Old FRFS has a clean book and I know for fact. The whole thing can be audited and docs filed in few days. They have not done anything crazy not even issuing shares. They issued only shares once. No outside debt or anything.
They had no credit lending business either. That business backed by Gates foundation was independent of FRFS and is still operating in India. Their only business was education software and that is clean only small revenue.
You can't expect a cleaner shell than this.
Fools argue to win, so stay away from them and still say Thank you. Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.