Recode Studios Limited - Due diligence report

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

2021-06-16 Ludhiana, Punjab Active Unlisted Active Compliant
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RS Recode Studios Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Recode Studios — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Recode Studios is assessed as Low Risk with a Trust Score of 82/100. Recode Studios is an active public limited indian non-government company incorporated in 2021, 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 16 Jul 2026 from the latest processed filings. Recode Studios 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 55/100 Moderate
  • 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.
  • Profitable - internal accruals available.

Charges position: 6 open (5.26 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Hdfc Bank Limited3 48.0 cr
Others2 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 4 active GST registration(s).
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
MANOJ KUMAR 01234567 Director 01/04/2018 6 yrs Approved
RAHUL SACHDEVA 01234567 Director 01/04/2018 6 yrs Approved
DHEERAJ BANSAL 01234567 Director 01/04/2018 6 yrs Approved
Karan Bansal 01234567 Director 01/04/2018 6 yrs Approved
Naveen Gupta 01234567 Director 01/04/2018 6 yrs Approved
SARAT KUMAR MISHRA 01234567 Director 01/04/2018 6 yrs Approved
MUKTA AHUJA 01234567 Director 01/04/2018 6 yrs Approved
Shalini Trehan 01234567 Director 01/04/2018 6 yrs Approved
Shelly Bansal 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • MANOJ KUMAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 8 director exits in 3 years - high churn.
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
0 allotment(s) · 2 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: RAHUL SACHDEVA (CEO) · DHEERAJ BANSAL (Managing Director) · Karan Bansal (Whole-time director) · Shelly Bansal (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
8 director exits within 2 years.
6 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 5.26 cr already registered.
  • Compliance record supports lending.
Investor view92/100
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
30 Nov 2025
Director ceased
RAHUL SACHDEVA
30 Sep 2025
Last AGM held
Annual general meeting
26 Aug 2025
Director ceased
MANOJ KUMAR
Director ceased
Naveen Gupta
Director ceased
SARAT KUMAR MISHRA
Director ceased
Shalini Trehan
Director ceased
Shelly Bansal
25 Aug 2025
Director appointed
Naveen Gupta (Director)
Director appointed
MUKTA AHUJA (Company Secretary)
Director appointed
Shalini Trehan (Director)
14 Aug 2025
Director appointed
MANOJ KUMAR (Director)
Director appointed
SARAT KUMAR MISHRA (Director)
29 Jul 2025
Charge created
Others - 25.00 Lakh
23 Jul 2025
Director appointed
Shelly Bansal (Whole-time director)
09 Jul 2025
Director ceased
DHEERAJ BANSAL
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 1 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); review board churn before relying on management continuity.
4 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Dhusan Motors Private Limited U50402KL2019PTC057980 Kannur, Kerala, India
Sthira Projects & Avenues Private Limited U70100TG2013PTC086768 Rangareddi, Telangana, India
Suman Ind-Agro Sales Private Limited U52397CT2010PTC022139 Raigarh, Chattisgarh, India
Eva Soft Private Limited U72900DL2017PTC318671 New Delhi, Delhi, India
Ambay Motors Private Limited U50100DL2014PTC272088 New Delhi, Delhi, India
Purple Turtles U74999KA2012PTC065951 Bangalore, Karnataka, India
Etah Motors Private Limited U52100UP2007PTC033622 Etah, Uttar Pradesh, India
Beekay Autocorp Private Limited U34103WB2004PTC100051 Siliguri, West Bengal, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Recode Studios: 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 95/100, margin trends, ownership structure and peer set for Recode Studios - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Recode Studios 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 Recode Studios - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Recode Studios an active company?

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

Is Recode Studios financially healthy?

Recode Studios has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Recode Studios?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Recode Studios?

Promoters hold the largest single block of equity - exact percentages are in the full report. 9 active director(s) are on record.

Does Recode Studios have loans or charges against its assets?

6 open charge(s) are registered against its assets.

Is Recode Studios up to date with its ROC filings?

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

Is it risky to lend to Recode Studios?

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.