Wellspring Software Labs Private Limited - Due diligence report

A 360° intelligence report on Wellspring Software Labs: trust score, financial health, credit view, compliance, directors, growth and distre…

2011-07-08 Chennai, Tamil Nadu Active Unlisted Active Compliant
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WS Wellspring Software Labs Private Limited
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Wellspring Software Labs — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Wellspring Software Labs is assessed as Moderate with a Trust Score of 58/100. Wellspring Software Labs is an active private limited indian non-government company incorporated in 2011, operating in the Information Technology sector. Reported revenue has declined 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 high financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Wellspring Software Labs Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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 access

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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 1 open (13.20 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SATISHKUMAR RAJALAKSHMI 01234567 Director 01/04/2018 6 yrs Approved
RAMIAHPILLAI VADAMALAIRAJ 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2021 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
4 allotment(s) · 0 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 40 · Distress 45
Growth signals & trust indicators
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence58/100
Review suggested
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 assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 13.20 Lakh already registered.
  • Compliance gaps should be priced into terms.
Investor view32/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 10 events
30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
30 Mar 2018
Securities allotted
90000 Equity Shares Without Differential Rights - 90,000.00 raised
Securities allotted
809986 Equity Shares Without Differential Rights - 8.10 Lakh raised
21 Mar 2017
Securities allotted
14 Equity Shares Without Differential Rights - 14.00 raised
Securities allotted
14 Equity Shares Without Differential Rights - 9.80 Lakh raised
06 Sep 2016
Charge created
Hdfc Bank Limited - 13.20 Lakh
08 Jul 2011
Incorporated
Registered with Roc Chennai
Director appointed
SATISHKUMAR RAJALAKSHMI (Director)
Director appointed
RAMIAHPILLAI VADAMALAIRAJ (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Proem Armor Corrosion Private Limited U70102WB2010PTC153831 Kolkata, West Bengal, India
Trogon Media Private Limited U72900KL2019PTC056909 Kozhikode, Kerala, India
Procubed Innovations Private Limited U72900KA2019PTC125256 Bangalore South, Karnataka, India
R G Data Product Private Limited U72900DL2011PTC223766 New Delhi, Delhi, India
Nowandme U72900DL2020PTC363880 Delhi, Delhi, India
Nitek Infotech Private Limited U51909HR2017PTC069471 Gurgaon, Haryana, India
Aagam Digisys Private Limited U72900DL2010PTC211599 Delhi, Delhi, India
Workrings Services Private Limited U72300TG2015PTC101289 Hyderabad, Telangana, India
12

Who Uses This Report

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

Verify Wellspring Software Labs before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Wellspring Software Labs: 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Wellspring Software Labs - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Wellspring Software Labs 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 Wellspring Software Labs - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Wellspring Software Labs an active company?

Wellspring Software Labs has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Wellspring Software Labs financially healthy?

Wellspring Software Labs has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Wellspring Software Labs?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Wellspring Software Labs?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Wellspring Software Labs have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Wellspring Software Labs up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Wellspring Software Labs?

Its Credit Risk Score is 40/100 (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.