Promoter holding
64.27%
SG
Shanthi Gears Limited - Due diligence report
A 360° intelligence report on Shanthigears: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Shanthigears — 360° Intelligence Report
Generated from MCA filings & public records79/100
Trust Score
Low Risk
Shanthigears is assessed as Low Risk with a Trust Score of 79/100. Shanthigears is an active public limited indian non-government company incorporated in 1972, 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 high compliance risk and low financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Shanthi Gears 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
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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.
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 0 open (-) · 13 satisfied (170.20 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| The Honkong And Shanghai Bank Limited | 1 | 48.0 cr |
| Icici Bank Limited | 1 | 48.0 cr |
| The Bank Of Nova Scotia | 2 | 48.0 cr |
| State Bank Of Hyderabad | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 48/100 Caution Indicated
- 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).
- Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| M A M ARUNACHALAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMKUMAR LAKSHMINARAYANAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANJAN KUMAR PATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUTHUSAMY KARUNAKARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUTHUSAMY KARUNAKARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATARAMANI ANANTHARAMAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESH AHUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| WALTER VASANTH JOSEPH DEVA SAGAYAM PITCHAI PILLAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN VENKATACHALAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANGAMPALAYAM KANDASAMI SUNDARARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| THANGARAJ ARUNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Joseph Deva Sagayam Pitchai Pillai Walter Vasanth | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 3 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
Tube Investments Of India Limited
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Tube Investments Of India Limited | Holding Company | 74.00% |
Key managerial personnel: RANJAN KUMAR PATI (CFO) · MUTHUSAMY KARUNAKARAN (Whole-time director) · MUTHUSAMY KARUNAKARAN (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 54+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (48/100).
MSME payment delays disclosed - latest outstanding 3.32 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence70/100
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 assessment82/100
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 gaps should be priced into terms.
Investor view89/100
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 events16 Sep 2025
Director ceased
THANGARAJ ARUNA
30 Jul 2025
Director appointed
THANGARAJ ARUNA (Director)
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Jul 2024
Director ceased
VENKATARAMANI ANANTHARAMAKRISHNAN
09 May 2024
Director appointed
VENKATARAMANI ANANTHARAMAKRISHNAN (Director)
25 Jul 2023
Director ceased
ARUN VENKATACHALAM
09 May 2023
Director appointed
ARUN VENKATACHALAM (Director)
05 Apr 2023
Director appointed
Joseph Deva Sagayam Pitchai Pillai Walter Vasanth (Company Secretary)
29 Mar 2023
Director appointed
WALTER VASANTH JOSEPH DEVA SAGAYAM PITCHAI PILLAI (Company Secretary)
31 Jan 2023
Director ceased
SUBRAMANIAM CHINNA SAMY
25 Jul 2022
Director ceased
MUKESH AHUJA
07 May 2022
Director ceased
RAMKUMAR LAKSHMINARAYANAN
22 Oct 2021
Director appointed
MUKESH AHUJA (Director)
Director ceased
VELLAYAN SUBBIAH
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 13 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of AA from Icra.
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.
| Company | CIN | Location |
|---|---|---|
| Shardamotor | U29309DL2019PTC347616 | Delhi, Delhi, India |
| Talbros Engineering Limited | L74210HR1986PLC033018 | Faridabad, Haryana, India |
| Nubergepc | U74210DL1996PLC079817 | Delhi, Delhi, India |
| Weg | U31909KA2008PTC046020 | Banglore, Karnataka, India |
| Hyoseong Electric India Private Limited | U50300TN2006PTC061821 | Sriperumbudur Taluk, Tamil Nadu, India |
| Hyosung | U74140PN2015FTC167260 | Pune, Maharashtra, India |
| Danfoss | U00000PN2001PTC131740 | Pune, Maharashtra, India |
| Burckhardt Compression | U29120PN2004PTC019442 | Pune, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Shanthigears before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Shanthigears: 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 95/100, margin trends, ownership structure and peer set for Shanthigears - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Shanthigears 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 Shanthigears - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Shanthigears an active company?
Shanthigears has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).
Is Shanthigears financially healthy?
Shanthigears has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Shanthigears?
Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Shanthigears?
The ultimate holding entity is Tube Investments Of India Limited. 12 active director(s) are on record.
Does Shanthigears have loans or charges against its assets?
No open charges - all 13 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Shanthigears up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).
Is it risky to lend to Shanthigears?
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.
