Lico Materials Private Limited

Lico Materials Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U31909MH2021PTC369900 Incorporated 22 October 2021 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company environment DPIIT Startup MSME
Data last updated
Revenue · FY 2025
₹27.63 Cr
▲ 6% YoY
Net loss · FY 2025
₹15.59 Cr
Net margin -56.4%
EBITDA · FY 2025
-₹8.54 Cr
EBITDA margin -30.9%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.59 Cr
Issued & subscribed
Open charges
₹30 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
59
Provident fund records

About Lico Materials Private Limited

Data last updated:

Lico Materials Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 22 October 2021 and has been in existence for over 5 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH2021PTC369900. Its GSTIN is 27AAECL7957L1ZS (Maharashtra). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.59 Cr. It is led by directors including Vikram Handa and Desh Deepak Misra.

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 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 ₹27.63 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹15.59 Cr (net margin -56.4%) and EBITDA of -₹8.54 Cr (EBITDA margin -30.9%).

The company has about 59 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹30 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2023. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.

Lico Materials Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0119060). For more details, the company can be reached via its website licomat.com.

Company details

CIN U31909MH2021PTC369900
Registration Number 369900
Incorporation Date 22 October 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0119060
Key People
Vikram Handa Director Desh Deepak Misra Director Gaurav Dolwani Director

Recognitions & Rankings of Lico Materials

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-19-0119060

Contact details

Lico Materials Private Limited's registered office is in Mumbai, Maharashtra. Its website is licomat.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    licomat.com
  • Registered Address
    Floor No03 Plot – 46 Upadrasta House Dr. V B Gandhi Marg Kala Ghoda Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Environment, Waste Management & Recycling Solutions

To see the full contact details of Lico Materials Private Limited, buy the company report.

Comprehensive company report
Lico Materials 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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Secure checkout · GST invoice included

Business activity

The main business activity of Lico Materials is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Lico Materials Private Limited, buy the company report.

Financials of Lico Materials Private Limited

FY 2025 filings available

Lico Materials Private Limited reported revenue of ₹27.63 Cr (up 6% YoY) for FY 2025.

Revenue · FY 2025
₹27.63 Cr ▲ 6%
Net loss · FY 2025
₹15.59 Cr margin -56.4%
EBITDA · FY 2025
-₹8.54 Cr margin -30.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 6%

Revenue rose 6% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹27.63 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹8.54 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹15.59 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin-30.9%
Net Profit Margin-56.4%
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 Lico Materials Private Limited, buy the company report.

Board of directors of Lico Materials Private Limited

Lico Materials has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vikram Handa
Also directs: Marmoris Arts LLP, Epsilon Carbon Ashoka Private Limited, Epsilon Carbon Private Limited and 5 more
Director22 Oct 20215 Years 0 MonthsCurrent
Desh Deepak MisraDirector02 Jun 20233 Years 5 MonthsCurrent
Gaurav Dolwani
Also directs: Ollie Consultancy LLP
Director22 Oct 20215 Years 0 MonthsCurrent
View all directors

Auditor

Lico Materials Private Limited is audited by Shah Gupta & Co for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Shah Gupta & CoFY 2024109574W

Shareholding

The shareholding of Lico Materials Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Lico Materials Private Limited, buy the company report.

Charges & borrowings

Open charges
₹30 Cr
Satisfied charges
None
Breakdown by lending institutions
Hdfc Bank Limited₹30.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Nov 2025101189137Hdfc Bank Limited₹30 CrOpen

To see the full charge records of Lico Materials Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Lico Materials Private Limited has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2023.

Total deals
3
Secondary share transfers
2
Rights issue
1

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedBuyer: Handa Family Trust
Seller: an individual
Apr 2022Secondary share transferUndisclosedBuyer: Iota Finance Private Limited
Seller: Handa Family Trust
Dec 2021Rights issue₹1.58 CrInvestors: Handa Family Trust, an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Lico Materials Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
an individual supplier

To see the full MSME payment records of Lico Materials Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Lico Materials Private Limited has a workforce of 59 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
59
Active EPFO establishments
1
Employee growth
73.5%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2759
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23

To see the full employee and EPFO history of Lico Materials Private Limited, buy the company report.

GST

Lico Materials has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AAECL7957L1ZSMaharashtraActive28 Nov 2021
29AAECL7957L1ZOKarnatakaActive08 Apr 2024
29AAECL7957L1DXKarnatakaActive12 Dec 2024

To see the full GST registrations and return filing status of Lico Materials Private Limited, buy the company report.

Recent activity

Lico Materials Private Limited has 5 board changes on record since 2021: 3 appointments and 2 cessations. The latest: Vijay Pasupathy ceased to be Additional Director on 29 Sep 2025.

Charges
A charge with Hdfc Bank Limited of Rs. 30.00 Cr registered on 10 Nov 2025 with Charge ID 101189137 was modified on 27 Feb 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Cr with Charge ID 101189137 was registered on 10 Nov 2025.
AGM
Lico Materials Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Vijay Pasupathy ceased to be Additional Director.
Filing
Lico Materials Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Saiprasad Mahadeo Jadhav ceased to be Director.
Appointed
Desh Deepak Misra was appointed as Director.
Appointed
Gaurav Dolwani was appointed as Director.
Appointed
Vikram Handa was appointed as Director.
Incorporation
22 Oct 2021
Lico Materials Private Limited was registered on 22 Oct 2021 with Roc Mumbai I & aged 5 years 20 days as per MCA records.

News

Frequently asked questions

Lico Materials is an active private limited company based in Mumbai, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 22 October 2021 (5+ years old) and is registered under CIN U31909MH2021PTC369900.

Lico Materials has 3 current directors:

The latest financial statements of Lico Materials 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 FY 2022 are in the company report.

The GSTIN of Lico Materials is 27AAECL7957L1ZS, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAECL7957L1ZO (Karnataka), 29AAECL7957L1DX (Karnataka).

The CIN (Corporate Identification Number) of Lico Materials is U31909MH2021PTC369900. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Lico Materials has 1 court case on record: 1 filed by the company. 1 is pending.

Lico Materials was incorporated on 22 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.

Lico Materials has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2023.

Vijay Pasupathy ceased to be Additional Director on 29 Sep 2025. Saiprasad Mahadeo Jadhav ceased to be Director on 12 Feb 2024. Desh Deepak Misra was appointed as Director on 02 Jun 2023. Lico Materials has 5 board changes on record in total.

Yes, Lico Materials is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Lico Materials is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0119060).