Promoter holding
64.27%
PE
Prayas Engineering Limited - Due diligence report
A 360° intelligence report on Prayas Engineering: trust score, financial health, credit view, compliance, directors, growth and distress sig…
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Prayas Engineering — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Prayas Engineering is assessed as Low Risk with a Trust Score of 86/100. Prayas Engineering is an active public limited indian non-government company incorporated in 1963, 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 moderate compliance risk and low financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. Prayas Engineering 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
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
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 2 open (67.90 cr) · 22 satisfied (1,148.79 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Indusind Bank Limited | 1 | 48.0 cr |
| Uti Bank Limited | 1 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (24 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DINESHBHAI MANUBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVIN RAMANLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAYASVIN PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jaymin Jayprakash Bhatt | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nileshkumar Dhirubhai Shelat | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vipul Harshadbhai Raval | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 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 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
Aakaaish Investments Private Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 7 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Aakaaish Investments Private Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 62+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 70.62 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment85/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 67.90 cr already registered.
- Compliance record supports lending.
Investor view93/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events08 Nov 2025
Director appointed
Nileshkumar Dhirubhai Shelat (Additional Director)
Director appointed
Vipul Harshadbhai Raval (Additional Director)
25 Sep 2025
Charge created
Yes Bank Limited - 5.90 cr
15 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
02 Aug 2024
Director appointed
Jaymin Jayprakash Bhatt (Company Secretary)
27 Feb 2024
Charge satisfied
Idbi Bank Limited
25 Jan 2024
Charge satisfied
Sbicap Trustee Company Limited
09 Aug 2021
Director ceased
RAVIN RAMANLAL SHAH
17 Jun 2021
Charge created
Idbi Bank Limited - 1.96 cr
26 Feb 2021
Charge satisfied
Others
17 Dec 2020
Securities allotted
400000 Debentures - 4.00 cr raised
07 Dec 2020
Director appointed
RAVIN RAMANLAL SHAH (Director)
01 Jun 2020
Director ceased
PRASHANT CHANDRAKANT AMIN
01 Nov 2019
Director ceased
AISHWARYA PRAYASVIN PATEL
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% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling 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 2 security allotment(s) - amounts available in the full report.
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| Gg Automotive Gears | L29130MP1974PLC035049 | Dewas, Madhya Pradesh, India |
| Expo Gas Containers | L40200MH1982PLC027837 | Mumbai, Maharashtra, India |
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Prayas Engineering before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Prayas Engineering: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Prayas Engineering - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Prayas Engineering 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 Prayas Engineering - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Prayas Engineering an active company?
Prayas Engineering has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Prayas Engineering financially healthy?
Prayas Engineering has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Prayas Engineering?
Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Prayas Engineering?
The ultimate holding entity is Aakaaish Investments Private Limited. 6 active director(s) are on record.
Does Prayas Engineering have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 22 earlier charge(s) stand satisfied.
Is Prayas Engineering up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Prayas Engineering?
Its Credit Risk Score is 85/100 (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.
