Promoter holding
64.27%
CC
Challani Capital Limited - Due diligence report
A 360° intelligence report on Indo Asia Finance: trust score, financial health, credit view, compliance, directors, growth and distress sign…
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Indo Asia Finance — 360° Intelligence Report
Generated from MCA filings & public records69/100
Trust Score
Moderate
Indo Asia Finance is assessed as Moderate with a Trust Score of 69/100. Indo Asia Finance is an active public limited indian non-government company incorporated in 1990, operating in the Financial Services 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 16 Jul 2026 from the latest processed filings. Challani Capital 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
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
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 ScoreModerate
65/100
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: 80/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 1 open (6.00 cr) · 7 satisfied (63.25 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank As Leading Bank Along With 10 Other Banks Under Consortium | 1 | 48.0 cr |
| S Krishnan | 2 | 48.0 cr |
| R Krishnan | 2 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Prasan Chand Chopra | 1 | 48.0 cr |
| Punjab And Sind Bank | 1 | 48.0 cr |
Compliance Score: 40/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: FIU, BSE, RBI.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: IMMANUEL CLEMENTS C on 2015-12-21.
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RADHAKRISHNAN PREMKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SWAPNA PAWAN KOCHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SELVAMANI GOWRISHANKARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATASUBRAMANIAN SUNDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chellaiah Madhavan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH MALLELA KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADAM J CHALLANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 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 2021)
| 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
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: Chellaiah Madhavan (CFO) · PADAM J CHALLANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 38% in a year.
Compliance score is weak (40/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 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.
- 1 open charge(s) of 6.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view80/100
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 events29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Nov 2024
Director ceased
CHELLAIAH MADHAVAN
18 Sep 2024
Director ceased
SELVAMANI GOWRISHANKARAN
09 Aug 2024
Director appointed
SELVAMANI GOWRISHANKARAN (Director)
08 Jan 2024
Charge satisfied
S Krishnan
10 Sep 2022
Director ceased
RAMESH MALLELA KUMAR
23 May 2022
Director appointed
Chellaiah Madhavan (CFO)
18 Feb 2022
Charge satisfied
State Bank Of India
06 Nov 2021
Director appointed
RAMESH MALLELA KUMAR (Director)
16 Sep 2021
Director ceased
RADHAKRISHNAN PREMKUMAR
20 Aug 2021
Director ceased
SUBRAMANIAN N
08 Jun 2021
Director appointed
RADHAKRISHNAN PREMKUMAR (Director)
08 May 2021
Director ceased
MARUDADU JAYARAM LAKSHMI NARASIMHARAO
20 Apr 2021
Securities allotted
6000000 Equity Shares - 6.00 cr raised
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
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| Cojective Digital Payment And Trading Services Private Limited | U74999DL2019PTC347454 | Delhi, Delhi, India |
| Shuklamber Exports Limited | U18010DL1984PLC019519 | New Delhi, Delhi, India |
| Ranm Chit Funds Private Limited | U65992TZ1982PTC001144 | Erode, Tamil Nadu, India |
| Bbc Chit Fund Pvt Ltd | U74899DL1984PTC017914 | New Delhi, Delhi, India |
| Map Forex Exim Private Limited | U67190MH2010PTC209378 | Mumbai, Maharashtra, India |
| Aswani Chit Funds Private Limited | U65992TG2018PTC128904 | Hyderabad, Telangana, India |
| Olympic General Trading Limited. | U67120WB1975PLC030101 | Kol, West Bengal, India |
| St. Mary Forex Bureau Limited | U74920TN1999PLC042130 | Nagercoil 629 001., Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indo Asia Finance before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indo Asia Finance: 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 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 90/100, margin trends, ownership structure and peer set for Indo Asia Finance - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Indo Asia Finance pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Indo Asia Finance - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indo Asia Finance an active company?
Indo Asia Finance has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).
Is Indo Asia Finance financially healthy?
Indo Asia Finance has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Indo Asia Finance?
Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indo Asia Finance?
Promoters hold a majority stake - exact percentages are in the full report. 7 active director(s) are on record.
Does Indo Asia Finance have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Indo Asia Finance up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 40/100 (Caution Indicated).
Is it risky to lend to Indo Asia Finance?
Its Credit Risk Score is 80/100 (Low Risk). 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.
