Zensar Technologies Limited - Due diligence report

A 360° intelligence report on Zensar Technologies: trust score, financial health, credit view, compliance, directors, growth and distress si…

1963-03-29 Pune, Maharashtra Active Listed Active Compliant
ZT Zensar Technologies Limited
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Zensar Technologies — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Zensar Technologies is assessed as Moderate with a Trust Score of 74/100. Zensar Technologies is an active public limited indian non-government company incorporated in 1963, operating in the Information Technology 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 24 Jul 2026 from the latest processed filings. Zensar Technologies Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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 ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 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: 75/100 Low Risk
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (AA+).

Charges position: 25 open (126.96 cr) · 5 satisfied (16.40 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Citi Bank N.A.1 48.0 cr
Indian Overseas Bank3 48.0 cr
The Royal Bank Of Scotland N.V. (Formerly Abn Amro Bank N.V.)1 48.0 cr
State Bank Of India9 48.0 cr
Standard Chartered Bank1 48.0 cr
Union Bank Of India2 48.0 cr
Compliance Score: 42/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE.
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (31 disclosure(s)).
Legal cases on record (4)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
BEN EDWARD DRUSKIN 01234567 Director 01/04/2018 6 yrs Approved
PULKIT BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
ANANT VARDHAN GOENKA 01234567 Director 01/04/2018 6 yrs Approved
PRAVIN UDHYAVARA BHADYA RAO 01234567 Director 01/04/2018 6 yrs Approved
ANAND CHAMPALAL DAGA 01234567 Director 01/04/2018 6 yrs Approved
KETAN ARVIND DALAL 01234567 Director 01/04/2018 6 yrs Approved
RAJAPPA RADHA 01234567 Director 01/04/2018 6 yrs Approved
PULKIT BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
MANISH TANDON 01234567 Director 01/04/2018 6 yrs Approved
HARSH VARDHAN GOENKA 01234567 Director 01/04/2018 6 yrs Approved
HARSH CHARANDAS MARIWALA 01234567 Director 01/04/2018 6 yrs Approved
Manish Tandon 01234567 Director 01/04/2018 6 yrs Approved
Anand Champalal Daga 01234567 Director 01/04/2018 6 yrs Approved
  • 13 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
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 2025 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
2
Group entities
2
Capital events
125 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Cynosure Interface Services Private Limited, India Subsidiary Company 74.00%
Foolproof (sg) Pte. Ltd, Singapore. Subsidiary Company 74.00%
Foolproof Ltd. Uk Subsidiary Company 74.00%
Keystone Logic Mexico, S. De R.l. De C.v., Mexico Subsidiary Company 74.00%
Keystone Technologies Mexico, S. De R.l. De C.v., Mexico Subsidiary Company 74.00%
M3bi Llc, Usa Subsidiary Company 74.00%
Zensar (africa) Holdings Proprietary Limited, South Africa Subsidiary Company 74.00%
Zensar Columbia S.a.s., Columbia Subsidiary Company 74.00%
Zensar Information Technologies B.v., Netherlands Subsidiary Company 74.00%
Zensar Technologies (canada) Inc Canada Subsidiary Company 74.00%

Key managerial personnel: PULKIT BHANDARI (CFO) · PULKIT BHANDARI (CFO) · MANISH TANDON (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Operating for 63+ years.
Distress signals & risk flags
Compliance score is weak (42/100).
25 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 34.50 Lakh.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 25 open charge(s) of 126.96 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
24 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Aug 2024
Director appointed
PULKIT BHANDARI (CFO)
Director appointed
Anand Champalal Daga (Company Secretary)
08 Aug 2024
Director appointed
ANAND CHAMPALAL DAGA (Company Secretary)
01 Aug 2024
Director appointed
PULKIT BHANDARI (CFO)
30 Jun 2024
Director ceased
GAURAV TONGIA
03 May 2024
Director ceased
SACHIN ASHOK ZUTE
22 Apr 2024
Director appointed
Manish Tandon (Ceo)
04 Mar 2023
Director ceased
PRAVIN UDHYAVARA BHADYA RAO
23 Jan 2023
Director appointed
MANISH TANDON (Managing Director)
Director ceased
MANISH TANDON
19 Dec 2022
Securities allotted
4500 Equity Shares - 2.11 Lakh raised
02 Nov 2022
Director ceased
BEN EDWARD DRUSKIN
Director ceased
KETAN ARVIND DALAL
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Icra.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 125 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Harman U72200KA2002PTC030427 Bangalore, Karnataka, India
Zscaler U72200KA2007PTC043114 Bengaluru, Karnataka, India
Dxc U72900TN2015FTC102489 Chennai City Corporation, Tamil Nadu, India
Cyient L72200TG1991PLC013134 Shaikpet, Telangana, India
Kpit L72200PN1990PLC059594 Pune, Maharashtra, India
Groww L72900KA2018PLC109343 Bangalore South, Karnataka, India
Siemens U12500DL1998PTC094315 New Delhi, Delhi, India
Cadence Design Systems (India) Private Limited U30007KA1986PTC080807 Bengaluru, Karnataka, India
12

Who Uses This Report

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

Verify Zensar Technologies before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Zensar Technologies: 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 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Zensar Technologies - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Zensar Technologies pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Zensar Technologies - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Zensar Technologies an active company?

Zensar Technologies has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Zensar Technologies financially healthy?

Zensar Technologies has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Zensar Technologies?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Zensar Technologies?

Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.

Does Zensar Technologies have loans or charges against its assets?

25 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Zensar Technologies up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).

Is it risky to lend to Zensar Technologies?

Its Credit Risk Score is 75/100 (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.