Promoter holding
64.27%
NL
Nirlon Limited - Due diligence report
A 360° intelligence report on Nirlonltd: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Nirlonltd — 360° Intelligence Report
Generated from MCA filings & public records61/100
Trust Score
Moderate
Nirlonltd is assessed as Moderate with a Trust Score of 61/100. Nirlonltd is an active public limited indian non-government company incorporated in 1958, operating in the Real Estate and Construction 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 high compliance risk and moderate financial risk profile.
Report generated on 17 Aug 2026 from the latest processed filings. Nirlon 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
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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: 45/100 Caution Indicated
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Profitable - internal accruals available.
Charges position: 1 open (1,230.00 cr) · 8 satisfied (1,669.95 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Housing Development Finance Corporation Limited | 3 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Pnb Bank | 2 | 48.0 cr |
| Bank Of India | 2 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: CDSL, NSDL.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2018-08-06.
- Delayed payments to MSME suppliers disclosed (9 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJINDER PAL SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KUNNASAGARAN CHINNIAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL VIRENCHEE SAGAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANJALI KARAMNARAYAN SETH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JASMIN KIRIT BHAVSAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL VIRENCHEE SAGAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH B PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRESH HARIDAS RUPAREL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Arjun Khullar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JASMIN K BHAVSAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Manish Bhalchandra Parikh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jasmin K Bhavsar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- JASMIN K BHAVSAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 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 2025 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
Reco Berry Pvt. Ltd
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Reco Berry Pvt. Ltd | Holding Company | 74.00% |
Key managerial personnel: RAHUL VIRENCHEE SAGAR (CEO) · RAHUL VIRENCHEE SAGAR (Whole-time director) · MANISH B PARIKH (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Operating for 68+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (32/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 56.63 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence58/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 1,230.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view70/100
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 events26 Sep 2025
Director appointed
CHANDRESH HARIDAS RUPAREL (Director)
25 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Jun 2024
Director appointed
Arjun Khullar (Nominee Director)
22 Mar 2024
Director ceased
KUNAL VIRENCHEE SAGAR
05 Apr 2023
Director appointed
Manish Bhalchandra Parikh (Cfo)
01 Apr 2023
Director appointed
MANISH B PARIKH (CFO)
10 May 2022
Charge satisfied
Others
Charge satisfied
Housing Development Finance Corporation Limited
30 Apr 2022
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 1,230.00 cr
29 Sep 2021
Director ceased
SRIDHAR SRINIVASAN
01 Feb 2021
Director appointed
RAHUL VIRENCHEE SAGAR (CEO)
30 Sep 2020
Director ceased
MOOSA RAZA
Director ceased
ARJAN RAMCHAND GURBUXANI
13 May 2019
Director appointed
RAJINDER PAL SINGH (Director)
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% - leverage worth monitoring.
Net worth is positive.
12 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 minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Kalpataru | L45200MH1988PLC050144 | Mumbai, Maharashtra, India |
| Kirloskar Systems Private Limited | U34300KA1962PTC053582 | Bengaluru, Karnataka, India |
| Trans Asian Shipping Services Pvt Ltd | U63090KL1992PTC006824 | Kochi, Kerala, India |
| Iccpune | L45201PN2002PLC143638 | Pune City, Maharashtra, India |
| Mahindra World City Developers | U92490TN1997PLC037551 | Chennai.600 002, Tamil Nadu, India |
| Sree Rayalaseema Hi-Strength H | L24110AP2005PLC045726 | Kurnool Dist, Andhra Pradesh, India |
| Empire Industries (India) | L17120MH1900PLC000176 | Mumbai, Maharashtra, India |
| Brigade Tetrarch Private Limited | U70100KA1995PTC018247 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Nirlonltd before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Nirlonltd: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Nirlonltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Nirlonltd 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 Nirlonltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Nirlonltd an active company?
Nirlonltd has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Nirlonltd financially healthy?
Nirlonltd has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Nirlonltd?
Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Nirlonltd?
The ultimate holding entity is Reco Berry Pvt. Ltd. 12 active director(s) are on record.
Does Nirlonltd have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Nirlonltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Nirlonltd?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
