Promoter holding
64.27%
MI
Melstar Information Technologies Limited - Due diligence report
A 360° intelligence report on Melstar Information Technologies: trust score, financial health, credit view, compliance, directors, growth an…
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Melstar Information Technologies — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Melstar Information Technologies is assessed as Moderate with a Trust Score of 55/100. Melstar Information Technologies is an active public limited indian non-government company incorporated in 1986, operating in the Information Technology 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 high compliance risk and high financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. Melstar Information Technologies 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
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
41/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Elevated gearing (D/E 38%).
- Externally credit-rated (D).
Charges position: 0 open (-) · 5 satisfied (24.76 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 1 | 48.0 cr |
| Punjab & Sind Bank | 1 | 48.0 cr |
| Janakalyan Sahakari Bank Ltd. | 2 | 48.0 cr |
| Janakalyan Sahakari Banl Limited | 1 | 48.0 cr |
Compliance Score: 41/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE, BANKS, NSE.
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: KANU DOSHI ASSOCIATES on 2014-12-24.
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJNIKANT FAKIRBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UTTAM PRAKASH AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TARUN KASHYAP | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALYZAA MOHAMMED ABBAS MERCHANT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINEET GOVARDHAN PRASAD SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Subhash Chandra Varshney | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Raveendra Sangapu | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Selvaraj Johnson | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bhawna Rajawat | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- TARUN KASHYAP has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 8 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2018)
| 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
-
Group entities
-
Capital events
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Idv Techonolgy Solutions Private Limited | Subsidiary Company | 74.00% |
| Melstar Inc | Subsidiary Company | 74.00% |
Key managerial personnel: VINEET GOVARDHAN PRASAD SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 39+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 director exits within 2 years.
Compliance score is weak (41/100).
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence57/100
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 view50/100
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 events03 Oct 2025
Director appointed
Bhawna Rajawat (Company Secretary)
22 Sep 2025
Director appointed
Selvaraj Johnson (Additional Director)
27 May 2025
Director appointed
Raveendra Sangapu (Cfo)
15 May 2025
Director ceased
VINEET GOVARDHAN PRASAD SHAH
23 Dec 2024
Last AGM held
Annual general meeting
22 Dec 2024
Director ceased
TARUN KASHYAP
14 Nov 2024
Director appointed
TARUN KASHYAP (Director)
30 Sep 2024
Director ceased
RAJNIKANT FAKIRBHAI PATEL
Director ceased
UTTAM PRAKASH AGARWAL
Director ceased
ALYZAA MOHAMMED ABBAS MERCHANT
Director ceased
Subhash Chandra Varshney
24 Jul 2024
Director appointed
RAJNIKANT FAKIRBHAI PATEL (Director)
Director appointed
UTTAM PRAKASH AGARWAL (Director)
04 Jul 2024
Director ceased
PRAMOD SHIVAJI BHOSALE
Director ceased
SHIREEN MOHD HANEEF KHAN
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
All 5 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Care.
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.
| Company | CIN | Location |
|---|---|---|
| Qspear Consultancy Services Private Limited | U72300UP2012PTC052061 | Noida, Uttar Pradesh, India |
| Kommineni Group | U72200TG1998PTC028964 | Hyderabad, Telangana, India |
| Intrinsic It Solutions Private Limited | U74900TG2016FTC102803 | Hyderabad, Telangana, India |
| Birst | U72200TG2008PTC130627 | Hyderabad, Telangana, India |
| Z-Com India Private Limited | U74999DL2016FTC305733 | New Delhi, Delhi, India |
| Attinad Software | U72200KL2007PTC020945 | Trivandrum, Kerala, India |
| Recap Ventures Private Limited | U74999TN2015PTC099378 | Chennai, Tamil Nadu, India |
| Niteo Technologies Private Limited | U72300DL1998PTC352271 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Melstar Information Technologies before audits and certifications: compliance score 41/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Melstar Information Technologies: 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Melstar Information Technologies - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Melstar Information Technologies 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 Melstar Information Technologies - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Melstar Information Technologies an active company?
Melstar Information Technologies has MCA status “Active” with a compliance score of 41/100 (Caution Indicated).
Is Melstar Information Technologies financially healthy?
Melstar Information Technologies has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Melstar Information Technologies?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Melstar Information Technologies?
Promoters hold the largest single block of equity - exact percentages are in the full report. 9 active director(s) are on record.
Does Melstar Information Technologies have loans or charges against its assets?
No open charges - all 5 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Melstar Information Technologies up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 41/100 (Caution Indicated).
Is it risky to lend to Melstar Information Technologies?
Its Credit Risk Score is 40/100 (Caution Indicated). 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.
