Promoter holding
64.27%
MA
Maithan Alloys Ltd. - Due diligence report
A 360° intelligence report on Maithan Alloys: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Maithan Alloys — 360° Intelligence Report
Generated from MCA filings & public records87/100
Trust Score
Low Risk
Maithan Alloys is assessed as Low Risk with a Trust Score of 87/100. Maithan Alloys is an active public limited indian non-government company incorporated in 1985, operating in the Environment 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 27 Jul 2026 from the latest processed filings. Maithan Alloys Ltd. 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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
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
95/100
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
80/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 3 open (1,186.40 cr) · 30 satisfied (2,038.54 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 6 | 48.0 cr |
| Axis Bank Limited | 4 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Icici Bank Limited | 2 | 48.0 cr |
| Punjab National Bank (International) Ltd. | 2 | 48.0 cr |
| State Bank Of India (Lead Bank) | 1 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 5 court forum(s).
- 5 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUDHANSHU AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRINIVAS PEDDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALGHAT KRISHNAN VENKATRAMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AAYUSH KHETAWAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sonal Choubey | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHANSHU AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajesh K Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHAS CHANDRA AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARESH KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK KAUL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 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 2024)
| 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
-
Subsidiaries
6
Group entities
6
Capital events
0 allotment(s) · 11 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Anjaney Minerals Limited | Subsidiary Company | 74.00% |
| Impex Metal & Ferro Alloys Limited | Subsidiary Company | 74.00% |
| Ramagiri Renewable Energy Limited | Subsidiary Company | 74.00% |
| Salanpur Sinters Private Limited | Subsidiary Company | 74.00% |
| Maithan Ferrous Private Limited | Subsidiary Company | 74.00% |
| Axl- Exploration Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SUDHANSHU AGARWALLA (CFO) · SUBODH AGARWALLA (Whole-time director) · SUBODH AGARWALLA (CEO) · SUDHANSHU AGARWALLA (CFO) · SUBHAS CHANDRA AGARWALLA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
3 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
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 assessment91/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 1,186.40 cr already registered.
- Compliance record supports lending.
Investor view93/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events21 Nov 2025
Charge satisfied
Axis Bank Limited
27 Sep 2025
Last AGM held
Annual general meeting
23 May 2025
Charge created
Others - 75.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Sep 2024
Director ceased
AAYUSH KHETAWAT
21 Sep 2024
Director ceased
NAND KISHORE AGARWAL
14 Aug 2024
Director appointed
AAYUSH KHETAWAT (Director)
29 Apr 2024
Director ceased
Sonal Choubey
Director ceased
NARESH KUMAR JAIN
10 Feb 2024
Director appointed
Sonal Choubey (Director)
Director appointed
NARESH KUMAR JAIN (Director)
21 Feb 2023
Charge satisfied
Others
19 Jan 2023
Charge satisfied
Hdfc Bank Limited
30 Sep 2021
Director ceased
SRINIVAS PEDDI
29 Jul 2021
Charge satisfied
State Bank Of India
10
Key Observations
Auto-generated from the data aboveRevenue grew 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.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); board looks stable and experienced.
5 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 A1 from Indiarating.
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.
| Company | CIN | Location |
|---|---|---|
| Lgb | L29191TZ1956PLC000257 | Coimbatore, Tamil Nadu, India |
| Srmb Srijan | U74994WB2001PTC093969 | New Town, West Bengal, India |
| Laser | U14220WB1988PLC043591 | Kolkata, West Bengal, India |
| Kutch Copper Limited | U14100GJ2021PLC121525 | Ahmedabad, Gujarat, India |
| Balmer Lawrie & Company | L15492WB1924GOI004835 | Kolkata, West Bengal, India |
| Ttkprestige | L85110TZ1955PLC015049 | Hosur, Tamil Nadu, India |
| Pennarindia | L27109TG1975PLC001919 | Serilingampally, Telangana, India |
| Moira Crs Sariya | U02710MP2004PTC017151 | Indore, Madhya Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Maithan Alloys before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Maithan Alloys: 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 95/100, margin trends, ownership structure and peer set for Maithan Alloys - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Maithan Alloys 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 Maithan Alloys - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Maithan Alloys an active company?
Maithan Alloys has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Maithan Alloys financially healthy?
Maithan Alloys has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Maithan Alloys?
Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Maithan Alloys?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Maithan Alloys have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.
Is Maithan Alloys up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Maithan Alloys?
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.
