Promoter holding
64.27%
DS
Digicard Services Private Limited - Due diligence report
A 360° intelligence report on Bharatpay: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Bharatpay — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Bharatpay is assessed as Moderate with a Trust Score of 66/100. Bharatpay is an active private limited indian non-government company incorporated in 2016, operating in the Financial Services sector. Reported revenue has declined 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 high financial risk profile.
Report generated on 10 Jul 2026 from the latest processed filings. Digicard Services Private Limited snapshot & full profile →
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.
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Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
66/100
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
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
50/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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 accessScores 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
- Negative operating earnings - debt service depends on external support.
- 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).
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Director Intelligence
Stability score: 50/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ASHUTOSH NIGAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAKET KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- SAKET KUMAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
Director & KMP remuneration (FY 2020)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Vara Technology Private Limited
Subsidiaries
-
Group entities
1
Capital events
9 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Vara Technology Private Limited | Holding Company | 74.00% |
| A2f Ventures Private Limited | Associate Company | 74.00% |
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 45 · Distress 55
Growth signals & trust indicators
Net margin improved to 38%.
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment59/100
Mixed indicators - deeper appraisal suggested
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 view45/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events24 Oct 2025
Director appointed
SAKET KUMAR (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2021
Securities allotted
1000000 Debentures - 1.00 cr raised
Share transfer (FY 2021)
740111.00000000 shares to VARA TECHNOLOGY PVT. LTD
31 Dec 2020
Director ceased
VIKRAM KASERA
31 Mar 2020
Director ceased
ARUN KAPUR
31 Aug 2019
Director ceased
ASHUTOSH NIGAM
15 Mar 2019
Securities allotted
25775 Equity Shares - 2.58 Lakh raised
01 Jan 2019
Director appointed
ASHUTOSH NIGAM (Director)
Director ceased
AMBARISH PAREKH
31 Mar 2018
Securities allotted
62745 Equity Shares - 8.00 Lakh raised
27 Mar 2018
Securities allotted
215993 Equity Shares - 33.48 Lakh raised
23 Mar 2018
Securities allotted
290115 Equity Shares - 29.01 Lakh raised
12 Sep 2017
Securities allotted
162585 Equity Shares - 20.73 Lakh raised
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Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
2 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.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Access Equity Private Limited | U74899DL1995PTC071399 | New Delhi, Delhi, India |
| Casagrand Luxor Private Limited | U70109TN2022PTC151712 | Chennai, Tamil Nadu, India |
| Zipper Mercantiles Pvt.Ltd. | U51109PB1995PTC032078 | Mandi Gobindgarh, Punjab, India |
| Sndl Forex & Travels Private Limited | U67190WB2022PTC256466 | Kolkata, West Bengal, India |
| Yule Investments Private Limited | U67120MH1995PTC092541 | Mumbai, Maharashtra, India |
| Classic Fintrex Private Limited | U65999WB1994PTC062785 | Kolkata, West Bengal, India |
| Doogar And Associates Securities Private Limited | U67190DL1993PTC053234 | New Delhi, Delhi, India |
| Ace Finlease Private Limited | U65910KL1996PTC010644 | Calicut, Kerala, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Bharatpay 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 Bharatpay: 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 55/100, 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 Bharatpay - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Bharatpay 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 Bharatpay - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Bharatpay an active company?
Bharatpay has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Bharatpay financially healthy?
Bharatpay has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Bharatpay?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Bharatpay?
The ultimate holding entity is Vara Technology Private Limited. 2 active director(s) are on record.
Does Bharatpay have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Bharatpay 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 Bharatpay?
Its Credit Risk Score is 55/100 (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.
