Promoter holding
64.27%
SI
Spml Infra Limited - Due diligence report
A 360° intelligence report on Spml Infra: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Spml Infra — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Spml Infra is assessed as Moderate with a Trust Score of 55/100. Spml Infra is an active public limited indian non-government company incorporated in 1981, operating in the Environment 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 high compliance risk and moderate financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Spml Infra 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
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 12 open (6,041.49 cr) · 48 satisfied (4,330.43 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 6 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Canara Bank | 2 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Indian Overseas Bank | 1 | 48.0 cr |
| Punjab National Bank | 3 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE, EPFO, BSE.
- Litigation present in 5 court forum(s).
- 1 auditor resignation(s) filed - latest: Walker Chandiok & Co LLP on 2016-09-07.
- Delayed payments to MSME suppliers disclosed (84 disclosure(s)).
- 18 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ABHINANDAN SETHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| THARUVAI VENUGOPAL RANGASWAMI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIVATSAN SIVASHANKAR TIRUVIDAIMARUDHUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUNDHUTI DHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mahendra Pal Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH CHAND SETHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUSHIL KUMAR SETHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOJ KUMAR DIGGA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEETA KARMAKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- RAJEEV KUMAR JAIN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 5 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 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
-
Subsidiaries
6
Group entities
17
Capital events
6 allotment(s) · 3 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bhagalpur Electricity Distribution Company Private Limited | Subsidiary Company | 74.00% |
| Spml Utilities Limited | Subsidiary Company | 74.00% |
| Spml Infrastructure Limited | Subsidiary Company | 74.00% |
| Madurai Municipal Waste Processing Company Private Limited | Subsidiary Company | 74.00% |
| Allahabad Waste Processing Company Limited | Subsidiary Company | 74.00% |
| Mathura Nagar Waste Processing Company Limited | Subsidiary Company | 74.00% |
| Doon Valley Waste Management Private Limited | Subsidiary Company | 74.00% |
| Sanmati Infradevelopers Private Limited | Subsidiary Company | 74.00% |
| Pondicherry Special Economic Zone Company Limited | Subsidiary Company | 74.00% |
| Bhilwara Jaipur Toll Road Private Limited | Associate Company | 74.00% |
Key managerial personnel: ABHINANDAN SETHI (Managing Director) · MANOJ KUMAR DIGGA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 65
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
5 director exits within 2 years.
Compliance score is weak (32/100).
12 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 17.63 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence49/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 12 open charge(s) of 6,041.49 cr already registered.
- Compliance gaps should be priced into terms.
Investor view57/100
Mixed 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 events10 Oct 2025
Director ceased
ABHINANDAN SETHI
Director ceased
RAJEEV KUMAR JAIN
24 Sep 2025
Last AGM held
Annual general meeting
03 Sep 2025
Director appointed
ABHINANDAN SETHI (Managing Director)
Director appointed
RAJEEV KUMAR JAIN (Director)
31 Jul 2025
Charge created
Indian Overseas Bank - 505.00 cr
16 Jun 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Dec 2024
Director ceased
Mahendra Pal Singh
Director ceased
NEETA KARMAKAR
24 Oct 2024
Director appointed
THARUVAI VENUGOPAL RANGASWAMI (Nominee Director)
21 Sep 2024
Director appointed
Mahendra Pal Singh (Director)
Director appointed
NEETA KARMAKAR (Director)
26 Aug 2024
Director ceased
MANOJ KUMAR DIGGA
30 May 2024
Director appointed
MANOJ KUMAR DIGGA (Whole-time director)
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 - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 6 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Zigma | U74999TZ2015PTC021251 | Erode, Tamil Nadu, India |
| Shree Ram Vessel Scrap Private Limited | U38300GJ1998PTC034693 | Bhavnagar, Gujarat, India |
| Sumeet Urban Services (Chennai) V Private Limited | U90000TN2020FTC134105 | Saidapet, Tamil Nadu, India |
| Global Waste Management Cell Private Limited | U90000MH2004PTC148722 | Mumbai, Maharashtra, India |
| Upl Environmental Engineers | U45300GJ1997PLC032696 | Ankleshwar, Gujarat, India |
| Delhi Msw Solutions Limited | U90001TG2009PLC063708 | Hyderabad, Telangana, India |
| Enviro | U45202GJ2001PTC039311 | Surat, Gujarat, India |
| Hyderabad Integrated Msw Limited | U90001TG2009PLC063407 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spml Infra before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spml Infra: 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: Enhanced diligence advised. Credit risk score 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Spml Infra - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Spml Infra 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 Spml Infra - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spml Infra an active company?
Spml Infra has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Spml Infra financially healthy?
Spml Infra has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Spml Infra?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spml Infra?
Promoters hold the largest single block of equity - exact percentages are in the full report. 10 active director(s) are on record.
Does Spml Infra have loans or charges against its assets?
12 open charge(s) are registered against its assets, and 48 earlier charge(s) stand satisfied.
Is Spml Infra up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Spml Infra?
Its Credit Risk Score is 30/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
