Promoter holding
64.27%
ML
Mindtree Limited - Due diligence report
A 360° intelligence report on Mindtree: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Mindtree — 360° Intelligence Report
Generated from MCA filings & public records49/100
Trust Score
Caution Indicated
Mindtree is assessed as Caution Indicated with a Trust Score of 49/100. Mindtree is a public limited indian non-government company incorporated in 1999, operating in the Information Technology sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 28 Jun 2026 from the latest processed filings. Mindtree 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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Externally credit-rated (A1).
Charges position: 0 open (-) · 9 satisfied (576.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 3 | 48.0 cr |
| Citibank N.A. | 2 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Oriental Bank Of Commerce | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Ltd | 1 | 48.0 cr |
| Icici Bank Ltd | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2022 - filings overdue.
- Flagged by authority: NSDL.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 12 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMAMURTHI SHANKAR RAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| APURVA PUROHIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SEKHARIPURAM NARAYANAN SUBRAHMANYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENUGOPAL LAMBU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEBASHIS CHATTERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINIT AJIT TEREDESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANILKUMAR MANIBHAI NAIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINIT AJIT TEREDESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHODH RAVINDRANATH SHETTY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKSHAYA BHARGAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPA GOPALAN WADHWA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BIJOU KURIEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRASEKARAN RAMAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEBASHIS CHATTERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Subhodh Shetty | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 15 directors on the board.
- VENUGOPAL LAMBU has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
| 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 2022 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
Larsen & Toubro Limited
Subsidiaries
-
Group entities
-
Capital events
358 allotment(s) · 2 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bluefin Solutions Sdn. Bhd | Subsidiary Company | 74.00% |
| Mindtree Software (shanghai) Co. Limited | Subsidiary Company | 74.00% |
| Larsen & Toubro Limited | Holding Company | 74.00% |
Key managerial personnel: VENUGOPAL LAMBU (Whole-time director) · DEBASHIS CHATTERJEE (CEO) · VINIT AJIT TEREDESAI (CFO) · VINIT AJIT TEREDESAI (CFO) · DEBASHIS CHATTERJEE (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 55
Growth signals & trust indicators
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
MSME payment delays disclosed - latest outstanding 51,099.00.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence33/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment46/100
Mixed indicators - deeper appraisal suggested
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 view57/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events13 Oct 2022
Securities allotted
10482 Equity Shares - 1.05 Lakh raised
31 Aug 2022
Securities allotted
19856 Equity Shares - 1.99 Lakh raised
13 Jul 2022
Securities allotted
12600 Equity Shares - 1.26 Lakh raised
Securities allotted
58705 Equity Shares - 5.87 Lakh raised
Securities allotted
6510 Equity Shares - 1.75 cr raised
Last AGM held
Annual general meeting
06 Jul 2022
Securities allotted
8700 Equity Shares - 87,000.00 raised
18 Apr 2022
Securities allotted
5000 Equity Shares - 50,000.00 raised
01 Apr 2022
Director ceased
PRASANNA RANGACHARYA MYSORE
31 Mar 2022
Latest balance sheet
Filed with ROC
11 Mar 2022
Securities allotted
5150 Equity Shares - 51,500.00 raised
17 Feb 2022
Charge satisfied
Standard Chartered Bank
10 Feb 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
09 Feb 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Ltd
04 Feb 2022
Charge satisfied
Citibank N.A.
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
15 active director(s) / partner(s); review board churn before relying on management continuity.
12 active GST registration(s) indicate ongoing business operations.
All 9 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A1 from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 358 security allotment(s) - amounts available in the full report.
14 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Alcatel-Lucent India Limited | U72200DL1992PLC047870 | New Delhi, Delhi, India |
| Ntt Data Information Processing Services Private Limited | U72900KA2011PTC060769 | Bangalore, Karnataka, India |
| Emc Software And Services India Private Limited | U72900KA1999PTC152948 | Bangalore, Karnataka, India |
| Telesonic Networks | U64200HR2009PLC096372 | Gurgaon, Haryana, India |
| Wns | U72200MH1996PTC100196 | Mumbai, Maharashtra, India |
| Ericsson India Private Limited | U72200DL2010PTC204192 | New Delhi, Delhi, India |
| Redback Networks | U74899DL1992PTC047977 | New Delhi, Delhi, India |
| Citicorp Services India Private Limited | U72900MH2009FTC192938 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mindtree before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mindtree: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Mindtree - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Mindtree pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Mindtree - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mindtree an active company?
Mindtree has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).
Is Mindtree financially healthy?
Mindtree has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Mindtree?
Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mindtree?
The ultimate holding entity is Larsen & Toubro Limited. 15 active director(s) are on record.
Does Mindtree have loans or charges against its assets?
No open charges - all 9 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Mindtree up to date with its ROC filings?
Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Mindtree?
Its Credit Risk Score is 55/100 (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.
