Promoter holding
64.27%
VT
Valuedrive Technologies Private Limited - Due diligence report
A 360° intelligence report on Spinny: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Spinny — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Spinny is assessed as Low Risk with a Trust Score of 76/100. Spinny is an active private limited indian non-government company incorporated in 2019, operating in the E-Commerce 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 moderate compliance risk and moderate financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Valuedrive Technologies Private 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 ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
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 ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 3 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: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 11 open (1,019.00 cr) · 40 satisfied (416.56 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 45 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (7 disclosure(s)).
- 20 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MUKUL ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIRAJ SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAND DANIEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONAL SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMANSHU MAHAUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHIT GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Neeraj Arora | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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 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
4
Group entities
4
Capital events
48 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Northcred Services Private Limited | Subsidiary Company | 74.00% |
| Quixote Automotive Technologies Private Limited | Subsidiary Company | 74.00% |
| Spinny Capital Private Limited | Subsidiary Company | 74.00% |
| Spinny Insurance Broker Private Limited | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 2 year(s).
Latest year revenue grew 2.1x.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 24% in a year.
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.36 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
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 assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 1,019.00 cr already registered.
- Compliance record supports lending.
Investor view76/100
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 events24 Oct 2025
Director appointed
Neeraj Arora (Nominee Director)
27 Aug 2025
Last AGM held
Annual general meeting
21 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Oct 2024
Charge satisfied
Others
21 Aug 2024
Charge satisfied
Others
13 Jun 2024
Charge satisfied
Others
21 Mar 2024
Charge satisfied
Others
27 Feb 2024
Charge satisfied
Others
11 Sep 2023
Charge created
Yes Bank Limited - 60.00 cr
19 Jul 2023
Charge satisfied
Others
19 May 2023
Charge created
Others - 50.00 cr
24 Apr 2023
Charge satisfied
Others
11 Apr 2023
Charge created
Hdfc Bank Limited - 100.00 cr
31 Mar 2023
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 2 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
20 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 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 48 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Tegral India Private Limited | U25209MH1995PTC091368 | Mumbai, Maharashtra, India |
| Keihin Fie | U74999PN1999PTC013837 | Pune, Maharashtra, India |
| Gmmco | U35202WB1966PLC026980 | Kolkata, West Bengal, India |
| Mitsubishi Electric India Private Limited | U51909DL2010FTC227827 | New Delhi, Delhi, India |
| Jaguar Land Rover India Limited | U34200MH2012FLC237194 | Mumbai, Maharashtra, India |
| Sanghavi Bullion Private Limited | U74900MH2007PTC175516 | Mumbai, Maharashtra, India |
| Kiranakart | U46909MH2020PLC351339 | Mumbai, Maharashtra, India |
| Sree Behariji Mills Private Limited | U15310BR1940PTC002905 | Patna, Bihar, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Spinny before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Spinny: 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 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 80/100, margin trends, ownership structure and peer set for Spinny - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Spinny pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Spinny - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Spinny an active company?
Spinny has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Spinny financially healthy?
Spinny has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Spinny?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Spinny?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Spinny have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 40 earlier charge(s) stand satisfied.
Is Spinny up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Spinny?
Its Credit Risk Score is 55/100 (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.
