Simplepay Solutions Private Limited - Due diligence report

A 360° intelligence report on Simplepay Solutions Private Limited: trust score, financial health, credit view, compliance, directors, growth…

2020-07-28 Udupi, Karnataka Active Unlisted
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SS Simplepay Solutions Private Limited
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  • Full trust, health & credit-risk scores
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Simplepay Solutions Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Simplepay Solutions Private Limited is assessed as Low Risk with a Trust Score of 83/100. Simplepay Solutions Private Limited is an active private limited indian non-government company incorporated in 2020, operating in the Information Technology 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 03 Jul 2026 from the latest processed filings. Simplepay Solutions Private Limited snapshot & full profile →

Financial Health › Good
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
83/100
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
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
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 · 3 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.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

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).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
BAIKADI NARAHARI 01234567 Director 01/04/2018 6 yrs Approved
BELAVINAKODIGE MADHU SUBRAMANYA 01234567 Director 01/04/2018 6 yrs Approved
Kirthana Nayak Sujir 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
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
3
Group entities
3
Capital events
6 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Angularity Analytics Private Limited Subsidiary Company 74.00%
Noovocom Advantages Private Limited Subsidiary Company 74.00%
Simplepay Finance Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 2 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 0.86 in a year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
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 assessment69/100
Mixed indicators - deeper appraisal suggested
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 11 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Jan 2025
Director appointed
Kirthana Nayak Sujir (Company Secretary)
15 Jun 2022
Securities allotted
20344042 Equity Shares - 20.34 cr raised
28 Feb 2022
Securities allotted
3000000 Equity Shares - 3.00 cr raised
25 Jan 2022
Securities allotted
1101250 Equity Shares - 1.24 cr raised
14 Sep 2020
Securities allotted
2016400 Equity Shares - 2.02 cr raised
17 Aug 2020
Securities allotted
100000 Equity Shares - 10.00 Lakh raised
28 Jul 2020
Incorporated
Registered with Roc Bangalore
Director appointed
BAIKADI NARAHARI (Director)
Director appointed
BELAVINAKODIGE MADHU SUBRAMANYA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 2 financial year(s).
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2023 annual return.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Linsys Innovations Private Limited U73200KL2019PTC056918 Pattimattam, Kerala, India
App Avengers U74999GJ2018PTC100368 Ahmedabad, Gujarat, India
Advitech Technologies Private Limited U72900KL2016PTC045507 Trivandrum, Kerala, India
3E Software Solutions U72200AP2014PTC094568 Nellore, Andhra Pradesh, India
Plutonic Services U72502DL2019PTC345110 East Delhi, Delhi, India
Aatral U93090TN2017PTC116195 Chennai, Tamil Nadu, India
Duesta Technologies Private Limited U72900KA2011PTC058760 Bangalore, Karnataka, India
Joyra Systems Private Limited U72900TN2021PTC146569 Nagercoil, Tamil Nadu, India
12

Who Uses This Report

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

Verify Simplepay Solutions Private Limited 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 Simplepay Solutions Private Limited: 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 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 85/100, margin trends, ownership structure and peer set for Simplepay Solutions Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Simplepay Solutions Private Limited 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 Simplepay Solutions Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Simplepay Solutions Private Limited an active company?

Simplepay Solutions Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Simplepay Solutions Private Limited financially healthy?

Simplepay Solutions Private Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Simplepay Solutions Private Limited?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Simplepay Solutions Private Limited?

Promoters hold a minority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Simplepay Solutions Private Limited have loans or charges against its assets?

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

Is Simplepay Solutions Private Limited 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 Simplepay Solutions Private Limited?

Its Credit Risk Score is 55/100 (Moderate). 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.