Asteria Aerospace Limited - Due diligence report

A 360° intelligence report on Asteria Aerospace: trust score, financial health, credit view, compliance, directors, growth and distress sign…

2011-06-06 Ahmadabad City, Gujarat Active Unlisted Active Compliant
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Asteria Aerospace — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Asteria Aerospace is assessed as Moderate with a Trust Score of 68/100. Asteria Aerospace is an active public limited indian non-government company incorporated in 2011, operating in the Information Technology sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 27 Jul 2026 from the latest processed filings. Asteria Aerospace Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

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 ScoreModerate
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
52/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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.

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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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).

Charges position: 0 open (-) · 13 satisfied (1.56 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited13 48.0 cr
Compliance Score: 52/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • 1 auditor resignation(s) filed - latest: MMK & CO on 2021-02-03.
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NIHAR VARTAK VINAYAK 01234567 Director 01/04/2018 6 yrs Approved
SHOBHAN MADHUKANT THAKORE 01234567 Director 01/04/2018 6 yrs Approved
KSHITIJ MARWAH 01234567 Director 01/04/2018 6 yrs Approved
DHIRENDRA HARILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
NEEL MEHTA KUSHAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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 2024)
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 2024 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
Jio Platforms Limited
Subsidiaries
-
Group entities
-
Capital events
17 allotment(s) · 10 transfer(s)

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

Group entityRelationship% held
Jio Platforms Limited Holding Company 74.00%

Key managerial personnel: NIHAR VARTAK VINAYAK (Whole-time director) · NEEL MEHTA KUSHAL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (52/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 74,466.50.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
22 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Mar 2023
Director ceased
SHOBHAN MADHUKANT THAKORE
Director ceased
DHIRENDRA HARILAL SHAH
16 Jan 2023
Securities allotted
4986 Debentures - 4.99 cr raised
Director appointed
SHOBHAN MADHUKANT THAKORE (Director)
Director appointed
DHIRENDRA HARILAL SHAH (Director)
16 Nov 2022
Securities allotted
4986 Debentures - 4.99 cr raised
15 Sep 2022
Securities allotted
4986 Debentures - 4.99 cr raised
05 Jul 2022
Securities allotted
9997 Debentures - 10.00 cr raised
02 Jun 2022
Securities allotted
9997 Debentures - 10.00 cr raised
02 Dec 2021
Securities allotted
9997 Debentures - 10.00 cr raised
03 Aug 2021
Securities allotted
19994 Debentures - 19.99 cr raised
30 Apr 2021
Charge satisfied
Hdfc Bank Limited
24 Feb 2021
Securities allotted
19994 Debentures - 19.99 cr raised
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 - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 13 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 17 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sde U29253MH2015PTC264539 Mumbai, Maharashtra, India
A.T.E. Huber Envirotech Private Limited U74999MH2000PTC127595 Mumbai, Maharashtra, India
Topaz Fire Systems Private Limited U29193KA2008PTC046136 Bangalore, Karnataka, India
Dhall Enterprises And Engineers Pvt Ltd U29259GJ1971PTC001921 Ahmedabad, Gujarat, India
Aerolex Cables Private Limited U31300GJ2005PTC046725 Sari, Gujarat, India
Newage Fire Solutions Private Limited U29193GJ2011PTC066043 Surendranagar, Gujarat, India
Mikrotek Machines Limited U85110KA1993PLC014643 Bangalore, Karnataka, India
Kryfs Fabrications Private Limited U31102MP2010PTC022942 Bhopal, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Asteria Aerospace before audits and certifications: compliance score 52/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Asteria Aerospace: 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: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Asteria Aerospace - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Asteria Aerospace pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Asteria Aerospace - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Asteria Aerospace an active company?

Asteria Aerospace has MCA status “Active” with a compliance score of 52/100 (Moderate).

Is Asteria Aerospace financially healthy?

Asteria Aerospace has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Asteria Aerospace?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Asteria Aerospace?

The ultimate holding entity is Jio Platforms Limited. 5 active director(s) are on record.

Does Asteria Aerospace have loans or charges against its assets?

No open charges - all 13 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Asteria Aerospace up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 52/100 (Moderate).

Is it risky to lend to Asteria Aerospace?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.