Ncore Games - Due diligence report

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

2019-04-01 Bangalore South, Karnataka Active Unlisted Active Compliant
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Ncore Games — 360° Intelligence Report

Generated from MCA filings & public records
62/100
Trust Score
Moderate

Ncore Games is assessed as Moderate with a Trust Score of 62/100. Ncore Games is an active private limited indian non-government company incorporated in 2019, operating in the Internet sector. Reported revenue has declined 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 moderate compliance risk and high financial risk profile.

Report generated on 10 Oct 2026 from the latest processed filings. Studio Ncore Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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 ScoreModerate
62/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
63/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 63/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: PKF SRIDHAR & SANTHANAM LLP on 2022-08-10.
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
KAMAL CHANDRAN 01234567 Director 01/04/2018 6 yrs Approved
Sachin Janghel 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

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
Ncore Games Inc
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Ncore Games Inc Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 50
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 8.04 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence59/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment50/100
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 gaps should be priced into terms.
Investor view48/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 11 events
08 Jan 2026
Director appointed
Sachin Janghel (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Nov 2024
Director ceased
KAMAL CHANDRAN
29 Mar 2024
Director ceased
GIRISH NARANG
27 Mar 2024
Director appointed
KAMAL CHANDRAN (Director)
30 Nov 2023
Director ceased
DAYANIDHI GANGADHARAIAH MALAGONDANAHALLY
30 Dec 2020
Director ceased
TEJRAJ PARAB VIJAY
22 Dec 2020
Director ceased
GANESH HANDHATT HANDE
30 Oct 2020
Director ceased
THARA BABY JACOB
01 Apr 2019
Incorporated
Registered with Roc Bangalore
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 3 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mindcreadz Private Limited U62090KA2023PTC179565 Bangaluru, Karnataka
Heliuspower Private Limited U40300KA2016PTC086181 Bangaluru, Karnataka
STAREMKRAFT LLP AAQ-4074 Bangalore, Karnataka
Costal Hospitality Private Limited U55101KA2022PTC162691 Bangaluru, Karnataka
Relex Healthcare Services India Private Limited U52100KA2019PTC124644 Bangaluru, Karnataka
Yosignup Training Private Limited U74995KA2018PTC112646 Bangaluru, Karnataka
Pingala Securities Advisory Private Limited U74110KA2016PTC094478 Bangalore, Karnataka
Cucina Food Labs Private Limited U55101KA2017PTC103087 Bangaluru, Karnataka
KEEPSL TECHNOLOGIES LLP ABC-3644 Bangalore, Karnataka
Commerzpoint Networks Private Limited U74900KA2013PTC069817 Bangalore, Karnataka
12

Who Uses This Report

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

Verify Ncore Games before audits and certifications: compliance score 63/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ncore Games: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Ncore Games - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 62/100, distress signals and MSME payment-delay disclosures - know whether Ncore Games 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 Ncore Games - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ncore Games an active company?

Ncore Games has MCA status “Active” with a compliance score of 63/100 (Moderate).

Is Ncore Games financially healthy?

Ncore Games has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Ncore Games?

Its overall Trust Score is 62/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ncore Games?

The ultimate holding entity is Ncore Games Inc. 2 active director(s) are on record.

Does Ncore Games have loans or charges against its assets?

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

Is Ncore Games up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 63/100 (Moderate).

Is it risky to lend to Ncore Games?

Its Credit Risk Score is 50/100 (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.