About Kretto Syscon Limited
Data last updated:
Kretto Syscon Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 19 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L70100GJ1994PLC023061. Its GSTIN is 24AAACI4341M1ZN (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531328.
The company has an authorised share capital of ₹68 Cr and a paid-up capital of ₹67.73 Cr. It was formerly known as Ideal Optics Limited and Ideal Texbuild Limited. It is led by directors including Tushar Shashikant Shah (Managing Director) and Kapadia Kruti Kevin.
Its last annual general meeting (AGM) was held on 30 May 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹5.9 Cr, a decline of 46.2% compared to the previous year. For the same year it recorded a net profit of ₹2.02 Cr (net margin 34.2%) and EBITDA of ₹2.78 Cr (EBITDA margin 47.1%). The net worth stands at ₹69.6 Cr (up 2.5% YoY). Total assets are valued at ₹69.95 Cr (up 1.5% YoY).
The company is associated with 1 brand: Kretto Syscon. Court records list 19 cases involving the company, including 12 filed by the company and 7 filed against it. The company has 128 deals on record (128 market trades); the latest was in July 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idealopticltd.com.
Company details
Name history
Kretto Syscon has undergone 2 name changes throughout its history. The company was previously known as Ideal Optics Limited, and Ideal Texbuild Limited. The current legal name is Kretto Syscon Limited.
| Company Name | Status |
|---|---|
| Kretto Syscon Limited | Current |
| Ideal Optics Limited | Previous |
| Ideal Texbuild Limited | Previous |
CIN history
Kretto Syscon has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70100GJ1994PLC023061, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70100GJ1994PLC023061 | Current |
| L17290GJ1994PLC023061 | Previous |
| L26109GJ1994PLC023061 | Previous |
| L45100GJ1994PLC023061 | Previous |
Contact details
Kretto Syscon Limited's registered office is in Ahmedabad, Gujarat. Its website is idealopticltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 102 Sankalp Iconic Tower Opp. Vikram Nagar, Iscon Temple Cross Road, Ahmedabad, Gujarat, India – 380054
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Kretto Syscon Limited, 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
Brands
Kretto Syscon operates one associated brand: Kretto Syscon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate development services | krettosysconltd.com |
Financials of Kretto Syscon Limited
FY 2025-26 filings availableKretto Syscon Limited reported revenue of ₹5.9 Cr (down 46.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5.90 | 10.97 | 0.00 | 0.00 | 3.48 | 0.00 | 0.00 |
| Revenue growth | -46.2% | - | - | -100.0% | - | - | - |
| EBITDA | 2.78 | 4.86 | (0.34) | (0.37) | (0.43) | (0.48) | (0.23) |
| EBITDA margin | +47.1% | +44.3% | - | - | -12.4% | - | - |
| Profit before tax | 2.73 | 5.58 | 0.34 | 0.26 | 0.24 | 0.17 | 0.15 |
| Net profit | 2.02 | 4.13 | 0.25 | 0.19 | 0.18 | 0.13 | 0.11 |
| Net profit margin | +34.2% | +37.7% | - | - | +5.2% | - | - |
| EPS (₹) | 0.03 | 0.07 | 0.02 | 0.01 | 0.01 | 0.08 | 0.08 |
| Balance sheet | |||||||
| Total assets | 69.95 | 68.89 | 17.73 | 16.46 | 16.28 | 16.12 | 15.89 |
| Net worth | 69.60 | 67.88 | 16.71 | 16.46 | 16.28 | 16.10 | 15.86 |
| Total debt | 0.35 | 1.01 | 1.02 | 0.00 | 0.00 | 0.02 | 0.02 |
| Cash & bank | 0.19 | 3.56 | 0.04 | 0.43 | 0.27 | 0.17 | 0.03 |
| Net working capital | 5.71 | 10.21 | (0.73) | (0.65) | (1.36) | (1.14) | (0.99) |
| Cash flow | |||||||
| Cash from operations | 2.99 | (3.29) | (0.06) | 0.17 | 0.13 | 0.14 | (0.32) |
| Cash from investing | (5.70) | (40.22) | (1.35) | (0.02) | 0.00 | 0.00 | 0.00 |
| Cash from financing | (0.66) | 47.03 | 1.02 | 0.00 | (0.02) | 0.00 | 0.02 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.20 | 0.20 | 1.00 | 0.00 | 0.43 | 3.78 | 2.29 | 1.82 |
| Revenue growth (YoY) | -53.5% | -94.7% | -56.3% | -100.0% | -92.6% | +267.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.22 | 0.42 | 0.18 | 0.41 | 0.00 |
| Total expenses | 0.07 | 0.05 | 1.36 | 0.08 | 0.55 | 1.13 | 4.53 | 0.50 |
| EBITDA | 0.13 | 0.15 | (0.36) | (0.08) | (0.12) | 2.65 | (2.24) | 1.32 |
| EBITDA margin | +65.0% | +75.0% | -36.0% | - | -27.9% | +70.1% | -97.8% | +72.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.13 | 0.15 | (0.52) | 0.13 | 0.30 | 2.82 | (1.83) | 1.32 |
| Tax | 0.03 | 0.04 | (0.13) | 0.03 | 0.08 | 0.73 | (0.48) | 0.34 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.20 | 0.20 | 1.00 | 0.00 | 0.43 | 3.78 | 2.29 | 1.82 |
| Revenue growth (YoY) | -53.5% | -94.7% | -56.3% | -100.0% | -92.6% | +267.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.22 | 0.42 | 0.18 | 0.41 | 0.00 |
| Total expenses | 0.07 | 0.05 | 1.36 | 0.08 | 0.55 | 1.13 | 4.53 | 0.50 |
| EBITDA | 0.13 | 0.15 | (0.36) | (0.08) | (0.12) | 2.65 | (2.24) | 1.32 |
| EBITDA margin | +65.0% | +75.0% | -36.0% | - | -27.9% | +70.1% | -97.8% | +72.5% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.13 | 0.15 | (0.52) | 0.13 | 0.30 | 2.82 | (1.83) | 1.32 |
| Tax | 0.03 | 0.04 | (0.13) | 0.03 | 0.08 | 0.73 | (0.48) | 0.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.90 | 10.97 | 0.00 | 0.00 | 3.48 | 0.00 | 0.00 |
| Revenue growth | -46.2% | - | - | -100.0% | - | - | - |
| Other income | 0.02 | 0.73 | 0.70 | 0.63 | 0.67 | 0.65 | 0.39 |
| Total expenses | 3.12 | 6.11 | 0.34 | 0.37 | 3.91 | 0.48 | 0.23 |
| Employee cost | 0.00 | 0.08 | 0.11 | 0.16 | 0.14 | 0.15 | 0.10 |
| EBITDA | 2.78 | 4.86 | (0.34) | (0.37) | (0.43) | (0.48) | (0.23) |
| EBITDA margin | +47.1% | +44.3% | - | - | -12.4% | - | - |
| Depreciation | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 2.73 | 5.58 | 0.34 | 0.26 | 0.24 | 0.17 | 0.15 |
| Tax | 0.71 | 1.45 | 0.09 | 0.07 | 0.06 | 0.04 | 0.04 |
| Net profit | 2.02 | 4.13 | 0.25 | 0.19 | 0.18 | 0.13 | 0.11 |
| Net profit margin | +34.2% | +37.7% | - | - | +5.2% | - | - |
| EPS (₹) | 0.03 | 0.07 | 0.02 | 0.01 | 0.01 | 0.08 | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 67.73 | 62.72 | 15.68 | 15.68 | 15.68 | 14.25 | 14.25 |
| Reserves & surplus | 1.87 | 5.16 | 1.03 | 0.78 | 0.60 | 1.85 | 1.61 |
| Shareholders' funds (net worth) | 69.60 | 67.88 | 16.71 | 16.46 | 16.28 | 16.10 | 15.86 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.35 | 1.01 | 1.02 | 0.00 | 0.00 | 0.02 | 0.02 |
| Total debt | 0.35 | 1.01 | 1.02 | 0.00 | 0.00 | 0.02 | 0.02 |
| Total liabilities | 69.95 | 68.89 | 17.73 | 16.46 | 16.28 | 16.12 | 15.89 |
| Assets | |||||||
| Gross block | 0.88 | 0.80 | 0.77 | 0.77 | 0.76 | 0.76 | 0.76 |
| Net block | 0.81 | 0.76 | 0.73 | 0.74 | 0.73 | 0.74 | 0.74 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 42.97 | 40.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 6.23 | 7.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.19 | 3.56 | 0.04 | 0.43 | 0.27 | 0.17 | 0.03 |
| Loans & advances | 0.12 | 0.71 | 0.03 | 0.02 | 0.02 | 0.02 | 0.08 |
| Total current assets | 6.54 | 11.86 | 0.07 | 0.45 | 0.29 | 0.19 | 0.11 |
| Total current liabilities | 0.83 | 1.65 | 0.80 | 1.10 | 1.65 | 1.33 | 1.10 |
| Net working capital | 5.71 | 10.21 | (0.73) | (0.65) | (1.36) | (1.14) | (0.99) |
| Total assets | 69.95 | 68.89 | 17.73 | 16.46 | 16.28 | 16.12 | 15.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.56 | 0.04 | 0.43 | 0.27 | 0.17 | 0.03 | 0.32 |
| Net cash from operating activities | 2.99 | (3.29) | (0.06) | 0.17 | 0.13 | 0.14 | (0.32) |
| Net cash from investing activities | (5.70) | (40.22) | (1.35) | (0.02) | 0.00 | 0.00 | 0.00 |
| Net cash from financing activities | (0.66) | 47.03 | 1.02 | 0.00 | (0.02) | 0.00 | 0.02 |
| Net change in cash | (3.37) | 3.52 | (0.39) | 0.15 | 0.11 | 0.14 | (0.29) |
| Closing cash | 0.19 | 3.56 | 0.04 | 0.43 | 0.27 | 0.17 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -46.2% | - | - | -100.0% | - | - | - |
| EBITDA growth | -42.8% | +1529.4% | +8.1% | +14.0% | +10.4% | -108.7% | - |
| PBT growth | -51.1% | +1541.2% | +30.8% | +8.3% | +41.2% | +13.3% | -42.3% |
| Net income growth | -51.1% | +1552.0% | +31.6% | +5.6% | +38.5% | +18.2% | - |
| Revenue CAGR (3Y) | - | +46.6% | - | - | +89.7% | -100.0% | -100.0% |
| EBITDA CAGR (3Y) | - | - | -10.9% | +17.2% | +10.4% | -6.7% | -29.3% |
| Profitability & leverage | |||||||
| Net income margin | +34.2% | +37.7% | - | - | +5.2% | - | - |
| Return on capital employed | - | +12.9% | +2.1% | +1.6% | +1.5% | +1.0% | +1.0% |
| Return on net worth | - | +9.8% | +1.5% | +1.2% | +1.1% | +0.8% | +0.7% |
| Debt / equity | - | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.81 | 0.00 | -2.86 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 13.97 | 0.00 | 0.00 | 4.58 | 0.00 | 0.00 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 2.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.03 | 0.07 | 0.02 | 0.01 | 0.01 | 0.08 | 0.08 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 1.08 | 1.07 | 1.05 | 1.04 | 11.30 | 11.13 |
To see the full year-wise statements and ratios of Kretto Syscon Limited, buy the company report.
Board of directors of Kretto Syscon Limited
Kretto Syscon has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Shashikant Shah Also directs: Kapadia Finwealth LLP, Equifin Capital Private Limited | Managing Director | 16 Jan 2017 | 9 Years 9 Months | Current |
| Kapadia Kruti Kevin | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Rajesh Modi | Director | 05 May 2021 | 5 Years 6 Months | Current |
| Akshita Dave | Director | 10 Jul 2024 | 2 Years 4 Months | Current |
| Manishbhai Vasantkumar Nirmal Also directs: Gracious Vanijya Limited | Director | 14 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Kretto Syscon Limited is audited by S. MANDAWAT & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. MANDAWAT & CO. | FY 2024 | 118330W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% |
Deals & funding
Kretto Syscon Limited has 128 deals on record (128 market trades); the latest was in July 2026.
Deals on record (5 of 128)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹47 Lakh | Buyer: Malani Wealth Advisors Private Limited Seller: NNM Securities Private Limited |
| Apr 2026 | Market trade | ₹22 Lakh | Buyer: Deepal Pravinbhai Shah Huf Seller: Astron Developers Private Limited |
| Feb 2026 | Market trade | ₹16.6 Lakh | Seller: Akarshika Traders LLP |
| Dec 2025 | Market trade | ₹37.2 Lakh | Buyer: Akarshika Traders LLP |
| Oct 2025 | Market trade | ₹1.29 Cr | Buyer: Akarshika Traders LLP Seller: Akarshika Traders LLP , an individual |
To see the full deal history of Kretto Syscon 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
Kretto Syscon Limited has 19 court cases on record: 12 filed by Kretto Syscon, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 6 | 0 |
| District courts | 5 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Commercial suit | Filed by the company against Sunstar Chemicals Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Ms.Sunstar Chemicals Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Sunstar Chemicals Ltd. | Disposed |
| High Court, GUJARAT | Commercial suit | Filed against the company by Sun Star Chemicals Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against M/S. Sunstar Chemicals Ltd. | Disposed |
To see the full case history of Kretto Syscon 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
No delayed payments to MSME suppliers are on our record for Kretto Syscon Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kretto Syscon has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4341M1ZN | Gujarat | Active | 07 Feb 2018 |
To see the full GST registrations and return filing status of Kretto Syscon Limited, buy the company report.
Recent activity
Kretto Syscon Limited has 31 board changes on record since 1994: 18 appointments and 13 cessations. The latest: Akshita Dave was appointed as Director on 10 Jul 2024.
22 earlier events are in the company report.
Frequently asked questions
Kretto Syscon is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 19 September 1994 (32+ years old) and is registered under CIN L70100GJ1994PLC023061. Listed on BSE: 531328.
Kretto Syscon reported revenue of ₹5.9 Cr for FY 2025-26 (down 46.2% YoY) based on standalone financials.
Kretto Syscon has 5 current directors:
- Tushar Shashikant Shah - Managing Director
- Kapadia Kruti Kevin - Director
- Rajesh Modi - Director
- Akshita Dave - Director
- Manishbhai Vasantkumar Nirmal - Director
The latest financial statements of Kretto Syscon on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 May 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kretto Syscon is 24AAACI4341M1ZN, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Kretto Syscon is L70100GJ1994PLC023061. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Kretto Syscon is a listed company as per MCA records. Its shares are listed on BSE (code: 531328).
Kretto Syscon has 19 court cases on record: 12 filed by the company and 7 filed against it. Most are in the high courts.
Kretto Syscon was incorporated on 19 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kretto Syscon has 128 deals on record (128 market trades); the latest was in July 2026.
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