Mg Industries Limited - Due diligence report

A 360° intelligence report on Mg Industries Limited: trust score, financial health, credit view, compliance, directors, growth and distress …

1997-01-07 New Delhi, Delhi Active Unlisted Active Compliant
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MI Mg Industries Limited

Mg Industries Limited — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Mg Industries Limited is assessed as Low Risk with a Trust Score of 86/100. Mg Industries Limited is an active public limited indian non-government company incorporated in 1997, operating in the Trading sector. 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 13 Jun 2026 from the latest processed filings. Mg Industries Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 access

Scores 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: 65/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (B+).

Charges position: 3 open (17.47 cr) · 16 satisfied (82.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others10 48.0 cr
Hdfc Bank Limited3 48.0 cr
Punjab National Bank4 48.0 cr
Indian Overseas Bank2 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 4 court forum(s).
  • 3 auditor resignation(s) filed - latest: MURARI SHARAN on 2021-12-15.
  • 2 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MOHIT GUPTA 01234567 Director 01/04/2018 6 yrs Approved
MURLI DHAR VYAS 01234567 Director 01/04/2018 6 yrs Approved
ALISSA NANAK SHETH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2020)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / 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
2 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: MOHIT GUPTA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 38%.
Profit expanded 1.42 year-on-year.
Operating for 29+ years.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • 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.
  • 3 open charge(s) of 17.47 cr already registered.
  • Compliance record supports lending.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
25 Jul 2025
Last AGM held
Annual general meeting
26 Jun 2025
Charge created
Others - 2.11 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Jun 2024
Charge satisfied
Others
05 Jun 2024
Director appointed
ALISSA NANAK SHETH (Director)
10 May 2024
Charge created
Hdfc Bank Limited - 33.93 Lakh
06 May 2024
Charge created
Hdfc Bank Limited - 15.03 cr
18 Aug 2022
Director ceased
RADHIKA GUPTA
16 May 2022
Securities allotted
60000 Equity Shares - 36.00 Lakh raised
30 Nov 2021
Director ceased
MURLI DHAR VYAS
18 Oct 2021
Director ceased
KAMLESH BAHADUR SINGH
16 Oct 2021
Director appointed
MURLI DHAR VYAS (Director)
06 Sep 2021
Charge satisfied
Others
18 Aug 2021
Charge satisfied
Others
12 Aug 2021
Charge satisfied
Hdfc Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue 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% - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B+ from Crisil.
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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Natraja Nutrifeed Private Limited U15310BR2018PTC040273 Sampatchak, Bihar, India
Prince Ply Agency Private Limited U51393MH2005PTC154252 Mumbai, Maharashtra, India
G5K Petro Products Private Limited U23209MH2018PTC312102 Mumbai, Maharashtra, India
Debraj Vincom Private Limited U51109WB2008PTC125899 Kolkata, West Bengal, India
Oisin Traders Private Limited U51909KL2009PTC025116 Thrissur, Kerala, India
Electron Colour-Chem Private Limited U24117MH1999PTC259987 Mumbai, Maharashtra, India
Hargopal Machines Private Limited U74899DL1988PTC032782 New Delhi, Delhi, India
Grainora India Private Limited U01100BR2019PTC043272 Patna, Bihar, India
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Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Mg Industries Limited before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mg Industries 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Mg Industries Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Mg Industries Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Mg Industries Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mg Industries Limited an active company?

Mg Industries Limited has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Mg Industries Limited financially healthy?

Mg Industries Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Mg Industries Limited?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mg Industries Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Mg Industries Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.

Is Mg Industries Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Mg Industries Limited?

Its Credit Risk Score is 65/100 (Moderate). 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.