Promoter holding
64.27%
VM
Vodafone Mobile Services Limited - Due diligence report
A 360° intelligence report on Vodafone: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Vodafone — 360° Intelligence Report
Generated from MCA filings & public records38/100
Trust Score
Caution Indicated
Vodafone is assessed as Caution Indicated with a Trust Score of 38/100. Vodafone is a public limited indian non-government company incorporated in 1992, operating in the Telecom 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 high compliance risk and high financial risk profile.
Report generated on 04 Aug 2026 from the latest processed filings. Vodafone Mobile Services 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 ScoreCaution Indicated
38/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
25/100
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.
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
Charges position: 0 open (-) · 32 satisfied (204,702.79 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Il & Fs Trust Company Limited | 8 | 48.0 cr |
| The Western India Trustee And Executor Company Ltd. | 2 | 48.0 cr |
| The Hong Kong & Shanghai Banking Corporatioins Ltd | 1 | 48.0 cr |
| The Hongkong & Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Bank Of America Na | 2 | 48.0 cr |
| Icici Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2018 - filings overdue.
- Flagged by authority: EPFO.
- Litigation present in 3 court forum(s).
- 9 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BALESH SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONU HALAN BHASIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRASHANT BHAGANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARI GOPALAKRISHNEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARI GOPALAKRISHNEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY KHANNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- BALESH SHARMA 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 2017)
| 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 2017 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
Vodafone India Limited
Subsidiaries
2
Group entities
6
Capital events
6 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Vodafone Idea Technology Solutions Limited | Subsidiary Company | 74.00% |
| Vodafone Technology Solutions Limited | Subsidiary Company | 74.00% |
| Vodafone India Limited | Holding Company | 74.00% |
| Firefly Networks Limited | Joint Ventures | 74.00% |
| Mobile Commerce Solutions Limited | Associate Company | 74.00% |
| Vodafone Idea Communication Systems Limited | Associate Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 25
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
Operating for 34+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence21/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment34/100
Enhanced diligence advised
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 view54/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events13 Jul 2018
Director ceased
VINEET GANERIWALA
10 Jul 2018
Last AGM held
Annual general meeting
31 Mar 2018
Latest balance sheet
Filed with ROC
22 Jan 2018
Director ceased
NAVEEN LAL CHOPRA
28 Sep 2017
Director ceased
BALESH SHARMA
Director ceased
PRASHANT BHAGANIA
14 Jul 2017
Director appointed
PRASHANT BHAGANIA (Director)
Director ceased
ARVIND GOVIND AGARWAL
13 Jun 2017
Director appointed
BALESH SHARMA (Director)
10 Mar 2017
Charge satisfied
Il & Fs Trust Company Limited
18 Oct 2016
Securities allotted
573248409 Equity Shares Without Differential Rights - 27,000.00 cr raised
28 Jun 2016
Securities allotted
176211448 Equity Shares Without Differential Rights - 8,000.00 cr raised
19 May 2016
Director ceased
BHUVANESH PRATAP SINGH
31 Mar 2016
Share transfer (FY 2016)
1.00000000 shares to BHUVANESH PRATAP
Share transfer (FY 2016)
1.00000000 shares to Vodafone Technology Solutions Ltd.
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%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
6 active director(s) / partner(s); review board churn before relying on management continuity.
9 active GST registration(s) indicate ongoing business operations.
All 32 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Modi Telecommunications Limited | U64202HR1992PLC034756 | Na, Haryana, India |
| Verticle Technologies Private Limited | U72400TG2005PTC046051 | Hyderabad, Telangana, India |
| Nova Digital & Broadband Private Limited | U64100DL2014PTC272640 | New Delhi, Delhi, India |
| Payism Technologies India Private Limited | U72200TG2013PTC091292 | Madhapur, Telangana, India |
| Aircel | U74999MH1992PLC284457 | Andheri East, Maharashtra, India |
| Recharge Express Private Limited | U52190MH2013PTC249571 | Aurangabad, Maharashtra, India |
| Telenor | U64200DL2012PTC231991 | New Delhi, Delhi, India |
| Aircel | U32201MH1994PLC284030 | Andheri E, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vodafone 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 Vodafone: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Vodafone - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 38/100, distress signals and MSME payment-delay disclosures - know whether Vodafone 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 Vodafone - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vodafone an active company?
Vodafone has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).
Is Vodafone financially healthy?
Vodafone has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Vodafone?
Its overall Trust Score is 38/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Vodafone?
The ultimate holding entity is Vodafone India Limited. 6 active director(s) are on record.
Does Vodafone have loans or charges against its assets?
No open charges - all 32 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Vodafone up to date with its ROC filings?
Last balance sheet is for Mar 2018 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Vodafone?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
