Coverstack Technologies Private Limited - Due diligence report

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

2010-11-15 Mumbai, Maharashtra Active Unlisted Active Compliant
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CT Coverstack Technologies Private Limited
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Glitterbug — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Glitterbug is assessed as Low Risk with a Trust Score of 80/100. Glitterbug is an active private limited indian non-government company incorporated in 2010, operating in the Information Technology sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 28 Jun 2026 from the latest processed filings. Coverstack Technologies Private Limited snapshot & full profile →

Financial Health › Weak
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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Working-capital cover adequate.

Charges position: 2 open (50.59 cr) · 13 satisfied (59.40 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others15 48.0 cr
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: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJIB JHA 01234567 Director 01/04/2018 6 yrs Approved
RAHUL DHANASING BHAPKAR 01234567 Director 01/04/2018 6 yrs Approved
Sanjib Kumar Jha 01234567 Director 01/04/2018 6 yrs Approved
Sandeep Singhal 01234567 Director 01/04/2018 6 yrs Approved
Jyotsna Krishnan 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 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
-
Subsidiaries
-
Group entities
1
Capital events
39 allotment(s) · 12 transfer(s)
Group entityRelationship% held
Coverfox Insurance Broking Private Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 75
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment57/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 50.59 cr already registered.
  • Compliance record supports lending.
Investor view52/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
31 Dec 2025
Charge satisfied
Others
30 Dec 2025
Charge satisfied
Others
27 Dec 2025
Charge created
Others - 38.90 cr
Charge created
Others - 11.70 cr
20 Nov 2025
Director appointed
Jyotsna Krishnan (Nominee Director)
04 Oct 2025
Director appointed
Sandeep Singhal (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
26 Jun 2025
Charge created
Others - 2.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
23 Aug 2024
Charge created
Others - 14.30 cr
27 Jul 2024
Charge created
Others - 2.00 cr
25 Jun 2024
Charge created
Others - 50.00 Lakh
31 May 2024
Charge satisfied
Others
27 May 2024
Charge created
Others - 15.00 cr
22 Apr 2024
Charge created
Others - 2.18 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 39 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vh Mobile Metrics Private Limited U74900TN2012PTC089022 Chennai, Tamil Nadu, India
Endace Technology India Private Limited U73200TN2017FTC115695 Chennai City Corporation, Tamil Nadu, India
Ladder Media Private Limited U93000MP2020PTC052464 Agar, Madhya Pradesh, India
Omind Technologies Private Limited U72900WB2020PTC239237 Kolkata, West Bengal, India
Virmati Technologies Limited U74999GJ2017PLC100193 Ahmedabad, Gujarat, India
Apprikart U74900KA2015PTC084511 Bangalore, Karnataka, India
Venturit Consulting Services Private Limited U93000PN2014PTC152638 Pune, Maharashtra, India
Ifixedit Private Limited U72900HR2018PTC074963 Palam Vihar, Haryana, India
12

Who Uses This Report

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

Verify Glitterbug 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 Glitterbug: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Glitterbug - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Glitterbug 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 Glitterbug - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Glitterbug an active company?

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

Is Glitterbug financially healthy?

Glitterbug has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Glitterbug?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Glitterbug?

See the directors and ownership sections above for board and shareholding detail. 5 active director(s) are on record.

Does Glitterbug have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.

Is Glitterbug 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 Glitterbug?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.