Promoter holding
64.27%
HG
Hinduja Global Solutions Limited - Due diligence report
A 360° intelligence report on Hgs: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…
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Hgs — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
Hgs is assessed as Moderate with a Trust Score of 64/100. Hgs is an active public limited indian non-government company incorporated in 1995, operating in the Business Outsourcing sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 16 Aug 2026 from the latest processed filings. Hinduja Global Solutions 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
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 90/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Externally credit-rated (A).
Charges position: 25 open (3,002.90 cr) · 8 satisfied (462.65 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Il & Fs Trust Company Limited | 4 | 48.0 cr |
| Yes Bank Limited | 10 | 48.0 cr |
| Others | 7 | 48.0 cr |
| Standard Chartered Bank | 3 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO, BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (9 disclosure(s)).
- 27 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MUNESH NARINDER KHANNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP KANJIBHAI UDHAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARTHA DE SARKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Srinivas Palakodeti | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VYNSLEY FERNANDES | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUMIKA BATRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARENDRA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Amit Saharia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK PARMANAND HINDUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESH KUMAR NUTALAPATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GANESH NATARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkatesh Korla | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 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
6
Capital events
64 allotment(s) · 2 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Affina Company, Canada | Subsidiary Company | 74.00% |
| Ajanta Sky Darshan Private Limited | Subsidiary Company | 74.00% |
| Apna Lncable Broadband Services Private Limited | Subsidiary Company | 74.00% |
| C-cubed B.v., Netherlands | Subsidiary Company | 74.00% |
| C-cubed N.v., Curacao | Subsidiary Company | 74.00% |
| Customer Contact Centre Inc., Philippines | Subsidiary Company | 74.00% |
| Hgs (usa) Llc, U.s.a. | Subsidiary Company | 74.00% |
| Hgs Canada Holdings Llc, U.s.a. | Subsidiary Company | 74.00% |
| Hgs Canada Inc., Canada | Subsidiary Company | 74.00% |
| Hgs Colombia S.a.s., Colombia | Subsidiary Company | 74.00% |
Key managerial personnel: PARTHA DE SARKAR (Whole-time director) · Srinivas Palakodeti (CFO) · VYNSLEY FERNANDES (Whole-time director) · MAHESH KUMAR NUTALAPATI (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 60
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (42/100).
25 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 1.27 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence54/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 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.
- 25 open charge(s) of 3,002.90 cr already registered.
- Compliance gaps should be priced into terms.
Investor view53/100
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 15 events01 Jul 2026
Charge created
Others - 55.00 cr
21 Apr 2026
Charge created
Others - 100.00 cr
25 Sep 2025
Director appointed
Amit Saharia (Director)
Last AGM held
Annual general meeting
17 Jul 2025
Director appointed
Venkatesh Korla (Ceo)
02 Jul 2025
Charge created
Standard Chartered Bank - 40.00 cr
28 May 2025
Director appointed
MAHESH KUMAR NUTALAPATI (CFO)
Director ceased
SRINIVAS PALAKODETI
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Mar 2025
Charge created
Standard Chartered Bank - 40.00 cr
28 Feb 2025
Charge created
Others - 50.00 cr
07 Jun 2024
Charge satisfied
Yes Bank Limited
20 Dec 2023
Charge created
Yes Bank Limited - 138.10 cr
Charge created
Yes Bank Limited - 20.00 cr
22 Jun 2023
Charge created
Yes Bank Limited - 215.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
27 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 A 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 64 security allotment(s) - amounts available in the full report.
8 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Oaken Gold Bottling Private Limited | U15511ML2002PTC006938 | Byrnihat, Meghalaya, India |
| 1 Point 1 | L74900MH2008PLC182869 | Mumbai, Maharashtra, India |
| Cab Experiences | U74900KA2012PTC065126 | Bangalore, Karnataka, India |
| Allsec | L72300TN1998PLC041033 | Chennai, Tamil Nadu, India |
| Balaji Multiflex Private Limited | U25202GJ2001PTC040276 | Rajkot, Gujarat, India |
| Unisys | U74899KA1994PTC048023 | Sarjapur Road Bangalore East Taluk, Karnataka, India |
| Sagility Limited | L72900KA2021PLC150054 | Bengaluru, Karnataka, India |
| Sutherlandglobal | U72200TN2000PTC045578 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Hgs before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Hgs: 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 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Hgs - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Hgs pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Hgs - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Hgs an active company?
Hgs has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Hgs financially healthy?
Hgs has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.
Should I do business with Hgs?
Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Hgs?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Hgs have loans or charges against its assets?
25 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Hgs up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Hgs?
Its Credit Risk Score is 90/100 (Low Risk). 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.
