About Icaa MFD Association
Data last updated:
Icaa MFD Association is a private not for profit company based in Kolkata, West Bengal, India. It operates in the service-based operations segment of the diversified industries sector. It was incorporated on 14 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U93000WB2016NPL210296.
The company has an authorised share capital of ₹1 Lakh. It was formerly known as Independent Consultants and Advisors Association. It is led by directors including Sujan Das and Goutam Karmakar.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6/B Bentinck Street 1st Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.94 Lakh, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹43,453 (net margin 0.8%) and EBITDA of ₹45,870 (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 191% over three years and 124% over five years.
The company is associated with 1 brand: ICAA.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icaaindia.org.
Company details
Contact details
Icaa MFD Association's registered office is in Kolkata, West Bengal. Its website is icaaindia.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6/B Bentinck Street 1st Floor, Kolkata, West Bengal, India – 700001
- IndustryOther Industry, Other Services
To see the full contact details of Icaa MFD Association, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Icaa MFD Association operates one associated brand: ICAA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Association for mutual fund distributors offering trainings and benefits in the finance sector. | icaaindia.org |
Business activity
The main business activity of Icaa MFD Association is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Icaa MFD Association, buy the company report.
Financials of Icaa MFD Association
FY 2025 filings availableIcaa MFD Association reported revenue of ₹54.94 Lakh (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 124% over five years, including 51% growth in the latest year. EBITDA fell 21% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹45,870 | ||||
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| Net Profit (PAT) | ₹43,453 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Icaa MFD Association, buy the company report.
Board of directors of Icaa MFD Association
Icaa MFD Association has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujan Das Also directs: Sribridhi Foundation | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Goutam Karmakar | Director | 14 Mar 2016 | 10 Years 8 Months | Current |
| Swapan Santra | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Jayati Karmakar Also directs: Skilledge Digigurukul Academy Private Limited | Director | 30 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Icaa MFD Association is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rupa Chits (Mysore) Private Limited | ₹55.03 Lakh (FY 2024) | -4.0% | Mysore, Karnataka, India | |||
| Visan Holdings Private Limited | ₹55 Lakh (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Kshemya Capital Private Limited | ₹54.96 Lakh (FY 2025) | -54.0% | Mumbai, Maharashtra, India | |||
| Swantham Chits India Private Limited | ₹54.96 Lakh (FY 2025) | 510.0% | Ernakulam, Kerala, India | |||
| Shiva Vallabha Chit Funds Private Limited | ₹54.95 Lakh (FY 2025) | 201.0% | Zaheerabad, Telangana, India | |||
| Icaa MFD Associationthis company | ₹54.94 Lakh (FY 2025) | ₹43,453 | 0.8% | 51.0% | Kolkata, West Bengal, India | |
| Correo Marketings Pvt. Ltd. | ₹54.92 Lakh (FY 2025) | 4.0% | Delhi, India | |||
| Infines Commodities Private Limited | ₹54.9 Lakh (FY 2024) | 10.0% | Mumbai, Maharashtra, India | |||
| Achieve Goals Business Auxiliary Services Private Limited | ₹54.9 Lakh (FY 2025) | Gurgaon, Haryana, India | ||||
| Aarnavitt Enterprises Private Limited | ₹54.85 Lakh (FY 2025) | 29.0% | Thane, Maharashtra, India | |||
| Link Agencies Private Limited | ₹54.78 Lakh (FY 2025) | -26.0% | New Delhi, Delhi, India |
To see the full peer comparison of Icaa MFD Association, buy the company report.
Auditor
Icaa MFD Association is audited by ARUNAVA BHATTACHARYA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARUNAVA BHATTACHARYA & ASSOCIATES | FY 2019 |
Shareholding
The shareholding of Icaa MFD Association is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public |
To see the full shareholding pattern of Icaa MFD Association, buy the company report.
Legal cases
No court or tribunal cases involving Icaa MFD Association are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icaa MFD Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Icaa MFD Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Icaa MFD Association has 15 board changes on record since 2016: 4 appointments and 11 cessations. The latest: Jayati Karmakar ceased to be Additional Director on 26 Sep 2025.
6 earlier events are in the company report.
Frequently asked questions
Icaa MFD Association is an active private not for profit company based in Kolkata, West Bengal, India. The company works in other services, within the other industry industry. It was incorporated on 14 March 2016 (10+ years old) and is registered under CIN U93000WB2016NPL210296.
Icaa MFD Association has 4 current directors:
- Sujan Das - Director
- Goutam Karmakar - Director
- Swapan Santra - Director
- Jayati Karmakar - Director
The latest financial statements of Icaa MFD Association on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Icaa MFD Association is U93000WB2016NPL210296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icaa MFD Association was incorporated on 14 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Icaa MFD Association by revenue are Rupa Chits (Mysore) Private Limited, Visan Holdings Private Limited, Kshemya Capital Private Limited, Swantham Chits India Private Limited, Shiva Vallabha Chit Funds Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Jayati Karmakar ceased to be Additional Director on 26 Sep 2025. Sujan Das ceased to be Additional Director on 26 Sep 2025. Sujan Das was appointed as Director on 01 Sep 2025. Icaa MFD Association has 15 board changes on record in total.
Icaa MFD Association can be reached through the website icaaindia.org. Its registered office is in Kolkata, West Bengal, India.
The registered office of Icaa MFD Association is at 6B Bentinck Street 1st Floor, Kolkata, West Bengal, India – 700001.
Icaa MFD Association operates in the other industry industry, in the other services segment.
The compliance status of Icaa MFD Association is compliant as of 03 July 2026. The company is actively filing with the Registrar of Companies.
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