Startup India Government of India
Icarry Technologies Private Limited - transport and logistics in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.07 Cr
▲ 60% YoY
Net profit · FY 2025
₹99.24 Lakh
Net margin 7.6%
EBITDA · FY 2025
₹1.36 Cr
EBITDA margin 10.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Icarry Technologies Private Limited
Data last updated:
Icarry Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 10 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2021PTC155455. Its GSTIN is 29AAGCI4470H1ZC (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manoj Govind Shanbhag and Divya Ashokkumar Kalra.
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 D – 1003 10th Floor Purva Skywood Apts Haralur Road Kudlu, Bengaluru, Karnataka, India – 560068.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.07 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹99.24 Lakh (net margin 7.6%) and EBITDA of ₹1.36 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 388% over three years.
Icarry Technologies Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-02-0025473). For more details, the company can be reached via its website icarry.in.
Company details
CIN U72200KA2021PTC155455
Registration Number 155455
Incorporation Date 10 December 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-02-0025473
Recognitions & Rankings of Icarry Technologies
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-02-0025473
Contact details
Icarry Technologies Private Limited's registered office is in Bengaluru, Karnataka. Its website is icarry.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 1003 10th Floor Purva Skywood Apts Haralur Road Kudlu, Bengaluru, Karnataka, India – 560068
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Icarry Technologies Private Limited, buy the company report.
Comprehensive company report
Icarry Technologies 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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Business activity
The main business activity of Icarry Technologies is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Icarry Technologies Private Limited, buy the company report.
Financials of Icarry Technologies Private Limited
FY 2025 filings availableIcarry Technologies Private Limited reported revenue of ₹13.07 Cr (up 60% YoY) for FY 2025.
Revenue · FY 2025
₹13.07 Cr ▲ 60%
Net profit · FY 2025
₹99.24 Lakh margin 7.6%
EBITDA · FY 2025
₹1.36 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 388%
EBITDA CAGR growth
1 year
▲ 181%
3 years · compounded
▲ 290%
Revenue has grown at a compounded annual rate (CAGR) of 388% over three years, including 60% growth in the latest year. EBITDA rose 181% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹1.36 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹99.24 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Fixed Assets | ||||
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| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.4% | |||
| Net Profit Margin | 7.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Icarry Technologies Private Limited, buy the company report.
Board of directors of Icarry Technologies Private Limited
Icarry Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Govind Shanbhag Also directs: Atomic Healthcare Solutions Private Limited | Director | 10 Dec 2021 | 4 Years 11 Months | Current |
| Divya Ashokkumar Kalra Also directs: Atomic Healthcare Solutions Private Limited | Director | 10 Dec 2021 | 4 Years 11 Months | Current |
Peer comparison
Icarry Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Simply Logistics Private Limited | ₹13.29 Cr (FY 2025) | 30.0% | New Delhi, Delhi, India | |||
| Icarry Technologies Private Limitedthis company | ₹13.07 Cr (FY 2025) | ₹99.24 Lakh | 7.6% | 60.0% | Bengaluru, Karnataka, India | |
| Prakash Air Freight India Private Limited | ₹13.03 Cr (FY 2024) | 85.0% | New Delhi, Delhi, India | |||
| Sahara Express Courier Private Limited | ₹12.81 Cr (FY 2025) | -36.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Icarry Technologies Private Limited, buy the company report.
Auditor
Icarry Technologies Private Limited is audited by P R V and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R V and Company | FY 2023 | 011669S |
Shareholding
The shareholding of Icarry Technologies Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Icarry Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Icarry Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icarry Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icarry Technologies Private Limited has 1 active EPFO establishment as of Nov 12, 2026.
Active EPFO establishments
1
GST
Icarry Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCI4470H1ZC | Karnataka | Active | 13 Jan 2022 |
To see the full GST registrations and return filing status of Icarry Technologies Private Limited, buy the company report.
Recent activity
Icarry Technologies Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Divya Ashokkumar Kalra was appointed as Director on 10 Dec 2021.
AGM
Icarry Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Icarry Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Divya Ashokkumar Kalra was appointed as Director.
Appointed
Manoj Govind Shanbhag was appointed as Director.
Incorporation
10 Dec 2021
Icarry Technologies Private Limited was registered on 10 Dec 2021 with Roc Bangalore & aged 4 years 11 months as per MCA records.
Frequently asked questions
Icarry Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 10 December 2021 (5+ years old) and is registered under CIN U72200KA2021PTC155455.
Icarry Technologies has 2 current directors:
- Manoj Govind Shanbhag - Director
- Divya Ashokkumar Kalra - Director
The latest financial statements of Icarry Technologies 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 FY 2022 are in the company report.
The GSTIN of Icarry Technologies is 29AAGCI4470H1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Icarry Technologies is U72200KA2021PTC155455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icarry Technologies was incorporated on 10 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Icarry Technologies by revenue are Simply Logistics Private Limited, Prakash Air Freight India Private Limited, Sahara Express Courier Private Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Divya Ashokkumar Kalra was appointed as Director on 10 Dec 2021. Manoj Govind Shanbhag was appointed as Director on 10 Dec 2021.
Yes, Icarry Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Icarry Technologies is registered as an MSME under Udyam registration (number: UDYAM-KR-02-0025473).
Icarry Technologies can be reached through the website icarry.in. Its registered office is in Bengaluru, Karnataka, India.
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