Promoter holding
64.27%
ZL
Zepto Limited - Due diligence report
A 360° intelligence report on Kiranakart: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Kiranakart — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Kiranakart is assessed as Moderate with a Trust Score of 67/100. Kiranakart is an active public limited indian non-government company incorporated in 2020, operating in the E-Commerce sector. The company has shown revenue growth 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 moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Zepto 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 ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 2 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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 8 open (830.01 cr) · 5 satisfied (202.81 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 8 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 3 court forum(s).
- 2 auditor resignation(s) filed - latest: Ruthala and Co. Chartered Accountant on 2024-03-07.
- Delayed payments to MSME suppliers disclosed (99 disclosure(s)).
- 18 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMESH BAFNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAIVALYA VOHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKHIL KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aadit Kavit Palicha | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aadit Kavit Palicha | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ramesh Bafna | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Paul Joseph Hudson | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anulakshmi Hariharan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Samad Iqbal Shariff | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 6 director exits in 3 years - high churn.
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
Kiranakart Pte. Ltd.
Subsidiaries
1
Group entities
1
Capital events
15 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Kiranakart Wholesale Private Limited | Subsidiary Company | 74.00% |
| Kiranakart Pte. Ltd. | Holding Company | 74.00% |
Key managerial personnel: RAMESH BAFNA (Whole-time director) · KAIVALYA VOHRA (Whole-time director) · Aadit Kavit Palicha (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 1 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
6 director exits within 2 years.
Compliance score is weak (50/100).
8 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 93,304.00.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 8 open charge(s) of 830.01 cr already registered.
- Compliance gaps should be priced into terms.
Investor view77/100
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 events18 Mar 2026
Charge created
Axis Bank Limited - 150.00 cr
24 Dec 2025
Director appointed
Aadit Kavit Palicha (Ceo)
23 Dec 2025
Director appointed
Aadit Kavit Palicha (CEO)
22 Dec 2025
Director ceased
RAMESH BAFNA
Director ceased
Anulakshmi Hariharan
10 Dec 2025
Director appointed
Ramesh Bafna (Cfo)
09 Dec 2025
Director ceased
Paul Joseph Hudson
06 Dec 2025
Director appointed
Anulakshmi Hariharan (Director)
05 Dec 2025
Director appointed
RAMESH BAFNA (Whole-time director)
Director appointed
Paul Joseph Hudson (Nominee Director)
21 Nov 2025
Charge created
Others - 100.00 cr
11 Aug 2025
Last AGM held
Annual general meeting
10 Aug 2025
Director ceased
AKHIL KUMAR GUPTA
29 May 2025
Charge created
Standard Chartered Bank - 120.00 cr
10 Apr 2025
Director appointed
AKHIL KUMAR GUPTA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 1 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
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| Mitsubishi Electric India Private Limited | U51909DL2010FTC227827 | New Delhi, Delhi, India |
| Spinny | U74999HR2019PTC077781 | Gurgaon, Haryana, India |
| Jaguar Land Rover India Limited | U34200MH2012FLC237194 | Mumbai, Maharashtra, India |
| Sanghavi Bullion Private Limited | U74900MH2007PTC175516 | Mumbai, Maharashtra, India |
| Sree Behariji Mills Private Limited | U15310BR1940PTC002905 | Patna, Bihar, India |
| Olam Agri India Private Limited | U51909HR1996PTC107275 | Gurugram, Haryana, India |
| Volvogroup | U50101KA1996PTC024176 | Bangalore, Karnataka, India |
| Tata Hitachi | U85110KA1998PTC024588 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Kiranakart 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 Kiranakart: 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 45/100, 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 Kiranakart - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Kiranakart 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 Kiranakart - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Kiranakart an active company?
Kiranakart has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Kiranakart financially healthy?
Kiranakart has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Kiranakart?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Kiranakart?
The ultimate holding entity is Kiranakart Pte. Ltd.. 9 active director(s) are on record.
Does Kiranakart have loans or charges against its assets?
8 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Kiranakart up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Kiranakart?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
