Aashay Industries Private Limited - Due diligence report

A 360° intelligence report on Aashay Industries Private Limited: trust score, financial health, credit view, compliance, directors, growth a…

1993-10-07 Mumbai, Maharashtra Active Unlisted Active Compliant
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Aashay Industries Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Aashay Industries Private Limited is assessed as Low Risk with a Trust Score of 87/100. Aashay Industries Private Limited is an active private limited indian non-government company incorporated in 1993, operating in the Financial Services 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 17 Jul 2026 from the latest processed filings. Aashay Industries Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 4 open (796.38 cr) · 8 satisfied (7.80 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Indusind Bank Ltd.1 48.0 cr
Axis Bank Limited1 48.0 cr
Icici Bank Limited7 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NEELAM MANISH MEHTA 01234567 Director 01/04/2018 6 yrs Approved
HITESH VIJAYKUMAR MEHTA 01234567 Director 01/04/2018 6 yrs Approved
MANISH VIJAYKUMAR MEHTA 01234567 Director 01/04/2018 6 yrs Approved
DAKSHA HITESH MEHTA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2023 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
0 allotment(s) · 2 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Operating for 32+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
4 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
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 assessment68/100
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 796.38 cr already registered.
  • Compliance record supports lending.
Investor view89/100
Positive growth 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 events
28 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
31 May 2022
Charge created
Others - 72.06 cr
Charge created
Others - 9.32 cr
31 Mar 2018
Share transfer (FY 2018)
1.00000000 shares to NEELAM MANISH MEHTA
31 Mar 2016
Share transfer (FY 2016)
250.00000000 shares to MANISH NEELAM
03 May 2013
Charge satisfied
Axis Bank Limited
09 Apr 2012
Charge created
Indusind Bank Ltd. - 90.00 cr
12 Aug 2009
Charge created
Others - 625.00 cr
10 Jul 2008
Charge satisfied
Icici Bank Limited
06 Feb 2008
Charge created
Axis Bank Limited - 4.50 cr
27 Apr 2006
Charge created
Icici Bank Limited - 25.00 Lakh
Charge created
Icici Bank Limited - 56.00 Lakh
Charge created
Icici Bank Limited - 64.00 Lakh
Charge created
Icici Bank Limited - 48.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
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.
11

Peers & Related Companies

Full peer comparison →
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Reliance Universal Traders Private Limited U51100MH2005PTC302789 Mumbai, Maharashtra, India
Rebecca International Private Limited U74899HR2001PTC090197 Dharuhera, Haryana, India
Fatcat Infrastructure Private Limited U45202MH2008PTC182580 Mumbai, Maharashtra, India
Ilms Projects Private Limited U70102KA2009PTC103832 Bangalore, Karnataka, India
Mqdc India Real Estate Private Limited U70109DL2018FTC343104 New Delhi, Delhi, India
Spillikin Private Limited U70109KA2021PTC150931 Bengaluru, Karnataka, India
Money Magnum Nest Private Limited U65923MH1996PTC100417 Sion East Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Aashay Industries Private Limited before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Aashay Industries Private Limited: 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 45/100, 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 Aashay Industries Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Aashay Industries Private Limited 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 Aashay Industries Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Aashay Industries Private Limited an active company?

Aashay Industries Private Limited has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Aashay Industries Private Limited financially healthy?

Aashay Industries Private Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Aashay Industries Private Limited?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Aashay Industries Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Aashay Industries Private Limited have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.

Is Aashay Industries Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Aashay Industries Private Limited?

Its Credit Risk Score is 45/100 (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.