MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-13-0000544
India Circuits Private Limited - information technology in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹101.58 Cr
▲ 38% YoY
Net profit · FY 2025
₹11.42 Cr
Net margin 11.2%
EBITDA · FY 2025
₹27.53 Cr
EBITDA margin 27.1%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹3.36 Cr
Issued & subscribed
Open charges
₹71.65 Cr
Satisfied ₹89.57 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
398
Provident fund records
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 7 cases involving the company, including 4 filed by the company and 4 filed against it; 3 cases are pending.
India Circuits Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-13-0000544). 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.
Company details
CIN U31200CH2007PTC030682
Registration Number 030682
Incorporation Date 31 January 2007
ROC Chandigarh
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-HR-13-0000544
CIN history
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 |
Recognitions & Rankings of India Circuits
Contact details
India Circuits Private Limited's registered office is in Chandigarh, Chandigarh. Its website is icl.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBooth No. 7 Sector 7C, Chandigarh, India – 160019
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of India Circuits Private Limited, buy the company report.
Comprehensive company report
India Circuits 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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Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of India Circuits Private Limited, buy the company report.
Financials of India Circuits Private Limited
FY 2025 filings availableIndia Circuits Private Limited reported revenue of ₹101.58 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹101.58 Cr ▲ 38%
Net profit · FY 2025
₹11.42 Cr margin 11.2%
EBITDA · FY 2025
₹27.53 Cr margin 27.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 14%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 17%
5 years · compounded
▲ 35%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of India Circuits Private Limited, buy the company report.
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.
Current Directors
| 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 9 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 9 Months | Current |
Peer comparison
India Circuits Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Circuits Private Limitedthis company | ₹101.58 Cr (FY 2025) | ₹11.42 Cr | 11.2% | 38.0% | 398 | Chandigarh, India |
| Indian Acoustics Private Limited | ₹99.82 Cr (FY 2018) | 19.0% | New Delhi, Delhi, India | |||
| Integrated Intelligent Solutions & Technologies Private Limited | ₹98.9 Cr (FY 2024) | 200.0% | Bangalore, Karnataka, India | |||
| Reach Nvy Private Limited | ₹98.08 Cr (FY 2025) | 139.0% | Bangalore, Karnataka, India | |||
| Cipsa Tec India Private Limited | ₹97.92 Cr (FY 2025) | 0.0% | Tumkur, Karnataka, India | |||
| Keltron Component Complex Limited | ₹97.4 Cr (FY 2023) | 16.0% | Kannur, Kerala, India | |||
| 5 Core Acoustics Private Limited | ₹96.54 Cr (FY 2018) | 37.0% | New Delhi, Delhi, India |
To see the full peer comparison of India Circuits Private Limited, buy the company report.
Auditor
India Circuits Private Limited is audited by PREM GARG & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PREM GARG & ASSOCIATES | FY 2024 | 014440N |
Shareholding
The shareholding of India Circuits Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of India Circuits Private Limited, buy the company report.
Charges & borrowings
Open charges
₹71.65 Cr
Satisfied charges
₹89.57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2026 | 101265476 | Sidbi | ₹25.32 Lakh | Open | |
| 20 Mar 2023 | 100697202 | Hdfc Bank Limited | ₹71.4 Cr | Open | |
| 30 Mar 2022 | 100553098 | Sidbi | ₹85 Lakh | Satisfied | |
| 23 Dec 2021 | 100515346 | Sidbi | ₹1.04 Cr | Satisfied | |
| 26 Oct 2021 | 100505715 | Canara Bank | ₹1.6 Cr | Satisfied |
To see the full charge records of India Circuits Private Limited, buy the company report.
Total charge records: 35 View all charges
Legal cases
India Circuits Private Limited has 7 court cases on record: 4 filed by India Circuits, 4 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
4
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| High courts | 2 | 1 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by Instapower Limited | Pending |
| High Court, HARYANA | Writ petition | Filed against the company by India Circuits Pvt Ltd and 1 other | Pending |
| High Court, HARYANA | Writ petition | Filed by the company against India Circuits Pvt. Ltd and 2 others | Pending |
| District court, South, Delhi | Court case (OMP (COMM.)) | Filed against the company by Instapower Ltd. | Disposed |
| High Court, HARYANA | Writ petition | Filed by the company against Canara Bank and Others and 3 others | Pending |
To see the full case history of India Circuits 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.
Credit ratings & regulatory alerts
India Circuits Private Limited was last rated by Brickwork on 19 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 19 Jan 2022 |
To see the full credit ratings and regulatory alerts of India Circuits Private Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of India Circuits Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
India Circuits Private Limited has a workforce of 398 employees on its EPFO records as of Jan 05, 2026, across 2 active EPFO establishments.
Employee count
398
Active EPFO establishments
2
Employee growth
1.79%
GST
India Circuits has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI6774R1ZT | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Circuits Private Limited, buy the company report.
Recent activity
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.
Charges
A charge with Sidbi amounted to Rs. 0.25 Cr with Charge ID 101265476 was registered on 30 Mar 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 71.40 Cr registered on 20 Mar 2023 with Charge ID 100697202 was modified on 03 Mar 2026.
AGM
India Circuits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
India Circuits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Karuna Sharma ceased to be Irp/Rp/Liquidator.
Charges
A charge registered on 13 Mar 2019 via Charge ID 100256977 with Canara Bank was fully satisfied on 25 Apr 2023.
Charges
A charge registered on 05 Jun 2012 via Charge ID 10363009 with Canara Bank was fully satisfied on 25 Apr 2023.
Charges
A charge registered on 16 Mar 2017 via Charge ID 100083163 with Sidbi was fully satisfied on 21 Apr 2023.
Charges
A charge registered on 19 Sep 2012 via Charge ID 10377715 with Small Industries Development Bank Of India was fully satisfied on 21 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 71.40 Cr with Charge ID 100697202 was registered on 20 Mar 2023.
Charges
A charge registered on 26 Oct 2021 via Charge ID 100505715 with Canara Bank was fully satisfied on 19 Nov 2022.
Charges
A charge registered on 24 Jun 2020 via Charge ID 100350772 with Others was fully satisfied on 19 Nov 2022.
69 earlier events are in the company report.
Frequently asked questions
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 has 2 current directors:
- Rajneesh Kumar Garg - Managing Director
- Manju Garg - Director
The latest financial statements of India Circuits 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 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 7 court cases on record: 4 filed by the company and 4 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, Integrated Intelligent Solutions & Technologies Private Limited, Reach Nvy Private Limited, Cipsa Tec India Private Limited, Keltron Component Complex Limited and 1 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
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.
Yes, India Circuits is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-13-0000544).
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.
India Circuits can be reached through the website icl.org.in. Its registered office is in Chandigarh, India.
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