Promoter holding
64.27%
ME
Mark Exhaust Systems Limited - Due diligence report
A 360° intelligence report on Mark Exhaust Systems: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Mark Exhaust Systems — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Mark Exhaust Systems is assessed as Low Risk with a Trust Score of 80/100. Mark Exhaust Systems is an active public limited indian non-government company incorporated in 1993, 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 moderate compliance risk and low financial risk profile.
Report generated on 04 Jul 2026 from the latest processed filings. Mark Exhaust Systems 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 ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 50/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 3 open (150.00 cr) · 11 satisfied (108.40 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Lord Krishna Bank Limited | 4 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 2 | 48.0 cr |
Compliance Score: 74/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KAMAL KANT KUKRETI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROHAN KAPUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHASHANK SRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALLAVI MALHOTRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL KUMAR KAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| M D WASIMUDDIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMAL KANT KUKRETI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATTAN KAPUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMAL OBEROI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHD WASIMUDDIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mohd Wasimuddin | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mahesh Chandra Saraswat | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- 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 2023 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
2
Capital events
0 allotment(s) · 5 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mark Water Pumps Limited | Subsidiary Company | 74.00% |
| Hirotec Mark Exhaust Systems Private Limited | Associate Company | 74.00% |
| Maruti Suzuki India Limited | Joint Ventures | 74.00% |
Key managerial personnel: KAMAL KANT KUKRETI (CFO) · ROHAN KAPUR (Whole-time director) · KAMAL KANT KUKRETI (CFO) · RATTAN KAPUR (Managing Director) · Mahesh Chandra Saraswat (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 65
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 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
3 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment65/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 150.00 cr already registered.
- Compliance record supports lending.
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 events11 Dec 2025
Director ceased
Mahesh Chandra Saraswat
09 Dec 2025
Charge created
Others - 25.00 cr
05 Mar 2025
Director appointed
Mahesh Chandra Saraswat (Whole-time director)
25 Nov 2024
Last AGM held
Annual general meeting
24 Nov 2024
Director ceased
SHASHANK SRIVASTAVA
07 Nov 2024
Director ceased
SANDEEP CHANDHOK
29 Jul 2024
Director appointed
SHASHANK SRIVASTAVA (Nominee Director)
04 Jul 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Nov 2022
Director ceased
TAKU SUMINO
Director ceased
SUNIL KUMAR KAKKAR
01 Oct 2022
Director appointed
SUNIL KUMAR KAKKAR (Nominee Director)
Director ceased
MURALI MANOHAR SINGH
01 Jun 2022
Director ceased
TOSHIYA MIKI
01 Apr 2022
Director appointed
KAMAL KANT KUKRETI (CFO)
10
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.
12 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
14 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Hindusthan Engineering | U93000WB1998PLC086303 | Kolkata, West Bengal, India |
| A P I Ispat And Powertech Private Limited | U27101CT2004PTC008241 | Raipur, Chattisgarh, India |
| J. J. Gold Refinery Private Limited | U74900WB2015PTC206236 | Domjur, West Bengal, India |
| Singhal Steel & Power Private Limited | U52110WB1997PTC082924 | Kolkata, West Bengal, India |
| Jb Rolling Mills Limited | U26102DL1996PLC079453 | New Delhi, Delhi, India |
| Cmr | U37100HR2012PTC046602 | Palwal, Haryana, India |
| Asian Group | U27109GJ1985PTC007559 | Ahmadabad City, Gujarat, India |
| Kalyanisteels | U27105PN1998PTC012724 | Pune, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mark Exhaust Systems before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mark Exhaust Systems: 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 50/100, 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 Mark Exhaust Systems - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Mark Exhaust Systems 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 Mark Exhaust Systems - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mark Exhaust Systems an active company?
Mark Exhaust Systems has MCA status “Active” with a compliance score of 74/100 (Moderate).
Is Mark Exhaust Systems financially healthy?
Mark Exhaust Systems has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Mark Exhaust Systems?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mark Exhaust Systems?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Mark Exhaust Systems have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 11 earlier charge(s) stand satisfied.
Is Mark Exhaust Systems up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).
Is it risky to lend to Mark Exhaust Systems?
Its Credit Risk Score is 50/100 (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.
