About Indian City Properties Ltd
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Indian City Properties Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 January 1939 and has been in existence for over 87 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1939PLC009551. Its GSTIN is 19AAACI5534L1ZB (West Bengal). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹211.5 Cr and a paid-up capital of ₹9.41 Cr. It is led by directors including Varun Aditya Thapar and Nitasha Thapar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2023, the company reported a revenue of ₹283.59 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹226.08 Cr (net margin 79.7%) and EBITDA of ₹267.45 Cr (EBITDA margin 94.3%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 49% over five years.
The company has about 36 employees on its provident fund (EPFO) records. Its group structure includes 13 subsidiaries.
As per MCA filings, the company has open charges of ₹150 Cr and satisfied charges of ₹490 Cr on record. Court records list 76 cases involving the company, including 41 filed by the company and 35 filed against it; 13 cases are pending. The company has 23 deals on record (17 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹43.11 Cr; the latest was in December 2022. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 1 smaller; the largest is Stellar Ventures Private Limited with revenue of ₹308.74 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiancityproperties.com.
Company details
CIN history
Indian City Properties has one previous CIN (Corporate Identification Number): L70101WB1961PLC009551. The current CIN is U70101WB1939PLC009551, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101WB1939PLC009551 | Current |
| L70101WB1961PLC009551 | Previous |
Contact details
Indian City Properties Ltd's registered office is in Kolkata, West Bengal. Its website is indiancityproperties.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIcp Atria Green, 163 Shyama Prasad Mukherjee Road, Kolkata, West Bengal, India – 700026
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Indian City Properties Ltd, 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 Indian City Properties is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Indian City Properties Ltd, buy the company report.
Financials of Indian City Properties Ltd
FY 2024 filings availableIndian City Properties Ltd reported revenue of ₹283.59 Cr (up 698% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 698% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹283.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹267.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹226.08 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.3% | ||||
| Net Profit Margin | 79.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of Indian City Properties Ltd, buy the company report.
Board of directors and KMP of Indian City Properties Ltd
Indian City Properties Ltd currently reports 5 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrasekhar Reddy Mettipalle | Ceo | 18 Jul 2025 | 1 Years 3 Months | Current |
| Varun Aditya Thapar Also directs: The Waterbase Limited, Aquavista Enterprises Private Limited, Thapar Infra Construction India LLP and 4 more | Director | 24 Dec 2020 | 5 Years 10 Months | Current |
| Nitasha Thapar | Director | 01 Oct 2012 | 14 Years 1 Months | Current |
| Abhishek Goyal Also directs: Typsy Beauty Products LLP, Pearl Global Industries Limited, Earth Paws Private Limited and 3 more | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Gopal Krishna Jaidka Also directs: R.D.Rubber Reclaim Limited, Jaidka Power Systems Private Limited | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Vikramaditya Mohan Thapar Also directs: Avikra Private Limited | Director | 30 Oct 2000 | 26 Years 0 Months | Current |
Peer comparison
Indian City Properties Ltd is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stellar Ventures Private Limited | ₹308.74 Cr (FY 2025) | 152.0% | New Delhi, Delhi, India | |||
| Parsvnath Developers Limited | ₹303.46 Cr (FY 2025) | -39.0% | Delhi, India | |||
| Mahaluxmi Buildtech Limited | ₹302.45 Cr (FY 2024) | 225.0% | New Delhi, Delhi, India | |||
| Indian City Properties Ltdthis company | ₹283.59 Cr (FY 2023) | ₹226.08 Cr | 79.7% | 698.0% | 36 | Kolkata, West Bengal, India |
To see the full peer comparison of Indian City Properties Ltd, buy the company report.
Auditor
Indian City Properties Ltd is audited by S.S Kothari Mehta & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S Kothari Mehta & Company | FY 2023 | 000756N |
Shareholding
The shareholding of Indian City Properties Ltd 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 Indian City Properties Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Nov 2023 | 100818834 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 11 Nov 2016 | 100070191 | Others | ₹97 Cr | Satisfied | |
| 11 Nov 2016 | 100070403 | Others | ₹68 Cr | Satisfied | |
| 19 Jun 2014 | 10517630 | L&T Infrastructure Finance Company Limited | ₹50 Cr | Satisfied | |
| 19 Jun 2014 | 10517631 | L&T Fincorp Limited | ₹100 Cr | Satisfied |
To see the full charge records of Indian City Properties Ltd, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Indian City Properties Ltd has 23 deals on record (17 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹43.11 Cr; the latest was in December 2022.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Karam Chand Thapar & Bros (Coal Sales ) Ltd , an individual Seller: Karam Chand Thapar & Bros (Coal Sales ) Ltd , an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Karam Chand Thapar & Bros (Coal Sales ) Ltd , an individual Seller: Karam Chand Thapar & Bros (Coal Sales ) Ltd , an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Karam Chand Thapar & Bros (Coal Sales ) Ltd Seller: an individual |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Karam Chand Thapar & Bros (Coal Sales ) Ltd Seller: an individual |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Karam Chand Thapar & Bros (Coal Sales ) Ltd Seller: United India Insurance Co Limited |
To see the full deal history of Indian City Properties Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indian City Properties Ltd has 76 court cases on record: 41 filed by Indian City Properties, 35 filed against it. 13 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 23 | 8 |
| District courts | 18 | 10 | 4 |
| Supreme Court | 5 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Drolia and Kataruka Realty LLP | Pending |
| High Court of Uttarakhand | Court case (WPMS) | Filed against the company by NRSS Xxxvi Transmission Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Sanghai Holdings Private Limited | Pending |
| Calcutta High Court | Court case (CS-COM) | Filed by the company against Reliance Home Finance Limited | Pending |
| Calcutta High Court | Court case (CS-COM) | Filed by the company against Open Elite Developers Limited | Pending |
To see the full case history of Indian City Properties Ltd, 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 Indian City Properties Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indian City Properties has 13 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bijwasan Realty Two Private Limited | U40106DL2015PTC402545 | |
| Bijwasan Realty Three Private Limited | U45200DL2008PTC180442 | |
| Karmath Infrastructure Private Limited | U45200DL2011PTC215155 | |
| Anannya Infrabuild Private Limited | U45200DL2011PTC219025 | |
| Rishikesh Realty Six Private Limited | U45200DL2011PTC219055 | |
| Splendid Nirman Private Limited | U45200DL2012PTC235286 |
To see the full group structure of Indian City Properties Ltd, buy the company report.
Employees & EPFO
Indian City Properties Ltd has a workforce of 36 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 36 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Indian City Properties Ltd, buy the company report.
GST
Indian City Properties has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI5534L1ZB | West Bengal | Active | 01 Jul 2017 |
| 07AAACI5534L1ZG | Delhi | Active | 01 Jul 2017 |
| 09AAACI5534L1ZC | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AAACI5534L1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian City Properties Ltd, buy the company report.
Recent activity
Indian City Properties Ltd has 25 board changes on record since 2000: 6 appointments and 19 cessations. The latest: Chandrasekhar Reddy Mettipalle was appointed as CEO on 18 Jul 2025.
37 earlier events are in the company report.
Frequently asked questions
Indian City Properties is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 January 1939 (87+ years old) and is registered under CIN U70101WB1939PLC009551.
Indian City Properties has 6 current directors and KMP:
- Varun Aditya Thapar - Director
- Nitasha Thapar - Director
- Abhishek Goyal - Director
- Gopal Krishna Jaidka - Director
- Vikramaditya Mohan Thapar - Director
- Chandrasekhar Reddy Mettipalle - Ceo
The latest financial statements of Indian City Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian City Properties is 19AAACI5534L1ZB, registered in West Bengal. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 07AAACI5534L1ZG (Delhi), 09AAACI5534L1ZC (Uttar Pradesh), 27AAACI5534L1ZE (Maharashtra).
The CIN (Corporate Identification Number) of Indian City Properties is U70101WB1939PLC009551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian City Properties has 76 court cases on record: 41 filed by the company and 35 filed against it. 13 are pending. Most are in the high courts.
Indian City Properties was incorporated on 12 January 1939, making it 87+ years old. It is registered with the Registrar of Companies, Kolkata.
Indian City Properties has 23 deals on record (17 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹43.11 Cr; the latest was in December 2022.
The peers of Indian City Properties by revenue are Stellar Ventures Private Limited, Parsvnath Developers Limited, Mahaluxmi Buildtech Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Chandrasekhar Reddy Mettipalle was appointed as CEO on 18 Jul 2025. Varun Aditya Thapar ceased to be Additional Director on 10 Sep 2021. Varun Aditya Thapar was appointed as Director on 24 Dec 2020. Indian City Properties has 25 board changes on record in total.
Indian City Properties can be reached through the website indiancityproperties.com. Its registered office is in Kolkata, West Bengal, India.
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