Honeybee Tech Solutions Private Limited - Due diligence report

A 360° intelligence report on Xangars Solutions: trust score, financial health, credit view, compliance, directors, growth and distress sign…

2009-04-20 Mumbai, Maharashtra Active Unlisted Active Compliant
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Xangars Solutions — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Xangars Solutions is assessed as Low Risk with a Trust Score of 83/100. Xangars Solutions is an active private limited indian non-government company incorporated in 2009, operating in the Information Technology sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 03 Aug 2026 from the latest processed filings. Honeybee Tech Solutions Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 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: 45/100 Caution Indicated
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 4 open (11.95 cr) · 2 satisfied (2.30 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
The Bharat Co-Operative Bank(Mumbai) Ltd2 48.0 cr
Yes Bank Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
ADITYA SITARAM JOSHI 01234567 Director 01/04/2018 6 yrs Approved
NAVAL KAMALKISHOR MANIYAR 01234567 Director 01/04/2018 6 yrs Approved
SWATI SHARMA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • ADITYA SITARAM JOSHI has DIN status "Disqualified by RoC u/s 164(2)".
  • 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 4 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 65 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 17+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • 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.
  • 4 open charge(s) of 11.95 cr already registered.
  • Compliance record supports lending.
Investor view73/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
11 Dec 2025
Director appointed
ADITYA SITARAM JOSHI (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
24 May 2024
Charge created
The Bharat Co-Operative Bank(Mumbai) Ltd - 1.00 cr
29 Sep 2023
Director ceased
NAVAL KAMALKISHOR MANIYAR
09 Aug 2023
Director ceased
RANGASWAMY RAMACHANDRAN
07 Aug 2023
Charge satisfied
Others
15 Nov 2022
Director ceased
DHRUV SHAH
11 Nov 2022
Director appointed
NAVAL KAMALKISHOR MANIYAR (Director)
31 Mar 2021
Share transfer (FY 2021)
10.00000000 shares to Dhruv Shah
01 Aug 2020
Director ceased
SUCHITRA GURUMURTHY
28 Jan 2020
Director ceased
HARSHVARDHAN RAJENDRA BIRANI
07 Oct 2019
Charge created
Others - 1.50 cr
Charge created
Others - 1.00 cr
24 Jun 2019
Securities allotted
15000 Equity Shares - 1.50 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 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 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ace Softex L62011GJ1994PLC022781 Ahmadabad City, Gujarat, India
Giftechnologies U72900MH2010PTC201850 Nagpur, Maharashtra, India
Infomatics Services Private Limited U74900MH1980PTC022194 Mumbai, Maharashtra, India
Triangulum Embedded Innovative Solutions Private Limited U72900KA2018PTC113239 Bangalore North, Karnataka, India
Gsti Technologies India U72300KA2004PTC034844 Banglaore, Karnataka, India
Honnex Software Solutions Private Limited U72900TG2012PTC081341 Madhapur, Telangana, India
Diksha Windsor Computers Private Limited. U64990DL2006PTC271618 New Delhi, Delhi, India
Vadatech India Private Limited U72200KA2014FTC076990 Bengaluru, Karnataka, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Xangars Solutions: 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: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Xangars Solutions - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Xangars Solutions 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 Xangars Solutions - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Xangars Solutions an active company?

Xangars Solutions has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Xangars Solutions financially healthy?

Xangars Solutions has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Xangars Solutions?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Xangars Solutions?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Xangars Solutions have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Xangars Solutions up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Xangars Solutions?

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.