Promoter holding
64.27%
MI
Mil Industries Limited - Due diligence report
A 360° intelligence report on Mil Industries Limited: trust score, financial health, credit view, compliance, directors, growth and distress…
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Mil Industries Limited — 360° Intelligence Report
Generated from MCA filings & public records88/100
Trust Score
Low Risk
Mil Industries Limited is assessed as Low Risk with a Trust Score of 88/100. Mil Industries Limited is an active public limited indian non-government company incorporated in 1966, 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 low compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Mil 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 ScoreLow Risk
88/100
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
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
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 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 (BB+).
Charges position: 3 open (10.32 cr) · 10 satisfied (34.50 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Uco Bank | 5 | 48.0 cr |
| Uco Bank Ltd | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| President Of India | 1 | 48.0 cr |
| Industrial Reconstruction Bank Of India | 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 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Aakansha Anand | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GURUSWAMY NALLATHAMBI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH RAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SEKHAR RAMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AYYASWAMY RENGARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAGHU RAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Thangamani Karunanidhi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prasath Thangaraju | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 9 director exits in 3 years - high churn.
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 2024 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
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mil Industries & Aerospace Limited | Subsidiary Company | 74.00% |
Key managerial personnel: GURUSWAMY NALLATHAMBI (CFO) · RAGHU RAMAN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 90
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 60+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- 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 10.32 cr already registered.
- Compliance record supports lending.
Investor view77/100
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 events10 Dec 2025
Director appointed
Prasath Thangaraju (Company Secretary)
24 Sep 2025
Last AGM held
Annual general meeting
29 Apr 2025
Director ceased
Thangamani Karunanidhi
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Feb 2025
Director appointed
Thangamani Karunanidhi (Director)
15 Apr 2024
Director ceased
JANAKAR
11 Feb 2024
Director ceased
Aakansha Anand
Director ceased
SEKHAR RAMANI
31 Dec 2023
Director ceased
RAMESH RAMAN
Director ceased
RAJIVSREEDHAR
Director ceased
RAGHU RAMAN
29 Dec 2023
Director appointed
Aakansha Anand (Director)
14 Nov 2023
Director appointed
RAMESH RAMAN (Director)
Director appointed
SEKHAR RAMANI (Director)
Director appointed
RAGHU RAMAN (Managing Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
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 BB+ from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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| Shree Shanti Polysacks Pvt Ltd | U25209WB2006PTC107332 | Howrah, West Bengal, India |
| Goyal Group (India) | U25209WB1997PLC085837 | Kolkata, West Bengal, India |
| Ntb International Pvt Ltd | U51900PN1984PTC136697 | Pune, Maharashtra, India |
| Polyrub Plastics Private Limited | U25190MH2014PTC256303 | Mumbai, Maharashtra, India |
| Ikon Moulders Private Limited | U25200PN2003PTC211905 | Ahmednagar, Maharashtra, India |
| Bajajngp | U25200MH2007PLC174520 | Nagpur, Maharashtra, India |
| Real Industries Limited | U28910DL1995PLC069237 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mil Industries Limited 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 Mil 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 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 55/100, margin trends, ownership structure and peer set for Mil Industries Limited - 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 Mil Industries Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Mil Industries Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mil Industries Limited an active company?
Mil Industries Limited has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Mil Industries Limited financially healthy?
Mil Industries Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Mil Industries Limited?
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 Mil Industries Limited?
Promoters hold a majority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Mil Industries Limited have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 10 earlier charge(s) stand satisfied.
Is Mil Industries Limited 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 Mil Industries Limited?
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.
