Checkmarx India Technology Services Private Limited - Due diligence report

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

2018-02-06 Vikhroli East, Maharashtra Active Unlisted
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CI Checkmarx India Technology Services Private Limited
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Checkmarx — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Checkmarx is assessed as Low Risk with a Trust Score of 84/100. Checkmarx is an active private limited foreign company incorporated in india incorporated in 2018, operating in the Information Technology 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 low compliance risk and low financial risk profile.

Report generated on 09 Jul 2026 from the latest processed filings. Checkmarx India Technology Services Private 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
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

Standalone · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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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
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

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

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
AJIT JYOTISHKUMAR SHAH 01234567 Director 01/04/2018 6 yrs Approved
SANDEEP JOHRI 01234567 Director 01/04/2018 6 yrs Approved
SHMUEL ARVATZ 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • SHMUEL ARVATZ has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
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
Checkmarx Limited
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Checkmarx Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence89/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment75/100
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.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 9 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Dec 2023
Director appointed
SANDEEP JOHRI (Additional Director)
11 May 2023
Director ceased
EMMANUEL JACOB BENZAQUEN
26 Sep 2019
Director ceased
AJIT JYOTISHKUMAR SHAH
30 Mar 2019
Director ceased
JIGNESH UMESH MAKWANA
15 Mar 2019
Director appointed
AJIT JYOTISHKUMAR SHAH (Director)
06 Feb 2018
Incorporated
Registered with Roc Mumbai
Director appointed
SHMUEL ARVATZ (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 3 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Fidel Softech L72200PN2004PLC020061 Pune, Maharashtra, India
Loginworks U72300UP2015PTC071631 Ghaziabad, Uttar Pradesh, India
Shyam Connect-Link Private Limited U64204GJ2011PTC064191 Navsari, Gujarat, India
Cohesive Technologies Private Limited U51100DL2008PTC172248 Delhi, Delhi, India
Zeel Infotech U72900MH2003PTC138699 Mumbai, Maharashtra, India
Flowcentric Technologies (India) Private Limited U72400TG2014PTC093407 Shaikpet, Telangana, India
Xandr India Private Limited U74999PN2020FTC191843 Pune, Maharashtra, India
Dataformix Technologies Private Limited U72502TG2001PTC036087 Hyderabad, Telangana, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Checkmarx: 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 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 95/100, margin trends, ownership structure and peer set for Checkmarx - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Checkmarx 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 Checkmarx - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Checkmarx an active company?

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

Is Checkmarx financially healthy?

Checkmarx has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Checkmarx?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Checkmarx?

The ultimate holding entity is Checkmarx Limited. 3 active director(s) are on record.

Does Checkmarx have loans or charges against its assets?

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

Is Checkmarx up to date with its ROC filings?

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

Is it risky to lend to Checkmarx?

Its Credit Risk Score is 55/100 (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.