Promoter holding
64.27%
IW
Inox Wind Limited - Due diligence report
A 360° intelligence report on Inox Wind: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Inox Wind — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Inox Wind is assessed as Moderate with a Trust Score of 70/100. Inox Wind is an active public limited indian non-government company incorporated in 2009, 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 high compliance risk and low financial risk profile.
Report generated on 17 Aug 2026 from the latest processed filings. Inox Wind 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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A2).
Charges position: 6 open (2,458.88 cr) · 54 satisfied (6,230.32 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 33 | 48.0 cr |
| Yes Bank Limited | 6 | 48.0 cr |
| Ing Vysya Bank Limited | 1 | 48.0 cr |
| Idbi Bank Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Australia And New Zealand Banking Group Limited | 2 | 48.0 cr |
Compliance Score: 20/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE, NCLT, EPFO.
- Litigation present in 5 court forum(s).
- 1 auditor resignation(s) filed - latest: Patankar & Associates on 2018-07-12.
- Delayed payments to MSME suppliers disclosed (28 disclosure(s)).
- 10 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DEVANSH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJEEV JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESH RAJNARAYAN MANGLIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Deepak Banga | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOJ SHAMBHU DIXIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BRIJ MOHAN BANSAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shivam Tandon | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sanjeev Agarwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Madhurima Sayan Das | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- 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 2025 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
Inox Wind Energy Limited
Subsidiaries
6
Group entities
6
Capital events
20 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Resco Global Wind Services Private Limited | Subsidiary Company | 74.00% |
| Waft Energy Private Limited | Subsidiary Company | 74.00% |
| Inox Green Energy Services Limited | Subsidiary Company | 74.00% |
| Inox Wind Energy Limited | Holding Company | 74.00% |
| Aliento Wind Energy Private Limited | Subsidiary Company | 74.00% |
| Flurry Wind Energy Private Limited | Subsidiary Company | 74.00% |
| Flutter Wind Energy Private Limited | Subsidiary Company | 74.00% |
| Haroda Wind Energy Private Limited | Subsidiary Company | 74.00% |
| I-fox Windtechnik India Private Limited | Subsidiary Company | 74.00% |
| Satviki Energy Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: DEVANSH JAIN (Whole-time director) · MANOJ SHAMBHU DIXIT (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 17+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (20/100).
6 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.61 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 2,458.88 cr already registered.
- Compliance gaps should be priced into terms.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events05 Sep 2025
Director appointed
Madhurima Sayan Das (Additional Director)
04 Sep 2025
Charge created
Others - 2.73 cr
15 Jul 2025
Director appointed
Sanjeev Agarwal (Ceo)
29 May 2025
Director ceased
URVASHI SAXENA
22 Apr 2025
Charge satisfied
Others
29 Mar 2025
Charge satisfied
Daimler Financial Services India Private Limited
19 Mar 2025
Charge satisfied
Others
07 Mar 2025
Charge satisfied
Others
06 Mar 2025
Charge satisfied
State Bank Of India
01 Mar 2025
Director appointed
Shivam Tandon (Cfo)
28 Feb 2025
Charge satisfied
Idbi Bank Limited
21 Feb 2025
Charge satisfied
Standard Chartered Bank
19 Feb 2025
Charge satisfied
Others
13 Feb 2025
Charge satisfied
Others
04 Feb 2025
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
10 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 20 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Lumaxworld | L74899DL1981PLC012804 | New Delhi, Delhi, India |
| Action Construction Equipment | L74899HR1995PLC053860 | Palwal, Haryana, India |
| Vikram Solar | L18100WB2005PLC106448 | Kolkata, West Bengal, India |
| Te | U31909KA1993FTC015007 | Bangalore, Karnataka, India |
| Ram Ratna Wires | L31300MH1992PLC067802 | Mumbai, Maharashtra, India |
| Medha Servo Drives | U31103TG1984PTC004436 | Telangana, Telangana, India |
| Loyal Equipments | L29190GJ2007PLC050607 | Dahegam, Gujarat, India |
| Craftsman Automation | L28991TZ1986PLC001816 | Coimbatore, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Inox Wind before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Inox Wind: 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Inox Wind - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Inox Wind 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 Inox Wind - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Inox Wind an active company?
Inox Wind has MCA status “Active” with a compliance score of 20/100 (Caution Indicated).
Is Inox Wind financially healthy?
Inox Wind has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Inox Wind?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Inox Wind?
The ultimate holding entity is Inox Wind Energy Limited. 9 active director(s) are on record.
Does Inox Wind have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 54 earlier charge(s) stand satisfied.
Is Inox Wind up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 20/100 (Caution Indicated).
Is it risky to lend to Inox Wind?
Its Credit Risk Score is 80/100 (Low Risk). 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.
