Promoter holding
64.27%
MI
Munters India Humidity Control Private Limited - Due diligence report
A 360° intelligence report on Munters: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Munters — 360° Intelligence Report
Generated from MCA filings & public records68/100
Trust Score
Moderate
Munters is assessed as Moderate with a Trust Score of 68/100. Munters is an active private limited indian non-government company incorporated in 2007, operating in the Information Technology sector. The company has shown revenue growth 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 moderate compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Munters India Humidity Control Private 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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
Charges position: 1 open (65.00 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2023 - filings overdue.
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NIKHIL MADHUKAR PADTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUJATA WUTHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PER KASPAR HENRIK KIRCHMANN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKSHADA RAJENDRA SATPALKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 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
Ab Carl Munters (aktiebolaget Carl Munters )
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ab Carl Munters (aktiebolaget Carl Munters ) | Holding Company | 74.00% |
Key managerial personnel: SUJATA WUTHOO (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
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 assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 65.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view61/100
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 events05 Dec 2025
Charge created
Others - 65.00 cr
26 Sep 2025
Director appointed
MANISH KUMAR GUPTA (Company Secretary)
26 Mar 2025
Director appointed
NIKHIL MADHUKAR PADTE (Additional Director)
31 Dec 2024
Director ceased
NIKHIL MADHUKAR PADTE
22 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
01 Oct 2021
Director ceased
SUJATA WUTHOO
28 Jun 2021
Director ceased
ADRIAN AGNELO MASCARENHAS
17 Jun 2021
Director appointed
SUJATA WUTHOO (Managing Director)
02 Mar 2021
Director ceased
KENNETH HANIS
21 Dec 2020
Director appointed
PER KASPAR HENRIK KIRCHMANN (Director)
02 Mar 2020
Director appointed
AKSHADA RAJENDRA SATPALKAR (Company Secretary)
16 Oct 2018
Director ceased
DIETMAR HERBERT MULLER
19 Jun 2017
Securities allotted
27802500 Equity Shares - 27.80 cr raised
06 Jun 2012
Director ceased
PER SUNE SEGERSTROM
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.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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 4 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Munters before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Munters: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Munters - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Munters 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 Munters - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Munters an active company?
Munters has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Munters financially healthy?
Munters has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Munters?
Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Munters?
The ultimate holding entity is Ab Carl Munters (aktiebolaget Carl Munters ). 5 active director(s) are on record.
Does Munters have loans or charges against its assets?
1 open charge(s) are registered against its assets.
Is Munters up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Munters?
Its Credit Risk Score is 30/100 (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.
