Treadstone Limited - Due diligence report

A 360° intelligence report on Treadstone Limited: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1987-10-06 Kanpur, Uttar Pradesh Active Unlisted Active Compliant
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TL Treadstone Limited
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Treadstone Limited — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Treadstone Limited is assessed as Low Risk with a Trust Score of 77/100. Treadstone Limited is an active public limited indian non-government company incorporated in 1987, operating in the Manufacturing sector. Reported revenue has declined 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 16 Jul 2026 from the latest processed filings. Treadstone Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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 ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
58/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
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: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (14.07 cr) · 25 satisfied (84.12 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of Baroda13 48.0 cr
Axis Bank Limited4 48.0 cr
State Bank Of India3 48.0 cr
Indiabulls Financial Services Limited1 48.0 cr
Religare Finvest Limited1 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
Compliance Score: 58/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 3 auditor resignation(s) filed - latest: S P K & CO on 2019-06-24.
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
ALKA WADHWA 01234567 Director 01/04/2018 6 yrs Approved
KRISHNA KUMAR WADHWA 01234567 Director 01/04/2018 6 yrs Approved
Ram Sajiwan Yadav 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 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 2023 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
4
Group entities
5
Capital events
-

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

Group entityRelationship% held
Npu Realestate Private Limited Subsidiary Company 74.00%
Skyline Habitats Private Limited Subsidiary Company 74.00%
Treadstone Equestrian Private Limited Subsidiary Company 74.00%
Treadstone India Private Limited Subsidiary Company 74.00%
Rachnalok Housing Constructions Private Limited Associate Company 74.00%

Key managerial personnel: ALKA WADHWA (Whole-time director) · KRISHNA KUMAR WADHWA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (58/100).
3 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence69/100
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 assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 14.07 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view69/100
Mixed 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 events
09 Jan 2025
Director appointed
Ram Sajiwan Yadav (Additional Director)
27 Dec 2024
Director ceased
NIDHI WADHWA
25 Nov 2024
Charge created
State Bank Of India - 6.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
20 Jul 2022
Charge satisfied
Bank Of Baroda
24 Feb 2022
Charge created
State Bank Of India - 8.00 cr
23 Sep 2021
Charge created
Others - 7.00 Lakh
12 Jun 2019
Charge satisfied
Tata Capital Financial Services Limited
26 Apr 2019
Charge satisfied
Capri Global Capital Limited
18 Apr 2019
Charge satisfied
Bank Of Baroda
01 Mar 2019
Director ceased
SANMEET ANIL PATIL
21 Nov 2018
Charge satisfied
Religare Finvest Limited
19 Nov 2018
Charge satisfied
State Bank Of India
26 Oct 2018
Charge satisfied
Bank Of Baroda
10

Key Observations

Auto-generated from the data above
Revenue declined 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.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kraus Jeans U18109MH2020PTC351533 Mumbai, Maharashtra, India
Good Shoe Components Private Limited U19112TN2007PTC062811 Chennai, Tamil Nadu, India
Shiprel Textile Private Limited U18109UP2017PTC090549 Noida, Uttar Pradesh, India
Gerafe Knits Private Limited U17299MH2022PTC377266 Mumbai, Maharashtra, India
Evolver Techniques Private Limited U18100KA2019PTC124641 Bangalore, Karnataka, India
Azomo India Private Limited U29309UP2017PTC095253 Kanpur, Uttar Pradesh, India
Tech Tailor U74140KA2015PTC080780 Bangalore North, Karnataka, India
Vetex India Private Limited U17299TG2020PTC144057 Hyderabad, Telangana, India
12

Who Uses This Report

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

Verify Treadstone Limited before audits and certifications: compliance score 58/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Treadstone 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Treadstone Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Treadstone 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 Treadstone Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Treadstone Limited an active company?

Treadstone Limited has MCA status “Active” with a compliance score of 58/100 (Moderate).

Is Treadstone Limited financially healthy?

Treadstone Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Treadstone Limited?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Treadstone Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Treadstone Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 25 earlier charge(s) stand satisfied.

Is Treadstone Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 58/100 (Moderate).

Is it risky to lend to Treadstone Limited?

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.