Prime Rigs Limited - Due diligence report

A 360° intelligence report on Prime Rigs Limited: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1995-05-01 New Delhi, Delhi Active Unlisted Active Compliant
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Prime Rigs Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Prime Rigs Limited is assessed as Moderate with a Trust Score of 73/100. Prime Rigs Limited is an active public limited indian non-government company incorporated in 1995, operating in the Machinery and Equipment 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 31 Jul 2026 from the latest processed filings. Prime Rigs Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Weak

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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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.

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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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Profitable - internal accruals available.

Charges position: 1 open (50.00 Lakh) · 2 satisfied (53.20 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • Litigation present in 3 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SURINDER MEHTA 01234567 Director 01/04/2018 6 yrs Approved
ARCHNA MEHTA 01234567 Director 01/04/2018 6 yrs Approved
VENKATESH BABU SUNDARAGIRI 01234567 Director 01/04/2018 6 yrs Approved
ABHIJEET PRAKASH 01234567 Director 01/04/2018 6 yrs Approved
VENKATESH BABU SUNDARAGIRI 01234567 Director 01/04/2018 6 yrs Approved
ROHAN MEHTA 01234567 Director 01/04/2018 6 yrs Approved
ANIL SETHI 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2023 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
Prime Power Corporation Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Prime Power Corporation Limited Holding Company 74.00%

Key managerial personnel: VENKATESH BABU SUNDARAGIRI (CEO) · VENKATESH BABU SUNDARAGIRI (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Asset base grew 1.42 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Compliance score is weak (38/100).
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence61/100
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 assessment56/100
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 50.00 Lakh already registered.
  • Compliance gaps should be priced into terms.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
07 Jul 2025
Charge satisfied
Others
18 Jun 2025
Charge created
Others - 50.00 Lakh
01 Apr 2025
Director appointed
ANIL SETHI (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
01 Jan 2022
Director appointed
VENKATESH BABU SUNDARAGIRI (CEO)
29 Nov 2021
Director ceased
VENKATESH BABU SUNDARAGIRI
Director ceased
ABHIJEET PRAKASH
23 Aug 2021
Director appointed
ABHIJEET PRAKASH (Director)
31 Dec 2019
Charge created
Others - 26.60 Lakh
28 Nov 2019
Charge created
Others - 26.60 Lakh
25 Sep 2019
Director ceased
ARCHNA MEHTA
02 Aug 2019
Director ceased
VIJAY SARPAL
26 Jul 2019
Director appointed
ARCHNA MEHTA (Director)
27 Mar 2017
Securities allotted
290000 Equity Shares - 29.00 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
N. N Doshi And Sons Private Limited U31905CT2020PTC010626 Raipur, Chattisgarh, India
Jks Matches Private Limited U24291TN2010PTC076385 Kovilpatti, Tamil Nadu, India
Yantra Kaushalya Engineers Private Limited U29268GJ2006PTC049276 Vitthal Udoygnagar, Gujarat, India
Diamond Pipe Supports Private Limited U74900MH2007PTC170970 Mumbai, Maharashtra, India
Safayar Ceramics Private Limited U26914GJ2011PTC064947 Ahmedabad, Gujarat, India
Panchmukhi Yarns & Twines Private Limited U17232WB2004PTC099985 Kolkata, West Bengal, India
Shivam Photovoltaics U29307GJ2012PTC071977 Bavla, Gujarat, India
Island Hydraulics (I) Private Limited U29119KA2005PTC035715 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Prime Rigs Limited before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Prime Rigs Limited: 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 50/100, 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 Prime Rigs Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Prime Rigs Limited 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 Prime Rigs Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Prime Rigs Limited an active company?

Prime Rigs Limited has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Prime Rigs Limited financially healthy?

Prime Rigs Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Prime Rigs Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Prime Rigs Limited?

The ultimate holding entity is Prime Power Corporation Limited. 7 active director(s) are on record.

Does Prime Rigs Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Prime Rigs Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Prime Rigs Limited?

Its Credit Risk Score is 50/100 (Moderate). 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.