Promoter holding
64.27%
TN
Tulsyan Nec Limited - Due diligence report
A 360° intelligence report on Tulsyan Nec: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Tulsyan Nec — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Tulsyan Nec is assessed as Moderate with a Trust Score of 55/100. Tulsyan Nec is an active public limited indian non-government company incorporated in 1947, operating in the Metals and Minerals 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 high compliance risk and high financial risk profile.
Report generated on 20 Aug 2026 from the latest processed filings. Tulsyan Nec 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
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 35/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Externally credit-rated (D).
Charges position: 4 open (355.03 cr) · 100 satisfied (4,356.13 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 43 | 48.0 cr |
| Canara Bank (Lenders' Agent & Monitoring Institution) | 1 | 48.0 cr |
| Canara Bank(Leader) | 2 | 48.0 cr |
| Others | 4 | 48.0 cr |
| Syndicate Bank | 12 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO, BSE.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: C.A. PATEL & PATEL on 2016-04-15.
- Delayed payments to MSME suppliers disclosed (99 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY TULSYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALIT KUMAR TULSYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBRAMANIAN CHANDRASEKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOGYANATHAN PARTHASARATHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOMASUNDARAM PONSING MOHAN RAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI MUTHUSAMY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARVATI SONI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jagannathan Sumathi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANTHAKUMAR RAJAGOPAL IYER PRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
1
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Chitrakoot Steel And Power Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SANJAY AGARWALLA (Whole-time director) · SANJAY TULSYAN (Managing Director) · LALIT KUMAR TULSYAN (Managing Director) · SUBRAMANIAN CHANDRASEKER (Whole-time director) · SHANTHAKUMAR RAJAGOPAL IYER PRA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 60
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 79+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (32/100).
4 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 5.97 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence47/100
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 assessment33/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 355.03 cr already registered.
- Compliance gaps should be priced into terms.
Investor view48/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Jun 2026
Charge created
Others - 50.00 cr
17 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Aug 2024
Director appointed
Jagannathan Sumathi (Director)
09 May 2024
Charge satisfied
State Bank Of India
25 Apr 2024
Charge satisfied
Sundram Finance Ltd
Charge satisfied
Sundaram Finannce Ltd
02 Aug 2023
Charge satisfied
Sundaram Finannce Ltd
Charge satisfied
Industrial Development Bank Of India
Charge satisfied
United Commercial Bank
21 Jun 2023
Director appointed
SUBRAMANIAN CHANDRASEKER (Whole-time director)
Director appointed
RAVI MUTHUSAMY (Director)
12 Jun 2023
Charge satisfied
Canara Bank
Charge satisfied
Canara Bank (Lenders' Agent & Monitoring Institution)
31 May 2023
Charge created
Others - 269.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Care.
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.
| Company | CIN | Location |
|---|---|---|
| Scan Steels Limited | L27209MH1994PLC076015 | Mumbai, Maharashtra, India |
| Scan Energy & Power Limited | U27102OR2007PLC009177 | Bhubaneswar, Orissa, India |
| Sba Recycling Private Limited | U27106DL2013PTC256285 | New Delhi, Delhi, India |
| Crest Steel And Power | U27109CT2004PTC016643 | Rajnandgaon, Chattisgarh, India |
| Devi Iron And Power Private Limited | U27100MH2004PTC145461 | Panvel, Maharashtra, India |
| Mahamaya Steel Industries | L27107CT1988PLC004607 | Raipur,, Chattisgarh, India |
| Shilpa Steel & Power Limited | U27100MH1988PLC046038 | Nagpur, Maharashtra, India |
| Varrongroup | U29253MH2011PLC220578 | Chimnazari, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Tulsyan Nec before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Tulsyan Nec: 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: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Tulsyan Nec - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Tulsyan Nec 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 Tulsyan Nec - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Tulsyan Nec an active company?
Tulsyan Nec has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Tulsyan Nec financially healthy?
Tulsyan Nec has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Tulsyan Nec?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Tulsyan Nec?
Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Tulsyan Nec have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 100 earlier charge(s) stand satisfied.
Is Tulsyan Nec up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Tulsyan Nec?
Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
