I-Cube Industries Private Limited

I-Cube Industries Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U29100GJ2019PTC111259 Incorporated 06 December 2019 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company machinery and equipment MSME · Small
Data last updated
Revenue · FY 2024
₹3.06 Cr
▼ 47% YoY
Net loss · FY 2024
₹18.61 Lakh
Net margin -6.1%
EBITDA · FY 2024
-₹17.18 Lakh
EBITDA margin -5.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹89 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings

About I-Cube Industries Private Limited

Data last updated:

I-Cube Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 December 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2019PTC111259. Its GSTIN is 24AAFCI4944M1Z9 (Gujarat).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mit Nitesh Patel and Jainil Shaileshkumar Bhatt.

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 316 – 3rd Floor Akshar Complex Opp. Sita Tower Satelitte Road, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2024, the company reported a revenue of ₹3.06 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹18.61 Lakh (net margin -6.1%) and EBITDA of -₹17.18 Lakh (EBITDA margin -5.6%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years.

As per MCA filings, the company has open charges of ₹89 Lakh on record.

I-Cube Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0158656).

Company details

CIN U29100GJ2019PTC111259
Registration Number 111259
Incorporation Date 06 December 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0158656
Key People
Mit Nitesh Patel Director Jainil Shaileshkumar Bhatt Director Dhrumil Hirenkumar Shah Director

Recognitions & Rankings of I-Cube Industries

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0158656

Contact details

I-Cube Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    316 – 3rd Floor Akshar Complex Opp. Sita Tower Satelitte Road, Ahmedabad, Gujarat, India – 380015
  • Industry
    Machinery and Equipment, Material Handling & Storage Equipment

To see the full contact details of I-Cube Industries Private Limited, buy the company report.

Comprehensive company report
I-Cube Industries 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 activity of I-Cube Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of I-Cube Industries Private Limited, buy the company report.

Financials of I-Cube Industries Private Limited

FY 2025 filings available

I-Cube Industries Private Limited reported revenue of ₹3.06 Cr (down 47% YoY) for FY 2024.

Revenue · FY 2024
₹3.06 Cr ▼ 47%
Net loss · FY 2024
₹18.61 Lakh margin -6.1%
EBITDA · FY 2024
-₹17.18 Lakh margin -5.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▼ 239%
3 years · compounded
▼ 45%

Revenue fell 47% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 239% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹17.18 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹18.61 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-5.6%
Net Profit Margin-6.1%
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 I-Cube Industries Private Limited, buy the company report.

Board of directors of I-Cube Industries Private Limited

I-Cube Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mit Nitesh PatelDirector20 May 20224 Years 5 MonthsCurrent
Jainil Shaileshkumar BhattDirector06 Dec 20196 Years 11 MonthsCurrent
Dhrumil Hirenkumar ShahDirector06 Dec 20196 Years 11 MonthsCurrent
View all directors

Auditor

I-Cube Industries Private Limited is audited by JHS & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
JHS & Associates LLPFY 2023133288W/W100099

Shareholding

The shareholding of I-Cube Industries Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of I-Cube Industries Private Limited, buy the company report.

Charges & borrowings

Open charges
₹89 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.89 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Aug 2024100968159Others₹39 LakhOpen
05 Jan 2024100853795Others₹50 LakhOpen

To see the full charge records of I-Cube Industries Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

I-Cube Industries Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 24 overdue payments to 3 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 (3 of 3)

SupplierAmount dueDue sinceReported on
JHS Consulting Private Limited
JHS & Assocites LLP
Cut and Bend Services

To see the full MSME payment records of I-Cube Industries Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

I-Cube Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAFCI4944M1Z9GujaratActive03 Jan 2020

To see the full GST registrations and return filing status of I-Cube Industries Private Limited, buy the company report.

Recent activity

I-Cube Industries Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Mit Nitesh Patel ceased to be Additional Director on 30 Sep 2022.

AGM
I-Cube Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
I-Cube Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 39.00 Lakh with Charge ID 100968159 was registered on 30 Aug 2024.
Charges
A charge with Others of Rs. 50.00 Lakh registered on 05 Jan 2024 with Charge ID 100853795 was modified on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100853795 was registered on 05 Jan 2024.
Ceased
Mit Nitesh Patel ceased to be Additional Director.
Appointed
Mit Nitesh Patel was appointed as Director.
Appointed
Dhrumil Hirenkumar Shah was appointed as Director.
Appointed
Jainil Shaileshkumar Bhatt was appointed as Director.
Incorporation
06 Dec 2019
I-Cube Industries Private Limited was registered on 06 Dec 2019 with Roc Ahmedabad & aged 6 years 11 months as per MCA records.

Frequently asked questions

I-Cube Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 December 2019 (7+ years old) and is registered under CIN U29100GJ2019PTC111259.

I-Cube Industries has 3 current directors:

The latest financial statements of I-Cube Industries 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 2020 are in the company report.

The GSTIN of I-Cube Industries is 24AAFCI4944M1Z9, registered in Gujarat.

The CIN (Corporate Identification Number) of I-Cube Industries is U29100GJ2019PTC111259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

I-Cube Industries was incorporated on 06 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Mit Nitesh Patel ceased to be Additional Director on 30 Sep 2022. Mit Nitesh Patel was appointed as Director on 20 May 2022. Dhrumil Hirenkumar Shah was appointed as Director on 06 Dec 2019. I-Cube Industries has 4 board changes on record in total.

Yes, I-Cube Industries is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0158656).

I-Cube Industries has 3 MSME Form 1 returns on record between 2021 and 2022, listing 24 overdue payments to 3 micro and small suppliers. The latest return was filed on 28 Apr 2022.

The registered office of I-Cube Industries is at 316 – 3rd Floor Akshar Complex Opp. Sita Tower Satelitte Road, Ahmedabad, Gujarat, India – 380015.

I-Cube Industries operates in the machinery and equipment industry, in the material handling and storage equipment segment.