Investigation overview · MER-2026-014

Project MeridianIn review · Draft v2.0

Kelvoran Industrial Systems Private Limited. Counterparty due diligence ahead of appointing the target as a regional systems-integration partner.

Risk exposure by module and target

Highest rating per module. Select a cell to open the filtered matrix.

Highest risk level for each module and target. Select a cell to open the filtered risk matrix.
Module	Kelvoran	I. Mehra	K. Raman	N. Kapadia	Rivanta LLP
Reputational	None	None	None	None	Low1
Sanctions & PEP	Low1	Moderate1	Low1	None	High1
Financial	Low1	None	None	None	None
Legal	Moderate1	Low1	None	None	Moderate1
Regulatory	Low1	None	None	Low1	None
Other	Low1	None	None	None	None

13 findings across 5 targets

13findings

Ordered by severity

Criterion assessments completed per module, across all targets

Hatched segments are criteria outside scope or not determinable. They are reported as “not assessed”, never as “no risk”.

Entities and individuals in scope

Target	Type	Highest rating	Findings	Evidence
Kelvoran Industrial Systems Pvt. Ltd.Target entity	Company	Moderate risk	6	23
Ishaan MehraManaging Director	Individual	Moderate risk	2	9
Kavya RamanWhole-Time Director & CFO	Individual	Low risk	1	5
Neel KapadiaNon-Executive Director	Individual	Low risk	1	5
Rivanta Engineering Services LLPAssociated entity	Associated entity	High risk	3	12

To close before the report is finalised

Synthetic activity log