Promoter holding
64.27%
PI
Piotex Industries Limited - Due diligence report
A 360° intelligence report on Piotex Industries Limited: trust score, financial health, credit view, compliance, directors, growth and distr…
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Piotex Industries Limited — 360° Intelligence Report
Generated from MCA filings & public records87/100
Trust Score
Low Risk
Piotex Industries Limited is assessed as Low Risk with a Trust Score of 87/100. Piotex Industries Limited is an active public limited indian non-government company incorporated in 2019, 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 low compliance risk and low financial risk profile.
Report generated on 26 Jul 2026 from the latest processed filings. Piotex Industries 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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (8.75 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Tirupati Urban Co-Op. Bank Limited | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 82/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 auditor resignation(s) filed - latest: ACHYUT EKHE & CO. on 2023-08-25.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VIJENDRA KAMALRAO DESHMUKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YOGESH OMPRAKASH NIMODIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAY SHRIRAM ASALKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP VITTHALRAO DEORE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVISHA KUNAL CHAUHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Yogesh Omprakash Nimodiya | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mahendra Singh Rajpoot | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
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
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: ABHAY SHRIRAM ASALKAR (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
EPFO headcount growing - hiring signal.
Operating for 6 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.73 Lakh.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence86/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment92/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events28 Jul 2025
Last AGM held
Annual general meeting
27 Jul 2025
Director ceased
VIJENDRA KAMALRAO DESHMUKH
30 Jun 2025
Director appointed
VIJENDRA KAMALRAO DESHMUKH (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2023
Director appointed
Mahendra Singh Rajpoot (Company Secretary)
22 Sep 2023
Director appointed
Yogesh Omprakash Nimodiya (Cfo)
15 Sep 2023
Director appointed
BHAVISHA KUNAL CHAUHAN (Director)
24 Aug 2023
Director ceased
YOGESH OMPRAKASH NIMODIYA
Director ceased
ABHAY SHRIRAM ASALKAR
09 Dec 2022
Charge satisfied
Tirupati Urban Co-Op. Bank Limited
30 Sep 2022
Director ceased
VIJAY VITHALRAO DEORE
Director ceased
SANDEEP VITTHALRAO DEORE
06 Jan 2022
Charge created
Tirupati Urban Co-Op. Bank Limited - 6.75 cr
30 Nov 2021
Director appointed
SANDEEP VITTHALRAO DEORE (Director)
20 Oct 2021
Charge satisfied
Axis Bank Limited
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 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Capital has been raised through 1 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 Piotex Industries Limited before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Piotex Industries Limited: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Piotex Industries Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Piotex Industries Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Piotex Industries Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Piotex Industries Limited an active company?
Piotex Industries Limited has MCA status “Active” with a compliance score of 82/100 (Low Risk).
Is Piotex Industries Limited financially healthy?
Piotex Industries Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Piotex Industries Limited?
Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Piotex Industries Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.
Does Piotex Industries Limited have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Piotex Industries Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).
Is it risky to lend to Piotex Industries Limited?
Its Credit Risk Score is 95/100 (Low Risk). 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.
