Promoter holding
64.27%
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Spectrum Electrical Industries Limited - Due diligence report
A 360° intelligence report on Spectrum: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Spectrum — 360° Intelligence Report
Generated from MCA filings & public records83/100
Trust Score
Low Risk
Spectrum is assessed as Low Risk with a Trust Score of 83/100. Spectrum is an active public limited indian non-government company incorporated in 2008, operating in the Energy and Power 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 16 Jul 2026 from the latest processed filings. Spectrum Electrical Industries 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
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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 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: 60/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (BB+).
Charges position: 15 open (322.18 cr) · 8 satisfied (102.97 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 12 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Others | 6 | 48.0 cr |
| Small Industries Development Bank Of India | 1 | 48.0 cr |
Compliance Score: 70/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- 1 auditor resignation(s) filed - latest: S.D. Chopde & Co. on 2019-02-12.
- Delayed payments to MSME suppliers disclosed (973 disclosure(s)).
- 2 active GST registration(s).
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KISHOR DALU DHAKE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY PADMAKAR PAWDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL VASANT LAVANE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKAJ RAVINDRA ROTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARENDRA DAULATRAO WAGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAURABH SHRIKANT MALPANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHARTI DEEPAK CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK SURESH CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEVENDRA SUDHAKAR RANE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Priya Rathi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 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 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
-
Subsidiaries
2
Group entities
2
Capital events
1 allotment(s) · 2 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Spectrum Electrical Industries Limited | Subsidiary Company | 74.00% |
| Spectrum Mass-tech Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: PANKAJ RAVINDRA ROTE (CFO) · BHARTI DEEPAK CHAUDHARI (Whole-time director) · DEEPAK SURESH CHAUDHARI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 17+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
15 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.61 cr.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
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 assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 15 open charge(s) of 322.18 cr already registered.
- Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events08 Aug 2025
Charge created
Hdfc Bank Limited - 11.49 Lakh
30 Jun 2025
Charge created
Hdfc Bank Limited - 3.00 Lakh
25 Jun 2025
Charge created
Hdfc Bank Limited - 1.00 Lakh
08 May 2025
Director ceased
Priya Rathi
26 Mar 2025
Charge created
Others - 57.00 Lakh
07 Mar 2025
Charge satisfied
Others
11 Feb 2025
Director appointed
Priya Rathi (Director)
16 Dec 2024
Charge created
Hdfc Bank Limited - 25.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
29 Jul 2024
Charge satisfied
Others
30 Apr 2024
Charge satisfied
Others
06 Apr 2024
Charge satisfied
Hdfc Bank Limited
31 Mar 2024
Latest balance sheet
Filed with ROC
26 Mar 2024
Charge created
Hdfc Bank Limited - 2.00 Lakh
28 Feb 2024
Charge created
Hdfc Bank Limited - 25.00 Lakh
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BB+ from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ashapura | L14108MH1982PLC026396 | Mumbai, Maharashtra, India |
| Machino Plastics | L25209HR2003PLC035034 | H.R, Haryana, India |
| Triton Valves | L25119KA1975PLC002867 | Road, Bangalore, Karnataka, India |
| Cellowimplast | L25209DD1988PLC001544 | Daman, Daman And Diu, India |
| Steril-Gene Life Sciences Private Limited | U02423TN2007PTC062549 | Chennai, Tamil Nadu, India |
| Big Bags International Private Limited | U24304KA2000PTC027403 | Mangalore, Karnataka, India |
| Jhaveri Flexo India | U25209MH1985PTC035938 | Mumbai, Maharashtra, India |
| Sjsindia | L51909KA2005PLC036601 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spectrum before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spectrum: 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 60/100, 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 Spectrum - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Spectrum 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 Spectrum - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spectrum an active company?
Spectrum has MCA status “Active” with a compliance score of 70/100 (Moderate).
Is Spectrum financially healthy?
Spectrum has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Spectrum?
Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spectrum?
Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Spectrum have loans or charges against its assets?
15 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Spectrum up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 70/100 (Moderate).
Is it risky to lend to Spectrum?
Its Credit Risk Score is 60/100 (Moderate). 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.
