Promoter holding
64.27%
TI
Twinstar Industries Limited - Due diligence report
A 360° intelligence report on Twinstar Industries: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Twinstar Industries — 360° Intelligence Report
Generated from MCA filings & public records68/100
Trust Score
Moderate
Twinstar Industries is assessed as Moderate with a Trust Score of 68/100. Twinstar Industries is an active public limited indian non-government company incorporated in 1994, operating in the Information Technology 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 high compliance risk and low financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Twinstar 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 ScoreModerate
68/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 65/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 1 open (21.00 cr) · 1 satisfied (50.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| Union Bank Of India | 1 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2019 - filings overdue.
- Flagged by authority: BSE.
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DAULAT SAMIRMAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESH CHAND SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHUTOSH | 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 2017)
| 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 2019 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
1 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Twinstar Software Exports Inc (usa) | Subsidiary Company | 74.00% |
Key managerial personnel: DAULAT SAMIRMAL MEHTA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 55
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 61% in a year.
Statutory filings appear overdue.
Compliance score is weak (38/100).
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence52/100
Review suggested
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 assessment63/100
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 21.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view69/100
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 events19 Mar 2025
Director ceased
ANITA KIRAN DEV RAVAT
30 Nov 2019
Director appointed
ASHUTOSH (Additional Director)
Director ceased
ANAND TIPPAYA AMPEPAGOLU
05 Oct 2019
Last AGM held
Annual general meeting
30 May 2019
Director ceased
KAILASH MEHTA
22 May 2019
Director ceased
KALA DAULAT MEHTA
31 Mar 2019
Latest balance sheet
Filed with ROC
28 Sep 2018
Director appointed
DINESH CHAND SHARMA (Director)
Director ceased
GAURAV BHANDARI
07 Jun 2018
Director ceased
RISHABH JAIN
Director ceased
HARSH DAULATMAL MEHTA
10 Jun 2016
Director ceased
VIRENDRA KUMAR BHANDARI
09 Jun 2016
Director ceased
NIRMAL JAIN
04 Jul 2013
Charge satisfied
Union Bank Of India
10 May 2013
Charge created
State Bank Of India - 21.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - 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.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2019 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.
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| Flyhigh Infraprojects Private Limited | U74999PN2018PTC175416 | Pune, Maharashtra, India |
| Eonelectric | L31200HR1989PLC035580 | Sonipat, Haryana, India |
| Divyanshi Infra Projects Limited | U51909WB2008PLC123425 | Kolkata, West Bengal, India |
| Vadera Tradelink Private Limited | U52190RJ2008PTC026035 | Barmer, Rajasthan, India |
| Emgreen Impex Limited | U70109DL2006PLC151433 | Delhi, Delhi, India |
| Padmnabh Integrated Industries | U74999MH2014PTC256264 | Thane, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Twinstar Industries 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 Twinstar Industries: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Twinstar Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Twinstar Industries pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Twinstar Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Twinstar Industries an active company?
Twinstar Industries has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Twinstar Industries financially healthy?
Twinstar Industries has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Twinstar Industries?
Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Twinstar Industries?
Promoters hold a minority stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Twinstar Industries have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Twinstar Industries up to date with its ROC filings?
Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Twinstar Industries?
Its Credit Risk Score is 65/100 (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.
