Promoter holding
64.27%
TF
Turtlemint Fintech Solutions Limited - Due diligence report
A 360° intelligence report on Turtlemint: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Turtlemint — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Turtlemint is assessed as Moderate with a Trust Score of 72/100. Turtlemint is an active public limited indian non-government company incorporated in 2015, operating in the Internet sector. The company has shown revenue growth 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 low compliance risk and moderate financial risk profile.
Report generated on 02 Jul 2026 from the latest processed filings. Turtlemint Fintech Solutions 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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 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 (-) · 1 satisfied (20.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 2 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2023-10-12.
- Delayed payments to MSME suppliers disclosed (201 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DHIRENDRA NALIN MAHYAVANSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHUA SENGUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANUP WADHAWAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINANATH MOHANDAS DUBHASHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALOK CHANDRA MISRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAND ROHIDAS PRABHUDESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Dhirendra Nalin Mahyavanshi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Badrinarayan Sanjeevi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prashant Saini | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 6 director exits in 3 years - high churn.
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
-
Subsidiaries
1
Group entities
1
Capital events
36 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Turtlemint Mutual Funds Distributors Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: DHIRENDRA NALIN MAHYAVANSHI (CEO) · ANAND ROHIDAS PRABHUDESAI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
6 director exits within 2 years.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.16 cr.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment59/100
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 record supports lending.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events14 Aug 2025
Last AGM held
Annual general meeting
13 Aug 2025
Director ceased
MOHUA SENGUPTA
Director ceased
ANUP WADHAWAN
Director ceased
DINANATH MOHANDAS DUBHASHI
Director ceased
ALOK CHANDRA MISRA
22 Jul 2025
Director appointed
Dhirendra Nalin Mahyavanshi (Ceo)
Director appointed
Badrinarayan Sanjeevi (Cfo)
Director appointed
Prashant Saini (Company Secretary)
Director ceased
RAVI SHANKAR VENKATARAMAN GANAPATHY AGRAHARAM
21 Jul 2025
Director appointed
MOHUA SENGUPTA (Director)
Director appointed
ANUP WADHAWAN (Director)
Director appointed
DINANATH MOHANDAS DUBHASHI (Director)
Director appointed
ALOK CHANDRA MISRA (Director)
12 Jul 2025
Director appointed
DHIRENDRA NALIN MAHYAVANSHI (CEO)
11 Jul 2025
Director ceased
ANAND ROHIDAS PRABHUDESAI
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 36 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
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| Prime Graphite Private Limited | U74999MH2020PTC338822 | Nashik, Maharashtra, India |
| Avaso Tech Private Limited | U72900PB2015PTC039322 | Mohali, Punjab, India |
| Quantum Leap Learning Solutions Private Limited | U80904KA2013PTC071456 | Bangalore, Karnataka, India |
| Astro Arun Pandit Private Limited | U93010UP2022PTC161029 | Kanpur, Uttar Pradesh, India |
| Tax2Win | U74140RJ2015PTC048283 | Jaipur, Rajasthan, India |
| Simplify3X | U72900KA2016PTC092549 | Bangalore, Karnataka, India |
| Fexle Services | U72900RJ2013PTC041324 | Jaipur, Rajasthan, India |
| Khaitan | L10000WB1936PLC008775 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Turtlemint before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Turtlemint: 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: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Turtlemint - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Turtlemint 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 Turtlemint - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Turtlemint an active company?
Turtlemint has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Turtlemint financially healthy?
Turtlemint has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Turtlemint?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Turtlemint?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Turtlemint have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Turtlemint up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Turtlemint?
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.
