Virident Systems Private Limited - Due diligence report

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

2007-01-03 Bangalore, Karnataka Amalgamated Unlisted
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Hgst — 360° Intelligence Report

Generated from MCA filings & public records
53/100
Trust Score
Moderate

Hgst is assessed as Moderate with a Trust Score of 53/100. Hgst is a private limited indian non-government company incorporated in 2007, operating in the Information Technology 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 high compliance risk and low financial risk profile.

Report generated on 13 Jul 2026 from the latest processed filings. Virident Systems Private Limited snapshot & full profile →

Financial Health › Strong
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 ScoreModerate
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

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

Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2016 - filings overdue.
  • Flagged by authority: EPFO.
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
SRIRAM RUPANAGUNTA 01234567 Director 01/04/2018 6 yrs Approved
NAYANARAJA VARADARAJU NAIDU 01234567 Director 01/04/2018 6 yrs Approved
FOO JON HUI AMANDA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • FOO JON HUI AMANDA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
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 2016 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
-
Group entities
-
Capital events
0 allotment(s) · 1 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 45
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Operating for 19+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Outside liabilities up 61% in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence31/100
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 assessment69/100
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 view83/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
17 Mar 2017
Director ceased
SUHAS BADVE SHANKAR
Director ceased
NAYANARAJA VARADARAJU NAIDU
31 Dec 2016
Director appointed
NAYANARAJA VARADARAJU NAIDU (Additional Director)
28 Sep 2016
Director ceased
FOO JON HUI AMANDA
Last AGM held
Annual general meeting
01 Jun 2016
Director ceased
SUDHAKARAN NAIR
29 Apr 2016
Director appointed
FOO JON HUI AMANDA (Director)
31 Mar 2016
Latest balance sheet
Filed with ROC
30 Mar 2016
Director ceased
KUMAR NANJUNDA GANAPATHY
29 Mar 2016
Director ceased
SRIRAM RUPANAGUNTA
31 Mar 2015
Share transfer (FY 2015)
1.00000000 shares to HGST Technologies Santa Ana. INC
31 Mar 2014
Director appointed
SRIRAM RUPANAGUNTA (Director)
30 Aug 2013
Director ceased
BHASKAR RAMANATHAN HARITA
22 Jul 2011
Director ceased
RAJESH HARIBHAI PAREKH
Director ceased
ASHISH SINGHAI
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 3 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Net worth is positive.
3 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Aircon Technique Private Limited U74899DL1995PTC069294 Delhi, Delhi, India
New Enterprise Associates (India) Private Limited U74999KA2006PTC040686 Bangalore, Karnataka, India
Ablaze Info Solutions Private Limited U72900DL2010PTC207909 Delhi, Delhi, India
Valuedge U74900MH2009PTC289585 Mumbai, Maharashtra, India
Xceedance Infotech Private Limited U72200HR2013PTC049584 Gurgaon, Haryana, India
Blueocean Market Intelligence Services Private Limited U93093MH2010PTC304618 Goregaon East, Maharashtra, India
Tsys|Total System Services U72200DL2006FTC156765 New Delhi, Delhi, India
Varun Global Limited U61200MH2010PLC209141 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Hgst 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 Hgst: 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 90/100, 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 Hgst - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Hgst 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 Hgst - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hgst an active company?

Hgst has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).

Is Hgst financially healthy?

Hgst has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Hgst?

Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hgst?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Hgst have loans or charges against its assets?

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

Is Hgst up to date with its ROC filings?

Last balance sheet is for Mar 2016 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Hgst?

Its Credit Risk Score is 90/100 (Low Risk). 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.