Promoter holding
64.27%
HN
Honesty Net Solutions (India) Private Limited - Due diligence report
A 360° intelligence report on Honesty Net Solutions (India) Private Limited: trust score, financial health, credit view, compliance, directo…
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Honesty Net Solutions (India) Private Limited — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Honesty Net Solutions (India) Private Limited is assessed as Moderate with a Trust Score of 65/100. Honesty Net Solutions (India) Private Limited is an active private limited indian non-government company incorporated in 2002, operating in the Telecom 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 moderate compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Honesty Net Solutions (India) 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
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
63/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
Charges position: 0 open (-) · 10 satisfied (15.53 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Punjab And Maharashtra Co-Op. Bank Ltd. | 6 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Punjab And Maharashtra Co-Op Bank Ltd | 1 | 48.0 cr |
| Punjab & Maharashtra Co-Operative Bank Ltd. | 1 | 48.0 cr |
| Punjab & Maharashtra Co-Op. Bank Ltd. | 1 | 48.0 cr |
Compliance Score: 63/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO.
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SURESH VASUDEO THAKUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA DATTATRAY GHADIGAONKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 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 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 23+ 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.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
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 assessment45/100
Mixed indicators - deeper appraisal suggested
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 view43/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Jun 2022
Charge satisfied
Hdfc Bank Limited
11 May 2017
Charge satisfied
Punjab And Maharashtra Co-Op. Bank Ltd.
29 Apr 2017
Charge created
Hdfc Bank Limited - 3.00 cr
01 Aug 2015
Director ceased
RIPUNJAY BARARIA
Director ceased
BHARAT BHUSHAN MITHAL
Director ceased
ASHOK DAMODAR BIYANI
29 Jul 2015
Charge satisfied
Punjab And Maharashtra Co-Op. Bank Ltd.
Charge satisfied
Punjab & Maharashtra Co-Operative Bank Ltd.
Charge satisfied
Punjab And Maharashtra Co-Op Bank Ltd
Charge satisfied
Punjab & Maharashtra Co-Op. Bank Ltd.
20 Dec 2014
Charge created
Punjab And Maharashtra Co-Op. Bank Ltd. - 1.70 cr
11 Mar 2013
Securities allotted
153660.00 Equity Shares - 1.54 cr raised
Director ceased
NANDAKUMAR DATTATRAY GHADIGAONKAR
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 10 registered charge(s) stand satisfied - past borrowings repaid.
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 1 security allotment(s) - amounts available in the full report.
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| Uniwire Cables India Private Limited | U18101RJ1988PTC004252 | Bhiwadi, Rajasthan, India |
| Awaaz.De | U72200GJ2012PTC070265 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Honesty Net Solutions (India) Private Limited before audits and certifications: compliance score 63/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Honesty Net Solutions (India) Private Limited: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Honesty Net Solutions (India) Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Honesty Net Solutions (India) Private Limited 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 Honesty Net Solutions (India) Private Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Honesty Net Solutions (India) Private Limited an active company?
Honesty Net Solutions (India) Private Limited has MCA status “Active” with a compliance score of 63/100 (Moderate).
Is Honesty Net Solutions (India) Private Limited financially healthy?
Honesty Net Solutions (India) Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Honesty Net Solutions (India) Private Limited?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Honesty Net Solutions (India) Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.
Does Honesty Net Solutions (India) Private Limited have loans or charges against its assets?
No open charges - all 10 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Honesty Net Solutions (India) Private Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 63/100 (Moderate).
Is it risky to lend to Honesty Net Solutions (India) Private Limited?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
