Bel-Thales Systems Limited - Due diligence report

A 360° intelligence report on Bel-Thales Systems Limited: trust score, financial health, credit view, compliance, directors, growth and dist…

2014-08-28 Bangalore, Karnataka Active Unlisted Active Compliant
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Bel-Thales Systems Limited — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Bel-Thales Systems Limited is assessed as Low Risk with a Trust Score of 87/100. Bel-Thales Systems Limited is an active public limited union government company incorporated in 2014, operating in the Aerospace, Maritime and Defense 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 02 Aug 2026 from the latest processed filings. Bel-Thales Systems 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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
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 ScoreModerate
70/100
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: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (AA).

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
ANKUR DEEPAK KANAGLEKAR 01234567 Director 01/04/2018 6 yrs Approved
AMRESH KUMAR JHA 01234567 Director 01/04/2018 6 yrs Approved
VENKATA SURESH KUMAR KAIPA 01234567 Director 01/04/2018 6 yrs Approved
KIRTI SEWANI 01234567 Director 01/04/2018 6 yrs Approved
DAMODAR BHATTAD 01234567 Director 01/04/2018 6 yrs Approved
Harikumar Raghavan Nair 01234567 Director 01/04/2018 6 yrs Approved
Srinivas Vijaya Kumar Merugu 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
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
Bharat Electronics Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Bharat Electronics Limited Holding Company 74.00%

Key managerial personnel: AMRESH KUMAR JHA (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
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 2.1x in a year.
3 director exits within 2 years.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 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.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view87/100
Positive growth 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
17 Nov 2025
Director appointed
ANKUR DEEPAK KANAGLEKAR (Additional Director)
20 Aug 2025
Last AGM held
Annual general meeting
19 Aug 2025
Director ceased
Gilles Antoine Gaston Bono
Director ceased
Harikumar Raghavan Nair
01 Jun 2025
Director appointed
Harikumar Raghavan Nair (Nominee Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Feb 2025
Director appointed
Srinivas Vijaya Kumar Merugu (Ceo)
21 Aug 2024
Director ceased
BHANU PRAKASH SRIVASTAVA
24 Aug 2023
Director ceased
MANOJ JAIN
Director ceased
VENKATA SURESH KUMAR KAIPA
Director ceased
DAMODAR BHATTAD
04 Aug 2023
Director appointed
VENKATA SURESH KUMAR KAIPA (Nominee Director)
31 Mar 2023
Share transfer (FY 2023)
1.00000000 shares to Damodar Bhattad
Share transfer (FY 2023)
1.00000000 shares to Manoj Jain
13 Feb 2023
Director appointed
DAMODAR BHATTAD (Nominee 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%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of AA from Icra.
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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Synegra U31909GA2016PLC012969 Salcette, Goa, India
Cipsa Tec India Private Limited U30007KA2005PTC037765 Tumkur, Karnataka, India
Multispan U31109GJ1996PTC028949 Ahmedabad, Gujarat, India
Dynalog India U32109MH1985PLC036338 Mumbai, Maharashtra, India
Baumer U29299MH1989PTC050808 Mumbai, Maharashtra, India
Formoplastic Controls Private Limited U33121TN2003PTC050280 Chennai-600 116., Tamil Nadu, India
Blisstering Electronics Private Limited U36109UP2016PTC083080 Noida, Uttar Pradesh, India
Netlink Ict Private Limited U32107KL2015PTC037972 Ernakulam, Kerala, India
12

Who Uses This Report

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

Verify Bel-Thales Systems Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bel-Thales Systems Limited: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Bel-Thales Systems Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Bel-Thales Systems Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Bel-Thales Systems Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bel-Thales Systems Limited an active company?

Bel-Thales Systems Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Bel-Thales Systems Limited financially healthy?

Bel-Thales Systems Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Bel-Thales Systems Limited?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bel-Thales Systems Limited?

The ultimate holding entity is Bharat Electronics Limited. 7 active director(s) are on record.

Does Bel-Thales Systems Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Bel-Thales Systems Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Bel-Thales Systems Limited?

Its Credit Risk Score is 65/100 (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.