MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0026487
Ic India Private Limited - infrastructure and utilities in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹64.3 Cr
▼ 3% YoY
Net profit · FY 2023
₹1.94 Cr
Net margin 3%
EBITDA · FY 2023
₹5.23 Cr
EBITDA margin 8.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹43.58 Cr
Satisfied ₹20.75 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
17
Provident fund records
About Ic India Private Limited
Data last updated:
Ic India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 26 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2013PTC069844. Its GSTIN is 29AADCI2780H1ZE (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Lakshmeesha Manjunatha and Sangeetha Naveen Kumar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 565 30th Main Road Sy No 17 Kattaruguppe Bsk 3rd Stage, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2023, the company reported a revenue of ₹64.3 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 3%) and EBITDA of ₹5.23 Cr (EBITDA margin 8.1%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹43.58 Cr and satisfied charges of ₹20.75 Cr on record. Court records list 21 cases involving the company, including 10 filed by the company and 11 filed against it; 4 cases are pending.
Ic India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0026487). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icigroup.in.
Company details
CIN U45201KA2013PTC069844
Registration Number 069844
Incorporation Date 26 June 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0026487
Recognitions & Rankings of Ic India
Contact details
Ic India Private Limited's registered office is in Bangalore, Karnataka. Its website is icigroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 565 30th Main Road Sy No 17 Kattaruguppe Bsk 3rd Stage, Bangalore, Karnataka, India – 560085
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Ic India Private Limited, buy the company report.
Comprehensive company report
Ic India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ic India is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Ic India Private Limited, buy the company report.
Financials of Ic India Private Limited
FY 2023 filings availableIc India Private Limited reported revenue of ₹64.3 Cr (down 3% YoY) for FY 2023.
Revenue · FY 2023
₹64.3 Cr ▼ 3%
Net profit · FY 2023
₹1.94 Cr margin 3%
EBITDA · FY 2023
₹5.23 Cr margin 8.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 6%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 13%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 3% fall in the latest year. EBITDA fell 10% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹64.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.94 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 3% | ||||
| 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 Ic India Private Limited, buy the company report.
Board of directors of Ic India Private Limited
Ic India has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmeesha Manjunatha | Director | 31 Mar 2025 | 1 Years 6 Months | Current |
| Sangeetha Naveen Kumar | Director | 18 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Ic India Private Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Olalian Estate Private Limited | ₹64.54 Cr (FY 2025) | 112.0% | Bardez, Goa, India | |||
| Tarinee Promoters Private Limited | ₹64.51 Cr (FY 2025) | 1.0% | Chandrasekharpur, Odisha, India | |||
| JJC Engineering Private Limited | ₹64.49 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Ic India Private Limitedthis company | ₹64.3 Cr (FY 2023) | ₹1.94 Cr | 3% | -3.0% | 17 | Bangalore, Karnataka, India |
| Alcon Constructions (Goa) Private Limited | ₹64.26 Cr (FY 2025) | 23.0% | Goa, India | |||
| Jai Maa Ambika Associates Private Limited | ₹64.17 Cr (FY 2025) | 1.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Ic India Private Limited, buy the company report.
Auditor
Ic India Private Limited is audited by B S K N AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S K N AND CO | FY 2023 | 012666S |
Shareholding
The shareholding of Ic India Private 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 Ic India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹43.58 Cr
Satisfied charges
₹20.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2023 | 100717905 | Hdfc Bank Limited | ₹1.28 Cr | Open | |
| 25 Oct 2021 | 100509963 | Hdfc Bank Limited | ₹35.4 Cr | Open | |
| 18 Aug 2021 | 100473835 | Axis Bank Limited | ₹28.44 Lakh | Open | |
| 13 Oct 2020 | 100387413 | Hdfc Bank Limited | ₹11.73 Lakh | Open | |
| 23 Nov 2013 | 10468527 | Others | ₹6.5 Cr | Open |
To see the full charge records of Ic India Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ic India Private Limited has 21 court cases on record: 10 filed by Ic India, 11 filed against it. 4 cases are pending and 17 are disposed.
Total cases
21
Filed by the company
10
Filed against the company
11
Pending
4
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 3 | 2 |
| District courts | 8 | 8 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by DRS Design Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by DRS Design Pvt Ltd | Disposed |
| High Court | Writ petition | Filed against the company by Pushpak Products India Private Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Finepunch Fab Private Limited | Disposed |
To see the full case history of Ic India Private 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.
Credit ratings & regulatory alerts
Ic India Private Limited was last rated by Icra on 19 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Oct 2021 |
To see the full credit ratings and regulatory alerts of Ic India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ic India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ic India Private Limited has a workforce of 17 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-19.05%
GST
Ic India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI2780H1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ic India Private Limited, buy the company report.
Recent activity
Ic India Private Limited has 12 board changes on record since 2014: 3 appointments and 9 cessations. The latest: Pradipsinh Udesinh Parmar was appointed as Additional Director on 04 Jun 2025.
Appointed
Pradipsinh Udesinh Parmar was appointed as Additional Director.
Appointed
Lakshmeesha Manjunatha was appointed as Director.
Appointed
Sangeetha Naveen Kumar was appointed as Director.
Ceased
Basavaraj Vedha Prabhu Naveenkumar ceased to be Director.
AGM
Ic India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Ic India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.28 Cr with Charge ID 100717905 was registered on 09 Mar 2023.
Ceased
Abhinandan Ravikumar ceased to be Director.
Charges
A charge registered on 12 Jan 2018 via Charge ID 100166654 with Axis Bank Limited was fully satisfied on 17 Nov 2021.
Ceased
Bharath Vishnu Murthy ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.40 Cr with Charge ID 100509963 was registered on 25 Oct 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.28 Cr with Charge ID 100473835 was registered on 18 Aug 2021.
12 earlier events are in the company report.
Frequently asked questions
Ic India is an active private limited company based in Bangalore, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 26 June 2013 (13+ years old) and is registered under CIN U45201KA2013PTC069844.
Ic India has 2 current directors:
- Lakshmeesha Manjunatha - Director
- Sangeetha Naveen Kumar - Director
The latest financial statements of Ic India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ic India is 29AADCI2780H1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Ic India is U45201KA2013PTC069844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ic India has 21 court cases on record: 10 filed by the company and 11 filed against it. 4 are pending. Most are in the high courts.
Ic India was incorporated on 26 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ic India by revenue are Olalian Estate Private Limited, Tarinee Promoters Private Limited, JJC Engineering Private Limited, Alcon Constructions (Goa) Private Limited, Jai Maa Ambika Associates Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Pradipsinh Udesinh Parmar was appointed as Additional Director on 04 Jun 2025. Lakshmeesha Manjunatha was appointed as Director on 31 Mar 2025. Sangeetha Naveen Kumar was appointed as Director on 18 Oct 2023. Ic India has 12 board changes on record in total.
Yes, Ic India is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0026487).
Ic India can be reached through the website icigroup.in. Its registered office is in Bangalore, Karnataka, India.