Startup India Government of India
Arkay Iconic Private Limited - infrastructure and utilities in Amreli, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.39 Cr
▼ 19% YoY
Net profit · FY 2024
₹19.36 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.79 Cr
EBITDA margin 6.5%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹17.5 Cr
Satisfied ₹63.65 Lakh
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
About Arkay Iconic Private Limited
Data last updated:
Arkay Iconic Private Limited is a private limited company based in Amreli, Gujarat, India, recognised as a startup by DPIIT. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 25 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2020PTC116825. Its GSTIN is 24AAUCA1043L1ZK (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Mayank Babubhai Sangani and Heena Maulik Kachhadiya.
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 Patel Boarding Shop No. 13 Station Road, Amreli, Gujarat, India – 365601.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.39 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹19.36 Lakh (net margin 0.7%) and EBITDA of ₹1.79 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 142% over three years.
The company is associated with 1 brand: Arkay Solar Energy. As per MCA filings, the company has open charges of ₹17.5 Cr and satisfied charges of ₹63.65 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Arkay Iconic Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-02-0000474). For more details, the company can be reached via its website arkaysolar.in.
Company details
CIN U40106GJ2020PTC116825
Registration Number 116825
Incorporation Date 25 September 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-GJ-02-0000474
Key People
Mayank Babubhai Sangani Director Heena Maulik Kachhadiya Director Maulik Jayantibhai Kachhadiya Director Recognitions & Rankings of Arkay Iconic
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-02-0000474
Contact details
Arkay Iconic Private Limited's registered office is in Amreli, Gujarat. Its website is arkaysolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPatel Boarding Shop No. 13 Station Road, Amreli, Gujarat, India – 365601
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Arkay Iconic Private Limited, buy the company report.
Comprehensive company report
Arkay Iconic Private Limited - one report that includes everything
- 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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Brands
Arkay Iconic operates one associated brand: Arkay Solar Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar rooftop installations and maintenance for residential and commercial clients. | arkaysolar.in |
Business activity
The main business activity of Arkay Iconic is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Arkay Iconic Private Limited, buy the company report.
Financials of Arkay Iconic Private Limited
FY 2025 filings availableArkay Iconic Private Limited reported revenue of ₹27.39 Cr (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹27.39 Cr ▼ 19%
Net profit · FY 2024
₹19.36 Lakh margin 0.7%
EBITDA · FY 2024
₹1.79 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 142%
EBITDA CAGR growth
1 year
▲ 378%
3 years · compounded
▲ 566%
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 142%. EBITDA rose 378% 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
| Metrics | 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 | ₹1.79 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹19.36 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.5% | |||
| Net Profit Margin | 0.7% | |||
| 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 | ||||
To see the full financial statements and ratios of Arkay Iconic Private Limited, buy the company report.
Board of directors of Arkay Iconic Private Limited
Arkay Iconic has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Babubhai Sangani | Director | 16 Jul 2022 | 4 Years 3 Months | Current |
| Heena Maulik Kachhadiya Also directs: Arkay Nutri Foods LLP, Arkay Nutri Foods Private Limited | Director | 25 Sep 2020 | 6 Years 1 Months | Current |
| Maulik Jayantibhai Kachhadiya Also directs: Arkay Green Power Infra Private Limited, Arkay Iconic (UK) Private Limited, Bluegen Energy Private Limited and 1 more | Director | 25 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Arkay Iconic Private Limited is audited by DDM & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DDM & Associates | FY 2023 | 133446W |
Shareholding
The shareholding of Arkay Iconic Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Arkay Iconic Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.5 Cr
Satisfied charges
₹63.65 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101215505 | State Bank of India | ₹13 Cr | Open | |
| 08 Aug 2023 | 100812678 | Others | ₹4.5 Cr | Open | |
| 27 Jan 2022 | 100535740 | Idbi Bank Limited | ₹63.65 Lakh | Satisfied |
To see the full charge records of Arkay Iconic Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Arkay Iconic Private Limited has 2 court cases on record: 1 filed by Arkay Iconic, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (SCR.A) | Filed against the company by M/S Mamta Enterprise Thro Mamta W/O Nandansingh Rawat and 5 others | Disposed |
| District court, Amreli, Gujarat | Criminal complaint | Filed by the company against M/S Mamta Enterprises and 1 other | Disposed |
To see the full case history of Arkay Iconic Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arkay Iconic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arkay Iconic Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Arkay Iconic has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCA1043L1ZK | Gujarat | Active | 14 Oct 2020 |
| 05AAUCA1043L1ZK | Uttarakhand | Active | 26 Nov 2020 |
To see the full GST registrations and return filing status of Arkay Iconic Private Limited, buy the company report.
Recent activity
Arkay Iconic Private Limited has 5 board changes on record since 2020: 3 appointments and 2 cessations. The latest: Hardikbhai Katharotiya ceased to be Director on 30 Nov 2024.
Charges
A charge with State Bank Of India amounted to Rs. 1,300.00 Lakh with Charge ID 101215505 was registered on 22 Dec 2025.
AGM
Arkay Iconic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 27 Jan 2022 via Charge ID 100535740 with Idbi Bank Limited was fully satisfied on 22 Apr 2025.
Filing
Arkay Iconic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Hardikbhai Katharotiya ceased to be Director.
Ceased
Hardikbhai Savaliya ceased to be Director.
Charges
A charge with Others amounted to Rs. 450.00 Lakh with Charge ID 100812678 was registered on 08 Aug 2023.
Appointed
Mayank Babubhai Sangani was appointed as Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 63.65 Lakh with Charge ID 100535740 was registered on 27 Jan 2022.
Appointed
Heena Maulik Kachhadiya was appointed as Director.
Appointed
Maulik Jayantibhai Kachhadiya was appointed as Director.
Incorporation
25 Sep 2020
Arkay Iconic Private Limited was registered on 25 Sep 2020 with Roc Ahmedabad & aged 6 years 1 month as per MCA records.
Frequently asked questions
Arkay Iconic is an active private limited company based in Amreli, Gujarat, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 25 September 2020 (6+ years old) and is registered under CIN U40106GJ2020PTC116825.
Arkay Iconic has 3 current directors:
- Mayank Babubhai Sangani - Director
- Heena Maulik Kachhadiya - Director
- Maulik Jayantibhai Kachhadiya - Director
The latest financial statements of Arkay Iconic 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 2021 are in the company report.
The GSTIN of Arkay Iconic is 24AAUCA1043L1ZK, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 05AAUCA1043L1ZK (Uttarakhand).
The CIN (Corporate Identification Number) of Arkay Iconic is U40106GJ2020PTC116825. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arkay Iconic has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Arkay Iconic was incorporated on 25 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hardikbhai Katharotiya ceased to be Director on 30 Nov 2024. Hardikbhai Savaliya ceased to be Director on 30 Nov 2024. Mayank Babubhai Sangani was appointed as Director on 16 Jul 2022. Arkay Iconic has 5 board changes on record in total.
Yes, Arkay Iconic is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Arkay Iconic is registered as an MSME under Udyam registration (number: UDYAM-GJ-02-0000474).