About Ice MT India Private Limited
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Ice MT India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Capsilon Holdings Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL1995PTC418611. Its GSTIN is 27AAACV4216C1ZR (Maharashtra).
The company has an authorised share capital of ₹2.4 Cr and a paid-up capital of ₹2.32 Cr. It was formerly known as Ellie Mae India Private Limited. It is led by directors including Ranganath Gururao Desai (Whole-Time Director) and Jyoti Kukreja.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 884 Office Block – B High Street, Vegas Mall Sector 14 Dwarka, New Delhi, Delhi, India – 110075.
As per the financials filed for FY 2023, the company reported a revenue of ₹250.93 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹29.67 Cr (net margin 11.8%) and EBITDA of ₹51.65 Cr (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 52% over five years.
The company has about 1,103 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ICE Mortgage Technology and Intercontinental Exchange. As per MCA filings, the company has satisfied charges of ₹3 Cr on record. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2024. Its 9 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 5 smaller; the largest is Sumtotal Systems India Private Limited with revenue of ₹189.61 Cr. The company has 2 MSME Form 1 returns on record between 2021 and 2022, listing 4 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ice.com.
Company details
Name history
Ice MT India has undergone 5 name changes throughout its history. The current legal name is Ice Mt India Private Limited.
| Company Name | Status |
|---|---|
| Ice MT India Private Limited | Current |
| Ellie Mae India Private Limited | Previous |
| Ice Mortgage Technology India Private Limited | Previous |
| Capsilon Software Private Limited | Previous |
| Vulcan Exports Private Limited | Previous |
CIN history
Ice MT India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900DL1995PTC418611, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL1995PTC418611 | Current |
| U72900PN1995PTC129237 | Previous |
| U51900PN1995PTC129237 | Previous |
Contact details
Ice MT India Private Limited's registered office is in New Delhi, Delhi. Its website is ice.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 884 Office Block – B High Street, Vegas Mall Sector 14 Dwarka, New Delhi, Delhi, India – 110075
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ice MT 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
Brands
Ice MT India operates two associated brands: ICE Mortgage Technology and Intercontinental Exchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based loan lifecycle management solutions for mortgage lenders are provided. | icemortgagetechnology.com | |
| Private and financial market data analytics solutions are provided. | ice.com |
Financials of Ice MT India Private Limited
FY 2025 filings availableIce MT India Private Limited reported revenue of ₹250.93 Cr (up 38% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 38% growth in the latest year. EBITDA rose 45% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹250.93 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.67 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.6% | ||||
| Net Profit Margin | 11.8% | ||||
| 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 Ice MT India Private Limited, buy the company report.
Board of directors of Ice MT India Private Limited
Ice MT India has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Kukreja Also directs: JK Legal LLP, Yahata India Private Limited, Shin Indo Trading and Consulting Private Limited and 2 more | Director | 23 Apr 2025 | 1 Years 6 Months | Current |
| Martin Hunter Also directs: Ice Data Services India Private Limited | Director | 14 Apr 2021 | 5 Years 6 Months | Current |
| Andrew James Surdykowski Also directs: Ice Data Services India Private Limited | Director | 14 Apr 2021 | 5 Years 6 Months | Current |
| Ashwini Amalesh Panse Also directs: Ice Data Services India Private Limited | Director | 29 Mar 2024 | 2 Years 7 Months | Current |
| Ranganath Gururao Desai | Whole-Time Director | 14 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Ice MT India Private Limited is compared with the 9 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ice MT India Private Limitedthis company | ₹250.93 Cr (FY 2023) | ₹29.67 Cr | 11.8% | 38.0% | 1,103 | New Delhi, Delhi, India |
| Sumtotal Systems India Private Limited | ₹189.61 Cr (FY 2022) | 11.0% | Mumbai, Maharashtra, India | |||
| Civica Resource Private Limited | ₹187.92 Cr (FY 2025) | 4.0% | Vadodara, Gujarat, India | |||
| Techaspect Solutions Private Limited | ₹185.16 Cr (FY 2025) | -12.0% | Hyderabad, Telangana, India | |||
| Jfrog India Private Limited | ₹182.85 Cr (FY 2025) | 24.0% | Bangalore, Karnataka, India | |||
| Wolters Kluwer Elm Solutions Private Limited | ₹179.09 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Nivaata Systems Private Limited | ₹178.52 Cr (FY 2025) | 54.0% | Bangalore, Karnataka, India | |||
| Netlink Software Private Limited | ₹177.15 Cr (FY 2025) | 21.0% | Mandideep, Madhya Pradesh, India | |||
| Entrata India Private Limited | ₹177.13 Cr (FY 2025) | 13.0% | Pune, Maharashtra, India | |||
| Simform Solutions Private Limited | ₹176.73 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ice MT India Private Limited, buy the company report.
Auditor
Ice MT India Private Limited is audited by Suresh Surana & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh Surana & Associates LLP | FY 2023 | 121750W/W100010 |
Shareholding
The shareholding of Ice MT 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 Ice MT India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2012 | 10342156 | Bank of India | ₹1 Cr | Satisfied | |
| 10 May 2010 | 10219199 | Bank of India | ₹2 Cr | Satisfied |
To see the full charge records of Ice MT India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ice MT India Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: IntercontinentalExchange International Inc Seller: Capsilon Holdings Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Capsilon Holdings Limited Seller: Capsilon International Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Capsilon International Limited Seller: Camden Investment Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Ice MT India 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
Ice MT India Private Limited has 2 MSME Form 1 returns on record between 2021 and 2022, listing 4 overdue payments to 2 micro and small suppliers. 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prakash Departmental Stores Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ice MT India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ice MT India Private Limited has a workforce of 1,103 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,103 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ice MT India Private Limited, buy the company report.
GST
Ice MT India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4216C1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ice MT India Private Limited, buy the company report.
Recent activity
Ice MT India Private Limited has 18 board changes on record since 2008: 5 appointments and 13 cessations. The latest: Jyoti Kukreja ceased to be Additional Director on 15 Sep 2025.
14 earlier events are in the company report.
News
Frequently asked questions
Ice MT India is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 November 1995 (31+ years old) and is registered under CIN U72900DL1995PTC418611.
Ice MT India has 5 current directors:
- Ranganath Gururao Desai - Whole-Time Director
- Jyoti Kukreja - Director
- Martin Hunter - Director
- Andrew James Surdykowski - Director
- Ashwini Amalesh Panse - Director
The latest financial statements of Ice MT India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ice MT India is 27AAACV4216C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ice MT India is U72900DL1995PTC418611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ice MT India was incorporated on 20 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Ice MT India has 3 deals on record (3 secondary share transfers); the latest was in March 2024.
The peers of Ice MT India by revenue are Sumtotal Systems India Private Limited, Civica Resource Private Limited, Techaspect Solutions Private Limited, Jfrog India Private Limited, Wolters Kluwer Elm Solutions Private Limited and 4 more, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Jyoti Kukreja ceased to be Additional Director on 15 Sep 2025. Jyoti Kukreja was appointed as Director on 23 Apr 2025. Ashwini Amalesh Panse ceased to be Additional Director on 24 Sep 2024. Ice MT India has 18 board changes on record in total.
Ice MT India has 2 MSME Form 1 returns on record between 2021 and 2022, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 Apr 2022.
Ice MT India can be reached through the website ice.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Ice MT India is at Unit No. 884 Office Block – B High Street, Vegas Mall Sector 14 Dwarka, New Delhi, Delhi, India – 110075.
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