Vrl Logistics Limited - Due diligence report

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

1983-03-31 Hubli, Karnataka Active Listed Active Compliant
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VL Vrl Logistics Limited
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Vrlgroup — 360° Intelligence Report

Generated from MCA filings & public records
63/100
Trust Score
Moderate

Vrlgroup is assessed as Moderate with a Trust Score of 63/100. Vrlgroup is an active public limited indian non-government company incorporated in 1983, operating in the Environment 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 09 Jul 2026 from the latest processed filings. Vrl Logistics Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
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.

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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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A).

Charges position: 36 open (724.89 cr) · 442 satisfied (1,664.68 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others47 48.0 cr
Hdfc Bank Limited54 48.0 cr
Axis Bank Limited37 48.0 cr
Uco Bank2 48.0 cr
Srei Infrastructure Finance Limited33 48.0 cr
Idbi Bank Limited4 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: BSE, IRDA.
  • Litigation present in 3 court forum(s).
  • 1 auditor resignation(s) filed - latest: H. K. VEERBHADDRAPPA & CO on 2016-07-08.
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 25 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 35/100
NameDIN / PANDesignationAppointedTenureDIN status
GURUPRASAD DEVARAYADURG VENKATESHA MURTHY 01234567 Director 01/04/2018 6 yrs Approved
RAMANAND LAXMINARAYAN BHAT 01234567 Director 01/04/2018 6 yrs Approved
VINAY JWALAKUMAR JAVALI 01234567 Director 01/04/2018 6 yrs Approved
Virupaxagouda Annadanagouda Patil 01234567 Director 01/04/2018 6 yrs Approved
Shailaja Shivashankar Ambli 01234567 Director 01/04/2018 6 yrs Approved
SHANTILAL DHANRAJ JAIN 01234567 Director 01/04/2018 6 yrs Approved
SHIVA A SANKESHWAR 01234567 Director 01/04/2018 6 yrs Approved
ASHOK SHIVAYOGAPPA SHETTAR 01234567 Director 01/04/2018 6 yrs Approved
RAGHOTTAM HANUMANTACHARYA AKAMANCHI 01234567 Director 01/04/2018 6 yrs Approved
ANAND VIJAY SANKESHWAR 01234567 Director 01/04/2018 6 yrs Approved
VIJAY BASAVANNEPPA SANKESHWAR 01234567 Director 01/04/2018 6 yrs Approved
Aniruddha Anil Phadnavis 01234567 Director 01/04/2018 6 yrs Approved
Sunil Sambhaji Nalavadi 01234567 Director 01/04/2018 6 yrs Approved
Shankar Vasantrao Pinge 01234567 Director 01/04/2018 6 yrs Approved
  • 14 directors on the board.
  • GURUPRASAD DEVARAYADURG VENKATESHA MURTHY has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 4 director exits in 3 years - high churn.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
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 2025 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
3 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Key managerial personnel: RAMANAND LAXMINARAYAN BHAT (Whole-time director) · ANAND VIJAY SANKESHWAR (Managing Director) · VIJAY BASAVANNEPPA SANKESHWAR (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 43+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Compliance score is weak (32/100).
36 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.10 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence56/100
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 assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 36 open charge(s) of 724.89 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
10 Sep 2025
Charge satisfied
Others
06 Aug 2025
Last AGM held
Annual general meeting
24 Apr 2025
Charge created
Hdfc Bank Limited - 186.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Feb 2025
Director appointed
GURUPRASAD DEVARAYADURG VENKATESHA MURTHY (Director)
Director appointed
Shankar Vasantrao Pinge (Director)
Director ceased
SHANKARASA VENKOSA LADWA
Director ceased
ANAND KRISHNARAO PANDURANGI
30 Jan 2025
Charge created
Others - 50.00 cr
12 Dec 2024
Director ceased
MEDHA VIVEK PAWAR
26 Jul 2024
Charge created
Axis Bank Limited - 39.45 cr
Charge created
Axis Bank Limited - 1.00 cr
01 Apr 2024
Director appointed
VINAY JWALAKUMAR JAVALI (Director)
Director appointed
Virupaxagouda Annadanagouda Patil (Director)
Director ceased
GURUDAS GANAPATRAO NAREKULI
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
14 active director(s) / partner(s); review board churn before relying on management continuity.
25 active GST registration(s) indicate ongoing business operations.
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 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
A B T Limited U60231TZ1931PLC000006 Coimbatore, Tamil Nadu, India
Aicl L99999MH1995PLC084618 Chembur, Maharashtra, India
Adani Logistics Limited U63090GJ2005PLC046419 Ahmedabad, Gujarat, India
Logistics U74120MH2013PTC242240 Mumbai, Maharashtra, India
Tcil L70109TG1995PLC019116 Sec'Bad - 500 003, Telangana, India
Porter U74999MH2014PTC306120 Mumbai, Maharashtra, India
Darcl U60222HR1986PLC068818 Gurugram, Haryana, India
Delhivery L63090DL2011PLC221234 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Vrlgroup 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 Vrlgroup: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Vrlgroup - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Vrlgroup pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Vrlgroup - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vrlgroup an active company?

Vrlgroup has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).

Is Vrlgroup financially healthy?

Vrlgroup has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Vrlgroup?

Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vrlgroup?

Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.

Does Vrlgroup have loans or charges against its assets?

36 open charge(s) are registered against its assets, and 442 earlier charge(s) stand satisfied.

Is Vrlgroup 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 Vrlgroup?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.