Thirani Projects Ltd. - Due diligence report

A 360° intelligence report on Thirani Projects: trust score, financial health, credit view, compliance, directors, growth and distress signa…

1983-07-16 Kolkata, West Bengal Active Listed Active Compliant
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TP Thirani Projects Ltd.
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Thirani Projects — 360° Intelligence Report

Generated from MCA filings & public records
67/100
Trust Score
Moderate

Thirani Projects is assessed as Moderate with a Trust Score of 67/100. Thirani Projects is an active public limited indian non-government company incorporated in 1983, operating in the Financial Services sector. Reported revenue has declined 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 moderate compliance risk and moderate financial risk profile.

Report generated on 07 Aug 2026 from the latest processed filings. Thirani Projects Ltd. snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

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 ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
53/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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 access

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.
  • No open charges - unencumbered balance sheet.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 53/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE, BSE, SEBI.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: MAROTI & ASSOCIATES on 2018-03-24.
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VAISHALI KUMARI SHAW 01234567 Director 01/04/2018 6 yrs Approved
NITESH SINGH 01234567 Director 01/04/2018 6 yrs Approved
PRITIKA CHORARIA 01234567 Director 01/04/2018 6 yrs Approved
YOGESH SHARMA 01234567 Director 01/04/2018 6 yrs Approved
SANTOSH CHORADIA 01234567 Director 01/04/2018 6 yrs Approved
SATYAM JAISWAL 01234567 Director 01/04/2018 6 yrs Approved
VIJAY KUMAR OJHA 01234567 Director 01/04/2018 6 yrs Approved
VIJAY KUMAR OJHA 01234567 Director 01/04/2018 6 yrs Approved
UTPAL DEY 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
1 allotment(s) · 0 transfer(s)

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

Key managerial personnel: VIJAY KUMAR OJHA (CFO) · VIJAY KUMAR OJHA (Whole-time director) · UTPAL DEY (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 43+ years.
Distress signals & risk flags
Losses deepening year-on-year.
Compliance score is weak (53/100).
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
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 assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 May 2026
Director ceased
Yogesh Sharma
25 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Aug 2021
Director appointed
SATYAM JAISWAL (Director)
Director appointed
VIJAY KUMAR OJHA (CFO)
Director appointed
VIJAY KUMAR OJHA (Whole-time director)
16 Aug 2021
Director ceased
RATHINDRA NATH GHOSH
Director ceased
SUBRATA PANJA
01 Aug 2020
Director appointed
VAISHALI KUMARI SHAW (Director)
03 Jun 2020
Director appointed
NITESH SINGH (Director)
Director appointed
PRITIKA CHORARIA (Director)
Director ceased
ARUN CHAKRABORTY
Director ceased
SUDARSON KAYORI
31 Oct 2019
Director appointed
SANTOSH CHORADIA (Director)
24 Aug 2019
Director ceased
KISHANLAL BHANSALI
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sintara Fincap Private Limited U65990MP2018PTC047107 Bhopal, Madhya Pradesh, India
Nidus Fin Private Limited U65923DL2016PTC291903 New Delhi, Delhi, India
Synergenius Growth Private Limited U69202MH2023PTC405911 Mumbai, Maharashtra, India
Bacchhat Investment & Finance Ltd L65993WB1991PLC050737 Kolkata, West Bengal, India
Sital Leasing And Finance Ltd L65910HR1983PLC050169 Gurgaon, Haryana, India
Patan Finance U67120PB1992PLC031415 Fatehgarhsahib, Punjab, India
Cheraman Financial Services Limited U65923KL2009PLC025082 Cochin, Kerala, India
Polyaka Investments Private Limited U65993RJ1997PTC013701 Jaipur, Rajasthan, India
12

Who Uses This Report

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

Verify Thirani Projects before audits and certifications: compliance score 53/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Thirani Projects: 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: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Thirani Projects - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Thirani Projects 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 Thirani Projects - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Thirani Projects an active company?

Thirani Projects has MCA status “Active” with a compliance score of 53/100 (Moderate).

Is Thirani Projects financially healthy?

Thirani Projects has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Thirani Projects?

Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Thirani Projects?

Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Thirani Projects have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Thirani Projects up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 53/100 (Moderate).

Is it risky to lend to Thirani Projects?

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.