Promoter holding
64.27%
AE
Aether - Due diligence report
A 360° intelligence report on Aether: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Aether — 360° Intelligence Report
Generated from MCA filings & public records83/100
Trust Score
Low Risk
Aether is assessed as Low Risk with a Trust Score of 83/100. Aether is an active public limited indian non-government company incorporated in 2013, operating in the Pharma 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 21 Sep 2026 from the latest processed filings. Aether Industries 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
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health 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 ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 (A4).
Charges position: 3 open (348.00 cr) · 1 satisfied (31.80 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| State Bank Of India | 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).
- 1 auditor resignation(s) filed - latest: ARAV & Co. on 2021-01-30.
- Delayed payments to MSME suppliers disclosed (15 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ARUN BRIJMOHAN KANODIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ISHITA SURENDRA MANJREKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHITRARTH RAJAN PARGHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMAN ASHWINBHAI DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMALVIJAY RAMCHANDRA TULSIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA POPATLAL VAKHARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JEEVAN LAL NAGORI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMOL ARVINDRAO KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FAIZ ARIF NAGARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJKUMAR MANGILAL BORANA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PURNIMA DESAI ASHWIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHWIN JAYANTILAL DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LEJA SATISH HATTIANGADI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FAIZ ARIF NAGARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROHAN ASHWIN DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 15 directors on the board.
- FAIZ ARIF NAGARIYA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
-
Subsidiaries
1
Group entities
1
Capital events
7 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Aether Speciality Chemicals Limited | Subsidiary Company | 74.00% |
Key managerial personnel: AMAN ASHWINBHAI DESAI (Whole-time director) · FAIZ ARIF NAGARIYA (CFO) · PURNIMA DESAI ASHWIN (Whole-time director) · ASHWIN JAYANTILAL DESAI (Managing Director) · FAIZ ARIF NAGARIYA (CFO) · ROHAN ASHWIN DESAI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 9.90 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 348.00 cr already registered.
- Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events12 Sep 2025
Last AGM held
Annual general meeting
29 Jul 2025
Charge created
Axis Bank Limited - 52.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Oct 2024
Charge satisfied
State Bank Of India
23 Feb 2023
Charge created
Others - 250.00 cr
20 Nov 2022
Securities allotted
28048 Equity Shares - 90.03 Lakh raised
31 May 2022
Securities allotted
9766355 Equity Shares - 627.00 cr raised
05 May 2022
Securities allotted
2024921 Equity Shares - 130.00 cr raised
27 Nov 2021
Securities allotted
1607160 Equity Shares - 103.18 cr raised
17 Nov 2021
Director appointed
JITENDRA POPATLAL VAKHARIA (Director)
Director appointed
AMOL ARVINDRAO KULKARNI (Director)
Director appointed
RAJKUMAR MANGILAL BORANA (Director)
01 Oct 2021
Director appointed
FAIZ ARIF NAGARIYA (CFO)
Director appointed
LEJA SATISH HATTIANGADI (Director)
04 Sep 2021
Director ceased
RAKESH MALIK
10
Key Observations
Auto-generated from the data aboveRevenue 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.
Compliance record is strong - status, filings and flags are clean.
15 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A4 from Crisil.
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 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Forace Speciality Chem Private Limited | U36999UR2017PTC007621 | Haridwar, Uttarakhand, India |
| Apex | U85195TN1978PTC007554 | Chennai, Tamil Nadu, India |
| Krishna Antioxidants Private Limited | U65990MH1990PTC056459 | Mumbai, Maharashtra, India |
| Omniactive Health Technologies | U24230MH2003PLC141898 | Mumbai, Maharashtra, India |
| Indiapesticideslimited | L24112UP1984PLC006894 | Uttar Pradesh, Uttar Pradesh, India |
| Fresenius-Kabi-Oncology | U24231DL2003PLC119441 | New Delhi, Delhi, India |
| Shilpa Pharma Lifesciences Limited | U24100KA2020PLC134081 | Raichur, Karnataka, India |
| Bhilai Engineering Corporation Limited | U29111CT1960PLC000913 | Durg, Chattisgarh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Aether 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 Aether: 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 95/100, margin trends, ownership structure and peer set for Aether - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Aether 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 Aether - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Aether an active company?
Aether has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Aether financially healthy?
Aether has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Aether?
Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Aether?
Promoters hold a minority stake - exact percentages are in the full report. 15 active director(s) are on record.
Does Aether have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Aether 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 Aether?
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.
