Promoter holding
64.27%
PI
Polar Industries Ltd - Due diligence report
A 360° intelligence report on Polarinc: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Polarinc — 360° Intelligence Report
Generated from MCA filings & public records42/100
Trust Score
Caution Indicated
Polarinc is assessed as Caution Indicated with a Trust Score of 42/100. Polarinc is an active public limited indian non-government company incorporated in 1982, operating in the Consumer Electronics & Durables sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 05 Aug 2026 from the latest processed filings. Polar Industries Ltd 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 ScoreCaution Indicated
42/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
Charges position: 20 open (192.28 cr) · 7 satisfied (27.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Punjab National Bank | 4 | 48.0 cr |
| Allahabad Bank | 2 | 48.0 cr |
| The Saraswat Co-Operative Bank Limited | 2 | 48.0 cr |
| Ifci Limited | 2 | 48.0 cr |
| Kkg Industries | 1 | 48.0 cr |
| Asset Reconstruction Company (India) Limited | 1 | 48.0 cr |
Compliance Score: 20/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: MCA, BSE, NSE.
- Litigation present in 3 court forum(s).
- 3 auditor resignation(s) filed - latest: JHAWER LALIT & ASSOCIATES on 2022-03-26.
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUNIL AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JOG LAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TUNNU MAHATO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL KUMAR AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- SUNIL AGARWAL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
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
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Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: ANIL KUMAR AGARWAL (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 70
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 44+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Negative net worth.
Compliance score is weak (20/100).
20 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence42/100
Caution indicated
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 assessment26/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 20 open charge(s) of 192.28 cr already registered.
- Compliance gaps should be priced into terms.
Investor view32/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Jul 2024
Charge satisfied
Idbi
07 Jan 2020
Director ceased
SUNIL AGARWAL
04 Jan 2020
Director appointed
JOG LAL (Director)
30 Nov 2018
Director appointed
TUNNU MAHATO (Director)
Director ceased
SUJIT KUMAR MONDAL
29 Apr 2015
Director ceased
INDRAJIT SUR
29 Sep 2012
Director ceased
KISHAN LAL SHARMA
25 Jan 2012
Director ceased
UDAY CHAND KUNGILWAR
10 Jan 2012
Director ceased
Samta Agarwal
02 May 2011
Charge created
The Saraswat Co-Operative Bank Limited - 9.00 cr
31 Mar 2011
Charge created
The Saraswat Co-Operative Bank Limited - 9.00 cr
30 Dec 2010
Charge satisfied
Kkg Industries
06 May 2010
Director ceased
PONDICHERRY SHIVASHANKAR RAVENDERNATH
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
4 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2024 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
Peer companies will appear here as our matching engine processes this industry.
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Polarinc before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Polarinc: 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Polarinc - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 42/100, distress signals and MSME payment-delay disclosures - know whether Polarinc 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 Polarinc - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Polarinc an active company?
Polarinc has MCA status “Active” with a compliance score of 20/100 (Caution Indicated).
Is Polarinc financially healthy?
Polarinc has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Polarinc?
Its overall Trust Score is 42/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Polarinc?
Promoters hold the largest single block of equity - exact percentages are in the full report. 4 active director(s) are on record.
Does Polarinc have loans or charges against its assets?
20 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Polarinc up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 20/100 (Caution Indicated).
Is it risky to lend to Polarinc?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
