Promoter holding
64.27%
SE
Swaraj Engines Ltd - Due diligence report
A 360° intelligence report on Swarajenterprise: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Swarajenterprise — 360° Intelligence Report
Generated from MCA filings & public records73/100
Trust Score
Moderate
Swarajenterprise is assessed as Moderate with a Trust Score of 73/100. Swarajenterprise is an active public limited indian non-government company incorporated in 1985, operating in the Automotive 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 21 Jul 2026 from the latest processed filings. Swaraj Engines Ltd 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
73/100
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
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
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
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: 90/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 3 open (2.40 cr) · 7 satisfied (10.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 6 | 48.0 cr |
| Industrial Finance Corporation Of India | 1 | 48.0 cr |
| Industrial Finance Corporation Of India Ltd. | 1 | 48.0 cr |
| The Industrial Credit & Investment Corporation Of India Ltd. | 1 | 48.0 cr |
| Indian Bank | 1 | 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: DSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NAGARAJAN SIVARAMAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJYA VARDHAN KANORIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARISH NAMDEO CHAVAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIJU KURIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIJU KURIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIKHILESH NATWARLAL PANCHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUNEET RENJHEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH KUMAR KAPILA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SMITA PIYUSH MANKAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Devjit Sarkar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAGANJOT SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Devjit Sarkar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2022)
| 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
-
Group entities
1
Capital events
13 allotment(s) · 19 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mahindra And Mahindra Limited | Associate Company | 74.00% |
Key managerial personnel: GIJU KURIAN (CEO) · GIJU KURIAN (Whole-time director) · MAHESH GUPTA (CFO) · Devjit Sarkar (Whole-time director)
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 40+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
3 director exits within 2 years.
Compliance score is weak (42/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 1.15 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
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 assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 2.40 cr already registered.
- Compliance gaps should be priced into terms.
Investor view84/100
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 events10 Dec 2025
Director ceased
GAGANJOT SINGH
17 Oct 2025
Director appointed
GAGANJOT SINGH (Director)
15 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Oct 2024
Director ceased
RAJYA VARDHAN KANORIA
19 Sep 2024
Director appointed
Devjit Sarkar (Ceo)
01 Sep 2024
Director appointed
Devjit Sarkar (Whole-time director)
Director ceased
Devjit Sarkar
31 Jul 2024
Director appointed
RAJYA VARDHAN KANORIA (Director)
29 Nov 2023
Charge satisfied
Indian Bank
01 Oct 2023
Director ceased
NEERA SAGGI
22 Sep 2023
Director ceased
SMITA PIYUSH MANKAD
01 Aug 2023
Director appointed
SMITA PIYUSH MANKAD (Director)
10 Dec 2022
Director ceased
PUNEET RENJHEN
23 Nov 2022
Charge satisfied
Canara Bank
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.
13 active director(s) / partner(s); board looks stable and experienced.
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 13 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| L&T Valves | U74999MH1961PLC012188 | Mumbai, Maharashtra, India |
| Milestone Global Limited. | L93000KA1990PLC011082 | Hoskote, Karnataka, India |
| Jyoti Cnc Automation | L29221GJ1991PLC014914 | Rajkot, Gujarat, India |
| Kse | L15331KL1963PLC002028 | Thrichur, Kerala, India |
| Merillife | U24239GJ2007PTC051137 | Vapi, Gujarat, India |
| Everestind | L74999MH1934PLC002093 | Nashik, Maharashtra, India |
| Doms | L36991GJ2006PLC049275 | Umbergaon, Gujarat, India |
| Mangalam Cement | L26943RJ1976PLC001705 | Distt. Kota, Rajasthan, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Swarajenterprise 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 Swarajenterprise: 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 90/100, 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 Swarajenterprise - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Swarajenterprise pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Swarajenterprise - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Swarajenterprise an active company?
Swarajenterprise has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Swarajenterprise financially healthy?
Swarajenterprise has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Swarajenterprise?
Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Swarajenterprise?
Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Swarajenterprise have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Swarajenterprise 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 Swarajenterprise?
Its Credit Risk Score is 90/100 (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.
