Starlite Lighting Limited - Due diligence report

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

1995-07-04 Wadivarhe, Maharashtra Amalgamated Unlisted Active Compliant
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SL Starlite Lighting Limited
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Bajaj — 360° Intelligence Report

Generated from MCA filings & public records
42/100
Trust Score
Caution Indicated

Bajaj is assessed as Caution Indicated with a Trust Score of 42/100. Bajaj is a public limited indian non-government company incorporated in 1995, operating in the Consumer Electronics & Durables sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Starlite Lighting Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

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 ScoreCaution Indicated
42/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Externally credit-rated (A2).

Charges position: 0 open (-) · 21 satisfied (675.67 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Yes Bank Limited6 48.0 cr
Others5 48.0 cr
Indusind Bank Ltd.1 48.0 cr
Tata Capital Financial Services Limited2 48.0 cr
State Bank Of India2 48.0 cr
The Cosm;Os Co-Op. Bank Ltd1 48.0 cr
Compliance Score: 10/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AMIT BHALLA 01234567 Director 01/04/2018 6 yrs Approved
MEETA JAISINGH KHALSA 01234567 Director 01/04/2018 6 yrs Approved
SUHAS SAKHARAM WAGH 01234567 Director 01/04/2018 6 yrs Approved
SHEKHAR BAJAJ 01234567 Director 01/04/2018 6 yrs Approved
RAVINDRA TUKARAM UTTEKAR 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN SINGH 01234567 Director 01/04/2018 6 yrs Approved
SAMIR DHIRAJLAL SHRIMANKAR 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
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 2022 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
-
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 3 transfer(s)

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

Key managerial personnel: SUHAS SAKHARAM WAGH (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 35
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 31+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (10/100).
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence27/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment31/100
Enhanced diligence advised
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 view42/100
Limited indicators at present
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 events
11 Aug 2022
Director ceased
PRAVEEN SINGH
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
28 Jan 2022
Director appointed
PRAVEEN SINGH (Director)
08 Dec 2021
Charge satisfied
State Bank Of India
29 Sep 2021
Director ceased
MEETA JAISINGH KHALSA
Director ceased
SHASHIKANT GAVHANE
09 Sep 2021
Charge satisfied
Others
31 Aug 2021
Charge satisfied
Others
04 Aug 2021
Charge satisfied
Tata Capital Financial Services Limited
21 Jun 2021
Director ceased
VENKATA SATYANARAYANA PRASAD PASAM
12 May 2021
Charge satisfied
Others
11 May 2021
Securities allotted
45000000 Equity Shares - 45.00 cr raised
30 Apr 2021
Director appointed
SUHAS SAKHARAM WAGH (CFO)
Director ceased
ARVIND KUMAR DIDWANIA
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
7 active director(s) / partner(s); board looks stable and experienced.
All 21 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A2 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mppl U74950MH1994PTC260138 Mumbai, Maharashtra, India
Youngshin Automotive India Private Limited U34300TN2009PTC073905 Sriperumbudur, Tamil Nadu, India
P. C. Chandra Juels International Private Limited U28994WB2018PTC224528 Kolkata, West Bengal, India
Afflatus Gravures U22219DL2003PTC122582 Delhi, Delhi, India
Muthhu Gold Private Limited U27320PY2019PTC008498 Pondicherry, Pondicherry, India
Pv Power Tech U35105MH2008PTC178125 Mumbai, Maharashtra, India
Hodek Vibration Technologies Private Limited U29112MH1976PTC019035 Sahajpur, Maharashtra, India
Mani Export U36900MH2014PTC255174 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Bajaj before audits and certifications: compliance score 10/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bajaj: 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 60/100, margin trends, ownership structure and peer set for Bajaj - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 42/100, distress signals and MSME payment-delay disclosures - know whether Bajaj pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Bajaj - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bajaj an active company?

Bajaj has MCA status “Amalgamated” with a compliance score of 10/100 (Caution Indicated).

Is Bajaj financially healthy?

Bajaj has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Bajaj?

Its overall Trust Score is 42/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bajaj?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Bajaj have loans or charges against its assets?

No open charges - all 21 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Bajaj up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 10/100 (Caution Indicated).

Is it risky to lend to Bajaj?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.