Promoter holding
64.27%
VE
Vijai Electricals Limited - Due diligence report
A 360° intelligence report on Vijaielectricals: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Vijaielectricals — 360° Intelligence Report
Generated from MCA filings & public records79/100
Trust Score
Low Risk
Vijaielectricals is assessed as Low Risk with a Trust Score of 79/100. Vijaielectricals is an active public limited indian non-government company incorporated in 1980, operating in the Energy and Power 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 moderate compliance risk and low financial risk profile.
Report generated on 21 Jul 2026 from the latest processed filings. Vijai Electricals 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
79/100
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
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 60/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A4).
Charges position: 11 open (992.80 cr) · 48 satisfied (4,230.95 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 11 | 48.0 cr |
| Idbi Bank Limited | 4 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Export Import Bank Of India | 15 | 48.0 cr |
| State Bank Of Travancore | 4 | 48.0 cr |
Compliance Score: 60/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (9 disclosure(s)).
- 13 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KRISHNA MOHAN DASARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAI RAMESH DASARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| USHARANI DASARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANUGANTY ANIL KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VITTA CHAITANYA SIVA SHANKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chakradhar Seemalamudi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAKRISHNA REDDY GARISA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANI PALVESAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIRENDRA SINGH VERMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATA BALAVARDHAN RAO DASARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 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 2023)
| 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 2023 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
2
Group entities
2
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Electro Teknica Switchgears Pvt Ltd | Subsidiary Company | 74.00% |
| Global Heavy Electricals Limited | Subsidiary Company | 74.00% |
| Vijai Electricals Mexico Limited | Subsidiary Company | 74.00% |
| Vijai Electricals Mexico Services | Subsidiary Company | 74.00% |
| Spa Vijai Electricals Algierie | Associate Company | 74.00% |
Key managerial personnel: JAI RAMESH DASARI (Managing Director) · PANUGANTY ANIL KUMAR (CFO) · Chakradhar Seemalamudi (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 46+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.10 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence70/100
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 assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 992.80 cr already registered.
- Compliance gaps should be priced into terms.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events24 Oct 2025
Charge satisfied
State Bank Of India
Charge satisfied
State Bank Of Travancore
03 Sep 2025
Charge created
Others - 50.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
26 Jul 2024
Charge satisfied
Export Import Bank Of India
02 May 2024
Director appointed
MANI PALVESAN (Nominee Director)
17 Apr 2024
Charge created
Others - 105.00 cr
03 Apr 2024
Director ceased
RAJEEV KRISHNAN
31 Mar 2024
Director ceased
DATTATRAYA VISHWANATH NARKE
Latest balance sheet
Filed with ROC
17 Nov 2023
Director appointed
PANUGANTY ANIL KUMAR (CFO)
25 Jul 2023
Director appointed
VITTA CHAITANYA SIVA SHANKAR (Company Secretary)
27 Jun 2023
Charge satisfied
Tata Capital Limited
30 Mar 2023
Director appointed
VIRENDRA SINGH VERMA (Additional Director)
13 Jan 2023
Director ceased
Sonia Bidlan
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
13 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A4 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
20 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Ilc Iron & Steel Private Limited | U27310KA2008PTC048045 | Hospet, Karnataka, India |
| Renewpower | U40300DL2015PTC279295 | New Delhi, Delhi, India |
| Crescent Power Limited | U70101WB2004PLC099945 | Kolkata, West Bengal, India |
| Mahindra Solarize | U40106MH2021PTC358435 | Mumbai, Maharashtra, India |
| Rectpcl | U40300DL2017GOI310436 | New Delhi, Delhi, India |
| Trinethra Wind And Hydro Power Private Limited | U40108MH2008PTC350262 | Mumbai, Maharashtra, India |
| Nsl Sugars (Tungabhadra) Limited | U40102KA1983PLC058128 | Siruguppa, Karnataka, India |
| B L A Power | U40102MH2006PTC165430 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vijaielectricals 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 Vijaielectricals: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Vijaielectricals - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Vijaielectricals pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Vijaielectricals - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vijaielectricals an active company?
Vijaielectricals has MCA status “Active” with a compliance score of 60/100 (Moderate).
Is Vijaielectricals financially healthy?
Vijaielectricals has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Vijaielectricals?
Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vijaielectricals?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Vijaielectricals have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 48 earlier charge(s) stand satisfied.
Is Vijaielectricals 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 Vijaielectricals?
Its Credit Risk Score is 60/100 (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.
