Promoter holding
64.27%
DW
Dishnet Wireless Limited - Due diligence report
A 360° intelligence report on Aircel: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Aircel — 360° Intelligence Report
Generated from MCA filings & public records41/100
Trust Score
Caution Indicated
Aircel is assessed as Caution Indicated with a Trust Score of 41/100. Aircel is an active public limited indian non-government company incorporated in 1998, operating in the Telecom 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 high compliance risk and high financial risk profile.
Report generated on 11 Jul 2026 from the latest processed filings. Dishnet Wireless Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
41/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
15/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 4 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Externally credit-rated (D).
Charges position: 3 open (21,494.33 cr) · 45 satisfied (40,025.21 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 3 | 48.0 cr |
| Others | 1 | 48.0 cr |
| State Bank Of India | 7 | 48.0 cr |
| Bank Of Baroda | 4 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Canara Bank | 4 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2017 - filings overdue.
- Flagged by authority: NCLT, EPFO.
- Litigation present in 5 court forum(s).
- 6 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Kamran Habib | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJEEV JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kidambi Parthasarathy Varadharajan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP VATS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAKASH RADHESHYAM MISHRA | 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 2016)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2017 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Aircel Limited
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Aircel Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 60 · Distress 45
Growth signals & trust indicators
Steady revenue growth: +1.42 over 3 year(s).
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (5/100).
3 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence28/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment26/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 21,494.33 cr already registered.
- Compliance gaps should be priced into terms.
Investor view40/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events03 Apr 2024
Director appointed
Kidambi Parthasarathy Varadharajan (Director)
09 Jun 2020
Director ceased
SANJEEV JAIN
Director ceased
SANDEEP VATS
Director ceased
PRAKASH RADHESHYAM MISHRA
10 Apr 2019
Director appointed
Kamran Habib (Company Secretary)
Director appointed
SANJEEV JAIN (Additional Director)
13 Dec 2018
Director ceased
VALI NIJHAWAN
Director ceased
RAKESH SHARMA KUMAR
22 Feb 2018
Director ceased
LAKSHMI SUBRAMANIAN
18 Feb 2018
Director appointed
SANDEEP VATS (Director)
Director appointed
PRAKASH RADHESHYAM MISHRA (Director)
14 Feb 2018
Director ceased
UMESH JAIN
Director ceased
UTHAYA KUMAR
10 Feb 2018
Director ceased
SUNEETA REDDY
11 Jan 2018
Director ceased
SHEO NANDAN SAHAI
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 3 financial year(s).
Net profit margin moved from 24% to 0.86.
5 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Vishal Mega Teletrading Private Limited | U51909WB2012PTC186587 | Kolkata, West Bengal, India |
| Vision Infocomm Private Limited | U64202DL2004PTC130313 | Delhi, Delhi, India |
| Mportal | U72300KA2003PTC032988 | Bengaluru, Karnataka, India |
| Payism Technologies India Private Limited | U72200TG2013PTC091292 | Madhapur, Telangana, India |
| Rudra Infoline Private Limited | U72900HR2010PTC039921 | Ambala City, Haryana, India |
| Aircel | U74999MH1992PLC284457 | Andheri East, Maharashtra, India |
| Telenor | U64200DL2012PTC231991 | New Delhi, Delhi, India |
| Aircel | U32201MH1994PLC284030 | Andheri E, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Aircel before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Aircel: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 60/100, margin trends, ownership structure and peer set for Aircel - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 41/100, distress signals and MSME payment-delay disclosures - know whether Aircel pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Aircel - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Aircel an active company?
Aircel has MCA status “Active” with a compliance score of 5/100 (Caution Indicated).
Is Aircel financially healthy?
Aircel has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Aircel?
Its overall Trust Score is 41/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Aircel?
The ultimate holding entity is Aircel Limited. 5 active director(s) are on record.
Does Aircel have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 45 earlier charge(s) stand satisfied.
Is Aircel up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Aircel?
Its Credit Risk Score is 45/100 (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.
