Promoter holding
64.27%
IL
Icra Limited - Due diligence report
A 360° intelligence report on Icra: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Icra — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Icra is assessed as Moderate with a Trust Score of 70/100. Icra is an active public limited indian non-government company incorporated in 1991, operating in the Financial Services 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 high compliance risk and low financial risk profile.
Report generated on 24 Jul 2026 from the latest processed filings. Icra 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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
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
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 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: 75/100 Low Risk
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, SEBI.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (21 disclosure(s)).
- 8 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VENKATESH SHEKARIPURAM VISWANATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANURANJITA KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkatesh Viswanathan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| WENDY HUAY HUAY CHEONG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMNATH KRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMNATH KRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADIP MANILAL KANAKIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| S Shakeb Rahman | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIVANI PRIYA MOHINI KAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| STEPHEN ARTHUR LONG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Brian Joseph Cahill | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALAMADAI SUNDARARAJAN JAYAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkatesh Shekaripuram Viswanathan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- STEPHEN ARTHUR LONG has DIN status "Deactivated".
- 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2024)
| 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 2025 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
3
Group entities
3
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Icra Analytics Limited | Subsidiary Company | 74.00% |
| Icra Lanka Limited | Subsidiary Company | 74.00% |
| Pragati Development Consulting Services Limited | Subsidiary Company | 74.00% |
| D2k Technologies India Private Limited | Subsidiary Company | 74.00% |
| Icra Nepal Limited | Subsidiary Company | 74.00% |
Key managerial personnel: VENKATESH SHEKARIPURAM VISWANATHAN (CFO) · Venkatesh Viswanathan (CFO) · RAMNATH KRISHNAN (CEO) · RAMNATH KRISHNAN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
EPFO headcount growing - hiring signal.
Operating for 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
MSME payment delays disclosed - latest outstanding 69.59 Lakh.
3 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment71/100
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 gaps should be priced into terms.
Investor view83/100
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 events31 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Dec 2024
Director appointed
ANURANJITA KUMAR (Director)
10 Nov 2024
Director ceased
PALAMADAI SUNDARARAJAN JAYAKUMAR
01 Nov 2024
Director appointed
PRADIP MANILAL KANAKIA (Director)
Director appointed
PALAMADAI SUNDARARAJAN JAYAKUMAR (Director)
01 Aug 2024
Director appointed
Brian Joseph Cahill (Director)
30 Aug 2022
Director appointed
VENKATESH SHEKARIPURAM VISWANATHAN (CFO)
Director appointed
Venkatesh Viswanathan (CFO)
Director appointed
Venkatesh Shekaripuram Viswanathan (Cfo)
04 Aug 2022
Director ceased
STEPHEN ARTHUR LONG
13 May 2022
Director appointed
STEPHEN ARTHUR LONG (Director)
Director ceased
MIN YE
26 Mar 2022
Director appointed
RAMNATH KRISHNAN (Managing Director)
Director ceased
RAMNATH KRISHNAN
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
13 active director(s) / partner(s); review board churn before relying on management continuity.
8 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
12 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Kissht | L72900MH2016PLC282573 | Mumbai, Maharashtra, India |
| Monarch Networth Capital Limit | L64990GJ1993PLC120014 | Gandhinagar, Gujarat, India |
| Hindcompo | L29120MH1964PLC012955 | Lower Parel, Maharashtra, India |
| Navratri Share Trading Private Limited | U65929MH2019PTC329930 | Panvel, Maharashtra, India |
| Dhunseri | L15492WB1916PLC002697 | Kolkata, West Bengal, India |
| Tidco | U65993TN1965SGC005327 | Chennai 8, Tamil Nadu, India |
| Lohia Securities | L67120WB1995PLC067195 | Kolkata, West Bengal, India |
| Dolat Algotech Limited | L67100GJ1983PLC126089 | Gandhi Nagar, Gujarat, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Icra before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Icra: 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 75/100, 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 Icra - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Icra 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 Icra - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Icra an active company?
Icra has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Icra financially healthy?
Icra has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Icra?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Icra?
Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Icra have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Icra up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Icra?
Its Credit Risk Score is 75/100 (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.
