Checkmate Services Private Limited - Due diligence report

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

1992-06-30 Vadodara, Gujarat Active Unlisted Active Compliant
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CS Checkmate Services Private Limited
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  • Director details, charges & MCA documents
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Checkmate — 360° Intelligence Report

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

Checkmate is assessed as Moderate with a Trust Score of 73/100. Checkmate is an active private limited indian non-government company incorporated in 1992, operating in the Business 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 19 Jul 2026 from the latest processed filings. Checkmate Services Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Caution

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 ScoreCaution Indicated
28/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
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
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 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.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BB+).

Charges position: 91 open (585.72 cr) · 129 satisfied (215.14 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited3 48.0 cr
Others53 48.0 cr
Bank Of Baroda4 48.0 cr
Hdfc Bank Limited125 48.0 cr
Indusind Bank Ltd.1 48.0 cr
Citi Bank N.A.1 48.0 cr
Compliance Score: 28/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • Litigation present in 3 court forum(s).
  • 1 auditor resignation(s) filed - latest: Bharat Modi on 2019-09-17.
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VIKRAM PRATAPSINGH MAHURKAR 01234567 Director 01/04/2018 6 yrs Approved
DARSHANA BANKET KAYAL 01234567 Director 01/04/2018 6 yrs Approved
HIREN DILIPKUMAR BHATT 01234567 Director 01/04/2018 6 yrs Approved
SHARMILA VIKRAM MAHURKAR 01234567 Director 01/04/2018 6 yrs Approved
Ajaykumar Chaudhary 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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
1
Group entities
1
Capital events
0 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Checkmate Facility And Electronic Solutions Private Limited Subsidiary Company 74.00%

Key managerial personnel: VIKRAM PRATAPSINGH MAHURKAR (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 34+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Compliance score is weak (28/100).
91 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 · Investor
Vendor due diligence60/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 91 open charge(s) of 585.72 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Oct 2025
Charge created
Others - 6.50 Lakh
17 Oct 2025
Charge satisfied
Others
09 Oct 2025
Charge created
Others - 89,000.00
08 Oct 2025
Charge created
Others - 2.99 cr
07 Oct 2025
Charge satisfied
Hdfc Bank Limited
29 Sep 2025
Charge created
Others - 4.97 cr
28 Aug 2025
Charge created
Axis Bank Limited - 4.16 cr
19 Jul 2025
Charge created
Others - 10.19 Lakh
06 Jun 2025
Charge created
Others - 7.12 Lakh
03 Jun 2025
Charge satisfied
Hdfc Bank Limited
19 May 2025
Charge created
Others - 11.00 cr
16 May 2025
Charge created
Others - 8.58 Lakh
Charge satisfied
Hdfc Bank Limited
14 May 2025
Charge satisfied
Hdfc Bank Limited
09 May 2025
Charge satisfied
Hdfc Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BB+ from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Terrier U74920KA2009PTC049810 Bangalore South, Karnataka, India
B4S Solutions U74920DL1999PTC099070 New Delhi, Delhi, India
First Global Services Private Limited U74920DL2010PTC203955 New Delhi, Delhi, India
Bsa Group U74999PN2000PLC014738 Pune City, Maharashtra, India
Bombay Intelligence Security U74920MH1988PLC048012 Mumbai, Maharashtra, India
Modern Veer Rays Security Force (India) Pvt Ltd U74920MH1992PTC067236 Mumbai, Maharashtra, India
Peregrineguarding U74920DL2003PTC122546 New Delhi, Delhi, India
Walsons U74999DL1997PTC088528 East Delhi, Delhi, India
12

Who Uses This Report

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

Verify Checkmate before audits and certifications: compliance score 28/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Checkmate: 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 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 85/100, margin trends, ownership structure and peer set for Checkmate - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Checkmate 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 Checkmate - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Checkmate an active company?

Checkmate has MCA status “Active” with a compliance score of 28/100 (Caution Indicated).

Is Checkmate financially healthy?

Checkmate has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Checkmate?

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

Who controls Checkmate?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Checkmate have loans or charges against its assets?

91 open charge(s) are registered against its assets, and 129 earlier charge(s) stand satisfied.

Is Checkmate up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 28/100 (Caution Indicated).

Is it risky to lend to Checkmate?

Its Credit Risk Score is 60/100 (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.