MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0034147
Indicon Construction Private Limited
Indicon Construction Private Limited - infrastructure and utilities in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.05 Cr
▲ 9% YoY
Net profit · FY 2024
₹3.69 Cr
Net margin 5.6%
EBITDA · FY 2024
₹8.39 Cr
EBITDA margin 12.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹54.1 Lakh
Issued & subscribed
Open charges
₹79.75 Cr
Satisfied ₹1.25 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
17
Provident fund records
About Indicon Construction Private Limited
Data last updated:
Indicon Construction Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 22 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45201PN2003PTC018379. Its GSTIN is 27AABCI2999E1ZD (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹54.1 Lakh. It is led by directors including Pradeep Tukaram Kadam and Ashok Sampatrao Dhamdhere.
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 S No19A/2A/2B Rajdhani Complex Iiird Floor Pune Satara Rd Dhankawadi, Maharashtra, India – 411043.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.05 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹3.69 Cr (net margin 5.6%) and EBITDA of ₹8.39 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 10% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹79.75 Cr and satisfied charges of ₹1.25 Cr on record. Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 3 cases are pending.
Indicon Construction Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0034147). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45201PN2003PTC018379
Registration Number 018379
Incorporation Date 22 September 2003
ROC Pune
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0034147
Key People
Pradeep Tukaram Kadam Director Ashok Sampatrao Dhamdhere Director Dipak Pradip Kadam Additional Director Recognitions & Rankings of Indicon Construction
Contact details
Indicon Construction Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS No19A/2A/2B Rajdhani Complex Iiird Floor Pune Satara Rd Dhankawadi, Maharashtra, India – 411043
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Indicon Construction Private Limited, buy the company report.
Comprehensive company report
Indicon Construction 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 Indicon Construction is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Indicon Construction Private Limited, buy the company report.
Financials of Indicon Construction Private Limited
FY 2024 filings availableIndicon Construction Private Limited reported revenue of ₹66.05 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹66.05 Cr ▲ 9%
Net profit · FY 2024
₹3.69 Cr margin 5.6%
EBITDA · FY 2024
₹8.39 Cr margin 12.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 55%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 52%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 9% growth in the latest year. EBITDA rose 19% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹8.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.69 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | ||||
| Net Profit Margin | 5.6% | ||||
| 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 Indicon Construction Private Limited, buy the company report.
Board of directors of Indicon Construction Private Limited
Indicon Construction has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Tukaram Kadam | Director | 22 Sep 2003 | 23 Years 1 Months | Current |
| Ashok Sampatrao Dhamdhere Also directs: Volt- Age Energy Private Limited | Director | 22 Sep 2003 | 23 Years 1 Months | Current |
| Dipak Pradip Kadam | Additional Director | 04 Jan 2025 | 1 Years 10 Months | Current |
Peer comparison
Indicon Construction Private Limited is compared with the 7 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baab Constructions (India) Private Limited | ₹67.8 Cr (FY 2025) | 70.0% | Ponda, Goa, India | |||
| Shankarampet Projects Private Limited | ₹67.19 Cr (FY 2025) | -7.0% | Delhi, India | |||
| North Bihar Highway Limited. | ₹66.45 Cr (FY 2025) | -72.0% | Gurgaon, Haryana, India | |||
| Gawar Khajuwala Bap Highway Private Limited | ₹66.28 Cr (FY 2025) | 19.0% | Gurgaon, Haryana, India | |||
| Indicon Construction Private Limitedthis company | ₹66.05 Cr (FY 2024) | ₹3.69 Cr | 5.6% | 9.0% | 17 | Pune, Maharashtra, India |
| Shashi Structural Engineers Private Limited | ₹65.68 Cr (FY 2023) | 28.0% | Pune, Maharashtra, India | |||
| Sant Gadge Baba Infra Private Limited | ₹65.57 Cr (FY 2024) | 57.0% | Buldhana, Maharashtra, India | |||
| SSR Crest Engineers and Constructions Limited | ₹65.48 Cr (FY 2025) | -34.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Indicon Construction Private Limited, buy the company report.
Auditor
Indicon Construction Private Limited is audited by CHETAN CHAUDHARY & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHETAN CHAUDHARY & CO. | FY 2022 | 160985 |
Shareholding
The shareholding of Indicon Construction Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indicon Construction Private Limited, buy the company report.
Charges & borrowings
Open charges
₹79.75 Cr
Satisfied charges
₹1.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2025 | 101199536 | Axis Bank Limited | ₹2.19 Cr | Open | |
| 09 Jun 2025 | 101136436 | Others | ₹3.5 Cr | Open | |
| 08 Aug 2024 | 100964790 | Others | ₹2 Cr | Open | |
| 07 Aug 2024 | 100971591 | Others | ₹29.52 Lakh | Open | |
| 20 Jun 2024 | 100971589 | Bank of India | ₹8.78 Cr | Open |
To see the full charge records of Indicon Construction Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Indicon Construction Private Limited has 13 court cases on record: 1 filed by Indicon Construction, 12 filed against it. 3 cases are pending and 10 are disposed.
Total cases
13
Filed by the company
1
Filed against the company
12
Pending
3
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 3 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Maxel Rock Processing LLP Through Ajay Vijay Dhoot | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Satara, Maharashtra | Civil suit | Filed by the company against The Collector, Satara and 3 others | Disposed |
To see the full case history of Indicon Construction 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
Indicon Construction Private Limited was last rated by Crisil on 06 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Apr 2020 |
To see the full credit ratings and regulatory alerts of Indicon Construction Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indicon Construction Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indicon Construction Private Limited has a workforce of 17 employees on its EPFO records as of May 2026.
Employee count
17
Employee growth
-10.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| 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 Indicon Construction Private Limited, buy the company report.
GST
Indicon Construction has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2999E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indicon Construction Private Limited, buy the company report.
Recent activity
Indicon Construction Private Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Dipak Pradip Kadam was appointed as Additional Director on 04 Jan 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.19 Cr with Charge ID 101199536 was registered on 25 Nov 2025.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 101136436 was registered on 09 Jun 2025.
Charges
A charge with Others of Rs. 53.97 Cr registered on 28 Mar 2006 with Charge ID 10001540 was modified on 16 Jan 2025.
Appointed
Dipak Pradip Kadam was appointed as Additional Director.
Ceased
Pradeep Tukaram Kadam ceased to be Director.
AGM
Indicon Construction Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100964790 was registered on 08 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100971591 was registered on 07 Aug 2024.
Charges
A charge with Bank Of India amounted to Rs. 8.78 Cr with Charge ID 100971589 was registered on 20 Jun 2024.
Filing
Indicon Construction Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others amounted to Rs. 0.63 Cr with Charge ID 100907964 was registered on 31 Mar 2024.
Charges
A charge with Others amounted to Rs. 0.42 Cr with Charge ID 100914466 was registered on 30 Mar 2024.
20 earlier events are in the company report.
Frequently asked questions
Indicon Construction is an active private limited company based in Pune, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 22 September 2003 (23+ years old) and is registered under CIN U45201PN2003PTC018379.
Indicon Construction has 3 current directors:
- Pradeep Tukaram Kadam - Director
- Ashok Sampatrao Dhamdhere - Director
- Dipak Pradip Kadam - Additional Director
The latest financial statements of Indicon Construction 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 Indicon Construction is 27AABCI2999E1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indicon Construction is U45201PN2003PTC018379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indicon Construction has 13 court cases on record: 1 filed by the company and 12 filed against it. 3 are pending.
Indicon Construction was incorporated on 22 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Indicon Construction by revenue are Baab Constructions (India) Private Limited, Shankarampet Projects Private Limited, North Bihar Highway Limited, Gawar Khajuwala Bap Highway Private Limited, Shashi Structural Engineers Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Dipak Pradip Kadam was appointed as Additional Director on 04 Jan 2025. Pradeep Tukaram Kadam ceased to be Director on 31 Dec 2024. Ashok Sampatrao Dhamdhere was appointed as Director on 22 Sep 2003. Indicon Construction has 4 board changes on record in total.
Yes, Indicon Construction is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0034147).
The registered office of Indicon Construction is at S No19A2A2B Rajdhani Complex Iiird Floor Pune Satara Rd Dhankawadi, Maharashtra, India – 411043.
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