Nowfloats Technologies Limited - Due diligence report

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

2012-05-09 Shaikpet, Telangana Active Unlisted Active Compliant
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Nowfloats — 360° Intelligence Report

Generated from MCA filings & public records
69/100
Trust Score
Moderate

Nowfloats is assessed as Moderate with a Trust Score of 69/100. Nowfloats is an active public limited indian non-government company incorporated in 2012, 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 moderate compliance risk and moderate financial risk profile.

Report generated on 11 Nov 2026 from the latest processed filings. Nowfloats Technologies Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
71/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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 access

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
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 2 satisfied (10.75 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 71/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 1 court forum(s).
  • 2 auditor resignation(s) filed - latest: WALKER CHANDIOK & CO LLP on 2020-03-19.
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
NITIN JAIN 01234567 Director 01/04/2018 6 yrs Approved
RAVI NAVINCHANDRA KARIA 01234567 Director 01/04/2018 6 yrs Approved
BALASUBRMANIAN CHANDRASEKARAN 01234567 Director 01/04/2018 6 yrs Approved
KSHITIJ MARWAH 01234567 Director 01/04/2018 6 yrs Approved
ANISH KESHAVLAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
RONAK KUMAR SAMANTRAY 01234567 Director 01/04/2018 6 yrs Approved
RAVICHANDRAN NAGESWARAN 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • RAVICHANDRAN NAGESWARAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2026 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
RELIANCE RETAIL VENTURES LIMITED
Subsidiaries
-
Group entities
-
Capital events
31 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
RELIANCE RETAIL VENTURES LIMITED Holding Company 74.00%
Reliance Industries Limited Holding Company 74.00%

Key managerial personnel: NITIN JAIN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 14+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
2 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
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 assessment60/100
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 record supports lending.
Investor view54/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
03 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Aug 2024
Director ceased
ANISH KESHAVLAL SHAH
12 Jan 2024
Director appointed
ANISH KESHAVLAL SHAH (Director)
07 Sep 2023
Director ceased
BALASUBRMANIAN CHANDRASEKARAN
Director ceased
RAVICHANDRAN NAGESWARAN
30 Jun 2023
Director appointed
BALASUBRMANIAN CHANDRASEKARAN (Director)
Director appointed
RAVICHANDRAN NAGESWARAN (Director)
01 Nov 2022
Securities allotted
1000000 Debentures - 10.00 cr raised
09 Aug 2022
Director ceased
RAVI NAVINCHANDRA KARIA
16 Oct 2021
Director appointed
RAVI NAVINCHANDRA KARIA (Director)
14 Sep 2021
Director ceased
HARISH MADNANI
10 Aug 2021
Securities allotted
1498550 Debentures - 14.99 cr raised
22 Jan 2021
Securities allotted
15000 Debentures - 15.00 cr raised
23 Sep 2020
Director ceased
KSHITIJ MARWAH
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
7 active director(s) / partner(s); review board churn before relying on management continuity.
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 2026 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 31 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Global Automation India Private Limited U34102KA1994PTC015989 Bangalore, Karnataka, India
Decimalpointanalytics U74140MH2001PTC130481 Mumbai, Maharashtra, India
Streebo Solutions Limited U72300GJ2011PLC068395 Ahmedabad, Gujarat, India
Datazymes Analytics Private Limited U74999KA2016PTC094712 Bangalore North, Karnataka, India
Css India Center Private Limited U72900TG2018PTC128336 Hyderabad, Telangana, India
Privatecircle U72200KA2015PTC082257 Bangalore, Karnataka, India
Haryana Knowledge U80904HR2013PLC050331 Panchkula, Haryana, India
Scalability Engineers U74999UR2014PTC012271 Dehradun, Uttarakhand, India
12

Who Uses This Report

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

Verify Nowfloats before audits and certifications: compliance score 71/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Nowfloats: 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 40/100, margin trends, ownership structure and peer set for Nowfloats - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Nowfloats pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Nowfloats - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Nowfloats an active company?

Nowfloats has MCA status “Active” with a compliance score of 71/100 (Moderate).

Is Nowfloats financially healthy?

Nowfloats has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Nowfloats?

Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Nowfloats?

The ultimate holding entity is RELIANCE RETAIL VENTURES LIMITED. 7 active director(s) are on record.

Does Nowfloats have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Nowfloats up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 71/100 (Moderate).

Is it risky to lend to Nowfloats?

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.