Popspace Technologies Private Limited - Due diligence report

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

2021-07-13 Bangalore North, Karnataka Active Unlisted Active Compliant
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PT Popspace Technologies 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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Litestore — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Litestore is assessed as Low Risk with a Trust Score of 77/100. Litestore is an active private limited indian non-government company incorporated in 2021, operating in the Financial Services sector. The company has shown revenue growth 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 19 Jul 2026 from the latest processed filings. Popspace Technologies 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
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 1 open (15.00 cr) · 1 satisfied (3.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Standard Chartered Bank1 48.0 cr
Others1 48.0 cr
Compliance Score: 82/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 auditor resignation(s) filed - latest: Phillipos & Co. on 2023-06-21.
  • Delayed payments to MSME suppliers disclosed (18 disclosure(s)).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MANDAR CHANDRASHEKHAR DANDEKAR 01234567 Director 01/04/2018 6 yrs Approved
MAHENDRAN BALACHANDRAN 01234567 Director 01/04/2018 6 yrs Approved
PUNEET DINESH 01234567 Director 01/04/2018 6 yrs Approved
TARUN SUNDARAM 01234567 Director 01/04/2018 6 yrs Approved
Srinivasan Raghunandhan 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 4 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 5 years.
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 0.86 in a year.
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 5.70 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 15.00 cr already registered.
  • Compliance record supports lending.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
23 Sep 2025
Last AGM held
Annual general meeting
09 Jul 2025
Director appointed
Srinivasan Raghunandhan (Additional Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Mar 2025
Charge created
Standard Chartered Bank - 15.00 cr
03 Feb 2025
Charge satisfied
Others
07 Dec 2024
Director appointed
MANDAR CHANDRASHEKHAR DANDEKAR (Nominee Director)
07 Oct 2024
Director appointed
MAHENDRAN BALACHANDRAN (Nominee Director)
30 Jul 2024
Charge created
Others - 3.00 cr
31 Mar 2023
Share transfer (FY 2023)
16858.00000000 shares to Mr. S Raghunandan
Share transfer (FY 2023)
16858.00000000 shares to Raghunandan
Share transfer (FY 2023)
2500.00000000 shares to Puneet Dinesh
Share transfer (FY 2023)
2500.00000000 shares to Tarun Sundaram
20 Dec 2022
Director ceased
PUNEET DINESH
29 Mar 2022
Director ceased
Pranav Agrawal
28 Mar 2022
Securities allotted
94000 Equity Shares - 9.40 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 1 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sara Builders And Developers Private Limited U70109KA2020PTC141212 Mysore, Karnataka, India
Gee S R Infra Builders Private Limited U70102UP2013PTC057293 Lucknow, Uttar Pradesh, India
Shree Realty Enterprises Private Limited U70200TN2021PTC142155 Chennai, Tamil Nadu, India
Iqbal Properties Pvt Ltd U74899DL1981PTC009331 New Delhi, Delhi, India
Malnad Property Holdings Private Limited U70100KA2016PTC097422 Bangalore, Karnataka, India
Future Foundations Private Limited U70101KL1995PTC008608 Thiruvanathapuram, Kerala, India
Atia Estates Private Limited U70102WB2013PTC194882 Kolkata, West Bengal, India
Saurabh Textiles Pvt Ltd U24319DL1982PTC014232 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Litestore before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Litestore: 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: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Litestore - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Litestore 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 Litestore - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Litestore an active company?

Litestore has MCA status “Active” with a compliance score of 82/100 (Low Risk).

Is Litestore financially healthy?

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

Should I do business with Litestore?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Litestore?

Promoters hold a majority stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Litestore have loans or charges against its assets?

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

Is Litestore up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).

Is it risky to lend to Litestore?

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.