Promoter holding
64.27%
MI
Milton Industries Limited - Due diligence report
A 360° intelligence report on Milton Industries: trust score, financial health, credit view, compliance, directors, growth and distress sign…
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Milton Industries — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Milton Industries is assessed as Low Risk with a Trust Score of 80/100. Milton Industries is an active public limited indian non-government company incorporated in 1985, operating in the Consumer Goods 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 moderate compliance risk and low financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Milton 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
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
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 75/100 Low Risk
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (BB-).
Charges position: 7 open (71.71 cr) · 20 satisfied (29.05 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 2 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Punjab National Bank | 16 | 48.0 cr |
| Sate Bank Of India | 2 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Punjab Nation Bank | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: SAPAN VASA & CO on 2020-12-16.
- Delayed payments to MSME suppliers disclosed (42 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MAHESHBHAI SAMATBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAKESH TARACHAND MEHTANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RONAK MAHESHWARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAKET JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY MAHIPAL SINGH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIKAS JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAKET JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VAIBHAV AJAY JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEHA JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY PAL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAYKUMAR MAHIPALSINGH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 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 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
2 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: SAKET JAIN (CFO) · VIKAS JAIN (Whole-time director) · SAKET JAIN (Whole-time director) · VIJAY PAL JAIN (Managing Director) · ABHAYKUMAR MAHIPALSINGH JAIN (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 80
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
Compliance score is weak (50/100).
7 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.30 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 71.71 cr already registered.
- Compliance gaps should be priced into terms.
Investor view75/100
Positive growth indicators
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 events30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
09 Mar 2023
Charge created
Hdfc Bank Limited - 14.57 Lakh
12 Sep 2022
Charge created
Others - 9.95 cr
04 Jun 2021
Charge created
Others - 9.95 cr
27 Apr 2021
Charge satisfied
Hdfc Bank Limited
01 Jan 2020
Director appointed
RONAK MAHESHWARI (Company Secretary)
30 Sep 2019
Director ceased
VAIBHAV AJAY JAIN
02 Mar 2019
Director appointed
VAIBHAV AJAY JAIN (Director)
29 Sep 2018
Director ceased
MAHESHBHAI SAMATBHAI PATEL
Director ceased
RAKESH TARACHAND MEHTANI
Director ceased
ANKUR ASHOKKUMAR AGRAWAL
Director ceased
AJAY R LODHA
Director ceased
ISHWAR SINGH
21 Jul 2018
Director ceased
AJAYKUMAR BRIJMOHAN TOLA
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
11 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 BB- from Care.
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.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Handa Plywood Private Limited | U20211PB1989PTC009282 | Punjab, Punjab, India |
| Positive Chipboards (India) Private Limited | U20213KL2010PTC027196 | Kunnathunad, Kerala, India |
| Shreerangam Packaging Private Limited | U74950GJ1991PTC016215 | Ahmedabad, Gujarat, India |
| Sushant Packaging Private Limited | U21098MH2011PTC214619 | Nagpur, Maharashtra, India |
| Micro Motion India Private Limited | U74110CH1991PTC011491 | Chandigarh, Chandigarh, India |
| Elysium Industries India Private Limited | U21099GJ2020PTC112254 | Navsari, Gujarat, India |
| Silver Prints Private Limited | U22200TG2009PTC064879 | Hyderabad, Telangana, India |
| Hunsur Plywood Works Private Limited | U20232KA1961PTC001437 | Hunsur, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Milton Industries before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Milton Industries: 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 75/100, 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 Milton Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Milton Industries 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 Milton Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Milton Industries an active company?
Milton Industries has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Milton Industries financially healthy?
Milton Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Milton Industries?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Milton Industries?
Promoters hold a majority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Milton Industries have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 20 earlier charge(s) stand satisfied.
Is Milton Industries up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Milton Industries?
Its Credit Risk Score is 75/100 (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.
