Promoter holding
64.27%
TR
Titagarh Rail Systems Limited - Due diligence report
A 360° intelligence report on Titagarh: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Titagarh — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Titagarh is assessed as Low Risk with a Trust Score of 78/100. Titagarh is an active public limited indian non-government company incorporated in 1997, operating in the Transport and Logistics 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 high compliance risk and low financial risk profile.
Report generated on 28 Jun 2026 from the latest processed filings. Titagarh Rail Systems 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 ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
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
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 85/100 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.
Charges position: 86 open (6,703.93 cr) · 51 satisfied (7,305.20 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| Others | 27 | 48.0 cr |
| State Bank Of India | 12 | 48.0 cr |
| Uco Bank (Lead Bank) | 2 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Axis Bank Limited | 4 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, NCLT.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (50 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RASHMI CHOWDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRITHISH CHOWDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEBANJAN MANDAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAURAV SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAYANTARA PALCHOUDHURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BONTHA PRASADA RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUSHIL KUMAR ROONGTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ATUL RAVISHANKER JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAGDISH PRASAD CHOWDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHAN KUMAR JALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL KUMAR AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UMESH CHOWDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aditya Purohit | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2025)
| 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 2025 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
1
Group entities
2
Capital events
16 allotment(s) · 8 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Titagarh Bridges And International Private Limited | Subsidiary Company | 74.00% |
| Titagarh Firema S.p.a, Italy | Subsidiary Company | 74.00% |
| Titagarh Singapore Pte. Limited, Singapore | Subsidiary Company | 74.00% |
| Titagarh Mermec Private Limited | Joint Ventures | 74.00% |
Key managerial personnel: PRITHISH CHOWDHARY (Whole-time director) · SAURAV SINGHANIA (CFO) · JAGDISH PRASAD CHOWDHARY (Managing Director) · ANIL KUMAR AGARWAL (Whole-time director) · UMESH CHOWDHARY (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
86 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 4.17 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment77/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 86 open charge(s) of 6,703.93 cr already registered.
- Compliance gaps should be priced into terms.
Investor view83/100
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 events02 Mar 2026
Charge satisfied
Others
30 Dec 2025
Charge created
Sbicap Trustee Company Limited - 500.00 cr
15 Sep 2025
Last AGM held
Annual general meeting
05 Jun 2025
Director appointed
Aditya Purohit (Company Secretary)
29 May 2025
Charge satisfied
Hdfc Bank Limited
08 May 2025
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Feb 2025
Charge satisfied
Others
13 Feb 2025
Charge satisfied
Others
11 Feb 2025
Charge satisfied
Others
18 Dec 2024
Charge satisfied
State Bank Of India
Charge satisfied
Others
16 Dec 2024
Charge satisfied
Yes Bank Limited
04 Sep 2024
Charge created
Others - 50.00 cr
20 Aug 2024
Charge created
State Bank Of India - 400.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue 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.
13 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 16 security allotment(s) - amounts available in the full report.
24 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Federal-Mogul Goetze | L74899DL1954PLC002452 | Delhi, Delhi, India |
| Tenneco | U34300TZ1998PTC015231 | Hosur, Tamil Nadu, India |
| Ge | U35990DL2015PTC285220 | New Delhi, Delhi, India |
| Wabco-Auto | L34103TN2004PLC054667 | Chennai, Tamil Nadu, India |
| Electrotherm | L29249GJ1986PLC009126 | Ahmadabad City, Gujarat, India |
| Endurancegroup | L34102MH1999PLC123296 | Chhatrapati Sambhajinagar, Maharashtra, India |
| Eicher | L34102DL1982PLC129877 | New Delhi, Delhi, India |
| Hinduja Tech | L34101TN1948PLC000105 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Titagarh before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Titagarh: 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 85/100, 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 Titagarh - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Titagarh pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Titagarh - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Titagarh an active company?
Titagarh has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Titagarh financially healthy?
Titagarh has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Titagarh?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Titagarh?
Promoters hold the largest single block of equity - exact percentages are in the full report. 13 active director(s) are on record.
Does Titagarh have loans or charges against its assets?
86 open charge(s) are registered against its assets, and 51 earlier charge(s) stand satisfied.
Is Titagarh up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Titagarh?
Its Credit Risk Score is 85/100 (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.
