Promoter holding
64.27%
MI
Maharashtra Insectcides Limited - Due diligence report
A 360° intelligence report on Maharashtra Insectcides Limited: trust score, financial health, credit view, compliance, directors, growth and…
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Maharashtra Insectcides Limited — 360° Intelligence Report
Generated from MCA filings & public records77/100
Trust Score
Low Risk
Maharashtra Insectcides Limited is assessed as Low Risk with a Trust Score of 77/100. Maharashtra Insectcides Limited is an active private limited state government company incorporated in 1984, operating in the Agriculture 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 low compliance risk and low financial risk profile.
Report generated on 15 Aug 2026 from the latest processed filings. Maharashtra Insectcides 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.
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Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
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
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 75/100 Low Risk
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (9.30 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| Syndicate Bank | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2022 - filings overdue.
- 2 active GST registration(s).
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Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MANGESH MANOHAR GONDAVALE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUJIT SHASHIKANT SONAVANE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY RAMCHANDRA PATHARKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pravin Digambarrao Deshmukh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GANESH BABURAO PATIL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Devanand Sahadu Duthade | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- MANGESH MANOHAR GONDAVALE has DIN status "Deactivated".
- 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2022)
| 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 2022 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
The Maharashtra Agro Industries Development Corporation Limited
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| The Maharashtra Agro Industries Development Corporation Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 42+ years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment80/100
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 record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
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MCA Filings & Events Timeline
Latest 15 events28 Feb 2024
Director appointed
Devanand Sahadu Duthade (Nominee Director)
13 Feb 2024
Last AGM held
Annual general meeting
31 Aug 2023
Director appointed
MANGESH MANOHAR GONDAVALE (Nominee Director)
Director ceased
SUNIL SAHEBRAO CHAVAN
06 Apr 2023
Director appointed
Pravin Digambarrao Deshmukh (Nominee Director)
Director ceased
SUNIL CHANDRAKANT BORKAR
09 Jun 2022
Director ceased
ASHOK NAGURAO KARANJKAR
31 Mar 2022
Latest balance sheet
Filed with ROC
04 Mar 2022
Director ceased
MAHENDRA BHIKA BORSE
29 Jan 2020
Director appointed
SUJIT SHASHIKANT SONAVANE (Nominee Director)
Director ceased
SURESH BALKRUSHNA SONAVANE
26 Aug 2019
Director ceased
SUBHASH MAHADEO KATKAR
31 Jul 2019
Director appointed
VIJAY RAMCHANDRA PATHARKAR (Nominee Director)
Director ceased
MILIND SHRIDHAR SOMAN
22 Feb 2019
Director appointed
GANESH BABURAO PATIL (Nominee Director)
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Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Maharashtra Insectcides Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Maharashtra Insectcides 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: Favourable lending indicators. Credit risk score 75/100, 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 Maharashtra Insectcides Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Maharashtra Insectcides Limited 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 Maharashtra Insectcides Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Maharashtra Insectcides Limited an active company?
Maharashtra Insectcides Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Maharashtra Insectcides Limited financially healthy?
Maharashtra Insectcides Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Maharashtra Insectcides Limited?
Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Maharashtra Insectcides Limited?
The ultimate holding entity is The Maharashtra Agro Industries Development Corporation Limited. 6 active director(s) are on record.
Does Maharashtra Insectcides Limited have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Maharashtra Insectcides Limited up to date with its ROC filings?
Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Maharashtra Insectcides Limited?
Its Credit Risk Score is 75/100 (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.
