Promoter holding
64.27%
SI
Spirax-Sarco India Private Limited - Due diligence report
A 360° intelligence report on Spiraxsarco: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Spiraxsarco — 360° Intelligence Report
Generated from MCA filings & public records87/100
Trust Score
Low Risk
Spiraxsarco is assessed as Low Risk with a Trust Score of 87/100. Spiraxsarco is an active private limited foreign company incorporated in india incorporated in 2013, operating in the Machinery and Equipment sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Spirax-Sarco India 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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
Charges position: 0 open (-) · 1 satisfied (15.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 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).
- 5 active GST registration(s).
Legal cases on record (1)
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Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| LEE SUAY WAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIRAM VAIDYANATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Swaminathan Chandrasekhar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 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
Spirax - Sarco Engineering Bv
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Spirax - Sarco Engineering Bv | Holding Company | 74.00% |
Key managerial personnel: SRIRAM VAIDYANATHAN (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
EPFO headcount growing - hiring signal.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence90/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view74/100
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 events29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Mar 2025
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
12 Jul 2024
Director appointed
Swaminathan Chandrasekhar (Company Secretary)
01 Oct 2022
Director ceased
VENKITARAMAN GOVINDARAJAN
29 Sep 2022
Director ceased
SRIRAM VAIDYANATHAN
02 Sep 2022
Director appointed
SRIRAM VAIDYANATHAN (Whole-time director)
29 Sep 2021
Director ceased
LEE SUAY WAH
Director ceased
NG SWEE MENG
29 Apr 2021
Director ceased
NEIL DAWS HARVEY
15 Apr 2021
Director appointed
LEE SUAY WAH (Director)
10 Sep 2020
Director ceased
KEVIN JAMES BOYD
24 Sep 2018
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 15.00 Lakh
10 May 2016
Director ceased
DAVID JOHN MEREDITH
28 Jan 2016
Securities allotted
1500000.00 Equity Shares - 60.00 cr raised
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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.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
5 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 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Reliable Wires & Engineers Private Limited | U27100MH2007PTC169106 | Nagpur, Maharashtra, India |
| Koyas Fasteners | U28991TZ2006PTC012994 | Coimbatore, Tamil Nadu, India |
| Otsuka Venus Automotive India Private Limited | U28113DL2011PTC219067 | New Delhi, Delhi, India |
| Earthmet Resources Private Limited | U74140CT2020PTC009885 | Raipur, Chattisgarh, India |
| Mack Springs Private Limited | U29290MH1980PTC023536 | Mumbai, Maharashtra, India |
| Sikka Metals Private Limited | U52590DL2011PTC229136 | New Delhi, Delhi, India |
| Rarewala Steels & Alloys Private Limited | U28910KA2010PTC053027 | Nelamangala, Karnataka, India |
| Shubh Ispat Private Limited | U27103OR2003PTC007066 | Rourkela, Orissa, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spiraxsarco 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 Spiraxsarco: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, 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 Spiraxsarco - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Spiraxsarco 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 Spiraxsarco - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Spiraxsarco an active company?
Spiraxsarco has MCA status “Active” with a compliance score of 93/100 (Low Risk).
Is Spiraxsarco financially healthy?
Spiraxsarco has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Spiraxsarco?
Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spiraxsarco?
The ultimate holding entity is Spirax - Sarco Engineering Bv. 3 active director(s) are on record.
Does Spiraxsarco have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Spiraxsarco 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 Spiraxsarco?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
