I-Con Industries Limited - financial services in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U30000MH1999PLC122960 Incorporated 08 December 1999 ROC Mumbai HQ Mumbai, Maharashtra, India
Converted to LLP Public Limited Company financial services
Data last updated
Revenue · FY 2024
₹4.68 Lakh
▲ 29% YoY
Net profit · FY 2024
₹1.83 Lakh
Net margin 39%
EBITDA · FY 2024
₹2.55 Lakh
EBITDA margin 54.4%
Authorised capital
₹1.6 Cr
Registered with MCA
Paid-up capital
₹1.56 Cr
Issued & subscribed
Satisfied charges
₹1.45 Cr
No open charges
Company age
27 yrs
Est. 1999
Directors on board
3
As per MCA filings

About I-Con Industries Limited

Data last updated:

I-Con Industries Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the advisory services segment of the financial services sector. It was incorporated on 08 December 1999.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U30000MH1999PLC122960.

The company had an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.56 Cr. It was led by directors including Kamal Kishore Somani and Ankit Somani.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹4.68 Lakh, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Lakh (net margin 39%) and EBITDA of ₹2.55 Lakh (EBITDA margin 54.4%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 36% over five years.

As per MCA filings, the company has satisfied charges of ₹1.45 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.

Company details

CIN U30000MH1999PLC122960
Registration Number 122960
Incorporation Date 08 December 1999
ROC Mumbai
Listing Status Unlisted
Company Status Converted to LLP
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

CIN history

I-Con Industries has one previous CIN (Corporate Identification Number): L30000MH1999PLC122960. The current CIN is U30000MH1999PLC122960, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U30000MH1999PLC122960Current
L30000MH1999PLC122960Previous

Contact details

I-Con Industries Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Flat No.144 A – Wing 14th Floor Kalptaru Habitat Chs Dr.S.S.Rao Road P, Arel, Mumbai, Maharashtra, India – 400012
  • Industry
    Financial Services, Advisory, Financial Activities, Financial Brokerage, Consultancy

To see the full contact details of I-Con Industries Limited, buy the company report.

Comprehensive company report
I-Con Industries 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 I-Con Industries is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

Financials of I-Con Industries Limited

FY 2024 filings available

I-Con Industries Limited reported revenue of ₹4.68 Lakh (up 29% YoY) for FY 2024.

Revenue · FY 2024
₹4.68 Lakh ▲ 29%
Net profit · FY 2024
₹1.83 Lakh margin 39%
EBITDA · FY 2024
₹2.55 Lakh margin 54.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▼ 27%
5 years · compounded
▼ 36%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▼ 37%
5 years · compounded
▼ 39%

Revenue rose 29% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA rose 65% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹2.55 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.83 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin54.4%
Net Profit Margin39%
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 I-Con Industries Limited, buy the company report.

Board of directors of I-Con Industries Limited

I-Con Industries has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Kamal Kishore SomaniDirector05 May 200620 Years 5 MonthsAs last reported
Ankit SomaniDirector25 Jul 200620 Years 3 MonthsAs last reported
Rachit SomaniDirector23 Aug 201115 Years 2 MonthsAs last reported

Peer comparison

I-Con Industries Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vedansh Mutual Benefit Nidhi Limited₹4.69 Lakh (FY 2024)56.0%Seohara, Uttar Pradesh, India
Rightstep Nidhi Limited₹4.69 Lakh (FY 2020)182.0%Pratapgarh, Uttar Pradesh, India
Perfect Business Consultancy Private Limited₹4.68 Lakh (FY 2025)-85.0%Noida, Uttar Pradesh, India
Songanga Micro Services Foundation₹4.68 Lakh (FY 2025)22.0%Sonbhadra, Uttar Pradesh, India
Tirumangalam Sri Selvalakshmi Chits Private Limited₹4.68 Lakh (FY 2025)-14.0%Madurai, Tamil Nadu, India
I-Con Industries Limitedthis company₹4.68 Lakh (FY 2024)₹1.83 Lakh39%29.0%Mumbai, Maharashtra, India
Pradip Credit Pvt Ltd₹4.68 Lakh (FY 2025)-52.0%Kolkata, West Bengal, India
Srivynika Chit Funds Private Limited₹4.68 Lakh (FY 2022)11.0%Karimnagar, Telangana, India
Annamanada Gramakshemam Nidhi Limited₹4.67 Lakh (FY 2025)-75.0%Thrissur, Kerala, India
Aadharlone Nidhi Limited₹4.67 Lakh (FY 2021)5618.0%Varanasi, Uttar Pradesh, India
Associated Business Counsellilng Services Private Limited₹4.67 Lakh (FY 2024)8.0%Hyderabad, Telangana, India

To see the full peer comparison of I-Con Industries Limited, buy the company report.

Auditor

I-Con Industries Limited is audited by NMB & Co for the financial year 2017.

Auditor firmFinancial yearFirm registration number
NMB & CoFY 2017131860W

Shareholding

The shareholding of I-Con Industries Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of I-Con Industries Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹1.45 Cr
Breakdown by lending institutions
Standard Chartered Bank₹1.45 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Mar 200710038854Standard Chartered Bank₹1.45 CrSatisfied

To see the full charge records of I-Con Industries Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for I-Con Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for I-Con Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

I-Con Industries Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Rachit Somani ceased to be Additional Director on 26 Sep 2011.

AGM
I-Con Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
I-Con Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 07 Mar 2007 via Charge ID 10038854 with Standard Chartered Bank was fully satisfied on 09 Nov 2017.
Ceased
Rachit Somani ceased to be Additional Director.
Ceased
Pankaj Namdharani ceased to be Director.
Appointed
Rachit Somani was appointed as Director.
Ceased
Rakhi R Maheshwari ceased to be Director.
Ceased
Suman Rajan Maheshwari ceased to be Director.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.45 Cr with Charge ID 10038854 was registered on 07 Mar 2007.
Appointed
Ankit Somani was appointed as Director.
Appointed
Kamal Kishore Somani was appointed as Director.
Incorporation
08 Dec 1999
I-Con Industries Limited was registered on 08 Dec 1999 with Roc Mumbai & aged 26 years 10 months as per MCA records.

Frequently asked questions

I-Con Industries has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.

I-Con Industries was a public limited company based in Mumbai, Maharashtra, India. The company worked in advisory, within the financial services industry. It was incorporated on 08 December 1999 and is registered under CIN U30000MH1999PLC122960. For the latest details, refer to the successor LLP entity.

The CIN (Corporate Identification Number) of I-Con Industries is U30000MH1999PLC122960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

I-Con Industries had 3 directors:

I-Con Industries was incorporated on 08 December 1999. It is registered with the Registrar of Companies, Mumbai.

The registered office of I-Con Industries is at Flat No.144 A – Wing 14th Floor Kalptaru Habitat Chs Dr.S.S.Rao Road P, Arel, Mumbai, Maharashtra, India – 400012.

The latest financial statements of I-Con Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

I-Con Industries operated in the financial services industry, in the advisory segment.

The peers of I-Con Industries by revenue are Vedansh Mutual Benefit Nidhi Limited, Rightstep Nidhi Limited, Perfect Business Consultancy Private Limited, Songanga Micro Services Foundation, Tirumangalam Sri Selvalakshmi Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).

I-Con Industries has 2 court cases on record: 2 filed against it.

Rachit Somani ceased to be Additional Director on 26 Sep 2011. Pankaj Namdharani ceased to be Director on 23 Aug 2011. Rachit Somani was appointed as Director on 23 Aug 2011. I-Con Industries has 7 board changes on record in total.