Akal Spring Ltd - Due diligence report

A 360° intelligence report on Akal Spring: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

1974-09-28 Punjab, Punjab Active Unlisted Active Compliant
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Akal Spring — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Akal Spring is assessed as Low Risk with a Trust Score of 86/100. Akal Spring is an active public limited indian non-government company incorporated in 1974, operating in the Automotive 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. Akal Spring Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
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
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 access

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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 11 open (21.87 cr) · 9 satisfied (16.24 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Bank8 48.0 cr
Dena Bank3 48.0 cr
Oriental Bank Of Commerce3 48.0 cr
Punjab National Bank1 48.0 cr
Axis Bank Limited1 48.0 cr
Canara Bank1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
Bidya Charan Mishra 01234567 Director 01/04/2018 6 yrs Approved
AMRIT PAL RIAT 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP RIAT 01234567 Director 01/04/2018 6 yrs Approved
JASPAL KAUR 01234567 Director 01/04/2018 6 yrs Approved
Naveen Kumar Aggarwal 01234567 Director 01/04/2018 6 yrs Approved
Sukhdev Singh 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

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
1 allotment(s) · 0 transfer(s)

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

Key managerial personnel: SANDEEP RIAT (Managing 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.
EPFO headcount growing - hiring signal.
Operating for 51+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
11 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 11 open charge(s) of 21.87 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view93/100
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 events
21 May 2025
Charge created
Indian Bank - 5.75 Lakh
31 Jan 2025
Charge created
Indian Bank - 6.70 Lakh
12 Nov 2024
Director appointed
Naveen Kumar Aggarwal (Additional Director)
Director appointed
Sukhdev Singh (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Bidya Charan Mishra
31 Mar 2024
Latest balance sheet
Filed with ROC
04 Mar 2024
Charge satisfied
Axis Bank Limited
25 Dec 2023
Director appointed
Bidya Charan Mishra (Director)
16 Nov 2022
Charge created
Indian Bank - 60.00 Lakh
30 Sep 2022
Director ceased
HARPREET KAUR RIAT
05 Apr 2022
Charge created
Indian Bank - 13.00 Lakh
24 Jan 2022
Charge created
Indian Bank - 62.13 Lakh
16 Jul 2021
Charge created
Indian Bank - 1.30 cr
01 Oct 2020
Charge created
Indian Bank - 44.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue 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.
6 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 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Venkateshwar Ispat Private Limited U27106CT1988PTC004320 Raipur, Chattisgarh, India
Sawan Engineers U27100GJ2007PTC051243 Vadodara, Gujarat, India
Jai Hind Wire Rod Mills Private Limited U27209TN1991PTC020900 Chennai, Tamil Nadu, India
Kalliyath Steels Pvt Ltd U27106KL1992PTC006381 Kozhikode Dist, Kerala, India
Gratik Tubes Private Limited U74899GJ1991PTC163741 Ahmedabad, Gujarat, India
Swarup Castings Private Limited U27104UP1991PTC013788 Jansath, Uttar Pradesh, India
Shiva Utensils Industries Private Limited U29300DL2008PTC319814 Delhi, Delhi, India
Bhiwadi Iron Private Limited U27100DL2013PTC255075 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Akal Spring before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Akal Spring: 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 60/100, 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 Akal Spring - 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 Akal Spring 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 Akal Spring - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Akal Spring an active company?

Akal Spring has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Akal Spring financially healthy?

Akal Spring has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Akal Spring?

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 Akal Spring?

Promoters hold a majority stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Akal Spring have loans or charges against its assets?

11 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.

Is Akal Spring up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Akal Spring?

Its Credit Risk Score is 60/100 (Moderate). 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.