MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0076237
Icon Infotech Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.66 Cr
▲ 20% YoY
Net profit · FY 2025
₹29.12 Lakh
Net margin 1.5%
EBITDA · FY 2025
₹77.15 Lakh
EBITDA margin 3.9%
Authorised capital
₹1.01 Cr
Registered with MCA
Paid-up capital
₹46.5 Lakh
Issued & subscribed
Open charges
₹6.33 Cr
Satisfied ₹15.6 Cr
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Icon Infotech Private Limited
Data last updated:
Icon Infotech Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH1995PTC086564. Its GSTIN is 27AAACI7604K1ZH (Maharashtra).
The company has an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹46.5 Lakh. It is led by directors including Atul Shantilal Shah and Hitesh Shantilal Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.66 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹29.12 Lakh (net margin 1.5%) and EBITDA of ₹77.15 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹6.33 Cr and satisfied charges of ₹15.6 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
Icon Infotech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0076237). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iconinfotech.com.
Company details
CIN U72900MH1995PTC086564
Registration Number 086564
Incorporation Date 16 March 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0076237
Key People
Atul Shantilal Shah Director Hitesh Shantilal Shah Director Jatin Shantilal Shah Director Recognitions & Rankings of Icon Infotech
Contact details
Icon Infotech Private Limited's registered office is in Mumbai, Maharashtra. Its website is iconinfotech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address315 Floor 3 Adhyaru Industrial Premises Co.Op Society Ltd, Sitaram Jadhav Marg Sun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Icon Infotech Private Limited, buy the company report.
Comprehensive company report
Icon Infotech 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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Secure checkout · GST invoice included
Business activity
The main business activities of Icon Infotech are trade and information and communication. In detail, this covers retail trading and computer programming, consultancy and related activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Icon Infotech Private Limited, buy the company report.
Financials of Icon Infotech Private Limited
FY 2025 filings availableIcon Infotech Private Limited reported revenue of ₹19.66 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹19.66 Cr ▲ 20%
Net profit · FY 2025
₹29.12 Lakh margin 1.5%
EBITDA · FY 2025
₹77.15 Lakh margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 1%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 13%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 20% growth in the latest year. EBITDA rose 39% 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 | ₹77.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.12 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 3.9% | ||||
| Net Profit Margin | 1.5% | ||||
| 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 Icon Infotech Private Limited, buy the company report.
Board of directors of Icon Infotech Private Limited
Icon Infotech has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Shantilal Shah Also directs: Oreon Infotech LLP | Director | 20 Apr 1998 | 28 Years 6 Months | Current |
| Hitesh Shantilal Shah | Director | 16 Mar 1995 | 31 Years 7 Months | Current |
| Jatin Shantilal Shah Also directs: Saicon Infra Ventures LLP, Emporis Information Technologies LLP, Saipushpa Infra LLP and 5 more | Director | 16 Mar 1995 | 31 Years 7 Months | Current |
Auditor
Icon Infotech Private Limited is audited by N A R A D and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N A R A D and Associates | FY 2023 | 114500W |
Shareholding
The shareholding of Icon Infotech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icon Infotech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.33 Cr
Satisfied charges
₹15.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2023 | 100756850 | Others | ₹5.82 Cr | Open | |
| 10 Dec 2021 | 100530578 | Others | ₹17 Lakh | Open | |
| 16 Oct 2020 | 100403466 | Others | ₹34 Lakh | Open | |
| 05 Apr 2013 | 10422636 | Bank of Baroda | ₹7.5 Cr | Satisfied | |
| 04 Mar 2011 | 10278542 | Bank of Baroda | ₹7.5 Cr | Satisfied |
To see the full charge records of Icon Infotech Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Icon Infotech Private Limited has 4 court cases on record: 3 filed by Icon Infotech, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against Techno Win IT Infra Private Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Techno Win IT Infra Pvt Ltd | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 5 Mumbai | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Mira Bhayandar Municipal Corporation | Disposed |
To see the full case history of Icon Infotech 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 Infotech Private Limited was last rated by Icra on 14 Dec 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Dec 2017 |
To see the full credit ratings and regulatory alerts of Icon Infotech Private Limited, buy the company report.
MSME payment delays
Icon Infotech Private Limited has 7 MSME Form 1 returns on record between 2018 and 2023, listing 26 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Icon Infotech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Icon Infotech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI7604K1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icon Infotech Private Limited, buy the company report.
Recent activity
Icon Infotech Private Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Vijpar Samat Shah ceased to be Director on 22 Feb 2009.
AGM
Icon Infotech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Icon Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 5.82 Cr with Charge ID 100756850 was registered on 19 Jul 2023.
Charges
A charge registered on 05 Apr 2013 via Charge ID 10422636 with Bank Of Baroda was fully satisfied on 19 Jul 2023.
Charges
A charge registered on 04 Mar 2011 via Charge ID 10278542 with Bank Of Baroda was fully satisfied on 19 Jul 2023.
Charges
A charge with Others amounted to Rs. 0.17 Cr with Charge ID 100530578 was registered on 10 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.34 Cr with Charge ID 100403466 was registered on 16 Oct 2020.
Charges
A charge registered on 18 Mar 2005 via Charge ID 80050864 with The Shamrao Vithal Co-Op. Bank Ltd. was fully satisfied on 17 May 2013.
Charges
A charge with Bank Of Baroda amounted to Rs. 7.50 Cr with Charge ID 10422636 was registered on 05 Apr 2013.
Charges
A charge with Bank Of Baroda of Rs. 7.50 Cr registered on 04 Mar 2011 with Charge ID 10278542 was modified on 05 Apr 2013.
Charges
A charge with Bank Of Baroda amounted to Rs. 7.50 Cr with Charge ID 10278542 was registered on 04 Mar 2011.
Ceased
Vijpar Samat Shah ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Icon Infotech is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 March 1995 (31+ years old) and is registered under CIN U72900MH1995PTC086564.
Icon Infotech has 3 current directors:
- Atul Shantilal Shah - Director
- Hitesh Shantilal Shah - Director
- Jatin Shantilal Shah - Director
The latest financial statements of Icon Infotech 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 Infotech is 27AAACI7604K1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icon Infotech is U72900MH1995PTC086564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icon Infotech has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Icon Infotech was incorporated on 16 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Vijpar Samat Shah ceased to be Director on 22 Feb 2009. Atul Shantilal Shah was appointed as Director on 20 Apr 1998. Hitesh Shantilal Shah was appointed as Director on 16 Mar 1995. Icon Infotech has 4 board changes on record in total.
Yes, Icon Infotech is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0076237).
Icon Infotech has 7 MSME Form 1 returns on record between 2018 and 2023, listing 26 overdue payments to 19 micro and small suppliers. The latest return was filed on 06 Dec 2023.
Icon Infotech can be reached through the website iconinfotech.com. Its registered office is in Mumbai, Maharashtra, India.