Thirdwave Data Systems Private Limited - Due diligence report

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

1989-07-21 Kolkata, West Bengal Active Unlisted Active Compliant
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TD Thirdwave Data Systems Private Limited
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Thirdwave Data Systems Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Thirdwave Data Systems Private Limited is assessed as Low Risk with a Trust Score of 88/100. Thirdwave Data Systems Private Limited is an active private limited indian non-government company incorporated in 1989, operating in the Financial Services 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 low compliance risk and low financial risk profile.

Report generated on 18 Jul 2026 from the latest processed filings. Thirdwave Data Systems Private Limited snapshot & full profile →

Financial Health › Strong
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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
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 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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (14.93 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DINESH PRASAD AGARWALA 01234567 Director 01/04/2018 6 yrs Approved
BHAGWATI PRASAD AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 2 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 2019)
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
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

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
Revenue acceleration: +1.42 over 4 year(s).
Operating for 36+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 14.93 cr already registered.
  • Compliance record supports lending.
Investor view78/100
Positive growth 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 12 events
27 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 May 2022
Charge created
Others - 14.93 cr
18 Jan 2018
Director ceased
APURVA AGARWAL
31 Mar 2014
Securities allotted
390000.00 Equity Shares - 39.00 Lakh raised
31 Mar 2010
Securities allotted
58000.00 Equity Shares - 17.40 Lakh raised
02 May 2008
Director ceased
PRITI BHUWANIA
Director ceased
HARI PRASAD BHUWANIA
Director ceased
SANJAY BHUWANIA
15 Apr 2008
Director appointed
DINESH PRASAD AGARWALA (Director)
Director appointed
BHAGWATI PRASAD AGARWAL (Director)
21 Jul 1989
Incorporated
Registered with Roc Kolkata
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling 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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Cosmetica India Private Limited U85320DL2018PTC336163 New Delhi, Delhi, India
Yogi Care Pharmaceutical Private Limited U51909GJ2021PTC127979 Ahmedabad, Gujarat, India
Raseel Gujral Art Legacy Private Limited U36101DL2012PTC237431 South Delhi, Delhi, India
Pace Exim Private Limited U51311DL2000PTC108249 New Delhi, Delhi, India
Limana Technologies Private Limited U32900TN2022PTC157005 Chennai, Tamil Nadu, India
S. K. Cement U26960WB2012PTC187806 Kolkata, West Bengal, India
Unique Dreams Corporate Services U72900RJ2011PTC036629 Kota, Rajasthan, India
Light Up Lifestyle Private Limited U18109DL2019PTC350199 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Thirdwave Data Systems 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 Thirdwave Data 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: Favourable lending indicators. 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 70/100, margin trends, ownership structure and peer set for Thirdwave Data Systems Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Thirdwave Data 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 Thirdwave Data Systems Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Thirdwave Data Systems Private Limited an active company?

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

Is Thirdwave Data Systems Private Limited financially healthy?

Thirdwave Data Systems Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Thirdwave Data Systems Private Limited?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Thirdwave Data Systems Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

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

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

Is Thirdwave Data Systems 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 Thirdwave Data Systems Private Limited?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Favourable lending indicators.

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.