I-Con Industries Limited
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 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.
| CIN | Status |
|---|---|
| U30000MH1999PLC122960 | Current |
| L30000MH1999PLC122960 | Previous |
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 AddressFlat No.144 A – Wing 14th Floor Kalptaru Habitat Chs Dr.S.S.Rao Road P, Arel, Mumbai, Maharashtra, India – 400012
- IndustryFinancial Services, Advisory, Financial Activities, Financial Brokerage, Consultancy
To see the full contact details of I-Con Industries 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
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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of I-Con Industries Limited
FY 2024 filings availableI-Con Industries Limited reported revenue of ₹4.68 Lakh (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.83 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.4% | ||||
| Net Profit Margin | 39% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Kishore Somani | Director | 05 May 2006 | 20 Years 5 Months | As last reported |
| Ankit Somani Also directs: Sahayog Mercantile LLP, I-Con Industries LLP, Spa Corporate Services Private Limited and 3 more | Director | 25 Jul 2006 | 20 Years 3 Months | As last reported |
| Rachit Somani | Director | 23 Aug 2011 | 15 Years 2 Months | As 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 Lakh | 39% | 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 firm | Financial year | Firm registration number |
|---|---|---|
| NMB & Co | FY 2017 | 131860W |
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 category | FY 2017 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2007 | 10038854 | Standard Chartered Bank | ₹1.45 Cr | Satisfied |
To see the full charge records of I-Con Industries Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
I-Con Industries Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Rajasthan State Industrail Development and Investment Corporation Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
To see the full case history of I-Con Industries 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.
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.
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:
- Kamal Kishore Somani - Director
- Ankit Somani - Director
- Rachit Somani - Director
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.