Startup India Government of India
Icorx Services Private Limited - business services in Aurangabad, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2023
₹33.67 Lakh
▲ 223% YoY
Net profit · FY 2023
₹28,713
Net margin 0.9%
EBITDA · FY 2023
₹82,227
EBITDA margin 2.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Icorx Services Private Limited
Data last updated:
Icorx Services Private Limited is a private limited company based in Aurangabad, Maharashtra, India, recognised as a startup by DPIIT. It operates in the security and surveillance segment of the business services sector. It was incorporated on 14 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC345995.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹50,000. It is led by directors Ashwin Jagdish Jaiswal and Pravin Modi.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pravin Prakash Modi Shop No8 Malkhar Classic Garkheda, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2023, the company reported a revenue of ₹33.67 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28,713 (net margin 0.9%) and EBITDA of ₹82,227 (EBITDA margin 2.4%).
Icorx Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0006423). For more details, the company can be reached via its website icorx.com.
Company Details of Icorx Services Private Limited
CIN U72900MH2020PTC345995
Registration Number 345995
Incorporation Date 14 September 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-04-0006423
Recognitions & Rankings of Icorx Services
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-04-0006423
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressPravin Prakash Modi Shop No8 Malkhar Classic Garkheda, Aurangabad, Maharashtra, India – 431001
- IndustryBusiness Services, Security & Surveillance
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Business Activity of Icorx Services Private Limited
The main business activity of Icorx Services is education. In detail, this covers education.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| P | Education | 85 | Education | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Icorx Services Private Limited FY 2025 filings available
Icorx Services Private Limited reported revenue of ₹33.67 Lakh (up 223% YoY) for FY 2023.
Revenue · FY 2023
₹33.67 Lakh ▲ 223%
Net profit · FY 2023
₹28,713 margin 0.9%
EBITDA · FY 2023
₹82,227 margin 2.4%
Compounded Annual Growth Rate (CAGR) of Icorx Services Private Limited
Revenue CAGR growth
1 year
▲ 223%
EBITDA CAGR growth
1 year
▲ 187%
Revenue rose 223% in the latest year. EBITDA rose 187% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Icorx Services Private Limited
| Metrics | 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 | ₹82,227 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹28,713 | •••• | •••• |
| 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 Icorx Services Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.4% | •••• | •••• |
| 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 Icorx Services are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Board of Directors of Icorx Services Private Limited
Icorx Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Jagdish Jaiswal | Director | 14 Sep 2020 | 6 Years 1 Months | Current |
| Pravin Modi | Director | 14 Sep 2020 | 6 Years 1 Months | Current |
Peer Comparison of Icorx Services Private Limited
Icorx Services Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Security Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JM Swastika Security Services Private Limited | ₹33.97 Lakh (FY 2022) | •••• | •••• | 35.0% | •••• | Kendrapara, Odisha, India |
| Kerala Ex Servicemen Service Organisation Pvt Ltd | ₹33.91 Lakh (FY 2025) | •••• | •••• | -60.0% | •••• | Kochi, Kerala, India |
| Welvaart Business Solutions Private Limited | ₹33.91 Lakh (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Shri Sai Investigation and Security Services Private Limited | ₹33.7 Lakh (FY 2019) | •••• | •••• | 13.0% | •••• | Gwalior, Madhya Pradesh, India |
| Delight Placement & Security Solutions Private Limited | ₹33.67 Lakh (FY 2024) | •••• | •••• | •••• | Barasat, West Bengal, India | |
| Icorx Services Private Limited this company | ₹33.67 Lakh (FY 2023) | •••• | •••• | 223.0% | •••• | Aurangabad, Maharashtra, India |
| Green 21 SF Security Services Private Limited | ₹33.59 Lakh (FY 2025) | •••• | •••• | 56.0% | •••• | Bangalore, Karnataka, India |
| Dynamic Personnel Security Services Private Limited | ₹33.55 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Ultreos India Solutions Private Limited | ₹33.55 Lakh (FY 2024) | •••• | •••• | 1781.0% | •••• | Patna, Bihar, India |
| Royal Force Security Services Private Limited | ₹33.46 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Unified Security and Facilities Management Services Private Limited | ₹33.37 Lakh (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Icorx Services by revenue in the Business Services industry (Security Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Icorx Services Private Limited
Icorx Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icorx Services Private Limited
Employment history and EPFO contributions of people linked to Icorx Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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Recent Activity on Icorx Services Private Limited
Icorx Services Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ashwin Jagdish Jaiswal was appointed as Director on 14 Sep 2020.
AGM
Icorx Services Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Icorx Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Appointed
Ashwin Jagdish Jaiswal was appointed as Director.
Appointed
Pravin Modi was appointed as Director.
Incorporation
14 Sep 2020
Icorx Services Private Limited was registered on 14 Sep 2020 with Roc Mumbai Ii & aged 6 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Icorx Services Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by Icorx Services Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Icorx Services Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Icorx Services Private Limited
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Icorx Services Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Icorx Services Private Limited
Icorx Services is an active private limited company based in Aurangabad, Maharashtra, India. The company works in security and surveillance, within the business services industry. It was incorporated on 14 September 2020 (6+ years old) and is registered under CIN U72900MH2020PTC345995.
Icorx Services reported revenue of ₹33.67 Lakh for FY 2023 (up 223% YoY).
Icorx Services has 2 current directors:
- Ashwin Jagdish Jaiswal - Director
- Pravin Modi - Director
Icorx Services reported a net profit of ₹28,713 (net margin 0.9%) and EBITDA of ₹82,227 (EBITDA margin 2.4%) for FY 2023, as per its filed financial statements.
The CIN (Corporate Identification Number) of Icorx Services is U72900MH2020PTC345995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icorx Services was incorporated on 14 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Icorx Services by revenue are JM Swastika Security Services Private Limited, Kerala Ex Servicemen Service Organisation Pvt Ltd, Welvaart Business Solutions Private Limited, Shri Sai Investigation and Security Services Private Limited, Delight Placement & Security Solutions Private Limited and 5 more, all in the Business Services industry (Security Services).
Ashwin Jagdish Jaiswal was appointed as Director on 14 Sep 2020. Pravin Modi was appointed as Director on 14 Sep 2020.
Yes, Icorx Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Icorx Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-04-0006423).
Icorx Services can be reached through the website icorx.com. Its registered office is in Aurangabad, Maharashtra, India.