Promoter holding
64.27%
AE
Aia Engineering Limited - Due diligence report
A 360° intelligence report on Aia Engineering: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Aia Engineering — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Aia Engineering is assessed as Low Risk with a Trust Score of 86/100. Aia Engineering is an active public limited indian non-government company incorporated in 1991, 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 17 Jul 2026 from the latest processed filings. Aia Engineering 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 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 (AA+).
Charges position: 1 open (229.32 cr) · 35 satisfied (1,140.86 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 6 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| Citibank N.A | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 2 | 48.0 cr |
| Industrial Development Bank Of India Ltd | 2 | 48.0 cr |
| Canara Bank | 13 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (4 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJENDRA SHANTILAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATYANARAYAN CHHOGALAL JETHELIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY SHAILESHBHAI MAJMUDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIREN KANTILAL THAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHADRESH KANTILAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UDAYAN DILEEP CHOKSI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHUSHALI SAMIP SOLANKI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIREN KANTILAL THAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATYANARAYAN JETHELIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PIYUSH BALVANTLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUMIKA SHYAMAL SHODHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JANAKI UDAYANBHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YASHWANT MANUBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Satyanarayan Chhogalal Jetheliya | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
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
-
Subsidiaries
2
Group entities
3
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Wuxi Vega Trade Co Ltd China | Subsidiary Company | 74.00% |
| Pt Vega Industry Indonesia | Subsidiary Company | 74.00% |
| Vega Industries (middle East) Fzc | Subsidiary Company | 74.00% |
| Vega Industries Australia Pty Ltd | Subsidiary Company | 74.00% |
| Aia Ghana Limited | Subsidiary Company | 74.00% |
| Aia Csr Foundation | Subsidiary Company | 74.00% |
| Vega Industries Chile, Spa | Subsidiary Company | 74.00% |
| Vega Industries Limited Uk | Subsidiary Company | 74.00% |
| Vega Industries Limited Usa | Subsidiary Company | 74.00% |
| Welcast Steels Limited | Subsidiary Company | 74.00% |
Key managerial personnel: VIREN KANTILAL THAKKAR (CFO) · BHADRESH KANTILAL SHAH (Managing Director) · VIREN KANTILAL THAKKAR (CFO) · YASHWANT MANUBHAI PATEL (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
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 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 4.57 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence79/100
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 assessment89/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 229.32 cr already registered.
- Compliance record supports lending.
Investor view93/100
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 events20 Sep 2025
Director appointed
UDAYAN DILEEP CHOKSI (Director)
15 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Feb 2025
Director appointed
SATYANARAYAN CHHOGALAL JETHELIYA (Nodal Officer)
14 Nov 2024
Director ceased
PIYUSH BALVANTLAL SHAH
13 Sep 2024
Director appointed
RAJENDRA SHANTILAL SHAH (Director)
Director appointed
SANJAY SHAILESHBHAI MAJMUDAR (Director)
11 Sep 2024
Director ceased
RAJENDRA SHANTILAL SHAH
09 Sep 2024
Director appointed
PIYUSH BALVANTLAL SHAH (Director)
20 Jul 2021
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
29 Jun 2021
Charge satisfied
Citi Bank N.A.
02 Feb 2021
Charge satisfied
State Bank Of India
30 Jul 2020
Charge satisfied
Others
12 Aug 2019
Director appointed
VIREN KANTILAL THAKKAR (CFO)
Director ceased
SUNDARARAJAN SRIKUMAR
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.
14 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Crisil.
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 1 security allotment(s) - amounts available in the full report.
9 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Shyamsteel | U27100WB2002PLC094339 | New Town, West Bengal, India |
| Visa Minmetal Limited | U51102WB2009PLC139648 | Kolkata, West Bengal, India |
| Johnson Matthey | U31104DL1998PTC091736 | New Delhi, Delhi, India |
| Wheels India | L35921TN1960PLC004175 | Tamilnadu, Tamil Nadu, India |
| Tata Steel Mining | U27109OR2004PLC009683 | Bhubaneswar, Orissa, India |
| Security Printing & Minting Corporation Of India | U22213DL2006GOI144763 | New Delhi, Delhi, India |
| Tspdl | U27109WB1997PLC084005 | Kolkata, West Bengal, India |
| Electrosteelsteels | U27310JH2006PLC012663 | Bokaro Steel City, Jharkhand, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Aia Engineering before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Aia Engineering: 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 Aia Engineering - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Aia Engineering pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Aia Engineering - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Aia Engineering an active company?
Aia Engineering has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Aia Engineering financially healthy?
Aia Engineering has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Aia Engineering?
Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Aia Engineering?
Promoters hold a majority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Aia Engineering have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 35 earlier charge(s) stand satisfied.
Is Aia Engineering up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Aia Engineering?
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.
