Workapps Solutions Private Limited - Due diligence report

A 360° intelligence report on Workapps Solutions Private Limited: trust score, financial health, credit view, compliance, directors, growth …

2015-10-06 Pune, Maharashtra Active Unlisted Active Compliant
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WS Workapps Solutions Private Limited
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Workapps Solutions Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Workapps Solutions Private Limited is assessed as Low Risk with a Trust Score of 83/100. Workapps Solutions Private Limited is an active private limited indian non-government company incorporated in 2015, operating in the Information Technology sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Workapps Solutions Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
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
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

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

Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
RAJMAL SHANTILAL BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
ROHIT RAJMAL BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2017)
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
Workapps Inc.
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Workapps Inc. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view80/100
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 11 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Jan 2024
Director ceased
RUDRAJEET SIDDHARTH DESAI
21 Sep 2022
Director appointed
RAJMAL SHANTILAL BHANDARI (Director)
13 Sep 2022
Director appointed
ROHIT RAJMAL BHANDARI (Director)
Director ceased
SHANKAR DAGADU BORATE
31 Mar 2022
Share transfer (FY 2022)
200.00000000 shares to RAJMAL SHANTILAL BHANDARI
Share transfer (FY 2022)
203800.00000000 shares to RAJMAL SHANTILAL BHANDARI
08 Jan 2017
Securities allotted
10000 Equity Shares - 1.32 cr raised
24 Aug 2016
Securities allotted
490000 Equity Shares - 1.88 cr raised
06 Oct 2015
Incorporated
Registered with Roc Pune
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
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 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 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Atribs U72200TN2004PTC053279 Chennai, Tamil Nadu, India
Intuisyz Technologies Private Limited U72200KL2014PTC037072 Ernakulam, Kerala, India
Stalent Technology Solutions Private Limited U72900TN2020PTC137397 Chennai City Corporation, Tamil Nadu, India
Elyria Software Private Limited U72900PB2021PTC053955 Sas Nagar Mohali, Punjab, India
Midevops Services Private Limited U74999KA2018PTC114352 Bangalore South, Karnataka, India
Newtel U72200KA2011PTC058311 Bangalore, Karnataka, India
Affluence Digital Solutions India Private Limited U74999DL2018PTC331645 Delhi, Delhi, India
Rds Techserv Private Limited U72200AP2012PTC084312 Visakhapatnam (Urban), Andhra Pradesh, India
12

Who Uses This Report

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

Verify Workapps Solutions Private Limited before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Workapps Solutions Private Limited: 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 70/100, margin trends, ownership structure and peer set for Workapps Solutions Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Workapps Solutions Private Limited 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 Workapps Solutions Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Workapps Solutions Private Limited an active company?

Workapps Solutions Private Limited has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Workapps Solutions Private Limited financially healthy?

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

Should I do business with Workapps Solutions Private Limited?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Workapps Solutions Private Limited?

The ultimate holding entity is Workapps Inc.. 2 active director(s) are on record.

Does Workapps Solutions Private Limited have loans or charges against its assets?

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

Is Workapps Solutions Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Workapps Solutions Private Limited?

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.