Promoter holding
64.27%
VS
Veefin Solutions Limited - Due diligence report
A 360° intelligence report on Veefin: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Veefin — 360° Intelligence Report
Generated from MCA filings & public records85/100
Trust Score
Low Risk
Veefin is assessed as Low Risk with a Trust Score of 85/100. Veefin is an active public limited indian non-government company incorporated in 2020, operating in the Printing & Publishing 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 01 Aug 2026 from the latest processed filings. Veefin 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 ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
90/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 4 open (120.00 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 4 | 48.0 cr |
Compliance Score: 90/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 3 auditor resignation(s) filed - latest: Mittal & Associates on 2023-09-03.
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AFZAL MOHAMMED MODAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAUTAM VIJAY UDANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT FUTARMAL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOURAV SARAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVESH SHAMJI CHHEDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY BABU RAJENDRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJA DEBNATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPTI SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Matthew Simon Gamser | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Urja Harsh Thakkar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jimish Prakash Dedhia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Payal Mehul Maisheri | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 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
3
Group entities
3
Capital events
34 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Veefin Solutions Fzco (dubai) | Subsidiary Company | 74.00% |
| Veefin Solutions Ltd (bangladesh) | Subsidiary Company | 74.00% |
| Idvee Digital Labs Private Limited | Subsidiary Company | 74.00% |
| Globetf Solutions Private Limited | Subsidiary Company | 74.00% |
| Finfuze Software Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: GAUTAM VIJAY UDANI (Whole-time director) · RAJA DEBNATH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 2 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
4 director exits within 2 years.
4 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
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 assessment94/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 120.00 cr already registered.
- Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events03 Dec 2025
Director appointed
Jimish Prakash Dedhia (Additional Director)
15 Oct 2025
Director appointed
AMIT FUTARMAL JAIN (Additional Director)
26 Sep 2025
Last AGM held
Annual general meeting
04 Sep 2025
Charge created
Others - 21.00 cr
Charge created
Others - 9.00 cr
31 Jul 2025
Charge created
Others - 65.00 cr
16 Jun 2025
Charge created
Others - 25.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2024
Director ceased
GOURAV SARAF
Director ceased
BHAVESH SHAMJI CHHEDA
Director ceased
Matthew Simon Gamser
26 Aug 2024
Director appointed
GOURAV SARAF (Director)
Director appointed
BHAVESH SHAMJI CHHEDA (Director)
Director appointed
Matthew Simon Gamser (Director)
Director ceased
ANAND NANDKISHORE MALPANI
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 2 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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 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 34 security allotment(s) - amounts available in the full report.
2 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Antino Labs | U72900HR2019PTC081259 | Gurgaon, Haryana, India |
| Jrk Infotech Private Limited | U72900MH2019PTC322523 | Mumbai, Maharashtra, India |
| Groarc Industries India Limited | L70200TN1992PLC023621 | Chennai, Tamil Nadu, India |
| Quicksell | U72900MH2021PTC354389 | Mumbai, Maharashtra, India |
| Spine Technologies | U72900MH2004PTC144835 | Mumbai, Maharashtra, India |
| Bonbloc Technologies Limited | U62091TN2020PLC137054 | Chennai City Corporation, Tamil Nadu, India |
| Leewayhertz Technologies Private Limited | U72200DL2008PTC173225 | New Delhi, Delhi, India |
| Sierra Circuits | U72200KA1999PTC025664 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Veefin before audits and certifications: compliance score 90/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Veefin: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Veefin - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Veefin 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 Veefin - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Veefin an active company?
Veefin has MCA status “Active” with a compliance score of 90/100 (Low Risk).
Is Veefin financially healthy?
Veefin has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Veefin?
Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Veefin?
Promoters hold the largest single block of equity - exact percentages are in the full report. 12 active director(s) are on record.
Does Veefin have loans or charges against its assets?
4 open charge(s) are registered against its assets.
Is Veefin up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 90/100 (Low Risk).
Is it risky to lend to Veefin?
Its Credit Risk Score is 95/100 (Low Risk). 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.
