About Icarus Design Private Limited
Data last updated:
Icarus Design Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 21 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74994KA1999PTC025733. Its GSTIN is 29AAACI9759D1Z8 (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Usha Elizabeth Gergan and Sapna Behar.
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 #1281 14th Cross II Nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.45 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹30.48 Lakh (net margin 4.7%) and EBITDA of ₹1.36 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icarus.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#1281 14th Cross II Nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryMedia and Publishing, Advertising Agencies & Media 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
Financials of Icarus Design Private Limited FY 2025 filings available
Icarus Design Private Limited reported revenue of ₹6.45 Cr (up 20% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Icarus Design Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 20% growth 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 Icarus Design Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹6.45 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.48 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 of Icarus Design Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 Icarus Design 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.
Auditor Details of Icarus Design Private Limited
Icarus Design Private Limited is audited by MANOJ SHAH & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOJ SHAH & 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 Icarus Design Private Limited
Icarus Design has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Elizabeth Gergan Also directs: Icarusnova Discovery Private Limited | Director | 14 May 2013 | 13 Years 4 Months | Current |
| Sapna Behar Also directs: Icarusnova Discovery Private Limited | Director | 14 May 2013 | 13 Years 4 Months | Current |
| George Mathews Also directs: Icarusnova Discovery Private Limited | Director | 21 Sep 1999 | 27 Years 0 Months | Current |
Ownership and Shareholding of Icarus Design 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 Icarus Design Private Limited
Icarus Design Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icarus Design Private Limited
Icarus Design Private Limited has a workforce of 38 employees as of Mar 28, 2024.
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 Icarus Design Private Limited
Icarus Design Private Limited has 6 board changes on record since 1999: 3 appointments and 3 cessations. The latest: Sapna Behar ceased to be Additional Director on 15 May 2013.
Credit Ratings, Litigation & Regulatory Alerts for Icarus Design 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 Icarus Design 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 Icarus Design 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 Icarus Design Private Limited
Icarus Design has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI9759D1Z8 | Karnataka | Active | 01 Jul 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 Icarus Design 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 Icarus Design Private Limited
Icarus Design is an active private limited company based in Bangalore, Karnataka, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 21 September 1999 (27+ years old) and is registered under CIN U74994KA1999PTC025733.
Icarus Design reported revenue of ₹6.45 Cr for FY 2022 (up 20% YoY).
Icarus Design has 3 current directors:
- Usha Elizabeth Gergan - Director
- Sapna Behar - Director
- George Mathews - Director
Icarus Design reported a net profit of ₹30.48 Lakh (net margin 4.7%) and EBITDA of ₹1.36 Cr (EBITDA margin 21.1%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icarus Design is 4% over three years and 10% over five years. In the latest year (FY 2022) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icarus Design is 29AAACI9759D1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Icarus Design is U74994KA1999PTC025733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icarus Design was incorporated on 21 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Sapna Behar ceased to be Additional Director on 15 May 2013. Usha Elizabeth Gergan ceased to be Director Appointed In Casual Vacancy on 15 May 2013. Sapna Behar was appointed as Director on 14 May 2013. Icarus Design has 6 board changes on record in total.
Icarus Design can be reached through the website icarus.co.in. Its registered office is in Bangalore, Karnataka, India.