Corestack India Private Limited - Due diligence report

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

2013-05-07 Sriperumbudur, Tamil Nadu Active Unlisted Active Compliant
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CI Corestack India Private Limited
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Corestack — 360° Intelligence Report

Generated from MCA filings & public records
89/100
Trust Score
Low Risk

Corestack is assessed as Low Risk with a Trust Score of 89/100. Corestack is an active private limited indian non-government company incorporated in 2013, 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 16 Jul 2026 from the latest processed filings. Corestack India 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
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
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
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
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: 75/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (7.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
KRISHNA NARAYANAN KRISHNAKUMAR 01234567 Director 01/04/2018 6 yrs Approved
RATHINASABAPATHY 01234567 Director 01/04/2018 6 yrs Approved
RAJAGOPALAN RAGHAVAN 01234567 Director 01/04/2018 6 yrs Approved
BALAKRISHNAN PERUMAL 01234567 Director 01/04/2018 6 yrs Approved
  • 4 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 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
Corestack Inc
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Group entityRelationship% held
Corestack 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 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment81/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 7.00 cr already registered.
  • Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
04 Nov 2024
Charge created
Axis Bank Limited - 5.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
19 Aug 2024
Charge created
Others - 2.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Sep 2023
Director ceased
RAJAGOPALAN RAGHAVAN
Director ceased
BALAKRISHNAN PERUMAL
01 Mar 2023
Director appointed
RAJAGOPALAN RAGHAVAN (Director)
Director appointed
BALAKRISHNAN PERUMAL (Director)
28 Feb 2020
Director ceased
NARAYANAN BALAKRISHANAN THIRUVALLUVA
22 Dec 2017
Securities allotted
1777745 Equity Shares - 1.78 cr raised
07 May 2013
Incorporated
Registered with Roc Chennai
Director appointed
KRISHNA NARAYANAN KRISHNAKUMAR (Director)
Director appointed
RATHINASABAPATHY (Director)
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); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Aera Technology U72900PN2017FTC172429 Pune, Maharashtra, India
Instabase India Private Limited U72900KA2019FTC130235 Bangalore South, Karnataka, India
Expedien Esolutions U30007UP1996PLC020115 Noida, Uttar Pradesh, India
Crayon Data U72900TN2013PTC089987 Saidapet, Tamil Nadu, India
Seasia Infotech U72900HR2011PTC043148 Ambala Cantt, Haryana, India
Spotnana Technology Private Limited U63090MH2019PTC321298 Mumbai, Maharashtra, India
Clayfin U65100TN2009PTC070519 Saidapet, Tamil Nadu, India
Bangalore Fox Technology Center Private Limited U72900KA2021FTC150347 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Corestack before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Corestack: 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 75/100, 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 Corestack - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Corestack 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 Corestack - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Corestack an active company?

Corestack has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Corestack financially healthy?

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

Should I do business with Corestack?

Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Corestack?

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

Does Corestack have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Corestack up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Corestack?

Its Credit Risk Score is 75/100 (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.