About Icon Granito Private Limited
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Icon Granito Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 29 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2007PTC051625. Its GSTIN is 24AABCI7332R1Z7 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60.1 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Dipak Chandrakantbhai Lalakiya and Nishant Mahendrabhai Faldu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 8/P 14 41 42 43 46/P1 Old Ghuntu Road Mahendranagar, Morbi, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹854.56 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹22.62 Cr (net margin 2.6%) and EBITDA of ₹50.63 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 34% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Icon Granito. As per MCA filings, the company has open charges of ₹568.18 Cr and satisfied charges of ₹47.11 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 2 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹18.8 Cr; the latest was in May 2021. Its 5 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Asian Granito India Limited with revenue of ₹1,567.7 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iconworldoftile.com.
Company details
Contact details
Icon Granito Private Limited's registered office is in Morbi, Gujarat. Its website is iconworldoftile.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 8/P 14 41 42 43 46/P1 Old Ghuntu Road Mahendranagar, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Icon Granito 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
Icon Granito operates one associated brand: Icon Granito. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality porcelain and wall tiles for residential and commercial use. | icongranito.com |
Business activity
The main business activities of Icon Granito are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Icon Granito Private Limited, buy the company report.
Financials of Icon Granito Private Limited
FY 2025 filings availableIcon Granito Private Limited reported revenue of ₹854.56 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 32% growth in the latest year. EBITDA rose 275% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹854.56 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.62 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 5.9% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Icon Granito Private Limited, buy the company report.
Board of directors of Icon Granito Private Limited
Icon Granito 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 |
|---|---|---|---|---|
| Dipak Chandrakantbhai Lalakiya | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Nishant Mahendrabhai Faldu | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Pankaj Devrajbhai Sarodia | Director | 29 Aug 2007 | 19 Years 2 Months | Current |
| Deepakkumar Manjibhai Tilva | Director | 01 Sep 2009 | 17 Years 1 Months | Current |
| Anilbhai Khimjibhai Shapariya Also directs: Kedila Tiles (India) Private Limited | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Bhargav Jamnadas Faldu | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Icon Granito Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asian Granito India Limited | ₹1,567.7 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Classic Marble Company Private Limited | ₹923.58 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Pokarna Engineered Stone Limited | ₹921.78 Cr (FY 2025) | 40.0% | Telangana, India | |||
| Icon Granito Private Limitedthis company | ₹854.56 Cr (FY 2025) | ₹22.62 Cr | 2.6% | 32.0% | 34 | Morbi, Gujarat, India |
| Carysil Limited | ₹825.4 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Sunhearrt Ceramix Private Limited | ₹764.94 Cr (FY 2024) | 1.0% | At Dhuva, Gujarat, India |
To see the full peer comparison of Icon Granito Private Limited, buy the company report.
Auditor
Icon Granito Private Limited is audited by S. Sharda and Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Sharda and Associates | FY 2025 | 117361W |
Shareholding
The shareholding of Icon Granito Private 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 Icon Granito Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2025 | 101063135 | Hdfc Bank Limited | ₹111.65 Cr | Open | |
| 25 Oct 2018 | 100216251 | Hdfc Bank Limited | ₹28.04 Cr | Open | |
| 31 Jan 2018 | 100154059 | Hdfc Bank Limited | ₹163.67 Cr | Open | |
| 16 Nov 2017 | 100142224 | Hdfc Bank Limited | ₹193.17 Cr | Open | |
| 26 Sep 2014 | 10523251 | Others | ₹40.65 Cr | Open |
To see the full charge records of Icon Granito Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Icon Granito Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹18.8 Cr; the latest was in May 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Funding round | ₹12 Cr | Investors: Others - Icon Granito Private Limited, Dipak M Tilva HUF, Bhavesh Chhaganlal Faldu HUF |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Others - Icon Granito Private Limited, 3 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2015 | Funding round | ₹1 Cr | Investors: Others - Icon Granito Private Limited, Mayank Chimanlal Faldu HUF, 2 individuals |
| Dec 2007 | Funding round | ₹5.8 Cr | Investors: Others - Icon Granito Private Limited, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Icon Granito Private Limited has 10 court cases on record: 3 filed by Icon Granito, 7 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MORBI, Gujarat | Court case (CR EN) | Filed by the company against Shri Prabhakar Varma Varadaraju Pro Global Ceramics | Pending |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST-LC) | Filed against the company by an individual | Disposed |
| District court, MORBI, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
To see the full case history of Icon Granito 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
Icon Granito Private Limited was last rated by Icra on 23 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Dec 2021 |
To see the full credit ratings and regulatory alerts of Icon Granito Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icon Granito Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Icon Granito has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Icon Granito Private Limited has a workforce of 34 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Icon Granito has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI7332R1Z7 | Gujarat | Active | 01 Jul 2017 |
| 27AABCI7332R1Z1 | Maharashtra | Active | 04 Dec 2025 |
To see the full GST registrations and return filing status of Icon Granito Private Limited, buy the company report.
Recent activity
Icon Granito Private Limited has 10 board changes on record since 2007: 7 appointments and 3 cessations. The latest: Anilbhai Khimjibhai Shapariya was appointed as Director on 01 Sep 2025.
22 earlier events are in the company report.
Frequently asked questions
Icon Granito is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 29 August 2007 (19+ years old) and is registered under CIN U26933GJ2007PTC051625.
Icon Granito has 7 current directors:
- Dipak Chandrakantbhai Lalakiya - Director
- Nishant Mahendrabhai Faldu - Director
- Pankaj Devrajbhai Sarodia - Director
- Deepakkumar Manjibhai Tilva - Director
- Anilbhai Khimjibhai Shapariya - Director
- Bhargav Jamnadas Faldu - Director
- Priyesh Vrujlal Sarodia - Director
The latest financial statements of Icon Granito on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icon Granito is 24AABCI7332R1Z7, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCI7332R1Z1 (Maharashtra).
The CIN (Corporate Identification Number) of Icon Granito is U26933GJ2007PTC051625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icon Granito has 10 court cases on record: 3 filed by the company and 7 filed against it. 2 are pending.
Icon Granito was incorporated on 29 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Icon Granito has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹18.8 Cr; the latest was in May 2021.
The peers of Icon Granito by revenue are Asian Granito India Limited, Classic Marble Company Private Limited, Pokarna Engineered Stone Limited, Carysil Limited, Sunhearrt Ceramix Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Anilbhai Khimjibhai Shapariya was appointed as Director on 01 Sep 2025. Bhargav Jamnadas Faldu was appointed as Director on 01 Sep 2025. Dipak Chandrakantbhai Lalakiya was appointed as Director on 01 Sep 2025. Icon Granito has 10 board changes on record in total.
Icon Granito can be reached through the website iconworldoftile.com. Its registered office is in Morbi, Gujarat, India.
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