Icad Technologies Private Limited - Due diligence report

A 360° intelligence report on Icad Technologies Private Limited: trust score, financial health, credit view, compliance, directors, growth a…

2021-04-30 Nagpur, Maharashtra Active Unlisted
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IT Icad Technologies Private Limited
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Icad Technologies Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

Icad Technologies Private Limited is assessed as Low Risk with a Trust Score of 78/100. Icad Technologies Private Limited is an active private limited indian non-government company incorporated in 2021, operating in the Education sector. The company has shown revenue growth across its recent filed years. 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 17 Jul 2026 from the latest processed filings. Icad Technologies 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
78/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (15.90 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc 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: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
SARANG PRAKASH UPGANLAWR 01234567 Director 01/04/2018 6 yrs Approved
PRIYADARSHANI SARANG UPGANLAWAR 01234567 Director 01/04/2018 6 yrs Approved
PRAKASH SHRIHARI UPGANLAWAR 01234567 Director 01/04/2018 6 yrs Approved
Anish Sarang Upganlawar 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • PRIYADARSHANI SARANG UPGANLAWAR has DIN status "Disqualified by RoC u/s 164(2)".
  • 4 director exits in 3 years - high churn.
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
Icad School Of Learning Private Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 3 transfer(s)

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

Group entityRelationship% held
Icad School Of Learning Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 1 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
4 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment65/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 15.90 cr already registered.
  • Compliance record supports lending.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
10 Dec 2025
Director ceased
JYOTI PRAKASH UPGANLAWAR
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
SARANG PRAKASH UPGANLAWR
Director ceased
PRIYADARSHANI SARANG UPGANLAWAR
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Feb 2025
Director appointed
SARANG PRAKASH UPGANLAWR (Director)
Director appointed
PRIYADARSHANI SARANG UPGANLAWAR (Director)
07 Oct 2024
Charge created
Hdfc Bank Limited - 15.90 cr
29 Sep 2024
Director ceased
Anish Sarang Upganlawar
17 Jul 2024
Director appointed
Anish Sarang Upganlawar (Director)
31 Dec 2022
Director ceased
SARIKA RAJESH BONDGULWAR
31 Mar 2022
Share transfer (FY 2022)
5000.00000000 shares to ICAD SCHOOL OF LEARNING PRIVATE LIMITED
Share transfer (FY 2022)
1.00000000 shares to PRAKASH SHRIHARI UPGANLAWAR
30 Apr 2021
Incorporated
Registered with Roc Nagpur
Director appointed
PRAKASH SHRIHARI UPGANLAWAR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 1 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.
Compliance record is strong - status, filings and flags are clean.
4 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Prudential Infotech Ltd U72200WB1994PLC063929 Kolkata, West Bengal, India
Safejob U80901WB2013PTC196013 Kolkata, West Bengal, India
Garud Zep Academy Private Limited U80903MH2020PTC342294 Aurangabad, Maharashtra, India
Sahithi Systems U72200TG2001PTC038293 Hyderabad, Telangana, India
Uptec U72200UP1993PLC015210 Lucknow, Uttar Pradesh, India
Zoom Enterprises Ltd U45203WB1995PLC073116 Kolkata, West Bengal, India
Haryana Knowledge U80904HR2013PLC050331 Panchkula, Haryana, India
Assalama Institute Of Ophthalmology Calicut Limited U85110KL2010PLC025727 Kozhikode, Kerala, India
12

Who Uses This Report

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

Verify Icad Technologies Private Limited 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 Icad Technologies 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Icad Technologies Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Icad Technologies Private Limited 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 Icad Technologies Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Icad Technologies Private Limited an active company?

Icad Technologies Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Icad Technologies Private Limited financially healthy?

Icad Technologies Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Icad Technologies Private Limited?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Icad Technologies Private Limited?

The ultimate holding entity is Icad School Of Learning Private Limited. 4 active director(s) are on record.

Does Icad Technologies Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Icad Technologies Private Limited 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 Icad Technologies Private Limited?

Its Credit Risk Score is 35/100 (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.