Candes Technology Private Limited - Due diligence report

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

2021-01-25 New Delhi, Delhi Active Unlisted Active Compliant
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CT Candes Technology Private Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Candesworld — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Candesworld is assessed as Moderate with a Trust Score of 73/100. Candesworld is an active private limited indian non-government company incorporated in 2021, operating in the E-Commerce sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Candes Technology Private Limited snapshot & full profile →

Financial Health › Good
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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

Charges position: 0 open (-) · 2 satisfied (30.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 82/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 2 auditor resignation(s) filed - latest: Walker Chandiok & Co LLP on 2023-07-25.
  • Delayed payments to MSME suppliers disclosed (137 disclosure(s)).
  • 10 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
ABHISHEK BISWAS 01234567 Director 01/04/2018 6 yrs Approved
SUKHJEET SINGH CHAHAL 01234567 Director 01/04/2018 6 yrs Approved
Naman Jaju 01234567 Director 01/04/2018 6 yrs Approved
Robin Vijan 01234567 Director 01/04/2018 6 yrs Approved
Bharat Mundhra 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 8 director exits in 3 years - high churn.
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
Globalbees Brands Private Limited
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Globalbees Brands Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 2 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
8 director exits within 2 years.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 72.91 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment63/100
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 record supports lending.
Investor view71/100
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
30 Sep 2025
Director appointed
SUKHJEET SINGH CHAHAL (Additional Director)
Director ceased
Naman Jaju
22 Aug 2025
Last AGM held
Annual general meeting
21 Aug 2025
Director ceased
Robin Vijan
Director ceased
Bharat Mundhra
01 Jul 2025
Director appointed
Bharat Mundhra (Director)
23 Jun 2025
Director ceased
CHETNA MANISH MALAVIYA
11 May 2025
Director appointed
Robin Vijan (Director)
Director ceased
SUMIT KISHAN SHARMA
31 Mar 2025
Latest balance sheet
Filed with ROC
05 Feb 2025
Charge satisfied
Axis Bank Limited
02 Jan 2025
Director ceased
ABHISHEK BISWAS
14 Nov 2024
Director ceased
VIPIN AGGARWAL
17 Oct 2024
Director appointed
Naman Jaju (Nominee Director)
Director ceased
NEHA SOMANI
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 2 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
10 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shri Ked Insulations Private Limited U74140DL2007PTC172009 New Delhi, Delhi, India
Kanta Flex (India) Private Limited U25199TN1991PTC021091 Chennai, Tamil Nadu, India
Jagannath Extrusion India Limited U25200GJ2008PLC053523 Ankleshwar, Gujarat, India
Ensol Multiclean Equipments Private Limited U29299RJ2002PTC017566 Jaipur, Rajasthan, India
Skb Metals Private Limited U28999WB2021PTC248132 Bhagabatipur, West Bengal, India
Ipsen Technologies Private Limited U29141WB1993PTC058694 Parganas South, West Bengal, India
Vossloh Beekay Castings Limited U27102DL1974FLC007229 New Delhi, Delhi, India
Swatiswitchgears U31109GJ1993PTC020457 Changadorahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Candesworld before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Candesworld: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Candesworld - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Candesworld pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Candesworld - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Candesworld an active company?

Candesworld has MCA status “Active” with a compliance score of 82/100 (Low Risk).

Is Candesworld financially healthy?

Candesworld has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Candesworld?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Candesworld?

The ultimate holding entity is Globalbees Brands Private Limited. 5 active director(s) are on record.

Does Candesworld have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Candesworld up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).

Is it risky to lend to Candesworld?

Its Credit Risk Score is 55/100 (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.