Promoter holding
64.27%
ME
Mirc Electronics Limited - Due diligence report
A 360° intelligence report on Onida: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Onida — 360° Intelligence Report
Generated from MCA filings & public records61/100
Trust Score
Moderate
Onida is assessed as Moderate with a Trust Score of 61/100. Onida is an active public limited indian non-government company incorporated in 1981, operating in the Consumer Electronics & Durables sector. Reported revenue has declined 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 high compliance risk and high financial risk profile.
Report generated on 06 Jul 2026 from the latest processed filings. Mirc Electronics 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
42/100
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
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Externally credit-rated (BBB-).
Charges position: 16 open (836.91 cr) · 33 satisfied (1,101.42 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 18 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Icici Bank Limited | 1 | 48.0 cr |
| Canara Bank | 4 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, CDSL, NSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (68 disclosure(s)).
- 23 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MOHITA ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIRISH MOHANBHAI SUVAGIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRASAD ARUN OAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NANDINI MANSINGHKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND RAJKISHORE SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAVAL GULU MIRCHANDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Milind Chandrakant Pokle | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY JAIKRISHIN MANSUKHANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SASHA GULU MIRCHANDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shirish Mohanbhai Suvagia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- Average tenure above 5 years.
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
7 allotment(s) · 9 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Akasaka Electronics Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SHIRISH MOHANBHAI SUVAGIA (Whole-time director) · KAVAL GULU MIRCHANDANI (Managing Director) · VIJAY JAIKRISHIN MANSUKHANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 45+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
Compliance score is weak (42/100).
16 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 97.44 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence55/100
Review suggested
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 assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 16 open charge(s) of 836.91 cr already registered.
- Compliance gaps should be priced into terms.
Investor view47/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 Sep 2025
Charge satisfied
Others
18 Aug 2025
Last AGM held
Annual general meeting
17 Aug 2025
Director ceased
SASHA GULU MIRCHANDANI
07 Jul 2025
Charge created
Others - 60.00 cr
20 May 2025
Director appointed
SASHA GULU MIRCHANDANI (Director)
Director ceased
GULU LALCHAND MIRCHANDANI
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Sep 2024
Director ceased
Milind Chandrakant Pokle
02 Sep 2024
Director appointed
Milind Chandrakant Pokle (Director)
16 Jan 2024
Director ceased
NANDINI MANSINGHKA
02 Nov 2023
Director appointed
NANDINI MANSINGHKA (Director)
11 Oct 2023
Director ceased
VIKRAM SURENDRAN
01 Aug 2023
Charge satisfied
State Bank Of India
02 Jul 2023
Director ceased
SHIRISH MOHANBHAI SUVAGIA
06 Apr 2023
Director appointed
Shirish Mohanbhai Suvagia (Cfo)
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
23 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
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.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Lianchuang Electronic India Private Limited | U29309UP2019FTC116229 | Noida, Uttar Pradesh, India |
| Salcomp | U32309TN2019PTC133300 | Kancheepuram, Tamil Nadu, India |
| Bhagwati Products | U15412DL2002PLC258355 | New Delhi, Delhi, India |
| Dixon Technologies | U32309UP2017PTC090189 | Noida, Uttar Pradesh, India |
| India Optel Limited | U31909UR2021GOI012802 | Dehradun, Uttarakhand, India |
| Sterlite Tech Cables Solutions Limited | U74999MH2019PLC333336 | Aurangabad, Maharashtra, India |
| Servercom (India) Private Limited | U31109DL2019FTC358249 | Mathura Road Block B, Delhi, India |
| Htl | U93090TN1960PLC004355 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Onida before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Onida: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Onida - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Onida 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 Onida - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Onida an active company?
Onida has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Onida financially healthy?
Onida has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Onida?
Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Onida?
Promoters hold a majority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Onida have loans or charges against its assets?
16 open charge(s) are registered against its assets, and 33 earlier charge(s) stand satisfied.
Is Onida up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Onida?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
