About Icl Fincorp Limited
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Icl Fincorp Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 09 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65191TN1991PLC021815. Its GSTIN is 33AAACJ1806C1ZC (Tamil Nadu). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹65.21 Cr. It was formerly known as Jawahar Finance Ltd and Irinjalakuda Credits & Leasing Company Limited. It is led by directors including Kuzhuppilly Govinda Menon Anilkumar (Managing Director) and Elacode Krishnan Nair Harikumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹191.69 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹17.4 Lakh (net margin 0.1%) and EBITDA of ₹91.93 Cr (EBITDA margin 48%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 27% over five years.
The company has about 585 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: ICL Fincorp. As per MCA filings, the company has open charges of ₹1,248.54 Cr and satisfied charges of ₹383.32 Cr on record. Court records list 420 cases involving the company, including 405 filed by the company and 15 filed against it; 92 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iclfincorp.com.
Company details
Name history
Icl Fincorp has undergone 2 name changes throughout its history. The company was previously known as Jawahar Finance Ltd, and Irinjalakuda Credits & Leasing Company Limited. The current legal name is Icl Fincorp Limited.
| Company Name | Status |
|---|---|
| Icl Fincorp Limited | Current |
| Jawahar Finance Ltd | Previous |
| Irinjalakuda Credits & Leasing Company Limited | Previous |
Contact details
Icl Fincorp Limited's registered office is in Chennai, Tamil Nadu. Its website is iclfincorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. C308 Door No. 66/40, 4th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Icl Fincorp 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
Icl Fincorp operates one associated brand: ICL Fincorp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Finance and insurance services are provided to individuals and professionals. | iclfincorp.com |
Business activity
The main business activity of Icl Fincorp is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Icl Fincorp Limited, buy the company report.
Financials of Icl Fincorp Limited
FY 2025 filings availableIcl Fincorp Limited reported revenue of ₹191.69 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 32% growth in the latest year. EBITDA rose 29% 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 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹91.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.4 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Icl Fincorp Limited, buy the company report.
Board of directors of Icl Fincorp Limited
Icl Fincorp has 8 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ambadath Aiyyappan Balan Also directs: Salem Erode Investments Limited | Director | 25 Sep 2021 | 5 Years 1 Months | Current |
| Kuzhuppilly Govinda Menon Anilkumar Also directs: Salem Erode Investments Limited, Laneseda Vanijya Pvt Ltd, Snow View Tex Collections Private Limited and 5 more | Managing Director | 14 Jul 2004 | 22 Years 3 Months | Current |
| Kakkeri Kochakkan Wilson | Director | 11 Dec 2017 | 8 Years 11 Months | Current |
| Shinto Stanly | Director | 03 Dec 2019 | 6 Years 11 Months | Current |
| Elacode Krishnan Nair Harikumar | Whole-Time Director | 14 Feb 2025 | 1 Years 8 Months | Current |
| Rajashree Ajith | Whole-Time Director | 16 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Icl Fincorp Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arnold Holdings Ltd | ₹202 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| Save Microfinance Private Limited | ₹198.1 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| U. Y. Fincorp Limited | ₹197 Cr (FY 2024) | 245.0% | Kolkata, West Bengal, India | |||
| V I C Enterprises Private Ltd. | ₹192.43 Cr (FY 2018) | 110.0% | New Delhi, Delhi, India | |||
| Icl Fincorp Limitedthis company | ₹191.69 Cr (FY 2025) | ₹17.4 Lakh | 0.1% | 32.0% | 585 | Chennai, Tamil Nadu, India |
| Manba Finance Limited | ₹191.63 Cr (FY 2024) | 43.0% | Mumbai, Maharashtra, India | |||
| Shamyak Investment Private Limited | ₹190.69 Cr (FY 2020) | 278.0% | Mumbai, Maharashtra, India | |||
| Mekaster Finlease Limited | ₹189.21 Cr (FY 2019) | 499.0% | New Delhi, Delhi, India |
To see the full peer comparison of Icl Fincorp Limited, buy the company report.
Auditor
Icl Fincorp Limited is audited by MOHANDAS & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHANDAS & ASSOCIATES | FY 2019 | 02116S |
Shareholding
The shareholding of Icl Fincorp Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icl Fincorp Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2025 | 101201871 | Others | ₹97.08 Cr | Open | |
| 31 Oct 2025 | 101179011 | The South Indian Bank Limited | ₹2.7 Cr | Open | |
| 23 Oct 2025 | 101181631 | Hdfc Bank Limited | ₹7.6 Cr | Open | |
| 15 Oct 2025 | 101189855 | Axis Bank Limited | ₹4.5 Cr | Open | |
| 08 Oct 2025 | 101179607 | Others | ₹3.49 Cr | Open |
To see the full charge records of Icl Fincorp Limited, buy the company report.
Total charge records: 79 View all charges
Legal cases
Icl Fincorp Limited has 420 court cases on record: 405 filed by Icl Fincorp, 15 filed against it. 92 cases are pending and 328 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 410 | 12 | 88 |
| High courts | 9 | 2 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 420)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Court case (MA (Arb)) | Filed by the company against an individual | Pending |
To see the full case history of Icl Fincorp Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Icl Fincorp Limited was last rated by Brickwork on 28 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 28 Jan 2022 |
To see the full credit ratings and regulatory alerts of Icl Fincorp Limited, buy the company report.
MSME payment delays
Icl Fincorp Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 41 overdue payments to 5 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Caits Info Solutions Private Limited | |||
| Bini Aluminium Fabrication | |||
| Postiefs Technologies Private Limited | |||
| Ashlyn Chemunnoor Instruments Private Limited | |||
| Caits Info Solutions |
To see the full MSME payment records of Icl Fincorp Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Icl Fincorp has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Salem Erode Investments Limited | L31200TN1931PLC145816 |
To see the full group structure of Icl Fincorp Limited, buy the company report.
Employees & EPFO
Icl Fincorp Limited has a workforce of 585 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 | 585 |
| 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 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Icl Fincorp Limited, buy the company report.
GST
Icl Fincorp has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACJ1806C1ZC | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAACJ1806C1Z1 | Karnataka | Active | 01 Jul 2017 |
| 36AAACJ1806C1Z6 | Telangana | Active | 01 Jul 2017 |
| 37AAACJ1806C1Z4 | Andhra Pradesh | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Icl Fincorp Limited, buy the company report.
Recent activity
Icl Fincorp Limited has 36 board changes on record since 2004: 8 appointments and 28 cessations. The latest: Sunil Kumar Singh was appointed as Additional Director on 16 Jul 2025.
134 earlier events are in the company report.
Frequently asked questions
Icl Fincorp is an active public limited company based in Chennai, Tamil Nadu, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 09 December 1991 (35+ years old) and is registered under CIN U65191TN1991PLC021815.
Icl Fincorp has 8 current directors:
- Kuzhuppilly Govinda Menon Anilkumar - Managing Director
- Elacode Krishnan Nair Harikumar - Whole-Time Director
- Rajashree Ajith - Whole-Time Director
- Umadevi Anilkumar - Whole-Time Director
- Ambadath Aiyyappan Balan - Director
- Kakkeri Kochakkan Wilson - Director
- Shinto Stanly - Director
- Sunil Kumar Singh - Additional Director
The latest financial statements of Icl Fincorp on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icl Fincorp is 33AAACJ1806C1ZC, registered in Tamil Nadu. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 29AAACJ1806C1Z1 (Karnataka), 36AAACJ1806C1Z6 (Telangana), 37AAACJ1806C1Z4 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Icl Fincorp is U65191TN1991PLC021815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icl Fincorp has 420 court cases on record: 405 filed by the company and 15 filed against it. 92 are pending. Most are in the district courts.
Icl Fincorp was incorporated on 09 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Icl Fincorp by revenue are Arnold Holdings Ltd, Save Microfinance Private Limited, U. Y. Fincorp Limited, V I C Enterprises Private Ltd, Manba Finance Limited and 2 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Sunil Kumar Singh was appointed as Additional Director on 16 Jul 2025. Elacode Krishnan Nair Harikumar was appointed as Whole-Time Director on 14 Feb 2025. Elacode Krishnan Nair Harikumar ceased to be Additional Director on 14 Feb 2025. Icl Fincorp has 36 board changes on record in total.
Icl Fincorp has 8 MSME Form 1 returns on record between 2019 and 2024, listing 41 overdue payments to 5 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Icl Fincorp can be reached through the website iclfincorp.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Icl Fincorp is at Plot No. C308 Door No. 6640, 4th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
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