Innovative Coverage Solutions Private Limited - Due diligence report

A 360° intelligence report on Innovative Coverage Solutions Private Limited: trust score, financial health, credit view, compliance, directo…

2008-09-25 Mumbai, Maharashtra Active Unlisted Active Compliant
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Innovative Coverage Solutions Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Innovative Coverage Solutions Private Limited is assessed as Low Risk with a Trust Score of 77/100. Innovative Coverage Solutions Private Limited is an active private limited indian non-government company incorporated in 2008, operating in the Telecom sector. Reported revenue has declined 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 moderate financial risk profile.

Report generated on 15 Jul 2026 from the latest processed filings. Innovative Coverage Solutions Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (33.66 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Essential Energy (Operations) India Private Limited1 48.0 cr
Small Industries Development Bank Of India1 48.0 cr
Sidbi1 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • 5 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MEERADEVI CHAUDHARY 01234567 Director 01/04/2018 6 yrs Approved
PRAGATI LAAD 01234567 Director 01/04/2018 6 yrs Approved
BALKISHAN RADHAKISHAN CHOUDHARY 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)
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
Microqual Techno Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Microqual Techno Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 17+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Statutory filings appear overdue.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment60/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 33.66 cr already registered.
  • Compliance record supports lending.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
31 Dec 2020
Director ceased
MEERADEVI CHAUDHARY
08 Sep 2020
Charge created
Sidbi - 65.90 Lakh
11 Dec 2019
Director appointed
MEERADEVI CHAUDHARY (Director)
Director ceased
MAHESH BALKISHAN CHOUDHARY
01 Apr 2019
Director appointed
PRAGATI LAAD (Company Secretary)
06 Mar 2014
Charge created
Essential Energy (Operations) India Private Limited - 18.00 cr
27 Mar 2013
Director ceased
KUMAR SHIRALAGI
29 Dec 2012
Charge created
Small Industries Development Bank Of India - 15.00 cr
03 Oct 2012
Director appointed
BALKISHAN RADHAKISHAN CHOUDHARY (Director)
17 Aug 2012
Securities allotted
11260000.00 Equity Shares - 11.26 cr raised
25 Sep 2008
Incorporated
Registered with Roc Mumbai
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
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.
5 active GST registration(s) indicate ongoing business operations.
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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kozhikode Cable Communicators Limited U64204KL2008PLC023075 Calicut, Kerala, India
Neutara Technologies Private Limited U72900TG2019PTC132715 Shaikpet, Telangana, India
Auraedu Group Learning Private Limited U74900RJ2014PTC046408 Udaipur, Rajasthan, India
Zuree Telecom Private Limited U64204HR2014PTC052035 Galleria Dlf-Iv, Haryana, India
Huwag Teleservices Private Limited U64100DL2015PTC282598 Mehrauli, Delhi, India
Wefe Technology U61200OR2009PTC010865 Bhubaneswar, Orissa, India
Mozaiq Automation Private Limited U72200DL2020PTC374847 New Delhi, Delhi, India
Teracom (India) U24241GA2001PLC002950 Ponda, Goa, India
12

Who Uses This Report

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

Verify Innovative Coverage Solutions Private Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Innovative Coverage Solutions Private Limited: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Innovative Coverage Solutions Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Innovative Coverage Solutions Private Limited 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 Innovative Coverage Solutions Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Innovative Coverage Solutions Private Limited an active company?

Innovative Coverage Solutions Private Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Innovative Coverage Solutions Private Limited financially healthy?

Innovative Coverage Solutions Private Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Innovative Coverage Solutions Private Limited?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Innovative Coverage Solutions Private Limited?

The ultimate holding entity is Microqual Techno Limited. 3 active director(s) are on record.

Does Innovative Coverage Solutions Private Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets.

Is Innovative Coverage Solutions Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Innovative Coverage Solutions Private Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.