Numerator India Private Limited - Due diligence report

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

2004-09-24 Vadodara, Gujarat Active Unlisted Active Compliant
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NI Numerator India Private Limited
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Numerator India — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Numerator India is assessed as Low Risk with a Trust Score of 86/100. Numerator India is an active private limited indian non-government company incorporated in 2004, 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 low compliance risk and low financial risk profile.

Report generated on 03 Jul 2026 from the latest processed filings. Numerator India 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
50/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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 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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 50/100
NameDIN / PANDesignationAppointedTenureDIN status
REGAN LEIGH GARRETT 01234567 Director 01/04/2018 6 yrs Approved
MANISH VIRAT 01234567 Director 01/04/2018 6 yrs Approved
SHAGUN 01234567 Director 01/04/2018 6 yrs Approved
SAI SANTOSH MHASKAR 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • MANISH VIRAT has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 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 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
Market Track Llc
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Market Track Llc Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence90/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment91/100
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 view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Jun 2022
Director ceased
REGAN LEIGH GARRETT
Director ceased
MANISH VIRAT
Director ceased
SAI SANTOSH MHASKAR
18 May 2022
Director appointed
REGAN LEIGH GARRETT (Director)
22 Mar 2022
Director appointed
MANISH VIRAT (Director)
Director appointed
SAI SANTOSH MHASKAR (Director)
30 Aug 2021
Director ceased
SUCHIT PATEL
Director ceased
SHAGUN
30 Jun 2021
Director ceased
KEVIN SCOTT HARAKAL
14 Dec 2020
Director ceased
HARI KRISHNA ALAPATI
04 Nov 2020
Director appointed
SHAGUN (Director)
02 Sep 2020
Director ceased
Komal Umeshkumar Dave
21 May 2020
Director ceased
ASHISH GHANSHYAMBHAI PATEL
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
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
Blaize U74120TG2011FTC078193 Hyderabad, Telangana, India
Finiq Consulting U74140PN2008FTC132282 Pune, Maharashtra, India
Acentra Health Software India Private Limited U72200TN2003FTC055285 Chennai, Tamil Nadu, India
Coronishealth U72900TN2013PTC169030 Saidapet, Tamil Nadu, India
Ivy Mobility U72400TN2002PTC048858 Chennai, Tamil Nadu, India
Hurix U64200MH2000PTC126681 Mumbai, Maharashtra, India
Nomura Structured Finance Services Private Limited U67190MH2008FTC178239 Mumbai, Maharashtra, India
Mfiflex Technologies Private Limited U72200KA2012PTC062376 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Numerator India before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Numerator India: 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 90/100, 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 Numerator India - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Numerator India 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 Numerator India - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Numerator India an active company?

Numerator India has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Numerator India financially healthy?

Numerator India has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Numerator India?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Numerator India?

The ultimate holding entity is Market Track Llc. 4 active director(s) are on record.

Does Numerator India have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Numerator India up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Numerator India?

Its Credit Risk Score is 90/100 (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.