Visagar Polytex Limited - Due diligence report

A 360° intelligence report on Visagar: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…

1983-06-16 Mumbai, Maharashtra Active Listed Active Compliant
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VP Visagar Polytex Limited
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Visagar — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

Visagar is assessed as Moderate with a Trust Score of 60/100. Visagar is an active public limited indian non-government company incorporated in 1983, operating in the Manufacturing sector. Reported revenue has declined 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 moderate compliance risk and moderate financial risk profile.

Report generated on 13 Aug 2026 from the latest processed filings. Visagar Polytex Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 2 open (8.41 cr) · 1 satisfied (16.95 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited2 48.0 cr
State Bank Of India1 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: NSE, BSE.
  • Litigation present in 2 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
SACHIN MEHTA 01234567 Director 01/04/2018 6 yrs Approved
KULDEEP KUMAR 01234567 Director 01/04/2018 6 yrs Approved
VIKRAMJIT SINGH GILL 01234567 Director 01/04/2018 6 yrs Approved
PARUL GUPTA 01234567 Director 01/04/2018 6 yrs Approved
SACHIN CHANDRAKANT MEHTA 01234567 Director 01/04/2018 6 yrs Approved
KAUSHAL SINGH YADAV 01234567 Director 01/04/2018 6 yrs Approved
MADHU BALA VAISHNAV 01234567 Director 01/04/2018 6 yrs Approved
TILOKCHAND MANAKLAL KOTHARI 01234567 Director 01/04/2018 6 yrs Approved
Sachin Mehta 01234567 Director 01/04/2018 6 yrs Approved
Vikasjeet Singh 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • KULDEEP KUMAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
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 2021 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
-
Group entities
-
Capital events
6 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: SACHIN MEHTA (CFO) · SACHIN CHANDRAKANT MEHTA (CFO) · TILOKCHAND MANAKLAL KOTHARI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 43+ 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 (56/100).
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence58/100
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 assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 8.41 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view48/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
13 Aug 2025
Director appointed
Vikasjeet Singh (Director)
10 Jun 2025
Director ceased
Dhruv Hitesh Ajani
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Mar 2025
Director ceased
Suzad Mohd Iqbal Hussain
14 Jun 2021
Director appointed
PARUL GUPTA (Company Secretary)
02 Mar 2021
Director ceased
MARIAM KHALIL BAHNAN
02 Jan 2021
Director appointed
VIKRAMJIT SINGH GILL (Director)
29 Dec 2020
Director ceased
KAILASH RAM GOPAL CHHAPARWAL
28 Sep 2020
Director appointed
KULDEEP KUMAR (Director)
Director ceased
SUBHANKAR ADHIKARY
05 Dec 2019
Director appointed
MADHU BALA VAISHNAV (Director)
30 Sep 2019
Director ceased
SHEELA VIJAY SAWDEKAR
02 Aug 2019
Director ceased
BABITA NILESH JOSHI
17 Jun 2019
Director appointed
KAUSHAL SINGH YADAV (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kiran Creation Private Limited U17120WB2007PTC120490 Howrah, West Bengal, India
Knit & Fit Fashions (India) Private Limited U51311UP1994PTC168791 Noida, Uttar Pradesh, India
Babita Laces Private Limited U25209MH1996PTC102010 Mumbai, Maharashtra, India
Saj Batteries Pvt Ltd U31402KL1990PTC005613 Calicut, Kerala, India
Chandraprabha Clothing Private Limited U17299PN2022PTC209996 Hatkanangale, Maharashtra, India
Fair Deal Creations Private Limited U18209DL2020PTC373109 Delhi, Delhi, India
Manjeet Plastics U19202DL2005PTC137931 Delhi, Delhi, India
Carrygo Shoppers India (Opc) Private Limited U36103MP2021OPC057510 Indore, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Visagar before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Visagar: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Visagar - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Visagar 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 Visagar - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Visagar an active company?

Visagar has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Visagar financially healthy?

Visagar has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Visagar?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Visagar?

Promoters hold the largest single block of equity - exact percentages are in the full report. 10 active director(s) are on record.

Does Visagar have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Visagar up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Visagar?

Its Credit Risk Score is 55/100 (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.