Ather Energy Limited - Due diligence report

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

2013-10-21 Bangalore, Karnataka Active Listed Active Compliant
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Ather Energy — 360° Intelligence Report

Generated from MCA filings & public records
70/100
Trust Score
Moderate

Ather Energy is assessed as Moderate with a Trust Score of 70/100. Ather Energy is an active public limited indian non-government company incorporated in 2013, operating in the Automobile 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 31 Jul 2026 from the latest processed filings. Ather Energy Limited snapshot & full profile →

Financial Health › Weak
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 ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
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
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
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.

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: 20/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).

Charges position: 9 open (819.00 cr) · 16 satisfied (1,061.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others19 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited2 48.0 cr
Axis Bank Limited2 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 2 auditor resignation(s) filed - latest: R.G.N. Price & Co., on 2021-05-29.
  • Delayed payments to MSME suppliers disclosed (434 disclosure(s)).
  • 14 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
VIVEK ANAND 01234567 Director 01/04/2018 6 yrs Approved
NEELAM DHAWAN 01234567 Director 01/04/2018 6 yrs Approved
SANJAY NAYAK 01234567 Director 01/04/2018 6 yrs Approved
TARUN SANJAY MEHTA 01234567 Director 01/04/2018 6 yrs Approved
KAUSHIK DUTTA 01234567 Director 01/04/2018 6 yrs Approved
PANKAJ SOOD 01234567 Director 01/04/2018 6 yrs Approved
SWAPNIL BABANLAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
RAM KUPPUSWAMY 01234567 Director 01/04/2018 6 yrs Approved
Sohil Dilipkumar Parekh 01234567 Director 01/04/2018 6 yrs Approved
Tarun Sanjay Mehta 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
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
-
Subsidiaries
-
Group entities
-
Capital events
22 allotment(s) · 8 transfer(s)

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

Key managerial personnel: TARUN SANJAY MEHTA (Whole-time director) · SWAPNIL BABANLAL JAIN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
EPFO headcount growing - hiring signal.
Operating for 12+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
9 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 8.99 cr.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
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 assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 9 open charge(s) of 819.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view66/100
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
12 Dec 2025
Charge satisfied
Others
02 Dec 2025
Charge satisfied
Others
10 Nov 2025
Director appointed
VIVEK ANAND (Additional Director)
31 Oct 2025
Charge created
Others - 150.00 cr
28 Oct 2025
Charge satisfied
Others
25 Sep 2025
Charge created
Others - 3.50 cr
17 Sep 2025
Last AGM held
Annual general meeting
15 Sep 2025
Charge satisfied
Others
24 Jul 2025
Charge created
Others - 150.00 cr
04 Apr 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Sep 2024
Charge satisfied
Others
04 Sep 2024
Director ceased
NEELAM DHAWAN
Director ceased
SANJAY NAYAK
27 Aug 2024
Director appointed
NEELAM DHAWAN (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
14 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 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 22 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Goldstonepower L34100TG2000PLC035451 Hyderabad, Telangana, India
Federal-Mogul Goetze L74899DL1954PLC002452 Delhi, Delhi, India
Automotive Axles L51909KA1981PLC004198 Karnataka, Karnataka, India
Tenneco U34300TZ1998PTC015231 Hosur, Tamil Nadu, India
Smlisuzu L50101PB1983PLC005516 Nawanshahr, Punjab, India
Ge U35990DL2015PTC285220 New Delhi, Delhi, India
Sonablw L27300HR1995PLC083037 Gurgaon, Haryana, India
Ranegroup L65993TN2004PLC052856 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify Ather Energy 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 Ather Energy: 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 20/100, 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 Ather Energy - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Ather Energy 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 Ather Energy - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ather Energy an active company?

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

Is Ather Energy financially healthy?

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

Should I do business with Ather Energy?

Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ather Energy?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 10 active director(s) are on record.

Does Ather Energy have loans or charges against its assets?

9 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.

Is Ather Energy up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Ather Energy?

Its Credit Risk Score is 20/100 (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.