Veto Switchgears And Cables Limited - Due diligence report

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

2007-06-20 Vasai, Maharashtra Active Listed Active Compliant
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Veto — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Veto is assessed as Low Risk with a Trust Score of 88/100. Veto is an active public limited indian non-government company incorporated in 2007, operating in the Consumer Electronics & Durables 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 low compliance risk and low financial risk profile.

Report generated on 25 Jul 2026 from the latest processed filings. Veto Switchgears And Cables Limited snapshot & full profile →

Financial Health › Strong
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 ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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.

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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: 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 (BBB+).

Charges position: 12 open (56.78 cr) · 6 satisfied (59.22 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Overseas Bank5 48.0 cr
Hdfc Bank Limited13 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 11 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
JYOTI GURNANI 01234567 Director 01/04/2018 6 yrs Approved
NARAIN DAS GURNANI 01234567 Director 01/04/2018 6 yrs Approved
KRITIKA TODWAL 01234567 Director 01/04/2018 6 yrs Approved
AKSHAY KUMAR GURNANI 01234567 Director 01/04/2018 6 yrs Approved
NARAIN DAS GURNANI 01234567 Director 01/04/2018 6 yrs Approved
HARI KRISHAN MOTWANI 01234567 Director 01/04/2018 6 yrs Approved
SANJEEV KUMAR DASS 01234567 Director 01/04/2018 6 yrs Approved
KANWAR JEET SINGH 01234567 Director 01/04/2018 6 yrs Approved
AKSHAY KUMAR GURNANI 01234567 Director 01/04/2018 6 yrs Approved
  • 9 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 2025)
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 2025 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
3
Group entities
3
Capital events
8 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Veto Electricals Private Limited Subsidiary Company 74.00%
Veto Led Lightings Private Limited Subsidiary Company 74.00%
Veto Overseas Private F.z.e Subsidiary Company 74.00%
Vankon Modular Private Limited Subsidiary Company 74.00%

Key managerial personnel: AKSHAY KUMAR GURNANI (CEO) · NARAIN DAS GURNANI (CFO) · AKSHAY KUMAR GURNANI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 19+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
12 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 12 open charge(s) of 56.78 cr already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth 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
29 Sep 2025
Last AGM held
Annual general meeting
20 Jun 2025
Charge created
Hdfc Bank Limited - 14.40 Lakh
Charge created
Hdfc Bank Limited - 9.95 Lakh
22 Apr 2025
Charge created
Hdfc Bank Limited - 1.09 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Jan 2025
Charge created
Hdfc Bank Limited - 21.71 Lakh
28 Nov 2024
Charge created
Hdfc Bank Limited - 29.00 Lakh
10 Feb 2024
Director appointed
KRITIKA TODWAL (Company Secretary)
02 Jan 2024
Charge created
Hdfc Bank Limited - 26.81 Lakh
31 Dec 2023
Charge satisfied
Hdfc Bank Limited
19 Dec 2023
Charge created
Hdfc Bank Limited - 24.14 Lakh
01 Nov 2023
Charge created
Hdfc Bank Limited - 1.97 cr
27 Oct 2023
Charge created
Hdfc Bank Limited - 10.22 Lakh
22 Sep 2023
Charge satisfied
Indian Overseas Bank
19 Sep 2023
Charge satisfied
Indian Overseas Bank
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
11 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB+ from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
2 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Atandra U40109TN2005PTC055947 Chennai, Tamil Nadu, India
Standard Glass Lining Technology Limited L29220TG2012PLC082904 Hyderabad, Telangana, India
Jost'S Engineering L28100MH1907PLC000252 Mumbai, Maharashtra, India
Innomech Aerospace Toolings Private Limited U29200KA2018PTC118006 Devanahalli Taluk, Karnataka, India
Wendt India L85110KA1980PLC003913 Bangalore, Karnataka, India
Pmac U29309TN1989PTC017646 Chennai, Tamil Nadu, India
Lokesh Machines L29219TG1983PLC004319 Ap, Telangana, India
Agrawal Power Private Limited U40100MP2007PTC019460 Bhopal, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Veto before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Veto: 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 85/100, margin trends, ownership structure and peer set for Veto - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Veto 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 Veto - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Veto an active company?

Veto has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Veto financially healthy?

Veto has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Veto?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Veto?

Promoters hold the largest single block of equity - exact percentages are in the full report. 9 active director(s) are on record.

Does Veto have loans or charges against its assets?

12 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.

Is Veto up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Veto?

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.