Demand · 09
Verified lead register
A flex operator fits out the space before the first invoice is paid. That makes every requirement a credit exposure, taken today on a form filled in by somebody whose authority nobody has checked. This screen resolves the company, sizes it, and flags what a reviewer would want to know, at enquiry rather than at LOI.
Requirements resolved to an entity
14
CIN or LLPIN matched from the name given on the call
Desks behind an elevated flag
94
Roughly ₹2.0 cr of annual contract value
Contacts not on any public record
3
Process issue at LOI, not a credit issue
Median time to resolve
under 90 sec
Runs during the qualification call, not after it
Live requirements
Resolved to entity, sized against filings
| Company | Requirement | Who we spoke to | Entity | Scale evidence | Scale | Risk | Flags on record | Recommended posture |
|---|---|---|---|---|---|---|---|---|
Northwind Technologies India Incorporated 2026 · parent Northwind Corp, Delaware | 120 desks Outer Ring Road, Bengaluru | R. Iyer Head of Workplace Named in board resolution | U72900KA2026FTC0••••• | Capital ₹42.0 cr Revenue Not yet filed Headcount 180 (declared) Funding Parent funded | A | Watch | ● New entity, no filed financials● Foreign parent, no India credit history | 2x deposit, parent comfort letter Scale is real and is the parent’s, not the subsidiary’s. The deposit reflects the entity you would actually be contracting with. |
Kestrel Payments Pvt Ltd Incorporated 2021 | 78 desks Koramangala, Bengaluru | A. Menon Co-founder and Director Director on MCA record | U65999KA2021PTC1••••• | Capital ₹1.2 cr Revenue ₹64.8 cr FY25 Headcount 240 (EPFO) Funding $31m Series B | A | Low | None on record | Standard terms Filed accounts, EPFO headcount and a dated funding round all agree. This is the cleanest profile in the register. |
Ardent Analytics Pvt Ltd Incorporated 2016 | 110 desks Outer Ring Road, Bengaluru | S. Bhat VP Finance Authorised signatory on GST record | U72200KA2016PTC0••••• | Capital ₹8.4 cr Revenue ₹118.2 cr FY25 Headcount 620 (EPFO) Funding Bootstrapped | A | Low | ● Charge registered with a scheduled bank, satisfied 2024 | Standard terms A satisfied charge is a normal working capital fact and is shown rather than hidden, because an unexplained flag creates more doubt than an explained one. |
Verda Bioscience Pvt Ltd Incorporated 2019 | 48 desks Sarjapur Road, Bengaluru | N. Rao Operations Lead Not on any public record | U73100KA2019PTC1••••• | Capital ₹3.1 cr Revenue ₹22.4 cr FY25 Headcount 140 (EPFO) Funding $9m Series A | B | Low | ● Person we are speaking to is not an authorised signatory | Standard terms, signature verification at LOI Not a credit concern. It is a process one: the LOI needs somebody on the record, and knowing that now saves a fortnight later. |
Truss Engineering Pvt Ltd Incorporated 2018 | 32 desks Yeshwanthpur, Bengaluru | D. Kulkarni Admin Manager Not on any public record | U74999KA2018PTC1••••• | Capital ₹0.4 cr Revenue ₹9.1 cr FY24 Headcount 62 (EPFO) Funding None disclosed | D | Elevated | ● Annual return overdue by 11 months● EPFO headcount down 34 per cent year on year● Last audited accounts carry an emphasis of matter | 3x deposit, 12 month lock-in Three independent signals pointing the same direction. Any one of them alone would not move the posture. |
Halcyon Bio Pvt Ltd Incorporated 2025 | 34 desks Sarjapur Road, Bengaluru | M. Sanghvi Founder Director on MCA record | U73100KA2025PTC1••••• | Capital ₹0.1 cr Revenue Not yet filed Headcount 26 (EPFO) Funding $14m Series A | C | Watch | ● Company under two years old● No filed financial statements yet | 2x deposit A dated, verifiable funding round offsets a thin filing history. Youth is not the same as risk, and the register separates them. |
Saffron Retail Technologies Incorporated 2017 | 31 desks Whitefield, Bengaluru | P. Grewal Finance Controller Authorised signatory on GST record | U52100KA2017PTC1••••• | Capital ₹2.2 cr Revenue ₹31.6 cr FY24 Headcount 118 (EPFO) Funding $6m Series A, 2022 | C | Watch | ● GST returns filed late in three of the last six periods● No funding event since 2022 | Standard terms, quarterly review Late GST filing is a cash timing signal more often than a solvency one. It earns a review cadence, not a penalty. |
Orbit Robotics Pvt Ltd Incorporated 2020 | 82 desks Whitefield, Bengaluru | V. Krishnan Chief of Staff Named in board resolution | U29309KA2020PTC1••••• | Capital ₹5.6 cr Revenue ₹47.9 cr FY25 Headcount 310 (EPFO) Funding $22m Series B | A | Low | None on record | Standard terms Existing member. The register runs on expansion requests as well as new logos, because a 22 desk expansion is a 22 desk credit exposure. |
Meridian Capital Advisors LLP Incorporated 2014 | 44 desks Bandra Kurla Complex, Mumbai | K. Shah Partner Designated partner on MCA record | AAF-•••• | Capital ₹6.8 cr Revenue ₹58.3 cr FY25 Headcount 96 (EPFO) Funding Not applicable | B | Low | None on record | Standard terms An LLP files differently from a company. The register reads the correct schedule rather than reporting the field as missing. |
Ostara Semiconductor India Incorporated 2026 · parent Ostara Semiconductor NV | 240 desks HITEC City, Hyderabad | T. Reddy India Site Lead Named in board resolution | U26102TG2026FTC0••••• | Capital ₹96.0 cr Revenue Not yet filed Headcount 40 (ramping to 300) Funding Parent funded | A | Watch | ● New India entity● Committed headcount exceeds current headcount by 7.5x | Parent guarantee, standard deposit The largest requirement in the register and the one most dependent on a plan rather than a track record. Guarantee sits at the parent, where the balance sheet is. |
Fernpath Systems Pvt Ltd Incorporated 2019 | 40 desks Kharadi, Pune | J. Deshpande People Operations Not on any public record | U72900PN2019PTC1••••• | Capital ₹1.1 cr Revenue ₹18.7 cr FY25 Headcount 210 (EPFO) Funding None disclosed | C | Low | None on record | Standard terms Headcount well ahead of revenue is normal for a services business billing offshore. The register does not flag it, and this is stated so that a reviewer knows it was considered. |
Vantage Grid Energy Pvt Ltd Incorporated 2015 · parent Vantage Holdings Pte | 62 desks Golf Course Road, Gurugram | H. Bhatia Director Director on MCA record | U40106HR2015PTC0••••• | Capital ₹12.4 cr Revenue ₹86.2 cr FY24 Headcount 280 (EPFO) Funding PE backed | A | Elevated | ● Two charges open with lenders, neither satisfied● Winding up petition filed by an operational creditor, 2025, status pending● FY25 accounts not yet filed | Refer to credit committee A pending petition is an allegation, not a finding. It is on the record because a reviewer must see it, and it is labelled as pending because that is what it is. |
Blue Meridian Labs Pvt Ltd Incorporated 2026 | 28 desks OMR Perungudi, Chennai | L. Varghese Founder Director on MCA record | U73100TN2026PTC1••••• | Capital ₹0.1 cr Revenue Not yet filed Headcount 11 (EPFO) Funding None disclosed | E | Watch | ● Under one year old● No funding event on record● Paid-up capital under ₹10 lakh | 3x deposit or 6 months advance Small and new is not the same as bad. It is a deposit conversation, and holding it at enquiry rather than at LOI is the point of this screen. |
Corvid Security Systems Pvt Ltd Incorporated 2020 | 25 desks Electronic City, Bengaluru | A. Fernandes Director Director on MCA record | U74999KA2020PTC1••••• | Capital ₹2.8 cr Revenue ₹26.4 cr FY25 Headcount 88 (EPFO) Funding None disclosed | C | Watch | ● A director is also a director of a company struck off in 2023 | Standard terms, annual review A shared directorship is a prompt to ask, not a verdict. Struck-off companies are frequently dormant shells closed properly. The flag exists so somebody asks the question once. |
Scale bands
Enterprise or funded scale
Filed revenue above ₹40 cr, or a funded parent, or a dated round above $15m.
Established mid-market
Filed revenue ₹15 cr to ₹40 cr with three or more years of filings.
Growing SMB
Filed revenue ₹5 cr to ₹15 cr, or a funded company under three years old.
Small or contracting
Filed revenue under ₹5 cr, or headcount falling year on year.
Thin or unverifiable
No filed financials, minimal paid-up capital, and no funding event on record.
Risk bands and what each one buys
Low
No adverse flag, or a single flag with an ordinary explanation.
Standard terms
Watch
A thin record, or a flag about timing rather than solvency.
Enhanced deposit or a review cadence
Elevated
Two or more independent adverse signals, or an unsatisfied charge.
Higher deposit, shorter tenure, or credit committee
High
An open insolvency proceeding, a struck-off status, or a confirmed default.
Decline, or full advance
Where every field comes from
| Source | What it supplies | Class | Currency |
|---|---|---|---|
| MCA21 master data and filings | CIN, incorporation date, paid-up capital, directors, annual return status, charges, strike-off status. | Statutory filing | Filings lag 6 to 9 months |
| GST public search | Registration status, jurisdiction, filing regularity, authorised signatory on record. | Statutory filing | Near current |
| EPFO establishment data | Contributing employee count by month. The most current headcount signal available publicly. | Statutory filing | 1 to 2 months |
| Commercial credit bureau | Charges, defaults, credit facilities where the company has borrowed. Licensed, not scraped. | Licensed dataset | Varies by lender |
| IBBI and court records | Insolvency filings and winding up petitions, shown with status and date. | Public record | Near current |
| Funding announcements | Dated rounds and investors from published announcements. | Public announcement | Near current |
What this register does not do
- No individual is scored. The person on the call is checked for one thing only: whether they appear on a public filing as a director, designated partner or authorised signatory. There is no personal credit check, no personal profile and no field in the schema that would hold one.
- No social or profile scraping. No professional network, no personal social account, no photograph, no inferred seniority. If a fact is not on a statutory filing or a licensed commercial dataset, it does not appear here.
- No automatic decline. The register produces a recommended posture. A person accepts or overrides it, and the override is logged with a reason.
- Every flag carries its source and date. A reviewer can open the underlying filing.
- Absence of a flag is not a clean bill. Small private company coverage is thin and filings lag by two to three quarters. The register narrows uncertainty. It does not remove it.
A worked example
Truss Engineering asked for 32 desks and the register moved it from standard terms to a 3x deposit. No single flag did that. The annual return being eleven months overdue is common enough to mean little on its own. EPFO headcount down thirty four per cent is a real signal but could be an outsourcing change. An emphasis of matter in the audit report is a technical qualification that often carries no weight. Three independent signals pointing the same direction is a different object from three flags, and the rule that produced this was written down before the case appeared, so it can be applied to the next one the same way.
The value here is not the decline. It is that the deposit conversation happens at enquiry, while the prospect still wants the space, rather than at LOI when the terms feel like a late surprise and the deal wobbles.
Why this belongs in a sales console rather than in finance
The cost of a member default is the fit-out, not the invoice.
A desk that a member walks away from six months into a twelve month term is not a missed month of revenue. It is a suite already fitted, a broker fee already paid, an acquisition cost already sunk, and a re-let cycle in a micro-market that may not have demand at that size. That arithmetic sits with commercial, not with credit, which is why the resolution runs during the qualification call and the output lands in the same place as the requirement rather than in a separate queue three weeks later.