About Indianic Infotech Limited
Data last updated:
Indianic Infotech Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2000PLC037211. Its GSTIN is 24AAACI8307B1Z4 (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Sandeepkumar Omprakash Mundra (Managing Director) and Jigar Mukeshkumar Panchal.
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 Shop No. 201 2nd Floor Block – B Dev Arc Mall S.G.Highway, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.75 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.35 Cr (net margin 2.6%) and EBITDA of ₹4.63 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 9% over five years.
The company has about 344 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IndiaNIC. As per MCA filings, the company has open charges of ₹19.88 Cr and satisfied charges of ₹3.39 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company. The company has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.55 Cr; the latest was in May 2022. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Innovacx Tech Labs Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indianic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressShop No. 201 2nd Floor Block – B Dev Arc Mall S.G.Highway, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Indianic Infotech Limited
The main business activity of Indianic Infotech is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Indianic Infotech Limited FY 2025 filings available
Indianic Infotech Limited reported revenue of ₹51.75 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indianic Infotech Limited
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 39% 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 Indianic Infotech 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.35 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Indianic Infotech Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| 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 Indianic Infotech 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 Indianic Infotech Limited
Indianic Infotech Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovacx Tech Labs Private Limited | •••• | •••• | •••• | •••• | 178 | Hyderabad, Telangana, India |
| Marketopper Securities Private Limited | •••• | •••• | •••• | •••• | 81 | Gurgaon, Haryana, India |
| Lighthouse Asia Pacific Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Ensemble Health Partners India Private Limited | •••• | •••• | •••• | •••• | 224 | Chandigarh, India |
| Contus Tech Private Limited | •••• | •••• | •••• | •••• | 336 | Sriperumbudur, Tamil Nadu, India |
| Indianic Infotech Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Srin Soft Technologies Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Truglobal Software India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sigma Infosolutions Limited | •••• | •••• | •••• | •••• | 223 | Jodhpur, Rajasthan, India |
| LRN Technology and Content Solutions (India) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Datami Mobile Solutions Private Limited | •••• | •••• | •••• | •••• | 177 | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Indianic Infotech by revenue in the Information Technology industry (Application Development), 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 Indianic Infotech Limited
Indianic Infotech Limited is audited by BHARADIA MAHESHWARI & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHARADIA MAHESHWARI & 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 Indianic Infotech Limited
Indianic Infotech has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigar Mukeshkumar Panchal | Director | 14 Jun 2019 | 7 Years 3 Months | Current |
| Mihir Narendrabhai Raval | Director | 21 Nov 2016 | 9 Years 10 Months | Current |
| Sandeepkumar Omprakash Mundra | Managing Director | 20 Jan 2000 | 26 Years 8 Months | Current |
| Pradeep Kumar Mundra Also directs: App Anax LLP, Glenmine Overseas Private Limited | Director | 25 May 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Indianic Infotech 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 Indianic Infotech Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Aug 2025 | Axis Bank Limited | ₹70 Lakh | Open |
| 22 Oct 2021 | Standard Chartered Bank | ₹7 Cr | Open |
| 18 Sep 2020 | Axis Bank Limited | ₹68.4 Lakh | Open |
| 05 Jul 2019 | Axis Bank Limited | ₹10 Lakh | Open |
| 28 Mar 2017 | Axis Bank Limited | ₹11.4 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Indianic Infotech Limited
Indianic Infotech Limited has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.55 Cr; the latest was in May 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indianic Infotech Limited
Indianic Infotech Limited has 3 court cases on record: 2 filed by Indianic Infotech, 1 where it is another party. All cases are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
| High Court of Gujarat | Commercial suit | Filed by the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Company is another party | Disposed |
Full case history
All 3 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.
Associated Brands with Indianic Infotech Limited
Indianic Infotech operates one associated brand: IndiaNIC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of web & mobile application development, content marketing, testing, AI, and SMM services | indianic.com |
Employees and EPFO Compliance at Indianic Infotech Limited
Indianic Infotech Limited has a workforce of 344 employees as of Jan 28, 2025.
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 Indianic Infotech Limited
Indianic Infotech Limited has 14 board changes on record since 2000: 4 appointments and 10 cessations. The latest: Jigar Mukeshkumar Panchal ceased to be Additional Director on 16 Oct 2020.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indianic Infotech 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 Indianic Infotech 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 Indianic Infotech 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 Indianic Infotech Limited
Indianic Infotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI8307B1Z4 | Gujarat | 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 Indianic Infotech 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 Indianic Infotech Limited
Indianic Infotech is an active public limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 January 2000 (26+ years old) and is registered under CIN U72900GJ2000PLC037211.
Indianic Infotech reported revenue of ₹51.75 Cr for FY 2025 (down 10% YoY).
Indianic Infotech has 4 current directors:
- Sandeepkumar Omprakash Mundra - Managing Director
- Jigar Mukeshkumar Panchal - Director
- Mihir Narendrabhai Raval - Director
- Pradeep Kumar Mundra - Director
Indianic Infotech reported a net profit of ₹1.35 Cr (net margin 2.6%) and EBITDA of ₹4.63 Cr (EBITDA margin 9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indianic Infotech is -3% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indianic Infotech is 24AAACI8307B1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Indianic Infotech is U72900GJ2000PLC037211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indianic Infotech has 3 court cases on record: 2 filed by the company. Most are in the high courts.
Indianic Infotech was incorporated on 20 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indianic Infotech has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.55 Cr; the latest was in May 2022.
The peers of Indianic Infotech by revenue are Innovacx Tech Labs Private Limited, Marketopper Securities Private Limited, Lighthouse Asia Pacific Private Limited, Ensemble Health Partners India Private Limited, Contus Tech Private Limited and 5 more, all in the Information Technology industry (Application Development).