Handiman Services Limited - Due diligence report

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

1998-02-23 Bangalore, Karnataka Active Unlisted Active Compliant
HS Handiman Services Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Handiman — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Handiman is assessed as Low Risk with a Trust Score of 82/100. Handiman is an active public limited indian non-government company incorporated in 1998, operating in the Business Services sector. 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 17 Jul 2026 from the latest processed filings. Handiman Services Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
58/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (18.11 cr) · 11 satisfied (25.13 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Bank Limited1 48.0 cr
Hdfc Bank Limited4 48.0 cr
Yes Bank Limited2 48.0 cr
Kotak Mahindra Bank Limited4 48.0 cr
Others1 48.0 cr
Lord Krishna Bank Limited1 48.0 cr
Compliance Score: 58/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 1 auditor resignation(s) filed - latest: T.S.DEVADAS & CO on 2017-03-06.
  • 4 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NANI RUSI CHOKSEY 01234567 Director 01/04/2018 6 yrs Approved
JASBIR ASHISH PURAVANKARA 01234567 Director 01/04/2018 6 yrs Approved
PORUS BEHRAM IRANI 01234567 Director 01/04/2018 6 yrs Approved
ASHISH RAVI PURAVANKARA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
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 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
-
Subsidiaries
-
Group entities
-
Capital events
-

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

Key managerial personnel: PORUS BEHRAM IRANI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
Compliance score is weak (58/100).
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
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 assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 18.11 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view82/100
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 15 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Aug 2023
Charge satisfied
Lord Krishna Bank Limited
21 Aug 2023
Charge satisfied
Hdfc Bank Limited
01 Dec 2022
Charge satisfied
Hdfc Bank Limited
30 Sep 2022
Charge created
Idbi Bank Limited - 17.86 cr
11 Aug 2022
Director ceased
PORUS BEHRAM IRANI
25 Mar 2022
Charge created
Hdfc Bank Limited - 7.08 Lakh
25 Jun 2021
Charge satisfied
Others
30 Jul 2020
Charge satisfied
Yes Bank Limited
18 Mar 2020
Charge created
Hdfc Bank Limited - 11.13 cr
30 Dec 2019
Charge created
Hdfc Bank Limited - 18.85 Lakh
26 Jul 2019
Charge satisfied
Axis Bank Limited
22 Feb 2019
Charge created
Hdfc Bank Limited - 12.96 Lakh
09 Mar 2018
Charge satisfied
Kotak Mahindra Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
4 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 2022 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
Aura Fms Private Limited U74110MH2005PTC152609 Mumbai, Maharashtra, India
Trio Security And Intelligence Private Limited U74899DL1990PTC039401 New Delhi, Delhi, India
Vibgyor Facility Management Private Limited U74140DL2010PTC205234 Delhi, Delhi, India
Oynx Management Services Private Limited U74910UP2003PTC027908 Uttar Pradesh, Uttar Pradesh, India
Dlf U70102HR2007PTC101813 Gurugram, Haryana, India
Shapoorji U23941GJ2008PTC054061 Kodinar, Gujarat, India
Kalsi Buildcon U70101JH2000PTC009208 Ranchi, Jharkhand, India
Vimal Outsourcing Solutions Private Limited U74910TN2005PTC057951 Thiruninravur, Tamil Nadu, India
12

Who Uses This Report

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

Verify Handiman before audits and certifications: compliance score 58/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Handiman: 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 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 70/100, margin trends, ownership structure and peer set for Handiman - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Handiman pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Handiman - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Handiman an active company?

Handiman has MCA status “Active” with a compliance score of 58/100 (Moderate).

Is Handiman financially healthy?

Handiman has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Handiman?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Handiman?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Handiman have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 11 earlier charge(s) stand satisfied.

Is Handiman up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 58/100 (Moderate).

Is it risky to lend to Handiman?

Its Credit Risk Score is 55/100 (Moderate). 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.