Cartrade Tech Limited - Due diligence report

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

2000-04-28 Navi Mumbai, Maharashtra Active Listed Active Compliant
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CT Cartrade Tech Limited
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Cartrade — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Cartrade is assessed as Low Risk with a Trust Score of 86/100. Cartrade is an active public limited indian non-government company incorporated in 2000, operating in the E-Commerce 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 moderate compliance risk and low financial risk profile.

Report generated on 28 Jun 2026 from the latest processed filings. Cartrade Tech 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
71/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
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 ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 71/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: Deloitte Haskins and Sells LLP on 2018-10-22.
  • 3 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VIVEK GUL ASRANI 01234567 Director 01/04/2018 6 yrs Approved
VINAY VINOD SANGHI 01234567 Director 01/04/2018 6 yrs Approved
VICTOR ANTHONY PERRY III 01234567 Director 01/04/2018 6 yrs Approved
ANEESHA MENON 01234567 Director 01/04/2018 6 yrs Approved
LAKSHMINARAYANAN SUBRAMANIAN 01234567 Director 01/04/2018 6 yrs Approved
LALBAHADUR DEEPNARAYAN PAL 01234567 Director 01/04/2018 6 yrs Approved
ANEESHA MENON 01234567 Director 01/04/2018 6 yrs Approved
KISHORI JAYENDRA UDESHI 01234567 Director 01/04/2018 6 yrs Approved
Aneesha Bhandary 01234567 Director 01/04/2018 6 yrs Approved
Steven Douglas Greenfield 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
-
Subsidiaries
6
Group entities
6
Capital events
0 allotment(s) · 10 transfer(s)
Group entityRelationship% held
Cartrade Finance Private Limited Subsidiary Company 74.00%
Cartrade Foundation Subsidiary Company 74.00%
Adroit Inspection Services Private Limited Subsidiary Company 74.00%
Augeo Asset Management Private Limited Subsidiary Company 74.00%
Cartradeexchange Solutions Private Limited Subsidiary Company 74.00%
Shriram Automall India Limited Subsidiary Company 74.00%

Key managerial personnel: VINAY VINOD SANGHI (Managing Director) · ANEESHA MENON (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
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 view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
01 May 2025
Director ceased
Steven Douglas Greenfield
01 Apr 2025
Director appointed
Steven Douglas Greenfield (Director)
27 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Mar 2022
Share transfer (FY 2022)
263857.00000000 shares to Malabar Select Fund
Share transfer (FY 2022)
343014.00000000 shares to Ashoka India Eq Investment Trust
Share transfer (FY 2022)
395785.00000000 shares to India Acron Fund Limited
21 Jul 2021
Director ceased
LAKSHMINARAYANAN SUBRAMANIAN
12 May 2021
Director appointed
LAKSHMINARAYANAN SUBRAMANIAN (Director)
29 Apr 2021
Director ceased
VIVEK GUL ASRANI
Director ceased
ANEESHA MENON
Director ceased
KISHORI JAYENDRA UDESHI
26 Apr 2021
Director ceased
SIDDHARTH NARAYAN
Director ceased
RAJAN JITENDRA MEHRA
Director ceased
AVNEET SINGH KOCHAR
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Equinix U72900MH2019FTC355906 Mumbai, Maharashtra, India
Patra India Bpo Services Private Limited U72200AP2007PTC052623 Visakhapatnam, Andhra Pradesh, India
Techaspect Solutions Private Limited U72200TG2000PTC035744 Seri Lingampally, Telangana, India
Banctec U64202MH1999PTC119911 Mumbai, Maharashtra, India
Excelra U72100TG2006PTC049287 Hyderabad, Telangana, India
Statestreet Global Advisors India Private Limited U74130KA2007PTC043738 Bangalore, Karnataka, India
Tomtom U72200PN2000PTC014486 Pune, Maharashtra, India
Vwo U72200DL2010PTC203248 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Cartrade before audits and certifications: compliance score 71/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Cartrade: 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 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 90/100, margin trends, ownership structure and peer set for Cartrade - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Cartrade pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Cartrade - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Cartrade an active company?

Cartrade has MCA status “Active” with a compliance score of 71/100 (Moderate).

Is Cartrade financially healthy?

Cartrade has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Cartrade?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Cartrade?

See the directors and ownership sections above for board and shareholding detail. 10 active director(s) are on record.

Does Cartrade have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Cartrade up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 71/100 (Moderate).

Is it risky to lend to Cartrade?

Its Credit Risk Score is 60/100 (Moderate). 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.