Promoter holding
64.27%
SE
Spark Electricals & Projects Private Limited - Due diligence report
A 360° intelligence report on Spark Electricals & Projects Private Limited: trust score, financial health, credit view, compliance, director…
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Spark Electricals & Projects Private Limited — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Spark Electricals & Projects Private Limited is assessed as Low Risk with a Trust Score of 76/100. Spark Electricals & Projects Private Limited is an active private limited indian non-government company incorporated in 2018, 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 moderate compliance risk and low financial risk profile.
Report generated on 08 Oct 2026 from the latest processed filings. Spark Electricals & Projects Private 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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
65/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 60/100 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.
- Externally credit-rated (A4).
Charges position: 5 open (20.20 cr) · 2 satisfied (15.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 6 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 65/100 Moderate
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2024 - filings overdue.
- 2 auditor resignation(s) filed - latest: VBSB & ASSOCIATES on 2023-05-22.
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KALPANA JOHRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK KUMAR JOHRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RICHA JOHRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- 1 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
2 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: ASHOK KUMAR JOHRI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 65
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
5 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 20.20 cr already registered.
- Compliance gaps should be priced into terms.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events24 Jun 2025
Charge created
Axis Bank Limited - 9.95 cr
30 Sep 2024
Last AGM held
Annual general meeting
24 May 2024
Director ceased
VIPUL TANEJA
19 Apr 2024
Charge created
Others - 11.00 Lakh
31 Mar 2024
Latest balance sheet
Filed with ROC
13 Feb 2024
Charge created
Others - 9.99 Lakh
28 Dec 2023
Charge created
Others - 9.78 cr
19 Dec 2023
Charge satisfied
Others
18 Dec 2021
Charge created
Others - 26.00 Lakh
15 Dec 2021
Charge created
Others - 1.00 cr
30 Oct 2021
Director ceased
RICHA JOHRI
01 Apr 2021
Director appointed
RICHA JOHRI (Director)
Director ceased
ASHOK KUMAR JOHRI
31 Mar 2020
Share transfer (FY 2020)
70000.00000000 shares to VIPUL TANEJA
26 Jun 2018
Charge created
Others - 14.00 cr
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Key Observations
Auto-generated from the data aboveRevenue declined 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.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A4 from Crisil.
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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
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| Ce Global Currency Solutions Private Limited | U66190MP2024PTC073477 | Bhopal, Madhya Pradesh |
| Recapita Housing Finance Limited | U65999MP2017PLC044058 | Bhopal, Madhya Pradesh |
| Mathesis Consultants And Contracting Private Limited | U45203MP2002PTC015094 | Bhopal, Madhya Pradesh |
| Jst Tech Infra Private Limited | U45203MP2021PTC057624 | Bhopal, Madhya Pradesh |
| Aartech Solonics Limited | L31200MP1982PLC002030 | Bhopal, Madhya Pradesh |
| Inoxman Engineering Private Limited | U50500MP2016PTC040922 | Bhopal, Madhya Pradesh |
| Narenpur Purnea Highways Limited | U45203MP2020PLC053150 | Bhopal, Madhya Pradesh |
| H.L.Infrastructure Private Limited | U45200MP2010PTC024511 | Bhopal, Madhya Pradesh |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spark Electricals & Projects Private Limited before audits and certifications: compliance score 65/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spark Electricals & Projects Private 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: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Spark Electricals & Projects Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Spark Electricals & Projects Private 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 Spark Electricals & Projects Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Spark Electricals & Projects Private Limited an active company?
Spark Electricals & Projects Private Limited has MCA status “Active” with a compliance score of 65/100 (Moderate).
Is Spark Electricals & Projects Private Limited financially healthy?
Spark Electricals & Projects Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Spark Electricals & Projects Private Limited?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spark Electricals & Projects Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Spark Electricals & Projects Private Limited have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Spark Electricals & Projects Private Limited up to date with its ROC filings?
Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 65/100 (Moderate).
Is it risky to lend to Spark Electricals & Projects Private Limited?
Its Credit Risk Score is 60/100 (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.
