Promoter holding
64.27%
LE
Liqvid Elearning Services Private Limited - Due diligence report
A 360° intelligence report on Liqvid: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Liqvid — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Liqvid is assessed as Moderate with a Trust Score of 70/100. Liqvid is an active private limited indian non-government company incorporated in 2002, operating in the Education sector. Reported revenue has declined 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 27 Jun 2026 from the latest processed filings. Liqvid Elearning Services 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 ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
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
60/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
Charges position: 1 open (1.00 cr) · 5 satisfied (10.01 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Small Industries Development Bank Of India (Sidbi) | 2 | 48.0 cr |
| Rajasthan Asset Management Company Private Limited | 1 | 48.0 cr |
| National Skill Development Corporation | 1 | 48.0 cr |
| Corporation Bank | 1 | 48.0 cr |
| Small Industries Development Bank Of India | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 2 auditor resignation(s) filed - latest: K.G. Somani & Co. on 2018-05-17.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SAURABH AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAREN BAKSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK AGARWAL | 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)
| 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
Xterm Products Llp
Subsidiaries
1
Group entities
1
Capital events
7 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Liqvid Elearning Services Inc,usa | Subsidiary Company | 74.00% |
| Liqvid English Edge Private Limited | Subsidiary Company | 74.00% |
| Liqvid Elearning Services Pte Ltd | Subsidiary Company | 74.00% |
| Xterm Products Llp | Holding Company | 74.00% |
Key managerial personnel: VIVEK AGARWAL (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 23+ 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.
1 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.24 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence69/100
Review suggested
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment47/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 1.00 cr already registered.
- Compliance record supports lending.
Investor view46/100
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 15 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Oct 2024
Charge satisfied
National Skill Development Corporation
31 Mar 2020
Share transfer (FY 2020)
48493.00000000 shares to Boddapaty Anand
10 Dec 2019
Director ceased
DEEPAK MOHLA
29 Mar 2019
Securities allotted
2987942 Equity Shares - 9.00 cr raised
31 Mar 2018
Share transfer (FY 2018)
100.00000000 shares to X Term Products LLP
Share transfer (FY 2018)
900000.00000000 shares to X Term Products LLP
31 Jan 2018
Director ceased
SURAMYA GUPTA
30 Apr 2015
Director ceased
BRIJESH PANDE
31 Mar 2015
Share transfer (FY 2015)
316369.00000000 shares to Naren
29 Sep 2014
Director ceased
VIVEK AGARWAL
15 May 2014
Charge satisfied
Small Industries Development Bank Of India (Sidbi)
07 Feb 2014
Securities allotted
35149.00 Equity Shares - 35,149.00 raised
08 Oct 2013
Charge created
National Skill Development Corporation - 2.59 cr
10
Key Observations
Auto-generated from the data aboveRevenue 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.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 7 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Liqvid 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 Liqvid: 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 40/100, 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 Liqvid - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Liqvid pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Liqvid - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Liqvid an active company?
Liqvid has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Liqvid financially healthy?
Liqvid has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Liqvid?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Liqvid?
The ultimate holding entity is Xterm Products Llp. 3 active director(s) are on record.
Does Liqvid have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Liqvid up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Liqvid?
Its Credit Risk Score is 40/100 (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.
