Startup India Government of India
Icet IT Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹67.55 Lakh
▲ 226% YoY
Net profit · FY 2023
₹15.21 Lakh
Net margin 22.5%
EBITDA · FY 2023
₹15.57 Lakh
EBITDA margin 23.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
2
Provident fund records
Directors on board
2
As per MCA filings
About Icet IT Solutions Private Limited
Data last updated:
Icet IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2018PTC113014. Its GSTIN is 29AAECI8707P1ZT (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sreedhar Narla and Janakiram Patibandla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. L – 142 3rd Floor 5th Avenue 5th Main Hsr Layout 6th Sector, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹67.55 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹15.21 Lakh (net margin 22.5%) and EBITDA of ₹15.57 Lakh (EBITDA margin 23.1%). Revenue has grown at a compounded annual rate (CAGR) of 142% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website icetsolutions.com.
Company details
CIN U72200KA2018PTC113014
Registration Number 113014
Incorporation Date 10 May 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Icet IT Solutions
Contact details
Icet IT Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is icetsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. L – 142 3rd Floor 5th Avenue 5th Main Hsr Layout 6th Sector, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Icet IT Solutions Private Limited, buy the company report.
Comprehensive company report
Icet IT Solutions 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 Icet IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Icet IT Solutions Private Limited, buy the company report.
Financials of Icet IT Solutions Private Limited
FY 2023 filings availableIcet IT Solutions Private Limited reported revenue of ₹67.55 Lakh (up 226% YoY) for FY 2023.
Revenue · FY 2023
₹67.55 Lakh ▲ 226%
Net profit · FY 2023
₹15.21 Lakh margin 22.5%
EBITDA · FY 2023
₹15.57 Lakh margin 23.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 226%
3 years · compounded
▲ 142%
EBITDA CAGR growth
3 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 142% over three years, including 226% 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
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| EBITDA | ₹15.57 Lakh | ||||
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| Net Profit (PAT) | ₹15.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 23.1% | ||||
| Net Profit Margin | 22.5% | ||||
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To see the full financial statements and ratios of Icet IT Solutions Private Limited, buy the company report.
Board of directors of Icet IT Solutions Private Limited
Icet IT Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreedhar Narla | Director | 10 May 2018 | 8 Years 5 Months | Current |
| Janakiram Patibandla | Director | 13 Jul 2018 | 8 Years 3 Months | Current |
Peer comparison
Icet IT Solutions Private Limited is compared with the 8 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| NRT IT Services India Private Limited | ₹67.6 Lakh (FY 2017) | -72.0% | Mangalore, Karnataka, India | |||
| 7Fc Consultancy India Private Limited | ₹67.6 Lakh (FY 2024) | 144.0% | Coimbatore, Tamil Nadu, India | |||
| Uix Tech Labs Private Limited | ₹67.6 Lakh (FY 2024) | Delhi, India | ||||
| Webcorp Solutions Private Limited | ₹67.56 Lakh (FY 2024) | 9.0% | Hyderabad, Telangana, India | |||
| Evernote Technologies India Private Limited | ₹67.56 Lakh (FY 2023) | 30.0% | Delhi, India | |||
| Icet IT Solutions Private Limitedthis company | ₹67.55 Lakh (FY 2023) | ₹15.21 Lakh | 22.5% | 226.0% | 2 | Bangalore, Karnataka, India |
| Plodding Tech Private Limited | ₹67.49 Lakh (FY 2025) | 716.0% | Chandigarh, India | |||
| Qvalpro Solutions India Private Limited | ₹67.49 Lakh (FY 2025) | -8.0% | Coimbatore, Tamil Nadu, India | |||
| Creapptive Solutions Private Limited | ₹67.49 Lakh (FY 2024) | 16.0% | Pune, Maharashtra, India |
To see the full peer comparison of Icet IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Icet IT Solutions 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 Icet IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icet IT Solutions Private Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Icet IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI8707P1ZT | Karnataka | Active | 09 Aug 2018 |
To see the full GST registrations and return filing status of Icet IT Solutions Private Limited, buy the company report.
Recent activity
Icet IT Solutions Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Anand Kumar Narla ceased to be Director on 25 Mar 2020.
AGM
Icet It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Icet It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Anand Kumar Narla ceased to be Director.
Appointed
Janakiram Patibandla was appointed as Director.
Ceased
Venkatesh Naveenkumar ceased to be Director.
Appointed
Sreedhar Narla was appointed as Director.
Incorporation
10 May 2018
Icet It Solutions Private Limited was registered on 10 May 2018 with Roc Bangalore & aged 8 years 5 months as per MCA records.
Frequently asked questions
Icet IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 May 2018 (8+ years old) and is registered under CIN U72200KA2018PTC113014.
Icet IT Solutions has 2 current directors:
- Sreedhar Narla - Director
- Janakiram Patibandla - Director
The latest financial statements of Icet IT Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Icet IT Solutions is 29AAECI8707P1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Icet IT Solutions is U72200KA2018PTC113014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icet IT Solutions was incorporated on 10 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Icet IT Solutions by revenue are NRT IT Services India Private Limited, 7Fc Consultancy India Private Limited, Uix Tech Labs Private Limited, Webcorp Solutions Private Limited, Evernote Technologies India Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Anand Kumar Narla ceased to be Director on 25 Mar 2020. Janakiram Patibandla was appointed as Director on 13 Jul 2018. Venkatesh Naveenkumar ceased to be Director on 13 Jul 2018. Icet IT Solutions has 4 board changes on record in total.
Yes, Icet IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Icet IT Solutions can be reached through the website icetsolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Icet IT Solutions is at No. L – 142 3rd Floor 5th Avenue 5th Main Hsr Layout 6th Sector, Bangalore, Karnataka, India – 560102.