Promoter holding
64.27%
IS
Indicus Software Private Limited - Due diligence report
A 360° intelligence report on Indicus Software: trust score, financial health, credit view, compliance, directors, growth and distress signa…
Indicus Software — 360° Intelligence Report
Generated from MCA filings & public records91/100
Trust Score
Low Risk
Indicus Software is assessed as Low Risk with a Trust Score of 91/100. Indicus Software is an active private limited indian non-government company incorporated in 1997, operating in the Information Technology 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 Jun 2026 from the latest processed filings. Indicus Software 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.
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Score Card
Higher is safer · rule-based & explainableTrust 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
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
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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.
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Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 1 open (15.00 Lakh) · 1 satisfied (10.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| The Vishweshwar Sahkari Bank Limited Pune | 1 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 active GST registration(s).
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Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SHRIDHAR JAYANT KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASMITA PANDURANG VYAPARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHILPA PANDURANG VYAPARI | 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.
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 2023 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
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Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: SHILPA PANDURANG VYAPARI (Managing Director)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 75 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Outside liabilities up 2.1x in a year.
1 open charge(s) registered - assets are encumbered.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment89/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 15.00 Lakh already registered.
- Compliance record supports lending.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
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MCA Filings & Events Timeline
Latest 15 events29 Aug 2025
Last AGM held
Annual general meeting
20 Jun 2025
Charge created
Others - 15.00 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
16 Jan 2023
Director appointed
SHRIDHAR JAYANT KULKARNI (Director)
29 Dec 2022
Director ceased
SHRIDHAR JAYANT KULKARNI
30 Sep 2018
Director ceased
ASMITA PANDURANG VYAPARI
25 May 2018
Director appointed
ASMITA PANDURANG VYAPARI (Director)
Director ceased
PANDURANG BHASKAR VYAPARI
31 Dec 2014
Director ceased
SAMEER SURESH JOSHI
26 Sep 2014
Director ceased
SHILPA PANDURANG VYAPARI
01 Jan 2014
Director appointed
SHILPA PANDURANG VYAPARI (Managing Director)
20 Nov 2013
Director ceased
KANWAL KRISHNA KHANNA
24 Jun 2011
Charge satisfied
The Vishweshwar Sahkari Bank Limited Pune
25 Feb 2008
Charge created
The Vishweshwar Sahkari Bank Limited Pune - 10.00 Lakh
15 Dec 1997
Incorporated
Registered with Roc Pune
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Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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.
| Company | CIN | Location |
|---|---|---|
| Velociter Solutions | U72900PN2011PTC138220 | Pune, Maharashtra, India |
| Vereigen Media Private Limited | U72900PN2018PTC177536 | Nagar Road,Wadgaon Sheri, Maharashtra, India |
| Procurve Computer Systems Private Limited | U72300DL2007PTC165262 | New Delhi, Delhi, India |
| Royal Datamatics | U30009DL1996PTC076675 | New Delhi, Delhi, India |
| Mlogica Computech (India) Private Limited | U72200PN2004PTC019863 | Pune, Maharashtra, India |
| Eon Networks Private Limited | U72300HR2007PTC085780 | Gurugram, Haryana, India |
| Mentis Data India Private Limited | U72900TN2019FTC128007 | Chennai, Tamil Nadu, India |
| Trellisoft | U72900KA2016PTC095586 | Bangalore, Karnataka, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indicus Software 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 Indicus Software: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Indicus Software - 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 Indicus Software 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 Indicus Software - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Indicus Software an active company?
Indicus Software has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Indicus Software financially healthy?
Indicus Software has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Indicus Software?
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 Indicus Software?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Indicus Software have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Indicus Software 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 Indicus Software?
Its Credit Risk Score is 85/100 (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.
