Promoter holding
64.27%
SI
Sitson India Limited - Due diligence report
A 360° intelligence report on Sitson India: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Sitson India — 360° Intelligence Report
Generated from MCA filings & public records79/100
Trust Score
Low Risk
Sitson India is assessed as Low Risk with a Trust Score of 79/100. Sitson India is an active public limited indian non-government company incorporated in 1999, operating in the Automobile sector. Reported revenue has declined 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 25 Jul 2026 from the latest processed filings. Sitson 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 ScoreLow Risk
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A4).
Charges position: 2 open (75.00 cr) · 9 satisfied (64.13 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 7 | 48.0 cr |
| Canara Bank | 3 | 48.0 cr |
| Dombivli Nagari Sahakari Bank Ltd | 1 | 48.0 cr |
Compliance Score: 74/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MAYUR BHAMARE DILIP | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMRAO SONU NANDRIS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAYA RAMRAO NANDRIS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOOSAI GNANAM JOSEPH JOHNSON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DILIP SITARAM BHAMARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SWAPNIL RAMRAO NANDRE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KALPANA DILIP BHAMARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRIYA DILIP BHAMARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ramrao Sonu Nandris | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Milind Bhalchandra Kelkar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajendra Bhikaji Uparkar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- VIJAYA RAMRAO NANDRIS has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 4 director exits in 3 years - high churn.
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 2021 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
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Sitaram Sugars And Allied Industries Limited | Subsidiary Company | 74.00% |
| Sitson Power & Steels Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAMRAO SONU NANDRIS (CFO) · DILIP SITARAM BHAMARE (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 90
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment74/100
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 record supports lending.
Investor view75/100
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 Dec 2024
Director appointed
VIJAYA RAMRAO NANDRIS (Director)
Director appointed
KALPANA DILIP BHAMARE (Director)
12 Nov 2024
Charge created
Others - 43.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
24 Sep 2024
Director appointed
Milind Bhalchandra Kelkar (Director)
15 Jun 2024
Director ceased
SHRINIWAS YESHWANT JOSHI
Director ceased
DIPIKA BIYANI
31 Mar 2024
Latest balance sheet
Filed with ROC
02 Mar 2024
Charge satisfied
Others
01 Mar 2024
Director appointed
Ramrao Sonu Nandris (Cfo)
09 Feb 2024
Director appointed
SOOSAI GNANAM JOSEPH JOHNSON (Director)
15 Jan 2024
Director appointed
RAMRAO SONU NANDRIS (CFO)
14 Jan 2024
Director ceased
RAMRAO SONU NANDRIS
Director ceased
DILIP SITARAM BHAMARE
02 Jan 2024
Director appointed
Rajendra Bhikaji Uparkar (Company Secretary)
10
Key Observations
Auto-generated from the data aboveRevenue declined 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.
11 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A4 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 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 |
|---|---|---|
| Myung Sung Industrial Company India Private Limited | U29253PN2009PTC135122 | Chakan Pune, Maharashtra, India |
| Fybros Moddular Private Limited | U31900DL2015PTC425720 | New Delhi, Delhi, India |
| Avasarala | U85110KA1987PLC008228 | Bangalore, Karnataka, India |
| Imp Powers | L31300DN1961PLC000232 | Silvassa, Dadra & Nagar Haveli, India |
| Gx Group | U32204HR2013FTC112826 | Manesar, Haryana, India |
| Sebros Industries Private Limited | U28910DL2009PTC188585 | New Delhi, Delhi, India |
| Wabtec India Transportation Private Limited | U35122KA2015FTC144910 | Bengaluru, Karnataka, India |
| Indpower Technology Solutions Private Limited | U74999HR2017FTC125005 | Industrial Complex Dundahera, Haryana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Sitson India before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Sitson 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Sitson India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Sitson India 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 Sitson India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Sitson India an active company?
Sitson India has MCA status “Active” with a compliance score of 74/100 (Moderate).
Is Sitson India financially healthy?
Sitson India has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Sitson India?
Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Sitson India?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Sitson 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 Sitson India up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).
Is it risky to lend to Sitson India?
Its Credit Risk Score is 60/100 (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.
