MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-02-0042656
Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited - consumer electronics & durables in Anekal, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.46 Cr
▲ 19324% YoY
Net loss · FY 2025
₹1.21 Cr
Net margin -16.2%
EBITDA · FY 2025
₹1.02 Cr
EBITDA margin 13.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Igi Advanced Systems Private Limited
Data last updated:
Igi Advanced Systems Private Limited is a private limited company based in Anekal, Karnataka, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 09 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36109KA2021PTC154081. Its GSTIN is 29AAGCI3976A1ZH (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Wricha Kulshreshtha and Rajesh Ashwath Narayan.
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 Anekal, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.46 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.21 Cr (net margin -16.2%) and EBITDA of ₹1.02 Cr (EBITDA margin 13.7%).
Court records list 1 case involving the company; 1 case is pending.
Igi Advanced Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0042656).
Company Details of Igi Advanced Systems Private Limited
CIN U36109KA2021PTC154081
Registration Number 154081
Incorporation Date 09 November 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-02-0042656
Recognitions & Rankings of Igi Advanced Systems
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressSy No.13/2 100 Feet Road Block 5, Jigala, Anekal, Karnataka, India – 562107
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
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Igi Advanced Systems Private Limited - one report that includes everything
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Business Activity of Igi Advanced Systems Private Limited
The main business activity of Igi Advanced Systems is manufacturing. In detail, this covers manufacture of fabricated metal products, except machinery and equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 25 | Manufacture of fabricated metal products, except machinery and equipment | 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 Igi Advanced Systems Private Limited FY 2025 filings available
Igi Advanced Systems Private Limited reported revenue of ₹7.46 Cr (up 19324% YoY) for FY 2025.
Revenue · FY 2025
₹7.46 Cr ▲ 19324%
Net loss · FY 2025
₹1.21 Cr margin -16.2%
EBITDA · FY 2025
₹1.02 Cr margin 13.7%
Financial Statement Summary of Igi Advanced Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹1.02 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.21 Cr | •••• | •••• | •••• |
| 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 Igi Advanced Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.7% | •••• | •••• | •••• |
| Net Profit Margin | -16.2% | •••• | •••• | •••• |
| 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 Igi Advanced Systems are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
Board of Directors of Igi Advanced Systems Private Limited
Igi Advanced Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Wricha Kulshreshtha Also directs: Igi Corporation Private Limited | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Rajesh Ashwath Narayan Also directs: Igi Corporation Private Limited | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
Peer Comparison of Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D P Woodtech Private Limited | ₹7.55 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Faridabad, Haryana, India |
| Visaavaa Industries Private Limited | ₹7.54 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Lucknow, Uttar Pradesh, India |
| Amc Manufacturing India Private Limited | ₹7.52 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Pune, Maharashtra, India |
| Upvc Technocrats Private Limited | ₹7.51 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Indore, Madhya Pradesh, India |
| Ibis Designs Private Limited | ₹7.5 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Mulund, Mumbai, Maharashtra, India |
| Igi Advanced Systems Private Limited this company | ₹7.46 Cr (FY 2025) | •••• | •••• | 19324.0% | •••• | Anekal, Karnataka, India |
| Hans Furniture Studio Private Limited | ₹7.44 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Gurugram, Haryana, India |
| Torque Innovations Private Limited | ₹7.44 Cr (FY 2025) | •••• | •••• | 4786.0% | •••• | Thane, Maharashtra, India |
| Dazzle International Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Saharanpur, Uttar Pradesh, India |
| Fusion Furnish (India) Private Limited | ₹7.42 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Noida, Uttar Pradesh, India |
| Geeken Design Concepts Private Limited | ₹7.41 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Igi Advanced Systems by revenue in the Consumer Durables industry (Furniture), 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 Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited is audited by S Kumar for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S Kumar | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Igi Advanced Systems Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 21 Sep 2026.
Total cases
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Company is another party | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited has a workforce of 0 employees as of Mar 31, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Igi Advanced Systems Private Limited
Igi Advanced Systems Private Limited has 6 board changes on record since 2024: 2 appointments and 4 cessations. The latest: Rajesh Ashwath Narayan ceased to be Additional Director on 29 Sep 2024.
AGM
Igi Advanced Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Igi Advanced Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Rajesh Ashwath Narayan ceased to be Additional Director.
Ceased
Wricha Kulshreshtha ceased to be Additional Director.
Ceased
Bangalore Vedanarayana Prashanth Kumar ceased to be Director.
Ceased
Vishalkumar Subbanna Shetty ceased to be Director.
Appointed
Rajesh Ashwath Narayan was appointed as Director.
Appointed
Wricha Kulshreshtha was appointed as Director.
Incorporation
09 Nov 2021
Igi Advanced Systems Private Limited was registered on 09 Nov 2021 with Roc Bangalore & aged 4 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Igi Advanced Systems Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Igi Advanced Systems Private Limited
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Subsidiaries & Group Companies of Igi Advanced Systems Private Limited
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Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Igi Advanced Systems Private Limited
Igi Advanced Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCI3976A1ZH | Karnataka | Active | 31 Dec 2021 |
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MCA Filings & Documents of Igi Advanced Systems Private Limited
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Frequently Asked Questions about Igi Advanced Systems Private Limited
Igi Advanced Systems is an active private limited company based in Anekal, Karnataka, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 09 November 2021 (5+ years old) and is registered under CIN U36109KA2021PTC154081.
Igi Advanced Systems reported revenue of ₹7.46 Cr for FY 2025 (up 19324% YoY).
Igi Advanced Systems has 2 current directors:
- Wricha Kulshreshtha - Director
- Rajesh Ashwath Narayan - Director
Igi Advanced Systems reported a net loss of ₹1.21 Cr (net margin -16.2%) and EBITDA of ₹1.02 Cr (EBITDA margin 13.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Igi Advanced Systems is 29AAGCI3976A1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Igi Advanced Systems is U36109KA2021PTC154081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igi Advanced Systems has 1 court case on record. 1 is pending.
Igi Advanced Systems was incorporated on 09 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Igi Advanced Systems by revenue are D P Woodtech Private Limited, Visaavaa Industries Private Limited, Amc Manufacturing India Private Limited, Upvc Technocrats Private Limited, Ibis Designs Private Limited and 5 more, all in the Consumer Durables industry (Furniture).
Rajesh Ashwath Narayan ceased to be Additional Director on 29 Sep 2024. Wricha Kulshreshtha ceased to be Additional Director on 29 Sep 2024. Bangalore Vedanarayana Prashanth Kumar ceased to be Director on 20 Jul 2024. Igi Advanced Systems has 6 board changes on record in total.
Yes, Igi Advanced Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-02-0042656).