Cipher Research Private Limited - Due diligence report

A 360° intelligence report on Cipher Research Private Limited: trust score, financial health, credit view, compliance, directors, growth and…

2017-12-29 Dlf Qe, Haryana Active Unlisted Active Compliant
Share
Connect MCP
CR Cipher Research Private Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹449 Save ₹251 excl. GST
Or from ₹279/report with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Cipher Research Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Cipher Research Private Limited is assessed as Low Risk with a Trust Score of 85/100. Cipher Research Private Limited is an active private limited indian non-government company incorporated in 2017, operating in the Travel and Hospitality 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 01 Aug 2026 from the latest processed filings. Cipher Research 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
85/100
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
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • 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: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
HARISH DAIYA 01234567 Director 01/04/2018 6 yrs Approved
SHIRISH DAIYA 01234567 Director 01/04/2018 6 yrs Approved
Patrick Noel Waddington Turner 01234567 Director 01/04/2018 6 yrs Approved
Michael Lewis Gebhardt 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • HARISH DAIYA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2022)
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 2022 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
Cipher Group Technologies Inc.
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Cipher Group Technologies Inc. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
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 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
No critical warning flags detected in the available data.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment92/100
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 view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
Patrick Noel Waddington Turner
Director ceased
Michael Lewis Gebhardt
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Feb 2025
Director appointed
Patrick Noel Waddington Turner (Nominee Director)
Director appointed
Michael Lewis Gebhardt (Nominee Director)
31 Mar 2020
Share transfer (FY 2020)
5109.00000000 shares to CIPHER GROUP TECHNOLOGIES INC
Share transfer (FY 2020)
4891.00000000 shares to CIPHER GROUP TECHNOLOGIES INC
30 Sep 2019
Director ceased
HARISH DAIYA
28 Jun 2019
Director appointed
HARISH DAIYA (Director)
31 Mar 2019
Share transfer (FY 2019)
4890.00000000 shares to Shirish Daiya
Share transfer (FY 2019)
1.00000000 shares to Shirish Daiya
29 Sep 2018
Director ceased
SHIRISH DAIYA
17 Apr 2018
Director appointed
SHIRISH DAIYA (Director)
29 Dec 2017
Incorporated
Registered with Roc Delhi
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.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 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 minority 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
String Bio U24297KA2013PTC069481 Yeshwanthpur Hobli Bangalore, Karnataka, India
Bomag India Private Limited U52609PN2018FTC234272 Khed, Maharashtra, India
Convergent View Research & Consultancy Private Limited U73100DL2017PTC408999 New Delhi, Delhi, India
Staubli India Private Limited U51909MH2006PTC164627 Mumbai, Maharashtra, India
Apex Freight System Private Limited. U63090MH2006PTC159563 Mumbai, Maharashtra, India
Paycraft Urban Solutions Private Limited U74900MH2014PTC255118 Mumbai, Maharashtra, India
Navaratan Technologies U72200TG2016PTC109424 Hyderabad, Telangana, India
Incubis Consultants U72900DL2000PTC105359 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Cipher Research Private Limited 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 Cipher Research Private Limited: 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 90/100, 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 Cipher Research Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Cipher Research Private Limited 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 Cipher Research Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Cipher Research Private Limited an active company?

Cipher Research Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Cipher Research Private Limited financially healthy?

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

Should I do business with Cipher Research Private Limited?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Cipher Research Private Limited?

The ultimate holding entity is Cipher Group Technologies Inc.. 4 active director(s) are on record.

Does Cipher Research Private Limited have loans or charges against its assets?

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

Is Cipher Research Private Limited 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 Cipher Research Private Limited?

Its Credit Risk Score is 90/100 (Low Risk). 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.