Idhasoft Limited - Due diligence report

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

2006-12-21 Mumbai, Maharashtra Under Liquidation Unlisted Active Non-Compliant
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IL Idhasoft Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Idhasoft — 360° Intelligence Report

Generated from MCA filings & public records
38/100
Trust Score
Caution Indicated

Idhasoft is assessed as Caution Indicated with a Trust Score of 38/100. Idhasoft is a public limited indian non-government company incorporated in 2006, operating in the Information Technology 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 high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Idhasoft Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

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 ScoreCaution Indicated
38/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
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 ScoreCaution Indicated
25/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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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: 20/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).

Charges position: 3 open (49.80 cr) · 3 satisfied (88.28 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited2 48.0 cr
3I Infotech Trusteeship Services Limited1 48.0 cr
Srei Equipment Finance Private Limited3 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2015 - filings overdue.
  • Flagged by authority: BANKS, NCLT, DRT.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AJAY MARUTI ZORE 01234567 Director 01/04/2018 6 yrs Approved
BHAGWAN AMICHAND SINGH 01234567 Director 01/04/2018 6 yrs Approved
TUSHAR SUBODH SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 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
19 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Apposite Solutions Inc Subsidiary Company 74.00%
Codesoft International Inc Subsidiary Company 74.00%
Idhasoft Inc, Delaware Subsidiary Company 74.00%
Idhasoft Inc. Canada Subsidiary Company 74.00%
Prodlink Solutions Inc Subsidiary Company 74.00%
Roundbox Media S.a Subsidiary Company 74.00%
Semafor Technologies Llc Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 25
Growth signals & trust indicators
Operating for 19+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
3 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence21/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment16/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 49.80 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view32/100
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 events
19 Oct 2018
Director appointed
TUSHAR SUBODH SHAH (Additional Director)
Director ceased
AKHANDA PRATAP SINGH
30 Sep 2015
Last AGM held
Annual general meeting
09 Sep 2015
Director ceased
PARAS BHASKARRAI MEHTA
Director ceased
RAHUL DILIP SHAH
Director ceased
BHUSHAN PRAKASHBHAI MEHTA
08 Sep 2015
Director appointed
AJAY MARUTI ZORE (Additional Director)
Director appointed
BHAGWAN AMICHAND SINGH (Additional Director)
22 Jun 2015
Director ceased
SATRAJIT SIVA BHATTACHARYA
18 Jun 2015
Director ceased
ALOK UDAI PATHAK
31 Mar 2015
Latest balance sheet
Filed with ROC
30 Mar 2015
Director ceased
SAURABH BANKIMCHANDRA DANI
Director ceased
MURALI ANANTHARAMAN
27 Mar 2015
Director ceased
THOMAS NOEL KELLY
12 Nov 2014
Director ceased
RAMESH MAHADEVAN SUBRAMANIAM
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 3 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.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority stake as per the FY 2015 annual return.
Capital has been raised through 19 security allotment(s) - amounts available in the full report.
50 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sasken Communication Technologies U64202KA2004PLC034773 Bangalore 560 071, Karnataka, India
Dmas Asdvertising And Communications Private Limited U74300DL2005PTC140394 New Delhi, Delhi, India
Buddies Infotech Private Limited U72200TN2003PTC050776 Chennai, Tamil Nadu, India
Ins E-Solutions Limited (Part Ix) U74899DL2000PLC105202 New Delhi, Delhi, India
Nax U51900MH1992PTC068988 Mumbai, Maharashtra, India
Askme U72200DL2005PTC140917 New Delhi, Delhi, India
Trelleborg U29130KA1997PTC022248 Bangalore, Karnataka, India
Neoteric Infomatique U30007MH1997PLC106787 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Idhasoft before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Idhasoft: 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: Enhanced diligence advised. Credit risk score 20/100, 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 Idhasoft - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 38/100, distress signals and MSME payment-delay disclosures - know whether Idhasoft pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Idhasoft - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Idhasoft an active company?

Idhasoft has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Idhasoft financially healthy?

Idhasoft has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Idhasoft?

Its overall Trust Score is 38/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Idhasoft?

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

Does Idhasoft have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Idhasoft up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Idhasoft?

Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.