Sterlite Grid 29 Limited - Due diligence report

A 360° intelligence report on Sterlite Grid 29 Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

2019-03-26 Silvassa, Dadra & Nagar Haveli Active Unlisted Active Compliant
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SG Sterlite Grid 29 Limited
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Sterlite Grid 29 Limited — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Sterlite Grid 29 Limited is assessed as Moderate with a Trust Score of 74/100. Sterlite Grid 29 Limited is an active public limited indian non-government company incorporated in 2019, operating in the Energy and Power 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 low compliance risk and high financial risk profile.

Report generated on 27 Jun 2026 from the latest processed filings. Sterlite Grid 29 Limited snapshot & full profile →

Financial Health › Weak
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
74/100
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
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 2 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: 20/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).

Charges position: 1 open (1,317.86 cr) · 5 satisfied (3,417.86 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others5 48.0 cr
Idbi Trusteeship Services Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
. GEORGERAJI 01234567 Director 01/04/2018 6 yrs Approved
Amit Ramnani 01234567 Director 01/04/2018 6 yrs Approved
RUHI PANDE 01234567 Director 01/04/2018 6 yrs Approved
Nobendu Kumar Nath 01234567 Director 01/04/2018 6 yrs Approved
Anuj Gupta 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 5 director exits in 3 years - high churn.
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
Sterlite Power Transmission Limited
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Sterlite Power Transmission Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 0.86 in a year.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
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 assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 1,317.86 cr already registered.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
17 Oct 2025
Director appointed
Nobendu Kumar Nath (Cfo)
29 Sep 2025
Last AGM held
Annual general meeting
08 Jul 2025
Director appointed
Anuj Gupta (Company Secretary)
01 Jul 2025
Director ceased
NEERAJ AVLASH
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Feb 2025
Charge satisfied
Others
29 Sep 2024
Director ceased
RUHI PANDE
31 May 2024
Director appointed
Amit Ramnani (Director)
Director ceased
Amit Ramnani
21 Apr 2024
Director appointed
RUHI PANDE (Director)
27 Sep 2023
Director ceased
. GEORGERAJI
Director ceased
RACHNA . MOHAN
22 Aug 2023
Director appointed
. GEORGERAJI (Director)
30 Mar 2023
Charge satisfied
Others
16 Mar 2023
Charge created
Others - 1,317.86 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 1 financial year(s).
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Edgegrid U40105TG2019PTC136775 Gandipeta, Telangana, India
Sterlite Grid 26 Limited U40108DN2019PLC005577 Silvassa, Dadra & Nagar Haveli, India
Steergrowth Consulting Private Limited U74999DL2021PTC390916 Delhi, Delhi, India
Avaadaenergy U40106UP2021PTC144594 Noida, Uttar Pradesh, India
Sungrove Energy Private Limited U74900PN2015PTC154346 Pune, Maharashtra, India
Idmt System Services Private Limited U40100PN2020PTC196046 Haveli, Maharashtra, India
Super Panels And Fabricators Private Limited U40105MH2019PTC335098 Mumbai, Maharashtra, India
Sadguru Kripa Power Private Limited U40300MH2015PTC271039 Thane, Maharashtra, India
12

Who Uses This Report

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

Verify Sterlite Grid 29 Limited 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 Sterlite Grid 29 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 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Sterlite Grid 29 Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Sterlite Grid 29 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 Sterlite Grid 29 Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Sterlite Grid 29 Limited an active company?

Sterlite Grid 29 Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Sterlite Grid 29 Limited financially healthy?

Sterlite Grid 29 Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Sterlite Grid 29 Limited?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Sterlite Grid 29 Limited?

The ultimate holding entity is Sterlite Power Transmission Limited. 5 active director(s) are on record.

Does Sterlite Grid 29 Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Sterlite Grid 29 Limited 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 Sterlite Grid 29 Limited?

Its Credit Risk Score is 20/100 (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.