Fiscalnote - Due diligence report

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

2019-01-28 Gurgaon, Haryana Active Unlisted
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Fiscalnote — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Fiscalnote is assessed as Low Risk with a Trust Score of 80/100. Fiscalnote is an active private limited foreign company incorporated in india incorporated in 2019, 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 moderate compliance risk and low financial risk profile.

Report generated on 06 Oct 2026 from the latest processed filings. Fiscalnote India Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

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: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
GERALD YAO 01234567 Director 01/04/2018 6 yrs Approved
TIMOTHY TAEIL HWANG 01234567 Director 01/04/2018 6 yrs Approved
AANCHAL SUDHAKAR 01234567 Director 01/04/2018 6 yrs Approved
Joshua William Resnik 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.
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
Fiscalnote Holding Inc.
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Fiscalnote Holding Inc. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 80
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment83/100
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 gaps should be priced into terms.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 11 events
29 Sep 2025
Director ceased
Joshua William Resnik
20 May 2025
Director appointed
Joshua William Resnik (Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
30 Sep 2021
Director ceased
GERALD YAO
Director ceased
TIMOTHY TAEIL HWANG
16 Apr 2021
Director ceased
RICHARD S KIM
15 Apr 2021
Director appointed
GERALD YAO (Director)
Director appointed
TIMOTHY TAEIL HWANG (Director)
28 Jan 2019
Incorporated
Registered with Roc Delhi
Director appointed
AANCHAL SUDHAKAR (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 3 financial year(s).
Net profit margin moved from 0.86 to 61%.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Greenkashi Bio Energy Private Limited U24233UP2013PTC059621 Chunar, Uttar Pradesh, India
Stars Design Group Apparels Private Limited U18101KA2016PTC108840 Bengaluru, Karnataka, India
Perennial Hydrotech Private Limited U74999PN2020PTC192758 Pune, Maharashtra, India
Southern India Chamber Of Commerce & Industry U74999TN1910NPL002343 Madras, Tamil Nadu, India
Yonex Engineering Services Pvt Ltd U51505WB1995PTC067925 Kolkata, West Bengal, India
Unity Logistics And Shipping (India) Private Limited U74120MH2016PTC272563 Mumbai, Maharashtra, India
Unltd India U93000MH2009NPL193471 Mumbai, Maharashtra, India
Kgkor Steel India Private Limited U74140HR2011FTC053201 Gurgaon, Haryana, India
12

Who Uses This Report

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

Verify Fiscalnote before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Fiscalnote: 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 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 60/100, margin trends, ownership structure and peer set for Fiscalnote - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Fiscalnote 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 Fiscalnote - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Fiscalnote an active company?

Fiscalnote has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Fiscalnote financially healthy?

Fiscalnote has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Fiscalnote?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Fiscalnote?

The ultimate holding entity is Fiscalnote Holding Inc.. 4 active director(s) are on record.

Does Fiscalnote have loans or charges against its assets?

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

Is Fiscalnote up to date with its ROC filings?

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Fiscalnote?

Its Credit Risk Score is 90/100 (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.