MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2021-22)
- Udyam number
- UDYAM-TS-02-0027407
Icoat Projects Private Limited - consumer electronics & durables in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹65.42 Cr
▼ 5% YoY
Net loss · FY 2020
₹2.77 Cr
Net margin -4.2%
EBITDA · FY 2020
-₹16.56 Lakh
EBITDA margin -0.3%
Authorised capital
₹1.53 Cr
Registered with MCA
Paid-up capital
₹1.53 Cr
Issued & subscribed
Open charges
₹22.78 Cr
Satisfied ₹13 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
7
Provident fund records
About Icoat Projects Private Limited
Data last updated:
Icoat Projects Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2007PTC053612. Its GSTIN is 36AABCI6744D1ZP (Telangana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.53 Cr and a paid-up capital of ₹1.53 Cr. It was formerly known as Icoat Technologies India Private Limited. It is led by directors including Devnuri Vishnuvardhan Reddy and Ballari Srinivas Rao.
Its last annual general meeting (AGM) was held on 18 March 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at H.No.1 – 9 – 1113/29/1/4 1st Floor Dayananda Nagar Vst Road Vidya Nagar, Hyderabad, Telangana, India – 500044.
As per the financials filed for FY 2020, the company reported a revenue of ₹65.42 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹2.77 Cr (net margin -4.2%) and EBITDA of -₹16.56 Lakh (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 40% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ICOAT Projects. As per MCA filings, the company has open charges of ₹22.78 Cr and satisfied charges of ₹13 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in December 2018.
Icoat Projects Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0027407). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icoat.in.
Company details
CIN U74900TG2007PTC053612
Registration Number 053612
Incorporation Date 16 April 2007
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 March 2021
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0027407
CIN history
Icoat Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900TG2007PTC053612, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TG2007PTC053612 | Current |
| U72300AP2007PTC053612 | Previous |
| U74900AP2007PTC053612 | Previous |
Key People
Devnuri Vishnuvardhan Reddy Director Ballari Srinivas Rao Director Devulapalli Pranitha Director Recognitions & Rankings of Icoat Projects
Contact details
Icoat Projects Private Limited's registered office is in Hyderabad, Telangana. Its website is icoat.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressH.No.1 – 9 – 1113/29/1/4 1st Floor Dayananda Nagar Vst Road Vidya Nagar, Hyderabad, Telangana, India – 500044
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Icoat Projects Private Limited, buy the company report.
Comprehensive company report
Icoat Projects 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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Brands
Icoat Projects operates one associated brand: ICOAT Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of electrical & instrumentation products and pharmaceutical facility design services | icoat.in |
Business activity
The main business activity of Icoat Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Icoat Projects Private Limited, buy the company report.
Financials of Icoat Projects Private Limited
FY 2020 filings availableIcoat Projects Private Limited reported revenue of ₹65.42 Cr (down 5% YoY) for FY 2020.
Revenue · FY 2020
₹65.42 Cr ▼ 5%
Net loss · FY 2020
₹2.77 Cr margin -4.2%
EBITDA · FY 2020
-₹16.56 Lakh margin -0.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 43%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▼ 106%
3 years · compounded
▼ 33%
5 years · compounded
▼ 20%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA fell 106% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹65.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹16.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.77 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | ||||
| Net Profit Margin | -4.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Icoat Projects Private Limited, buy the company report.
Board of directors of Icoat Projects Private Limited
Icoat Projects has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devnuri Vishnuvardhan Reddy | Director | 05 May 2009 | 17 Years 5 Months | Current |
| Ballari Srinivas Rao | Director | 09 Oct 2025 | 1 Years 0 Months | Current |
| Devulapalli Pranitha | Director | 21 Nov 2013 | 12 Years 11 Months | Current |
| Ballari Madhavi | Director | 27 Nov 2025 | 0 Years 10 Months | Current |
Auditor
Icoat Projects Private Limited is audited by U S MURTHY & ASSOCITAES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U S MURTHY & ASSOCITAES | FY 2020 | 014078S |
Shareholding
The shareholding of Icoat Projects Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Icoat Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.78 Cr
Satisfied charges
₹13 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2019 | 100258671 | State Bank of India | ₹22.78 Cr | Open | |
| 26 Jul 2017 | 100154593 | Others | ₹20 Lakh | Satisfied | |
| 11 Jul 2017 | 100123622 | Others | ₹12 Cr | Satisfied | |
| 07 Aug 2014 | 10522934 | State Bank of Hyderabad | ₹80 Lakh | Satisfied |
To see the full charge records of Icoat Projects Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Icoat Projects Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in December 2018.
Total deals
8
Secondary share transfers
7
Funding round
1
Disclosed funding
₹8.8 Lakh
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: CS Shares and Stocks Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: S V S Services Seller: CS Shares and Stocks Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: CS Shares and Stocks Private Limited , 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: CS Shares and Stocks Private Limited , an individual Seller: Integrated Cleanroom Technologies Private Limited , 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: CS Shares and Stocks Private Limited Seller: 3 individuals |
To see the full deal history of Icoat Projects Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Icoat Projects Private Limited has 5 court cases on record: 1 filed by Icoat Projects, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 2 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Arbitration matter | Filed against the company by M/S. Yash Ispat Pvt. Ltd. | Disposed |
| District court, Hyderabad Central, Telangana | Court case (STC - NI) | Filed against the company by M/S. HDFC Bank Ltd, Rep by Its Authorized Signatory Mr. Sudher Madde | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against individuals | Disposed |
To see the full case history of Icoat Projects Private 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
Icoat Projects Private Limited was last rated by Care on 22 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Jan 2026 |
To see the full credit ratings and regulatory alerts of Icoat Projects Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icoat Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icoat Projects Private Limited has a workforce of 7 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-63.16%
GST
Icoat Projects has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCI6744D1ZP | Telangana | Active | 01 Jul 2017 |
| 37AABCI6744D1ZN | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icoat Projects Private Limited, buy the company report.
Recent activity
Icoat Projects Private Limited has 11 board changes on record since 2008: 4 appointments and 7 cessations. The latest: Ballari Madhavi was appointed as Director on 27 Nov 2025.
Appointed
Ballari Madhavi was appointed as Director.
Appointed
Ballari Srinivas Rao was appointed as Director.
Charges
A charge registered on 11 Jul 2017 via Charge ID 100123622 with Others was fully satisfied on 16 Aug 2023.
AGM
Icoat Projects Private Limited last Annual general meeting of members was held on 18 Mar 2021 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 22.78 Cr registered on 08 Apr 2019 with Charge ID 100258671 was modified on 06 Oct 2020.
Charges
A charge registered on 26 Jul 2017 via Charge ID 100154593 with Others was fully satisfied on 05 Oct 2020.
Filing
Icoat Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Hyderabad.
Charges
A charge with State Bank Of India amounted to Rs. 22.78 Cr with Charge ID 100258671 was registered on 08 Apr 2019.
Ceased
Devulapalli Pranitha ceased to be Additional Director.
Charges
A charge with Others of Rs. 12.00 Cr registered on 11 Jul 2017 with Charge ID 100123622 was modified on 03 Mar 2018.
Ceased
Ballari Srinivas Rao ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100154593 was registered on 26 Jul 2017.
11 earlier events are in the company report.
Frequently asked questions
Icoat Projects is an active private limited company based in Hyderabad, Telangana, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 April 2007 (19+ years old) and is registered under CIN U74900TG2007PTC053612.
Icoat Projects has 4 current directors:
- Devnuri Vishnuvardhan Reddy - Director
- Ballari Srinivas Rao - Director
- Devulapalli Pranitha - Director
- Ballari Madhavi - Director
The latest financial statements of Icoat Projects on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 18 March 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Icoat Projects is 36AABCI6744D1ZP, registered in Telangana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 37AABCI6744D1ZN (Andhra Pradesh).
The CIN (Corporate Identification Number) of Icoat Projects is U74900TG2007PTC053612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icoat Projects has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Icoat Projects was incorporated on 16 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Hyderabad.
Icoat Projects has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in December 2018.
Ballari Madhavi was appointed as Director on 27 Nov 2025. Ballari Srinivas Rao was appointed as Director on 09 Oct 2025. Devulapalli Pranitha ceased to be Additional Director on 30 Sep 2018. Icoat Projects has 11 board changes on record in total.
Yes, Icoat Projects is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0027407).