Promoter holding
64.27%
IB
Indusind Bank Ltd. - Due diligence report
A 360° intelligence report on Indusind Bank: trust score, financial health, credit view, compliance, directors, growth and distress signals …
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Indusind Bank — 360° Intelligence Report
Generated from MCA filings & public records49/100
Trust Score
Caution Indicated
Indusind Bank is assessed as Caution Indicated with a Trust Score of 49/100. Indusind Bank is an active public limited indian non-government company incorporated in 1994, operating in the Financial Services sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Indusind Bank Ltd. 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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
28/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
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: 50/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Externally credit-rated (AA).
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 28/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: FIU, IRDA, RBI.
- Litigation present in 5 court forum(s).
- 1 auditor resignation(s) filed - latest: S.R. BATLIBOI & CO. LLP on 2019-07-10.
- 31 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BHAVNA GAUTAM DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATA PRABHAKAR LINGAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP KANJIBHAI UDHAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKILA KRISHNAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV SURAJBHAN AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDIP BASU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOBIND JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN KHURANA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAND KUMAR DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAKESH BHATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL JAGANNATH JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Santosh Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Viral Rajnikant Damania | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajiv Anand | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 16 directors on the board.
- ARUN KHURANA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 5 director exits in 3 years - high churn.
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
-
Subsidiaries
1
Group entities
2
Capital events
1331 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bharat Financial Inclusion Limited | Subsidiary Company | 74.00% |
| Indusind Marketing And Financial Services Private Limited | Associate Company | 74.00% |
Key managerial personnel: GOBIND JAIN (CFO) · ARUN KHURANA (Whole-time director) · RAJIV ANAND (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 75
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (28/100).
1 auditor resignation(s) on record - review the stated reasons.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence48/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 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 gaps should be priced into terms.
Investor view48/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events16 Oct 2025
Director appointed
Rajiv Anand (Ceo)
10 Oct 2025
Director appointed
Viral Rajnikant Damania (Cfo)
29 Aug 2025
Last AGM held
Annual general meeting
28 Aug 2025
Director ceased
RAJIV ANAND
25 Aug 2025
Director appointed
RAJIV ANAND (Managing Director)
13 May 2025
Director appointed
Santosh Kumar (Cfo)
03 Jul 2024
Director ceased
SUDIP BASU
11 Jun 2024
Director ceased
VENKATA PRABHAKAR LINGAM
Director ceased
RAKESH BHATIA
30 May 2024
Director appointed
SUDIP BASU (Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
30 Mar 2024
Director appointed
VENKATA PRABHAKAR LINGAM (Director)
Director appointed
RAKESH BHATIA (Director)
16 Nov 2023
Director ceased
ARUN KHURANA
05 Apr 2023
Director ceased
SUNIL MEHTA
10
Key Observations
Auto-generated from the data above16 active director(s) / partner(s); review board churn before relying on management continuity.
31 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 AA from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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 1331 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Prithvi Broking Private Limited | U51909MH2007PTC173851 | Mumbai, Maharashtra, India |
| Pmc Consultants Private Limited | U74899DL1985PTC022674 | New Delhi, Delhi, India |
| Indo Global Commercials Private Limited | U23100MH1991PTC063736 | Nagpur, Maharashtra, India |
| Igh Holdings Private Limited | U64200MH2000PTC129356 | Mumbai, Maharashtra, India |
| India Post Payments Bank Limited | U74999DL2016GOI304561 | New Delhi, Delhi, India |
| Yes Bank | L65190MH2003PLC143249 | Mumbai, Maharashtra, India |
| Kotak | L65110MH1985PLC038137 | Mumbai, Maharashtra, India |
| Freecharge | L65110GJ1993PLC020769 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indusind Bank before audits and certifications: compliance score 28/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indusind Bank: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Indusind Bank - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Indusind Bank 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 Indusind Bank - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indusind Bank an active company?
Indusind Bank has MCA status “Active” with a compliance score of 28/100 (Caution Indicated).
Is Indusind Bank financially healthy?
Indusind Bank has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Indusind Bank?
Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indusind Bank?
Promoters hold a minority stake - exact percentages are in the full report. 16 active director(s) are on record.
Does Indusind Bank have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Indusind Bank up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 28/100 (Caution Indicated).
Is it risky to lend to Indusind Bank?
Its Credit Risk Score is 50/100 (Moderate). 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.
