Flipspaces - Due diligence report

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

2015-07-08 Mumbai, Maharashtra Active Unlisted Active Compliant
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Flipspaces — 360° Intelligence Report

Generated from MCA filings & public records
75/100
Trust Score
Low Risk

Flipspaces is assessed as Low Risk with a Trust Score of 75/100. Flipspaces is an active private limited indian non-government company incorporated in 2015, operating in the Engineering 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 low compliance risk and moderate financial risk profile.

Report generated on 22 Sep 2026 from the latest processed filings. Flipspaces Technology Labs Private 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
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
76/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
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.

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: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 1 open (25.00 cr) · 5 satisfied (15.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Standard Chartered Bank1 48.0 cr
Others5 48.0 cr
Compliance Score: 76/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: J M Tiwari & Co. on 2018-04-20.
  • 9 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
RIKIN KAPADIA 01234567 Director 01/04/2018 6 yrs Approved
ASHOK ANANTHAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
VIKASH ANAND 01234567 Director 01/04/2018 6 yrs Approved
SUBRAMANIAN VENKETAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
ANKUR MUCHHAL 01234567 Director 01/04/2018 6 yrs Approved
MRINAL VIJAYKUMAR SHARMA 01234567 Director 01/04/2018 6 yrs Approved
KUNAL SHARMA 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • ASHOK ANANTHAKRISHNAN has DIN status "Disqualified by RoC u/s 164(2)".
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2025)
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 2025 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
1
Group entities
1
Capital events
8 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Flipspaces Design Labs, Inc Subsidiary Company 74.00%
Gloob Interior Design Private Limited Subsidiary Company 74.00%

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.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 25.00 cr already registered.
  • Compliance record supports lending.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
24 Feb 2026
Director appointed
RIKIN KAPADIA (Nominee Director)
24 Oct 2025
Director ceased
HITHENDRA KARADATHODI RAMACHANDRAN
30 Sep 2025
Last AGM held
Annual general meeting
16 Sep 2025
Director appointed
SUBRAMANIAN VENKETAKRISHNAN (Nominee Director)
23 May 2025
Director appointed
ASHOK ANANTHAKRISHNAN (Nominee Director)
14 May 2025
Charge satisfied
Others
12 May 2025
Director appointed
ANKUR MUCHHAL (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Feb 2025
Charge satisfied
Others
12 Nov 2024
Charge created
Standard Chartered Bank - 25.00 cr
12 Jun 2023
Charge created
Others - 2.00 cr
21 Nov 2022
Securities allotted
3677 Equity Shares - 8.63 cr raised
06 Oct 2022
Securities allotted
3414 Equity Shares - 8.01 cr raised
10 Jun 2022
Charge created
Others - 4.50 cr
27 Apr 2022
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); review board churn before relying on management continuity.
9 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Spar Geo Infra U45200DL2009PTC186276 Delhi, Delhi, India
Mahindraworldcity U45209RJ2005PLC021207 Jaipur, Rajasthan, India
Ubitech Private Limited U29304HR1983PTC015732 Faridabad, Haryana, India
Rvpr Constructions Private Limited U45203TG2010PTC070742 Serilingampally, Telangana, India
Sgb Brandsafway Private Limited U29253TG2014FTC092744 Serilingampally, Telangana, India
Vvip L45201UP2001PLC136919 Ghaziabad, Uttar Pradesh, India
Kajima India U45204HR2011FTC080949 Gurgaon, Haryana, India
Solon India Private Limited U31100TG2011PTC074802 Hyd, Telangana, India
12

Who Uses This Report

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

Verify Flipspaces before audits and certifications: compliance score 76/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Flipspaces: 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 40/100, 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 Flipspaces - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Flipspaces pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Flipspaces - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Flipspaces an active company?

Flipspaces has MCA status “Active” with a compliance score of 76/100 (Low Risk).

Is Flipspaces financially healthy?

Flipspaces has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Flipspaces?

Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Flipspaces?

Promoters hold a majority stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Flipspaces have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Flipspaces up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 76/100 (Low Risk).

Is it risky to lend to Flipspaces?

Its Credit Risk Score is 40/100 (Caution Indicated). 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.