Promoter holding
64.27%
TA
Transformers And Rectifiers (India) Limited - Due diligence report
A 360° intelligence report on Transformers & Rectifiers: trust score, financial health, credit view, compliance, directors, growth and distr…
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Transformers & Rectifiers — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Transformers & Rectifiers is assessed as Low Risk with a Trust Score of 76/100. Transformers & Rectifiers is an active public limited indian non-government company incorporated in 1994, 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 high compliance risk and low financial risk profile.
Report generated on 01 Aug 2026 from the latest processed filings. Transformers And Rectifiers (India) 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 ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
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
Consolidated · 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: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 9 open (1,457.11 cr) · 37 satisfied (401.63 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 14 | 48.0 cr |
| State Bank Of India | 10 | 48.0 cr |
| Aditya Birla Finance Limited | 1 | 48.0 cr |
| Bank Of Baroda | 1 | 48.0 cr |
| Icici Bank Limited | 1 | 48.0 cr |
| Yes Bank Limited | 3 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI, BSE.
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: Deloitte Haskins & Sells on 2017-08-30.
- Delayed payments to MSME suppliers disclosed (591 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJENDRA SHANTILAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KARUNABEN JITENDRA MAMTORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATYEN JITENDRA MAMTORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA UJAMSI MAMTORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBIR KUMAR DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chanchal Singh Satyandra Rajora | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANVI VISHAL RANGWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEHUL CHAITANYABHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mr. Rakesh Kiri | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAKESH DINESHBHAI KIRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rakesh Dineshbhai Kiri | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mukul Premprasad Srivastava | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
5
Group entities
5
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Savas Engineering Company Private Limited | Subsidiary Company | 74.00% |
| Transweld Mechanical Engineering Works Limited | Subsidiary Company | 74.00% |
| Taril Infrastructure Limited | Subsidiary Company | 74.00% |
| Taril Switchgear Private Limited | Subsidiary Company | 74.00% |
| Transpares Limited | Subsidiary Company | 74.00% |
Key managerial personnel: KARUNABEN JITENDRA MAMTORA (Whole-time director) · SATYEN JITENDRA MAMTORA (Managing Director) · JITENDRA UJAMSI MAMTORA (Whole-time director) · Chanchal Singh Satyandra Rajora (CFO) · MEHUL CHAITANYABHAI SHAH (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
Compliance score is weak (38/100).
9 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.84 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 1,457.11 cr already registered.
- Compliance gaps should be priced into terms.
Investor view90/100
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 events05 Mar 2026
Director appointed
MEHUL CHAITANYABHAI SHAH (CFO)
Director ceased
CHANCHAL SINGH SATYANDRA RAJORA
07 Jan 2026
Director ceased
MUKUL SRIVASTAVA
16 Dec 2025
Charge satisfied
Others
08 Jul 2025
Director appointed
Mukul Premprasad Srivastava (Ceo)
13 May 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Nov 2024
Charge satisfied
Others
05 Sep 2024
Charge created
Others - 178.00 cr
22 Jan 2024
Director appointed
TANVI VISHAL RANGWALA (Director)
16 Dec 2023
Director appointed
Chanchal Singh Satyandra Rajora (CFO)
08 Nov 2023
Charge created
Hdfc Bank Limited - 27.95 Lakh
25 Oct 2023
Charge created
Others - 7.85 Lakh
24 Jul 2023
Charge created
Others - 60.00 Lakh
04 May 2023
Director ceased
MATHEW KURIAN
10
Key Observations
Auto-generated from the data aboveRevenue grew 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.
12 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
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.
| Company | CIN | Location |
|---|---|---|
| Triveni Turbines | L29110UP1995PLC041834 | Noida, Uttar Pradesh, India |
| Elecon | L29100GJ1960PLC001082 | Vallabh Vidyanagar, Gujarat, India |
| Bharat Bijlee | L31300MH1946PLC005017 | Mumbai, Maharashtra, India |
| Hbl | L40109TG1986PLC006745 | Khairatabad, Telangana, India |
| Voltamptransformers | L31100GJ1967PLC001437 | Vadodara, Gujarat, India |
| Delphitvs | U24117TN1952PLC005704 | Chennai, Tamil Nadu, India |
| Greavescotton | L99999MH1922PLC000987 | Aurangabad, Maharashtra, India |
| Kyungshin Industrial Motherson Private Limited | U55101DL1997PTC090104 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Transformers & Rectifiers before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Transformers & Rectifiers: 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 85/100, 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 Transformers & Rectifiers - 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 Transformers & Rectifiers 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 Transformers & Rectifiers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Transformers & Rectifiers an active company?
Transformers & Rectifiers has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Transformers & Rectifiers financially healthy?
Transformers & Rectifiers has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Transformers & Rectifiers?
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 Transformers & Rectifiers?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Transformers & Rectifiers have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 37 earlier charge(s) stand satisfied.
Is Transformers & Rectifiers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Transformers & Rectifiers?
Its Credit Risk Score is 85/100 (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.
