Timex Group India Limited - Due diligence report

A 360° intelligence report on Timex Group India: trust score, financial health, credit view, compliance, directors, growth and distress sign…

1988-10-04 New Delhi, Delhi Active Listed Active Compliant
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TG Timex Group India Limited
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Timex Group India — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Timex Group India is assessed as Moderate with a Trust Score of 68/100. Timex Group India is an active public limited indian non-government company incorporated in 1988, operating in the Consumer Goods 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 17 Jul 2026 from the latest processed filings. Timex Group India Limited snapshot & full profile →

Financial Health › Strong
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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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 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: 65/100 Moderate
  • Profitable - internal accruals available.

Charges position: 1 open (16.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE, BSE.
  • Litigation present in 4 court forum(s).
  • 10 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 35/100
NameDIN / PANDesignationAppointedTenureDIN status
DEEPAK CHHABRA 01234567 Director 01/04/2018 6 yrs Approved
DAVID THOMAS PAYNE 01234567 Director 01/04/2018 6 yrs Approved
AMIT JAIN 01234567 Director 01/04/2018 6 yrs Approved
Dhanashree Ajit Bhat 01234567 Director 01/04/2018 6 yrs Approved
Marco Zambianchi 01234567 Director 01/04/2018 6 yrs Approved
Amit Jain 01234567 Director 01/04/2018 6 yrs Approved
Dhiraj Kumar Maggo 01234567 Director 01/04/2018 6 yrs Approved
DHIRAJ KUMAR MAGGO 01234567 Director 01/04/2018 6 yrs Approved
MEETA MAKHAN 01234567 Director 01/04/2018 6 yrs Approved
SANJEEV KUMAR 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • SANJEEV KUMAR has DIN status "Disqualified by RoC u/s 164(2)".
  • 5 director exits in 3 years - high churn.
  • 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 2025 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
Timex Group Luxury Watches B.v.
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Timex Group Luxury Watches B.v. Holding Company 74.00%

Key managerial personnel: DEEPAK CHHABRA (Managing Director) · AMIT JAIN (CFO) · Amit Jain (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
Compliance score is weak (50/100).
1 open charge(s) registered - assets are encumbered.
4 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 assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 16.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view85/100
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 events
21 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Jun 2024
Charge created
Others - 16.00 cr
31 Mar 2024
Director ceased
GAGAN MAKAR SINGH
23 Mar 2024
Director ceased
Dhanashree Ajit Bhat
Director ceased
Marco Zambianchi
Director ceased
MEETA MAKHAN
Director ceased
SANJEEV KUMAR
01 Feb 2024
Director appointed
Dhanashree Ajit Bhat (Director)
Director appointed
Marco Zambianchi (Director)
Director appointed
MEETA MAKHAN (Director)
Director appointed
SANJEEV KUMAR (Director)
22 Nov 2022
Securities allotted
2500000 Preference Shares - 2.50 cr raised
04 Jun 2022
Director appointed
DEEPAK CHHABRA (Managing Director)
28 Mar 2022
Director ceased
DEEPAK CHHABRA
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% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
10 active GST registration(s) indicate ongoing business operations.
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 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bpl Medical Technologies U33110KA2012PTC067282 Bangalore North, Karnataka, India
Biorad Medisys U33111MH2000PTC265335 Mumbai, Maharashtra, India
Ashoka Cattle And Poultry Feeds Limited U15144BR2009PLC014894 Darbhanga, Bihar, India
Linc Pen & Plastics L36991WB1994PLC065583 Kolkata, West Bengal, India
Gna Gears Limited U34300PB1980PLC004154 Jalandhar, Punjab, India
Supremegroup U13999MH1984PTC033072 Mumbai, Maharashtra, India
Sawansukha Jewellers U51398WB1995PTC074603 Kolkata, West Bengal, India
Micro Life Sciences U24119GJ2006PTC048361 Vapi, Gujarat, India
12

Who Uses This Report

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

Verify Timex Group India before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Timex Group India: 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 65/100, 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 Timex Group India - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Timex Group India pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Timex Group India - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Timex Group India an active company?

Timex Group India has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Timex Group India financially healthy?

Timex Group India has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Timex Group India?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Timex Group India?

The ultimate holding entity is Timex Group Luxury Watches B.v.. 10 active director(s) are on record.

Does Timex Group India have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Timex Group India up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Timex Group India?

Its Credit Risk Score is 65/100 (Moderate). 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.