Promoter holding
64.27%
TP
Tirth Plastic Limited - Due diligence report
A 360° intelligence report on Tirth Plastic Limited: trust score, financial health, credit view, compliance, directors, growth and distress …
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Tirth Plastic Limited — 360° Intelligence Report
Generated from MCA filings & public records53/100
Trust Score
Moderate
Tirth Plastic Limited is assessed as Moderate with a Trust Score of 53/100. Tirth Plastic Limited is an active public limited indian non-government company incorporated in 1986, operating in the Plastics 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 moderate compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Tirth Plastic Limited 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 ScoreModerate
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Working-capital cover adequate.
Charges position: 1 open (27.56 Lakh) · 1 satisfied (25.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| G.S.F.C. | 1 | 48.0 cr |
| The General Co-Op Bank Ltd | 1 | 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: BSE, MCA.
- Litigation present in 3 court forum(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Nisha Kumari Vijay | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Dharmesh Kantilal Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GUNJAN MAHENDRA DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANDHYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JIGAR MUKESHBHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH HASMUKHLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aadesh Sunil Gadhave | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Abhishek Sanjay Hagwane | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- JIGAR MUKESHBHAI SHAH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
0 allotment(s) · 6 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: GUNJAN MAHENDRA DOSHI (CFO) · JIGAR MUKESHBHAI SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 60
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Operating for 39+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (50/100).
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence54/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment45/100
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 27.56 Lakh already registered.
- Compliance gaps should be priced into terms.
Investor view55/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events23 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Nov 2024
Director appointed
Abhishek Sanjay Hagwane (Cfo)
11 Nov 2024
Director appointed
Aadesh Sunil Gadhave (Additional Director)
Director ceased
GUNJAN MAHENDRA DOSHI
11 May 2024
Director ceased
Dharmesh Kantilal Shah
09 May 2024
Director appointed
JIGAR MUKESHBHAI SHAH (Managing Director)
14 Feb 2024
Director appointed
Dharmesh Kantilal Shah (Director)
11 Jan 2024
Director ceased
ASHISH HASMUKHLAL SHAH
18 Oct 2023
Director appointed
ASHISH HASMUKHLAL SHAH (Director)
27 Sep 2023
Director ceased
SHANDHYA
01 Nov 2021
Director appointed
Nisha Kumari Vijay (Company Secretary)
30 Oct 2021
Director ceased
Pareshkumar Viththalbhai Kalsariya
31 Dec 2019
Director appointed
SHANDHYA (Director)
Director ceased
SANGITA HITESHKUMAR PATEL
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net worth is positive.
8 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Armtex Rubber Private Limited | U25209MH1989PTC054677 | Mumbai, Maharashtra, India |
| G R Polyfilm Pvt Ltd | U25209WB1990PTC049788 | Kolkata, West Bengal, India |
| Pendo Packaging Private Limited | U36101DL2020PTC360536 | New Delhi, Delhi, India |
| Masstech Switchgears Private Limited | U29191WB1997PTC083430 | Kolkata, West Bengal, India |
| Kedia Plasto-Chem And Engineering Company Private Limited | U28920MH1982PTC027910 | Mumbai, Maharashtra, India |
| Tatva Plastics Pipes Private Limited | U25205UP2021PTC147621 | Sahjanwa, Uttar Pradesh, India |
| Emtico Tyre And Rubber Private Limited | U74899DL1988PTC031605 | New Delhi, Delhi, India |
| Shree Elastics Private Limited | U25192MP2005PTC017246 | Indore, Madhya Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Tirth Plastic Limited 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 Tirth Plastic Limited: 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 70/100, margin trends, ownership structure and peer set for Tirth Plastic Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Tirth Plastic Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Tirth Plastic Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Tirth Plastic Limited an active company?
Tirth Plastic Limited has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Tirth Plastic Limited financially healthy?
Tirth Plastic Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Tirth Plastic Limited?
Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Tirth Plastic Limited?
Promoters hold the largest single block of equity - exact percentages are in the full report. 8 active director(s) are on record.
Does Tirth Plastic Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Tirth Plastic Limited 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 Tirth Plastic Limited?
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.
