About Lico Materials Private Limited
Data last updated: 09 May 2026
Lico Materials Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in waste management and recycling solutions, a part of the broader environmental services sector. Incorporated on 22 October 2021, the company has been in operation for over 5 years.
Registered with ROC Mumbai under CIN U31909MH2021PTC369900.
Capital: an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.59 Cr. It is led by directors Gaurav Dolwani and Vikram Handa.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Floor No03 Plot – 46 Upadrasta House Dr. V B Gandhi Marg Kala Ghoda Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.35 Cr, a growth of 5% compared to the previous year.
The company has a workforce of approximately 36 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹30 Cr on record.
For more details, the company can be reached via its website licomat.com.
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Registered AddressFloor No03 Plot – 46 Upadrasta House Dr. V B Gandhi Marg Kala Ghoda Fort, Mumbai, Maharashtra, India – 400001
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IndustryEnvironment, Waste Management & Recycling Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Lico Materials Private Limited
Lico Materials Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details for Lico Materials Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Lico Materials Private Limited
Lico Materials Private Limited is audited by Shah Gupta & Co for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shah Gupta & Co | Locked | Locked | Locked |
Complete auditor history for Lico Materials Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Lico Materials Private Limited
Lico Materials Private Limited is currently managed by 2 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Gaurav Dolwani
Also directs:
Ollie Consultancy Llp
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Director | 22 Oct 2021 | 4 Years 9 Months | Current |
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Vikram Handa
Also directs:
Marmoris Arts Llp, Epsilon Carbon Ashoka Private Limited, Epsilon Carbon Private Limited and 5 more
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Director | 22 Oct 2021 | 4 Years 9 Months | Current |
Financials of Lico Materials Private Limited FY 2025 filings available
Lico Materials Private Limited reported revenue of ₹27.35 Cr (up 5.00% YoY) for FY 2025.
Ten-year financial statements for Lico Materials Private Limited
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Ownership and Shareholding of Lico Materials Private Limited
Shareholding and ownership data for Lico Materials Private Limited
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Charges & Borrowings of Lico Materials Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Nov 2025 | Hdfc Bank Limited | ₹30 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Lico Materials Private Limited
Lico Materials Private Limited has a workforce of 36 employees as of Jan 15, 2026.
Employee and EPFO history for Lico Materials Private Limited
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GST Compliance of Lico Materials Private Limited
GST registrations and filing compliance for Lico Materials Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Lico Materials Private Limited
Credit ratings, litigation, and regulatory alerts for Lico Materials Private Limited
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MSME Payment Delays by Lico Materials Private Limited
MSME payment history for Lico Materials Private Limited
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Subsidiaries & Group Companies of Lico Materials Private Limited
Corporate group structure for Lico Materials Private Limited
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MCA Filings & Documents of Lico Materials Private Limited
MCA filings and documents for Lico Materials Private Limited
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- Annual returns and statements
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Recent Activity on Lico Materials Private Limited
Frequently Asked Questions about Lico Materials Private Limited
Lico Materials Private Limited is an active private limited company in the environment sector based in Mumbai, Maharashtra, India. It was incorporated on 22 October 2021 (5+ years old) and is registered under CIN U31909MH2021PTC369900. The company has 36 employees.
Lico Materials Private Limited reported revenue of ₹27.35 Cr for FY 2025 (up 5.00% YoY).
The current directors of Lico Materials Private Limited are:
- Gaurav Dolwani - Director
- Vikram Handa - Director
The primary industry of Lico Materials Private Limited is environment. The company specifically operates in waste management and recycling solutions. The company is currently active in this sector.
Yes, Lico Materials Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Lico Materials Private Limited can be reached at the registered office: Floor No03 Plot – 46 Upadrasta House Dr. V B Gandhi Marg Kala Ghoda Fort, Mumbai, Maharashtra, India – 400001, or through the website licomat.com.