Mistral Solutions Private Limited - Due diligence report

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

1999-05-20 Bangalore., Karnataka Active Unlisted Active Compliant
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MS Mistral Solutions Private Limited
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Mistralsolutions — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Mistralsolutions is assessed as Low Risk with a Trust Score of 82/100. Mistralsolutions is an active private limited indian non-government company incorporated in 1999, 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 moderate compliance risk and low financial risk profile.

Report generated on 28 Jun 2026 from the latest processed filings. Mistral Solutions Private Limited 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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.

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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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 8 open (371.38 cr) · 2 satisfied (1.85 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Hdfc Bank Limited2 48.0 cr
Axis Bank Limited1 48.0 cr
Ing Vysya Bank1 48.0 cr
Ing Vysya Bank Limited2 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 2 auditor resignation(s) filed - latest: BSR & ASSOCIATES LLP on 2023-11-14.
  • Delayed payments to MSME suppliers disclosed (12 disclosure(s)).
  • 3 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
VENKATRAMAN VENKITACHALAM 01234567 Director 01/04/2018 6 yrs Approved
SAMPATH RAVINARAYANAN 01234567 Director 01/04/2018 6 yrs Approved
TANMOY CHAKRABARTY 01234567 Director 01/04/2018 6 yrs Approved
SHASHIDHAR SRIRANGPATNA KRISHNAMURTHY 01234567 Director 01/04/2018 6 yrs Approved
Codanda Poovaiah Cariappa 01234567 Director 01/04/2018 6 yrs Approved
MADHAVI KHANDAVALLI 01234567 Director 01/04/2018 6 yrs Approved
Muralikrishnan 01234567 Director 01/04/2018 6 yrs Approved
Chidhambaram Manikandan 01234567 Director 01/04/2018 6 yrs Approved
Subburaman Suresh Kumar 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2024)
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
Axiscades Technologies Limited
Subsidiaries
2
Group entities
3
Capital events
23 allotment(s) · 5 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Mistral Technologies Private Limited Subsidiary Company 74.00%
Axiscades Technologies Limited Holding Company 74.00%
Aero Electronics Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
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 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
8 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 7.65 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence76/100
Favourable indicators
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 assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 371.38 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view92/100
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
23 Sep 2025
Last AGM held
Annual general meeting
29 Aug 2025
Director appointed
Chidhambaram Manikandan (Ceo)
30 Jul 2025
Director ceased
Muralikrishnan
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Jan 2025
Director appointed
Subburaman Suresh Kumar (Cfo)
10 Jan 2025
Director appointed
MADHAVI KHANDAVALLI (Additional Director)
23 Dec 2024
Director appointed
Muralikrishnan (Additional Director)
20 Dec 2024
Charge created
Others - 50.00 cr
12 Nov 2024
Director appointed
VENKATRAMAN VENKITACHALAM (Additional Director)
15 Oct 2024
Director appointed
Codanda Poovaiah Cariappa (Additional Director)
12 Oct 2024
Director appointed
SAMPATH RAVINARAYANAN (Additional Director)
17 Sep 2024
Director ceased
ARUN KRISHNAMURTHI
Director ceased
TANMOY CHAKRABARTY
21 Aug 2024
Director ceased
SHARADHI CHANDRA BABUPAMPAPATHY
01 Jun 2024
Director appointed
TANMOY CHAKRABARTY (Director)
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% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 23 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Coreel Technologies U72200KA1999PTC033050 Bangalore, Karnataka, India
Microgenesis Cadsoft U72200KA1997PTC023209 Bangalore South, Karnataka, India
Algobulls U72900MH2019PTC326793 Goregaon East, Maharashtra, India
Srit U72200KA1999PLC025692 Bangalore, Karnataka, India
Parametric Technology (India) Private Limited U72200KA1994PTC068981 Bangalore North, Karnataka, India
Latentview L72300TN2006PLC058481 Chennai, Tamil Nadu, India
Ingersoll - Rand Technologies And Services Private Limited U29220KA1974PTC044323 Bengaluru, Karnataka, India
Zifo U72200TN2008PTC066180 Saidapet, Tamil Nadu, India
12

Who Uses This Report

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

Verify Mistralsolutions before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mistralsolutions: 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 85/100, 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 Mistralsolutions - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Mistralsolutions pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Mistralsolutions - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mistralsolutions an active company?

Mistralsolutions has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Mistralsolutions financially healthy?

Mistralsolutions has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Mistralsolutions?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mistralsolutions?

The ultimate holding entity is Axiscades Technologies Limited. 9 active director(s) are on record.

Does Mistralsolutions have loans or charges against its assets?

8 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Mistralsolutions up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Mistralsolutions?

Its Credit Risk Score is 85/100 (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.