First Rain Software Centre Private Limited - Due diligence report

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

2001-01-11 Bengaluru, Karnataka Under Liquidation Unlisted Active Compliant
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Firstrain — 360° Intelligence Report

Generated from MCA filings & public records
46/100
Trust Score
Caution Indicated

Firstrain is assessed as Caution Indicated with a Trust Score of 46/100. Firstrain is a private limited indian non-government company incorporated in 2001, 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 high compliance risk and high financial risk profile.

Report generated on 09 Jul 2026 from the latest processed filings. First Rain Software Centre Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
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 ScoreCaution Indicated
46/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 1 satisfied (1.10 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Standard Chartered Bank1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Last balance sheet is for Mar 2020 - filings overdue.
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DILIP KUMAR PARASMAL 01234567 Director 01/04/2018 6 yrs Approved
ANDREW SIMON PRICE 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 2017)
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 2020 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 Rain Inc, Usa
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
First Rain Inc, Usa Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 25+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence28/100
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 assessment36/100
Enhanced diligence advised
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 view42/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
15 Jun 2020
Last AGM held
Annual general meeting
31 Mar 2020
Latest balance sheet
Filed with ROC
11 Mar 2020
Charge satisfied
Standard Chartered Bank
17 Sep 2018
Director ceased
DILIP KUMAR PARASMAL
Director ceased
ANDREW SIMON PRICE
01 Aug 2017
Director appointed
ANDREW SIMON PRICE (Director)
31 Jul 2017
Director ceased
VIVIE LEE
01 Jul 2017
Director appointed
DILIP KUMAR PARASMAL (Director)
Director ceased
APARNA GUPTA
29 Sep 2016
Director ceased
MARTIN SCOTT BETZ
18 Dec 2013
Director ceased
PENELOPE ANN HERSCHER
16 May 2011
Director ceased
UDIT BAHADUR MATHUR
22 Sep 2009
Charge created
Standard Chartered Bank - 1.10 Lakh
29 Sep 2008
Director ceased
SACHIN AGARWAL
30 Jun 2008
Director ceased
LUIS P. BUHLER
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Russmedia Tech U72200GJ2013PTC077195 Vadodara, Gujarat, India
Wuckers Solution Private Limited U72900DL2017PTC320686 New Delhi, Delhi, India
Bevishnu Consulting Private Limited U72900TN2015PTC099263 Chennai, Tamil Nadu, India
Mobius U72900KA2019PTC130953 Near Pius X Church, Karnataka, India
Vidaksh Technology Private Limited U72900KA2018PTC117282 Bengaluru, Karnataka, India
Exinary Technologies Private Limited U72200KL2011PTC028847 Trivandrum, Kerala, India
Da Technosoft Private Limited U72900DL2006PTC154307 New Delhi, Delhi, India
I - Global Services Private Limited U72900GJ2010PTC059452 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Firstrain before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Firstrain: 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Firstrain - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 46/100, distress signals and MSME payment-delay disclosures - know whether Firstrain 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 Firstrain - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Firstrain an active company?

Firstrain has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Firstrain financially healthy?

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

Should I do business with Firstrain?

Its overall Trust Score is 46/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Firstrain?

The ultimate holding entity is First Rain Inc, Usa. 2 active director(s) are on record.

Does Firstrain have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Firstrain up to date with its ROC filings?

Last balance sheet is for Mar 2020 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Firstrain?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.