Indus Appstore Private Limited - Due diligence report

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

2015-10-20 Egmore Nungambakkam, Tamil Nadu Active Unlisted Active Compliant
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IA Indus Appstore Private Limited
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Indus — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Indus is assessed as Moderate with a Trust Score of 58/100. Indus is an active private limited indian non-government company incorporated in 2015, operating in the Information Technology 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 low compliance risk and high financial risk profile.

Report generated on 15 Jul 2026 from the latest processed filings. Indus Appstore Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

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 ScoreModerate
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
30/100
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.

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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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.

Charges position: 0 open (-) · 2 satisfied (5.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Compliance Score: 82/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2022-06-06.
  • Delayed payments to MSME suppliers disclosed (76 disclosure(s)).
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
Priya Meenakshi Narasimhan 01234567 Director 01/04/2018 6 yrs Approved
AKASH MOTILAL DONGRE 01234567 Director 01/04/2018 6 yrs Approved
Tessa Joseph Kallarackal 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 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
Oslabs Pte. Ltd
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Oslabs Pte. Ltd Holding Company 74.00%

Key managerial personnel: Priya Meenakshi Narasimhan (Whole-time director) · AKASH MOTILAL DONGRE (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 30
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
Negative net worth.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 80.39 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence59/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view44/100
Limited indicators at present
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 events
26 Sep 2025
Last AGM held
Annual general meeting
15 May 2025
Director appointed
Tessa Joseph Kallarackal (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2024
Director ceased
Priya Meenakshi Narasimhan
15 Nov 2023
Director appointed
Priya Meenakshi Narasimhan (Whole-time director)
31 Mar 2023
Share transfer (FY 2023)
1.00000000 shares to Parag Mathur
13 Sep 2022
Securities allotted
12148495 Equity Shares - 12.15 cr raised
Director ceased
PARAG MATHUR
Director ceased
LAKSHMISHA SHIVAPRASAD
09 Sep 2022
Director ceased
RAKESH DESHMUKH
Director ceased
AKASH MOTILAL DONGRE
29 Jul 2022
Director ceased
VIJAY AJMERA
27 Jul 2022
Director ceased
SUMIT ANANT MORE
06 May 2022
Charge satisfied
Others
19 Feb 2020
Charge created
Others - 5.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
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.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Games2Win U72200MH2006PTC160596 Mumbai, Maharashtra, India
Nuvento U72200KL2008PTC038934 Kochi, Kerala, India
Mutual Mobile U72200TG2011PTC073073 Shaikpet, Telangana, India
Franconnect U72200RJ2010PTC033010 Jaipur, Rajasthan, India
Indus U74120TN2015PTC179835 Egmore Nungambakkam, Tamil Nadu, India
Resilinc U72900PN2012PTC171107 Pune, Maharashtra, India
Ushur U72200KA2017FTC103688 Bangalore, Karnataka, India
Crossasyst Infotech U72900MH2019PTC334036 Mumbai, Maharashtra, India
Maxval Technologies U72900MH2004PTC149684 Navi Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Indus before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Indus: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 70/100, margin trends, ownership structure and peer set for Indus - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Indus 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 Indus - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indus an active company?

Indus has MCA status “Active” with a compliance score of 82/100 (Low Risk).

Is Indus financially healthy?

Indus has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indus?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indus?

The ultimate holding entity is Oslabs Pte. Ltd. 3 active director(s) are on record.

Does Indus have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Indus up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).

Is it risky to lend to Indus?

Its Credit Risk Score is 45/100 (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.