Promoter holding
64.27%
IP
Indusface Private Limited - Due diligence report
A 360° intelligence report on Indusface: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Indusface — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Indusface is assessed as Low Risk with a Trust Score of 80/100. Indusface is an active private limited indian non-government company incorporated in 2004, 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 moderate financial risk profile.
Report generated on 23 Jun 2026 from the latest processed filings. Indusface 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 2 open (3.02 cr) · 2 satisfied (2.16 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Uti Bank Limited | 1 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 3 active GST registration(s).
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| FRANCIS ANTHONY HANCOCK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NANDINI ASHISH TANDON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIN KAIMAS MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH RAJENDRASEN TANDON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANUJ GULATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAMOD MANOHAR AHUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- FRANCIS ANTHONY HANCOCK has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 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 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
Indusface Inc; Usa
Subsidiaries
-
Group entities
-
Capital events
15 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Indusface Inc; Usa | Holding Company | 74.00% |
Key managerial personnel: NANDINI ASHISH TANDON (Managing Director) · ASHISH RAJENDRASEN TANDON (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
2 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence86/100
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 assessment71/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 3.02 cr already registered.
- Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events14 Aug 2025
Director appointed
TANUJ GULATI (Director)
Director ceased
TANUJ GULATI
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Jan 2025
Charge satisfied
Axis Bank Limited
21 Nov 2024
Charge created
Axis Bank Limited - 2.00 cr
Charge created
Hdfc Bank Limited - 1.02 cr
15 Nov 2022
Securities allotted
3784 Equity Shares - 5.49 Lakh raised
05 Aug 2022
Securities allotted
1327 Equity Shares - 1.93 Lakh raised
15 Jul 2021
Securities allotted
799 Equity Shares - 1.16 Lakh raised
Director appointed
FRANCIS ANTHONY HANCOCK (Director)
10 Nov 2020
Securities allotted
3893 Equity Shares - 5.65 Lakh raised
24 Aug 2020
Director ceased
FRANCIS ANTHONY HANCOCK
19 May 2020
Director appointed
MILIN KAIMAS MEHTA (Director)
Director ceased
MILIN KAIMAS MEHTA
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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%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 15 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Celestial Systems | U72200DL2001PTC113474 | New Delhi, Delhi, India |
| Celcom Solutions Global Private Limited | U72900TN2012PTC085629 | Saidapet, Tamil Nadu, India |
| Imanage | U72200KA2015PTC080573 | Bangalore, Karnataka, India |
| Tenmiles | U72200TN2004PTC052774 | Chennai, Tamil Nadu, India |
| Sihl Consultancy Limited | U74140GJ2006PLC049662 | Ahmedabad, Gujarat, India |
| Quoinx Technologies Private Limited | U72300MH2012PTC227633 | Thane, Maharashtra, India |
| Drivestream | U72200TN2002PTC049329 | Kanchipuram, Tamil Nadu, India |
| Zymr, Inc. | U72900GJ2008PTC053804 | Ahmedabad, Gujarat, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indusface 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 Indusface: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Indusface - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Indusface 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 Indusface - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Indusface an active company?
Indusface has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Indusface financially healthy?
Indusface has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Indusface?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indusface?
The ultimate holding entity is Indusface Inc; Usa. 6 active director(s) are on record.
Does Indusface have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Indusface 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 Indusface?
Its Credit Risk Score is 55/100 (Moderate). 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.
