Promoter holding
64.27%
PI
Pidilite Industries Limited - Due diligence report
A 360° intelligence report on Pidilite: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹349
50% off
New user
Or enjoy up to 50% off with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Pidilite — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Pidilite is assessed as Low Risk with a Trust Score of 75/100. Pidilite is an active public limited indian non-government company incorporated in 1969, operating in the Chemicals and Materials 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 low financial risk profile.
Report generated on 04 Jul 2026 from the latest processed filings. Pidilite Industries 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
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
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 ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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 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: 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 (AAA).
Charges position: 3 open (182.01 cr) · 70 satisfied (552.46 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Indian Overseas Bank | 30 | 48.0 cr |
| Idbi Trusteeship Services Limited | 2 | 48.0 cr |
| Indian Oversaes Bank | 1 | 48.0 cr |
| Abn Amro Bank N.V. | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Bank Of India | 5 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (431 disclosure(s)).
- 34 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VIVEK RAGHAVAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEENA GANESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP BATRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHANSHU VATS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAVINDER SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAGDISH SAKSENA DEEPAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHARAT TILAKRAJ PURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISHA RAKESH SHETTY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| APURVA NARENDRAKUMAR PAREKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MURALI SIVARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mr. Sandeep Batra | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY BALVANTRAY PAREKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MADHUKAR BALVANTRAY PAREKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV VASUDEVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP KATARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Swaminathan Krishnamurthy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 17 directors on the board.
- No disqualified or deactivated DINs.
- 10 director exits in 3 years - high churn.
- 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
6
Group entities
13
Capital events
40 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bhimad Commercial Company Private Limited | Subsidiary Company | 74.00% |
| Fevicol Company Limited | Subsidiary Company | 74.00% |
| Nebula East Africa Private Limited | Subsidiary Company | 74.00% |
| Nina Percept Bangladesh Pvt Ltd | Subsidiary Company | 74.00% |
| Nina Percept Private Limited | Subsidiary Company | 74.00% |
| Pidilite Bamco Ltd | Subsidiary Company | 74.00% |
| Pidilite Chemical Plc | Subsidiary Company | 74.00% |
| Pidilite Industries Egypt Sae | Subsidiary Company | 74.00% |
| Pidilite Industries Trading (shanghai) Co Ltd | Subsidiary Company | 74.00% |
| Pidilite Innovation Centre Pte Ltd | Subsidiary Company | 74.00% |
Key managerial personnel: SANDEEP BATRA (Whole-time director) · SUDHANSHU VATS (Managing Director) · KAVINDER SINGH (Whole-time director) · APURVA NARENDRAKUMAR PAREKH (Whole-time director) · Mr. Sandeep Batra (CFO) · MADHUKAR BALVANTRAY PAREKH (Whole-time director) · Swaminathan Krishnamurthy (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 56+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 director exits within 2 years.
Compliance score is weak (42/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 20.68 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 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.
- 3 open charge(s) of 182.01 cr already registered.
- Compliance gaps should be priced into terms.
Investor view90/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events10 Sep 2025
Director ceased
SANDEEP KATARIA
30 Aug 2025
Director appointed
SANDEEP KATARIA (Director)
06 Aug 2025
Last AGM held
Annual general meeting
01 Aug 2025
Director appointed
Swaminathan Krishnamurthy (Whole-time director)
Director ceased
Swaminathan Krishnamurthy
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Mar 2025
Director ceased
VIVEK RAGHAVAN
Director ceased
MEENA GANESH
22 Jan 2025
Director appointed
VIVEK RAGHAVAN (Director)
Director appointed
MEENA GANESH (Director)
06 Aug 2024
Director ceased
JAGDISH SAKSENA DEEPAK
Director ceased
RAJEEV GUPTA
01 Jul 2024
Director appointed
JAGDISH SAKSENA DEEPAK (Director)
20 May 2024
Director appointed
KAVINDER SINGH (Whole-time director)
Director ceased
KAVINDER SINGH
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
17 active director(s) / partner(s); board looks stable and experienced.
34 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AAA from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 40 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Mankind Pharma | L74899DL1991PLC044843 | New Delhi, Delhi, India |
| Bhagirad | L24219TG1993PLC015963 | Seri Lingampally, Telangana, India |
| Tergene Biotech | L24239TG1986PLC015190 | Hyderabad, Telangana, India |
| Srf | L18101DL1970PLC005197 | New Delhi, Delhi, India |
| Paradeep Phosphates | L24129OR1981PLC001020 | Bhubaneswar, Orissa, India |
| Polychem | L24100MH1955PLC009663 | Mumbai, Maharashtra, India |
| Zydus Lifesciences | L24230GJ1995PLC025878 | Ahmedabad, Gujarat, India |
| Rashtriya Chemicals And Fertilizers | L24110MH1978GOI020185 | Mumbai- 400 022., Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Pidilite before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Pidilite: 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 95/100, margin trends, ownership structure and peer set for Pidilite - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Pidilite 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 Pidilite - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Pidilite an active company?
Pidilite has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Pidilite financially healthy?
Pidilite has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Pidilite?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Pidilite?
Promoters hold a majority stake - exact percentages are in the full report. 17 active director(s) are on record.
Does Pidilite have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 70 earlier charge(s) stand satisfied.
Is Pidilite up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Pidilite?
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.
