Promoter holding
64.27%
SL
Spykar Lifestyles Private Limited - Due diligence report
A 360° intelligence report on Spykar: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Spykar — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Spykar is assessed as Low Risk with a Trust Score of 76/100. Spykar is an active private limited indian non-government company incorporated in 1998, 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 moderate compliance risk and low financial risk profile.
Report generated on 02 Jul 2026 from the latest processed filings. Spykar Lifestyles Private 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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 (BBB-).
Charges position: 7 open (435.42 cr) · 24 satisfied (372.65 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 2 | 48.0 cr |
| Yes Bank Limited | 4 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| 1 | 48.0 cr | |
| Union Bank Of India | 3 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: R J GALA & ASSOCIATES, CA on 2020-03-09.
- Delayed payments to MSME suppliers disclosed (20 disclosure(s)).
- 20 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRASAD GHANSHYAM DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVINI PREMCHAND SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UDAY SINGH SINGHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAN MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY NAVIN VAKHARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYANTA KUMAR SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- RAJAN MITTAL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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 2024 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
Metdist Industries Holdings Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Metdist Industries Holdings Limited | Holding Company | 74.00% |
Key managerial personnel: SANJAY NAVIN VAKHARIA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
7 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.28 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 435.42 cr already registered.
- Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Charge created
Axis Bank Limited - 40.00 cr
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2024
Share transfer (FY 2024)
297150.00000000 shares to Sanjay Navinchandra Vakharia
27 Mar 2023
Charge created
Others - 48.00 cr
03 Jun 2022
Charge created
Yes Bank Limited - 8.81 cr
28 Dec 2021
Charge created
Yes Bank Limited - 8.81 cr
30 Jul 2018
Charge created
Yes Bank Limited - 82.40 cr
26 Apr 2018
Charge satisfied
State Bank Of India
18 Apr 2018
Charge created
Yes Bank Limited - 82.40 cr
30 Dec 2017
Charge created
Others - 165.00 cr
23 Jun 2017
Director ceased
JAYANTA KUMAR SINHA
31 Mar 2017
Share transfer (FY 2017)
1806750.00000000 shares to Industries Metdist
15 Mar 2017
Director appointed
JAYANTA KUMAR SINHA (Director)
31 Dec 2016
Director ceased
SUBRATA KUMAR ATINDRA MITRA
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.
6 active director(s) / partner(s); review board churn before relying on management continuity.
20 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Veritaz Healthcare | U24232TG2007PLC052901 | Hyderabad, Telangana, India |
| Pravesha | U29219HR1993PTC137431 | Manesar, Haryana, India |
| Oasis Ethanol Industries Private Limited | U15202HR2018PTC072830 | Ambala, Haryana, India |
| Alaknanda Balmukund Ispat Private Limited | U27100WB2010PTC142638 | Circus Avenue, West Bengal, India |
| Procmart | U74120UP2015PTC074758 | Noida, Uttar Pradesh, India |
| Serum Institute Life Sciences Private Limited | U24290PN2020PTC191301 | Pune, Maharashtra, India |
| Dindayal Jalan Textiles Private Limited | U17120MH1993PTC070354 | Mumbai, Maharashtra, India |
| Bindal Stainless Limited | U27100DL2020PLC374029 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spykar before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spykar: 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 85/100, margin trends, ownership structure and peer set for Spykar - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Spykar pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Spykar - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spykar an active company?
Spykar has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Spykar financially healthy?
Spykar has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Spykar?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spykar?
The ultimate holding entity is Metdist Industries Holdings Limited. 6 active director(s) are on record.
Does Spykar have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 24 earlier charge(s) stand satisfied.
Is Spykar up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Spykar?
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.
