Milind Electricals Pvt Ltd - Due diligence report

A 360° intelligence report on Milind Electricals Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and dist…

1984-02-22 Palghar, Maharashtra Active Unlisted Active Compliant
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Milind Electricals Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Milind Electricals Pvt Ltd is assessed as Low Risk with a Trust Score of 82/100. Milind Electricals Pvt Ltd is an active private limited indian non-government company incorporated in 1984, operating in the Energy and Power sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Milind Electricals Pvt Ltd snapshot & full profile →

Financial Health › Neutral
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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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.

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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: 25/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 3 open (2.18 cr) · 4 satisfied (1.39 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Bank Of Maharashtra3 48.0 cr
Bank Of Mahrashtra1 48.0 cr
Mahrashtra State Financial Corporation1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJIVANI MILIND VAIDYA 01234567 Director 01/04/2018 6 yrs Approved
MILIND GOVIND VAIDYA 01234567 Director 01/04/2018 6 yrs Approved
ADITYA MILIND VAIDYA 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 2016)
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 2018 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
Aakash Universal Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Aakash Universal Limited Holding Company 74.00%

Key managerial personnel: MILIND GOVIND VAIDYA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 42+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
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 assessment50/100
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 2.18 cr already registered.
  • Compliance record supports lending.
Investor view66/100
Mixed 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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Dec 2020
Charge created
Others - 5.00 Lakh
21 Nov 2019
Charge created
Others - 2.00 cr
13 Nov 2019
Director ceased
RAHUL PRABHAKAR AMBEGAOKAR
Director ceased
AAKANSHA YASH VEDMUTHA
Director ceased
SANTOSH RAM JAJODIA
Director ceased
AAKASH RAMAWATAR JAJODIA
04 Nov 2019
Charge satisfied
Bank Of Maharashtra
Charge satisfied
Bank Of Mahrashtra
28 Mar 2011
Securities allotted
14580 Equity Shares Without Differential Rights - 14.58 Lakh raised
19 Jan 2011
Director appointed
ADITYA MILIND VAIDYA (Director)
22 Mar 2009
Director ceased
GOVIND BHAURAO VAIDYA
21 Jan 2008
Director appointed
SANJIVANI MILIND VAIDYA (Director)
Director ceased
PRASHANT SHASHIKANT VAIDYA
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.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ecstasy Renewable Energy U74999MH2016PTC281839 Nashik, Maharashtra, India
Odema Renewables India Private Limited U40300DL2012PTC233783 New Delhi, Delhi, India
Sanwaria Energy Limited U04010MP2005PLC018218 Bhopal, Madhya Pradesh, India
Ktv Power And Logistics Private Limited U40105TN2010PTC077094 Chennai, Tamil Nadu, India
Skyline Solar Private Limited U74900CH2012PTC033888 Chandigarh, Chandigarh, India
Sagar Power (Neerukatte) Private Limited U40101KA2003PTC031550 Bangalore North, Karnataka, India
Kintechsynergy U40300GJ2012PTC073118 Ahmedabad, Gujarat, India
Rohtang Transmission Private Limited U40300UR2009PTC032776 Dehradun, Uttarakhand, India
12

Who Uses This Report

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

Verify Milind Electricals Pvt Ltd before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Milind Electricals Pvt 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Milind Electricals Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Milind Electricals Pvt 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 Milind Electricals Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Milind Electricals Pvt Ltd an active company?

Milind Electricals Pvt Ltd has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Milind Electricals Pvt Ltd financially healthy?

Milind Electricals Pvt Ltd has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Milind Electricals Pvt Ltd?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Milind Electricals Pvt Ltd?

The ultimate holding entity is Aakash Universal Limited. 3 active director(s) are on record.

Does Milind Electricals Pvt Ltd have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Milind Electricals Pvt Ltd up to date with its ROC filings?

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

Is it risky to lend to Milind Electricals Pvt Ltd?

Its Credit Risk Score is 25/100 (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.