Icrotone Private Limited

Icrotone Private Limited - manufacturing in Vasai, Maharashtra, India. FY 2026 financials & compliance.
CIN U20220MH2001PTC131859 Incorporated 04 May 2001 ROC Mumbai HQ Vasai, Maharashtra, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2023
₹7.59 Cr
▼ 62% YoY
Net profit · FY 2023
₹2.31 Cr
Net margin 30.5%
EBITDA · FY 2023
₹2.64 Cr
EBITDA margin 34.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹59.85 Lakh
Secured borrowings
Company age
25 yrs
Est. 2001
Employees · EPFO
15
Provident fund records

About Icrotone Private Limited

Data last updated:

Icrotone Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 04 May 2001 and has been in existence for over 25 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20220MH2001PTC131859. Its GSTIN is 27AABCN2509D1ZW (Maharashtra). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Nirmit Techcon Private Limited. It is led by directors including Jimmy Dinyar Mehta and Binaifer Jimmy Mehta.

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 is at Unit No 7 Gala No 1 Ed Estate Survey No 23 Sagpada Road Chinchoti Village, Vasai, Maharashtra, India – 401208.

As per the financials filed for FY 2023, the company reported a revenue of ₹7.59 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹2.31 Cr (net margin 30.5%) and EBITDA of ₹2.64 Cr (EBITDA margin 34.8%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 6% over five years.

The company has about 15 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹59.85 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.

Icrotone Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0009326). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icrotone.com.

Company details

CIN U20220MH2001PTC131859
Registration Number 131859
Incorporation Date 04 May 2001
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-17-0009326

CIN history

Icrotone has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U20220MH2001PTC131859, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U20220MH2001PTC131859Current
U45201MH2001PTC131859Previous
U74900MH2001PTC131859Previous
Key People
Jimmy Dinyar Mehta Director Binaifer Jimmy Mehta Director Rahul Pushkarnath Ganjoo Director

Recognitions & Rankings of Icrotone

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-17-0009326

Contact details

Icrotone Private Limited's registered office is in Vasai, Maharashtra.

  • Registered Address
    Unit No 7 Gala No 1 Ed Estate Survey No 23 Sagpada Road Chinchoti Village, Vasai, Maharashtra, India – 401208
  • Industry
    Manufacturing, Paint & Coatings
Comprehensive company report
Icrotone 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 Icrotone is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Icrotone Private Limited, buy the company report.

Financials of Icrotone Private Limited

FY 2024 filings available

Icrotone Private Limited reported revenue of ₹7.59 Cr (down 62% YoY) for FY 2023.

Revenue · FY 2023
₹7.59 Cr ▼ 62%
Net profit · FY 2023
₹2.31 Cr margin 30.5%
EBITDA · FY 2023
₹2.64 Cr margin 34.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▼ 16%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 51%
5 years · compounded
▲ 24%

Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 62% fall in the latest year. EBITDA rose 59% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹7.59 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.64 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.31 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin34.8%
Net Profit Margin30.5%
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

To see the full financial statements and ratios of Icrotone Private Limited, buy the company report.

Board of directors of Icrotone Private Limited

Icrotone has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jimmy Dinyar Mehta
Also directs: Icro India Private Limited, Kitchenery Technologies Private Limited
Director09 Feb 201610 Years 8 MonthsCurrent
Binaifer Jimmy MehtaDirector09 Feb 201610 Years 8 MonthsCurrent
Rahul Pushkarnath Ganjoo
Also directs: Kitchenery Technologies Private Limited
Director22 Oct 201610 Years 0 MonthsCurrent
View all directors

Charges & borrowings

Open charges
₹59.85 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 May 2020100338234Others₹59.85 LakhOpen

To see the full charge records of Icrotone Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

Icrotone Private Limited has 10 MSME Form 1 returns on record between 2019 and 2022, listing 257 overdue payments to 8 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 8)

SupplierAmount dueDue sinceReported on
Prabhat Chemical (Mumbai)
Konark Propack Private Limited
Mercury Industries Limited
Bago Cans Private Limited
an individual supplier

To see the full MSME payment records of Icrotone Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Icrotone has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCN2509D1ZWMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Icrotone Private Limited, buy the company report.

Recent activity

Icrotone Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Rahul Pushkarnath Ganjoo ceased to be Additional Director on 21 Aug 2017.

AGM
Icrotone Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Icrotone Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 59.85 Lakh registered on 19 May 2020 with Charge ID 100338234 was modified on 10 Jul 2020.
Charges
A charge with Others amounted to Rs. 59.85 Lakh with Charge ID 100338234 was registered on 19 May 2020.
Ceased
Rahul Pushkarnath Ganjoo ceased to be Additional Director.
Appointed
Rahul Pushkarnath Ganjoo was appointed as Director.
Ceased
Binaifer Jimmy Mehta ceased to be Additional Director.
Ceased
Jimmy Dinyar Mehta ceased to be Additional Director.
Ceased
Ashesh Gandhi Champaklal ceased to be Director.
Appointed
Binaifer Jimmy Mehta was appointed as Director.
Appointed
Jimmy Dinyar Mehta was appointed as Director.
Ceased
Shilpa Ashesh Gandhi ceased to be Director.

1 earlier event is in the company report.

Frequently asked questions

Icrotone is an active private limited company based in Vasai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 04 May 2001 (25+ years old) and is registered under CIN U20220MH2001PTC131859.

Icrotone has 3 current directors:

The latest financial statements of Icrotone 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.

The GSTIN of Icrotone is 27AABCN2509D1ZW, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Icrotone is U20220MH2001PTC131859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Icrotone has 1 court case on record: 1 filed by the company. 1 is pending.

Icrotone was incorporated on 04 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.

Rahul Pushkarnath Ganjoo ceased to be Additional Director on 21 Aug 2017. Rahul Pushkarnath Ganjoo was appointed as Director on 22 Oct 2016. Binaifer Jimmy Mehta ceased to be Additional Director on 16 Aug 2016. Icrotone has 8 board changes on record in total.

Yes, Icrotone is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0009326).

Icrotone has 10 MSME Form 1 returns on record between 2019 and 2022, listing 257 overdue payments to 8 micro and small suppliers. The latest return was filed on 08 Feb 2024.

Icrotone can be reached through the website icrotone.com. Its registered office is in Vasai, Maharashtra, India.