Topsgrup Electronic Systems Limited - Due diligence report

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

1995-09-26 Mumbai, Maharashtra Strike Off Unlisted Active Non-Compliant
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Tops Security — 360° Intelligence Report

Generated from MCA filings & public records
49/100
Trust Score
Caution Indicated

Tops Security is assessed as Caution Indicated with a Trust Score of 49/100. Tops Security is a public limited indian non-government company incorporated in 1995, operating in the Information Technology 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 high compliance risk and moderate financial risk profile.

Report generated on 05 Aug 2026 from the latest processed filings. Topsgrup Electronic Systems Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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.

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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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

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

Compliance Score: 5/100 Caution Indicated
  • Company status is "Strike Off" - not Active.
  • Marked ACTIVE non-compliant (INC-22A).
  • Last balance sheet is for Mar 2017 - filings overdue.
  • Flagged by authority: NCLT.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SADANAND LAXMAN SHETTY 01234567 Director 01/04/2018 6 yrs Approved
OMKAR GURUNATH MALDIKAR 01234567 Director 01/04/2018 6 yrs Approved
RAMESH RAMAKRISHNAN IYER 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2017 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
Topsgrup Services And Solutions Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Topsgrup Services And Solutions Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 30+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (5/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence29/100
Caution indicated
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 assessment45/100
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.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
14 Jun 2018
Director appointed
SADANAND LAXMAN SHETTY (Additional Director)
Director ceased
RANDHIR CHANDER NANDA
Director ceased
RAHUL RANDHIR NANDA
29 Dec 2017
Director ceased
OMKAR GURUNATH MALDIKAR
Last AGM held
Annual general meeting
25 May 2017
Director appointed
OMKAR GURUNATH MALDIKAR (Director)
31 Mar 2017
Latest balance sheet
Filed with ROC
01 Oct 2014
Director ceased
RAJENDRAKUMAR GHANATE
01 Jan 2013
Director ceased
AMAR PANGHAL MAHAVIR SINGH
19 Feb 2010
Securities allotted
35410 Equity Shares Without Differential Rights - 3.54 cr raised
29 Sep 2009
Director ceased
RAMESH RAMAKRISHNAN IYER
03 Sep 2009
Director appointed
RAMESH RAMAKRISHNAN IYER (Director)
13 Aug 2009
Securities allotted
1246010 Equity Shares Without Differential Rights - 124.60 cr raised
16 Jan 2009
Securities allotted
2175 Equity Shares Without Differential Rights - 21.75 Lakh raised
08 Dec 2008
Director ceased
SUNITA RANDHIR NANDA
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Inditron India Electronics Private Limited U32209KA2010PTC056454 Bangaore, Karnataka, India
Macro Tech Private Limited U30009GJ1992PTC018672 Ahmadabad City, Gujarat, India
Xsisemiconductors U31908KA2012PTC066823 Bangalore, Karnataka, India
Pensar Solutions Private Limited U72900MP2012PTC033978 Gwalior, Madhya Pradesh, India
Arihant Microsystem Private Limited U72300DL2007PTC166023 New Delhi, Delhi, India
Ncvt U72900GJ2007PTC051555 Ahmedabad, Gujarat, India
Supersync Technologies Private Limited U51109RJ2015PTC047382 Jaipur, Rajasthan, India
Krupa Hi-Tech Global Technologies India Private Limited U72200TG2013PTC086488 Hyderabad, Telangana, India
12

Who Uses This Report

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

Verify Tops Security before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Tops Security: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Tops Security - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Tops Security 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 Tops Security - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Tops Security an active company?

Tops Security has MCA status “Strike Off” with a compliance score of 5/100 (Caution Indicated).

Is Tops Security financially healthy?

Tops Security has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Tops Security?

Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Tops Security?

The ultimate holding entity is Topsgrup Services And Solutions Limited. 3 active director(s) are on record.

Does Tops Security have loans or charges against its assets?

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

Is Tops Security up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Tops Security?

Its Credit Risk Score is 60/100 (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.