Nitiraj Engineers Limited - Due diligence report

A 360° intelligence report on Nitiraj: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…

1999-04-01 Mumbai, Maharashtra Active Listed Active Compliant
Share
View plans Plan
NE Nitiraj Engineers Limited
View plans Plan
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹349 50% off New user
Or enjoy up to 50% off with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Nitiraj — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Nitiraj is assessed as Low Risk with a Trust Score of 76/100. Nitiraj is an active public limited indian non-government company incorporated in 1999, operating in the Machinery and Equipment 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 moderate financial risk profile.

Report generated on 12 Jul 2026 from the latest processed filings. Nitiraj Engineers Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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 & explainable
Trust ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 access

Scores 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
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 2 open (33.90 cr) · 2 satisfied (6.45 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
State Bank Of India2 48.0 cr
Others1 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • Litigation present in 2 court forum(s).
  • 8 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
Gajendra Sharadchandra Deshmukh 01234567 Director 01/04/2018 6 yrs Approved
ANIL NANDKISHOR BANGAD 01234567 Director 01/04/2018 6 yrs Approved
PRADEEP CHANDRAKANT SHAH 01234567 Director 01/04/2018 6 yrs Approved
RAJESH RAGHUNATH BHATWAL 01234567 Director 01/04/2018 6 yrs Approved
YI HUNG SIN 01234567 Director 01/04/2018 6 yrs Approved
PRANIT ANIL BANGAD 01234567 Director 01/04/2018 6 yrs Approved
AVINASH RAJARAM CHANDSARKAR 01234567 Director 01/04/2018 6 yrs Approved
DEEPAM PRADEEP SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHAKUNTALA RAJESH BHATWAL 01234567 Director 01/04/2018 6 yrs Approved
DEEPIKA AMIT DALMIYA 01234567 Director 01/04/2018 6 yrs Approved
Ashishkumar Gopalkrushna Sharma 01234567 Director 01/04/2018 6 yrs Approved
  • 11 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 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / 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
1
Capital events
3 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Hyper Drive Information Technologies Private Limited Associate Company 74.00%

Key managerial personnel: Gajendra Sharadchandra Deshmukh (Whole-time director) · RAJESH RAGHUNATH BHATWAL (Managing Director) · YI HUNG SIN (Whole-time director) · SHAKUNTALA RAJESH BHATWAL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 90
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (56/100).
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 33.90 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view66/100
Mixed 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 events
08 Dec 2025
Charge created
Others - 4.90 cr
23 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Feb 2025
Director appointed
ANIL NANDKISHOR BANGAD (Director)
21 Jun 2024
Director appointed
Ashishkumar Gopalkrushna Sharma (Cfo)
01 Apr 2024
Director ceased
Gajendra Sharadchandra Deshmukh
05 Feb 2024
Director appointed
Gajendra Sharadchandra Deshmukh (Whole-time director)
Director appointed
PRADEEP CHANDRAKANT SHAH (Director)
13 Jun 2022
Director ceased
PRANIT ANIL BANGAD
Director ceased
AVINASH RAJARAM CHANDSARKAR
Director ceased
DEEPAM PRADEEP SHAH
06 Jan 2022
Director appointed
PRANIT ANIL BANGAD (Director)
Director appointed
AVINASH RAJARAM CHANDSARKAR (Director)
Director appointed
DEEPAM PRADEEP SHAH (Director)
01 Dec 2021
Director ceased
ANIL NANDKISHOR BANGAD
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
8 active GST registration(s) indicate ongoing business operations.
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 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vivaan Electronic Technology Private Limited U46520DL2016PTC305550 New Delhi, Delhi, India
Dhanraj Switchgears Private Limited U31900MH2008PTC184875 Nashik, Maharashtra, India
Maxim Smt Technologies Private Limited U32109HR2008PTC037828 Gurgaon, Haryana, India
Dolgix U51909DL2004PTC127576 New Delhi, Delhi, India
K L Export Private Limited U51399HR1999PTC138742 Ballabgarh, Haryana, India
Jayashree Electron Pvt Ltd U99999MH1982PTC028024 Pune, Maharashtra, India
Puri Electronics Private Ltd. U74899DL1985PTC021549 South Delhi, Delhi, India
Viz Technologies Private Limited U72200TG1986PTC006655 Hyderabad, Telangana, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Nitiraj before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Nitiraj: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Nitiraj - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Nitiraj 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 Nitiraj - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Nitiraj an active company?

Nitiraj has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Nitiraj financially healthy?

Nitiraj has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Nitiraj?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Nitiraj?

Promoters hold a majority stake - exact percentages are in the full report. 11 active director(s) are on record.

Does Nitiraj have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Nitiraj up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Nitiraj?

Its Credit Risk Score is 70/100 (Moderate). 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.