Promoter holding
64.27%
ST
Sancode Technologies Limited - Due diligence report
A 360° intelligence report on Z Nation Lab: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Z Nation Lab — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Z Nation Lab is assessed as Low Risk with a Trust Score of 86/100. Z Nation Lab is an active public limited indian non-government company incorporated in 2016, 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 moderate financial risk profile.
Report generated on 27 Jun 2026 from the latest processed filings. Sancode 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 ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 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: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 active GST registration(s).
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Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KUSH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUMESH ASHOK MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MIHIR DEEPAK VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESHKUMAR DEVICHAND JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT VIJAY JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AYUSHI MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJANA SANJEEV SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 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
-
Subsidiaries
-
Group entities
-
Capital events
16 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Zsolt Ventures Llc | Subsidiary Company | 74.00% |
| Znl Management Llp | Subsidiary Company | 74.00% |
| Dhruva Advisors Usa, Inc | Subsidiary Company | 74.00% |
Key managerial personnel: MIHIR DEEPAK VORA (CFO) · SANJANA SANJEEV SHAH (CFO)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 80 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 10+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 0.86 in a year.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence85/100
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 assessment86/100
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 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 events29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Mar 2023
Director ceased
MIHIR DEEPAK VORA
Director ceased
AMIT VIJAY JAIN
04 Mar 2023
Director appointed
SANJANA SANJEEV SHAH (CFO)
10 Feb 2023
Director ceased
NEHA VIJAY JAIN
Director ceased
KHUSHBOO JAIN
05 Jan 2023
Director appointed
KUSH GUPTA (Director)
Director appointed
SUMESH ASHOK MISHRA (Director)
Director appointed
MIHIR DEEPAK VORA (CFO)
Director appointed
MUKESHKUMAR DEVICHAND JAIN (Director)
Director appointed
AMIT VIJAY JAIN (Director)
Director appointed
AYUSHI MISHRA (Director)
11 Nov 2022
Securities allotted
12090 Equity Shares - 1.21 Lakh raised
20 Feb 2020
Securities allotted
1906 Preference Shares - 49.99 Lakh raised
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Key Observations
Auto-generated from the data aboveRevenue 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.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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.
Capital has been raised through 16 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Risksek Private Limited | U72200TG2021PTC149631 | Hyderabad, Telangana, India |
| Viricyate Technologies Private Limited | U72900UP2020PTC135316 | Noida, Uttar Pradesh, India |
| Vfs India Services Private Limited | U74999MH2011PTC215894 | Mumbai, Maharashtra, India |
| Sunxray Energy Private Limited | U29100RJ2020PTC070710 | Jaipur, Rajasthan, India |
| Prathima Eggsel Private Limited | U05005TG1995PTC021411 | Hyderabad, Telangana, India |
| Pestech Solutions Private Limited | U74999DL2022PTC395665 | Delhi, Delhi, India |
| Prv Id Solutions Private Limited | U74999DL2017PTC317689 | Delhi, Delhi, India |
| Condaco India Private Limited | U74999MH2022FTC385908 | Navi Mumbai, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Z Nation Lab 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 Z Nation Lab: 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 80/100, margin trends, ownership structure and peer set for Z Nation Lab - 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 Z Nation Lab 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 Z Nation Lab - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Z Nation Lab an active company?
Z Nation Lab has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Z Nation Lab financially healthy?
Z Nation Lab has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Z Nation Lab?
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 Z Nation Lab?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.
Does Z Nation Lab have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Z Nation Lab 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 Z Nation Lab?
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.
