Promoter holding
64.27%
IR
Iris Regtech Solutions Limited - Due diligence report
A 360° intelligence report on Irisbusiness: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Irisbusiness — 360° Intelligence Report
Generated from MCA filings & public records94/100
Trust Score
Low Risk
Irisbusiness is assessed as Low Risk with a Trust Score of 94/100. Irisbusiness is an active public limited indian non-government company incorporated in 2000, operating in the Information Technology sector. The company has shown revenue growth 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 low financial risk profile.
Report generated on 16 Aug 2026 from the latest processed filings. Iris Regtech Solutions 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
94/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (BB).
Charges position: 2 open (19.08 cr) · 8 satisfied (61.38 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Standard Chartered Bank | 3 | 48.0 cr |
| Icici Bank Limited | 2 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Apian Finance And Investment Ltd | 1 | 48.0 cr |
Compliance Score: 92/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Delayed payments to MSME suppliers disclosed (8 disclosure(s)).
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| HARIHARAN MADHAVAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTOSHKUMAR JAISHANKER SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINEET RAJENDRA KANDOI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUTHENPURACKAL KUNCHERIA XAVIER THOMAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALACHANDRAN KRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPTA RANGARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHASWAR MUKHERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Swaminathan Subramaniam | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALACHANDRAN KRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK VENKATRAMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vineet Rajendra Kandoi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 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 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
-
Subsidiaries
1
Group entities
1
Capital events
9 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Atanou Srl | Subsidiary Company | 74.00% |
| Iris Business Service Llc | Subsidiary Company | 74.00% |
| Iris Business Service (asia) Pte.ltd | Subsidiary Company | 74.00% |
| Iris Logix Solutions Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: VINEET RAJENDRA KANDOI (CFO) · PUTHENPURACKAL KUNCHERIA XAVIER THOMAS (Whole-time director) · BALACHANDRAN KRISHNAN (Whole-time director) · DEEPTA RANGARAJAN (Whole-time director) · Swaminathan Subramaniam (CEO) · BALACHANDRAN KRISHNAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 5.63 Lakh.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment94/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 19.08 cr already registered.
- Compliance record supports lending.
Investor view95/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events14 Nov 2025
Director appointed
HARIHARAN MADHAVAN (Director)
23 Sep 2025
Last AGM held
Annual general meeting
15 Sep 2025
Director appointed
Vineet Rajendra Kandoi (Cfo)
14 Aug 2025
Director appointed
VINEET RAJENDRA KANDOI (CFO)
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Mar 2025
Charge created
Others - 6.58 cr
11 Nov 2022
Director appointed
PUTHENPURACKAL KUNCHERIA XAVIER THOMAS (Whole-time director)
19 Sep 2022
Securities allotted
89000 Equity Shares - 28.48 Lakh raised
02 Mar 2022
Charge satisfied
Others
28 Jun 2021
Securities allotted
295000 Equity Shares - 94.40 Lakh raised
05 Jun 2021
Director appointed
SANTOSHKUMAR JAISHANKER SHARMA (Company Secretary)
01 May 2021
Director appointed
BALACHANDRAN KRISHNAN (CFO)
30 Mar 2021
Securities allotted
44000 Equity Shares - 14.08 Lakh raised
31 Dec 2020
Charge created
Others - 12.50 cr
13 Nov 2020
Director ceased
HASEEB AHMAD DRABU
10
Key Observations
Auto-generated from the data aboveRevenue grew 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 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
11 active director(s) / partner(s); board looks stable and experienced.
1 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 BB from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 9 security allotment(s) - amounts available in the full report.
11 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Congruentsolutions | U35999TN1986PTC013156 | Chennai, Tamil Nadu, India |
| Greeksoft | U72200MH2006PTC166211 | Mumbai, Maharashtra, India |
| Vmukti | U72200GJ2007PTC051877 | Ahmadabad City, Gujarat, India |
| Vgipl | L93000MH1997PLC110645 | Nagpur, Maharashtra, India |
| Pixel Softek | U72200KA2004PTC033559 | Bengaluru, Karnataka, India |
| Pocket52 | U74999HR2018PTC115783 | Badshahpur, Haryana, India |
| Sew.Ai Private Limited | U62090UP2023PTC193054 | Dadri, Uttar Pradesh, India |
| Changepond Technologies | U72200TN2000PTC044948 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Irisbusiness before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Irisbusiness: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Irisbusiness - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 94/100, distress signals and MSME payment-delay disclosures - know whether Irisbusiness 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 Irisbusiness - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Irisbusiness an active company?
Irisbusiness has MCA status “Active” with a compliance score of 92/100 (Low Risk).
Is Irisbusiness financially healthy?
Irisbusiness has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Irisbusiness?
Its overall Trust Score is 94/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Irisbusiness?
Promoters hold the largest single block of equity - exact percentages are in the full report. 11 active director(s) are on record.
Does Irisbusiness have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Irisbusiness up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).
Is it risky to lend to Irisbusiness?
Its Credit Risk Score is 95/100 (Low Risk). 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.
