MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0064592
Iconverge Services Private Limited - media and publishing in Kandivlai West, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24 Lakh
▲ 195.48% YoY
Net loss · FY 2025
₹39.9 Lakh
Net margin -166.3%
EBITDA · FY 2025
-₹2.3 Lakh
EBITDA margin -9.6%
Authorised capital
₹23 Lakh
Registered with MCA
Paid-up capital
₹22.46 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Iconverge Services Private Limited
Data last updated:
Iconverge Services Private Limited is a private limited company based in Kandivlai West, Maharashtra, India, a subsidiary of Iconverge Digital Solutions Private Limited. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 01 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC315121. Its GSTIN is 27AARCA4042L1ZC (Maharashtra).
The company has an authorised share capital of ₹23 Lakh and a paid-up capital of ₹22.46 Lakh. It was formerly known as Adsjoi Solutions Private Limited. It is led by directors Rajaram Kashiram Padwal and Rakhi Balu Nikam.
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 Kandivlai West, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹24 Lakh. For the same year it recorded a net loss of ₹39.9 Lakh (net margin -166.3%) and EBITDA of -₹2.3 Lakh (EBITDA margin -9.6%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 63% over five years.
The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2.53 Cr; the latest was in March 2022.
Iconverge Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0064592). For more details, the company can be reached via its website adsjoi.com.
Company details
CIN U74999MH2018PTC315121
Registration Number 315121
Incorporation Date 01 October 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Iconverge Digital Solutions Private Limited
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0064592
Recognitions & Rankings of Iconverge Services
Contact details
Iconverge Services Private Limited's registered office is in Kandivlai West, Maharashtra. Its website is adsjoi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Unit No. 119 Raghuleela Mega Mall, S.V. Road Kandivali (W) Opp. Poisar Bus Depot, Kandivlai West, Maharashtra, India – 400067
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Iconverge Services Private Limited, buy the company report.
Comprehensive company report
Iconverge Services 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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Business activity
The main business activity of Iconverge Services is professional, scientific and technical activities. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 73 | Advertising and market research |
To see the full business activity and turnover split of Iconverge Services Private Limited, buy the company report.
Financials of Iconverge Services Private Limited
FY 2025 filings availableIconverge Services Private Limited reported revenue of ₹24 Lakh for FY 2025.
Revenue · FY 2025
₹24 Lakh
Net loss · FY 2025
₹39.9 Lakh margin -166.3%
EBITDA · FY 2025
-₹2.3 Lakh margin -9.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 74%
5 years · compounded
▼ 63%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 50%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years. EBITDA rose 48% 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 | -₹2.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹39.9 Lakh | ||||
| Balance Sheet | |||||
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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 | -9.6% | ||||
| Net Profit Margin | -166.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Iconverge Services Private Limited, buy the company report.
Board of directors of Iconverge Services Private Limited
Iconverge Services has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajaram Kashiram Padwal Also directs: Proglobiz Services Private Limited | Director | 25 Sep 2023 | 3 Years 1 Months | Current |
| Rakhi Balu Nikam Also directs: Proglobiz Services Private Limited | Director | 02 Jan 2020 | 6 Years 10 Months | Current |
Auditor
Iconverge Services Private Limited is audited by PANKAJ GOSWAMI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANKAJ GOSWAMI & CO | FY 2020 | 019898C |
Shareholding
The shareholding of Iconverge Services Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Iconverge Services Private Limited, buy the company report.
Deals & funding
Iconverge Services Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2.53 Cr; the latest was in March 2022.
Total deals
4
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹2.53 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹2.53 Cr | Investors: Inconverge Digital Solutions Private Limited, an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Inconverge Digital Solutions Private Limited, Inconverge Digital Solutions Private Limited & Prashant Sivram Hegde, Inconverge Digital Solutions Private Limited & Amit Sanjay Kotak Seller: 3 individuals |
| Feb 2020 | Rights issue | ₹9 Lakh | Investors: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Iconverge Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iconverge Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iconverge Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCA4042L1ZC | Maharashtra | Active | 01 Jan 2019 |
To see the full GST registrations and return filing status of Iconverge Services Private Limited, buy the company report.
Recent activity
Iconverge Services Private Limited has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Rajaram Kashiram Padwal ceased to be Additional Director on 29 Sep 2023.
AGM
Iconverge Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Iconverge Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Rajaram Kashiram Padwal ceased to be Additional Director.
Appointed
Rajaram Kashiram Padwal was appointed as Director.
Ceased
Amit Sanjay Kotak ceased to be Additional Director.
Ceased
Rakhi Balu Nikam ceased to be Additional Director.
Appointed
Rakhi Balu Nikam was appointed as Director.
Ceased
Deepak Chabal Dhadave ceased to be Additional Director.
Ceased
Sampatrao Baburao Mahadik ceased to be Director.
Ceased
Siddhesh Chandrakant Bhosale ceased to be Additional Director.
Ceased
Vaishali Sampat Mahadik ceased to be Director.
Ceased
Prashant Shivram Hegde ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Iconverge Services is an active private limited company based in Kandivlai West, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 01 October 2018 (8+ years old) and is registered under CIN U74999MH2018PTC315121.
Iconverge Services has 2 current directors:
- Rajaram Kashiram Padwal - Director
- Rakhi Balu Nikam - Director
The latest financial statements of Iconverge Services 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 FY 2019 are in the company report.
The GSTIN of Iconverge Services is 27AARCA4042L1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iconverge Services is U74999MH2018PTC315121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iconverge Services was incorporated on 01 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Iconverge Services has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2.53 Cr; the latest was in March 2022.
Rajaram Kashiram Padwal ceased to be Additional Director on 29 Sep 2023. Rajaram Kashiram Padwal was appointed as Director on 25 Sep 2023. Amit Sanjay Kotak ceased to be Additional Director on 31 Dec 2020. Iconverge Services has 10 board changes on record in total.
Yes, Iconverge Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0064592).
Iconverge Services can be reached through the website adsjoi.com. Its registered office is in Kandivlai West, Maharashtra, India.
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