Promoter holding
64.27%
MS
Mindstix Software Labs Private Limited - Due diligence report
A 360° intelligence report on Mindstix: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Mindstix — 360° Intelligence Report
Generated from MCA filings & public records91/100
Trust Score
Low Risk
Mindstix is assessed as Low Risk with a Trust Score of 91/100. Mindstix is an active private limited indian non-government company incorporated in 2011, 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 Jul 2026 from the latest processed filings. Mindstix Software Labs 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 ScoreLow Risk
91/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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: 90/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (2.12 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 88/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JAYENDRA VASANT KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND NARAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROSHAN JAYENDRA KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARCHANA JAYENDRA KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 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
-
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Mindstix Software Labs Inc | Subsidiary Company | 74.00% |
Key managerial personnel: JAYENDRA VASANT KULKARNI (Whole-time director) · ARVIND NARAIN (Whole-time director) · ROSHAN JAYENDRA KULKARNI (Managing Director) · ARCHANA JAYENDRA KULKARNI (Whole-time 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%.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
No critical warning flags detected in the available data.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence90/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view92/100
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 events04 May 2025
Director ceased
ROSHAN JAYENDRA KULKARNI
30 Sep 2024
Last AGM held
Annual general meeting
19 Sep 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
25 Aug 2023
Director ceased
JAYENDRA VASANT KULKARNI
Director ceased
ARCHANA JAYENDRA KULKARNI
15 Mar 2022
Charge created
Others - 1.46 cr
01 Mar 2021
Securities allotted
552 Equity Shares - 82,800.00 raised
10 Dec 2018
Securities allotted
276 Equity Shares - 41,400.00 raised
16 Jan 2018
Securities allotted
276 Equity Shares - 41,400.00 raised
09 May 2017
Charge satisfied
Hdfc Bank Limited
19 Dec 2016
Securities allotted
276 Equity Shares - 41,400.00 raised
30 Sep 2016
Director ceased
ARVIND NARAIN
24 Dec 2015
Director appointed
ARVIND NARAIN (Whole-time director)
27 Mar 2015
Charge created
Hdfc Bank Limited - 66.00 Lakh
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Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
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.
| Company | CIN | Location |
|---|---|---|
| Yethi Consulting | U74999KA2013PTC068919 | Bangalore North, Karnataka, India |
| Semaconnect | U72200KA2010PTC054035 | Bangalore, Karnataka, India |
| Hyperverge | U72400TN2013PTC094387 | Chennai, Tamil Nadu, India |
| The Hackett Group | U72200TG1997FTC027166 | Hyderabad, Telangana, India |
| Khatabook | U66220TN2017PTC184864 | Chennai, Tamil Nadu, India |
| Nextnode Solutions | U62099GJ2018PTC101231 | Ambawadi, Gujarat, India |
| Compute Edge Wireless India Private Limited | U72200KA2019FTC125105 | Bangalore, Karnataka, India |
| Collabnet | U72200TN2003PTC050693 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mindstix before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mindstix: 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 90/100, 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 Mindstix - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether Mindstix 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 Mindstix - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Mindstix an active company?
Mindstix has MCA status “Active” with a compliance score of 88/100 (Low Risk).
Is Mindstix financially healthy?
Mindstix has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Mindstix?
Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mindstix?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Mindstix have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Mindstix up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).
Is it risky to lend to Mindstix?
Its Credit Risk Score is 90/100 (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.
