Promoter holding
64.27%
ML
Mukand Limited - Due diligence report
A 360° intelligence report on Mukand: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Mukand — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Mukand is assessed as Moderate with a Trust Score of 66/100. Mukand is an active public limited indian non-government company incorporated in 1937, 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 moderate financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Mukand 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
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 13 open (369.12 cr) · 75 satisfied (4,772.33 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 17 | 48.0 cr |
| The Western India Trustee & Executor Company Ltd | 2 | 48.0 cr |
| Dena Bank | 4 | 48.0 cr |
| Central Bank Of India | 4 | 48.0 cr |
| Idbi Bank Limited | 3 | 48.0 cr |
| Abn-Amro Bank N.V. | 1 | 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: NSDL, CDSL, BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (54 disclosure(s)).
- 19 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ARVIND MADHAV KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRAVNAYAN NIRAJ BAJAJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA DATTARAM SAWANT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHANESH KANAIYALAL GORADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRAJKUMAR RAMKRISHNAJI BAJAJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TASNEEM VIKRAM SINGH MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANKARAN RADHAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prem Kumar Swamidas Chandrani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- 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 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
1
Group entities
3
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mukand Sumi Metal Processing Ltd. | Subsidiary Company | 74.00% |
| Hospet Steels Limited | Joint Ventures | 74.00% |
| Bombay Forgings Limited | Associate Company | 74.00% |
Key managerial personnel: NIRAVNAYAN NIRAJ BAJAJ (Whole-time director) · DHANESH KANAIYALAL GORADIA (CFO) · NIRAJKUMAR RAMKRISHNAJI BAJAJ (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
Operating for 88+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Compliance score is weak (42/100).
13 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.54 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
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 assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 13 open charge(s) of 369.12 cr already registered.
- Compliance gaps should be priced into terms.
Investor view64/100
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 events04 Oct 2025
Charge satisfied
Others
08 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Mar 2025
Director ceased
TASNEEM VIKRAM SINGH MEHTA
10 Feb 2025
Director appointed
TASNEEM VIKRAM SINGH MEHTA (Director)
10 Sep 2024
Director appointed
Prem Kumar Swamidas Chandrani (Director)
16 May 2023
Director appointed
NIRAVNAYAN NIRAJ BAJAJ (Whole-time director)
29 Jun 2022
Director ceased
ARVIND MADHAV KULKARNI
28 Jun 2022
Director appointed
ARVIND MADHAV KULKARNI (Director)
17 Jun 2022
Securities allotted
3089702 Equity Shares - 3.09 cr raised
01 Jun 2022
Director appointed
DHANESH KANAIYALAL GORADIA (CFO)
31 May 2022
Director ceased
UMESH VASUDEO JOSHI
17 May 2022
Director appointed
RAJENDRA DATTARAM SAWANT (Company Secretary)
01 May 2022
Director ceased
JAYAVANTH KALLIANPUR MALLYA
20 Apr 2022
Charge satisfied
Dena Bank
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.
8 active director(s) / partner(s); board looks stable and experienced.
19 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 4 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Texmaco | L29261WB1998PLC087404 | Kolkata, West Bengal, India |
| Skipper | L40104WB1981PLC033408 | Kolkata, West Bengal, India |
| Gpil | L27106CT1999PLC013756 | Raipur, Chattisgarh, India |
| Jbm Group | L74899HR1996PLC123264 | Faridabad, Haryana, India |
| Ifb Industries | L51109WB1974PLC029637 | Kolkata, West Bengal, India |
| Skf | L29130PN1961PLC213113 | Pune, Maharashtra, India |
| Sterlite Power | U74120PN2015PLC156643 | Pune, Maharashtra, India |
| Rimjhim Ispat | U27101UP1991PLC012679 | Kanpur, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mukand 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 Mukand: 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Mukand - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Mukand 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 Mukand - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mukand an active company?
Mukand has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Mukand financially healthy?
Mukand has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Mukand?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mukand?
Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Mukand have loans or charges against its assets?
13 open charge(s) are registered against its assets, and 75 earlier charge(s) stand satisfied.
Is Mukand 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 Mukand?
Its Credit Risk Score is 40/100 (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.
