About Icd Studios Private Limited
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Icd Studios Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online gaming platforms segment of the internet and digital services sector. It was incorporated on 11 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2017PTC293704. Its GSTIN is 27AAECI4625G2ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sawan Kumar Prusti and Kalpesh Girdharbhai Kheradia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 305 Sheetal Enclave Mindspace Off Link Road Malad (W), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.52 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹72,597 (net margin -0.9%) and EBITDA of ₹2.26 Lakh (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icdstudios.biz.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address305 Sheetal Enclave Mindspace Off Link Road Malad (W), Mumbai, Maharashtra, India – 400064
- IndustryInternet, Online Gaming Platforms
- 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 Icd Studios Private Limited
The main business activity of Icd Studios is professional, scientific and technical activities. 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 activities | 74 | 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 Icd Studios Private Limited FY 2025 filings available
Icd Studios Private Limited reported revenue of ₹76.52 Lakh (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icd Studios Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 9% fall in the latest year. EBITDA rose 244% 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 Icd Studios 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 | ₹2.26 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹72,597 | •••• | •••• | •••• | •••• |
| 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 Icd Studios Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.9% | •••• | •••• | •••• | •••• |
| 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 Icd Studios are in the company report.
Financial statements from FY 2018
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 Icd Studios Private Limited
Icd Studios Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Gaming Portal). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Betteropinions Media Private Limited | ₹85.7 Lakh (FY 2024) | •••• | •••• | -55.0% | •••• | Gurugram, Haryana, India |
| Appindia Technologies Private Limited | ₹80.6 Lakh (FY 2024) | •••• | •••• | -15.0% | •••• | Rajkot, Gujarat, India |
| Dreamstead Interactive Private Limited | ₹77.26 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Beatfantasy Technologies Private Limited | ₹77.1 Lakh (FY 2025) | •••• | •••• | 114.0% | •••• | Kolkata, West Bengal, India |
| Dotball Interactive Private Limited | ₹76.8 Lakh (FY 2020) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Icd Studios Private Limited this company | ₹76.52 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Gladiaators Esports and Entertainment Private Limited | ₹75.81 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Hyderabad, Telangana, India |
| Mintiq Technologies Private Limited | ₹72.02 Lakh (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Nilee Games and Future Technologies Private Limited | ₹71.74 Lakh (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| NXGN Sports Interactive Private Limited | ₹71.51 Lakh (FY 2024) | •••• | •••• | 235.0% | •••• | Ahmedabad, Gujarat, India |
| Yoursalescart Solutions Private Limited | ₹70.64 Lakh (FY 2024) | •••• | •••• | 1641.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Icd Studios by revenue in the Ecommerce and Internet industry (Gaming Portal), 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 Icd Studios Private Limited
Icd Studios Private Limited is audited by ADATIYA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ADATIYA & 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 Icd Studios Private Limited
Icd Studios has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sawan Kumar Prusti Also directs: Icube Design Studios LLP | Director | 11 Apr 2017 | 9 Years 5 Months | Current |
| Kalpesh Girdharbhai Kheradia | Director | 11 Apr 2017 | 9 Years 5 Months | Current |
| Khushboo Kalpesh Kheradia | Director | 25 Aug 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Icd Studios 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 Icd Studios Private Limited
Icd Studios Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icd Studios Private Limited
Employment history and EPFO contributions of people linked to Icd Studios.
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 Icd Studios Private Limited
Icd Studios Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Khushboo Kalpesh Kheradia was appointed as Director on 25 Aug 2021.
Credit Ratings, Litigation & Regulatory Alerts for Icd Studios 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 Icd Studios 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 Icd Studios 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 Icd Studios Private Limited
Icd Studios has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI4625G2ZM | Maharashtra | Active | 28 Jun 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 Icd Studios 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 Icd Studios Private Limited
Icd Studios is an active private limited company based in Mumbai, Maharashtra, India. The company works in online gaming platforms, within the internet industry. It was incorporated on 11 April 2017 (9+ years old) and is registered under CIN U72900MH2017PTC293704.
Icd Studios reported revenue of ₹76.52 Lakh for FY 2025 (down 9% YoY).
Icd Studios has 3 current directors:
- Sawan Kumar Prusti - Director
- Kalpesh Girdharbhai Kheradia - Director
- Khushboo Kalpesh Kheradia - Director
Icd Studios reported a net loss of ₹72,597 (net margin -0.9%) and EBITDA of ₹2.26 Lakh (EBITDA margin 2.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icd Studios is -15% over three years and -1% over five years. In the latest year (FY 2025) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icd Studios is 27AAECI4625G2ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Icd Studios is U72900MH2017PTC293704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icd Studios was incorporated on 11 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Icd Studios by revenue are Betteropinions Media Private Limited, Appindia Technologies Private Limited, Dreamstead Interactive Private Limited, Beatfantasy Technologies Private Limited, Dotball Interactive Private Limited and 5 more, all in the Ecommerce and Internet industry (Gaming Portal).
Khushboo Kalpesh Kheradia was appointed as Director on 25 Aug 2021. Kalpesh Girdharbhai Kheradia was appointed as Director on 11 Apr 2017. Sawan Kumar Prusti was appointed as Director on 11 Apr 2017.
Icd Studios can be reached through the website icdstudios.biz. Its registered office is in Mumbai, Maharashtra, India.