Hiveloop Technology Private Limited - Due diligence report

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

2016-06-03 Bangalore South, Karnataka Active Unlisted Active Compliant
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HT Hiveloop Technology Private Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Udaan — 360° Intelligence Report

Generated from MCA filings & public records
66/100
Trust Score
Moderate

Udaan is assessed as Moderate with a Trust Score of 66/100. Udaan is an active private limited indian non-government company incorporated in 2016, operating in the E-Commerce sector. The company has shown revenue growth 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 moderate compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Hiveloop Technology Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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 ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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 access

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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 7 open (207.00 cr) · 17 satisfied (993.32 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others23 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (25 disclosure(s)).
  • 28 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
KRISHNA MENON VISHNU MENON 01234567 Director 01/04/2018 6 yrs Approved
ANKIT GUPTA 01234567 Director 01/04/2018 6 yrs Approved
Bannari Jagathish 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
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 2023 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
Trustroot Internet Private Limited
Subsidiaries
1
Group entities
1
Capital events
55 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Hiveloop Capital Private Limited Subsidiary Company 74.00%
Trustroot Internet Private Limited Holding Company 74.00%

Key managerial personnel: KRISHNA MENON VISHNU MENON (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 19.13 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
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 assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 207.00 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 events
08 Dec 2025
Charge satisfied
Others
13 Oct 2025
Charge satisfied
Others
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Charge satisfied
Others
05 Aug 2025
Director appointed
Bannari Jagathish (Whole-Time Director)
12 May 2025
Charge satisfied
Others
08 Jan 2025
Charge created
Others - 17.00 cr
17 Oct 2024
Charge satisfied
Others
30 Sep 2024
Director appointed
ANKIT GUPTA (Director)
Director ceased
ANKIT GUPTA
30 Aug 2024
Charge created
Others - 35.00 cr
23 Jul 2024
Charge satisfied
Others
18 Jul 2024
Charge created
Others - 25.00 cr
15 May 2024
Charge created
Others - 50.00 cr
19 Apr 2024
Charge created
Others - 50.00 cr
10

Key Observations

Auto-generated from the data above
Revenue 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 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
28 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
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.
Capital has been raised through 55 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Smartmile Global Technologies U64204UP2020PTC135199 Noida, Uttar Pradesh, India
Alps Communication Private Limited U65990HR1997PTC057612 Jind, Haryana, India
Adaniconnex U74999GJ2020PTC113608 Ahmedabad, Gujarat, India
Asianet Communications U74999KL2015PTC039405 Thiruvananthapuram, Kerala, India
National Film Development Corporation U92100MH1975GOI022994 Mumbai, Maharashtra, India
Vanderlande Industries U72400PN2008PTC132732 Pune, Maharashtra, India
Infrasoft Technologies U72900MH1995PLC135094 Mumbai, Maharashtra, India
Gro Digital Platforms Limited U72900TN2021PLC142824 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify Udaan before audits and certifications: compliance score 60/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Udaan: 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Udaan - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Udaan 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 Udaan - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Udaan an active company?

Udaan has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Udaan financially healthy?

Udaan has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Udaan?

Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Udaan?

The ultimate holding entity is Trustroot Internet Private Limited. 3 active director(s) are on record.

Does Udaan have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 17 earlier charge(s) stand satisfied.

Is Udaan up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Udaan?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.