First Data Development Private Limited - Due diligence report

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

2013-07-02 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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Hsalegal — 360° Intelligence Report

Generated from MCA filings & public records
59/100
Trust Score
Moderate

Hsalegal is assessed as Moderate with a Trust Score of 59/100. Hsalegal is a 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 high compliance risk and low financial risk profile.

Report generated on 08 Jul 2026 from the latest processed filings. First Data Development Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

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 ScoreModerate
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 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: 20/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • 2 auditor resignation(s) filed - latest: S.R. BATLIBOI & CO. LLP on 2020-05-18.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SRINI KRISH 01234567 Director 01/04/2018 6 yrs Approved
GOPAKUMAR SUBRAMONIAN 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 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
First Data (singapore) Pte. Ltd.
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 3 transfer(s)

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

Group entityRelationship% held
First Data (singapore) Pte. Ltd. Holding Company 74.00%

Key managerial personnel: SRINI KRISH (Whole-time director) · GOPAKUMAR SUBRAMONIAN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 13+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (20/100).
2 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence38/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment68/100
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 gaps should be priced into terms.
Investor view77/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 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 2022
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
24 Mar 2021
Director ceased
SRINI KRISH
31 Mar 2017
Share transfer (FY 2017)
46192.00000000 shares to First Data Merchant
12 Oct 2016
Securities allotted
248509 Equity Shares - 11.90 cr raised
30 Sep 2016
Director ceased
GOPAKUMAR SUBRAMONIAN
04 Jul 2016
Director ceased
RAVI POCHIRAJU
12 May 2016
Director appointed
SRINI KRISH (Whole-time director)
Director appointed
GOPAKUMAR SUBRAMONIAN (Whole-time director)
Director ceased
SUMIT CHOPRA
Director ceased
APARAJIT BHATTACHARYA
Director ceased
HEMANT SAHAI
09 Apr 2016
Securities allotted
972828 Equity Shares - 24.90 cr raised
31 Mar 2016
Share transfer (FY 2016)
1000.00000000 shares to First Data Merchant
Share transfer (FY 2016)
1000.00000000 shares to First Data
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Areteans U72300TG2015PTC101943 Shaikpet, Telangana, India
Infovisionlabs U72200PN2014PTC152437 Pune, Maharashtra, India
Verifone India Sales Private Limited U32109DL2005FTC139736 New Delhi, Delhi, India
Cms U30007MH1980PLC022235 Mumbai, Maharashtra, India
Dover India U29141KA1994PTC054955 Bangalore, Karnataka, India
Playsimple Games U72900KA2014PLC077406 Bangalore, Karnataka, India
Velocis Systems U74899DL1995PTC069887 New Delhi, Delhi, India
Bharti Enterprises U74140HR2015PLC096027 Gurgaon, Haryana, India
12

Who Uses This Report

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

Verify Hsalegal before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hsalegal: 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 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 90/100, margin trends, ownership structure and peer set for Hsalegal - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Hsalegal 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 Hsalegal - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hsalegal an active company?

Hsalegal has MCA status “Amalgamated” with a compliance score of 20/100 (Caution Indicated).

Is Hsalegal financially healthy?

Hsalegal has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Hsalegal?

Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hsalegal?

The ultimate holding entity is First Data (singapore) Pte. Ltd.. 2 active director(s) are on record.

Does Hsalegal have loans or charges against its assets?

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

Is Hsalegal up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 20/100 (Caution Indicated).

Is it risky to lend to Hsalegal?

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