Promoter holding
64.27%
SI
Saipem India Projects Private Limited - Due diligence report
A 360° intelligence report on Saipem India Projects Private Limited: trust score, financial health, credit view, compliance, directors, grow…
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Saipem India Projects Private Limited — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Saipem India Projects Private Limited is assessed as Low Risk with a Trust Score of 78/100. Saipem India Projects Private Limited is an active private limited indian non-government company incorporated in 2001, operating in the Engineering 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 moderate compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Saipem India Projects 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
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
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: 75/100 Low Risk
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 1 satisfied (1.50 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 2 auditor resignation(s) filed - latest: S. R. BATLIBOI & ASSOCIATES LLP on 2019-09-23.
- Delayed payments to MSME suppliers disclosed (10 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| EDGAR VAN STIJN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Stefano Villa | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Claudia Stocco | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KOZHALMANNAM PARAMESWARAN RAMASWAMY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
Saipem Sa
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 5 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Saipem Sa | Holding Company | 74.00% |
Key managerial personnel: EDGAR VAN STIJN (Whole-time director) · Stefano Villa (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 90.62 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
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 assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view76/100
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 events26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2024
Director ceased
Claudia Stocco
17 Jun 2024
Director appointed
Claudia Stocco (Director)
08 Mar 2024
Director appointed
Stefano Villa (Managing Director)
Director ceased
Stefano Villa
13 Oct 2023
Director appointed
EDGAR VAN STIJN (Whole-time director)
Director ceased
EDGAR VAN STIJN
23 Mar 2023
Director ceased
PAOLO PUZONE
31 Mar 2021
Share transfer (FY 2021)
1.00000000 shares to SAIPEM SA
24 Jan 2020
Director ceased
SCAFFIDI PIRAINO SANTO
Director ceased
SERRAVALLE FABRIZIO
23 Sep 2019
Director ceased
GIUSEPPE STANI
19 Mar 2019
Director ceased
MAURO GIOVANNETTI
Director ceased
GIANNI DI PIETRO
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Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Spacematrix | U74102KA2001PTC029676 | Bangalore, Karnataka, India |
| Kbr | U74210HR1995PTC046117 | Gurgaon, Haryana, India |
| Wsp Consultants | U72200UP2004PTC146086 | Noida, Uttar Pradesh, India |
| Mitsubishi Power India Private Limited | U29292DL2011FTC225628 | New Delhi, Delhi, India |
| Intertek India | U74220DL1997PTC202243 | New Delhi, Delhi, India |
| Shri Girija Alloy & Power (I) Private Limited | U27101AP2004PTC043091 | Rajahmundry, Andhra Pradesh, India |
| Man | U74999MH1989FTC050332 | Aurangabad, Maharashtra, India |
| Orientalindia | U45203DL2008PTC184135 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Saipem India Projects Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Saipem India Projects Private 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: Favourable lending indicators. Credit risk score 75/100, 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 Saipem India Projects Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Saipem India Projects Private Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Saipem India Projects Private Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Saipem India Projects Private Limited an active company?
Saipem India Projects Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Saipem India Projects Private Limited financially healthy?
Saipem India Projects Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Saipem India Projects Private Limited?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Saipem India Projects Private Limited?
The ultimate holding entity is Saipem Sa. 4 active director(s) are on record.
Does Saipem India Projects Private Limited have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Saipem India Projects Private Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Saipem India Projects Private Limited?
Its Credit Risk Score is 75/100 (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.
