Limited U24230MH2005PTC156968 Mumbai, Maharashtra, India
Sajjan India U51900MH1983PLC030874 Mumbai, Maharashtra, India
Itw India U32301HR1979PTC038643 Ballabgarh, Haryana, India
Archroma International (India) Private Limited U20119MH2001PTC131020 Mumbai, Maharashtra, India
Sheel Oil & Fats U15549UR2009PTC032841 Kichha, Uttarakhand, India
Asianpaintsppg U24110MH2011PTC220557 Goregaon West, Maharashtra, India
Wockhardt L24230MH1999PLC120720 Aurangabad, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Neon before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Neon: 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 85/100, margin trends, ownership structure and peer set for Neon - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Neon 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 Neon - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Neon an active company?

Neon has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Neon financially healthy?

Neon has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Neon?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Neon?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Neon have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.

Is Neon up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Neon?

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.