Promoter holding
64.27%
FC
Fusion Cx Limited - Due diligence report
A 360° intelligence report on Xplore Tech Services: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Xplore Tech Services — 360° Intelligence Report
Generated from MCA filings & public records77/100
Trust Score
Low Risk
Xplore Tech Services is assessed as Low Risk with a Trust Score of 77/100. Xplore Tech Services is an active public limited indian non-government company incorporated in 2004, operating in the Information Technology 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 16 Aug 2026 from the latest processed filings. Fusion Cx 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
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
83/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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 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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (BBB+).
Charges position: 4 open (208.87 cr) · 19 satisfied (182.12 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 4 | 48.0 cr |
| Others | 7 | 48.0 cr |
| Export-Import Bank Of India | 1 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Bank Of India | 5 | 48.0 cr |
Compliance Score: 83/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: SURANA NAVEEN VIKASH & CO on 2017-03-16.
- 10 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY BANKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KASHI PRASAD KHANDELWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAAGARIKA GHOSHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHORE SARAOGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKAJ DHANUKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Amit Soni | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pankaj Dhanuka | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ritesh Chakraborty | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Michael Daniel Lamm | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bradley Tyler Call | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Amit Soni | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Barun Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- SANJAY BANKA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 11 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| 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 2023 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
P N S Business Private Limited
Subsidiaries
1
Group entities
1
Capital events
0 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Competent Synergies Private Limited | Subsidiary Company | 74.00% |
| Fusion Bpo Services Ltd | Subsidiary Company | 74.00% |
| O'currance Inc. | Subsidiary Company | 74.00% |
| P N S Business Private Limited | Holding Company | 74.00% |
Key managerial personnel: KISHORE SARAOGI (Managing Director) · PANKAJ DHANUKA (CEO) · Amit Soni (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Operating for 22+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
10 director exits within 2 years.
4 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 208.87 cr already registered.
- Compliance record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events27 Sep 2025
Last AGM held
Annual general meeting
08 May 2025
Director appointed
Ritesh Chakraborty (Director)
Director appointed
Bradley Tyler Call (Director)
Director ceased
Michael Daniel Lamm
25 Apr 2025
Director ceased
Ritesh Chakraborty
22 Apr 2025
Director ceased
Bradley Tyler Call
19 Apr 2025
Director appointed
Pankaj Dhanuka (Ceo)
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Mar 2025
Director appointed
PANKAJ DHANUKA (CEO)
27 Mar 2025
Director ceased
KISHORE SARAOGI
Director ceased
PANKAJ DHANUKA
01 Mar 2025
Director appointed
Michael Daniel Lamm (Director)
14 Feb 2025
Charge satisfied
Indian Overseas Bank
31 Jan 2025
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
15 Jan 2025
Director ceased
NEETA DHANUKA
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); review board churn before relying on management continuity.
10 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB+ from Crisil.
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.
| Company | CIN | Location |
|---|---|---|
| Competent Synergies | U74999WB1995PTC259258 | 24 Parganas, West Bengal, India |
| Teleperformance Business Services India Private Limited | U72900MH2005PTC157255 | Mumbai, Maharashtra, India |
| Ksf-9 Corporate Services Private Limited | U74140KA2015PTC079880 | Mallathalli, Karnataka, India |
| Molex India Business Services Private Limited | U74900KA2012FTC066364 | Bangalore, Karnataka, India |
| Cyberabad Convention Centre Private Limited | U55109TG2003PTC041544 | Hyderabad, Telangana, India |
| Rain | L26942TG1974PLC001693 | Hyderabad, Telangana, India |
| Majorel India Private Limited | U72900MH2000PTC437799 | Goregaon West, Maharashtra, India |
| Situsamc | U72300TN2006PTC059240 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Xplore Tech Services before audits and certifications: compliance score 83/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Xplore Tech Services: 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 55/100, 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 Xplore Tech Services - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Xplore Tech Services 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 Xplore Tech Services - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Xplore Tech Services an active company?
Xplore Tech Services has MCA status “Active” with a compliance score of 83/100 (Low Risk).
Is Xplore Tech Services financially healthy?
Xplore Tech Services has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Xplore Tech Services?
Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Xplore Tech Services?
The ultimate holding entity is P N S Business Private Limited. 12 active director(s) are on record.
Does Xplore Tech Services have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 19 earlier charge(s) stand satisfied.
Is Xplore Tech Services up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 83/100 (Low Risk).
Is it risky to lend to Xplore Tech Services?
Its Credit Risk Score is 55/100 (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.
