Baxy Limited - Due diligence report

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

2015-04-21 New Delhi, Delhi Active Unlisted Active Compliant
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Baxy — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Baxy is assessed as Moderate with a Trust Score of 73/100. Baxy is an active public limited indian non-government company incorporated in 2015, operating in the Engineering sector. 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 07 Jul 2026 from the latest processed filings. Baxy Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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.

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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: 60/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 32 open (659.90 cr) · 1 satisfied (60.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others19 48.0 cr
Hdfc Bank Limited8 48.0 cr
Axis Bank Limited5 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 1 auditor resignation(s) filed - latest: Praveen Aggarwal and Co. on 2024-01-16.
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 8 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
SANKARAIAH RAJAGOPAL 01234567 Director 01/04/2018 6 yrs Approved
SHIVPRIYA NANDA 01234567 Director 01/04/2018 6 yrs Approved
RAJNEESH GUPTA 01234567 Director 01/04/2018 6 yrs Approved
TEJVEER SIDANA 01234567 Director 01/04/2018 6 yrs Approved
SUSHIL KUMAR ROONGTA 01234567 Director 01/04/2018 6 yrs Approved
SHIV BAKSHI 01234567 Director 01/04/2018 6 yrs Approved
AMARJIT SINGH BAKSHI 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 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
Continental Engines Private Limited
Subsidiaries
2
Group entities
2
Capital events
0 allotment(s) · 7 transfer(s)

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

Group entityRelationship% held
Baxy Engineering Private Limited Subsidiary Company 74.00%
Baxy Mobility Private Limited Subsidiary Company 74.00%
Continental Engines Private Limited Holding Company 74.00%

Key managerial personnel: RAJNEESH GUPTA (CFO) · SHIV BAKSHI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 80
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Asset base grew 1.42 - capacity expansion.
Net margin improved to 2.1x.
EPFO headcount growing - hiring signal.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
Compliance score is weak (50/100).
32 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.61 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 32 open charge(s) of 659.90 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view76/100
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
15 Nov 2025
Charge created
Others - 15.00 Lakh
30 Sep 2025
Last AGM held
Annual general meeting
30 Aug 2025
Charge created
Others - 22.28 Lakh
26 Aug 2025
Charge created
Hdfc Bank Limited - 1.48 cr
21 Aug 2025
Charge created
Others - 21.16 Lakh
12 Aug 2025
Charge created
Hdfc Bank Limited - 31.32 Lakh
20 May 2025
Charge created
Hdfc Bank Limited - 18.96 Lakh
19 Feb 2025
Charge created
Hdfc Bank Limited - 40.00 cr
13 Jan 2025
Charge created
Hdfc Bank Limited - 13.81 Lakh
12 Dec 2024
Charge created
Hdfc Bank Limited - 60.00 cr
05 Dec 2024
Charge satisfied
Others
11 Oct 2024
Charge created
Others - 10.00 Lakh
29 Sep 2024
Director ceased
SHIVPRIYA NANDA
Director ceased
SUSHIL KUMAR ROONGTA
19 Sep 2024
Charge created
Hdfc Bank Limited - 31.72 Lakh
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
8 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Hmb Ispat Private Limited U27109WB2005PTC103895 Salt Lake, West Bengal, India
Vinayak Tmt Bars Private Limited U27310GJ2008PTC054624 Dehgam, Gujarat, India
Faurecia Emissions Control Technologies India Private Limited U29130TN1997FTC037962 Chennai, Tamil Nadu, India
Shankesh Jewellers Limited U36910MH2005PLC154679 Mumbai, Maharashtra, India
Parmeshwar Metal Limited L28999GJ2016PLC093235 Dehgam, Gujarat, India
Avtar Steel Limited U27104DL1996PLC078684 Delhi, Delhi, India
Mangal Industries Limited U15122AP1990PLC011932 A.P., Andhra Pradesh, India
Shri Jagannath Steels & Power Limited U51909OR1992PLC019431 Barbil, Orissa, India
12

Who Uses This Report

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

Verify Baxy before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Baxy: 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: Mixed indicators - deeper appraisal suggested. 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 75/100, margin trends, ownership structure and peer set for Baxy - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Baxy 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 Baxy - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Baxy an active company?

Baxy has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Baxy financially healthy?

Baxy has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Baxy?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Baxy?

The ultimate holding entity is Continental Engines Private Limited. 7 active director(s) are on record.

Does Baxy have loans or charges against its assets?

32 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Baxy up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Baxy?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.