Promoter holding
64.27%
WS
Wsfx - Due diligence report
A 360° intelligence report on Wsfx: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Wsfx — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Wsfx is assessed as Low Risk with a Trust Score of 76/100. Wsfx is an active public limited indian non-government company incorporated in 1986, operating in the Financial Services 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 02 Oct 2026 from the latest processed filings. Wsfx Global Pay 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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
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 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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 4 open (45.50 cr) · 16 satisfied (133.28 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Axis Bank Limited | 6 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Uti Bank Ltd | 1 | 48.0 cr |
| Idbi Limited | 1 | 48.0 cr |
| Bank Of Baroda | 1 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2025).
- Flagged by authority: DSE, RBI.
- Litigation present in 3 court forum(s).
- 13 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NARASIMHAN SRIKRISHNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARASIMHAN SRIKRISHNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHA HIMANSHU SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POOJA SUDHAKANT MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POOJA SUDHAKANT MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH VENKATARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Srikrishna Narasimhan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ravinder Singh Amar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Khushboo Sahil Doshi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
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
Spice Connect Private Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 2 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Spice Connect Private Limited | Holding Company | 74.00% |
Key managerial personnel: NARASIMHAN SRIKRISHNA (Whole-time director) · NARASIMHAN SRIKRISHNA (CEO) · POOJA SUDHAKANT MISHRA (CFO) · POOJA SUDHAKANT MISHRA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
Compliance score is weak (38/100).
4 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 45.50 cr already registered.
- Compliance gaps should be priced into terms.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events27 Jan 2026
Charge satisfied
Others
18 Dec 2025
Charge created
Others - 10.00 cr
24 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Mar 2025
Charge created
Others - 8.00 cr
04 Dec 2024
Charge created
Hdfc Bank Limited - 10.00 cr
23 Sep 2024
Director appointed
Ravinder Singh Amar (Director)
03 Jun 2024
Charge created
Others - 17.50 cr
21 Feb 2024
Director appointed
Khushboo Sahil Doshi (Company Secretary)
31 Mar 2023
Share transfer (FY 2023)
200.00000000 shares to DHIREN K. DESAI
Share transfer (FY 2023)
100.00000000 shares to MAHESHKUMAR A. KOTECH
04 Nov 2022
Charge satisfied
Hdfc Bank Limited
11 Aug 2022
Director appointed
POOJA SUDHAKANT MISHRA (CFO)
31 May 2022
Director ceased
DIPESH RAMNIKLAL DHAROD
06 Aug 2021
Charge created
Others - 4.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
13 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Rupeek | U72100KA2015PTC081797 | Bangalore, Karnataka, India |
| Tide | U72900DL2020FTC438677 | New Delhi, Delhi, India |
| New India Retailing & Investment Limited | L15421WB1933PLC023070 | Kolkata, West Bengal, India |
| Sak Industries | U72100TN1962PTC094955 | Chennai, Tamil Nadu, India |
| Best | U65921TZ2009PLC015595 | Tirupur, Tamil Nadu, India |
| Bhukhanvala Group | U29220MH1973PTC016544 | Mumbai, Maharashtra, India |
| Ayushajay Construction Private Limited | U45201MP1995PTC009459 | Indore, Madhya Pradesh, India |
| T. Poddar Infradevelopers Private Limited | U67100GJ1994PTC092137 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Wsfx before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Wsfx: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Wsfx - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Wsfx 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 Wsfx - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Wsfx an active company?
Wsfx has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Wsfx financially healthy?
Wsfx has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Wsfx?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Wsfx?
The ultimate holding entity is Spice Connect Private Limited. 9 active director(s) are on record.
Does Wsfx have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Wsfx up to date with its ROC filings?
Balance sheet slightly behind (Mar 2025). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Wsfx?
Its Credit Risk Score is 55/100 (Moderate). 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.
