Vega Auto Accessories Limited - Due diligence report

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

1982-05-31 Belgaum, Karnataka Active Unlisted Active Compliant
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VA Vega Auto Accessories Limited
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Vega — 360° Intelligence Report

Generated from MCA filings & public records
81/100
Trust Score
Low Risk

Vega is assessed as Low Risk with a Trust Score of 81/100. Vega is an active public limited indian non-government company incorporated in 1982, operating in the Manufacturing 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 23 Jun 2026 from the latest processed filings. Vega Auto Accessories Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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 ScoreLow Risk
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
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
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
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 access

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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 7 open (186.51 cr) · 13 satisfied (13.23 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited5 48.0 cr
Others4 48.0 cr
Hdfc Bank Limited5 48.0 cr
State Bank Of India3 48.0 cr
Bank Of Maharashtra1 48.0 cr
The United Western Bank Ltd.2 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (383 disclosure(s)).
  • 5 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
GIRDHARI PREMRAJ CHINDAK 01234567 Director 01/04/2018 6 yrs Approved
PRAMOD KUMAR SHANTILAL 01234567 Director 01/04/2018 6 yrs Approved
ALPESH CHHAGANLAL JAIN 01234567 Director 01/04/2018 6 yrs Approved
KUNAL DILIP CHINDAK 01234567 Director 01/04/2018 6 yrs Approved
RAMESH MANICKCHAND SHAH 01234567 Director 01/04/2018 6 yrs Approved
UTTAM PREMRAJ CHINDAK 01234567 Director 01/04/2018 6 yrs Approved
DILIP PREMRAJ CHINDAK 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2023 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
Vega Funmobiles Private Limited
Subsidiaries
1
Group entities
1
Capital events
-

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

Group entityRelationship% held
Premraj Chindak Foundation Subsidiary Company 74.00%
Vega Sg Pte Ltd Subsidiary Company 74.00%
Vega Funmobiles Private Limited Holding Company 74.00%

Key managerial personnel: GIRDHARI PREMRAJ CHINDAK (Managing Director) · KUNAL DILIP CHINDAK (CFO) · DILIP PREMRAJ CHINDAK (Managing Director)

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.
Net margin improved to 61%.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.33 cr.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
Favourable indicators
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 assessment86/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 186.51 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
18 Sep 2025
Charge satisfied
Hdfc Bank Limited
28 Mar 2025
Director appointed
PRAMOD KUMAR SHANTILAL (Additional Director)
Director appointed
ALPESH CHHAGANLAL JAIN (Additional Director)
Director appointed
KUNAL DILIP CHINDAK (CFO)
Director appointed
RAMESH MANICKCHAND SHAH (Additional Director)
Director ceased
PARTHA CHINDAK
Director ceased
KUNAL DILIP CHINDAK
Charge created
Axis Bank Limited - 1.62 cr
27 Mar 2025
Director ceased
GIRDHARI PREMRAJ CHINDAK
Director ceased
DILIP PREMRAJ CHINDAK
17 Jan 2025
Charge satisfied
Others
30 Dec 2024
Last AGM held
Annual general meeting
27 Sep 2024
Charge created
Others - 32.12 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
27 Oct 2023
Charge created
Others - 2.85 cr
10

Key Observations

Auto-generated from the data above
Revenue 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% - manageable leverage.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
P. Mangatram Jewellers Private Limited U36911TG2005PTC046928 Hyderabad, Telangana, India
Chain-N-Chains Jewels Limited U36912MH2007PLC170626 Mumbai, Maharashtra, India
Goyal Traders (India) Private Limited U51109MH2009PTC189717 Mumbai, Maharashtra, India
Sri Jaibalaji Steel Rolling Mills Private Limited U27100UP2008PTC182403 Mzn, Uttar Pradesh, India
Trident Jewels Private Limited U51909MH2018PTC308648 Mumbai, Maharashtra, India
At India Auto Parts Private Limited U34300KA2012PTC062847 Ramanagara, Karnataka, India
Lotus Ornaments Private Limited U51397MH2004PTC145442 Mumbai, Maharashtra, India
Studds L25208HR1983PLC015135 Faridabad, Haryana, India
12

Who Uses This Report

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

Verify Vega before audits and certifications: compliance score 60/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vega: 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 95/100, 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 Vega - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Vega 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 Vega - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vega an active company?

Vega has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Vega financially healthy?

Vega has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Vega?

Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vega?

The ultimate holding entity is Vega Funmobiles Private Limited. 7 active director(s) are on record.

Does Vega have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.

Is Vega up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Vega?

Its Credit Risk Score is 95/100 (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.