MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-11-0007258
Icare Lifts Private Limited - machinery and equipment in Mangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.48 Cr
▲ 56% YoY
Net profit · FY 2025
₹9.19 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹20.95 Lakh
EBITDA margin 6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹60 Lakh
Issued & subscribed
Open charges
₹90.5 Lakh
Satisfied ₹81.79 Lakh
Company age
15 yrs
Est. 2011
Employees · EPFO
31
Provident fund records
About Icare Lifts Private Limited
Data last updated:
Icare Lifts Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 04 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29241KA2011PTC059452. Its GSTIN is 29AACCI6533R1ZV (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It is led by directors Anitha Francis Dsouza and Rajesh Khanna Bhat.
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 No.5 – 45(10)A Palace Enclave Aramane Bagilu Road Near Venkatramana Temple Moodabidre, Mangalore, Karnataka, India – 574227.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.48 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹9.19 Lakh (net margin 2.6%) and EBITDA of ₹20.95 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 20% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ICARE Elevators. As per MCA filings, the company has open charges of ₹90.5 Lakh and satisfied charges of ₹81.79 Lakh on record. Court records list 5 cases involving the company, including 5 filed by the company.
Icare Lifts Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0007258). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icareelevators.com.
Company details
CIN U29241KA2011PTC059452
Registration Number 059452
Incorporation Date 04 July 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-11-0007258
Recognitions & Rankings of Icare Lifts
Contact details
Icare Lifts Private Limited's registered office is in Mangalore, Karnataka. Its website is icareelevators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.5 – 45(10)A Palace Enclave Aramane Bagilu Road Near Venkatramana Temple Moodabidre, Mangalore, Karnataka, India – 574227
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Icare Lifts Private Limited, buy the company report.
Comprehensive company report
Icare Lifts 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Icare Lifts operates one associated brand: ICARE Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator installation, service, maintenance, and modernization services provided in India with global support. | icareelevators.com |
Business activity
The main business activity of Icare Lifts is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Icare Lifts Private Limited, buy the company report.
Financials of Icare Lifts Private Limited
FY 2025 filings availableIcare Lifts Private Limited reported revenue of ₹3.48 Cr (up 56% YoY) for FY 2025.
Revenue · FY 2025
₹3.48 Cr ▲ 56%
Net profit · FY 2025
₹9.19 Lakh margin 2.6%
EBITDA · FY 2025
₹20.95 Lakh margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 23%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 109%
3 years · compounded
▲ 28%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 56% growth in the latest year. EBITDA rose 109% 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 |
|---|---|---|---|---|---|
| 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 | ₹20.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.19 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Icare Lifts Private Limited, buy the company report.
Board of directors of Icare Lifts Private Limited
Icare Lifts has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anitha Francis Dsouza Also directs: Franston Robotics and Mechatronics Private Limited | Director | 26 Sep 2015 | 11 Years 0 Months | Current |
| Rajesh Khanna Bhat | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
Auditor
Icare Lifts Private Limited is audited by Pradeep Jogi & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pradeep Jogi & Co | FY 2022 | 232574 |
Shareholding
The shareholding of Icare Lifts Private 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 Icare Lifts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90.5 Lakh
Satisfied charges
₹81.79 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2020 | 100394169 | Others | ₹12.5 Lakh | Open | |
| 25 Apr 2017 | 100099020 | Others | ₹78 Lakh | Open | |
| 27 Jul 2016 | 100074334 | Others | ₹1.45 Lakh | Satisfied | |
| 21 Oct 2015 | 10602250 | Others | ₹20 Lakh | Satisfied | |
| 25 Jul 2014 | 10515679 | Indian Overseas Bank | ₹23 Lakh | Satisfied |
To see the full charge records of Icare Lifts Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Icare Lifts Private Limited has 5 court cases on record: 5 filed by Icare Lifts. All cases are disposed.
Total cases
5
Filed by the company
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Icare Lifts 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 Icare Lifts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icare Lifts Private Limited has a workforce of 31 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
6.9%
GST
Icare Lifts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI6533R1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icare Lifts Private Limited, buy the company report.
Recent activity
Icare Lifts Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Ashok Vincent Pereira ceased to be Director on 07 Jun 2019.
AGM
Icare Lifts Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Icare Lifts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100394169 was registered on 14 Oct 2020.
Charges
A charge registered on 27 Jul 2016 via Charge ID 100074334 with Others was fully satisfied on 06 Mar 2020.
Charges
A charge registered on 21 Oct 2015 via Charge ID 10602250 with Others was fully satisfied on 06 Mar 2020.
Ceased
Ashok Vincent Pereira ceased to be Director.
Charges
A charge with Others of Rs. 0.20 Cr registered on 21 Oct 2015 with Charge ID 10602250 was modified on 11 May 2017.
Charges
A charge registered on 25 Jul 2014 via Charge ID 10515679 with Indian Overseas Bank was fully satisfied on 11 May 2017.
Charges
A charge registered on 07 May 2014 via Charge ID 10491239 with Canara Bank was fully satisfied on 11 May 2017.
Charges
A charge with Others of Rs. 0.78 Cr registered on 25 Apr 2017 with Charge ID 100099020 was modified on 26 Apr 2017.
Charges
A charge with Others amounted to Rs. 0.78 Cr with Charge ID 100099020 was registered on 25 Apr 2017.
Charges
A charge with Others amounted to Rs. 0.01 Cr with Charge ID 100074334 was registered on 27 Jul 2016.
10 earlier events are in the company report.
Frequently asked questions
Icare Lifts is an active private limited company based in Mangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 04 July 2011 (15+ years old) and is registered under CIN U29241KA2011PTC059452.
Icare Lifts has 2 current directors:
- Anitha Francis Dsouza - Director
- Rajesh Khanna Bhat - Director
The latest financial statements of Icare Lifts 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 Icare Lifts is 29AACCI6533R1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Icare Lifts is U29241KA2011PTC059452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icare Lifts has 5 court cases on record: 5 filed by the company.
Icare Lifts was incorporated on 04 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Ashok Vincent Pereira ceased to be Director on 07 Jun 2019. Anitha Francis Dsouza ceased to be Additional Director on 29 Sep 2015. Anitha Francis Dsouza was appointed as Director on 26 Sep 2015. Icare Lifts has 6 board changes on record in total.
Yes, Icare Lifts is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-11-0007258).
Icare Lifts can be reached through the website icareelevators.com. Its registered office is in Mangalore, Karnataka, India.