Techforce Composites Pvt Ltd - Due diligence report

A 360° intelligence report on Techforce Composites Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and di…

1997-03-25 Indore, Madhya Pradesh Active Unlisted Active Compliant
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TC Techforce Composites Pvt Ltd
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Techforce Composites Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Techforce Composites Pvt Ltd is assessed as Low Risk with a Trust Score of 84/100. Techforce Composites Pvt Ltd is an active private limited indian non-government company incorporated in 1997, operating in the Manufacturing 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 moderate compliance risk and low financial risk profile.

Report generated on 07 Aug 2026 from the latest processed filings. Techforce Composites Pvt Ltd snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

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 & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
58/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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.

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Scores 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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (B).

Charges position: 3 open (16.01 cr) · 7 satisfied (3.29 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Small Industries Devlopment Bank Of India1 48.0 cr
Hdfc Bank Limited1 48.0 cr
State Bank Of Indore Patrakar Coloney Branch1 48.0 cr
Technology Information1 48.0 cr
State Bank O Indore2 48.0 cr
Compliance Score: 58/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ABHIMANYU BAVEJA 01234567 Director 01/04/2018 6 yrs Approved
RAJAN BAVEJA 01234567 Director 01/04/2018 6 yrs Approved
BHARAT JAIN 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.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
1
Capital events
9 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Tech Force Wayand Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (58/100).
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 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.
  • 3 open charge(s) of 16.01 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 May 2025
Director appointed
ABHIMANYU BAVEJA (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
12 Sep 2022
Charge satisfied
Hdfc Bank Limited
30 Nov 2021
Director ceased
BUNTWAL ANIL BALIGA
18 Oct 2021
Charge created
Others - 4.74 cr
19 Aug 2021
Charge created
Others - 7.12 cr
Charge satisfied
Small Industries Devlopment Bank Of India
01 Jun 2021
Charge created
Hdfc Bank Limited - 70.00 Lakh
15 Mar 2021
Securities allotted
18250 Equity Shares - 1.00 cr raised
31 Dec 2020
Director ceased
BHARAT JAIN
26 Dec 2020
Securities allotted
18250 Equity Shares - 1.00 cr raised
03 Dec 2020
Director ceased
TAPAN MUKHERJI
28 Sep 2020
Director appointed
BHARAT JAIN (Director)
14 Aug 2020
Securities allotted
1250 Equity Shares - 20.13 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of B from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 9 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rane Axle And Pressing Private Limited U34300PN2007PTC130632 Khed, Maharashtra, India
Bhalotia Engineering Works Private Limited U74200JH1985PTC002196 Jamshedpur, Jharkhand, India
Ebara Machinery India Private Limited U74999MH2017FTC446768 Thane, Maharashtra, India
Choudhary Multispeciality Engineers Private Limited U74210MH2011PTC215193 Dombivli, Maharashtra, India
Vbros U74300HR1999PTC123690 Manesar, Haryana, India
Vishva Vishal Refractory Limited U28920MH1985PLC035656 Mumbai, Maharashtra, India
Aisglass U26109DL2004PLC127666 New Delhi, Delhi, India
Vikas Forgings Private Limited U74899DL1976PTC008164 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Techforce Composites Pvt Ltd before audits and certifications: compliance score 58/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Techforce Composites Pvt Ltd: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Techforce Composites Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Techforce Composites Pvt Ltd pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Techforce Composites Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Techforce Composites Pvt Ltd an active company?

Techforce Composites Pvt Ltd has MCA status “Active” with a compliance score of 58/100 (Moderate).

Is Techforce Composites Pvt Ltd financially healthy?

Techforce Composites Pvt Ltd has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Techforce Composites Pvt Ltd?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Techforce Composites Pvt Ltd?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Techforce Composites Pvt Ltd have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.

Is Techforce Composites Pvt Ltd up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 58/100 (Moderate).

Is it risky to lend to Techforce Composites Pvt Ltd?

Its Credit Risk Score is 70/100 (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.