Promoter holding
64.27%
NA
Net Avenue Technologies Limited - Due diligence report
A 360° intelligence report on Cbazaar: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
Cbazaar — 360° Intelligence Report
Generated from MCA filings & public records84/100
Trust Score
Low Risk
Cbazaar is assessed as Low Risk with a Trust Score of 84/100. Cbazaar is an active public limited indian non-government company incorporated in 2001, operating in the E-Commerce 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 13 Jun 2026 from the latest processed filings. Net Avenue Technologies 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
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 ScoreLow Risk
85/100
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
70/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 1 satisfied (1.50 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Citibank N.A | 1 | 48.0 cr |
Compliance Score: 88/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- 3 active GST registration(s).
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Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MURALI RAJAGOPALACHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITESH KATARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH NAHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Riya Jain | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prakash | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUMISHA DARSHAN DADWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHIVRAJ NARESH KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- MURALI RAJAGOPALACHARI 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 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
1
Capital events
9 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Cbazaar.com Inc, United States Of America | Subsidiary Company | 74.00% |
| Pioneer Tradings Limited, United Kingdom | Subsidiary Company | 74.00% |
| Ethnoserve Bespoke Services Private Limited | Associate Company | 74.00% |
Key managerial personnel: RITESH KATARIYA (Whole-time director) · RAJESH NAHAR (Managing Director) · Prakash (CFO)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 70 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
No critical warning flags detected in the available data.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment72/100
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 view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
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MCA Filings & Events Timeline
Latest 15 events28 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Sep 2023
Director appointed
Prakash (CFO)
Director appointed
BHUMISHA DARSHAN DADWANI (Company Secretary)
26 Sep 2023
Director appointed
MURALI RAJAGOPALACHARI (Director)
Director appointed
Riya Jain (Director)
31 Mar 2020
Share transfer (FY 2020)
8750.00000000 shares to SHARDA NATWARLAL SHAH
02 Jan 2020
Director ceased
SAMIR KUMAR
Director ceased
HEMCHANDRA GURUNATH JAVERI
28 Oct 2019
Director ceased
RITESH KATARIYA
27 Oct 2019
Director ceased
RAJESH NAHAR
15 Dec 2018
Director ceased
PAVAN KRISHNAMURTHY
31 Mar 2017
Share transfer (FY 2017)
75000.00000000 shares to K. RITESH
09 Oct 2015
Charge satisfied
Citibank N.A
21 Jul 2015
Securities allotted
98688.00 Preference Shares - 4.63 cr raised
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
All 1 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 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Arora Fibres Limited | U17119DN1993PLC000054 | Nagar Haveli., Dadra & Nagar Haveli, India |
| Anamklean Envirotech Private Limited | U90000MH2009PTC191147 | Mumbai, Maharashtra, India |
| Bjcl | U26940CT2007PLC020250 | Durg, Chattisgarh, India |
| Haryana Concrete Products Limited | U74899HR1986PLC025697 | Haryana, Haryana, India |
| Aurobliss | U36911TZ2014PTC020351 | Coimbatore South, Tamil Nadu, India |
| Kotawala Creations Private Limited | U74140DL2010PTC201703 | New Dlehi, Delhi, India |
| Ops Jewellery House Private Limited | U36910HR2020PTC087919 | Karnal, Haryana, India |
| Pace Diamonds Private Limited | U36912MH2010PTC210487 | Bandra, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Cbazaar 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 Cbazaar: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Cbazaar - 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 Cbazaar 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 Cbazaar - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Cbazaar an active company?
Cbazaar has MCA status “Active” with a compliance score of 88/100 (Low Risk).
Is Cbazaar financially healthy?
Cbazaar has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Cbazaar?
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 Cbazaar?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.
Does Cbazaar have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Cbazaar 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 Cbazaar?
Its Credit Risk Score is 55/100 (Moderate). 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.
