About Indcon Panels Private Limited
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Indcon Panels Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31906GJ2015PTC083761.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Mita Dipak Pandya and Varsha Mahendra Patel.
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 28/2/2 Kalidas Mill Compound Gomtipur, Ahmedabad, Gujarat, India – 380021.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.96 Lakh, a growth of 140% compared to the previous year. For the same year it recorded a net profit of ₹26.78 Lakh (net margin 99.3%) and EBITDA of ₹26.78 Lakh (EBITDA margin 99.3%). Revenue has grown at a compounded annual rate (CAGR) of 137% over three years and 68% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indconpanels.com.
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- TelephoneLocked
- Website
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- Registered Address28/2/2 Kalidas Mill Compound Gomtipur, Ahmedabad, Gujarat, India – 380021
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Business Activity of Indcon Panels Private Limited
The main business activity of Indcon Panels is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indcon Panels Private Limited FY 2025 filings available
Indcon Panels Private Limited reported revenue of ₹26.96 Lakh (up 140% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indcon Panels Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 68% over five years, including 140% growth in the latest year. EBITDA rose 162% 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 of Indcon Panels Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.78 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 of Indcon Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 99.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indcon Panels are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Indcon Panels Private Limited
Indcon Panels Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Divyapadhuka Engineering Private Limited | ₹27.66 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Weber Technologies Private Limited | ₹27.63 Lakh (FY 2022) | •••• | •••• | 189.0% | •••• | Ernakulam, Kerala, India |
| Lall King Generators Private Limited | ₹27.44 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Harday Energies Private Limited | ₹27.3 Lakh (FY 2025) | •••• | •••• | •••• | Ranchi, Jharkhand, India | |
| Aica Engineering (India) Private Limited | ₹27.27 Lakh (FY 2019) | •••• | •••• | 88.0% | •••• | Kottayam, Kerala, India |
| Indcon Panels Private Limited this company | ₹26.96 Lakh (FY 2025) | •••• | •••• | 140.0% | •••• | Ahmedabad, Gujarat, India |
| Anekarth Solar Private Limited | ₹26.9 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | Delhi, India |
| Alpamrut Electronics Private Limited | ₹26.88 Lakh (FY 2025) | •••• | •••• | 98.0% | •••• | Mumbai, Maharashtra, India |
| Armor Grandeur Private Limited | ₹26.73 Lakh (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Skyline Earth System Private Limited | ₹26.71 Lakh (FY 2025) | •••• | •••• | 139.0% | •••• | Lucknow, Uttar Pradesh, India |
| Reckon India Private Limited | ₹26.67 Lakh (FY 2025) | •••• | •••• | 7899.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Indcon Panels by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indcon Panels Private Limited
Indcon Panels Private Limited is audited by SHREEKANT S. SHAH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHREEKANT S. SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Indcon Panels Private Limited
Indcon Panels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mita Dipak Pandya Also directs: H.M. Electro Mech Limited | Director | 30 Jun 2016 | 10 Years 3 Months | Current |
| Varsha Mahendra Patel | Director | 30 Jun 2016 | 10 Years 3 Months | Current |
| Mohini Rajeshbhai Shah Also directs: Industrial Controls Private Limited | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
Ownership and Shareholding of Indcon Panels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indcon Panels Private Limited
Indcon Panels Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Indcon Panels Private Limited
Employment history and EPFO contributions of people linked to Indcon Panels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Indcon Panels Private Limited
Indcon Panels Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Rajesh Jayantilal Shah ceased to be Director on 30 Apr 2018.
Credit Ratings, Litigation & Regulatory Alerts for Indcon Panels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indcon Panels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indcon Panels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indcon Panels Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indcon Panels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indcon Panels Private Limited
Indcon Panels is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 July 2015 (11+ years old) and is registered under CIN U31906GJ2015PTC083761.
Indcon Panels reported revenue of ₹26.96 Lakh for FY 2025 (up 140% YoY).
Indcon Panels has 3 current directors:
- Mita Dipak Pandya - Director
- Varsha Mahendra Patel - Director
- Mohini Rajeshbhai Shah - Director
Indcon Panels reported a net profit of ₹26.78 Lakh (net margin 99.3%) and EBITDA of ₹26.78 Lakh (EBITDA margin 99.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indcon Panels is 137% over three years and 68% over five years. In the latest year (FY 2025) revenue rose 140%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Indcon Panels is U31906GJ2015PTC083761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indcon Panels was incorporated on 06 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Indcon Panels by revenue are Sri Divyapadhuka Engineering Private Limited, Weber Technologies Private Limited, Lall King Generators Private Limited, Harday Energies Private Limited, Aica Engineering (India) Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Rajesh Jayantilal Shah ceased to be Director on 30 Apr 2018. Mita Dipak Pandya was appointed as Director on 30 Jun 2016. Varsha Mahendra Patel was appointed as Director on 30 Jun 2016. Indcon Panels has 4 board changes on record in total.
Indcon Panels can be reached through the website indconpanels.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Indcon Panels is at 2822 Kalidas Mill Compound Gomtipur, Ahmedabad, Gujarat, India – 380021.