Promoter holding
64.27%
ML
Merritronix Ltd. - Due diligence report
A 360° intelligence report on Merritronix Ltd.: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Merritronix Ltd. — 360° Intelligence Report
Generated from MCA filings & public records88/100
Trust Score
Low Risk
Merritronix Ltd. is assessed as Low Risk with a Trust Score of 88/100. Merritronix Ltd. is an active public limited indian non-government company incorporated in 1988, operating in the Information Technology 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 17 Jul 2026 from the latest processed filings. Merritronix 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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
90/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A4).
Charges position: 5 open (50.26 cr) · 8 satisfied (45.31 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Sidbi | 3 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Andhra Pradesh State Finance Corporation | 1 | 48.0 cr |
Compliance Score: 90/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 auditor resignation(s) filed - latest: Chengalrayulu & Associates on 2023-11-15.
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| YESU DAS DOVARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KETHAN CHANDRA DARSY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DOVARI AMARNATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI BANDREDDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMALAKSHMANA RAO PAVULURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIDEVI MADATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kethan Chandra Darsy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Swathi Mandava | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 1 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
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: DOVARI AMARNATH (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.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
5 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence86/100
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 assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 50.26 cr already registered.
- Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events12 Nov 2025
Charge created
Sidbi - 5.50 cr
30 Sep 2025
Last AGM held
Annual general meeting
06 Sep 2025
Charge created
Others - 20.02 cr
01 Aug 2025
Director appointed
RAVI BANDREDDI (Director)
Director appointed
RAMALAKSHMANA RAO PAVULURI (Director)
Director appointed
SRIDEVI MADATI (Director)
08 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
05 Feb 2025
Director appointed
Kethan Chandra Darsy (Cfo)
Director appointed
Swathi Mandava (Company Secretary)
27 Jan 2025
Charge satisfied
Andhra Pradesh State Finance Corporation
31 Dec 2024
Charge satisfied
Axis Bank Limited
21 Dec 2024
Charge satisfied
Axis Bank Limited
11 Nov 2024
Charge created
Others - 20.17 cr
29 Sep 2023
Director ceased
KETHAN CHANDRA DARSY
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A4 from Crisil.
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.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Anantha Pvc Pipes Private Limited (Part Ix) | U25209TG2006PTC049592 | Hyderabad, Telangana, India |
| Baba Lokenath Agrotech Industries Private Limited | U01403WB2011PTC159890 | Howrah, West Bengal, India |
| Powerspack Industries Private Limited | U24100DL2013PTC256387 | New Delhi, Delhi, India |
| Machinograph Polycontainers (India) Pvt Ltd | U25209MH1992PTC069161 | Mumbai, Maharashtra, India |
| Alfanso Vitrified Private Limited | U26955GJ2015PTC085073 | Sapar, Gujarat, India |
| Vng Automotives Private Limited | U74899DL1992PTC048153 | Delhi, Delhi, India |
| Hosur Coir Foams Private Limited | U01300TZ1989PTC002484 | Hosur, Tamil Nadu, India |
| Shalimar Extrusion Private Limited | U36900MH2020PTC348905 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Merritronix Ltd. before audits and certifications: compliance score 90/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Merritronix Ltd.: 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 40/100, 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 Merritronix Ltd. - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Merritronix Ltd. 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 Merritronix Ltd. - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Merritronix Ltd. an active company?
Merritronix Ltd. has MCA status “Active” with a compliance score of 90/100 (Low Risk).
Is Merritronix Ltd. financially healthy?
Merritronix Ltd. has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Merritronix Ltd.?
Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Merritronix Ltd.?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Merritronix Ltd. have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Merritronix Ltd. up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 90/100 (Low Risk).
Is it risky to lend to Merritronix Ltd.?
Its Credit Risk Score is 40/100 (Caution Indicated). 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.
