Promoter holding
64.27%
MC
Minda Corporation Limited - Due diligence report
A 360° intelligence report on Spark Minda: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Spark Minda — 360° Intelligence Report
Generated from MCA filings & public records81/100
Trust Score
Low Risk
Spark Minda is assessed as Low Risk with a Trust Score of 81/100. Spark Minda is an active public limited indian non-government company incorporated in 1985, operating in the Automotive 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 low compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Minda Corporation 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
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 70/100 Moderate
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 20 open (1,649.00 cr) · 178 satisfied (770.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 115 | 48.0 cr |
| Hdfc Bank Limited | 15 | 48.0 cr |
| State Bank Of India | 5 | 48.0 cr |
| Standard Chartered Bank | 8 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| Karnataka Bank Ltd. | 11 | 48.0 cr |
Compliance Score: 78/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (6089 disclosure(s)).
- 31 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ASHOK KUMAR JHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI SUD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARESH KUMAR MODI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK MINDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARDEEP MANN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRATIMA RAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAJANAN VITHAL GANDHE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHIM VOHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRI VINOD RAHEJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LAXMAN RAMNARAYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AAKASH MINDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARDEEP MANN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 4 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 2025 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
3
Group entities
6
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Almighty International Pte. Ltd | Subsidiary Company | 74.00% |
| Minda Europe B.v. | Subsidiary Company | 74.00% |
| Minda Instruments Limited | Subsidiary Company | 74.00% |
| Minda Vietnam Automotive Co Limited | Subsidiary Company | 74.00% |
| Pt Minda Automotive Trading, Indonesia | Subsidiary Company | 74.00% |
| Pt Minda Automotive, Indonesia | Subsidiary Company | 74.00% |
| Spark Minda Foundation | Subsidiary Company | 74.00% |
| Spark Minda Green Mobility Systems Private Limited | Subsidiary Company | 74.00% |
| Minda Infac Private Limited | Joint Ventures | 74.00% |
| Minda Vast Access Systems Private Limited | Joint Ventures | 74.00% |
Key managerial personnel: NARESH KUMAR MODI (Whole-time director) · ASHOK MINDA (Whole-time director) · ASHIM VOHRA (CEO) · SHRI VINOD RAHEJA (CFO) · AAKASH MINDA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
20 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 48.85 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence80/100
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 assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 20 open charge(s) of 1,649.00 cr already registered.
- Compliance record supports lending.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Nov 2025
Director ceased
VINOD RAHEJA
01 Sep 2025
Charge satisfied
Others
31 Aug 2025
Director ceased
ASHIM VOHRA
22 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Mar 2025
Charge created
State Bank Of India - 200.00 cr
25 Mar 2025
Charge created
Hdfc Bank Limited - 150.00 cr
19 Mar 2025
Charge created
Others - 10.00 cr
27 Jan 2025
Charge created
Others - 25.00 cr
30 Dec 2024
Charge created
Others - 150.00 cr
21 Dec 2024
Charge created
State Bank Of India - 200.00 cr
28 Nov 2024
Charge created
Hdfc Bank Limited - 40.50 cr
22 May 2024
Director appointed
LAXMAN RAMNARAYAN (Director)
01 Apr 2024
Director ceased
AVINASH PARKASH GANDHI
01 Feb 2024
Director appointed
RAVI SUD (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); board looks stable and experienced.
31 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 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.
31 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Precision | L31300MH1989PLC054356 | Mumbai, Maharashtra, India |
| Vindhya Telelinks | L31300MP1983PLC002134 | Rewa., Madhya Pradesh, India |
| Electrotherm | L29249GJ1986PLC009126 | Ahmadabad City, Gujarat, India |
| Vestas | U40101TN1996PTC036871 | Tambaram, Tamil Nadu, India |
| Krishna Grupo Antolin Private Limited | U00000HR2004PTC049273 | Gurgaon, Haryana, India |
| Ge | L31102DL1957PLC193993 | New Delhi, Delhi, India |
| Ifb Industries | L51109WB1974PLC029637 | Kolkata, West Bengal, India |
| Isgec Heavy Engineering | L23423HR1933PLC000097 | Haryana, Haryana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spark Minda before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spark Minda: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Spark Minda - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Spark Minda 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 Spark Minda - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spark Minda an active company?
Spark Minda has MCA status “Active” with a compliance score of 78/100 (Low Risk).
Is Spark Minda financially healthy?
Spark Minda has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Spark Minda?
Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spark Minda?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Spark Minda have loans or charges against its assets?
20 open charge(s) are registered against its assets, and 178 earlier charge(s) stand satisfied.
Is Spark Minda up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 78/100 (Low Risk).
Is it risky to lend to Spark Minda?
Its Credit Risk Score is 70/100 (Moderate). 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.
