Promoter holding
64.27%
VC
Vardhman Chemtech Limited - Due diligence report
A 360° intelligence report on Vardhmanchemtech: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Vardhmanchemtech — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Vardhmanchemtech is assessed as Moderate with a Trust Score of 72/100. Vardhmanchemtech is an active public limited indian non-government company incorporated in 1996, operating in the Pharma 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 19 Jul 2026 from the latest processed filings. Vardhman Chemtech 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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
28/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 75/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
Charges position: 1 open (25.00 cr) · 23 satisfied (869.07 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of Patiala | 9 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
| Edelweiss Asset Reconstruction Company Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 28/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BANKS, NCLT.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: Walker Chandiok & Co LLP on 2016-08-16.
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DEVANG MANHARLAL AJMERA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PIYUSH MANHARLAL AJMERA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVIN MANHARLAL AJMERA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHARVAN BHATT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 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 2015)
| 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
13 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Vardhman Life Sciences Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SHARVAN BHATT (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Compliance score is weak (28/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence57/100
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.
- 1 open charge(s) of 25.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view80/100
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 events30 Sep 2025
Charge satisfied
Hdfc Bank Limited
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
04 Aug 2022
Charge created
Hdfc Bank Limited - 62.00 cr
20 Jul 2022
Charge created
Hdfc Bank Limited - 25.00 cr
30 Nov 2021
Director ceased
DEVANG MANHARLAL AJMERA
Director ceased
PIYUSH MANHARLAL AJMERA
Director ceased
BHAVIN MANHARLAL AJMERA
21 Jul 2021
Director appointed
SHARVAN BHATT (Whole-time director)
22 Jun 2021
Charge satisfied
Allahabad Bank
31 May 2021
Charge satisfied
State Bank Of Patiala
29 May 2021
Charge satisfied
Idbi Bank Limited
20 Apr 2021
Securities allotted
20000 Debentures - 2.00 Lakh raised
30 Mar 2021
Securities allotted
100000 Equity Shares - 10.00 raised
08 Feb 2021
Charge satisfied
Religare Finvest Limited
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.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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 13 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Devansh Chemicals Private Limited | U24233DL2010PTC200801 | Delhi, Delhi, India |
| Gopaldas Visram And Company Limited | U52100MH2005PLC156917 | Mumabi, Maharashtra, India |
| Arkema Peroxides India Private Limited | U24111TN1985PTC011641 | Chennai 600 018, Tamil Nadu, India |
| Ostwal Phoschem (India) Limited | U26933RJ1989PLC032188 | Bhilwara, Rajasthan, India |
| Indo Gsp Chemicals Private Limited | U24299MH2021PTC433288 | Mumbai, Maharashtra, India |
| Krpl | U23201AP2003PTC111424 | Kakinada (Urban), Andhra Pradesh, India |
| Tera Panth Foods Limited | U15201GJ1997PLC032108 | Gandhidham, Gujarat, India |
| J P Petrochem Private Limited | U24111DL2005PTC133136 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vardhmanchemtech before audits and certifications: compliance score 28/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Vardhmanchemtech: 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 75/100, 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 Vardhmanchemtech - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Vardhmanchemtech 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 Vardhmanchemtech - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vardhmanchemtech an active company?
Vardhmanchemtech has MCA status “Active” with a compliance score of 28/100 (Caution Indicated).
Is Vardhmanchemtech financially healthy?
Vardhmanchemtech has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Vardhmanchemtech?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vardhmanchemtech?
Promoters hold a minority stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Vardhmanchemtech have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 23 earlier charge(s) stand satisfied.
Is Vardhmanchemtech up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 28/100 (Caution Indicated).
Is it risky to lend to Vardhmanchemtech?
Its Credit Risk Score is 75/100 (Low Risk). 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.
