Ashtech (India) Private Limited - Due diligence report

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

2002-03-06 Mumbai, Maharashtra Active Unlisted Active Compliant
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A( Ashtech (India) Private Limited
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Ashtech — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Ashtech is assessed as Low Risk with a Trust Score of 88/100. Ashtech is an active private limited indian non-government company incorporated in 2002, operating in the Manufacturing 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 06 Jul 2026 from the latest processed filings. Ashtech (India) 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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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 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: 70/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 29 open (269.28 cr) · 128 satisfied (433.63 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others59 48.0 cr
Standard Chartered Bank6 48.0 cr
Yes Bank Limited9 48.0 cr
Icici Bank Limited5 48.0 cr
Hdfc Bank Limited16 48.0 cr
Barclays Bank Plc2 48.0 cr
Compliance Score: 78/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (4 disclosure(s)).
  • 9 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SATISH HANUMANPRASAD MANDHANIA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY HANUMANPRASAD MANDHANIA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 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
5 allotment(s) · 3 transfer(s)

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

Group entityRelationship% held
Ashtech International Fze Ras Subsidiary Company 74.00%

Key managerial personnel: SATISH HANUMANPRASAD MANDHANIA (Whole-time director) · SANJAY HANUMANPRASAD MANDHANIA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 24+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
29 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 58,028.00.
2 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 assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 29 open charge(s) of 269.28 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 events
30 Sep 2025
Last AGM held
Annual general meeting
05 Sep 2025
Charge created
Axis Bank Limited - 30.49 Lakh
09 Apr 2025
Charge created
Others - 19.75 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Mar 2025
Charge created
Others - 2.25 cr
27 Mar 2025
Charge created
Others - 1.85 cr
26 Mar 2025
Charge created
Axis Bank Limited - 66.18 Lakh
21 Mar 2025
Charge created
Axis Bank Limited - 1.80 cr
12 Mar 2025
Charge created
Others - 2.48 cr
25 Jan 2025
Charge created
Axis Bank Limited - 60.78 Lakh
13 Jan 2025
Charge satisfied
Others
07 Dec 2024
Charge satisfied
Others
06 Dec 2024
Charge satisfied
Others
25 Jul 2024
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 2.33 cr
06 Jul 2024
Charge created
Axis Bank Limited - 5.70 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
9 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.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tulsyan Smelters U27209TN1990PTC019321 Madras-1., Tamil Nadu, India
Cp Wholesale India Private Limited U51909DL2017FTC310809 Delhi, Delhi, India
Sustainable Cotton Solutions Private Limited U51909DL2016PTC306655 Delhi, Delhi, India
Bullion Business U51109WB2000PTC091040 Kolkata, West Bengal, India
Marubeni-Itochu Steel India Private Limited. U27141DL2006FTC148481 New Delhi, Delhi, India
Shri Sharma Steeltech (India) Private Limited U27107RJ2007PTC024560 Jaipur, Rajasthan, India
Ravagosp U25190KA2010PTC114311 Bangalore, Karnataka, India
Mahavir Coal Resources Private Limited U14200MH2008PTC184905 Nagpur, Maharashtra, India
12

Who Uses This Report

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

Verify Ashtech before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ashtech: 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 70/100, 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 Ashtech - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Ashtech pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Ashtech - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ashtech an active company?

Ashtech has MCA status “Active” with a compliance score of 78/100 (Low Risk).

Is Ashtech financially healthy?

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

Should I do business with Ashtech?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ashtech?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Ashtech have loans or charges against its assets?

29 open charge(s) are registered against its assets, and 128 earlier charge(s) stand satisfied.

Is Ashtech up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 78/100 (Low Risk).

Is it risky to lend to Ashtech?

Its Credit Risk Score is 70/100 (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.