Promoter holding
64.27%
HT
Harbinger Techventures Private Limited - Due diligence report
A 360° intelligence report on Harbinger Group: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Harbinger Group — 360° Intelligence Report
Generated from MCA filings & public records63/100
Trust Score
Moderate
Harbinger Group is assessed as Moderate with a Trust Score of 63/100. Harbinger Group is a private limited indian non-government company incorporated in 1993, operating in the Infrastructure and Utilities 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 high compliance risk and low financial risk profile.
Report generated on 10 Aug 2026 from the latest processed filings. Harbinger Techventures Private 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 ScoreModerate
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
22/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
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: 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 (-) · 2 satisfied (94.50 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Small Industries Development Bank Of India | 1 | 48.0 cr |
Compliance Score: 22/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2022 - filings overdue.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VIKAS VASUDEO JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH ISHWAR JAVALAGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANJIRI AMIT JAVADEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SWATI CHINTAMANI KETKAR | 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)
| 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 2022 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
2
Group entities
2
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Harbinger Systems Private Limited | Subsidiary Company | 74.00% |
| Harbinger Interactive Learning Private Limited | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 35
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 33+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Profit declined two years in a row.
Outside liabilities up 2.1x in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (22/100).
MSME payment delays disclosed - latest outstanding 200.00.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence38/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment73/100
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 view67/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 14 events28 Sep 2022
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
16 Mar 2021
Charge satisfied
Others
27 Sep 2019
Director ceased
MANJIRI AMIT JAVADEKAR
08 May 2019
Director appointed
MANJIRI AMIT JAVADEKAR (Director)
23 Feb 2018
Charge created
Others - 64.50 Lakh
01 Apr 2017
Director ceased
VASUDEV DATTATRAYA JOSHI
28 Sep 2016
Director ceased
RAJESH ISHWAR JAVALAGI
08 Feb 2016
Director appointed
RAJESH ISHWAR JAVALAGI (Director)
17 Sep 2009
Charge satisfied
Small Industries Development Bank Of India
02 Jan 2006
Charge created
Small Industries Development Bank Of India - 30.00 Lakh
06 Jul 2000
Director appointed
SWATI CHINTAMANI KETKAR (Director)
01 Mar 2000
Director appointed
VIKAS VASUDEO JOSHI (Director)
09 Jul 1993
Incorporated
Registered with Roc Pune
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 4 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.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
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.
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| Samaritan Exim Private Limited | U63011DL1998PTC094478 | New Delhi, Delhi, India |
| Harmon Associates India Private Limited | U70200KA2007FTC132771 | Bengaluru, Karnataka, India |
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Harbinger Group before audits and certifications: compliance score 22/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Harbinger Group: 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: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Harbinger Group - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Harbinger Group 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 Harbinger Group - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Harbinger Group an active company?
Harbinger Group has MCA status “Amalgamated” with a compliance score of 22/100 (Caution Indicated).
Is Harbinger Group financially healthy?
Harbinger Group has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Harbinger Group?
Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Harbinger Group?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Harbinger Group have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Harbinger Group up to date with its ROC filings?
Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 22/100 (Caution Indicated).
Is it risky to lend to Harbinger Group?
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.
