MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0016562
Incryo Systems Private Limited - machinery and equipment in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.44 Cr
▼ 4% YoY
Net profit · FY 2025
₹42.37 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹1.86 Cr
EBITDA margin 10.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹17.11 Cr
Satisfied ₹6.67 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
30
Provident fund records
About Incryo Systems Private Limited
Data last updated:
Incryo Systems Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 14 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2014PTC079162. Its GSTIN is 24AADCI5074J1ZI (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Parvez Aktar Mohammed Kadir Syed and Miteshkumar Hargovindbhai Vaghela.
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 Ff – 7 Gokulesh Complex Sun Pharma Road Tandalja, Vadodara, Gujarat, India – 390012.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.44 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹42.37 Lakh (net margin 2.3%) and EBITDA of ₹1.86 Cr (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Incryo Systems. As per MCA filings, the company has open charges of ₹17.11 Cr and satisfied charges of ₹6.67 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in September 2025.
Incryo Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0016562). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website incryosystems.com.
Company details
CIN U29100GJ2014PTC079162
Registration Number 079162
Incorporation Date 14 March 2014
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-24-0016562
Recognitions & Rankings of Incryo Systems
Contact details
Incryo Systems Private Limited's registered office is in Vadodara, Gujarat. Its website is incryosystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFf – 7 Gokulesh Complex Sun Pharma Road Tandalja, Vadodara, Gujarat, India – 390012
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing, Industrial Tools & Components
To see the full contact details of Incryo Systems Private Limited, buy the company report.
Comprehensive company report
Incryo Systems 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
Brands
Incryo Systems operates one associated brand: Incryo Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of cryogenic and industrial gas equipment for various sectors. | incryosystems.com |
Business activity
The main business activity of Incryo Systems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Incryo Systems Private Limited, buy the company report.
Financials of Incryo Systems Private Limited
FY 2025 filings availableIncryo Systems Private Limited reported revenue of ₹18.44 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹18.44 Cr ▼ 4%
Net profit · FY 2025
₹42.37 Lakh margin 2.3%
EBITDA · FY 2025
₹1.86 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 7%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 3%
5 years · compounded
▼ 14%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 4% fall in the latest year. EBITDA fell 1% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.37 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Incryo Systems Private Limited, buy the company report.
Board of directors of Incryo Systems Private Limited
Incryo Systems has 2 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 |
|---|---|---|---|---|
| Parvez Aktar Mohammed Kadir Syed Also directs: Incryomed Private Limited | Director | 14 Mar 2014 | 12 Years 7 Months | Current |
| Miteshkumar Hargovindbhai Vaghela Also directs: Incryomed Private Limited | Director | 14 Mar 2014 | 12 Years 7 Months | Current |
Auditor
Incryo Systems Private Limited is audited by DARPAN AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DARPAN AND COMPANY | FY 2023 | 026797N |
Shareholding
The shareholding of Incryo Systems 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Incryo Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.11 Cr
Satisfied charges
₹6.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2025 | 101173513 | Hdfc Bank Limited | ₹65 Lakh | Open | |
| 15 Oct 2025 | 101175610 | State Bank of India | ₹6.67 Cr | Open | |
| 16 Jul 2025 | 101136983 | State Bank of India | ₹8 Cr | Open | |
| 23 Jun 2025 | 101114689 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 06 Jun 2025 | 101108144 | Hdfc Bank Limited | ₹16.58 Lakh | Open |
To see the full charge records of Incryo Systems Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Incryo Systems Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in September 2025.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Rights issue | ₹49 Lakh | Investors: 2 individuals |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Incryo Systems Private Limited has 3 court cases on record: 1 filed by Incryo Systems, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 1 other | Pending |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Incryo Systems Private 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 Incryo Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Incryo Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCI5074J1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Incryo Systems Private Limited, buy the company report.
Recent activity
Incryo Systems Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Priyanka Rahul Patel ceased to be Director on 09 Jul 2025.
Charges
A charge with State Bank Of India of Rs. 800.00 Lakh registered on 16 Jul 2025 with Charge ID 101136983 was modified on 06 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 65.00 Lakh with Charge ID 101173513 was registered on 15 Oct 2025.
Charges
A charge with State Bank Of India amounted to Rs. 667.00 Lakh with Charge ID 101175610 was registered on 15 Oct 2025.
Charges
A charge registered on 08 Jun 2017 via Charge ID 100107609 with Hdfc Bank Limited was fully satisfied on 08 Oct 2025.
AGM
Incryo Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 800.00 Lakh with Charge ID 101136983 was registered on 16 Jul 2025.
Ceased
Priyanka Rahul Patel ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Lakh with Charge ID 101114689 was registered on 23 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.58 Lakh with Charge ID 101108144 was registered on 06 Jun 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 667.00 Lakh registered on 08 Jun 2017 with Charge ID 100107609 was modified on 28 Apr 2025.
Filing
Incryo Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.10 Lakh with Charge ID 101012684 was registered on 27 Nov 2024.
7 earlier events are in the company report.
Frequently asked questions
Incryo Systems is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 14 March 2014 (12+ years old) and is registered under CIN U29100GJ2014PTC079162.
Incryo Systems has 2 current directors:
- Parvez Aktar Mohammed Kadir Syed - Director
- Miteshkumar Hargovindbhai Vaghela - Director
The latest financial statements of Incryo Systems 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 Incryo Systems is 24AADCI5074J1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Incryo Systems is U29100GJ2014PTC079162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incryo Systems has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Incryo Systems was incorporated on 14 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Incryo Systems has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in September 2025.
Priyanka Rahul Patel ceased to be Director on 09 Jul 2025. Miteshkumar Hargovindbhai Vaghela was appointed as Director on 14 Mar 2014. Parvez Aktar Mohammed Kadir Syed was appointed as Director on 14 Mar 2014. Incryo Systems has 4 board changes on record in total.
Yes, Incryo Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0016562).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages