Promoter holding
64.27%
ZI
Zitron India Pvt Ltd - Due diligence report
A 360° intelligence report on Zitron India Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Zitron India Pvt Ltd — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Zitron India Pvt Ltd is assessed as Moderate with a Trust Score of 67/100. Zitron India Pvt Ltd is an active private limited indian non-government company incorporated in 2001, operating in the Machinery and Equipment 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 moderate financial risk profile.
Report generated on 11 Aug 2026 from the latest processed filings. Zitron India Pvt Ltd 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
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
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: 30/100 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.
Charges position: 4 open (22.16 cr) · 4 satisfied (5.83 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Indian Bank | 5 | 48.0 cr |
| 3I Infotech Trusteeship Services Limited | 2 | 48.0 cr |
| Icici Bank Limited | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 3 auditor resignation(s) filed - latest: Singhi & Co. on 2023-07-19.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| TARUN PALIWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MACARENA FERNANDEZ- ESCANDON GARCIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JOAQUIN MUNIZ CORTINA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAVIER MONTOTO ESBERT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- MACARENA FERNANDEZ- ESCANDON GARCIA has DIN status "Deactivated".
- 5 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
Talleres Zitron
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Talleres Zitron | Holding Company | 74.00% |
Key managerial personnel: TARUN PALIWAL (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 38,978.00.
1 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment49/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 22.16 cr already registered.
- Compliance record supports lending.
Investor view72/100
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 events20 Nov 2025
Charge satisfied
Indian Bank
27 Oct 2025
Charge created
Indian Bank - 6.49 cr
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Dec 2023
Director appointed
TARUN PALIWAL (Managing Director)
Director ceased
TARUN PALIWAL
27 Sep 2023
Director ceased
SIDDHANT ARORA
Director ceased
MACARENA FERNANDEZ- ESCANDON GARCIA
Director ceased
JOAQUIN MUNIZ CORTINA
Director ceased
JAVIER MONTOTO ESBERT
18 Apr 2023
Director ceased
INDRAJIT DHADWAL
28 Mar 2023
Director appointed
MACARENA FERNANDEZ- ESCANDON GARCIA (Director)
Director appointed
JOAQUIN MUNIZ CORTINA (Director)
Director appointed
JAVIER MONTOTO ESBERT (Director)
09 Dec 2021
Charge created
Indian Bank - 2.65 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
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 2 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Zitron India Pvt Ltd before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Zitron India Pvt Ltd: 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 30/100, 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 Zitron India Pvt Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Zitron India Pvt Ltd pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Zitron India Pvt Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Zitron India Pvt Ltd an active company?
Zitron India Pvt Ltd has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Zitron India Pvt Ltd financially healthy?
Zitron India Pvt Ltd has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.
Should I do business with Zitron India Pvt Ltd?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Zitron India Pvt Ltd?
The ultimate holding entity is Talleres Zitron. 4 active director(s) are on record.
Does Zitron India Pvt Ltd have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Zitron India Pvt Ltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Zitron India Pvt Ltd?
Its Credit Risk Score is 30/100 (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.
