Promoter holding
64.27%
EC
E Cube India Solutions Limited - Due diligence report
A 360° intelligence report on E Cube India: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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E Cube India — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
E Cube India is assessed as Moderate with a Trust Score of 66/100. E Cube India is an active public limited indian non-government company incorporated in 2000, operating in the Electrical sector. Reported revenue has declined 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 13 Aug 2026 from the latest processed filings. E Cube India Solutions 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 ScoreModerate
66/100
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
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 65/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 0 open (-) · 5 satisfied (5.63 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of Baroda | 4 | 48.0 cr |
| Axis Bank Ltd. | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO.
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANKIT ASHESH SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Charulata Ashesh Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHARULATA ASHESH SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHESH JITENDRA SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- ANKIT ASHESH SHAH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| 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
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: Charulata Ashesh Shah (CFO) · CHARULATA ASHESH SHAH (CFO) · ASHESH JITENDRA SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 25+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (50/100).
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
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 assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management churn warrants questions.
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
29 Sep 2024
Director ceased
ANKIT ASHESH SHAH
14 Mar 2024
Director appointed
ANKIT ASHESH SHAH (Director)
21 Dec 2023
Director appointed
Charulata Ashesh Shah (CFO)
29 Sep 2019
Director ceased
SMITA JATIA RAMESHKUMAR
Director ceased
CHARULATA ASHESH SHAH
28 Sep 2019
Director appointed
CHARULATA ASHESH SHAH (CFO)
07 Jun 2019
Director ceased
JITENDRA SHAH CHIMANLAL
23 Jan 2019
Director ceased
MIHIRKUMAR ARVIND JOSHI
08 May 2018
Charge satisfied
Bank Of Baroda
22 Mar 2018
Director ceased
AMIT PAUL
29 Mar 2017
Director ceased
NILESH PATEL JITUBHAI
Director ceased
UNEESH UDAYAN PATEL
23 May 2015
Director ceased
ALAY JITENDRA SHAH
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
All 5 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a majority 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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Samsung Weigh Scales Private Limited | U29196PN2005PTC020557 | Chinchwad, Pune - 411 033, Maharashtra, India |
| Leo Textile Spares India Private Limited | U28939TZ2012PTC018842 | Coimbatore, Tamil Nadu, India |
| Occident Elevators Private Limited | U45400WB2013PTC193907 | Kolkata, West Bengal, India |
| Aaps Automation And Mechanical Concepts Private Limited | U31200KA2013PTC072283 | Jayanagar, Karnataka, India |
| Ashtech Machineries Private Limited | U29120TZ2011PTC017733 | Coimbatore, Tamil Nadu, India |
| Han Ul Technologies Private Limited | U64201PN1995PTC091471 | Pune, Maharashtra, India |
| Energy Sources Engineers Private Limited | U31909MH1997PTC109119 | Pune, Maharashtra, India |
| Amertec Systems Private Limited | U29300DL2011PTC219078 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify E Cube India 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 E Cube India: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for E Cube India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether E Cube India pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for E Cube India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is E Cube India an active company?
E Cube India has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is E Cube India financially healthy?
E Cube India has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with E Cube India?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls E Cube India?
Promoters hold a majority stake - exact percentages are in the full report. 4 active director(s) are on record.
Does E Cube India have loans or charges against its assets?
No open charges - all 5 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is E Cube India up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to E Cube India?
Its Credit Risk Score is 65/100 (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.
