About Icap Il India Private Limited
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Icap Il India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 11 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1994PTC139702. Its GSTIN is 27AABCG1255D1Z2 (Maharashtra).
The company has an authorised share capital of ₹14.5 Cr and a paid-up capital of ₹5.99 Cr. It was formerly known as Garban Intercapital Il Private Limited and Icap India Private Limited. It is led by directors including Abhishek Chaturvedi (Whole-Time Director) and Tasman Douglas Lovell.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.04 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Cr (net margin 8.1%) and EBITDA of ₹4.48 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.9 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icapindia.com.
Company details
Name history
Icap Il India has undergone 2 name changes throughout its history. The company was previously known as Garban Intercapital Il Private Limited, and Icap India Private Limited. The current legal name is Icap Il India Private Limited.
| Company Name | Status |
|---|---|
| Icap Il India Private Limited | Current |
| Garban Intercapital Il Private Limited | Previous |
| Icap India Private Limited | Previous |
CIN history
Icap Il India has one previous CIN (Corporate Identification Number): U67120MH2003PTC139702. The current CIN is U67120MH1994PTC139702, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1994PTC139702 | Current |
| U67120MH2003PTC139702 | Previous |
Contact details
Icap Il India Private Limited's registered office is in Mumbai, Maharashtra. Its website is icapindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 6 3rd Floor C Wing Laxmi Towers Bandra Kurla Complex Band, Ra (E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Icap Il 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 Icap Il India is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Icap Il India Private Limited, buy the company report.
Financials of Icap Il India Private Limited
FY 2025 filings availableIcap Il India Private Limited reported revenue of ₹35.04 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 21% growth in the latest year. EBITDA rose 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.82 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 | 12.8% | ||||
| Net Profit Margin | 8.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Icap Il India Private Limited, buy the company report.
Board of directors of Icap Il India Private Limited
Icap Il India has 6 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tasman Douglas Lovell | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
| Smita Nikhil Trivedi | Director | 30 Mar 2021 | 5 Years 7 Months | Current |
| Miti Ghei | Director | 27 Aug 2019 | 7 Years 2 Months | Current |
| Abhishek Chaturvedi Also directs: NDS Financial Services Private Limited, CKG Infratech Private Limited, Dihea Products India Private Limited and 2 more | Whole-Time Director | 30 Nov 2015 | 10 Years 11 Months | Current |
| Yeo Lay Yong | Director | 17 Feb 2023 | 3 Years 8 Months | Current |
| Gavin John Herrmann | Director | 23 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Icap Il India Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhav Stock Vision Private Limited | ₹35.26 Cr (FY 2025) | -26.0% | Daman, Daman and Diu, India | |||
| Bhumika Consultancy Private Limited | ₹35.23 Cr (FY 2025) | -4.0% | Gandhinagar, Gujarat, India | |||
| Icap Il India Private Limitedthis company | ₹35.04 Cr (FY 2025) | ₹2.82 Cr | 8.1% | 21.0% | 58 | Mumbai, Maharashtra, India |
| Ohm Stock Broker Private Limited | ₹35.03 Cr (FY 2024) | -37.0% | Mumbai, Maharashtra, India | |||
| Dhanwantri Suppliers Private Limited | ₹34.23 Cr (FY 2025) | 24.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Icap Il India Private Limited, buy the company report.
Auditor
Icap Il India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/ N500016 |
Shareholding
The shareholding of Icap Il India 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 Icap Il India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2015 | 10576591 | Kotak Mahindra Bank Limited | ₹2.9 Cr | Satisfied |
To see the full charge records of Icap Il India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Icap Il India Private Limited has 12 court cases on record: 9 filed by Icap Il India, 3 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 3 |
| High courts | 5 | 0 | 0 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S. Sharan P. Khanna HUF | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S. Shabri Associates | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sharan P. Khanna Sole Proprietor of M/S. Sharan Enterprises | Pending |
| Supreme Court | Appeal | Filed by the company against Securities and Exchange Board of India | Pending |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Icap Il India 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
Icap Il India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajiv Mehrotra & Associates |
To see the full MSME payment records of Icap Il India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Icap Il India Private Limited has a workforce of 58 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Icap Il India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG1255D1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icap Il India Private Limited, buy the company report.
Recent activity
Icap Il India Private Limited has 32 board changes on record since 2008: 6 appointments and 26 cessations. The latest: Gavin John Herrmann ceased to be Additional Director on 25 Dec 2024.
25 earlier events are in the company report.
Frequently asked questions
Icap Il India is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 11 July 1994 (32+ years old) and is registered under CIN U67120MH1994PTC139702.
Icap Il India has 6 current directors:
- Abhishek Chaturvedi - Whole-Time Director
- Tasman Douglas Lovell - Director
- Smita Nikhil Trivedi - Director
- Miti Ghei - Director
- Yeo Lay Yong - Director
- Gavin John Herrmann - Director
The latest financial statements of Icap Il 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 2015 are in the company report.
The GSTIN of Icap Il India is 27AABCG1255D1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icap Il India is U67120MH1994PTC139702. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icap Il India has 12 court cases on record: 9 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Icap Il India was incorporated on 11 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Icap Il India by revenue are Madhav Stock Vision Private Limited, Bhumika Consultancy Private Limited, Ohm Stock Broker Private Limited, Dhanwantri Suppliers Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Gavin John Herrmann ceased to be Additional Director on 25 Dec 2024. Gavin John Herrmann was appointed as Director on 23 Oct 2024. Yeo Lay Yong ceased to be Additional Director on 29 Sep 2023. Icap Il India has 32 board changes on record in total.
Icap Il India has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 24 Oct 2019.
Icap Il India can be reached through the website icapindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Icap Il India is at Office No. 6 3rd Floor C Wing Laxmi Towers Bandra Kurla Complex Band, Ra E, Mumbai, Maharashtra, India – 400051.
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