About India Circuits Private Limited
Data last updated:
India Circuits Private Limited is a private limited company based in Chandigarh, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 31 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U31200CH2007PTC030682. Its GSTIN is 06AABCI6774R1ZT (Haryana).
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹3.36 Cr. It was formerly known as India Circuits Limited. It is led by directors Rajneesh Kumar Garg (Managing Director) and Manju Garg.
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 Booth No. 7 Sector 7C, Chandigarh, India – 160019.
As per the financials filed for FY 2025, the company reported a revenue of ₹101.58 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹11.42 Cr (net margin 11.2%) and EBITDA of ₹27.53 Cr (EBITDA margin 27.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 17% over five years.
The company has about 398 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹71.65 Cr and satisfied charges of ₹89.57 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are 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 icl.org.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBooth No. 7 Sector 7C, Chandigarh, India – 160019
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 India Circuits Private Limited
The main business activity of India Circuits is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control 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 India Circuits Private Limited FY 2025 filings available
India Circuits Private Limited reported revenue of ₹101.58 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of India Circuits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 38% growth in the latest year. EBITDA rose 95% 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 India Circuits 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 | ₹101.58 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹27.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.42 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 of India Circuits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.2% | •••• | •••• | •••• | •••• |
| 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 India Circuits are in the company report.
Financial statements from 2015
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 India Circuits Private Limited
India Circuits Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Circuits Private Limited this company | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Indian Acoustics Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Kuebler Automation India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Integrated Intelligent Solutions & Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Reach Nvy Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Cipsa Tec India Private Limited | •••• | •••• | •••• | •••• | 256 | Tumkur, Karnataka, India |
| Keltron Component Complex Limited | •••• | •••• | •••• | •••• | - | Kannur, Kerala, India |
| 5 Core Acoustics Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Rakon India Private Limited | •••• | •••• | •••• | •••• | 366 | Devanahalli, Karnataka, India |
| Chavare Engineering Private Limited | •••• | •••• | •••• | •••• | 111 | Dombivli, Maharashtra, India |
| Surbhi Satcom Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below India Circuits by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of India Circuits Private Limited
India Circuits Private Limited is audited by PREM GARG & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PREM GARG & ASSOCIATES | 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 India Circuits Private Limited
India Circuits has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Garg Also directs: Garg Electro-Tools LLP, R S Electro Circuits Private Limited, Agnoor Electronics Private Limited and 1 more | Director | 31 Jan 2007 | 19 Years 8 Months | Current |
| Rajneesh Kumar Garg Also directs: Garg Electro-Tools LLP, R S Electro Circuits Private Limited, Agnoor Electronics Private Limited and 2 more | Managing Director | 31 Jan 2007 | 19 Years 8 Months | Current |
Ownership and Shareholding of India Circuits 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 India Circuits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2026 | Sidbi | ₹25.32 Lakh | Open |
| 20 Mar 2023 | Hdfc Bank Limited | ₹71.4 Cr | Open |
| 30 Mar 2022 | Sidbi | ₹85 Lakh | Satisfied |
| 23 Dec 2021 | Sidbi | ₹1.04 Cr | Satisfied |
| 26 Oct 2021 | Canara Bank | ₹1.6 Cr | Satisfied |
Total charge records: 35 View all charges
Legal Cases of India Circuits Private Limited
India Circuits Private Limited has 6 court cases on record: 4 filed by India Circuits, 2 filed against it. 3 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by Instapower Limited | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against The Canara Bank Limited | Pending |
| District court, South, Delhi | Court case (OMP (COMM.)) | Filed against the company by Instapower Limited | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Small Industries Development Bank of India | Pending |
| District court, Panchkula, Haryana | Civil miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by India Circuits Private Limited
India Circuits Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 32 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Som Logistic Solutions Private Limited | •••• | •••• | •••• |
| Photokina Chemicals Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at India Circuits Private Limited
India Circuits Private Limited has a workforce of 398 employees as of Jan 05, 2026.
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.
CIN History of India Circuits Private Limited
India Circuits has one previous CIN (Corporate Identification Number): U31200CH2007PLC030682. The current CIN is U31200CH2007PTC030682, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200CH2007PTC030682 | Current |
| U31200CH2007PLC030682 | Previous |
Recent Activity on India Circuits Private Limited
India Circuits Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Karuna Sharma ceased to be Irp/Rp/Liquidator on 24 Dec 2024.
69 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for India Circuits 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.
Subsidiaries & Group Companies of India Circuits 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 India Circuits Private Limited
India Circuits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI6774R1ZT | Haryana | Active | 01 Jul 2017 |
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 India Circuits 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 India Circuits Private Limited
India Circuits is an active private limited company based in Chandigarh, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 31 January 2007 (19+ years old) and is registered under CIN U31200CH2007PTC030682.
India Circuits reported revenue of ₹101.58 Cr for FY 2025 (up 38% YoY).
India Circuits has 2 current directors:
- Rajneesh Kumar Garg - Managing Director
- Manju Garg - Director
India Circuits reported a net profit of ₹11.42 Cr (net margin 11.2%) and EBITDA of ₹27.53 Cr (EBITDA margin 27.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of India Circuits is 14% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of India Circuits is 06AABCI6774R1ZT, registered in Haryana.
The CIN (Corporate Identification Number) of India Circuits is U31200CH2007PTC030682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Circuits has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
India Circuits was incorporated on 31 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of India Circuits by revenue are Indian Acoustics Private Limited, Kuebler Automation India Private Limited, Integrated Intelligent Solutions & Technologies Private Limited, Reach Nvy Private Limited, Cipsa Tec India Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Karuna Sharma ceased to be Irp/Rp/Liquidator on 24 Dec 2024. Nooran Garg ceased to be Director on 02 Jan 2021. Lakshman Garg ceased to be Director on 01 Jan 2012. India Circuits has 6 board changes on record in total.
India Circuits has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 32 overdue payments to 16 micro and small suppliers. The latest return was filed on 29 May 2019.