Promoter holding
64.27%
PT
Panabyte Technologies Limited - Due diligence report
A 360° intelligence report on Panache Innovations: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Panache Innovations — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Panache Innovations is assessed as Moderate with a Trust Score of 65/100. Panache Innovations is an active public limited indian non-government company incorporated in 1981, operating in the Information Technology sector. It reported a loss 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 22 Jul 2026 from the latest processed filings. Panabyte 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 ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
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 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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Working-capital cover adequate.
Charges position: 2 open (2.23 cr) · 1 satisfied (35.00 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 3 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: M. Jhunjhunwala & Associates on 2016-09-26.
- Delayed payments to MSME suppliers disclosed (15 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| CHHAYA RAJENDRA BHONSLAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAKASH MAVJI VICHHIVORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HETAL MAVJI VICHHIVORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TEJASWINI CHANDRASHEKHAR MORE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH NAVRANG KANOJIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Narayan Das Mundhra | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH NAVRANG KANOJIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILESH PREMJI GALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Harshada Ashok Mohite | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- CHHAYA RAJENDRA BHONSLAY has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 director exit(s) in the last 3 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
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Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Eddy And Andy International Limited | Subsidiary Company | 74.00% |
| Panache Innovations Dmcc | Subsidiary Company | 74.00% |
Key managerial personnel: HETAL MAVJI VICHHIVORA (Whole-time director) · SUBHASH NAVRANG KANOJIYA (CFO) · SUBHASH NAVRANG KANOJIYA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 75
Growth signals & trust indicators
Operating for 45+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.13 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
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 assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 2.23 cr already registered.
- Compliance gaps should be priced into terms.
Investor view56/100
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 events23 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Jan 2025
Director ceased
CHHAYA RAJENDRA BHONSLAY
12 Nov 2024
Director appointed
CHHAYA RAJENDRA BHONSLAY (Director)
05 Nov 2024
Charge satisfied
Canara Bank
30 May 2024
Director appointed
Harshada Ashok Mohite (Company Secretary)
19 Mar 2024
Director ceased
Narayan Das Mundhra
17 Feb 2024
Director appointed
SUBHASH NAVRANG KANOJIYA (CFO)
02 Feb 2024
Director appointed
Narayan Das Mundhra (Director)
31 Jan 2024
Director appointed
SUBHASH NAVRANG KANOJIYA (CFO)
05 Jun 2023
Director appointed
PRAKASH MAVJI VICHHIVORA (Nodal Officer)
28 Sep 2022
Director ceased
TEJASWINI CHANDRASHEKHAR MORE
18 Jan 2022
Director appointed
TEJASWINI CHANDRASHEKHAR MORE (Director)
10 Nov 2021
Charge created
Canara Bank - 23.00 Lakh
21 Oct 2021
Director ceased
MEETA KAUSHAL MEHTA
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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| Gveena Packaging Private Limited | U25209MH2020PTC349308 | Nagpur, Maharashtra, India |
| Akognoslifesciences | U74999DL2015PTC288792 | Delhi, Delhi, India |
| Unidyes Chemicals Private Limited | U24114DL2001PTC110810 | New Delhi, Delhi, India |
| Empire Spirits India Private Limited | U51228DL2014PTC265843 | New Delhi, Delhi, India |
| Shukla Agencies Private Limited | U20219JK1983PTC000623 | Jammu And Kashmir, Jammu & Kashmir, India |
| Auto House India Private Limited | U15141GJ2000PTC037697 | Dist Gandhinagar, Gujarat, India |
| Noor Nishan Private Limited | U51909DL2021PTC379328 | Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Panache Innovations before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Panache Innovations: 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 45/100, 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 Panache Innovations - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Panache Innovations pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Panache Innovations - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Panache Innovations an active company?
Panache Innovations has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Panache Innovations financially healthy?
Panache Innovations has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.
Should I do business with Panache Innovations?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Panache Innovations?
Promoters hold the largest single block of equity - exact percentages are in the full report. 9 active director(s) are on record.
Does Panache Innovations have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Panache Innovations up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Panache Innovations?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
