This scenario is illustrative. The names, numbers and files are synthetic and describe how the workflow runs, not a real transaction.
The situation
A private equity team is weighing a ₹350 crore investment in a packaging manufacturer. The data room shows healthy standalone results and a short related-party schedule. The investment committee wants to know who the promoters really are before the term sheet is signed.
How the deal team works it in Anvexer
An analyst opens a case, uploads the information memorandum, three years of accounts, the related-party schedule and the supplier ledger, and names the company and its two promoters as subjects with the Due Diligence research profile.
1. The promoters' other companies
Company records list every directorship the promoters hold. Two are dormant companies registered at the promoters' home address. Neither appears in the related-party schedule.
2. A supplier that is not independent
The supplier ledger shows one of those two dormant companies as a regular supplier of raw material to the target. Anvexer links the supplier in the ledger to the company in the registry by its name, registered address and director, and flags it as a related party missing from the schedule.
3. Trouble at a sister company
Court records and a published tribunal order show an insolvency petition before the NCLT against another company the elder promoter directs. Local press reports on its unpaid creditors are cited alongside.
4. Testing the deal team's worry
The analyst writes down a hypothesis: "a material share of the target's purchases go to promoter-linked companies". Anvexer weighs the ledger and registry evidence and rates it supported, lists what would settle it (twelve months of purchase invoices), and notes an alternative explanation: the supplier may have been a genuine third party that the promoter later took over.
The result
The deal team gets a cited file to put in front of the investment committee and the target's lawyers: two undisclosed related parties, one of them a supplier, and an insolvency petition against a sister company. Whether to renegotiate, add warranties or walk away is the committee's decision.