Promoter holding
64.27%
S&
Spectra & Star Convergence Limited - Due diligence report
A 360° intelligence report on Spectra & Star Convergence Limited: trust score, financial health, credit view, compliance, directors, growth …
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Spectra & Star Convergence Limited — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Spectra & Star Convergence Limited is assessed as Low Risk with a Trust Score of 86/100. Spectra & Star Convergence Limited is an active public limited indian non-government company incorporated in 2010, operating in the Information Technology sector. 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 07 Aug 2026 from the latest processed filings. Spectra & Star Convergence 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
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A3).
Charges position: 10 open (319.90 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Limited | 3 | 48.0 cr |
| Others | 2 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Tata Capital Financial Services Limited | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 81/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 1 court forum(s).
- 4 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RANI SINDWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAUTAM KAPUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT SINDWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KARAN SINDWANI | 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.
- Average tenure above 5 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
4 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: RANI SINDWANI (Whole-time director) · AMIT SINDWANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Operating for 16+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
10 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 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.
- 10 open charge(s) of 319.90 cr already registered.
- Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events26 Jun 2025
Charge created
Others - 27.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
10 Jan 2023
Charge created
Axis Bank Limited - 85.00 cr
29 Aug 2022
Charge created
Others - 25.00 cr
12 May 2022
Charge created
Axis Bank Limited - 10.00 cr
28 Oct 2021
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 37.00 cr
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 8.90 cr
16 Aug 2019
Charge created
Hdfc Bank Limited - 40.00 cr
30 Nov 2018
Director ceased
POONAM SHARMA
28 Sep 2018
Director ceased
RANI SINDWANI
20 Jun 2018
Charge created
Axis Bank Limited - 50.00 cr
18 Apr 2018
Director appointed
RANI SINDWANI (Whole-time director)
25 Oct 2014
Director appointed
GAUTAM KAPUR (Director)
Director appointed
SANDEEP KUMAR (Director)
10
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.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
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.
4 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 from Crisil.
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 4 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Lunia Marketing Private Limited | U51109WB1998PTC088235 | Kolkata, West Bengal, India |
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| Mohan Mutha Exports | U74999TN2006PTC059050 | Perambur Purasawalkam, Tamil Nadu, India |
| Khushboo Diamond Private Limited | U52393MH2007PTC174434 | Mumbai, Maharashtra, India |
| Rishi Shipping India Private Limited | U63000GJ2019PTC109336 | Gandhidham, Gujarat, India |
| Ramesh Iron And Steel Company India Private Limited | U27106TZ2009PTC015220 | Coimbatore, Tamil Nadu, India |
| Sidhhartha Corporation Private Limited | U93030MH2011PTC212831 | Navi Mumbai, Maharashtra, India |
| Longulf Trading (India) Private Limited | U74999MH1996PTC099287 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spectra & Star Convergence Limited before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spectra & Star Convergence 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Spectra & Star Convergence Limited - 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 Spectra & Star Convergence Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Spectra & Star Convergence Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spectra & Star Convergence Limited an active company?
Spectra & Star Convergence Limited has MCA status “Active” with a compliance score of 81/100 (Low Risk).
Is Spectra & Star Convergence Limited financially healthy?
Spectra & Star Convergence Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Spectra & Star Convergence Limited?
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 Spectra & Star Convergence Limited?
Promoters hold a majority stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Spectra & Star Convergence Limited have loans or charges against its assets?
10 open charge(s) are registered against its assets.
Is Spectra & Star Convergence Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).
Is it risky to lend to Spectra & Star Convergence Limited?
Its Credit Risk Score is 40/100 (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.
