Promoter holding
64.27%
VR
Vikas Roadways Carriers Limited - Due diligence report
A 360° intelligence report on Vikas Road Carriers: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Vikas Road Carriers — 360° Intelligence Report
Generated from MCA filings & public records69/100
Trust Score
Moderate
Vikas Road Carriers is assessed as Moderate with a Trust Score of 69/100. Vikas Road Carriers is an active public limited indian non-government company incorporated in 1995, operating in the Transport and Logistics 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 high compliance risk and moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Vikas Roadways Carriers 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
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
44/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
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 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 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.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A4).
Charges position: 38 open (60.43 cr) · 3 satisfied (21.06 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 13 | 48.0 cr |
| Punjab & Sind Bank | 2 | 48.0 cr |
| Hdfc Bank Limited | 24 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Citi Bank | 1 | 48.0 cr |
Compliance Score: 44/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: MCA.
- Litigation present in 2 court forum(s).
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| IQBAL KAUR CHADHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DAMANDEIP SINGH SATVINDER CHADHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATVINDER SINGH CHADHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 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 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
2
Group entities
2
Capital events
3 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Vikas Quick Movers Private Limited | Subsidiary Company | 74.00% |
| Vikas Okhara Warehousing And Estate Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SATVINDER SINGH CHADHA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 75
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (44/100).
38 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
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 assessment45/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 38 open charge(s) of 60.43 cr already registered.
- Compliance gaps should be priced into terms.
Investor view62/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2024
Last AGM held
Annual general meeting
29 Jun 2024
Charge created
Others - 4.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
07 Oct 2023
Charge created
Others - 1.70 cr
18 Oct 2022
Charge created
Others - 46.64 Lakh
03 Aug 2022
Charge created
Others - 1.14 cr
03 Jun 2022
Charge created
Others - 43.37 Lakh
Charge created
Others - 65.40 Lakh
27 Apr 2022
Charge created
Others - 1.50 cr
Charge created
Others - 59.73 Lakh
02 Mar 2020
Charge created
Hdfc Bank Limited - 1.77 cr
20 Oct 2018
Director ceased
DARSHIT INDRAVADAN SHAH
Director ceased
SATYENDRA MOHANLAL SARUPRIA
18 Oct 2018
Director ceased
RAHUL LODHA
31 Mar 2018
Share transfer (FY 2018)
94580.00000000 shares to HUF Singh Chaddha Satvinder
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Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A4 from Crisil.
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.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Bullet Trans Solutions Private Limited | U60200KA2015PTC080144 | Bangalore, Karnataka, India |
| Premium Infra Logistics Private Limited | U63090WB2011PTC166650 | Kolkata, West Bengal, India |
| Max Transtech Limited | U00703CH2006PLC029512 | Chandiarh, Chandigarh, India |
| Kailashshipping | U35110TN1985PTC012326 | Egmore Nungambakka, Tamil Nadu, India |
| Jupiter Express Carrier Private Limited | U60200DL2011PTC220771 | Delhi, Delhi, India |
| Naveen Oil Carrier Private Limited | U60200WB2009PTC131747 | Kolkata, West Bengal, India |
| Brahamputra Cargo Carriers Private Limited | U63000DL2011PTC217535 | Delhi, Delhi, India |
| Super India (Global) Logistics Private Limited | U60200HR2015PTC054777 | Sadar Bazar, Haryana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vikas Road Carriers before audits and certifications: compliance score 44/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Vikas Road Carriers: 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 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 Vikas Road Carriers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Vikas Road Carriers pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Vikas Road Carriers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vikas Road Carriers an active company?
Vikas Road Carriers has MCA status “Active” with a compliance score of 44/100 (Caution Indicated).
Is Vikas Road Carriers financially healthy?
Vikas Road Carriers has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Vikas Road Carriers?
Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vikas Road Carriers?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Vikas Road Carriers have loans or charges against its assets?
38 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.
Is Vikas Road Carriers up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 44/100 (Caution Indicated).
Is it risky to lend to Vikas Road Carriers?
Its Credit Risk Score is 35/100 (Caution Indicated). 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.
