Promoter holding
64.27%
AW
Ador Welding Limited - Due diligence report
A 360° intelligence report on Adorwelding: 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
₹449
Save ₹251
excl. GST
Or from ₹279/report 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
Adorwelding — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Adorwelding is assessed as Low Risk with a Trust Score of 78/100. Adorwelding is an active public limited indian non-government company incorporated in 1951, 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 moderate compliance risk and low financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Ador Welding 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
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
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
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
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.
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 7 open (183.59 cr) · 69 satisfied (277.59 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 26 | 48.0 cr |
| Others | 4 | 48.0 cr |
| Hdfc Bank Limited | 5 | 48.0 cr |
| Idbi | 4 | 48.0 cr |
| Idbi Bank | 1 | 48.0 cr |
| Bank Of India | 4 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, EPFO.
- Litigation present in 4 court forum(s).
- 13 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NINOTCHKA MALKANI NAGPAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAVROZE SHIAMAK MARSHALL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEP ASHDA LALVANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURYA KANT SETHIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITA DEMPO MIRCHANDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINAYAK MANOHAR BHIDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANYA HALINA ADVANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA HIRU PANJABI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA TARACHAND MALKANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MIHIR JAYARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVIN AJIT MIRCHANDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTOSH JANAKIRAM IYER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2025)
| 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 2025 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
J.b Advani And Company Private Limited
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| J.b Advani And Company Private Limited | Holding Company | 74.00% |
Key managerial personnel: NINOTCHKA MALKANI NAGPAL (Whole-time director) · SURYA KANT SETHIA (CFO(KMP)) · ADITYA TARACHAND MALKANI (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).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 74+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
Compliance score is weak (50/100).
7 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
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 assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 183.59 cr already registered.
- Compliance gaps should be priced into terms.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Jan 2025
Director ceased
MIHIR JAYARAMAN
09 Nov 2024
Director appointed
MIHIR JAYARAMAN (Director)
21 Oct 2024
Charge satisfied
Hdfc Bank Limited
28 Jul 2024
Director appointed
JITENDRA HIRU PANJABI (Director)
Director appointed
SANTOSH JANAKIRAM IYER (Director)
Director ceased
PIYUSH KUMAR GUPTA
Director ceased
JITENDRA HIRU PANJABI
Director ceased
SANTOSH JANAKIRAM IYER
23 Oct 2023
Charge satisfied
Others
05 Sep 2023
Charge created
Others - 70.00 cr
07 Sep 2022
Charge created
Others - 27.50 Lakh
27 Jul 2022
Director ceased
NAVROZE SHIAMAK MARSHALL
21 May 2022
Director appointed
NAVROZE SHIAMAK MARSHALL (Director)
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 - manageable leverage.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
13 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
7 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Vascon Engineers | L70100PN1986PLC175750 | Pune, Maharashtra, India |
| Midhani | L14292TG1973GOI001660 | Hyderabad, Telangana, India |
| Beekay Steel | L27106WB1981PLC033490 | Kolkata, West Bengal, India |
| Harsha-Abakus | L29307GJ2010PLC063233 | Sanand, Gujarat, India |
| Satish Sugars Limited | U46620KA2000PLC026920 | Gokak Taluk, Karnataka, India |
| Sakthiauto | U29199TZ1999PLC008751 | Coimbatore, Tamil Nadu, India |
| Veegeeindustries | U51909DL2007PTC166647 | New Delhi, Delhi, India |
| Prakash Ferrous Industries Private Limited | U13209AP2007PTC069060 | Sri Kalahasti Mandal, Andhra Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Adorwelding before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Adorwelding: 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 Adorwelding - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Adorwelding pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Adorwelding - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Adorwelding an active company?
Adorwelding has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Adorwelding financially healthy?
Adorwelding has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Adorwelding?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Adorwelding?
The ultimate holding entity is J.b Advani And Company Private Limited. 12 active director(s) are on record.
Does Adorwelding have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 69 earlier charge(s) stand satisfied.
Is Adorwelding up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Adorwelding?
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.
