Testamatic Systems Private Limited - Due diligence report

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

2013-09-19 Bangalore, Karnataka Active Unlisted Active Compliant
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Testamatic Systems Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

Testamatic Systems Private Limited is assessed as Moderate with a Trust Score of 60/100. Testamatic Systems Private Limited is an active private limited indian non-government company incorporated in 2013, 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 high compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Testamatic Systems Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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 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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 2 open (1.10 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Yes Bank Limited1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • 3 auditor resignation(s) filed - latest: ANIL D'SOUZA AND ASSOCIATES on 2023-09-26.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
JAGADESH NINGAPPA 01234567 Director 01/04/2018 6 yrs Approved
Vasanth Kumar 01234567 Director 01/04/2018 6 yrs Approved
GOPALAN SANJAY PUSHPANGADAN 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • JAGADESH NINGAPPA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
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 2024 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
-
Group entities
-
Capital events
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 12+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 0.86 in a year.
Compliance score is weak (48/100).
2 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 1.10 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view62/100
Mixed 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 10 events
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Vasanth Kumar
13 Jun 2024
Director appointed
Vasanth Kumar (Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Dec 2020
Charge created
Others - 80.00 Lakh
13 Jun 2017
Charge created
Yes Bank Limited - 30.00 Lakh
10 Jan 2017
Director ceased
ARAVINDA TANTRADY SHARMA
19 Sep 2013
Incorporated
Registered with Roc Bangalore
Director appointed
JAGADESH NINGAPPA (Director)
Director appointed
GOPALAN SANJAY PUSHPANGADAN (Director)
10

Key Observations

Auto-generated from the data above
Revenue 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.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rudra Cybersecurity Private Limited U74999MH2021PTC368862 Mumbai, Maharashtra, India
Camel Farms And Finance Private Limited U01122DL1996PTC076559 Shahdara, Delhi, India
Straightarc Technologies Private Limited U72900RJ2021PTC075325 Udaipur, Rajasthan, India
Smarter Biz U72200KA2014PTC073582 Bangalore South, Karnataka, India
Nitsan Technologies Private Limited U72300GJ2014PTC079676 Bhavnagar, Gujarat, India
Vaanam Technology U72200TZ2012PTC018286 Coimbatore, Tamil Nadu, India
Digitize Things Software Systems Private Limited U72200KA2021FTC147732 Bangalore, Karnataka, India
Sign3 U72900HR2021PTC099903 Gurgaon, Haryana, India
12

Who Uses This Report

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

Verify Testamatic Systems Private Limited before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Testamatic Systems 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: Enhanced diligence advised. Credit risk score 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Testamatic Systems Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Testamatic Systems 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 Testamatic Systems Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Testamatic Systems Private Limited an active company?

Testamatic Systems Private Limited has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Testamatic Systems Private Limited financially healthy?

Testamatic Systems Private Limited has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Testamatic Systems Private Limited?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Testamatic Systems Private Limited?

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

Does Testamatic Systems Private Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Testamatic Systems Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Testamatic Systems Private Limited?

Its Credit Risk Score is 30/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.