About Icarusnova Discovery Private Limited
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Icarusnova Discovery Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Icarus Design Private Limited. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 01 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2012PTC066552. Its GSTIN is 29AADCI1595E1ZH (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Usha Elizabeth Gergan and Sapna Behar.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.6 Madras Bank Road No.9 Sbi Road Museum Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.05 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹43.64 Lakh (net margin -21.3%) and EBITDA of -₹37.07 Lakh (EBITDA margin -18.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icarus.co.in.
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- TelephoneLocked
- Website
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- Registered AddressNo.6 Madras Bank Road No.9 Sbi Road Museum Road, Bangalore, Karnataka, India – 560001
- IndustryHealthcare, HealthTech & Medical Tech Solutions
- 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
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Business Activity of Icarusnova Discovery Private Limited
The main business activity of Icarusnova Discovery is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Icarusnova Discovery Private Limited FY 2025 filings available
Icarusnova Discovery Private Limited reported revenue of ₹2.05 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icarusnova Discovery Private Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 246% 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 of Icarusnova Discovery Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹37.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹43.64 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Icarusnova Discovery Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -21.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Icarusnova Discovery are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Icarusnova Discovery Private Limited
Icarusnova Discovery Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synapsica Healthcare Private Limited | ₹2.07 Cr (FY 2021) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Synapsica Technologies Private Limited | ₹2.07 Cr (FY 2021) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Curapy Health Private Limited | ₹2.05 Cr (FY 2025) | •••• | •••• | 1521.0% | •••• | Bangalore, Karnataka, India |
| Isiri Technologies Private Limited | ₹2.05 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Mangalore, Karnataka, India |
| Lisam Systems India Private Limited | ₹2.05 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Dehradun, Uttarakhand, India |
| Icarusnova Discovery Private Limited this company | ₹2.05 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Bangalore, Karnataka, India |
| Care Data Infomatics Private Limited | ₹2.03 Cr (FY 2021) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| 3Dent DDS Private Limited | ₹2.03 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Premedai Labs Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Bestdoc Technology Private Limited | ₹2 Cr (FY 2022) | •••• | •••• | 63.0% | •••• | Ernakulam, Kerala, India |
| Searchlight Health Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Icarusnova Discovery by revenue in the Healthcare industry (Healthcare Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Icarusnova Discovery Private Limited
Icarusnova Discovery Private Limited is audited by MANOJ SHAH & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOJ SHAH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Icarusnova Discovery Private Limited
Icarusnova Discovery has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Elizabeth Gergan Also directs: Icarus Design Private Limited | Director | 01 Nov 2012 | 13 Years 11 Months | Current |
| Sapna Behar Also directs: Icarus Design Private Limited | Director | 01 Nov 2012 | 13 Years 11 Months | Current |
| George Mathews Also directs: Icarus Design Private Limited | Director | 01 Nov 2012 | 13 Years 11 Months | Current |
Ownership and Shareholding of Icarusnova Discovery Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Icarusnova Discovery Private Limited
Icarusnova Discovery Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icarusnova Discovery Private Limited
Icarusnova Discovery Private Limited has a workforce of 13 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Icarusnova Discovery Private Limited
Icarusnova Discovery Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Sunil Sudhakaran ceased to be Director on 14 May 2013.
Credit Ratings, Litigation & Regulatory Alerts for Icarusnova Discovery Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Icarusnova Discovery Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Icarusnova Discovery Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Icarusnova Discovery Private Limited
Icarusnova Discovery has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI1595E1ZH | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Icarusnova Discovery Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Icarusnova Discovery Private Limited
Icarusnova Discovery is an active private limited company based in Bangalore, Karnataka, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 01 November 2012 (14+ years old) and is registered under CIN U74900KA2012PTC066552.
Icarusnova Discovery reported revenue of ₹2.05 Cr for FY 2025 (down 42% YoY).
Icarusnova Discovery has 3 current directors:
- Usha Elizabeth Gergan - Director
- Sapna Behar - Director
- George Mathews - Director
Icarusnova Discovery reported a net loss of ₹43.64 Lakh (net margin -21.3%) and EBITDA of -₹37.07 Lakh (EBITDA margin -18.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icarusnova Discovery is 5% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icarusnova Discovery is 29AADCI1595E1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Icarusnova Discovery is U74900KA2012PTC066552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icarusnova Discovery was incorporated on 01 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Icarusnova Discovery by revenue are Synapsica Healthcare Private Limited, Synapsica Technologies Private Limited, Curapy Health Private Limited, Isiri Technologies Private Limited, Lisam Systems India Private Limited and 5 more, all in the Healthcare industry (Healthcare Technology).
Sunil Sudhakaran ceased to be Director on 14 May 2013. George Mathews was appointed as Director on 01 Nov 2012. Sapna Behar was appointed as Director on 01 Nov 2012. Icarusnova Discovery has 4 board changes on record in total.
Icarusnova Discovery can be reached through the website icarus.co.in. Its registered office is in Bangalore, Karnataka, India.