Vay Network Services Private Limited - Due diligence report

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

2016-06-16 Pune, Maharashtra Active Unlisted Active Compliant
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VN Vay Network Services Private Limited
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Vay Network — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Vay Network is assessed as Moderate with a Trust Score of 72/100. Vay Network is an active private limited indian non-government company incorporated in 2016, operating in the Information Technology 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 26 Jul 2026 from the latest processed filings. Vay Network Services Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
63/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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.

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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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

Charges position: 0 open (-) · 2 satisfied (68.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Compliance Score: 63/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: B S R & Co. LLP on 2024-01-09.
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 3 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
KANNAN RAMASAMY 01234567 Director 01/04/2018 6 yrs Approved
MANPREET RATIA 01234567 Director 01/04/2018 6 yrs Approved
RAMASWAMY NARAYANAN IYER 01234567 Director 01/04/2018 6 yrs Approved
MEENAKSHI SUNDARAM 01234567 Director 01/04/2018 6 yrs Approved
Ruddhi Lalitkumar Deshpande 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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
3
Group entities
3
Capital events
16 allotment(s) · 17 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Hylobiz Challenger Private Limited Subsidiary Company 74.00%
Vayana (ifsc) Private Limited Subsidiary Company 74.00%
Vayana Network Inc. Subsidiary Company 74.00%
Vayana Network Pte Ltd Subsidiary Company 74.00%
Rubix Data Sciences Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 0.86 in a year.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 11,701.00.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
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 assessment58/100
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 view73/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
21 Aug 2025
Charge satisfied
Others
07 Jan 2025
Director appointed
Ruddhi Lalitkumar Deshpande (Company Secretary)
31 Dec 2024
Director ceased
Henish Sutaria
31 Mar 2024
Latest balance sheet
Filed with ROC
10 Oct 2023
Charge satisfied
Others
31 Mar 2023
Share transfer (FY 2023)
113250.00000000 shares to Jungle Leaders I Pte Ltd
Share transfer (FY 2023)
25875.00000000 shares to Jungle Leaders I Pte Ltd
Share transfer (FY 2023)
7500.00000000 shares to Jungle Leaders I Pte Ltd
Share transfer (FY 2023)
6625.00000000 shares to Jungle Leaders I Pte Ltd
Share transfer (FY 2023)
5000.00000000 shares to Jungle Leaders I Pte Ltd
Share transfer (FY 2023)
10000.00000000 shares to Jungle Leaders I Pte Ltd
16 Feb 2023
Charge created
Others - 60.00 cr
23 Sep 2022
Securities allotted
55000 Equity Shares - 1.10 Lakh raised
11 Jul 2022
Securities allotted
113250 Equity Shares - 2.27 Lakh raised
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 - manageable leverage.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 16 security allotment(s) - amounts available in the full report.
24 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Walking Tree Ventures Private Limited U36999MH2016PTC281439 Mumbai, Maharashtra, India
Mn Ventures Private Limited U51909DL2010PTC432395 New Delhi, Delhi, India
Celagenex Research (India) Private Limited U36997MH2019PTC331430 Thane, Maharashtra, India
Shubheksha Advisors Private Limited U74999UP2018PTC103992 Noida, Uttar Pradesh, India
Aatash Norcontrol Ltd. U31903GJ2006PLC049200 Ahmedabad, Gujarat, India
Infotel Access Enterprises Private Limited U51909HR2010PTC087156 Galleria Dlf-Iv, Haryana, India
Remcl U93000DL2013GOI256661 Delhi, Delhi, India
Veolia U37100DL2000PTC108832 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Vay Network before audits and certifications: compliance score 63/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vay Network: 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 85/100, margin trends, ownership structure and peer set for Vay Network - 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 Vay Network 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 Vay Network - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vay Network an active company?

Vay Network has MCA status “Active” with a compliance score of 63/100 (Moderate).

Is Vay Network financially healthy?

Vay Network has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Vay Network?

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 Vay Network?

Promoters hold the largest single block of equity - exact percentages are in the full report. 5 active director(s) are on record.

Does Vay Network have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Vay Network up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 63/100 (Moderate).

Is it risky to lend to Vay Network?

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.