Promoter holding
64.27%
PP
Payal Polyplast Private Limited - Due diligence report
A 360° intelligence report on Payal Group: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Payal Group — 360° Intelligence Report
Generated from MCA filings & public records84/100
Trust Score
Low Risk
Payal Group is assessed as Low Risk with a Trust Score of 84/100. Payal Group is an active private limited indian non-government company incorporated in 2010, operating in the Manufacturing 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 17 Jul 2026 from the latest processed filings. Payal Polyplast Private 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A-).
Charges position: 6 open (351.00 cr) · 17 satisfied (706.66 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 7 | 48.0 cr |
| Citi Bank N.A. | 2 | 48.0 cr |
| Others | 9 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
Compliance Score: 75/100 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: O. Aggarwal & Co. on 2022-09-24.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 7 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NIKHIL CHANDRA GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURENDRA SINGH NEGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Subikash Jena | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RISHI DEV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Piyush Jain | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 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 2024)
| 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 2024 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
2
Group entities
2
Capital events
4 allotment(s) · 5 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Payal Plastichem Private Limited | Subsidiary Company | 74.00% |
| Payal Plasticizers Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: NIKHIL CHANDRA GUPTA (Managing Director) · SURENDRA SINGH NEGI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 16+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
6 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 5.31 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence78/100
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 assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 351.00 cr already registered.
- Compliance record supports lending.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
18 May 2024
Director appointed
RISHI DEV (Company Secretary)
Director appointed
Piyush Jain (Cfo)
10 May 2024
Director appointed
Subikash Jena (Additional Director)
31 Mar 2024
Share transfer (FY 2024)
1337600.00000000 shares to Nikhil Chandra Gupta
03 Jan 2024
Charge satisfied
Citi Bank N.A.
22 Nov 2023
Charge created
Hdfc Bank Limited - 40.00 cr
13 Jul 2023
Charge satisfied
Others
02 Jun 2023
Charge created
State Bank Of India - 50.00 cr
28 Mar 2023
Charge created
Others - 60.00 cr
28 Feb 2023
Charge created
Citi Bank N.A. - 75.00 cr
31 Jan 2023
Charge created
Yes Bank Limited - 75.00 cr
27 Jun 2022
Charge satisfied
Others
31 May 2022
Director ceased
RAJENDER PRASHAD GUPTA
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A- from Care.
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.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| The Andhra Sugars | L15420AP1947PLC000326 | Tanuku (Mdl), Andhra Pradesh, India |
| Jay Chemical Industries | U24119GJ2000PTC037683 | Ahmedabad, Gujarat, India |
| Solvay | U74130GJ2005PTC062544 | Panoli, Gujarat, India |
| Lubrizol | U24297MH1991PTC248032 | Mumbai, Maharashtra, India |
| Isrl | U25190DL2010PTC205324 | Delhi, Delhi, India |
| Vesuvius | L26933WB1991PLC052968 | Kolkata, West Bengal, India |
| Corteva Agriscience India Private Limited | U20219TG1994PTC148982 | Hyderabad, Telangana, India |
| Arysta Lifescience | U51420MH1949PLC007856 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Payal Group before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Payal Group: 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 75/100, margin trends, ownership structure and peer set for Payal Group - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Payal Group 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 Payal Group - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Payal Group an active company?
Payal Group has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Payal Group financially healthy?
Payal Group has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Payal Group?
Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Payal Group?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Payal Group have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 17 earlier charge(s) stand satisfied.
Is Payal Group up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Payal Group?
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.
