Promoter holding
64.27%
TC
Thermo Cables Ltd. - Due diligence report
A 360° intelligence report on Thermo Cables: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Thermo Cables — 360° Intelligence Report
Generated from MCA filings & public records81/100
Trust Score
Low Risk
Thermo Cables is assessed as Low Risk with a Trust Score of 81/100. Thermo Cables is an active public limited indian non-government company incorporated in 1990, 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 09 Jul 2026 from the latest processed filings. Thermo Cables 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 ScoreLow Risk
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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: 90/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A3).
Charges position: 2 open (215.00 cr) · 2 satisfied (177.16 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 2 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 74/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| UMA GHURKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIDHI GHURKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YASHWANTH KRISHNA PAPAGARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANUJ BIHANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Manikandan Nair Poothamkurissi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GHURKA CHETAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAM BABURAO WAGHAMODE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEDHA KABRA GHURKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- NIDHI GHURKA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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 2024 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
-
Capital events
6 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: Manikandan Nair Poothamkurissi (CFO) · GHURKA CHETAN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment88/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 215.00 cr already registered.
- Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events22 Sep 2025
Last AGM held
Annual general meeting
24 Sep 2024
Director ceased
NIDHI GHURKA
30 Aug 2024
Director appointed
NIDHI GHURKA (Director)
31 May 2024
Director appointed
RAM BABURAO WAGHAMODE (Company Secretary)
25 May 2024
Director ceased
DINESH KUMAR AGARWAL
31 Mar 2024
Share transfer (FY 2024)
253853.00000000 shares to Medha Pattem
Share transfer (FY 2024)
253853.00000000 shares to Nidhi Ghurka
Share transfer (FY 2024)
253854.00000000 shares to Chetan Ghurka.
Share transfer (FY 2024)
100.00000000 shares to Medha Kabra Ghurka
Latest balance sheet
Filed with ROC
24 Feb 2023
Director ceased
NANDKISHORE GHURKA
16 May 2022
Director ceased
UMA GHURKA
Director ceased
GHURKA CHETAN
23 Oct 2021
Director ceased
YASHWANTH KRISHNA PAPAGARI
17 Feb 2021
Director appointed
YASHWANTH KRISHNA PAPAGARI (Director)
10
Key Observations
Auto-generated from the data aboveRevenue 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.
8 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake 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 6 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Cheema Boilers | U29246PB1999PLC022583 | Mohali, Punjab, India |
| Orient Cables | U31300DL2005PLC140809 | New Delhi, Delhi, India |
| Takraf | U28990TN2008PTC101179 | Chennai, Tamil Nadu, India |
| Innomotics India Private Limited | U31909MH2022FTC379984 | Thane, Maharashtra, India |
| Right Tight Fasteners | U28991MH1979PTC021250 | Mumbai, Maharashtra, India |
| Technical Associates Limited | U70100UP1988PLC007884 | Lucknow, Uttar Pradesh, India |
| Goldi Solar | U40100MH2011PTC350073 | Mumbai, Maharashtra, India |
| Sew-Eurodrive India Private Limited | U34300GJ1997PTC037646 | Vadodara, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Thermo Cables before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Thermo Cables: 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 95/100, margin trends, ownership structure and peer set for Thermo Cables - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Thermo Cables pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Thermo Cables - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Thermo Cables an active company?
Thermo Cables has MCA status “Active” with a compliance score of 74/100 (Moderate).
Is Thermo Cables financially healthy?
Thermo Cables has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Thermo Cables?
Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Thermo Cables?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Thermo Cables have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Thermo Cables up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).
Is it risky to lend to Thermo Cables?
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.
