Promoter holding
64.27%
WR
Waaree Renewable Technologies Limited - Due diligence report
A 360° intelligence report on Sangamadvisors: trust score, financial health, credit view, compliance, directors, growth and distress signals…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹349
50% off
New user
Or enjoy up to 50% off with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Sangamadvisors — 360° Intelligence Report
Generated from MCA filings & public records84/100
Trust Score
Low Risk
Sangamadvisors is assessed as Low Risk with a Trust Score of 84/100. Sangamadvisors is an active public limited indian non-government company incorporated in 1999, operating in the Energy and Power 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 low compliance risk and low financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Waaree Renewable Technologies 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 80/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 13 open (2,305.96 cr) · 1 satisfied (100.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 11 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
Compliance Score: 78/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (54 disclosure(s)).
- 5 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUNIL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMBIKA SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEEMA KALPESHKUMAR SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUJAN PANKAJ DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HITESH PRANJIVAN MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL NANDKISHOR RATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DILIP PANJWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIREN DOSHI CHIMANLAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHIR ARYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NILESH BHOGILAL GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Heema Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
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
Waaree Energies Limited
Subsidiaries
4
Group entities
4
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Sangam Rooftop Solar Private Limited | Subsidiary Company | 74.00% |
| Waaree Pv Technologies Private Limited | Subsidiary Company | 74.00% |
| Waasang Solar Private Limited | Subsidiary Company | 74.00% |
| Waaree Energies Limited | Holding Company | 74.00% |
| Waasang Solar One Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: PUJAN PANKAJ DOSHI (Managing Director) · HITESH PRANJIVAN MEHTA (Whole-time director) · SUNIL NANDKISHOR RATHI (Whole-time director) · DILIP PANJWANI (CEO) · VIREN DOSHI CHIMANLAL (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
4 director exits within 2 years.
13 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.62 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 13 open charge(s) of 2,305.96 cr already registered.
- Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events18 Nov 2025
Charge satisfied
Others
10 Nov 2025
Charge created
Axis Bank Limited - 150.00 cr
23 Sep 2025
Last AGM held
Annual general meeting
22 May 2025
Director ceased
SUDHIR ARYA
20 May 2025
Charge created
Others - 6.50 cr
19 May 2025
Charge created
Others - 50.00 Lakh
16 Apr 2025
Director appointed
SUDHIR ARYA (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Jan 2025
Director ceased
DILIP PAHILAJRAI PANJWANI
19 Dec 2024
Charge created
Others - 500.00 cr
04 Nov 2024
Director ceased
SUNIL JAIN
08 Oct 2024
Charge created
Others - 100.00 cr
27 Sep 2024
Director appointed
SUNIL JAIN (Director)
15 Sep 2024
Director ceased
AMBIKA SHARMA
23 Aug 2024
Charge created
Others - 360.00 cr
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.
Compliance record is strong - status, filings and flags are clean.
11 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 |
|---|---|---|
| Belgaum Sugars Private Limited | U15117KA2007PTC044215 | Gokak, Karnataka, India |
| Nsl Sugars | U15421TG2006PLC050837 | Hyderabad, Telangana, India |
| Powergridindia | U40109DL2014GOI269652 | New Delhi, Delhi, India |
| Industrial Energy Limited | U74999MH2007PLC167623 | Mumbai, Maharashtra, India |
| Maducon Sugar & Power Ind | U15427TG2002PLC039859 | Khammam, Telangana, India |
| Agarwal Sponge And Energy Private Limited | U27109KA2004PTC159664 | Bengaluru, Karnataka, India |
| Mahindrasusten | U40300MH2010PTC205946 | Mumbai, Maharashtra, India |
| Mayur Wovens | U25202GJ2004PTC043769 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Sangamadvisors before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Sangamadvisors: 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Sangamadvisors - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Sangamadvisors 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 Sangamadvisors - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Sangamadvisors an active company?
Sangamadvisors has MCA status “Active” with a compliance score of 78/100 (Low Risk).
Is Sangamadvisors financially healthy?
Sangamadvisors has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Sangamadvisors?
Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Sangamadvisors?
The ultimate holding entity is Waaree Energies Limited. 11 active director(s) are on record.
Does Sangamadvisors have loans or charges against its assets?
13 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Sangamadvisors up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 78/100 (Low Risk).
Is it risky to lend to Sangamadvisors?
Its Credit Risk Score is 80/100 (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.
