Promoter holding
64.27%
II
Indev Infra Private Limited - Due diligence report
A 360° intelligence report on Indev Group: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Indev Group — 360° Intelligence Report
Generated from MCA filings & public records83/100
Trust Score
Low Risk
Indev Group is assessed as Low Risk with a Trust Score of 83/100. Indev Group is an active private limited indian non-government company incorporated in 1997, operating in the Transport and Logistics 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 moderate compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Indev Infra Private 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
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
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
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 26 open (232.52 cr) · 61 satisfied (272.08 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 51 | 48.0 cr |
| Axis Bank Limited | 15 | 48.0 cr |
| Standard Chartered Bank | 4 | 48.0 cr |
| St Helen'S Nominees India Private Limited | 2 | 48.0 cr |
| Citi Bank N.A And Axis Bank Limited | 1 | 48.0 cr |
| Citibank N.A. | 1 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 5 court forum(s).
- 3 auditor resignation(s) filed - latest: B S R & Co. LLP on 2023-06-09.
- Delayed payments to MSME suppliers disclosed (3069 disclosure(s)).
- 18 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SIEW LOONG WONG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| XAVIER BRITTO SWAMIKANNU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIMALARANI BRITTO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHI WAI CHENG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MITCHELL ANTONIO BRITTO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vicky Ping Chuen Cheung | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 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
1
Group entities
1
Capital events
6 allotment(s) · 2 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Wisdom Global Freight Solutions Private Limited | Subsidiary Company | 74.00% |
| Indevmalship Services (p) Ltd | Associate Company | 74.00% |
Key managerial personnel: XAVIER BRITTO SWAMIKANNU (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
26 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 12.64 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 26 open charge(s) of 232.52 cr already registered.
- Compliance gaps should be priced into terms.
Investor view90/100
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 events08 Dec 2025
Charge created
Hdfc Bank Limited - 27.53 Lakh
13 Nov 2025
Charge created
Hdfc Bank Limited - 32.26 Lakh
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
SIEW LOONG WONG
13 May 2025
Director appointed
SIEW LOONG WONG (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Mar 2025
Charge created
Hdfc Bank Limited - 23.83 Lakh
06 Mar 2025
Charge satisfied
Hdfc Bank Limited
28 Feb 2025
Charge satisfied
Hdfc Bank Limited
20 Nov 2024
Charge satisfied
Axis Bank Limited
16 Nov 2024
Charge satisfied
Hdfc Bank Limited
07 Nov 2024
Charge satisfied
Hdfc Bank Limited
05 Nov 2024
Charge satisfied
Hdfc Bank Limited
29 Sep 2024
Director ceased
Vicky Ping Chuen Cheung
20 Aug 2024
Charge created
Hdfc Bank Limited - 23.99 Lakh
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Crisil.
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 6 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Transystem Logistics International Private Limited | U63023KA1999PTC024769 | Bangalore, Karnataka, India |
| Jsw Infrastructure | L45200MH2006PLC161268 | Mumbai, Maharashtra, India |
| Tci Express | L62200TG2008PLC061781 | Secunderabad, Telangana, India |
| Amns Ports Hazira Limited | U13100GJ2004PLC043477 | Hazira, Gujarat, India |
| Tvslsl | L63011TN2004PLC054655 | Madurai, Tamil Nadu, India |
| Adani Logistics Limited | U63090GJ2005PLC046419 | Ahmedabad, Gujarat, India |
| Balmer Lawrie & Company | L15492WB1924GOI004835 | Kolkata, West Bengal, India |
| Udaan | U74999KA2017PTC106742 | Bangalore South, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indev Group before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indev Group: 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 80/100, 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 Indev Group - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Indev Group pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Indev Group - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indev Group an active company?
Indev Group has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Indev Group financially healthy?
Indev Group has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Indev Group?
Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indev Group?
Promoters hold a majority stake - exact percentages are in the full report. 6 active director(s) are on record.
Does Indev Group have loans or charges against its assets?
26 open charge(s) are registered against its assets, and 61 earlier charge(s) stand satisfied.
Is Indev Group up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Indev Group?
Its Credit Risk Score is 80/100 (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.
