About Iic Limited
Data last updated:
Iic Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 March 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70200DL2010PLC199960. Its GSTIN is 27AACCI2448B1ZY (Maharashtra). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹14.67 Cr. It was formerly known as Indiabulls Infrastructure Company Limited and Indiabulls Infrastructure Company Limited. It is led by directors including Murli Sharma and Madhav Sharma.
Its last annual general meeting (AGM) was held on 18 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 854 – A Gali No 51 Block E Molarband Extn. Badarpur, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.36 Cr, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹924.66 Cr and EBITDA of -₹850.52 Cr. Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 57% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹968.5 Cr on record. Court records list 41 cases involving the company, including 6 filed by the company and 35 filed against it; 7 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,098.85 Cr; the latest was in November 2018.
The last known website on record is iicl.in.
Company details
Name history
Iic has undergone 3 name changes throughout its history. The company was previously known as Indiabulls Infrastructure Company Limited, Indiabulls Infrastructure Company Limited, and Indiabulls Infrastructure Company Private Limited. The current legal name is Iic Limited.
| Company Name | Status |
|---|---|
| Iic Limited | Current |
| Indiabulls Infrastructure Company Limited | Previous |
| Indiabulls Infrastructure Company Limited | Previous |
| Indiabulls Infrastructure Company Private Limited | Previous |
CIN history
Iic has one previous CIN (Corporate Identification Number): U70200DL2010PTC199960. The current CIN is U70200DL2010PLC199960, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200DL2010PLC199960 | Current |
| U70200DL2010PTC199960 | Previous |
Contact details
Iic Limited's registered office is in New Delhi, Delhi. Its website is iicl.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address854 – A Gali No 51 Block E Molarband Extn. Badarpur, New Delhi, Delhi, India – 110044
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Iic 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 Iic is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Iic Limited, buy the company report.
Financials of Iic Limited
FY 2020 filings availableIic Limited reported revenue of ₹3.36 Cr (down 97% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 97% fall in the latest year. EBITDA fell 763% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹850.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹924.66 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Iic Limited, buy the company report.
Board of directors of Iic Limited
Iic has 3 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murli Sharma | Additional Director | 29 Dec 2020 | 5 Years 9 Months | As last reported |
| Madhav Sharma | Additional Director | 29 Dec 2020 | 5 Years 9 Months | As last reported |
| Devender Dutt Bhatt | Additional Director | 25 Jan 2021 | 5 Years 9 Months | As last reported |
Auditor
Iic Limited is audited by SHARMA GOEL & CO. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA GOEL & CO. LLP | FY 2020 | 000643N/N500012 |
Shareholding
The shareholding of Iic Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Iic Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2015 | 10587064 | Indusind Bank Ltd. | ₹135 Cr | Open | |
| 31 Mar 2017 | 100090094 | Others | ₹230 Cr | Satisfied | |
| 22 Mar 2017 | 100090086 | Others | ₹316.5 Cr | Satisfied | |
| 05 Oct 2016 | 100056117 | Others | ₹15 Cr | Satisfied | |
| 05 Oct 2016 | 100056139 | Others | ₹240 Cr | Satisfied |
To see the full charge records of Iic Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Iic Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,098.85 Cr; the latest was in November 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Ellery Mining Private Limited Seller: Priapus Developers Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Corus Power Limited , Ashkit Power and Infrastructure Limited Seller: an individual |
| Feb 2014 | Funding round | ₹70 Cr | Investors: Keysha Mining Private Limited , Ayken Mining Private Limited , Innus Infrastructure Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Digvijay Infratech Private Limited Seller: Rideema Toll Private Limited , A J Tolls Private Limited |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Ayken Mining Private Limited , Keysha Mining Private Limited , Kezia Mining Private Limited Seller: Innus Infrastructure Private Limited, Hespera Realty Private Limited , Priapus Developers Private Limited |
To see the full deal history of Iic Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iic Limited has 41 court cases on record: 6 filed by Iic, 35 filed against it. 7 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 27 | 6 |
| District courts | 4 | 3 | 1 |
| Supreme Court | 3 | 3 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Larsen and Toubro Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Suyojit Infrastructure Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Larsen and Toubro Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Ion Exchange India Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by SB Protech Pvt Ltd | Disposed |
To see the full case history of Iic 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 Iic Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Iic has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gragerious Construction Materials Limited | U45204DL2010PLC209439 | |
| Iinfc Limited | U70101DL2010PLC201535 | |
| Thaumas Infrastructure Limited | U70101DL2011PLC214732 | |
| Eurotas Infrastructure Limited | U70101DL2011PLC214733 |
To see the full group structure of Iic Limited, buy the company report.
GST
Iic has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI2448B1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iic Limited, buy the company report.
Recent activity
Iic Limited has 28 board changes on record since 2010: 3 appointments and 25 cessations. The latest: Sanju ceased to be Additional Director on 27 Jan 2021.
45 earlier events are in the company report.
Frequently asked questions
Iic is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Iic is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 March 2010 and is registered under CIN U70200DL2010PLC199960. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Iic has 3 current directors:
- Murli Sharma - Additional Director
- Madhav Sharma - Additional Director
- Devender Dutt Bhatt - Additional Director
The latest financial statements of Iic on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 18 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Iic is U70200DL2010PLC199960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iic has open charges of ₹135 Cr and satisfied charges of ₹968.5 Cr as per latest MCA filings.
Iic has 41 court cases on record: 6 filed by the company and 35 filed against it. 7 are pending. Most are in the high courts.
Iic was incorporated on 11 March 2010. It is registered with the Registrar of Companies, Delhi.
Iic has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,098.85 Cr; the latest was in November 2018.
Sanju ceased to be Additional Director on 27 Jan 2021. Devender Dutt Bhatt was appointed as Additional Director on 25 Jan 2021. Akash Deep Kaushal ceased to be Director on 29 Dec 2020. Iic has 28 board changes on record in total.