Finnovate Financial Services Private Limited - Due diligence report

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

2007-07-12 Mumbai, Maharashtra Active Unlisted Active Compliant
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Finnovate — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Finnovate is assessed as Low Risk with a Trust Score of 82/100. Finnovate is an active private limited indian non-government company incorporated in 2007, operating in the Financial 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 moderate compliance risk and low financial risk profile.

Report generated on 29 Jul 2026 from the latest processed filings. Finnovate Financial Services Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
53/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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.

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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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (8.50 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Compliance Score: 53/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: SEBI.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: KETAN NANJI GADA on 2018-08-29.
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NEHAL PRAVIN MOTA 01234567 Director 01/04/2018 6 yrs Approved
NAVEEN SINGH 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 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
-
Group entities
-
Capital events
7 allotment(s) · 4 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 19+ years.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (53/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 8.50 Lakh already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Jan 2023
Charge created
Hdfc Bank Limited - 8.50 Lakh
31 Dec 2022
Securities allotted
15985 Equity Shares - 25.96 Lakh raised
02 Dec 2022
Securities allotted
3200 Equity Shares - 12.51 Lakh raised
30 Sep 2022
Securities allotted
3200 Equity Shares - 12.51 Lakh raised
09 Sep 2022
Securities allotted
3200 Equity Shares - 12.51 Lakh raised
Securities allotted
12800 Equity Shares - 20.79 Lakh raised
31 Mar 2022
Share transfer (FY 2022)
50000.00000000 shares to Naveen Singh
Share transfer (FY 2022)
150000.00000000 shares to Nehal Pravin Mota
Share transfer (FY 2022)
55000.00000000 shares to Akshay Sanam Siroya
Share transfer (FY 2022)
12346.00000000 shares to Nirav Raichura
21 May 2019
Securities allotted
280000 Equity Shares - 28.00 Lakh raised
12 Jul 2007
Incorporated
Registered with Roc Mumbai
Director appointed
NEHAL PRAVIN MOTA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Jainarain Marketing Private Limited U74999MH1995PTC086824 Mumbai, Maharashtra, India
Apeejay Insurance Broking U67200WB2004PTC100880 Kolkata, West Bengal, India
Nearby Insurance Broking Services Private Limited U67190MH2013PTC239476 Mumbai, Maharashtra, India
Fine Advice Private Limited U66010WB2008PTC125342 Kolkata, West Bengal, India
Stakeholders Empowerment Services U65990MH1989PTC054667 Mumbai, Maharashtra, India
V Jethalal Ramji Share Brokers Private Limited U67120MH1997PTC112198 Mumbai, Maharashtra, India
Roseto Resolve Private Limited U74999MH2020PTC348767 Thane, Maharashtra, India
Market Mastro U51109GJ2008PTC054477 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Finnovate before audits and certifications: compliance score 53/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Finnovate: 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 95/100, 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 Finnovate - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Finnovate 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 Finnovate - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Finnovate an active company?

Finnovate has MCA status “Active” with a compliance score of 53/100 (Moderate).

Is Finnovate financially healthy?

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

Should I do business with Finnovate?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Finnovate?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Finnovate have loans or charges against its assets?

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

Is Finnovate up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 53/100 (Moderate).

Is it risky to lend to Finnovate?

Its Credit Risk Score is 95/100 (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.