Promoter holding
64.27%
FE
Fsn E-Commerce Ventures Limited - Due diligence report
A 360° intelligence report on Nykaa: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Nykaa — 360° Intelligence Report
Generated from MCA filings & public records90/100
Trust Score
Low Risk
Nykaa is assessed as Low Risk with a Trust Score of 90/100. Nykaa is an active public limited indian non-government company incorporated in 2012, operating in the Consumer Goods 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 low financial risk profile.
Report generated on 18 Jul 2026 from the latest processed filings. Fsn E-Commerce Ventures Limited snapshot & full profile →
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 & explainableTrust ScoreLow Risk
90/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (BB).
Charges position: 3 open (178.00 cr) · 5 satisfied (70.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 82/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 auditor resignation(s) filed - latest: V.C. Shah & Co on 2022-06-28.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 5 active GST registration(s).
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ADWAITA SANJAY NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANCHIT SANJAY NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FALGUNI SANJAY NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIND SHRIPAD SARWATE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SESHASHAYEE SAMPATHIYENGAR SRIDHARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FALGUNI SANJAY NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANITA RAMACHANDRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTOSH DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Padmanabhan Ganesh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP PARAMESWARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY OMPRAKASH NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILAN BHAGWANDAS KHAKHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Dipak Gupta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chetan Sharma | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 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 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
7
Capital events
142 allotment(s) · 5 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Fsn Global Fze | Subsidiary Company | 74.00% |
| Iluminar Media Limited | Subsidiary Company | 74.00% |
| Fsn Brands Marketing Private Limited | Subsidiary Company | 74.00% |
| Fsn International Limited | Subsidiary Company | 74.00% |
| Nykaa E- Retail Limited | Subsidiary Company | 74.00% |
| Fsn Distribution Limited | Subsidiary Company | 74.00% |
| Nykaa International Uk Limited | Subsidiary Company | 74.00% |
| Nykaa Fashion Limited | Subsidiary Company | 74.00% |
| Nykaa Foundation | Subsidiary Company | 74.00% |
| Nudge Wellness Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: FALGUNI SANJAY NAYAR (CEO) · FALGUNI SANJAY NAYAR (CEO) · Padmanabhan Ganesh (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 46.28 Lakh.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment85/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 178.00 cr already registered.
- Compliance record supports lending.
Investor view94/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events22 Dec 2025
Director appointed
Chetan Sharma (Company Secretary)
01 Oct 2025
Director appointed
Dipak Gupta (Additional Director)
25 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Jul 2024
Director appointed
SANTOSH DESAI (Director)
18 Mar 2024
Charge satisfied
Hdfc Bank Limited
07 Feb 2024
Director ceased
SUJEET ROOPCHAND JAIN
13 Feb 2023
Director ceased
RAJENDRA NILKANTH PUNDE
03 Feb 2023
Director appointed
Padmanabhan Ganesh (CFO)
19 Dec 2022
Securities allotted
70500 Equity Shares - 69.80 Lakh raised
25 Nov 2022
Director ceased
ARVIND GOVIND AGARWAL
30 Oct 2022
Securities allotted
20595 Equity Shares - 1.22 cr raised
Securities allotted
34950 Equity Shares - 1.25 cr raised
Securities allotted
63550 Equity Shares - 1.28 cr raised
Securities allotted
16600 Equity Shares - 21.37 Lakh raised
10
Key Observations
Auto-generated from the data aboveRevenue 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% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
14 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BB from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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 142 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Tanfac | L24117TN1972PLC006271 | Cuddalore 607005, Tamil Nadu, India |
| Vbshilpa | L85110KA1987PLC008739 | Raichur, Karnataka, India |
| Bajaj Health | L99999MH1993PLC072892 | Thane West, Maharashtra, India |
| Punjab Alkalies & Chemicals Lt | L24119CH1975PLC003607 | Chandigarh, Chandigarh, India |
| Nikhil Adhesive | L51900MH1986PLC041062 | Mumbai, Maharashtra, India |
| Kothari Petrochemicals | L11101TN1989PLC017347 | Tamilnadu, Tamil Nadu, India |
| Global Calcium | U02429TZ1979PTC009946 | Hosur, Tamil Nadu, India |
| Indogulf Cropsciences | L74899DL1993PLC051854 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Nykaa before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Nykaa: 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 80/100, 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 Nykaa - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Nykaa 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 Nykaa - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Nykaa an active company?
Nykaa has MCA status “Active” with a compliance score of 82/100 (Low Risk).
Is Nykaa financially healthy?
Nykaa has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Nykaa?
Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Nykaa?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Nykaa have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Nykaa up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).
Is it risky to lend to Nykaa?
Its Credit Risk Score is 80/100 (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.
