Promoter holding
64.27%
MM
Milltec Machinery Limited - Due diligence report
A 360° intelligence report on Milltec Machinery: trust score, financial health, credit view, compliance, directors, growth and distress sign…
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Milltec Machinery — 360° Intelligence Report
Generated from MCA filings & public records61/100
Trust Score
Moderate
Milltec Machinery is assessed as Moderate with a Trust Score of 61/100. Milltec Machinery is a public limited indian non-government company incorporated in 1998, operating in the Machinery and Equipment 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 high compliance risk and low financial risk profile.
Report generated on 06 Jul 2026 from the latest processed filings. Milltec Machinery 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
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 0 open (-) · 6 satisfied (80.44 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| L & T Finance Limited | 2 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| Sundaram Home Finance Limited | 1 | 48.0 cr |
Compliance Score: 23/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2019 - filings overdue.
- Litigation present in 1 court forum(s).
- 2 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJENDRAN JOGHEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AVIJIT MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajan Agarwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GANAPATHY SUBRAMANIAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RYAN GORDON KIPP | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NOAM SILBERSTEIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NICOLLE PARKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAN AGGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRABHAKAR TADEPALLI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRUPAMA VELLORE GANAPATHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TIMOTHY CLOSE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAIAH RAVINDRANATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| STEVEN ROBERT SOMMERFELD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GANAPATHY SUBRAMANIAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- NICOLLE PARKER has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| 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 2019 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
Milltec Machinery Private Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)
| Group entity | Relationship | % held |
|---|---|---|
| Milltec Machinery Private Limited | Holding Company | 74.00% |
Key managerial personnel: RAJENDRAN JOGHEE (Managing Director) · Rajan Agarwal (CEO) · GANAPATHY SUBRAMANIAM (CFO) · RAJAN AGGARWAL (CEO) · RAMAIAH RAVINDRANATH (Managing Director) · GANAPATHY SUBRAMANIAM (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence44/100
Caution indicated
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 assessment76/100
Favourable lending indicators
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 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 churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events27 Feb 2020
Director appointed
AVIJIT MISHRA (Company Secretary)
03 Aug 2019
Last AGM held
Annual general meeting
31 Jul 2019
Director appointed
RYAN GORDON KIPP (Director)
Director appointed
NOAM SILBERSTEIN (Director)
Director appointed
NICOLLE PARKER (Additional Director)
31 Mar 2019
Latest balance sheet
Filed with ROC
28 Mar 2019
Director appointed
TIMOTHY CLOSE (Director)
Director appointed
STEVEN ROBERT SOMMERFELD (Director)
Director ceased
RAJENDRAN JOGHEE
Director ceased
PRAKASH KULATHU IYER
Director ceased
SRIDHAR SANKARARAMAN
Director ceased
SARAVANAN ARUMUGAM
Director ceased
TIMOTHY CLOSE
Director ceased
RAJASEKHARA REDDY
Director ceased
STEVEN ROBERT SOMMERFELD
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
14 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A from Icra.
EPFO-registered employer - verifiable payroll history exists.
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.
| Company | CIN | Location |
|---|---|---|
| Autolite (India) | L31506RJ1977PLC001738 | Jaipur, Rajasthan, India |
| Goldcrest Services Private Limited | U74120GJ2011PTC067003 | Ahmedabad, Gujarat, India |
| Ramratna | U29309GJ1989PLC012222 | Baroda, Gujarat, India |
| Abhishekauto | U34101TN1985PTC128107 | Kancheepuram, Tamil Nadu, India |
| Minda Auto Components Limited | U25209DL1996PLC083240 | Delhi, Delhi, India |
| Sterling Generators Private Limited | U99999MH1995PTC085899 | Mumbai, Maharashtra, India |
| Saisons Trade & Industry Private Limited | U24100MH1999PTC121908 | Mumbai, Maharashtra, India |
| Voltas | U29193MH2001PLC249228 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Milltec Machinery before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Milltec Machinery: 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 75/100, margin trends, ownership structure and peer set for Milltec Machinery - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Milltec Machinery pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Milltec Machinery - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Milltec Machinery an active company?
Milltec Machinery has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).
Is Milltec Machinery financially healthy?
Milltec Machinery has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Milltec Machinery?
Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Milltec Machinery?
The ultimate holding entity is Milltec Machinery Private Limited. 14 active director(s) are on record.
Does Milltec Machinery have loans or charges against its assets?
No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Milltec Machinery up to date with its ROC filings?
Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).
Is it risky to lend to Milltec Machinery?
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.
