Promoter holding
64.27%
IL
Indegene Limited - Due diligence report
A 360° intelligence report on Indegene: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Indegene — 360° Intelligence Report
Generated from MCA filings & public records88/100
Trust Score
Low Risk
Indegene is assessed as Low Risk with a Trust Score of 88/100. Indegene is an active public limited indian non-government company incorporated in 1998, operating in the Travel and Hospitality 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 29 Jun 2026 from the latest processed filings. Indegene 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 ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 5 open (85.50 cr) · 4 satisfied (25.45 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 2 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Jp Morgan Chase Bank, N.A. | 1 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Indian Bank | 2 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: Pai and Srivastava LLP on 2016-02-04.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRAVIN UDHYAVARA BHADYA RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MARK FRANK DZIALGA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH BHASKARAN NAIR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY S PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEORGIA NIKOLAKOPOULOU PAPATHOMAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAIRAJ MANOHAR PURANDARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNAMURTHY VENUGOPALA TENNETI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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
8
Group entities
8
Capital events
54 allotment(s) · 16 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mjl Communications Group Ltd | Subsidiary Company | 74.00% |
| Indegene Fareast Pte. Ltd. | Subsidiary Company | 74.00% |
| Clear Blue Tank Maintenance, Llc | Subsidiary Company | 74.00% |
| Mjl Advertising Limited | Subsidiary Company | 74.00% |
| Bozga Titie Af | Subsidiary Company | 74.00% |
| Trilogy Writing & Consulting Limited | Subsidiary Company | 74.00% |
| Dt Associates Research And Consulting Services Limited | Subsidiary Company | 74.00% |
| Trilogy Writing & Consulting Gmbh | Subsidiary Company | 74.00% |
Key managerial personnel: MANISH GUPTA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
5 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.00.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence80/100
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 assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 85.50 cr already registered.
- Compliance record supports lending.
Investor view93/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events26 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Sep 2024
Charge created
Jp Morgan Chase Bank, N.A. - 15.00 cr
15 Nov 2023
Charge satisfied
Hdfc Bank Limited
31 Mar 2023
Share transfer (FY 2023)
22160.00000000 shares to Jairaj Manohar Purandare
Share transfer (FY 2023)
600000.00000000 shares to Radhesh Bhaskaran Nair
Share transfer (FY 2023)
325000.00000000 shares to Rakesh Kumar Bhaskaran Nair
Share transfer (FY 2023)
125000.00000000 shares to Latha Nair
Share transfer (FY 2023)
27300.00000000 shares to Chestnut Associates PTC ltd
Share transfer (FY 2023)
27300.00000000 shares to Sycamore Philanthropy Ptc
Share transfer (FY 2023)
2815.00000000 shares to Nair Family Trust
23 Dec 2022
Securities allotted
43 Equity Shares - 86.00 raised
23 Nov 2022
Securities allotted
476 Equity Shares - 23,800.00 raised
07 Nov 2022
Director ceased
GEORGIA NIKOLAKOPOULOU PAPATHOMAS
03 Nov 2022
Securities allotted
198 Equity Shares - 9,900.00 raised
10
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.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 8 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
Capital has been raised through 54 security allotment(s) - amounts available in the full report.
26 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Recko | U72900KA2017PTC102890 | Bangalore South, Karnataka, India |
| Mu-Sigma | U74140KA2005PTC036309 | Bangalore, Karnataka, India |
| Casio India Co. Private Limited | U74899DL1996PTC075725 | Delhi, Delhi, India |
| Microchip Technology | U72200KA2000PTC026229 | Bangalore, Karnataka, India |
| Exxonmobil Services & Technology Private Limited | U74900KA2015FTC080245 | Bangalore, Karnataka, India |
| Iqvia Rds (India) | U74909KA2002PTC107115 | Bangalore, Karnataka, India |
| Vestas | U40101TN1996PTC036871 | Tambaram, Tamil Nadu, India |
| Sterling And Wilson | L74999MH2017PLC292281 | Mumbai, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indegene before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indegene: 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 95/100, 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 Indegene - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Indegene pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Indegene - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Indegene an active company?
Indegene has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Indegene financially healthy?
Indegene has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Indegene?
Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indegene?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Indegene have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Indegene up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Indegene?
Its Credit Risk Score is 95/100 (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.
