Merritronix Ltd. - Due diligence report

A 360° intelligence report on Merritronix Ltd.: trust score, financial health, credit view, compliance, directors, growth and distress signa…

1988-10-14 Hyderabad, Telangana Active Unlisted Active Compliant
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ML Merritronix Ltd.
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Merritronix Ltd. — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Merritronix Ltd. is assessed as Low Risk with a Trust Score of 85/100. Merritronix Ltd. is an active public limited indian non-government company incorporated in 1988, 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 08 Oct 2026 from the latest processed filings. Merritronix Ltd. snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
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 access

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: 50/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.
  • Externally credit-rated (A4).

Charges position: 5 open (50.26 cr) · 8 satisfied (45.31 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Axis Bank Limited2 48.0 cr
Sidbi3 48.0 cr
Hdfc Bank Limited1 48.0 cr
State Bank Of India1 48.0 cr
Andhra Pradesh State Finance Corporation1 48.0 cr
Compliance Score: 78/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • 1 auditor resignation(s) filed - latest: Chengalrayulu & Associates on 2023-11-15.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
YESU DAS DOVARI 01234567 Director 01/04/2018 6 yrs Approved
KETHAN CHANDRA DARSY 01234567 Director 01/04/2018 6 yrs Approved
DOVARI AMARNATH 01234567 Director 01/04/2018 6 yrs Approved
RAVI BANDREDDI 01234567 Director 01/04/2018 6 yrs Approved
RAMALAKSHMANA RAO PAVULURI 01234567 Director 01/04/2018 6 yrs Approved
SRIDEVI MADATI 01234567 Director 01/04/2018 6 yrs Approved
Kethan Chandra Darsy 01234567 Director 01/04/2018 6 yrs Approved
Swathi Mandava 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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 2025 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
-
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

Key managerial personnel: DOVARI AMARNATH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 50.26 cr already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
12 Nov 2025
Charge created
Sidbi - 5.50 cr
30 Sep 2025
Last AGM held
Annual general meeting
06 Sep 2025
Charge created
Others - 20.02 cr
01 Aug 2025
Director appointed
RAVI BANDREDDI (Director)
Director appointed
RAMALAKSHMANA RAO PAVULURI (Director)
Director appointed
SRIDEVI MADATI (Director)
08 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
05 Feb 2025
Director appointed
Kethan Chandra Darsy (Cfo)
Director appointed
Swathi Mandava (Company Secretary)
27 Jan 2025
Charge satisfied
Andhra Pradesh State Finance Corporation
31 Dec 2024
Charge satisfied
Axis Bank Limited
21 Dec 2024
Charge satisfied
Axis Bank Limited
11 Nov 2024
Charge created
Others - 20.17 cr
29 Sep 2023
Director ceased
KETHAN CHANDRA DARSY
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A4 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
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Nanolite Infratech Private Limited U45209TG2010PTC068840 Hyderabad, Telangana
Intellex Accounts Outsourcing Private Limited U72200TG2008PTC057201 Hyderabad, Telangana
Enviroquest Consultants Private Limited U74140TG2007PTC054463 Hyderabad, Telangana
Kr Mroads India Private Limited U72200TG2013PTC089573 Hyderabad, Telangana
Neyzon Electricals And Electronics Private Limited U47594TS2023PTC173714 Hyderabad, Telangana
Cloudlogy It Services Private Limited U72900TG2020PTC140352 Hyderabad, Telangana
A A S R Infra Solutions Private Limited U45400TG2012PTC078624 Hyderabad, Telangana
Vincenzo Immigration Consultant Private Limited U74999TG2021PTC155237 Hyderabad, Telangana
12

Who Uses This Report

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

Verify Merritronix Ltd. before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Merritronix Ltd.: 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 50/100, 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 Merritronix Ltd. - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Merritronix Ltd. 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 Merritronix Ltd. - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Merritronix Ltd. an active company?

Merritronix Ltd. has MCA status “Active” with a compliance score of 78/100 (Low Risk).

Is Merritronix Ltd. financially healthy?

Merritronix Ltd. has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Merritronix Ltd.?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Merritronix Ltd.?

See the directors and ownership sections above for board and shareholding detail. 8 active director(s) are on record.

Does Merritronix Ltd. have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.

Is Merritronix Ltd. up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 78/100 (Low Risk).

Is it risky to lend to Merritronix Ltd.?

Its Credit Risk Score is 50/100 (Moderate). 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.