Promoter holding
64.27%
DH
Doshi Heaters Private Limited - Due diligence report
A 360° intelligence report on Doshi Heaters Private Limited: trust score, financial health, credit view, compliance, directors, growth and d…
DH
Doshi Heaters Private Limited
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Doshi Heaters Private Limited — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Doshi Heaters Private Limited is assessed as Low Risk with a Trust Score of 78/100. Doshi Heaters Private Limited is an active private limited indian non-government company incorporated in 1985, operating in the Machinery and Equipment 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 moderate compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Doshi Heaters Private 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 ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
55/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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 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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 9 open (9.91 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of Baroda | 7 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Prime Co-Op. Bank Limited | 1 | 48.0 cr |
Compliance Score: 55/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DRT.
- Litigation present in 1 court forum(s).
- Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NIRUPAMBHAI POPATLAL DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKIL NIRUPAMBHAI DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SNEHAL NAVINCHANDRA DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 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 2023)
| 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 2023 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
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Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (55/100).
9 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.04 Lakh.
1 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence72/100
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 assessment50/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 9.91 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
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 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Dec 2021
Charge created
Hdfc Bank Limited - 6.20 Lakh
18 Jul 2018
Director appointed
PANKIL NIRUPAMBHAI DOSHI (Director)
15 Apr 2010
Director appointed
SNEHAL NAVINCHANDRA DOSHI (Director)
21 Oct 2002
Charge created
Bank Of Baroda - 1.01 cr
13 Sep 2002
Charge created
Bank Of Baroda - 7.78 cr
15 May 2002
Charge created
Prime Co-Op. Bank Limited - 1.37 Lakh
24 Jul 1998
Charge created
Bank Of Baroda - 47.18 Lakh
14 Sep 1994
Charge created
Bank Of Baroda - 7.50 Lakh
27 Jul 1990
Charge created
Bank Of Baroda - 15.00 Lakh
11 Jan 1990
Charge created
Bank Of Baroda - 25.00 Lakh
06 Apr 1987
Charge created
Bank Of Baroda - 10.00 Lakh
27 Mar 1985
Incorporated
Registered with Roc Ahmedabad
Director appointed
NIRUPAMBHAI POPATLAL DOSHI (Director)
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Key Observations
Auto-generated from the data aboveRevenue 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.
3 active director(s) / partner(s); board looks stable and experienced.
1 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 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Doshi Heaters Private Limited before audits and certifications: compliance score 55/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Doshi Heaters Private 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: Mixed indicators - deeper appraisal suggested. Credit risk score 30/100, 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 Doshi Heaters Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Doshi Heaters Private 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 Doshi Heaters Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Doshi Heaters Private Limited an active company?
Doshi Heaters Private Limited has MCA status “Active” with a compliance score of 55/100 (Moderate).
Is Doshi Heaters Private Limited financially healthy?
Doshi Heaters Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Doshi Heaters Private Limited?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Doshi Heaters Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Doshi Heaters Private Limited have loans or charges against its assets?
9 open charge(s) are registered against its assets.
Is Doshi Heaters Private Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 55/100 (Moderate).
Is it risky to lend to Doshi Heaters Private Limited?
Its Credit Risk Score is 30/100 (Caution Indicated). 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.
