Ikon Remedies Private Limited

Ikon Remedies Private Limited - pharma in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
CIN U24230MH2002PTC137489 Incorporated 07 October 2002 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Private Limited Company pharma MSME · Medium
Data last updated
Revenue · FY 2024
₹56.85 Cr
▼ 15% YoY
Net profit · FY 2024
₹8.76 Cr
Net margin 15.4%
EBITDA · FY 2024
₹12.28 Cr
EBITDA margin 21.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹49.12 Cr
Satisfied ₹7.9 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
45
Provident fund records

About Ikon Remedies Private Limited

Data last updated:

Ikon Remedies Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 07 October 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U24230MH2002PTC137489. Its GSTIN is 27AABCI8166R1ZR (Maharashtra).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Mahesh Chandrabhan Kingrani and Rajesh Chandrabhan Kingrani.

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 Plot No 6 The Primus Hiranwar Layout Neae Axis Bank Wadi, Nagpur, Maharashtra, India – 440023.

As per the financials filed for FY 2024, the company reported a revenue of ₹56.85 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹8.76 Cr (net margin 15.4%) and EBITDA of ₹12.28 Cr (EBITDA margin 21.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.

The company has about 45 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Ikon remedies. As per MCA filings, the company has open charges of ₹49.12 Cr and satisfied charges of ₹7.9 Cr on record. Court records list 1,461 cases involving the company, including 1,426 filed by the company and 35 filed against it; 566 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹75 Lakh; the latest was in April 2022. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 5 micro and small suppliers.

Ikon Remedies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0024900). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ikonremedies.com.

Company details

CIN U24230MH2002PTC137489
Registration Number 137489
Incorporation Date 07 October 2002
ROC Nagpur
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 Medium
Udyam Registration UDYAM-MH-20-0024900
Key People
Mahesh Chandrabhan Kingrani Director Rajesh Chandrabhan Kingrani Director

Recognitions & Rankings of Ikon Remedies

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-20-0024900

Contact details

Ikon Remedies Private Limited's registered office is in Nagpur, Maharashtra. Its website is ikonremedies.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ikonremedies.com
  • Social Media
  • Registered Address
    Plot No 6 The Primus Hiranwar Layout Neae Axis Bank Wadi, Nagpur, Maharashtra, India – 440023
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Ikon Remedies Private Limited, buy the company report.

Comprehensive company report
Ikon Remedies 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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Brands

Ikon Remedies operates one associated brand: Ikon remedies. Each brand links to its own profile.

BrandDescriptionWebsite
Ikon remedies
Offers pharmaceutical products and services in various therapeutic segments.ikonremedies.com

Business activity

The main business activity of Ikon Remedies 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 Ikon Remedies Private Limited, buy the company report.

Financials of Ikon Remedies Private Limited

FY 2025 filings available

Ikon Remedies Private Limited reported revenue of ₹56.85 Cr (down 15% YoY) for FY 2024.

Revenue · FY 2024
₹56.85 Cr ▼ 15%
Net profit · FY 2024
₹8.76 Cr margin 15.4%
EBITDA · FY 2024
₹12.28 Cr margin 21.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 1%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 13%
5 years · compounded
▲ 18%

Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 13% 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₹12.28 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹8.76 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin21.6%
Net Profit Margin15.4%
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 Ikon Remedies Private Limited, buy the company report.

Board of directors of Ikon Remedies Private Limited

Ikon Remedies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mahesh Chandrabhan Kingrani
Also directs: Oak Sterling Vista LLP, Angel Analytical Services LLP, Iosis Ventures LLP and 5 more
Director07 Oct 200224 Years 1 MonthsCurrent
Rajesh Chandrabhan Kingrani
Also directs: Oak Sterling Vista LLP, Angel Analytical Services LLP, Iosis Ventures LLP and 5 more
Director07 Oct 200224 Years 1 MonthsCurrent
View all directors

Auditor

Ikon Remedies Private Limited is audited by R.A.DASWANI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
R.A.DASWANI & CO.FY 2023128981W

Shareholding

The shareholding of Ikon Remedies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ikon Remedies Private Limited, buy the company report.

Charges & borrowings

Open charges
₹49.12 Cr
Satisfied charges
₹7.9 Cr
Breakdown by lending institutions
Others₹45.40 Cr
State Bank of India₹3.00 Cr
Akola Urban Co-Op Bank Ltd.₹0.25 Cr
Akola Urban Co-Oprative Bank Limited₹0.25 Cr
Hdfc Bank Limited₹0.22 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Jan 2026101238602Others₹70 LakhOpen
24 Dec 2025101213793Others₹10 CrOpen
31 Jul 2025101144167Others₹9.85 CrOpen
31 Jul 2025101144158Others₹9.85 CrOpen
26 Jun 2025101126615Others₹15 CrOpen

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

Total charge records: 11 View all charges

Deals & funding

Ikon Remedies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹75 Lakh; the latest was in April 2022.

Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹75 Lakh

Deals on record (2 of 2)

WhenDealAmountParties
Apr 2022Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
Mar 2022Funding round₹75 LakhInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Ikon Remedies Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 5 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 5)

SupplierAmount dueDue sinceReported on
Grip Tight Packaging (India) Private Limited
Saphnix Life Sciences, Sirmour
Symmetrix Prints Private Limited
Everest Pharma, Pune
an individual supplier

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

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ikon Remedies Private Limited has a workforce of 45 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.

Employee count
45
Active EPFO establishments
1
Employee growth
18.42%

GST

Ikon Remedies has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCI8166R1ZRMaharashtraActive01 Jul 2017

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

Recent activity

Ikon Remedies Private Limited has 6 board changes on record since 2002: 4 appointments and 2 cessations. The latest: Sakshi Rajesh Kingrani ceased to be Director on 03 Oct 2016.

Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 101238602 was registered on 30 Jan 2026.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101213793 was registered on 24 Dec 2025.
AGM
Ikon Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 9.85 Cr with Charge ID 101144167 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 9.85 Cr with Charge ID 101144158 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101126615 was registered on 26 Jun 2025.
Filing
Ikon Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Charges
A charge registered on 31 Jan 2022 via Charge ID 100575638 with Others was fully satisfied on 29 Aug 2023.
Charges
A charge registered on 30 Nov 2020 via Charge ID 100398486 with Others was fully satisfied on 29 Aug 2023.
Charges
A charge with Others amounted to Rs. 2.91 Cr with Charge ID 100575638 was registered on 31 Jan 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 100531954 was registered on 22 Nov 2021.
Charges
A charge with Others amounted to Rs. 4.99 Cr with Charge ID 100398486 was registered on 30 Nov 2020.

10 earlier events are in the company report.

News

Frequently asked questions

Ikon Remedies is an active private limited company based in Nagpur, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 07 October 2002 (24+ years old) and is registered under CIN U24230MH2002PTC137489.

Ikon Remedies has 2 current directors:

The latest financial statements of Ikon Remedies 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 Ikon Remedies is 27AABCI8166R1ZR, registered in Maharashtra.

The CIN (Corporate Identification Number) of Ikon Remedies is U24230MH2002PTC137489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ikon Remedies has 1,461 court cases on record: 1,426 filed by the company and 35 filed against it. 566 are pending. Most are in the district courts.

Ikon Remedies was incorporated on 07 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Nagpur.

Ikon Remedies has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹75 Lakh; the latest was in April 2022.

Sakshi Rajesh Kingrani ceased to be Director on 03 Oct 2016. Sneha Mahesh Kingrani ceased to be Director on 03 Oct 2016. Mahesh Chandrabhan Kingrani was appointed as Director on 07 Oct 2002. Ikon Remedies has 6 board changes on record in total.

Yes, Ikon Remedies is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-20-0024900).

Ikon Remedies has 2 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Aug 2020.