Promoter holding
64.27%
SM
Shilpa Medicare Limited - Due diligence report
A 360° intelligence report on Vbshilpa: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Vbshilpa — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Vbshilpa is assessed as Low Risk with a Trust Score of 78/100. Vbshilpa is an active public limited indian non-government company incorporated in 1987, operating in the Pharma 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 18 Aug 2026 from the latest processed filings. Shilpa Medicare 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 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 ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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: 70/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 7 open (122.80 cr) · 44 satisfied (1,670.23 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 6 | 48.0 cr |
| Axis Bank Limited | 6 | 48.0 cr |
| Standard Chartered Bank | 6 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 3 | 48.0 cr |
| Hdfc Bank Limited | 3 | 48.0 cr |
| Icici Bank Limited | 2 | 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: BSE, SEBI.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (69 disclosure(s)).
- 6 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANITA BANDYOPADHYAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALPESH MAHESHKUMAR DALAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISHNUKANTH CHATURBHUJ BHUTADA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HETAL MADHUKANT GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| REETU SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KALAKOTA REDDY SHARATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| OM PRAKASH INANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ritu Tiwary | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ashraf Loutfy Abdelhamid Allam | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 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 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
9
Group entities
12
Capital events
7 allotment(s) · 4 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Pilnova Pharma, Inc. | Subsidiary Company | 74.00% |
| Koanaa Healthcare Limited | Subsidiary Company | 74.00% |
| Shilpa Pharma Lifesciences Limited | Subsidiary Company | 74.00% |
| Ftf Pharma Private Limited | Subsidiary Company | 74.00% |
| Shilpa Biologicals Private Limited | Subsidiary Company | 74.00% |
| Shilpa Therapeutics Private Limited | Subsidiary Company | 74.00% |
| Shilpa Biocare Private Limited | Subsidiary Company | 74.00% |
| Sampra Corporate Holdings Private Limited | Subsidiary Company | 74.00% |
| Inm Technologies Private Limited | Subsidiary Company | 74.00% |
| Sravathi Advance Process Technologies Private Limited | Joint Ventures | 74.00% |
Key managerial personnel: ALPESH MAHESHKUMAR DALAL (CFO) · VISHNUKANTH CHATURBHUJ BHUTADA (Managing Director) · KALAKOTA REDDY SHARATH (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Operating for 38+ 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 (42/100).
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 1.69 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence64/100
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 assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 122.80 cr already registered.
- Compliance gaps should be priced into terms.
Investor view81/100
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 events23 Sep 2025
Last AGM held
Annual general meeting
03 Sep 2025
Charge satisfied
Others
13 Aug 2025
Director appointed
Ashraf Loutfy Abdelhamid Allam (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Aug 2024
Charge created
Others - 50.00 cr
05 Jul 2024
Charge satisfied
Idbi Bank Limited
06 Nov 2023
Charge satisfied
Axis Bank Limited
19 Oct 2023
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
08 Sep 2023
Charge satisfied
Hdfc Bank Limited
Charge satisfied
Citi Bank N.A.
22 Aug 2023
Charge satisfied
Standard Chartered Bank
04 Aug 2023
Charge created
Others - 450.00 cr
07 Jul 2023
Charge satisfied
Standard Chartered Bank
27 Mar 2023
Charge created
Standard Chartered Bank - 14.00 Lakh
27 Feb 2023
Charge created
Axis Bank Limited - 70.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 9 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Icra.
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 7 security allotment(s) - amounts available in the full report.
153 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Merchem | U24299WB1994PLC240045 | Kolkata, West Bengal, India |
| Hindustan Organic Chemicals | L99999KL1960GOI082753 | Kunnathunad, Kerala, India |
| Anlon Healthcare Limited | L24230GJ2013PLC077543 | Rajkot, Gujarat, India |
| Tanfac | L24117TN1972PLC006271 | Cuddalore 607005, Tamil Nadu, India |
| Bajaj Health | L99999MH1993PLC072892 | Thane West, Maharashtra, India |
| Hindys Lab Private Limited | U24100TG2007PTC055636 | Chityal, Telangana, India |
| Dfe Pharma | U24299TN2019FTC129309 | Cuddalore, Tamil Nadu, India |
| Punjab Alkalies & Chemicals Lt | L24119CH1975PLC003607 | Chandigarh, Chandigarh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vbshilpa 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 Vbshilpa: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Vbshilpa - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Vbshilpa 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 Vbshilpa - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vbshilpa an active company?
Vbshilpa has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Vbshilpa financially healthy?
Vbshilpa has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Vbshilpa?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vbshilpa?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Vbshilpa have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 44 earlier charge(s) stand satisfied.
Is Vbshilpa 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 Vbshilpa?
Its Credit Risk Score is 70/100 (Moderate). 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.
