Indicon Estates Pvt Ltd
About Indicon Estates Pvt Ltd
Data last updated:
Indicon Estates Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 29 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74910WB1994PTC063761. Its GSTIN is 19AAACI5594E1ZE (West Bengal).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹27.2 Lakh. It is led by directors Sunil Kedia and Alok Kumar Maskara.
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 1411 Garia Station Road, Kolkata, West Bengal, India – 700084.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.58 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹93.2 Lakh (net margin -36.1%) and EBITDA of -₹30.5 Lakh (EBITDA margin -11.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 74% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.5 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address1411 Garia Station Road, Kolkata, West Bengal, India – 700084
- IndustryInfrastructure and Utilities, General Construction Services
- 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 Indicon Estates Pvt Ltd
The main business activity of Indicon Estates is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | 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 Indicon Estates Pvt Ltd FY 2025 filings available
Indicon Estates Pvt Ltd reported revenue of ₹2.58 Cr (down 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indicon Estates Pvt Ltd
Revenue fell 58% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 74%. EBITDA fell 137% 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 Indicon Estates Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹30.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹93.2 Lakh | •••• | •••• | •••• | •••• |
| 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 of Indicon Estates Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -36.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Indicon Estates 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 Indicon Estates Pvt Ltd
Indicon Estates Pvt Ltd is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subhadraa Engineering and Technologies Private Limited | ₹2.58 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Aurangabad, Maharashtra, India |
| Parwila Sons Infra Private Limited | ₹2.58 Cr (FY 2024) | •••• | •••• | 336.0% | •••• | Ranchi, Jharkhand, India |
| Nest Rehabilitation Engineers Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Ajmer Consultancy & Services Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Wellpoint Systems Private Limited | ₹2.58 Cr (FY 2018) | •••• | •••• | -33.0% | •••• | New Delhi, Delhi, India |
| Indicon Estates Pvt Ltd this company | ₹2.58 Cr (FY 2025) | •••• | •••• | -58.0% | •••• | Kolkata, West Bengal, India |
| Emjay Infratech Construction Private Limited | ₹2.58 Cr (FY 2024) | •••• | •••• | 287.0% | •••• | New Delhi, Delhi, India |
| Kaph Tech Infrastructure Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | 3461.0% | •••• | Hyderpora, Jammu and Kashmir, India |
| Walse Patil Enterprises Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Pune, Maharashtra, India |
| Amtex Paints Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Delhi, India |
| GPR Engineering Private Limited | ₹2.58 Cr (FY 2025) | •••• | •••• | 125.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Indicon Estates by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indicon Estates Pvt Ltd
Indicon Estates Pvt Ltd is audited by L K BOHANIA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| L K BOHANIA & CO | 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 Indicon Estates Pvt Ltd
Indicon Estates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kedia | Director | 29 Jun 1994 | 32 Years 3 Months | Current |
| Alok Kumar Maskara Also directs: Modello Ventures LLP, The Mahabir Jute Mills Limited, Conifer Industries Private Limited and 4 more | Director | 29 Jun 1994 | 32 Years 3 Months | Current |
Ownership and Shareholding of Indicon Estates Pvt Ltd
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 Indicon Estates Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jan 2007 | Indian Overseas Bank | ₹1.5 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Indicon Estates Pvt Ltd
Indicon Estates Pvt Ltd has 7 court cases on record: 4 filed by Indicon Estates, 2 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Arbitration matter | Filed by the company against Adco Construction Private Limited | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against Parekh Aluminex Limited | Disposed |
| Calcutta High Court | Court case (APOT) | Filed by the company against The Canara Bank Limited | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Filed against the company by an individual | Disposed |
| Calcutta High Court | Court case (CRR) | Filed against the company by an individual | Disposed |
Full case history
All 7 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.
Employees and EPFO Compliance at Indicon Estates Pvt Ltd
Indicon Estates Pvt Ltd has a workforce of 2 employees as of Apr 09, 2024.
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.
Group Structure of Indicon Estates Pvt Ltd
Indicon Estates has 2 associated companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
Recent Activity on Indicon Estates Pvt Ltd
Indicon Estates Pvt Ltd has 2 board changes on record since 1994: 2 appointments. The latest: Alok Kumar Maskara was appointed as Director on 29 Jun 1994.
Credit Ratings, Litigation & Regulatory Alerts for Indicon Estates Pvt Ltd
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 Indicon Estates Pvt Ltd
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 Indicon Estates Pvt Ltd
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 Indicon Estates Pvt Ltd
Indicon Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI5594E1ZE | West Bengal | 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 Indicon Estates Pvt Ltd
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 Indicon Estates Pvt Ltd
Indicon Estates is an active private limited company based in Kolkata, West Bengal, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 29 June 1994 (32+ years old) and is registered under CIN U74910WB1994PTC063761.
Indicon Estates reported revenue of ₹2.58 Cr for FY 2025 (down 58% YoY).
Indicon Estates has 2 current directors:
- Sunil Kedia - Director
- Alok Kumar Maskara - Director
Indicon Estates reported a net loss of ₹93.2 Lakh (net margin -36.1%) and EBITDA of -₹30.5 Lakh (EBITDA margin -11.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indicon Estates is -17% over three years and 74% over five years. In the latest year (FY 2025) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indicon Estates is 19AAACI5594E1ZE, registered in West Bengal.
The CIN (Corporate Identification Number) of Indicon Estates is U74910WB1994PTC063761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indicon Estates has 7 court cases on record: 4 filed by the company and 2 filed against it. Most are in the high courts.
Indicon Estates was incorporated on 29 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Indicon Estates by revenue are Subhadraa Engineering and Technologies Private Limited, Parwila Sons Infra Private Limited, Nest Rehabilitation Engineers Private Limited, Ajmer Consultancy & Services Private Limited, Wellpoint Systems Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Alok Kumar Maskara was appointed as Director on 29 Jun 1994. Sunil Kedia was appointed as Director on 29 Jun 1994.