Icga Foundation
About Icga Foundation
Data last updated:
Icga Foundation is a private not for profit company based in Pune, Maharashtra, India. It operates in the research and development sector. It was incorporated on 22 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U73100PN2021NPL197972. Its GSTIN is 27AAFCI9895K1ZN (Maharashtra).
It is led by directors including Anand Suresh Deshpande and Sunil Shankar Badve.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhageerath Vetal Chowk 402E Senapati Bapat Road, Pune, Maharashtra, India – 411016.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.37 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹71.35 Lakh (net margin -52.2%) and EBITDA of -₹70.5 Lakh (EBITDA margin -51.6%). Revenue has grown at a compounded annual rate (CAGR) of 114% over three years.
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- Registered AddressBhageerath Vetal Chowk 402E Senapati Bapat Road, Pune, Maharashtra, India – 411016
- IndustryResearch & Development, Research & Development
- 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
Business Activity of Icga Foundation
The main business activity of Icga Foundation is professional, scientific and technical. In detail, this covers scientific research and development.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Icga Foundation FY 2025 filings available
Icga Foundation reported revenue of ₹1.37 Cr (down 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icga Foundation
Revenue fell 55% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 114%. EBITDA fell 131% 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 Icga Foundation
| 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 | -₹70.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹71.35 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 Icga Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -52.2% | •••• | •••• | •••• | •••• |
| 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 Icga Foundation are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Icga Foundation
Icga Foundation is compared with the companies closest to it by revenue in the same principal business activity (Scientific research and development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ipass Solutions Private Limited | ₹1.39 Cr (FY 2022) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Abbess Health Care OPC Private Limited | ₹1.39 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Navi Mumbai, Maharashtra, India |
| Northwind Interior Private Limited | ₹1.38 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Piersight Space Private Limited | ₹1.37 Cr (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Sohum Innovation Labs India Private Limited | ₹1.37 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Bhopal, Madhya Pradesh, India |
| Icga Foundation this company | ₹1.37 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Pune, Maharashtra, India |
| Swarnaprasu Biotech Private Limited | ₹1.37 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bhubaneswar, Odisha, India |
| Capital Stroke Investment Services Private Limited | ₹1.36 Cr (FY 2022) | •••• | •••• | -72.0% | •••• | Indore, Madhya Pradesh, India |
| Mantrana Maritime Advisory Private Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Navi Mumbai, Maharashtra, India |
| Chembrich Technology Private Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | Thane, Maharashtra, India |
| Med Indite Communication Private Limited | ₹1.36 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Icga Foundation by revenue in the same principal business activity (Scientific research and development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Icga Foundation
Icga Foundation is audited by JOSHI APTE & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JOSHI APTE & CO. | 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 Icga Foundation
Icga Foundation has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Suresh Deshpande Also directs: Persistent Systems Limited, Mahratta Chamber of Commerce Industries and Agriculture, Rama - Purushottam Foundation and 3 more | Director | 22 Jan 2021 | 5 Years 8 Months | Current |
| Sunil Shankar Badve | Director | 29 Sep 2021 | 5 Years 0 Months | Current |
| Chinta Mani | Director | 29 Sep 2021 | 5 Years 0 Months | Current |
| Ravi Kumar Mehrotra | Director | 22 Jan 2021 | 5 Years 8 Months | Current |
| Shekhar Chintamani Mande | Additional Director | 05 Jan 2026 | 0 Years 9 Months | Current |
| Suveera Dhup | Additional Director | 24 Jan 2026 | 0 Years 8 Months | Current |
Ownership and Shareholding of Icga Foundation
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 Icga Foundation
Icga Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icga Foundation
Icga Foundation has a workforce of 0 employees as of Aug 29, 2025.
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 Icga Foundation
Icga Foundation has 10 board changes on record since 2021: 7 appointments and 3 cessations. The latest: Debasisa Mohanty was appointed as Additional Director on 22 Apr 2026.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Icga Foundation
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 Icga Foundation
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 Icga Foundation
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 Icga Foundation
Icga Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI9895K1ZN | Maharashtra | Active | 08 Sep 2021 |
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 Icga Foundation
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 Icga Foundation
Icga Foundation is an active private not for profit company based in Pune, Maharashtra, India. The company works in the research and development industry. It was incorporated on 22 January 2021 (5+ years old) and is registered under CIN U73100PN2021NPL197972.
Icga Foundation reported revenue of ₹1.37 Cr for FY 2025 (down 55% YoY).
Icga Foundation has 7 current directors:
- Anand Suresh Deshpande - Director
- Sunil Shankar Badve - Director
- Chinta Mani - Director
- Ravi Kumar Mehrotra - Director
- Shekhar Chintamani Mande - Additional Director
- Suveera Dhup - Additional Director
- Debasisa Mohanty - Additional Director
Icga Foundation reported a net loss of ₹71.35 Lakh (net margin -52.2%) and EBITDA of -₹70.5 Lakh (EBITDA margin -51.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icga Foundation is 114% over three years. In the latest year (FY 2025) revenue fell 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icga Foundation is 27AAFCI9895K1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icga Foundation is U73100PN2021NPL197972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icga Foundation was incorporated on 22 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Icga Foundation by revenue are Ipass Solutions Private Limited, Abbess Health Care OPC Private Limited, Northwind Interior Private Limited, Piersight Space Private Limited, Sohum Innovation Labs India Private Limited and 5 more, all in the same principal business activity (Scientific research and development).
Debasisa Mohanty was appointed as Additional Director on 22 Apr 2026. Suveera Dhup was appointed as Additional Director on 24 Jan 2026. Shekhar Chintamani Mande was appointed as Additional Director on 05 Jan 2026. Icga Foundation has 10 board changes on record in total.
The registered office of Icga Foundation is at Bhageerath Vetal Chowk 402E Senapati Bapat Road, Pune, Maharashtra, India – 411016.