India Consultancy Group Private Limited
About India Consultancy Group Private Limited
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India Consultancy Group Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1995PTC094188. Its GSTIN is 27AAACI1289A1ZX (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Nimisha Paresh Shah and Paresh Pannalal Shah.
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 302 K.K.Square 470 Cardinal Gracious Road Chakala, Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.71 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹14.1 Lakh (net margin -31.5%) and EBITDA of -₹14.08 Lakh (EBITDA margin -31.5%). Revenue has grown at a compounded annual rate (CAGR) of 135% over three years and 121% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
India Consultancy Group Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address302 K.K.Square 470 Cardinal Gracious Road Chakala, Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of India Consultancy Group Private Limited, buy the company report.
- 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
Business activity
The main business activity of India Consultancy Group is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of India Consultancy Group Private Limited, buy the company report.
Financials of India Consultancy Group Private Limited
FY 2025 filings availableIndia Consultancy Group Private Limited reported revenue of ₹44.71 Lakh (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 121%. EBITDA fell 244% 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 |
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| EBITDA | -₹14.08 Lakh | ||||
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| Net Profit (PAT) | -₹14.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -31.5% | ||||
| Net Profit Margin | -31.5% | ||||
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To see the full financial statements and ratios of India Consultancy Group Private Limited, buy the company report.
Board of directors of India Consultancy Group Private Limited
India Consultancy Group has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimisha Paresh Shah Also directs: Aavkar Trade Consultants LLP, P P Shah & Associates LLP, Alap Trade Consultants LLP and 4 more | Director | 15 Nov 2011 | 14 Years 11 Months | Current |
| Paresh Pannalal Shah Also directs: Aavkar Trade Consultants LLP, P P S S & Associates LLP, P P Shah & Associates LLP and 5 more | Director | 22 Apr 1998 | 28 Years 6 Months | Current |
Auditor
India Consultancy Group Private Limited is audited by R KABRA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R KABRA & CO | FY 2021 | 104502W |
Shareholding
The shareholding of India Consultancy Group Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of India Consultancy Group Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving India Consultancy Group Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India Consultancy Group Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
India Consultancy Group has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1289A1ZX | Maharashtra | Active | 04 Jul 2022 |
To see the full GST registrations and return filing status of India Consultancy Group Private Limited, buy the company report.
Recent activity
India Consultancy Group Private Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Shivaram Kittanna Karkala ceased to be Director on 03 Dec 2011.
Frequently asked questions
India Consultancy Group is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 November 1995 (31+ years old) and is registered under CIN U99999MH1995PTC094188.
India Consultancy Group has 2 current directors:
- Nimisha Paresh Shah - Director
- Paresh Pannalal Shah - Director
The latest financial statements of India Consultancy Group 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 Consultancy Group is 27AAACI1289A1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Consultancy Group is U99999MH1995PTC094188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Consultancy Group was incorporated on 03 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Shivaram Kittanna Karkala ceased to be Director on 03 Dec 2011. Nimisha Paresh Shah was appointed as Director on 15 Nov 2011. Paresh Pannalal Shah was appointed as Director on 22 Apr 1998. India Consultancy Group has 4 board changes on record in total.
The registered office of India Consultancy Group is at 302 K.K.Square 470 Cardinal Gracious Road Chakala, Mumbai, Maharashtra, India – 400099.
India Consultancy Group operates in the financial services industry, in the diversified financial services segment.
The compliance status of India Consultancy Group is compliant as of 19 August 2026. The company is actively filing with the Registrar of Companies.
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