Promoter holding
64.27%
MJ
M J Casting Limited - Due diligence report
A 360° intelligence report on Mindagroup: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Mindagroup — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
Mindagroup is assessed as Moderate with a Trust Score of 64/100. Mindagroup is a public limited indian non-government company incorporated in 2010, operating in the Automotive 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 08 Jul 2026 from the latest processed filings. M J Casting 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
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A2).
Charges position: 0 open (-) · 1 satisfied (42.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Ltd. | 1 | 48.0 cr |
Compliance Score: 16/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2019 - filings overdue.
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KUNDANKUMAR JHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TARUN KUMAR SRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALLAK MINDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TARUN KUMAR SRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pawan Agrawal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRMAL KUMAR MINDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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 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 2019 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
Minda Industries Limited
Subsidiaries
-
Group entities
-
Capital events
13 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Minda Industries Limited | Holding Company | 74.00% |
Key managerial personnel: AMIT MEHTA (Whole-time director) · Pawan Agrawal (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (16/100).
2 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence42/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment74/100
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 gaps should be priced into terms.
Investor view82/100
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 events25 Jul 2019
Last AGM held
Annual general meeting
22 Jul 2019
Director appointed
AMIT MEHTA (Whole-time director)
Director ceased
AMIT MEHTA
22 Jun 2019
Securities allotted
2693966 Equity Shares Without Differential Rights - 3.75 cr raised
11 Jun 2019
Director appointed
TARUN KUMAR SRIVASTAVA (Company Secretary)
10 May 2019
Director ceased
ATUL SWAROOP
31 Mar 2019
Latest balance sheet
Filed with ROC
28 Jul 2018
Director ceased
PALLAK MINDA
11 May 2018
Director appointed
PALLAK MINDA (Director)
Director ceased
SEEMA GUPTA
05 Feb 2018
Director appointed
Pawan Agrawal (CFO)
26 Aug 2017
Director ceased
KUNDANKUMAR JHA
29 Apr 2017
Director ceased
IRFAN ALI
31 Mar 2017
Share transfer (FY 2017)
100.00000000 shares to Mr. Irfan Ali
Share transfer (FY 2017)
1500000.00000000 shares to Pioneer Finest Limited
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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 - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A2 from Icra.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 13 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ma Chandi Durga Cement Limited | U26942WB2007PLC113550 | Kolkata, West Bengal, India |
| Southern Gold Private Limited | U36911KL2010PTC027176 | Thrissur, Kerala, India |
| Gsc Glass | U74899DL1989PLC035305 | Central Delhi, Delhi, India |
| Kirtiman Cements & Packaging Industries Limited | U26941CH1996PLC017613 | Ut, Chandigarh, India |
| Rapid Stones Private Limited | U74999MH2018PTC312177 | Mumbai, Maharashtra, India |
| Hema Automotive Private Limited | U28999DL2014PTC269862 | New Delhi, Delhi, India |
| Eta General | U29308PY1999PTC001499 | Pondicherry 605 107., Pondicherry, India |
| Hema Engineering | U74210DL1987PLC029299 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mindagroup before audits and certifications: compliance score 16/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mindagroup: 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 95/100, 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 Mindagroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Mindagroup pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Mindagroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mindagroup an active company?
Mindagroup has MCA status “Amalgamated” with a compliance score of 16/100 (Caution Indicated).
Is Mindagroup financially healthy?
Mindagroup has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Mindagroup?
Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mindagroup?
The ultimate holding entity is Minda Industries Limited. 8 active director(s) are on record.
Does Mindagroup have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Mindagroup up to date with its ROC filings?
Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).
Is it risky to lend to Mindagroup?
Its Credit Risk Score is 95/100 (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.
