Modi Holdings Private Limited - Due diligence report

A 360° intelligence report on Smartgroup: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…

2001-06-18 Delhi, Delhi Active Unlisted Active Compliant
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MH Modi Holdings Private Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Smartgroup — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Smartgroup is assessed as Low Risk with a Trust Score of 84/100. Smartgroup is an active private limited indian non-government company incorporated in 2001, operating in the Financial Services 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 low compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Modi Holdings Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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

Consolidated · 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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 3 open (105.50 cr) · 1 satisfied (135.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Mr Umesh Kumar Khaitan1 48.0 cr
Others2 48.0 cr
Hdfc Bank Limited1 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
NameDIN / PANDesignationAppointedTenureDIN status
Divya Dutta 01234567 Director 01/04/2018 6 yrs Approved
VIDYA CHHABRA 01234567 Director 01/04/2018 6 yrs Approved
GURVINDER PAL SINGH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2015)
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 2023 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
6
Group entities
11
Capital events
0 allotment(s) · 1 transfer(s)

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

Group entityRelationship% held
Smart Dreams Private Limited Subsidiary Company 74.00%
Spice Connect Private Limited Subsidiary Company 74.00%
Spice Digital Bangladesh Limited Subsidiary Company 74.00%
Spice Digital Fzco Subsidiary Company 74.00%
Spice Global Ventures Pte Ltd Subsidiary Company 74.00%
Spice Solar Technology Private Limited Subsidiary Company 74.00%
Spice Vas (africa) Pte. Limited Subsidiary Company 74.00%
Spice Vas Kenya Limited Subsidiary Company 74.00%
Spice Vas Rdc Subsidiary Company 74.00%
Toplight Corporate Management Private Limited Subsidiary Company 74.00%

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 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 105.50 cr already registered.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
22 May 2025
Charge created
Hdfc Bank Limited - 20.50 cr
28 Oct 2024
Charge created
Others - 10.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Divya Dutta
20 Sep 2024
Charge created
Others - 75.00 cr
07 May 2024
Director appointed
Divya Dutta (Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Mar 2023
Share transfer (FY 2023)
980000.00000000 shares to BK MODI
30 Sep 2022
Director ceased
PREETI MALHOTRA
Director ceased
GURVINDER PAL SINGH
31 May 2022
Director appointed
GURVINDER PAL SINGH (Director)
Director ceased
MANEESH TRIPATHI
09 Mar 2020
Director ceased
DIVYA MODI TONGYA
18 Oct 2019
Director ceased
DILIP KUMAR MODI
30 Sep 2017
Director ceased
KAMALAPATI KASHYAP
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Progressive Global Finance Private Limited U65990MH2008PTC188366 Mumbai, Maharashtra, India
Hafis Forex Private Limited U65999TN2016PTC113005 Chennai, Tamil Nadu, India
Paras Forex Private Limited U65190DL2007PTC167026 New Delhi, Delhi, India
Excellence Wealth Lab Private Limited U67110KA2021PTC154452 Bangalore, Karnataka, India
Auj Investment & Consultants Private Limited U65993WB1986PTC040459 Kolkata, West Bengal, India
Morarka Finance L67120MH1985PLC035632 Mumbai, Maharashtra, India
Prodigee Finance Limited U65929MP2016PLC042015 Huzur, Madhya Pradesh, India
Ipro Capital Limited U51491WB1947PLC061685 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Smartgroup 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 Smartgroup: 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 50/100, margin trends, ownership structure and peer set for Smartgroup - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Smartgroup 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 Smartgroup - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Smartgroup an active company?

Smartgroup has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Smartgroup financially healthy?

Smartgroup has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Smartgroup?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Smartgroup?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Smartgroup have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Smartgroup 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 Smartgroup?

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.