MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0027073
Icycle Solutions Private Limited - events and entertainment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹76.33 Lakh
▼ 47% YoY
Net loss · FY 2024
₹40.79 Lakh
Net margin -53.4%
EBITDA · FY 2024
-₹30.42 Lakh
EBITDA margin -39.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
6
Provident fund records
Directors on board
3
As per MCA filings
About Icycle Solutions Private Limited
Data last updated:
Icycle Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the entertainment venues and properties segment of the events and entertainment sector. It was incorporated on 03 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC078674. Its GSTIN is 29AADCI7367N2ZR (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Manjesh Chandrashekaran and Anand Santhosh.
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. 1084 Ground Floor 14th Main Road 17th Cross 3rd Sector Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.33 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹40.79 Lakh (net margin -53.4%) and EBITDA of -₹30.42 Lakh (EBITDA margin -39.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 20% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ICycle.
Icycle Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0027073). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icycle.in.
Company details
CIN U74900KA2015PTC078674
Registration Number 078674
Incorporation Date 03 February 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0027073
Key People
Manjesh Chandrashekaran Director Anand Santhosh Director Kasalagere Shivalingagowda Lokesh Additional Director Recognitions & Rankings of Icycle Solutions
Contact details
Icycle Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is icycle.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1084 Ground Floor 14th Main Road 17th Cross 3rd Sector Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryEvents and Entertainment, Entertainment Venues & Properties
To see the full contact details of Icycle Solutions Private Limited, buy the company report.
Comprehensive company report
Icycle Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Icycle Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Icycle Solutions Private Limited, buy the company report.
Financials of Icycle Solutions Private Limited
FY 2025 filings availableIcycle Solutions Private Limited reported revenue of ₹76.33 Lakh (down 47% YoY) for FY 2024.
Revenue · FY 2024
₹76.33 Lakh ▼ 47%
Net loss · FY 2024
₹40.79 Lakh margin -53.4%
EBITDA · FY 2024
-₹30.42 Lakh margin -39.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 14%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 2%
5 years · compounded
▼ 18%
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA rose 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹30.42 Lakh | ||||
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| Net Profit (PAT) | -₹40.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -39.9% | ||||
| Net Profit Margin | -53.4% | ||||
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To see the full financial statements and ratios of Icycle Solutions Private Limited, buy the company report.
Board of directors of Icycle Solutions Private Limited
Icycle Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjesh Chandrashekaran | Director | 03 Feb 2015 | 11 Years 8 Months | Current |
| Anand Santhosh | Director | 03 Feb 2015 | 11 Years 8 Months | Current |
| Kasalagere Shivalingagowda Lokesh Also directs: Asia Farm-N-Agro Private Limited, Enoteca by Madhuloka Private Limited, Madhuloka Vintners Private Limited and 3 more | Additional Director | 28 Nov 2018 | 7 Years 10 Months | Current |
Auditor
Icycle Solutions Private Limited is audited by VENKATESHA.M for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESHA.M | FY 2022 | 232131 |
Shareholding
The shareholding of Icycle Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icycle Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Icycle Solutions 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 Icycle Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Icycle Solutions has 5 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
5
Associated companies
Employees & EPFO
Icycle Solutions Private Limited has a workforce of 6 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-25%
GST
Icycle Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI7367N2ZR | Karnataka | Active | 08 Mar 2019 |
To see the full GST registrations and return filing status of Icycle Solutions Private Limited, buy the company report.
Recent activity
Icycle Solutions Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Kasalagere Shivalingagowda Lokesh was appointed as Additional Director on 28 Nov 2018.
AGM
Icycle Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Icycle Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Kasalagere Shivalingagowda Lokesh was appointed as Additional Director.
Ceased
Parmesh Chandrashekaran ceased to be Director.
Appointed
Anand Santhosh was appointed as Director.
Appointed
Manjesh Chandrashekaran was appointed as Director.
Incorporation
03 Feb 2015
Icycle Solutions Private Limited was registered on 03 Feb 2015 with Roc Bangalore & aged 11 years 8 months as per MCA records.
Frequently asked questions
Icycle Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in entertainment venues and properties, within the events and entertainment industry. It was incorporated on 03 February 2015 (11+ years old) and is registered under CIN U74900KA2015PTC078674.
Icycle Solutions has 3 current directors:
- Manjesh Chandrashekaran - Director
- Anand Santhosh - Director
- Kasalagere Shivalingagowda Lokesh - Additional Director
The latest financial statements of Icycle Solutions 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 2015 are in the company report.
The GSTIN of Icycle Solutions is 29AADCI7367N2ZR, registered in Karnataka. 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 Icycle Solutions is U74900KA2015PTC078674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icycle Solutions was incorporated on 03 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Kasalagere Shivalingagowda Lokesh was appointed as Additional Director on 28 Nov 2018. Parmesh Chandrashekaran ceased to be Director on 18 Nov 2015. Anand Santhosh was appointed as Director on 03 Feb 2015. Icycle Solutions has 4 board changes on record in total.
Yes, Icycle Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0027073).
Icycle Solutions can be reached through the website icycle.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Icycle Solutions is at No. 1084 Ground Floor 14th Main Road 17th Cross 3rd Sector Hsr Layout, Bangalore, Karnataka, India – 560102.