Promoter holding
64.27%
VL
Voltas Limited - Due diligence report
A 360° intelligence report on Voltas: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Voltas — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Voltas is assessed as Moderate with a Trust Score of 67/100. Voltas is an active public limited indian non-government company incorporated in 1954, operating in the Engineering 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 03 Jul 2026 from the latest processed filings. Voltas 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
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 24 open (90.76 cr) · 77 satisfied (2,359.51 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 31 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Central Bank Of India | 2 | 48.0 cr |
| Export Import Bank Of Indian | 1 | 48.0 cr |
| Bank Of India | 6 | 48.0 cr |
| The Entral Bank Executor And Trustee Co Ltd | 2 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (445 disclosure(s)).
- 29 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PHEROZ PUDUMJEE NASWANJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NOEL NAVAL TATA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAURABH MAHESH AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIDHAR VENKATESWARAN KADANGODE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKUNDAN C P MENON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA SEHGAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDER PAL VERMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYESH TULSIDAS MERCHANT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONIA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN ADHIKARI KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATNESH PRASAD RUKHARIYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINAYAK KASHINATH DESHPANDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIDDHARTH ASHOKKUMAR SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkateswaran Sridhar Kadangode | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ratnesh Prasad Rukhariyar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 15 directors on the board.
- SRIDHAR VENKATESWARAN KADANGODE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 8 director exits in 3 years - high churn.
- 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
5
Capital events
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Hi-volt Enterprises Private Limited | Subsidiary Company | 74.00% |
| Saudi Ensas Company For Engineering Services W.l.l. | Subsidiary Company | 74.00% |
| Universal Mep Projects Pte Ltd., Singapore | Subsidiary Company | 74.00% |
| Voltas Netherlands B.v. | Subsidiary Company | 74.00% |
| Voltas Oman Spc | Subsidiary Company | 74.00% |
| Universal Mep Projects & Engineering Services Limited | Subsidiary Company | 74.00% |
| Weathermaker Fze | Subsidiary Company | 74.00% |
| Lalbuksh Voltas Engineering Services & Trading L.l.c. | Subsidiary Company | 74.00% |
| Olayan Voltas Contracting Company Limited | Joint Ventures | 74.00% |
| Voltas Qatar W.l.l. | Subsidiary Company | 74.00% |
Key managerial personnel: SRIDHAR VENKATESWARAN KADANGODE (CFO) · MUKUNDAN C P MENON (Managing Director) · JITENDER PAL VERMA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 71+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 director exits within 2 years.
Compliance score is weak (42/100).
24 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 7.19 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
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 assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 24 open charge(s) of 90.76 cr already registered.
- Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events08 Jul 2025
Last AGM held
Annual general meeting
22 May 2025
Director ceased
SONIA SINGH
25 Apr 2025
Director appointed
Venkateswaran Sridhar Kadangode (Cfo)
01 Apr 2025
Director appointed
SRIDHAR VENKATESWARAN KADANGODE (CFO)
31 Mar 2025
Director ceased
JITENDER PAL VERMA
Latest balance sheet
Filed with ROC
07 Mar 2025
Director appointed
SONIA SINGH (Director)
05 Dec 2024
Charge satisfied
Others
20 Nov 2024
Director ceased
PHEROZ PUDUMJEE NASWANJEE
Director ceased
ADITYA SEHGAL
30 Aug 2024
Director appointed
PHEROZ PUDUMJEE NASWANJEE (Director)
Director appointed
ADITYA SEHGAL (Director)
23 Aug 2024
Director appointed
SIDDHARTH ASHOKKUMAR SHAH (Deputy Nodal Officer)
22 Aug 2024
Director appointed
Ratnesh Prasad Rukhariyar (Company Secretary)
15 Aug 2024
Director appointed
RATNESH PRASAD RUKHARIYAR (Company Secretary)
10
Key Observations
Auto-generated from the data aboveRevenue 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.
15 active director(s) / partner(s); review board churn before relying on management continuity.
29 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 AA+ from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
27 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Godfrey Phillips | L16004MH1936PLC008587 | Mumbai, Maharashtra, India |
| Whirlpool Of India | L29191PN1960PLC020063 | Na, Maharashtra, India |
| Bigbasket | U74130KA2010PTC052192 | Bangalore, Karnataka, India |
| Emerald Jewel Industry India | U03691TZ2004PLC011255 | Coimbatore, Tamil Nadu, India |
| Trent | L24240MH1952PLC008951 | Mumbai, Maharashtra, India |
| Joyalukkas | U51398KL2002PLC015372 | Thrissur, Kerala, India |
| Grt Jewellers | U27310TN1992PTC023070 | Chennai, Tamil Nadu, India |
| Titan Company | L74999TZ1984PLC001456 | Hosur, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Voltas before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Voltas: 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 80/100, 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 Voltas - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Voltas 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 Voltas - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Voltas an active company?
Voltas has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Voltas financially healthy?
Voltas has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Voltas?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Voltas?
Promoters hold the largest single block of equity - exact percentages are in the full report. 15 active director(s) are on record.
Does Voltas have loans or charges against its assets?
24 open charge(s) are registered against its assets, and 77 earlier charge(s) stand satisfied.
Is Voltas up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Voltas?
Its Credit Risk Score is 80/100 (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.
