MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0095649
Cicon Engineers Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹251.44 Cr
▲ 16% YoY
Net profit · FY 2025
₹9.31 Cr
Net margin 3.7%
EBITDA · FY 2025
₹19.54 Cr
EBITDA margin 7.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.24 Cr
Issued & subscribed
Open charges
₹201 Cr
Satisfied ₹85.27 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
1,687
Provident fund records
About Cicon Engineers Private Limited
Data last updated:
Cicon Engineers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PTC022047. Its GSTIN is 29AACCC1293J1ZI (Karnataka). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.24 Cr. It is led by directors Munipapegowda Shashidhar (Managing Director) and Bangalore Narayanrao Sandhya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹251.44 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹9.31 Cr (net margin 3.7%) and EBITDA of ₹19.54 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
The company has about 1,687 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cicon Engineers. As per MCA filings, the company has open charges of ₹201 Cr and satisfied charges of ₹85.27 Cr on record. Court records list 46 cases involving the company, including 18 filed by the company and 28 filed against it; 8 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.45 Cr; the latest was in March 2013. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers.
Cicon Engineers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0095649). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cicon.in.
Company details
CIN U85110KA1997PTC022047
Registration Number 022047
Incorporation Date 31 March 1997
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0095649
CIN history
Cicon Engineers has one previous CIN (Corporate Identification Number): U45202KA1997PTC022047. The current CIN is U85110KA1997PTC022047, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1997PTC022047 | Current |
| U45202KA1997PTC022047 | Previous |
Recognitions & Rankings of Cicon Engineers
Contact details
Cicon Engineers Private Limited's registered office is in Bangalore, Karnataka. Its website is cicon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.324/1 Kaggalipura Village, Uttarahalli Hobli Kanakappura Road, Bangalore, Karnataka, India – 560082
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Cicon Engineers Private Limited, buy the company report.
Comprehensive company report
Cicon Engineers 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
Cicon Engineers operates one associated brand: Cicon Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction services encompassing civil, fabrication, and MEP works in Bengaluru. | ciconengineers.in |
Business activity
The main business activity of Cicon Engineers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Cicon Engineers Private Limited, buy the company report.
Financials of Cicon Engineers Private Limited
FY 2024 filings availableCicon Engineers Private Limited reported revenue of ₹251.44 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹251.44 Cr ▲ 16%
Net profit · FY 2025
₹9.31 Cr margin 3.7%
EBITDA · FY 2025
₹19.54 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 16% growth in the latest year. EBITDA rose 29% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹19.54 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹9.31 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 3.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Cicon Engineers Private Limited, buy the company report.
Board of directors of Cicon Engineers Private Limited
Cicon Engineers has 2 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 |
|---|---|---|---|---|
| Munipapegowda Shashidhar Also directs: Cicon Structurals Private Limited, Avani Leisure Private Limited | Managing Director | 31 Mar 1997 | 29 Years 6 Months | Current |
| Bangalore Narayanrao Sandhya Also directs: Cicon Structurals Private Limited, Avani Leisure Private Limited | Director | 31 Mar 1997 | 29 Years 6 Months | Current |
Auditor
Cicon Engineers Private Limited is audited by SANTHAPPA & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANTHAPPA & Co | FY 2023 | 003613S |
Shareholding
The shareholding of Cicon Engineers Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cicon Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹201 Cr
Satisfied charges
₹85.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2025 | 101120658 | Hdfc Bank Limited | ₹16 Cr | Open | |
| 26 Dec 2024 | 101030494 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 22 Jul 2023 | 100776327 | Hdfc Bank Limited | ₹140 Cr | Open | |
| 25 Jun 1999 | 90200392 | State Bank of India | ₹76 Cr | Satisfied | |
| 25 Jul 1997 | 80004563 | State Bank of India | ₹9.27 Cr | Satisfied |
To see the full charge records of Cicon Engineers Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Cicon Engineers Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.45 Cr; the latest was in March 2013.
Total deals
4
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹2.45 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹1.39 Cr | Investors: 4 individuals |
| Dec 2008 | Funding round | ₹6.5 Lakh | Investors: 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2007 | Funding round | ₹99.1 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cicon Engineers Private Limited has 46 court cases on record: 18 filed by Cicon Engineers, 28 filed against it. 8 cases are pending and 38 are disposed.
Total cases
46
Filed by the company
18
Filed against the company
28
Pending
8
Disposed
38
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 21 | 6 |
| High courts | 15 | 7 | 2 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed by the company against Otis Elevator Company (India ) Ltd | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Otis Elevator Company India Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.S.) | Filed by the company against Otis Elevator Company (India) Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed by the company against Otis Elevator Company (India) Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Otis Elevator Company India Limited and 1 other | Disposed |
To see the full case history of Cicon Engineers 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.
Credit ratings & regulatory alerts
Cicon Engineers Private Limited was last rated by Icra on 27 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 May 2022 |
To see the full credit ratings and regulatory alerts of Cicon Engineers Private Limited, buy the company report.
MSME payment delays
Cicon Engineers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Peenya Industrial Gases Private Limited | |||
| Geoliz Waterproofers Private Limited | |||
| an individual supplier | |||
| Aakar Aluminium and Glazing |
To see the full MSME payment records of Cicon Engineers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cicon Engineers Private Limited has a workforce of 1,687 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
1,687
Active EPFO establishments
1
Employee growth
23.86%
GST
Cicon Engineers has 5 GST registrations: 2 active and 3 cancelled or inactive.
Total GSTINs
5
Active
2
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC1293J1ZI | Karnataka | Active | 01 Jul 2017 |
| 33AACCC1293J1ZT | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cicon Engineers Private Limited, buy the company report.
Recent activity
Cicon Engineers Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Shruthi Shashidhar ceased to be Director on 01 Feb 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Cr with Charge ID 101120658 was registered on 30 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 45.00 Cr with Charge ID 101030494 was registered on 26 Dec 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 140.00 Cr registered on 22 Jul 2023 with Charge ID 100776327 was modified on 24 Oct 2024.
AGM
Cicon Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Cicon Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 140.00 Cr with Charge ID 100776327 was registered on 22 Jul 2023.
Charges
A charge registered on 25 Jun 1999 via Charge ID 90200392 with State Bank Of India was fully satisfied on 05 Apr 2023.
Charges
A charge registered on 25 Jul 1997 via Charge ID 80004563 with State Bank Of India was fully satisfied on 30 Dec 2021.
Charges
A charge with State Bank Of India of Rs. 76.00 Cr registered on 25 Jun 1999 with Charge ID 90200392 was modified on 08 Sep 2021.
Ceased
Shruthi Shashidhar ceased to be Director.
Ceased
Sitara Shashidhar ceased to be Director.
Appointed
Shruthi Shashidhar was appointed as Director.
7 earlier events are in the company report.
Frequently asked questions
Cicon Engineers is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 March 1997 (29+ years old) and is registered under CIN U85110KA1997PTC022047.
Cicon Engineers has 2 current directors:
- Munipapegowda Shashidhar - Managing Director
- Bangalore Narayanrao Sandhya - Director
The latest financial statements of Cicon Engineers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Cicon Engineers is 29AACCC1293J1ZI, registered in Karnataka. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 33AACCC1293J1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Cicon Engineers is U85110KA1997PTC022047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cicon Engineers has 46 court cases on record: 18 filed by the company and 28 filed against it. 8 are pending. Most are in the district courts.
Cicon Engineers was incorporated on 31 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Cicon Engineers has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.45 Cr; the latest was in March 2013.
Shruthi Shashidhar ceased to be Director on 01 Feb 2019. Sitara Shashidhar ceased to be Director on 01 Feb 2019. Shruthi Shashidhar was appointed as Director on 30 Sep 2013. Cicon Engineers has 6 board changes on record in total.
Yes, Cicon Engineers is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0095649).
Cicon Engineers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 27 May 2019.