Promoter holding
64.27%
MI
Mid India Industries Limited - Due diligence report
A 360° intelligence report on Mid India Industries Limited: trust score, financial health, credit view, compliance, directors, growth and di…
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Mid India Industries Limited — 360° Intelligence Report
Generated from MCA filings & public records54/100
Trust Score
Moderate
Mid India Industries Limited is assessed as Moderate with a Trust Score of 54/100. Mid India Industries Limited is an active public limited indian non-government company incorporated in 1991, operating in the Manufacturing sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Mid India Industries 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 ScoreModerate
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 10 satisfied (51.02 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Dena Bank | 7 | 48.0 cr |
| State Bank Of Indore | 3 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE, BSE.
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: KVNG & Associates on 2016-08-04.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MANISH JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHAWAL BAGMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AWANI KOTHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUSHAN TAMBE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAWANI SHANKAR SONI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPIKA GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shailendra Agrawal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| OM PRAKASH DHANOTIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- 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
0 allotment(s) · 26 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: BHAWANI SHANKAR SONI (Whole-time director) · OM PRAKASH DHANOTIYA (CFO) · SANJAY SINGH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 55
Growth signals & trust indicators
Net margin improved to 1.42.
Operating for 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Compliance score is weak (38/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2,301.00.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence48/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment43/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view42/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events23 Sep 2025
Last AGM held
Annual general meeting
01 May 2025
Director appointed
MANISH JOSHI (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Mar 2025
Director ceased
SHAILENDRA KUMAR AGRAWAL
24 Sep 2024
Director ceased
DHAWAL BAGMAR
12 Aug 2024
Director appointed
DHAWAL BAGMAR (Director)
31 Mar 2024
Director ceased
ANEET JAIN
17 Sep 2023
Director ceased
AWANI KOTHARI
Director ceased
BHUSHAN TAMBE
11 Aug 2023
Director appointed
AWANI KOTHARI (Director)
Director appointed
BHUSHAN TAMBE (Director)
31 Mar 2023
Share transfer (FY 2023)
100.00000000 shares to RAJESH TIKAMDAS GOLANI
Share transfer (FY 2023)
400.00000000 shares to NILESH ISHWARLAL MEHTA
Share transfer (FY 2023)
800.00000000 shares to BERNADETTE ROSE DIAS
Share transfer (FY 2023)
300.00000000 shares to VIPIN MEHTA
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 10 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mid India Industries Limited before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mid India 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: Enhanced diligence advised. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Mid India Industries Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Mid India Industries Limited 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 Mid India Industries Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mid India Industries Limited an active company?
Mid India Industries Limited has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Mid India Industries Limited financially healthy?
Mid India Industries Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Mid India Industries Limited?
Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mid India Industries Limited?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Mid India Industries Limited have loans or charges against its assets?
No open charges - all 10 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Mid India Industries Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Mid India Industries Limited?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Enhanced diligence advised.
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.
