About Icra Analytics Limited
Data last updated:
Icra Analytics Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Icra Limited. It operates in the business process outsourcing sector. It was incorporated on 22 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB1999PLC109180. Its GSTIN is 19AAACO2709B1ZV (West Bengal). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹37 Cr and a paid-up capital of ₹9.95 Cr. It was formerly known as Icra Online Limited. It is led by directors including Shubham Jain and Alok Kumar.
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹196.97 Cr. For the same year it recorded a net profit of ₹56.29 Cr (net margin 28.6%) and EBITDA of ₹82.98 Cr (EBITDA margin 42.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 12% over five years.
The company has about 919 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: ICRA Online and ICRA Analytics. As per MCA filings, the company has satisfied charges of ₹21 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹53.8 Lakh; the latest was in October 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icraanalytics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressInfinity Benchmark 17th Floor Plot G1 Block – Gp Sector – V Salt La, Ke, Kolkata, West Bengal, India – 700091
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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 Icra Analytics Limited
The main business activities of Icra Analytics are information and communication and professional, scientific and technical. In detail, this covers data processing, hosting and related activities; web portal, other information & communication service activities and management consultancy activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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 Icra Analytics Limited FY 2025 filings available
Icra Analytics Limited reported revenue of ₹196.97 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icra Analytics Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years. EBITDA fell 6% 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 Icra Analytics 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 | ₹82.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹56.29 Cr | •••• | •••• | •••• | •••• |
| 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 Icra Analytics Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 28.6% | •••• | •••• | •••• | •••• |
| 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 Icra Analytics 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.
Auditor Details of Icra Analytics Limited
Icra Analytics Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | 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 and KMP of Icra Analytics Limited
Icra Analytics Limited currently reports 4 directors and 1 key managerial person. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubham Jain | Director | 24 Jul 2023 | 3 Years 2 Months | Current |
| Jayanta Chatterjee Also directs: D2k Technologies India Private Limited | Ceo | 14 Sep 2023 | 3 Years 0 Months | Current |
| Alok Kumar | Director | 25 Oct 2025 | 0 Years 11 Months | Current |
| Pradip Manilal Kanakia Also directs: Healthcare Global Enterprises Limited, Britannia Industries Ltd, Sona BLW Precision Forgings Limited and 5 more | Director | 11 Nov 2024 | 1 Years 10 Months | Current |
| Abhishek Subhash Dafria Also directs: Fintellix India Private Limited | Director | 12 May 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Icra Analytics 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 Icra Analytics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jun 2013 | Housing Development Finance Corporation Limited | ₹10.5 Cr | Satisfied |
| 07 Jun 2013 | Housing Development Finance Corporation Limited | ₹10.5 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Icra Analytics Limited
Icra Analytics Limited has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹53.8 Lakh; the latest was in October 2011.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2011 | Funding round | ₹23.4 Lakh | Investors: Icra Limited |
| Oct 2011 | Secondary share transfer | Undisclosed | Seller: Icra Limited |
| Sep 2007 | Acquisition | ₹6.5 Cr | Buyer: Icra Limited |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Icra Analytics Limited
Icra Analytics Limited has 2 court cases on record: 2 filed by Icra Analytics. All cases are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Execution petition | Filed by the company against Logix Soft Tel Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Filed by the company against Logix Soft Tel Private Limited | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Icra Analytics Limited
Icra Analytics operates two associated brands: ICRA Online and ICRA Analytics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Credit rating, financial analytics, and data services in the finance sector. | icraonline.com | |
| Provider of risk management and consulting services | icraanalytics.com |
Employees and EPFO Compliance at Icra Analytics Limited
Icra Analytics Limited has a workforce of 919 employees as of Jul 30, 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.
Group Structure of Icra Analytics Limited
Icra Analytics has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Pragati Development Consulting Services Limited | U74140DL2011PLC213174 | Locked |
Showing major subsidiaries. Total: 1.
CIN History of Icra Analytics Limited
Icra Analytics has one previous CIN (Corporate Identification Number): U72900MH2005PLC152472. The current CIN is U72900WB1999PLC109180, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900WB1999PLC109180 | Current |
| U72900MH2005PLC152472 | Previous |
Recent Activity on Icra Analytics Limited
Icra Analytics Limited has 30 board changes on record since 2008: 5 appointments and 25 cessations. The latest: Alok Kumar ceased to be Additional Director on 11 Jan 2026.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Icra Analytics 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 Icra Analytics 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 Icra Analytics 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 Icra Analytics Limited
Icra Analytics has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACO2709B1ZV | West Bengal | Active | 01 Jul 2017 |
| 19AAACO2709B2ZU | West Bengal | Active | 23 Aug 2017 |
| 27AAACO2709B1ZY | Maharashtra | Active | 01 Jul 2017 |
| 33AAACO2709B1Z5 | Tamil Nadu | Active | 13 Dec 2019 |
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 Icra Analytics 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 Icra Analytics Limited
Icra Analytics is an active public limited company based in Kolkata, West Bengal, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 22 January 1999 (27+ years old) and is registered under CIN U72900WB1999PLC109180.
Icra Analytics reported revenue of ₹196.97 Cr for FY 2025.
Icra Analytics has 5 current directors and KMP:
- Shubham Jain - Director
- Alok Kumar - Director
- Pradip Manilal Kanakia - Director
- Abhishek Subhash Dafria - Director
- Jayanta Chatterjee - Ceo
Icra Analytics reported a net profit of ₹56.29 Cr (net margin 28.6%) and EBITDA of ₹82.98 Cr (EBITDA margin 42.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icra Analytics is 10% over three years and 12% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icra Analytics is 19AAACO2709B1ZV, registered in West Bengal. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAACO2709B2ZU (West Bengal), 27AAACO2709B1ZY (Maharashtra), 33AAACO2709B1Z5 (Tamil Nadu).
The CIN (Corporate Identification Number) of Icra Analytics is U72900WB1999PLC109180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icra Analytics has 2 court cases on record: 2 filed by the company.
Icra Analytics was incorporated on 22 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
Icra Analytics has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹53.8 Lakh; the latest was in October 2011.