Promoter holding
64.27%
SI
Sicagen India Limited - Due diligence report
A 360° intelligence report on Sicagen India: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Sicagen India — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Sicagen India is assessed as Moderate with a Trust Score of 72/100. Sicagen India is an active public limited indian non-government company incorporated in 2004, operating in the Chemicals and Materials 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 17 Jul 2026 from the latest processed filings. Sicagen India 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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
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 ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 2 open (75.00 cr) · 9 satisfied (91.88 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 3 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Tata Capital Financial Services Limited | 2 | 48.0 cr |
| Infrastructure Leasing And Financial Services Limited | 1 | 48.0 cr |
| Indusind Bank Ltd. | 1 | 48.0 cr |
Compliance Score: 30/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 10 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| CHANDRASEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUTHUKARRUPPAN OPPILAMANI AYYAPPAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BATCHU SAI PURSHOTHAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARMA NANDAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITA CHANDRASEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHWIN MUTHIAH CHIDAMBARAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ankita Jain | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOVINDARAJAN DATTATREYAN SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kannan Lalitha | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- 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
2
Group entities
2
Capital events
0 allotment(s) · 1 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Danish Steel Cluster Private Limited | Subsidiary Company | 74.00% |
| South India House Estates And Properties Limited | Subsidiary Company | 74.00% |
| Wilson Cables Private Ltd | Subsidiary Company | 74.00% |
Key managerial personnel: MUTHUKARRUPPAN OPPILAMANI AYYAPPAN (CFO) · VARMA NANDAKUMAR (Whole-time director) · Kannan Lalitha (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
Compliance score is weak (30/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 47.95 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence58/100
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 75.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view85/100
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 events05 Nov 2025
Director appointed
Kannan Lalitha (CFO)
31 Oct 2025
Director ceased
MUTHUKARRUPPAN OPPILAMANI AYYAPPAN
19 Sep 2024
Last AGM held
Annual general meeting
18 Sep 2024
Director ceased
BATCHU SAI PURSHOTHAM
Director ceased
DEVAKI ASHWIN MUTHIAH
Director ceased
GOVINDARAJAN DATTATREYAN SHARMA
11 Aug 2024
Director appointed
BATCHU SAI PURSHOTHAM (Director)
Director appointed
GOVINDARAJAN DATTATREYAN SHARMA (Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
22 Nov 2023
Charge satisfied
Tata Capital Financial Services Limited
09 Feb 2023
Director appointed
Ankita Jain (Company Secretary)
15 Dec 2022
Director ceased
VARMA NANDAKUMAR
03 Nov 2022
Director appointed
VARMA NANDAKUMAR (Whole-time director)
Charge satisfied
Andhra Bank
25 Jul 2022
Charge created
Hdfc Bank Limited - 45.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
10 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
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.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Timex Group India | L33301DL1988PLC033434 | New Delhi, Delhi, India |
| Al-Nasir Exports Private Limited | U15118DL2001PTC112548 | New Delhi, Delhi, India |
| Special Blasts Limited | U24292CT1988PLC004746 | Raipur, Chattisgarh, India |
| Dhar Coal Products Private Limited | U10101MP1991PTC006505 | Indore, Madhya Pradesh, India |
| Ariplutus Metals Private Limited | U15100GJ2019PTC105991 | Rajkot, Gujarat, India |
| Galaclean | U52390MH2009PTC191854 | Mumbai, Maharashtra, India |
| Contil India | L74110GJ1994PLC023444 | Baroda, Gujarat, India |
| Saraf Trexim | U01111WB2007PLC115133 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Sicagen India before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Sicagen India: 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 85/100, margin trends, ownership structure and peer set for Sicagen India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Sicagen India pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Sicagen India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Sicagen India an active company?
Sicagen India has MCA status “Active” with a compliance score of 30/100 (Caution Indicated).
Is Sicagen India financially healthy?
Sicagen India has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Sicagen India?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Sicagen India?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Sicagen India have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.
Is Sicagen India up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 30/100 (Caution Indicated).
Is it risky to lend to Sicagen India?
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.
