About Idcol Software Limited
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Idcol Software Limited is a public limited state government company based in Bhubaneswar, Odisha, India, a subsidiary of The Industrial Development Corporation Of Odisha Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR1998SGC005541. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Bishnu Prasanna Mahapatro (Managing Director) and Nihar Ranjan Mohanty.
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Idcol House Ashok Nagar Unit – II, Bhubaneswar, Odisha, India – 751009.
As per the financials filed for FY 2022, the company reported a revenue of ₹17.48 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹1.06 Cr (net margin 6.1%) and EBITDA of ₹1.43 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 18% over five years.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idcorissa.com.
Company details
CIN history
Idcol Software has one previous CIN (Corporate Identification Number): U72200OR1998PLC005541. The current CIN is U72200OR1998SGC005541, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200OR1998SGC005541 | Current |
| U72200OR1998PLC005541 | Previous |
Contact details
Idcol Software Limited's registered office is in Bhubaneswar, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressIdcol House Ashok Nagar Unit – II, Bhubaneswar, Odisha, India – 751009
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Idcol Software Limited, buy the company report.
- 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
Business activity
The main business activity of Idcol Software is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Idcol Software Limited, buy the company report.
Financials of Idcol Software Limited
FY 2022 filings availableIdcol Software Limited reported revenue of ₹17.48 Cr (up 40% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 40% growth in the latest year. EBITDA rose 233% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17.48 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.06 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Idcol Software Limited, buy the company report.
Board of directors of Idcol Software Limited
Idcol Software has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nihar Ranjan Mohanty Also directs: MGM Minerals Limited | Nominee Director | 01 Aug 2018 | 8 Years 3 Months | Current |
| Balwant Singh | Nominee Director | 16 Jun 2021 | 5 Years 4 Months | Current |
| Bishnu Prasanna Mahapatro | Managing Director | 29 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Idcol Software Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivrai Technologies Private Limited | ₹17.59 Cr (FY 2024) | 4.0% | Pune, Maharashtra, India | |||
| Softway Solutions Private Limited | ₹17.55 Cr (FY 2024) | 39.0% | Bangalore, Karnataka, India | |||
| Suffescom Solutions Private Limited | ₹17.51 Cr (FY 2024) | 25.0% | Mohali, Punjab, India | |||
| Idcol Software Limitedthis company | ₹17.48 Cr (FY 2022) | ₹1.06 Cr | 6.1% | 40.0% | Bhubaneswar, Odisha, India | |
| Tekiq Software Solutions Private Limited | ₹17.47 Cr (FY 2024) | Hyderabad, Telangana, India | ||||
| Go-To-Market Buddy Software Private Limited | ₹17.44 Cr (FY 2025) | 29.0% | Hyderabad, Telangana, India | |||
| Nextservices Healthcare Sourcing Solutions Private Limited | ₹17.42 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Idcol Software Limited, buy the company report.
Auditor
Idcol Software Limited is audited by JAJATI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAJATI & ASSOCIATES | FY 2022 | JAJATI & ASSOCIATES |
Shareholding
The shareholding of Idcol Software 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 Idcol Software Limited, buy the company report.
Legal cases
Idcol Software Limited has 4 court cases on record: 1 filed by Idcol Software, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Arbitration matter | Filed against the company by TQM Consultancy Services Pvt Ltd | Pending |
| NCLT, NCLT Cuttack | Insolvency matter | Filed by the company | Disposed |
| District court, Khurda, Orissa | Arbitration matter | Filed against the company by TQM Consultancy Services Pvt Ltd | Disposed |
| High Court | Tax appeal | Filed against the company by an individual | Disposed |
To see the full case history of Idcol Software Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Idcol Software Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Idcol Software has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Idcol Software Limited, buy the company report.
Recent activity
Idcol Software Limited has 26 board changes on record since 2007: 3 appointments and 23 cessations. The latest: Sarat Chandra Bhadra ceased to be Nominee Director on 31 Oct 2022.
17 earlier events are in the company report.
Frequently asked questions
Idcol Software is an active public limited state government company based in Bhubaneswar, Odisha, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 November 1998 (28+ years old) and is registered under CIN U72200OR1998SGC005541.
Idcol Software has 3 current directors:
- Bishnu Prasanna Mahapatro - Managing Director
- Nihar Ranjan Mohanty - Nominee Director
- Balwant Singh - Nominee Director
The latest financial statements of Idcol Software on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from 2015 are in the company report.
No. Idcol Software has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Idcol Software is U72200OR1998SGC005541. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idcol Software has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Idcol Software was incorporated on 26 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Idcol Software by revenue are Shivrai Technologies Private Limited, Softway Solutions Private Limited, Suffescom Solutions Private Limited, Tekiq Software Solutions Private Limited, Go-To-Market Buddy Software Private Limited and 1 more, all in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Sarat Chandra Bhadra ceased to be Nominee Director on 31 Oct 2022. Bishnu Prasanna Mahapatro ceased to be Nominee Director on 01 Jul 2022. Balwant Singh was appointed as Nominee Director on 16 Jun 2021. Idcol Software has 26 board changes on record in total.
Idcol Software can be reached through the website idcorissa.com. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Idcol Software is at Idcol House Ashok Nagar Unit – II, Bhubaneswar, Odisha, India – 751009.
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