Promoter holding
64.27%
IM
Inditrade Microfinance Limited - Due diligence report
A 360° intelligence report on Inditrade: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Inditrade — 360° Intelligence Report
Generated from MCA filings & public records60/100
Trust Score
Moderate
Inditrade is assessed as Moderate with a Trust Score of 60/100. Inditrade is an active public limited indian non-government company incorporated in 2016, operating in the Financial Services sector. The company has shown revenue growth 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 moderate compliance risk and high financial risk profile.
Report generated on 26 Jul 2026 from the latest processed filings. Inditrade Microfinance 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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 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: 17 open (179.75 cr) · 71 satisfied (488.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 78 | 48.0 cr |
| Sidbi | 2 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Indian Overseas Bank | 1 | 48.0 cr |
| Indian Bank | 1 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
Compliance Score: 56/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: HARIBHAKTI & CO. LLP on 2021-08-05.
- Delayed payments to MSME suppliers disclosed (11 disclosure(s)).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JHUMA GUHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY CHUGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aniruddha Shridhar Badkatte | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA KRISHNARAO THOTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KERACHAN AYYAPPAN SOMASEKHARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBROTO CHATTOPADHYAY | 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 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 2024 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
Inditrade Capital Limited
Subsidiaries
-
Group entities
1
Capital events
17 allotment(s) · 10 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Inditrade Capital Limited | Holding Company | 74.00% |
| Inditrade Community Foundation | Associate Company | 74.00% |
Key managerial personnel: RAJENDRA KRISHNARAO THOTE (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 60
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 10+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (56/100).
17 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 27.90 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence58/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment30/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 17 open charge(s) of 179.75 cr already registered.
- Compliance gaps should be priced into terms.
Investor view52/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 May 2025
Director ceased
SREE RAMACHANDRAN BIJU
30 Sep 2024
Director appointed
Aniruddha Shridhar Badkatte (Company Secretary)
07 Aug 2024
Last AGM held
Annual general meeting
15 Jul 2024
Charge satisfied
State Bank Of India
08 Jul 2024
Charge satisfied
Dhanlaxmi Bank Limited
05 Jul 2024
Director ceased
KAUSAR ALI SHAIKHMANSOORI
11 Jun 2024
Charge satisfied
Others
06 May 2024
Charge satisfied
Others
03 Apr 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
26 Mar 2024
Charge created
Others - 3.75 cr
04 Mar 2024
Director ceased
RAVI PRAKASH JAIN
14 Feb 2024
Charge satisfied
Others
08 Feb 2024
Charge satisfied
Others
09 Nov 2023
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 17 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Vector Finance | U67190OR2018PTC029912 | Bhubaneswar, Orissa, India |
| First Asian Capital Resources Private Limited | U67120MH1986PTC038728 | Juhu, Maharashtra, India |
| Subhlakshmi Finance Private Limited | U67120PB1996PTC017604 | Sangrur, Punjab, India |
| Infodriveindia | U51109WB2000PTC090979 | Kolkata, West Bengal, India |
| Asrec | U67100MH2003GOI143291 | Andheri Kurla Road, Maharashtra, India |
| Satyam Forex And Financial Services Private Limited | U52602MH2014PTC257849 | Mumbai, Maharashtra, India |
| Aflfinance | U65100DL2001PLC111486 | Delhi, Delhi, India |
| Karni Syntex Pvt. Ltd. | U51109WB1993PTC061138 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Inditrade before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Inditrade: 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: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Inditrade - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Inditrade 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 Inditrade - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Inditrade an active company?
Inditrade has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Inditrade financially healthy?
Inditrade has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Inditrade?
Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Inditrade?
The ultimate holding entity is Inditrade Capital Limited. 6 active director(s) are on record.
Does Inditrade have loans or charges against its assets?
17 open charge(s) are registered against its assets, and 71 earlier charge(s) stand satisfied.
Is Inditrade up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 56/100 (Moderate).
Is it risky to lend to Inditrade?
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.
