MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-AP-05-0000240
Ibc Limited - metals and minerals in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹11.82 Cr
▲ 610% YoY
Net loss · FY 2023
₹10.1 Cr
Net margin -85.5%
EBITDA · FY 2023
-₹7.51 Cr
EBITDA margin -63.6%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.9 Cr
Issued & subscribed
Open charges
₹63.77 Cr
Satisfied ₹64.58 Cr
Company age
41 yrs
Est. 1985
Directors on board
3
As per MCA filings
About Ibc Limited
Data last updated:
Ibc Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 06 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24111TN1985PLC011627. Its GSTIN is 33AAACI7891J1Z9 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.9 Cr. It was formerly known as Indian Barytes & Chemicals Ltd and Ibc P Limited. It is led by directors including Rajamohan Reddy Kandula (Managing Director) and Kandula Murali Mohan Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 48 II Line Beach Vanguardhouse 4th Floor Madras House 4th Floor Madras, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.1 Cr (net margin -85.5%) and EBITDA of -₹7.51 Cr (EBITDA margin -63.6%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 35% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹63.77 Cr and satisfied charges of ₹64.58 Cr on record. Court records list 45 cases involving the company, including 25 filed by the company and 20 filed against it; 11 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.2 Cr; the latest was in August 2012.
Ibc Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-05-0000240). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ibclimited.co.in.
Company details
CIN U24111TN1985PLC011627
Registration Number 011627
Incorporation Date 06 March 1985
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-AP-05-0000240
Name history
Ibc has undergone 2 name changes throughout its history. The company was previously known as Indian Barytes & Chemicals Ltd, and Ibc P Limited. The current legal name is Ibc Limited.
| Company Name | Status |
|---|---|
| Ibc Limited | Current |
| Indian Barytes & Chemicals Ltd | Previous |
| Ibc P Limited | Previous |
Key People
Rajamohan Reddy Kandula Managing Director Kandula Murali Mohan Reddy Whole-Time Director Sanivarapu Venkatasiva Reddy Director Recognitions & Rankings of Ibc
Contact details
Ibc Limited's registered office is in Chennai, Tamil Nadu. Its website is ibclimited.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address48 II Line Beach Vanguardhouse 4th Floor Madras House 4th Floor Madras, Chennai, Tamil Nadu, India – 600001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Ibc Limited, buy the company report.
Comprehensive company report
Ibc 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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Secure checkout · GST invoice included
Business activity
The main business activity of Ibc is mining and quarrying. In detail, this covers mining of coal and lignite.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B1 | Mining of Coal and lignite |
To see the full business activity and turnover split of Ibc Limited, buy the company report.
Financials of Ibc Limited
FY 2023 filings availableIbc Limited reported revenue of ₹11.82 Cr (up 610% YoY) for FY 2023.
Revenue · FY 2023
₹11.82 Cr ▲ 610%
Net loss · FY 2023
₹10.1 Cr margin -85.5%
EBITDA · FY 2023
-₹7.51 Cr margin -63.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 610%
3 years · compounded
▼ 10%
5 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▼ 142%
3 years · compounded
▲ 38%
5 years · compounded
▼ 24%
Revenue rose 610% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 35%. EBITDA fell 142% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹7.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.1 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.6% | ||||
| Net Profit Margin | -85.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ibc Limited, buy the company report.
Board of directors of Ibc Limited
Ibc has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajamohan Reddy Kandula Also directs: Cuddapah Spinning Mills Limited, Grafex Flush Doors Private Limited, Supreme Star Shipping Company Private Limited and 1 more | Managing Director | 06 Mar 1985 | 41 Years 7 Months | Current |
| Sanivarapu Venkatasiva Reddy | Director | 06 Nov 1997 | 28 Years 11 Months | Current |
| Kandula Murali Mohan Reddy | Whole-Time Director | 05 Sep 2011 | 15 Years 1 Months | Current |
Auditor
Ibc Limited is audited by Sri Sesha and Ravi for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sri Sesha and Ravi | FY 2020 | 013764S |
Shareholding
The shareholding of Ibc Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ibc Limited, buy the company report.
Charges & borrowings
Open charges
₹63.77 Cr
Satisfied charges
₹64.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 1992 | 90306072 | State Bank of India | ₹63.77 Cr | Open | |
| 15 Mar 2017 | 100094178 | Others | ₹1.13 Cr | Satisfied | |
| 01 Feb 2013 | 10402541 | Srei Equipment Finance Private Limited | ₹3.07 Cr | Satisfied | |
| 29 Nov 2012 | 10388866 | Kotak Mahindra Bank Limited | ₹13.14 Cr | Satisfied | |
| 22 Nov 2012 | 10389806 | Srei Equipment Finance Private Limited | ₹50.23 Lakh | Satisfied |
To see the full charge records of Ibc Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Ibc Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.2 Cr; the latest was in August 2012.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹13.2 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2012 | Funding round | ₹9 Cr | Investors: Supreme Star Shipping Co. Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Funding round | ₹4.2 Cr | Investors: K. Raja Mohan Reddy- Huf, Supreme Star Shipping Co. Private Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ibc Limited has 45 court cases on record: 25 filed by Ibc, 20 filed against it. 11 cases are pending and 34 are disposed.
Total cases
45
Filed by the company
25
Filed against the company
20
Pending
11
Disposed
34
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 12 | 4 |
| District courts | 7 | 7 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed against the company by M/S.Trimex Sands Pvt Limited, and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Pending |
| High Court, TELANGANA | Writ petition | Filed against the company by M/S Vananchal Minerals Private Limited, | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against Agri Gold Exims Ltd | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Government of Andhra Pradesh, and 1 other | Disposed |
To see the full case history of Ibc 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
Ibc Limited was last rated by Crisil on 22 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Nov 2019 |
To see the full credit ratings and regulatory alerts of Ibc Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ibc Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ibc has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Andhra Baryte Corporation Private Limited | U14215AP2008PTC059892 | |
| Maharshi Barium Salts Private Limited | U24297AP2007PTC056142 |
To see the full group structure of Ibc Limited, buy the company report.
GST
Ibc has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI7891J1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAACI7891J1Z1 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ibc Limited, buy the company report.
Recent activity
Ibc Limited has 6 board changes on record since 1985: 3 appointments and 3 cessations. The latest: Kandula Maheswari ceased to be Whole-Time Director on 03 Mar 2021.
AGM
Ibc Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Ibc Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Ceased
Kandula Maheswari ceased to be Whole-Time Director.
Ceased
Sanivarapu Sankar Reddy ceased to be Director.
Charges
A charge registered on 15 Mar 2017 via Charge ID 100094178 with Others was fully satisfied on 02 Apr 2019.
Charges
A charge with Others amounted to Rs. 1.13 Cr with Charge ID 100094178 was registered on 15 Mar 2017.
Charges
A charge with State Bank Of India of Rs. 63.77 Cr registered on 03 Jan 1992 with Charge ID 90306072 was modified on 09 Jan 2017.
Charges
A charge registered on 01 Feb 2013 via Charge ID 10402541 with Srei Equipment Finance Private Limited was fully satisfied on 22 Dec 2015.
Charges
A charge registered on 22 Nov 2012 via Charge ID 10389806 with Srei Equipment Finance Private Limited was fully satisfied on 22 Dec 2015.
Charges
A charge registered on 03 Jan 1992 via Charge ID 90307320 with State Bank Of India was fully satisfied on 12 Feb 2014.
Charges
A charge registered on 01 Feb 1989 via Charge ID 90305867 with State Bank Of India was fully satisfied on 12 Feb 2014.
Charges
A charge registered on 08 Jan 1988 via Charge ID 90305795 with State Bank Of India was fully satisfied on 12 Feb 2014.
35 earlier events are in the company report.
Frequently asked questions
Ibc is an active public limited company based in Chennai, Tamil Nadu, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 06 March 1985 (41+ years old) and is registered under CIN U24111TN1985PLC011627.
Ibc has 3 current directors:
- Rajamohan Reddy Kandula - Managing Director
- Kandula Murali Mohan Reddy - Whole-Time Director
- Sanivarapu Venkatasiva Reddy - Director
The latest financial statements of Ibc on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ibc is 33AAACI7891J1Z9, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAACI7891J1Z1 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Ibc is U24111TN1985PLC011627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibc has 45 court cases on record: 25 filed by the company and 20 filed against it. 11 are pending. Most are in the high courts.
Ibc was incorporated on 06 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
Ibc has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.2 Cr; the latest was in August 2012.
Kandula Maheswari ceased to be Whole-Time Director on 03 Mar 2021. Sanivarapu Sankar Reddy ceased to be Director on 03 Mar 2021. Kandula Murali Mohan Reddy ceased to be Additional Director on 01 Apr 2012. Ibc has 6 board changes on record in total.
Yes, Ibc is registered as a small enterprise under Udyam registration (number: UDYAM-AP-05-0000240).