Firstsource Process Management Services Limited - Due diligence report

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

2010-11-01 Goregaon East, Maharashtra Active Unlisted Active Compliant
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FP Firstsource Process Management Services Limited
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Firstsource — 360° Intelligence Report

Generated from MCA filings & public records
92/100
Trust Score
Low Risk

Firstsource is assessed as Low Risk with a Trust Score of 92/100. Firstsource is an active public limited indian non-government company incorporated in 2010, operating in the Information Technology 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 low financial risk profile.

Report generated on 23 Jun 2026 from the latest processed filings. Firstsource Process Management Services Limited snapshot & full profile →

Financial Health › Strong
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
92/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • 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).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
RITESH MOHAN IDNANI 01234567 Director 01/04/2018 6 yrs Approved
DINESH JAIN 01234567 Director 01/04/2018 6 yrs Approved
SWETA KINJAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
CYRUS RUSI SHROFF 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
Firstsource Solutions Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 6 transfer(s)

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

Group entityRelationship% held
Firstsource Solutions Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 80
Growth signals & trust indicators
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
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 assessment79/100
Favourable lending indicators
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 view70/100
Positive growth indicators
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Sep 2023
Director ceased
RITESH MOHAN IDNANI
01 Sep 2023
Director appointed
RITESH MOHAN IDNANI (Director)
29 Sep 2022
Director ceased
CYRUS RUSI SHROFF
18 May 2022
Director appointed
CYRUS RUSI SHROFF (Director)
14 May 2022
Director ceased
BADRINATH BHARADWAJ
27 Sep 2019
Director ceased
VIPUL KHANNA
01 Aug 2019
Director ceased
RAJESH SUBRAMANIAM
31 Mar 2017
Share transfer (FY 2017)
100.00000000 shares to Sanjay
Share transfer (FY 2017)
50.00000000 shares to Vimal
Share transfer (FY 2017)
50.00000000 shares to Ankur
Share transfer (FY 2017)
50.00000000 shares to Sunil
Share transfer (FY 2017)
50.00000000 shares to Shahul
27 Oct 2016
Director ceased
SHALABH JAIN
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 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 2022 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Itorigins Corporate Solutions Private Limited U74999TG2018PTC127901 Hyderabad, Telangana, India
Vgcon Systems Private Limited U72900TG2017PTC115751 Hyderabad, Telangana, India
Winglo Solutions Private Limited U74999TN2017PTC118730 Chennai City Corporation, Tamil Nadu, India
Wizone It Network India Private Limited U72900UR2020PTC010811 Roorkee, Uttarakhand, India
Parallax Digital Private Limited U72500DL2016PTC306507 Delhi, Delhi, India
Amnv Infotech Private Limited U72900MH2006PTC163154 Mumbai, Maharashtra, India
Ayasta U72900TG2017PTC115656 Hyderabad, Telangana, India
Wom Academy Private Limited U80904MH2015PTC261400 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Firstsource 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 Firstsource: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 40/100, margin trends, ownership structure and peer set for Firstsource - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 92/100, distress signals and MSME payment-delay disclosures - know whether Firstsource 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 Firstsource - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Firstsource an active company?

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

Is Firstsource financially healthy?

Firstsource has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Firstsource?

Its overall Trust Score is 92/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Firstsource?

The ultimate holding entity is Firstsource Solutions Limited. 4 active director(s) are on record.

Does Firstsource have loans or charges against its assets?

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

Is Firstsource 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 Firstsource?

Its Credit Risk Score is 60/100 (Moderate). 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.