About Incalus Management India Private Limited
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Incalus Management India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Incalus Management Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 11 August 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72901MH2022FTC388440. Its GSTIN is 27AAGCI8054B1ZO (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Uma Ashok Shetty and Kunal Girish Bavishi.
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 B – 102 Siddhi Env Clave Nanda Patkar Road Vile Parle East Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.41 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹23.25 Lakh (net margin 9.7%) and EBITDA of ₹33.57 Lakh (EBITDA margin 14%).
For more details, the company can be reached via its website incalus.com.
Company details
Contact details
Incalus Management India Private Limited's registered office is in Mumbai, Maharashtra. Its website is incalus.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – 102 Siddhi Env Clave Nanda Patkar Road Vile Parle East Mumbai, Maharashtra, India – 400057
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Incalus Management India Private Limited, 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
Business activity
The main business activity of Incalus Management India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Incalus Management India Private Limited, buy the company report.
Financials of Incalus Management India Private Limited
FY 2025 filings availableIncalus Management India Private Limited reported revenue of ₹2.41 Cr (up 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year. EBITDA rose 70% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA | ₹33.57 Lakh | ||
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| Net Profit (PAT) | ₹23.25 Lakh | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| Profitability | |||
| EBITDA Margin | 14% | ||
| Net Profit Margin | 9.7% | ||
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To see the full financial statements and ratios of Incalus Management India Private Limited, buy the company report.
Board of directors of Incalus Management India Private Limited
Incalus Management India has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uma Ashok Shetty | Director | 11 Aug 2022 | 4 Years 3 Months | Current |
| Kunal Girish Bavishi Also directs: Beam Avenue Financial Services LLP, Transivo Ventures LLP | Director | 11 Aug 2022 | 4 Years 3 Months | Current |
| Ashok Sanjiva Shetty | Director | 11 Aug 2022 | 4 Years 3 Months | Current |
Peer comparison
Incalus Management India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techasoft Private Limited | ₹2.41 Cr (FY 2024) | 77.0% | Bangalore, Karnataka, India | |||
| Aarika Innovations Private Limited | ₹2.41 Cr (FY 2025) | 22.0% | Raipur, Chhattisgarh, India | |||
| Lifo Technologies Private Limited | ₹2.41 Cr (FY 2024) | 8.0% | Chennai, Tamil Nadu, India | |||
| Intuisyz Technologies Private Limited | ₹2.41 Cr (FY 2025) | 8.0% | Ernakulam, Kerala, India | |||
| Incalus Management India Private Limitedthis company | ₹2.41 Cr (FY 2025) | ₹23.25 Lakh | 9.7% | 75.0% | Mumbai, Maharashtra, India | |
| Augmentiq Data Sciences Private Limited | ₹2.4 Cr (FY 2016) | 4.0% | Pune, Maharashtra, India | |||
| Escape System Consultants Pvt Ltd | ₹2.4 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Brownarc Enterprises Private Limited | ₹2.4 Cr (FY 2025) | 8.0% | Coimbatore, Tamil Nadu, India | |||
| Sahaj Infotech Private Limited | ₹2.4 Cr (FY 2025) | -15.0% | Delhi, India | |||
| Wep Digital Services Limited | ₹2.4 Cr (FY 2021) | -15.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Incalus Management India Private Limited, buy the company report.
Auditor
Incalus Management India Private Limited is audited by Harish Karkal and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Harish Karkal and Co | FY 2023 | 017309S |
Shareholding
The shareholding of Incalus Management India Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Incalus Management India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Incalus Management India Private Limited 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 Incalus Management India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Incalus Management India Private Limited has 1 active EPFO establishment as of Nov 12, 2026.
GST
Incalus Management India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCI8054B1ZO | Maharashtra | Active | 25 May 2023 |
To see the full GST registrations and return filing status of Incalus Management India Private Limited, buy the company report.
Recent activity
Incalus Management India Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Ashok Sanjiva Shetty was appointed as Director on 11 Aug 2022.
Frequently asked questions
Incalus Management India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 11 August 2022 (4+ years old) and is registered under CIN U72901MH2022FTC388440.
Incalus Management India has 3 current directors:
- Uma Ashok Shetty - Director
- Kunal Girish Bavishi - Director
- Ashok Sanjiva Shetty - Director
The latest financial statements of Incalus Management India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Incalus Management India is 27AAGCI8054B1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Incalus Management India is U72901MH2022FTC388440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incalus Management India was incorporated on 11 August 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Incalus Management India by revenue are Techasoft Private Limited, Aarika Innovations Private Limited, Lifo Technologies Private Limited, Intuisyz Technologies Private Limited, Augmentiq Data Sciences Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Ashok Sanjiva Shetty was appointed as Director on 11 Aug 2022. Kunal Girish Bavishi was appointed as Director on 11 Aug 2022. Uma Ashok Shetty was appointed as Director on 11 Aug 2022.
Incalus Management India can be reached through the website incalus.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Incalus Management India is at B – 102 Siddhi Env Clave Nanda Patkar Road Vile Parle East Mumbai, Maharashtra, India – 400057.
Incalus Management India operates in the information technology industry, in the IT consulting and support services segment.
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