Icore Lumbers Private Limited
About Icore Lumbers Private Limited
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Icore Lumbers Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 03 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U20291KA2014PTC074695. Its GSTIN is 29AADCI5632E1ZN (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Bargi Suresh Venugopal and Kamlesh Chopra Kumar.
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 No. 241/2B Aloka Palace Road Yelwal, Mysore, Karnataka, India – 571130.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.9 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹22.11 Lakh (net margin 4.5%) and EBITDA of ₹38.8 Lakh (EBITDA margin 7.9%). Revenue has declined at a compounded annual rate (CAGR) of 6% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 241/2B Aloka Palace Road Yelwal, Mysore, Karnataka, India – 571130
- IndustryManufacturing, Wood Products & MDF
- 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
- One PDF report, delivered after checkout
Business Activity of Icore Lumbers Private Limited
The main business activity of Icore Lumbers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Icore Lumbers Private Limited FY 2025 filings available
Icore Lumbers Private Limited reported revenue of ₹4.9 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icore Lumbers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 15% fall in the latest year. EBITDA fell 40% 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 of Icore Lumbers Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹38.8 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹22.11 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 of Icore Lumbers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Icore Lumbers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Icore Lumbers Private Limited
Icore Lumbers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tushar Tradelink Private Limited | ₹5 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Umreth, Gujarat, India |
| Ego Flooring Private Limited | ₹5 Cr (FY 2019) | •••• | •••• | -73.0% | •••• | Thane, Maharashtra, India |
| Byrnihat Wood Industries Private Limited | ₹4.97 Cr (FY 2024) | •••• | •••• | 82.0% | •••• | Byrnihat, Meghalaya, India |
| Chinnammal Timber Company Private Limited | ₹4.96 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Coimbatore, Tamil Nadu, India |
| Surani Ply Industries Private Limited | ₹4.94 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Ajapar, Gujarat, India |
| Icore Lumbers Private Limited this company | ₹4.9 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mysore, Karnataka, India |
| Daulat Chipboard India Private Limited | ₹4.9 Cr (FY 2024) | •••• | •••• | 400.0% | •••• | Bangalore, Karnataka, India |
| Global Decors Private Limited | ₹4.9 Cr (FY 2016) | •••• | •••• | -14.0% | •••• | Tal Gandhidham, Gujarat, India |
| Kingshuk Commodities India Private Limited | ₹4.89 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Bonply Industries Private Limited | ₹4.89 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Coimbatore, Tamil Nadu, India |
| Malabar Veneers Private Limited | ₹4.88 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Po Periya, Kerala, India |
Peers are the five companies nearest above and the five nearest below Icore Lumbers by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Icore Lumbers Private Limited
Icore Lumbers Private Limited is audited by A VISHWANATHA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A VISHWANATHA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Icore Lumbers Private Limited
Icore Lumbers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bargi Suresh Venugopal Also directs: Tough Wood and Adhesives Private Limited, Elite Cartons Private Limited, Kaavery Packaging Consortium Private Limited and 2 more | Director | 03 Jun 2014 | 12 Years 4 Months | Current |
| Kamlesh Chopra Kumar Also directs: Tough Wood and Adhesives Private Limited | Director | 03 Jun 2014 | 12 Years 4 Months | Current |
| Satish Bargi Pavan | Director | 03 Jun 2014 | 12 Years 4 Months | Current |
Ownership and Shareholding of Icore Lumbers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Icore Lumbers Private Limited
Icore Lumbers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icore Lumbers Private Limited
Icore Lumbers Private Limited has a workforce of 3 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Icore Lumbers Private Limited
Icore Lumbers Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Venugopalrao Bargi Nagesh ceased to be Managing Director on 29 Mar 2025.
Credit Ratings, Litigation & Regulatory Alerts for Icore Lumbers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Icore Lumbers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Icore Lumbers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Icore Lumbers Private Limited
Icore Lumbers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI5632E1ZN | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Icore Lumbers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Icore Lumbers Private Limited
Icore Lumbers is an active private limited company based in Mysore, Karnataka, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 03 June 2014 (12+ years old) and is registered under CIN U20291KA2014PTC074695.
Icore Lumbers reported revenue of ₹4.9 Cr for FY 2025 (down 15% YoY).
Icore Lumbers has 3 current directors:
- Bargi Suresh Venugopal - Director
- Kamlesh Chopra Kumar - Director
- Satish Bargi Pavan - Director
Icore Lumbers reported a net profit of ₹22.11 Lakh (net margin 4.5%) and EBITDA of ₹38.8 Lakh (EBITDA margin 7.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icore Lumbers is -6% over five years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icore Lumbers is 29AADCI5632E1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Icore Lumbers is U20291KA2014PTC074695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icore Lumbers was incorporated on 03 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Icore Lumbers by revenue are Tushar Tradelink Private Limited, Ego Flooring Private Limited, Byrnihat Wood Industries Private Limited, Chinnammal Timber Company Private Limited, Surani Ply Industries Private Limited and 5 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood).
Venugopalrao Bargi Nagesh ceased to be Managing Director on 29 Mar 2025. Bargi Suresh Venugopal was appointed as Director on 03 Jun 2014. Kamlesh Chopra Kumar was appointed as Director on 03 Jun 2014. Icore Lumbers has 4 board changes on record in total.
The registered office of Icore Lumbers is at No. 2412B Aloka Palace Road Yelwal, Mysore, Karnataka, India – 571130.