Icra Analytics Limited - Due diligence report

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

1999-01-22 Kolkata, West Bengal Active Unlisted Active Compliant
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IA Icra Analytics Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Icraonline — 360° Intelligence Report

Generated from MCA filings & public records
91/100
Trust Score
Low Risk

Icraonline is assessed as Low Risk with a Trust Score of 91/100. Icraonline is an active public limited indian non-government company incorporated in 1999, operating in the Business Outsourcing 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. Icra Analytics 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
91/100
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
90/100
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
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 2 satisfied (21.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Housing Development Finance Corporation Limited2 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 5 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
SHUBHAM JAIN 01234567 Director 01/04/2018 6 yrs Approved
JAYANTA CHATTERJEE 01234567 Director 01/04/2018 6 yrs Approved
JAYANTA CHATTERJEE 01234567 Director 01/04/2018 6 yrs Approved
ALOK KUMAR 01234567 Director 01/04/2018 6 yrs Approved
PRADIP MANILAL KANAKIA 01234567 Director 01/04/2018 6 yrs Approved
VINAY GUPTA 01234567 Director 01/04/2018 6 yrs Approved
Abhishek Subhash Dafria 01234567 Director 01/04/2018 6 yrs Approved
Divya Srivastava 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 8 director exits in 3 years - high churn.
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
Icra Limited
Subsidiaries
1
Group entities
1
Capital events
1 allotment(s) · 7 transfer(s)

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

Group entityRelationship% held
Pragati Development Consulting Services Limited Subsidiary Company 74.00%
Icra Limited Holding Company 74.00%

Key managerial personnel: JAYANTA CHATTERJEE (CEO) · JAYANTA CHATTERJEE (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence91/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment92/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
11 Jan 2026
Director ceased
ALOK KUMAR
25 Oct 2025
Director appointed
ALOK KUMAR (Director)
25 Jul 2025
Last AGM held
Annual general meeting
24 Jul 2025
Director ceased
PRADIP MANILAL KANAKIA
Director ceased
Abhishek Subhash Dafria
12 May 2025
Director appointed
Abhishek Subhash Dafria (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Nov 2024
Director appointed
Divya Srivastava (Company Secretary)
11 Nov 2024
Director appointed
PRADIP MANILAL KANAKIA (Director)
15 Oct 2024
Director ceased
VINAY GUPTA
01 Jun 2024
Director ceased
DURGESH JAISWAL
14 Sep 2023
Director appointed
JAYANTA CHATTERJEE (CEO)
Director ceased
JAYANTA CHATTERJEE
24 Jul 2023
Director appointed
SHUBHAM JAIN (Director)
23 Jul 2023
Director ceased
VENKATESH SHEKARIPURAM VISWANATHAN
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Indiadotcom Digital Private Limited U93000UP2020PTC137165 Noida, Uttar Pradesh, India
Wlt Group U72100TN2004PTC062866 Chennai, Tamil Nadu, India
Synaptics India Private Limited U74900KA2008PTC142055 Bengaluru, Karnataka, India
Teleperformance Business Services India Private Limited U72900MH2005PTC157255 Mumbai, Maharashtra, India
Hapag-Lloyd Global Services Private Limited U35111MH2003PTC140166 Thane, Maharashtra, India
Machbizz Marketers Private Limited U72900PN2014PTC152484 Pune, Maharashtra, India
Equinix U72900MH2019FTC355906 Mumbai, Maharashtra, India
Patra India Bpo Services Private Limited U72200AP2007PTC052623 Visakhapatnam, Andhra Pradesh, India
12

Who Uses This Report

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

Verify Icraonline 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 Icraonline: 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: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Icraonline - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether Icraonline 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 Icraonline - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Icraonline an active company?

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

Is Icraonline financially healthy?

Icraonline has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Icraonline?

Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Icraonline?

The ultimate holding entity is Icra Limited. 8 active director(s) are on record.

Does Icraonline have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Icraonline 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 Icraonline?

Its Credit Risk Score is 90/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.