Promoter holding
64.27%
VT
Va Tech Wabag Limited - Due diligence report
A 360° intelligence report on Wabag: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Wabag — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Wabag is assessed as Low Risk with a Trust Score of 78/100. Wabag is an active public limited indian non-government company incorporated in 1995, operating in the Environment sector. 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 24 Jul 2026 from the latest processed filings. Va Tech Wabag 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 ScoreModerate
60/100
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
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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 9 open (5,645.30 cr) · 39 satisfied (5,369.12 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 7 | 48.0 cr |
| State Bank Of India | 10 | 48.0 cr |
| Others | 9 | 48.0 cr |
| Icici Bank Limited | 4 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Punjab National Bank | 2 | 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: NCLT.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (117 disclosure(s)).
- 20 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VIJAYA SAMPATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SKANDAPRASAD SEETHARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBRAMANIAN VARADARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SKANDAPRASAD SEETHARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILESH KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIN KAIMAS MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT GOELA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anup Kumar Samal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANJIT SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILESH KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 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)
| 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
3
Group entities
5
Capital events
12 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Dk Sewage Project Private Limited, India | Subsidiary Company | 74.00% |
| Ghaziabad Water Solutions Private Limited, India | Subsidiary Company | 74.00% |
| Va Tech Wabag (philippines) Inc., Philippines | Subsidiary Company | 74.00% |
| Va Tech Wabag (singapore) Pte. Limited, Singapore | Subsidiary Company | 74.00% |
| Va Tech Wabag Brno Spol. S.r.o., Czech Republic | Subsidiary Company | 74.00% |
| Va Tech Wabag Deutschland, Gmbh.,germany | Subsidiary Company | 74.00% |
| Va Tech Wabag Gmbh., Austria | Subsidiary Company | 74.00% |
| Va Tech Wabag Su Teknolojisi Ve Tic. A.s , Turkey | Subsidiary Company | 74.00% |
| Va Tech Wabag Tunisie S.a.r.l., Tunisia | Subsidiary Company | 74.00% |
| Wabag Wassertechnik Ag, Switzerland | Subsidiary Company | 74.00% |
Key managerial personnel: SKANDAPRASAD SEETHARAMAN (CFO) · SUBRAMANIAN VARADARAJAN (Whole-time director) · SKANDAPRASAD SEETHARAMAN (CFO) · SHAILESH KUMAR (CEO) · RAJIV MITTAL (Managing Director) · SHAILESH KUMAR (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 90
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
9 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 8.85 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 assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 5,645.30 cr already registered.
- Compliance gaps should be priced into terms.
Investor view75/100
Positive growth 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 events12 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2024
Charge satisfied
State Bank Of India
12 Feb 2024
Charge created
Sbicap Trustee Company Limited - 91.50 cr
08 Feb 2024
Charge satisfied
Others
01 Dec 2023
Charge satisfied
State Bank Of India
30 Oct 2023
Director ceased
PANKAJ MALHAN
06 Oct 2023
Charge satisfied
Others
26 Sep 2023
Charge satisfied
Others
25 Sep 2023
Charge satisfied
Canara Bank
20 Jun 2023
Charge created
Sbicap Trustee Company Limited - 100.00 cr
Charge created
Idbi Trusteeship Services Limited - 144.50 cr
16 May 2023
Charge created
Others - 85.84 cr
07 Dec 2022
Director appointed
Anup Kumar Samal (Company Secretary)
15 Nov 2022
Director ceased
RAMANAN SWAMINATHAN
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% - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
20 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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.
Capital has been raised through 12 security allotment(s) - amounts available in the full report.
50 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Vishvaraj Environment Limited | U74999MH2008PLC186950 | Mumbai, Maharashtra, India |
| Toshiba-Water | U51909HR1984PTC083301 | Gurgaon, Haryana, India |
| Suez | U41000DL2017PTC318433 | New Delhi, Delhi, India |
| Jwil Infra Limited | U41000UP2006PLC069631 | Uttar Pradesh, Uttar Pradesh, India |
| Karnataka Neeravari Nigam Limited | U85110KA1998SGC024503 | Bangalore, Karnataka, India |
| Gujarat Water Infrastructure Limited | U41000GJ1999SGC036777 | Gandhinagar, Gujarat, India |
| The Idian Hume Pipe | L51500MH1926PLC001255 | Mmumbai, Maharashtra, India |
| Ionindia | L74999MH1964PLC014258 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Wabag 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 Wabag: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Wabag - 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 Wabag 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 Wabag - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Wabag an active company?
Wabag has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Wabag financially healthy?
Wabag has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Wabag?
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 Wabag?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Wabag have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 39 earlier charge(s) stand satisfied.
Is Wabag 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 Wabag?
Its Credit Risk Score is 60/100 (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.
