Tecso Charge Zone Limited - Due diligence report

A 360° intelligence report on Charge+Zone: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

2018-07-23 Vadodara, Gujarat Active Unlisted Active Compliant
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Charge+Zone — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Charge+Zone is assessed as Low Risk with a Trust Score of 76/100. Charge+Zone is an active public limited indian non-government company incorporated in 2018, operating in the Automotive 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 09 Aug 2026 from the latest processed filings. Tecso Charge Zone Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
85/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 6 open (250.86 cr) · 2 satisfied (12.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Hdfc Bank Limited1 48.0 cr
State Bank Of India2 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited1 48.0 cr
Compliance Score: 85/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (20 disclosure(s)).
  • 25 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
SOLOMON JAMES PROOPS 01234567 Director 01/04/2018 6 yrs Approved
KARTIKEY BABUBHAI HARIYANI 01234567 Director 01/04/2018 6 yrs Approved
KINNARI KARTIKEY HARIYANI 01234567 Director 01/04/2018 6 yrs Approved
PAWANKUMAR MITTAL 01234567 Director 01/04/2018 6 yrs Approved
KULDIPKUMAR DAYARAM KAURA 01234567 Director 01/04/2018 6 yrs Approved
MAHEEP JAIN 01234567 Director 01/04/2018 6 yrs Approved
RAVINDRA MOHAN 01234567 Director 01/04/2018 6 yrs Approved
Manish Madhogaria 01234567 Director 01/04/2018 6 yrs Approved
Kartikey Babubhai Hariyani 01234567 Director 01/04/2018 6 yrs Approved
Anuj Kirti Sharma 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2024)
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 2024 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
-
Group entities
-
Capital events
35 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: KARTIKEY BABUBHAI HARIYANI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 17.77 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment61/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 250.86 cr already registered.
  • Compliance record supports lending.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 May 2026
Director appointed
Anuj Kirti Sharma (Company Secretary)
14 Apr 2026
Charge created
State Bank Of India - 4.55 cr
03 Dec 2025
Charge created
State Bank Of India - 6.79 cr
02 Dec 2025
Charge satisfied
Others
29 Nov 2025
Last AGM held
Annual general meeting
08 Aug 2025
Director appointed
Manish Madhogaria (Cfo)
14 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Feb 2025
Director ceased
PRIYADARSHAN SURESHCHANDRA BHATEWARA
19 Nov 2024
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 10.00 cr
29 Sep 2024
Director ceased
PAWANKUMAR MITTAL
03 Jul 2024
Director appointed
PAWANKUMAR MITTAL (Director)
10 Jun 2024
Director appointed
Kartikey Babubhai Hariyani (Ceo)
07 Jun 2024
Charge created
Others - 150.00 cr
11 Apr 2024
Director ceased
SOLOMON JAMES PROOPS
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
10 active director(s) / partner(s); board looks stable and experienced.
25 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 35 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Adtech L33111TN1990PLC018678 Neelankarai, Tamil Nadu, India
A2Zgroup L74999HR2002PLC034805 Gurgaon, Haryana, India
Vasudev Power Private Limited U40100GJ2010PTC061608 Surat, Gujarat, India
Bharat Carbonates Private Limited U24321GJ1997PTC032820 Surat, Gujarat, India
Enn Enn Corp Limited U74900MH2007PLC189457 Mumbai, Maharashtra, India
Inox Clean Energy Limited U40300GJ2017PLC099852 Vadodara, Gujarat, India
Leap Green Energy U70101TZ2006PTC013130 Coimbatore, Tamil Nadu, India
Applied Solar Technologies U70102DL2008PTC226945 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Charge+Zone before audits and certifications: compliance score 85/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Charge+Zone: 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 45/100, 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 Charge+Zone - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Charge+Zone 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 Charge+Zone - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Charge+Zone an active company?

Charge+Zone has MCA status “Active” with a compliance score of 85/100 (Low Risk).

Is Charge+Zone financially healthy?

Charge+Zone has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Charge+Zone?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Charge+Zone?

Promoters hold the largest single block of equity - exact percentages are in the full report. 10 active director(s) are on record.

Does Charge+Zone have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Charge+Zone up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 85/100 (Low Risk).

Is it risky to lend to Charge+Zone?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.