Promoter holding
64.27%
AB
Axis Bank Limited - Due diligence report
A 360° intelligence report on Freecharge: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Freecharge — 360° Intelligence Report
Generated from MCA filings & public records60/100
Trust Score
Moderate
Freecharge is assessed as Moderate with a Trust Score of 60/100. Freecharge is an active public limited indian non-government company incorporated in 1993, operating in the Financial Services sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Axis Bank 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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
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: 50/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Externally credit-rated (AAA).
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI, FIU, IRDA.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (418 disclosure(s)).
- 56 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRANAM WAHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEENA GANESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMITABH CHAUDHRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARAMESWARAN PILLAI NAGA PRASAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIRISH SHRIKRISHNA PARANJAPE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHANTY SUBRAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MALAVIKA RAMANATHAN HARITA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMANABHAN GOPALARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUNISH SHARDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUNEET MAHENDRA SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEERAJ GAMBHIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUNEET MAHENDRA SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SESHABHADRASRINIVASA MALLIKARJUNARAO CHAMARTY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBRAMANIAN NURANI VISHWANATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHENDRA DEV SANJEEVA SURYADEVARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MINI IPE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 18 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2022)
| 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 2022 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
6
Group entities
7
Capital events
453 allotment(s) · 7 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Axis Bank Uk Limited | Subsidiary Company | 74.00% |
| Axis Capital Limited | Subsidiary Company | 74.00% |
| Axis Capital Usa, Llc | Subsidiary Company | 74.00% |
| Freecharge Payment Technologies Private Limited | Subsidiary Company | 74.00% |
| Axis Securities Limited | Subsidiary Company | 74.00% |
| Axis Trustee Services Limited | Subsidiary Company | 74.00% |
| Axis Finance Limited | Subsidiary Company | 74.00% |
| Axis Asset Management Company Limited | Subsidiary Company | 74.00% |
| Axis Mutual Fund Trustee Limited | Subsidiary Company | 74.00% |
| A.treds Limited | Subsidiary Company | 74.00% |
Key managerial personnel: AMITABH CHAUDHRY (Managing Director) · MOHANTY SUBRAT (Whole-time director) · MUNISH SHARDA (Whole-time director) · PUNEET MAHENDRA SHARMA (CFO) · PUNEET MAHENDRA SHARMA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 75
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
MSME payment delays disclosed - latest outstanding 66.51 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence57/100
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 assessment45/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view51/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events18 Dec 2025
Director appointed
MALAVIKA RAMANATHAN HARITA (Additional Director)
20 Oct 2025
Director appointed
NEERAJ GAMBHIR (Additional Director)
04 Aug 2025
Director ceased
RAJIV ANAND
25 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
09 May 2024
Director ceased
PRANAM WAHI
27 Feb 2024
Director appointed
MUNISH SHARDA (Whole-time director)
15 Feb 2024
Director appointed
PRANAM WAHI (Director)
25 Oct 2023
Director ceased
MINI IPE
17 Aug 2023
Director appointed
MOHANTY SUBRAT (Whole-time director)
29 Jul 2023
Director appointed
MINI IPE (Nominee Director)
27 Jul 2023
Director ceased
SUBRAMANIAN NURANI VISHWANATHAN
30 May 2023
Director appointed
SUBRAMANIAN NURANI VISHWANATHAN (Director)
27 Apr 2023
Director ceased
SESHABHADRASRINIVASA MALLIKARJUNARAO CHAMARTY
15 Mar 2023
Director ceased
PARAMESWARAN PILLAI NAGA PRASAD
10
Key Observations
Auto-generated from the data above18 active director(s) / partner(s); board looks stable and experienced.
56 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AAA from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 453 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Prithvi Broking Private Limited | U51909MH2007PTC173851 | Mumbai, Maharashtra, India |
| Pmc Consultants Private Limited | U74899DL1985PTC022674 | New Delhi, Delhi, India |
| Indo Global Commercials Private Limited | U23100MH1991PTC063736 | Nagpur, Maharashtra, India |
| Igh Holdings Private Limited | U64200MH2000PTC129356 | Mumbai, Maharashtra, India |
| India Post Payments Bank Limited | U74999DL2016GOI304561 | New Delhi, Delhi, India |
| Yes Bank | L65190MH2003PLC143249 | Mumbai, Maharashtra, India |
| Kotak | L65110MH1985PLC038137 | Mumbai, Maharashtra, India |
| Indusind Bank | L65191PN1994PLC076333 | Pune, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Freecharge 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 Freecharge: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Freecharge - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Freecharge pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Freecharge - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Freecharge an active company?
Freecharge has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Freecharge financially healthy?
Freecharge has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Freecharge?
Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Freecharge?
Promoters hold a minority stake - exact percentages are in the full report. 18 active director(s) are on record.
Does Freecharge have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Freecharge 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 Freecharge?
Its Credit Risk Score is 50/100 (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.
