Promoter holding
64.27%
RP
Rays Power Experts Limited - Due diligence report
A 360° intelligence report on Rays Experts: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Rays Experts — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Rays Experts is assessed as Low Risk with a Trust Score of 78/100. Rays Experts is an active public limited indian non-government company incorporated in 2011, operating in the Energy and Power sector. Reported revenue has declined 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 low financial risk profile.
Report generated on 23 Jun 2026 from the latest processed filings. Rays Power Experts 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
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
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 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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- 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 (81.30 cr) · 4 satisfied (128.13 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Indian Overseas Bank | 1 | 48.0 cr |
| State Bank Of Bikaner And Jaipur | 1 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Reliance Capital Ltd | 1 | 48.0 cr |
| Small Industries Development Bank Of India | 1 | 48.0 cr |
Compliance Score: 40/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO, BANKS, NCLT.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: R. Mohnot & Co. LLP on 2018-09-01.
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SATYA NARAYAN VIJAYVERGIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAISHANKER PRASAD KANHAIYA LAL BANSAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIDHI GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sampat Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 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 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
-
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mighty Avengers Solar Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAHUL GUPTA (Managing Director) · NIDHI GUPTA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 90
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (40/100).
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment63/100
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 81.30 cr already registered.
- Compliance gaps should be priced into terms.
Investor view75/100
Positive growth 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 events02 Dec 2025
Charge created
Indian Overseas Bank - 75.00 cr
30 Sep 2025
Last AGM held
Annual general meeting
08 May 2025
Director appointed
JAISHANKER PRASAD KANHAIYA LAL BANSAL (Director)
07 May 2025
Director ceased
RAHUL GUPTA
Director ceased
NIDHI GUPTA
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Feb 2025
Director appointed
Sampat Kumar (Cfo)
30 Sep 2024
Director appointed
SATYA NARAYAN VIJAYVERGIYA (Director)
27 Sep 2024
Charge created
Others - 6.30 cr
05 Apr 2022
Charge satisfied
State Bank Of Bikaner And Jaipur
24 Feb 2022
Charge satisfied
Small Industries Development Bank Of India
15 Oct 2020
Director ceased
NEHA GUPTA
30 Sep 2020
Charge satisfied
Others
26 Mar 2019
Charge satisfied
Reliance Capital Ltd
01 Jun 2018
Director ceased
PRIYANKA GUPTA
10
Key Observations
Auto-generated from the data aboveRevenue declined 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.
5 active director(s) / partner(s); board looks stable and experienced.
4 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.
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| Ddf Consultants | U74140DL2008PTC175301 | New Delhi, Delhi, India |
| Brueckner Group India Private Limited | U74999MH2001PTC143329 | Thane, Maharashtra, India |
| Smartair Integrated Technologies Private Limited | U31109TG2013PTC088494 | Hyderabad, Telangana, India |
| Stresstech Engineers Private Limited | U74210PN2005PTC020113 | Viman Nagar, Maharashtra, India |
| Dabir Precitech Private Limited | U29199MH2006PTC165567 | Thane, Maharashtra, India |
| Nevco Engineers Private Limited | U74899DL1994PTC057103 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Rays Experts before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Rays Experts: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Rays Experts - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Rays Experts 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 Rays Experts - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Rays Experts an active company?
Rays Experts has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).
Is Rays Experts financially healthy?
Rays Experts has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Rays Experts?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Rays Experts?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Rays Experts have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Rays Experts up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 40/100 (Caution Indicated).
Is it risky to lend to Rays Experts?
Its Credit Risk Score is 55/100 (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.
