About I Code Technologies Private Limited
Data last updated:
I Code Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC041664. Its GSTIN is 29AABCI6379L2ZV (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Peer Mohamed Abdul Hameed (Managing Director) and Rajesh Kumar Soundararaj.
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 23/7 1st Cross Near Csi Compount Lalbagh Road, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.35 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹13.58 Lakh (net margin 5.8%) and EBITDA of ₹26.26 Lakh (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company is associated with 2 brands: I Code Technologies and Cargo Net. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icodetech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address23/7 1st Cross Near Csi Compount Lalbagh Road, Bangalore, Karnataka, India – 560027
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of I Code Technologies Private Limited
The main business activity of I Code Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of I Code Technologies Private Limited FY 2025 filings available
I Code Technologies Private Limited reported revenue of ₹2.35 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of I Code Technologies Private Limited
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 16% 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 of I Code Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.26 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.58 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of I Code Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.8% | •••• | •••• | •••• | •••• |
| 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 I Code Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of I Code Technologies Private Limited
I Code Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marketgoal Digital Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| KGN IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Pravaa Infosystems Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Agni Interactive Gaming Solutions Private Limited | •••• | •••• | •••• | •••• | 79 | Shaikpet, Telangana, India |
| Priyatech Solutions (Pune) Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| I Code Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Vengage AI Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Navplus Software Tech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Opencubicles Technologies Private Limited | •••• | •••• | •••• | •••• | - | Hisar, Haryana, India |
| Safeway Technologies Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Tecnovos Technologies LLP | •••• | •••• | •••• | •••• | 50 | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below I Code Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of I Code Technologies Private Limited
I Code Technologies Private Limited is audited by SREEJA AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SREEJA AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of I Code Technologies Private Limited
I Code Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peer Mohamed Abdul Hameed | Managing Director | 05 Feb 2007 | 19 Years 8 Months | Current |
| Rajesh Kumar Soundararaj | Director | 05 Feb 2007 | 19 Years 8 Months | Current |
Ownership and Shareholding of I Code Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of I Code Technologies Private Limited
I Code Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of I Code Technologies Private Limited
I Code Technologies Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by WSC Fusion Holding LLC | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by WSC Fusion Holding LLC | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by W.S.C.Fusion Holding LLC | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with I Code Technologies Private Limited
I Code Technologies operates two associated brands: I Code Technologies and Cargo Net. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides ERP software for supply chain management and web development services. | icodetech.com | |
| ERP software for freight forwarding, cargo tracking, and logistics operations. | gocargonet.com |
Employees and EPFO Compliance at I Code Technologies Private Limited
Employment history and EPFO contributions of people linked to I Code Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on I Code Technologies Private Limited
I Code Technologies Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Bhaskar Lakshmiah Govindraj ceased to be Director on 19 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for I Code Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by I Code Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of I Code Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of I Code Technologies Private Limited
I Code Technologies has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI6379L2ZV | Karnataka | Active | 01 Jul 2017 |
| 33AABCI6379L1Z7 | Tamil Nadu | Active | 01 Nov 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of I Code Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about I Code Technologies Private Limited
I Code Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 05 February 2007 (19+ years old) and is registered under CIN U72200KA2007PTC041664.
I Code Technologies reported revenue of ₹2.35 Cr for FY 2024 (down 7% YoY).
I Code Technologies has 2 current directors:
- Peer Mohamed Abdul Hameed - Managing Director
- Rajesh Kumar Soundararaj - Director
I Code Technologies reported a net profit of ₹13.58 Lakh (net margin 5.8%) and EBITDA of ₹26.26 Lakh (EBITDA margin 11.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of I Code Technologies is 22% over three years and 14% over five years. In the latest year (FY 2024) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of I Code Technologies is 29AABCI6379L2ZV, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AABCI6379L1Z7 (Tamil Nadu).
The CIN (Corporate Identification Number) of I Code Technologies is U72200KA2007PTC041664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I Code Technologies has 3 court cases on record: 3 filed against it.
I Code Technologies was incorporated on 05 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of I Code Technologies by revenue are Marketgoal Digital Solutions Private Limited, KGN IT Solutions Private Limited, Pravaa Infosystems Private Limited, Agni Interactive Gaming Solutions Private Limited, Priyatech Solutions (Pune) Private Limited and 5 more, all in the Information Technology industry (Application Development).
Bhaskar Lakshmiah Govindraj ceased to be Director on 19 Dec 2018. Peer Mohamed Abdul Hameed was appointed as Managing Director on 05 Feb 2007. Rajesh Kumar Soundararaj was appointed as Director on 05 Feb 2007.