Wsfx Global Pay Limited - Due diligence report

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

1986-04-25 Mumbai, Maharashtra Active Listed Active Compliant
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WG Wsfx Global Pay Limited
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Wsfx — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Wsfx is assessed as Low Risk with a Trust Score of 80/100. 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 moderate compliance risk and low financial risk profile.

Report generated on 14 Jul 2026 from the latest processed filings. Wsfx Global Pay Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
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.

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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: 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 (39.50 cr) · 15 satisfied (129.28 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited6 48.0 cr
Others4 48.0 cr
Hdfc Bank Limited2 48.0 cr
Uti Bank Ltd1 48.0 cr
Idbi Limited1 48.0 cr
Bank Of Baroda1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet 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
NameDIN / PANDesignationAppointedTenureDIN status
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
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
  • 7 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)
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 2024 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
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 entityRelationship% held
Spice Connect Private Limited Holding Company 74.00%

Key managerial personnel: NARASIMHAN SRIKRISHNA (CEO) · 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 (50/100).
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 · Investor
Vendor due diligence68/100
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 assessment66/100
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 39.50 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view89/100
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 events
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
31 May 2022
Director ceased
DIPESH RAMNIKLAL DHAROD
06 Aug 2021
Charge created
Others - 4.00 cr
30 Jun 2021
Director ceased
CHAITALI DESAI
24 Feb 2021
Director ceased
SUDIP BANDYOPADHYAY
18 May 2020
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue 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.
7 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
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
V L S Finance Limited L65910DL1986PLC023129 New Delhi, Delhi, India
Missionsamriddhi U65100TN2011PTC080320 Chennai, Tamil Nadu, India
Smartlink Holdings L26109GA1993PLC001341 Salcete, Goa, India
12

Who Uses This Report

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

Verify Wsfx before audits and certifications: compliance score 50/100, 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 80/100, 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 50/100 (Moderate).

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 80/100 (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. 7 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 15 earlier charge(s) stand satisfied.

Is Wsfx up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).

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.