Promoter holding
64.27%
RI
Rishabh Instruments Limited - Due diligence report
A 360° intelligence report on Rushabh Instruments: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Rushabh Instruments — 360° Intelligence Report
Generated from MCA filings & public records82/100
Trust Score
Low Risk
Rushabh Instruments is assessed as Low Risk with a Trust Score of 82/100. Rushabh Instruments is an active public limited indian non-government company incorporated in 1982, operating in the Electrnoics 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 08 Jul 2026 from the latest processed filings. Rishabh Instruments 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
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 ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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 (BB+).
Charges position: 3 open (54.70 cr) · 16 satisfied (40.76 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 8 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Dbs Bank Ltd | 1 | 48.0 cr |
| State Bak Of India | 3 | 48.0 cr |
| Icici Banking Corporation Ltd. | 1 | 48.0 cr |
| State Bank Of India ` | 1 | 48.0 cr |
Compliance Score: 93/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 7 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NARENDRA JOHRIMAL GOLIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESHKUMAR MAHADEV MUSALEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATAKRISHNAN SUBRAMANIAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAKRISHNAN KOTTEKODE PARAPPATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASTHA ASHISH KATARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIDDHARTH NANDKISHORE BAFNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA BHASKAR BAGWE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATHIN KUMAR BANERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LUKASZ MEISSNER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- DINESHKUMAR MAHADEV MUSALEKAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 6 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| 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
-
Subsidiaries
1
Group entities
1
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Dhruv Enterprises Limited, Cyprus | Subsidiary Company | 74.00% |
| Lumel Alucast Sp. Z.o.o | Subsidiary Company | 74.00% |
| Lumel S.a., Poland | Subsidiary Company | 74.00% |
| Shanghai Va Instruments Co. Ltd. China | Subsidiary Company | 74.00% |
| Sifam Tinsley Instrumentation Inc. Us | Subsidiary Company | 74.00% |
| Energysolution Labs Private Limited | Subsidiary Company | 74.00% |
| Sifam Tinsley Instrumentation Limited Uk | Subsidiary Company | 74.00% |
Key managerial personnel: DINESHKUMAR MAHADEV MUSALEKAR (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 43+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
4 director exits within 2 years.
3 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment94/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 54.70 cr already registered.
- Compliance record supports lending.
Investor view84/100
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 events30 Jul 2025
Last AGM held
Annual general meeting
29 Jul 2025
Director ceased
VENKATAKRISHNAN SUBRAMANIAM
Director ceased
RAJENDRA BHASKAR BAGWE
27 May 2025
Director appointed
VENKATAKRISHNAN SUBRAMANIAM (Director)
Director appointed
RAJENDRA BHASKAR BAGWE (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Aug 2024
Director appointed
DINESHKUMAR MAHADEV MUSALEKAR (Whole-time director)
Director ceased
DINESHKUMAR MAHADEV MUSALEKAR
08 Aug 2024
Director ceased
NARENDRA JOHRIMAL GOLIYA
30 Oct 2023
Director ceased
KRISHNAN GANESAN
Director ceased
ALIPT SHARMA
26 Sep 2022
Director ceased
LUKASZ MEISSNER
23 Sep 2022
Director appointed
LUKASZ MEISSNER (Director)
21 Sep 2022
Director ceased
ASTHA ASHISH KATARIA
Director ceased
SIDDHARTH NANDKISHORE BAFNA
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% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); review board churn before relying on management continuity.
7 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BB+ from Crisil.
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 4 security allotment(s) - amounts available in the full report.
23 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Adc India Communications | L32209KA1988PLC009313 | Bengaluru, Karnataka, India |
| Hical | U31900KA2011PTC060176 | Bangalore, Karnataka, India |
| Frog Cellsat | L51909DL2004PLC127530 | Delhi, Delhi, India |
| Accord | U72200KA1991PTC012629 | Bangalore, Karnataka, India |
| Elmeasure | U68100KA2007PTC042474 | Bangalore, Karnataka, India |
| Srm Technologies Private Limited | U30009TN1999PTC042497 | Chetty Road,T.Nagar,Chennai-17, Tamil Nadu, India |
| Addverb | U74999UP2016PLC122944 | Gautam Buddha Nagar, Uttar Pradesh, India |
| Sparsh | U32106DL2005PTC144203 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Rushabh Instruments before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Rushabh Instruments: 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 75/100, margin trends, ownership structure and peer set for Rushabh Instruments - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Rushabh Instruments 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 Rushabh Instruments - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Rushabh Instruments an active company?
Rushabh Instruments has MCA status “Active” with a compliance score of 93/100 (Low Risk).
Is Rushabh Instruments financially healthy?
Rushabh Instruments has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Rushabh Instruments?
Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Rushabh Instruments?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Rushabh Instruments have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Rushabh Instruments up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).
Is it risky to lend to Rushabh Instruments?
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.
