Setco Auto Systems Private Limited - Due diligence report

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

2010-10-30 Kalol, Gujarat Active Unlisted Active Compliant
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SA Setco Auto Systems Private Limited
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Setcoauto — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Setcoauto is assessed as Moderate with a Trust Score of 72/100. Setcoauto is an active private limited indian non-government company incorporated in 2010, operating in the Automotive sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Setco Auto Systems Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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.

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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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Externally credit-rated (B-).

Charges position: 3 open (585.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 5 active GST registration(s).
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
HIRENKUMAR POPATBHAI VALA 01234567 Director 01/04/2018 6 yrs Approved
SHITIJ RAMESH KALE 01234567 Director 01/04/2018 6 yrs Approved
PRAVIN NAGINDAS SHAH 01234567 Director 01/04/2018 6 yrs Approved
VIJAY KALRA 01234567 Director 01/04/2018 6 yrs Approved
UDIT HARISH SHETH 01234567 Director 01/04/2018 6 yrs Approved
HARISH SHETH KIRITBHAI 01234567 Director 01/04/2018 6 yrs Approved
Neeraj Kumar Singhal 01234567 Director 01/04/2018 6 yrs Approved
Neeraj Kumar Singhal 01234567 Director 01/04/2018 6 yrs Approved
Anurag Jain 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • No disqualified or deactivated DINs.
  • 5 director exits in 3 years - high churn.
  • 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
Setco Automotive Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Setco Automotive Limited Holding Company 74.00%

Key managerial personnel: UDIT HARISH SHETH (Whole-time director) · HARISH SHETH KIRITBHAI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 55
Growth signals & trust indicators
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment53/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 585.00 cr already registered.
  • Compliance record supports lending.
Investor view53/100
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 events
25 Sep 2025
Last AGM held
Annual general meeting
11 Jun 2025
Director appointed
Anurag Jain (Cfo)
18 Apr 2025
Director ceased
KULDEEP SINGH
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Jan 2025
Director appointed
Neeraj Kumar Singhal (Ceo)
01 Jan 2025
Director appointed
Neeraj Kumar Singhal (Additional Director)
04 Dec 2024
Director appointed
VIJAY KALRA (Additional Director)
27 Sep 2024
Director ceased
SUNIL GUPTA
19 Jul 2024
Charge created
Others - 20.00 cr
12 May 2024
Director ceased
MRINAL CHANDRAN
19 Feb 2024
Director ceased
ASHWANI MAHESHWARI
31 Aug 2023
Director ceased
SHRINIVASAN SIVASUBRAHMANYAN IYER
09 Nov 2022
Director ceased
SHITIJ RAMESH KALE
17 Oct 2022
Director appointed
SHITIJ RAMESH KALE (Nominee Director)
22 Sep 2022
Director ceased
VISHAL KUMAR GUPTA
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B- from Icra.
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 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Prose Technologies India Private Limited U32109PN2006PTC226189 Khed, Maharashtra, India
Showa India U34300HR2006PTC038027 Faridabad, Haryana, India
Osram U31500HR2016FTC058035 Gurgaon, Haryana, India
Supernova Engineers U31100GJ1987PLC009346 Ahmedabad, Gujarat, India
Sterlinggenerators U70100MH1995PTC088637 Mumbai, Maharashtra, India
Marquardt U32109PN1972PTC248364 Mawal, Maharashtra, India
Allisontransmission U40101TN2007PTC086532 Sriperumbudur Taluka, Tamil Nadu, India
Global Autotech U34300DL2003PLC120424 New Delhi, Delhi, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Setcoauto: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Setcoauto - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Setcoauto 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 Setcoauto - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Setcoauto an active company?

Setcoauto has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Setcoauto financially healthy?

Setcoauto has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Setcoauto?

Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Setcoauto?

The ultimate holding entity is Setco Automotive Limited. 9 active director(s) are on record.

Does Setcoauto have loans or charges against its assets?

3 open charge(s) are registered against its assets.

Is Setcoauto up to date with its ROC filings?

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

Is it risky to lend to Setcoauto?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.