MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0003591
Indicon Westfalia Limited - machinery and equipment in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.01 Cr
▼ 35% YoY
Net profit · FY 2025
₹41.8 Lakh
Net margin 3.5%
EBITDA · FY 2025
₹98.12 Lakh
EBITDA margin 8.2%
Authorised capital
₹132 Cr
Registered with MCA
Paid-up capital
₹20.52 Cr
Issued & subscribed
Open charges
₹11.13 Cr
Satisfied ₹43.5 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
18
Provident fund records
About Indicon Westfalia Limited
Data last updated:
Indicon Westfalia Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Karam Chand Thapar & Bros (Coal Sales ) Ltd. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 19 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U28992WB2009PLC139572. Its GSTIN is 19AACCI1682D2ZO (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹132 Cr and a paid-up capital of ₹20.52 Cr. It was formerly known as Indicon Enterprises Limited and Indicon Logistics Limited. It is led by directors including Vaibhav Singh Chandel and Ratan Lal Sharma.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.01 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹41.8 Lakh (net margin 3.5%) and EBITDA of ₹98.12 Lakh (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 24% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indicon Westfalia. As per MCA filings, the company has open charges of ₹11.13 Cr and satisfied charges of ₹43.5 Cr on record. Court records list 31 cases involving the company, including 23 filed by the company and 8 filed against it; 2 cases are pending. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹123.36 Cr; the latest was in April 2019. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 3 micro and small suppliers.
Indicon Westfalia Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0003591). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiconwestfalia.com.
Company details
CIN U28992WB2009PLC139572
Registration Number 139572
Incorporation Date 19 November 2009
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Karam Chand Thapar & Bros (Coal Sales ) Ltd
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0003591
Name history
Indicon Westfalia has undergone 2 name changes throughout its history. The company was previously known as Indicon Enterprises Limited, and Indicon Logistics Limited. The current legal name is Indicon Westfalia Limited.
| Company Name | Status |
|---|---|
| Indicon Westfalia Limited | Current |
| Indicon Enterprises Limited | Previous |
| Indicon Logistics Limited | Previous |
Recognitions & Rankings of Indicon Westfalia
Contact details
Indicon Westfalia Limited's registered office is in Kolkata, West Bengal. Its website is indiconwestfalia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor 401 The Chambers Premises 1865 Rajdanga Main Road Rasbehari Connector Kmc Ward, No. 107, Kolkata, West Bengal, India – 700107
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Indicon Westfalia Limited, buy the company report.
Comprehensive company report
Indicon Westfalia 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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Brands
Indicon Westfalia operates one associated brand: Indicon Westfalia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of containers, handling and mining equipment | indiconwestfalia.com |
Business activity
The main business activity of Indicon Westfalia is mining and quarrying. In detail, this covers mining support service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | 09 | Mining support service activities |
To see the full business activity and turnover split of Indicon Westfalia Limited, buy the company report.
Financials of Indicon Westfalia Limited
FY 2025 filings availableIndicon Westfalia Limited reported revenue of ₹12.01 Cr (down 35% YoY) for FY 2025.
Revenue · FY 2025
₹12.01 Cr ▼ 35%
Net profit · FY 2025
₹41.8 Lakh margin 3.5%
EBITDA · FY 2025
₹98.12 Lakh margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 10%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 9%
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 73% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹98.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹41.8 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Westfalia Limited, buy the company report.
Board of directors of Indicon Westfalia Limited
Indicon Westfalia has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Singh Chandel | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Ratan Lal Sharma Also directs: I-Tech Smart Home Automation Private Limited | Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Sandip Choudhuri | Director | 27 Jul 2020 | 6 Years 3 Months | Current |
| Sudhanshu Kumar Singh Also directs: Lex Atharv LLP, Atharv Nanotechnology (OPC) Private Limited, Meerkats Nanotherm Innovations Private Limited and 5 more | Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Vijendra Singh | Director | 28 Dec 2022 | 3 Years 10 Months | Current |
| Tapan Ghosh Also directs: Pab Engineering Works Private Limited | Director | 07 Jun 2019 | 7 Years 5 Months | Current |
Auditor
Indicon Westfalia Limited is audited by Batra Deepak & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Batra Deepak & Associates | FY 2023 | 005408C |
Shareholding
The shareholding of Indicon Westfalia 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 Westfalia Limited, buy the company report.
Charges & borrowings
Open charges
₹11.13 Cr
Satisfied charges
₹43.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2023 | 100763243 | Others | ₹10 Cr | Open | |
| 03 Oct 2021 | 100524880 | Axis Bank Limited | ₹1.13 Cr | Open | |
| 22 Sep 2014 | 10525096 | Yes Bank Limited | ₹10 Cr | Satisfied | |
| 02 Apr 2014 | 10493358 | State Bank of India | ₹22.5 Cr | Satisfied | |
| 25 May 2010 | 10224436 | State Bank of India | ₹11 Cr | Satisfied |
To see the full charge records of Indicon Westfalia Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Indicon Westfalia Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹123.36 Cr; the latest was in April 2019.
Total deals
7
Funding rounds
6
Secondary share transfer
1
Disclosed funding
₹123.36 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Karam Chand Thapar & Bros (Coal Sales ) Ltd , Karam Chand Thapar & Bros (Coal Sales) Limited & Radhe Shyam Kothari, Karam Chand Thapar & Bros (Coal Sales) Limited & Manoj Kumar Jain |
| Nov 2014 | Funding round | ₹37.41 Cr | Investors: Karam Chand Thapar & Bros (Coal Sales ) Ltd |
| Mar 2014 | Funding round | ₹10 Cr | Investors: Karam Chand Thapar & Bros (Coal Sales ) Ltd |
| Feb 2012 | Funding round | ₹6 Cr | Investors: Karam Chand Thapar & Bros (Coal Sales ) Ltd |
| Feb 2011 | Funding round | ₹13.8 Cr | Investors: Karam Chand Thapar & Bros (Coal Sales ) Ltd |
To see the full deal history of Indicon Westfalia Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indicon Westfalia Limited has 31 court cases on record: 23 filed by Indicon Westfalia, 8 filed against it. 2 cases are pending and 29 are disposed.
Total cases
31
Filed by the company
23
Filed against the company
8
Pending
2
Disposed
29
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 5 | 2 |
| District courts | 6 | 3 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed by the company against GMS Shipping and Containers Pvt Ltd and Anr | Pending |
| High Court | Court case (Review.Pet.) | Filed against the company by Oil and Natural Gas Corporation Ltd. and 1 other | Disposed |
| High Court, Assam | Writ petition | Filed by the company against Oil and Natural Gas Corporation Ltd. and 2 Ors. (B) and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Abb India Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Abb India Limited | Disposed |
To see the full case history of Indicon Westfalia 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.
MSME payment delays
Indicon Westfalia Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Well Mech Corporation | |||
| an individual supplier |
To see the full MSME payment records of Indicon Westfalia Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indicon Westfalia Limited has a workforce of 18 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
18
Active EPFO establishments
2
GST
Indicon Westfalia has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCI1682D2ZO | West Bengal | Active | 31 Jul 2017 |
| 20AACCI1682D2Z5 | Jharkhand | Active | 01 Apr 2022 |
To see the full GST registrations and return filing status of Indicon Westfalia Limited, buy the company report.
Recent activity
Indicon Westfalia Limited has 20 board changes on record since 2011: 6 appointments and 14 cessations. The latest: Vaibhav Singh Chandel ceased to be Additional Director on 29 Sep 2025.
AGM
Indicon Westfalia Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Vaibhav Singh Chandel ceased to be Additional Director.
Appointed
Vaibhav Singh Chandel was appointed as Director.
Filing
Indicon Westfalia Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Others of Rs. 10.00 Cr registered on 31 Jul 2023 with Charge ID 100763243 was modified on 21 Dec 2023.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100763243 was registered on 31 Jul 2023.
Appointed
Vijendra Singh was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.13 Cr with Charge ID 100524880 was registered on 03 Oct 2021.
Ceased
Binod Kumar Tiwari ceased to be Additional Director.
Ceased
Sandip Choudhuri ceased to be Additional Director.
Ceased
Tapan Ghosh ceased to be Additional Director.
Ceased
Jyotiprakash Moulik ceased to be Additional Director.
21 earlier events are in the company report.
Frequently asked questions
Indicon Westfalia is an active public limited company based in Kolkata, West Bengal, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 19 November 2009 (17+ years old) and is registered under CIN U28992WB2009PLC139572.
Indicon Westfalia has 6 current directors:
- Vaibhav Singh Chandel - Director
- Ratan Lal Sharma - Director
- Sandip Choudhuri - Director
- Sudhanshu Kumar Singh - Director
- Vijendra Singh - Director
- Tapan Ghosh - Director
The latest financial statements of Indicon Westfalia 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 Indicon Westfalia is 19AACCI1682D2ZO, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 20AACCI1682D2Z5 (Jharkhand).
The CIN (Corporate Identification Number) of Indicon Westfalia is U28992WB2009PLC139572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indicon Westfalia has 31 court cases on record: 23 filed by the company and 8 filed against it. 2 are pending. Most are in the high courts.
Indicon Westfalia was incorporated on 19 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Kolkata.
Indicon Westfalia has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹123.36 Cr; the latest was in April 2019.
Vaibhav Singh Chandel ceased to be Additional Director on 29 Sep 2025. Vaibhav Singh Chandel was appointed as Director on 01 Sep 2025. Vijendra Singh was appointed as Director on 28 Dec 2022. Indicon Westfalia has 20 board changes on record in total.
Yes, Indicon Westfalia is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0003591).
Indicon Westfalia has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 14 Dec 2022.
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