Ica Pidilite Private Limited

Ica Pidilite Private Limited - chemicals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24233MH2015PTC270308 Incorporated 20 November 2015 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals
Revenue · FY 2025
₹378.72 Cr
▼ 5% YoY
Net profit · FY 2025
₹29.44 Cr
Net margin 7.8%
EBITDA · FY 2025
₹67.81 Cr
EBITDA margin 17.9%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹6.12 Cr
Issued & subscribed
Open charges
₹25 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
444
Provident fund records

About Ica Pidilite Private Limited

Data last updated:

Ica Pidilite Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pidilite Industries Limited. It operates in the pharmaceuticals segment of the chemicals sector. It was incorporated on 20 November 2015 and has been in existence for over 11 years.

Its director Kalpana and Apurva Parekh is #257 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24233MH2015PTC270308. Its GSTIN is 27AABCW7477K1ZN (Maharashtra). The company holds 6 GST registrations, of which 5 are active.

The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹6.12 Cr. It was formerly known as Wood Coat Private Limited. It is led by directors including Gira Jagdeesh Sardesai and Gautam Khurana.

Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 403 404 Satellite Silver Andheri Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.

As per the financials filed for FY 2025, the company reported a revenue of ₹378.72 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹29.44 Cr (net margin 7.8%) and EBITDA of ₹67.81 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 15% over five years.

The company has about 444 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: ICA Pidilite and ICA Spa. As per MCA filings, the company has open charges of ₹25 Cr on record. Court records list 18 cases involving the company, including 15 filed by the company and 3 filed against it; 15 cases are pending. The company has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024. The company has 27 MSME Form 1 returns on record between 2017 and 2023, listing 320 overdue payments to 81 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icaspa.com.

Company details

CIN U24233MH2015PTC270308
Registration Number 270308
Incorporation Date 20 November 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Pidilite Industries Limited
Compliance Status Active Compliant
Key People
Gira Jagdeesh Sardesai Director Gautam Khurana Director Andrea Paniccia Director

Recognitions & Rankings of Ica Pidilite

Contact details

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

  • Email
  • Telephone
  • Website
    icaspa.com
  • Social Media
  • Registered Address
    403 404 Satellite Silver Andheri Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059
  • Industry
    Chemicals, Pharmaceuticals, Medicinal Chemical & Botanical Products, Chemical Products

To see the full contact details of Ica Pidilite Private Limited, buy the company report.

Comprehensive company report
Ica Pidilite 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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Brands

Ica Pidilite operates two associated brands: ICA Pidilite and ICA Spa. Each brand links to its own profile.

BrandDescriptionWebsite
ICA Pidilite
Manufactures and supplies Italian wood finishes for design and home improvement applications.icapidilite.com
ICA Spa
Wood coatings and glass paints are manufactured by ICA Group.icaspa.com

Business activity

The main business activity of Ica Pidilite is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

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

Financials of Ica Pidilite Private Limited

FY 2025 filings available

Ica Pidilite Private Limited reported revenue of ₹378.72 Cr (down 5% YoY) for FY 2025.

Revenue · FY 2025
₹378.72 Cr ▼ 5%
Net profit · FY 2025
₹29.44 Cr margin 7.8%
EBITDA · FY 2025
₹67.81 Cr margin 17.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 11%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 17%
5 years · compounded
▲ 22%

Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 17% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹67.81 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹29.44 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 2021-22FY 2020-21
Profitability
EBITDA Margin17.9%
Net Profit Margin7.8%
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 Ica Pidilite Private Limited, buy the company report.

Board of directors of Ica Pidilite Private Limited

Ica Pidilite has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gira Jagdeesh Sardesai
Also directs: Vinyl Chemicals (India) Limited, Novartis India Limited
Director28 Mar 20206 Years 7 MonthsCurrent
Gautam Khurana
Also directs: Indianet Consultants LLP, India Law Offices LLP, Ilo Law Partners LLP and 5 more
Director28 Mar 20206 Years 7 MonthsCurrent
Andrea PanicciaDirector26 Apr 201610 Years 6 MonthsCurrent
Prabhakar Jain
Also directs: Cornerways Consulting LLP, TTK Prestige Limited, Tenax Pidilite India Private Limited and 1 more
Director20 Nov 201510 Years 11 MonthsCurrent
Bharat Tilakraj Puri
Also directs: Pidilite Industries Limited, Tata Consumer Products Limited, Tata Motors Passenger Vehicles Limited and 3 more
Director20 Nov 201510 Years 11 MonthsCurrent
Apurva Narendrakumar Parekh
Also directs: Parbro Trading LLP, P4 Capital Advisor LLP, Pidilite Industries Limited and 5 more
Additional Director29 Jul 20251 Years 3 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Ica Pidilite Private Limited is audited by KHANNA & PANCHMIA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KHANNA & PANCHMIAFY 2023136041W

Shareholding

The shareholding of Ica Pidilite 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ica Pidilite Private Limited, buy the company report.

Charges & borrowings

Open charges
₹25 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹25.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Nov 2017100136521Others₹25 CrOpen

To see the full charge records of Ica Pidilite Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Ica Pidilite Private Limited has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024.

Total deals
7
Rights issues
4
Secondary share transfers
3

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedSeller: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals
Oct 2021Secondary share transferUndisclosedSeller: Pedilite Industries Limited, 2 individuals
Dec 2017Rights issue₹41.76 CrInvestors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals
Mar 2017Rights issue₹33.42 CrInvestors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals
Jun 2016Rights issue₹127.5 CrInvestors: Pedilite Industries Limited, Fevicol Company Limited , 2 individuals

To see the full deal history of Ica Pidilite Private Limited, buy the company report.

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

Credit ratings & regulatory alerts

Ica Pidilite Private Limited was last rated by Indiarating on 15 Feb 2021.

Rating agencyRated onRating
Indiarating15 Feb 2021

To see the full credit ratings and regulatory alerts of Ica Pidilite Private Limited, buy the company report.

MSME payment delays

Ica Pidilite Private Limited has 27 MSME Form 1 returns on record between 2017 and 2023, listing 320 overdue payments to 81 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 (5 of 81)

SupplierAmount dueDue sinceReported on
Manoj Cargo Carriers
Exzone Logistics
an individual supplier
The Award Gallery
Conventus Technologies Private Limited

To see the full MSME payment records of Ica Pidilite Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ica Pidilite Private Limited has a workforce of 444 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
444
Active EPFO establishments
1
Employee growth
-0.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27444
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

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

GST

Ica Pidilite has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
6
Active
5
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCW7477K1ZNMaharashtraActive01 Jul 2017
27AABCW7477K3ZLMaharashtraActive06 Mar 2023
24AABCW7477K1ZTGujaratActive01 Jul 2017
09AABCW7477K1ZLUttar PradeshActive04 Jul 2019

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

Recent activity

Ica Pidilite Private Limited has 11 board changes on record since 2015: 9 appointments and 2 cessations. The latest: Apurva Narendrakumar Parekh was appointed as Additional Director on 29 Jul 2025.

Appointed
Apurva Narendrakumar Parekh was appointed as Additional Director.
AGM
Ica Pidilite Private Limited last Annual general meeting of members was held on 28 Jul 2025 as per latest MCA records.
Ceased
Salil Nagesh Dalal ceased to be Director.
Filing
Ica Pidilite Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Peter Joseph Ippolito was appointed as Director.
Appointed
Salil Nagesh Dalal was appointed as Director.
Charges
A charge with Others of Rs. 25.00 Cr registered on 01 Nov 2017 with Charge ID 100136521 was modified on 27 Apr 2020.
Appointed
Gautam Khurana was appointed as Director.
Appointed
Gira Jagdeesh Sardesai was appointed as Director.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100136521 was registered on 01 Nov 2017.
Ceased
Ajay Balvantray Parekh ceased to be Director.
Appointed
Andrea Paniccia was appointed as Director.

4 earlier events are in the company report.

Frequently asked questions

Ica Pidilite is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceuticals, within the chemicals industry. It was incorporated on 20 November 2015 (11+ years old) and is registered under CIN U24233MH2015PTC270308.

Ica Pidilite has 7 current directors:

The latest financial statements of Ica Pidilite on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 July 2025. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Ica Pidilite is 27AABCW7477K1ZN, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCW7477K3ZL (Maharashtra), 24AABCW7477K1ZT (Gujarat), 09AABCW7477K1ZL (Uttar Pradesh).

The CIN (Corporate Identification Number) of Ica Pidilite is U24233MH2015PTC270308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ica Pidilite has 18 court cases on record: 15 filed by the company and 3 filed against it. 15 are pending.

Ica Pidilite was incorporated on 20 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.

Ica Pidilite has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in March 2024.

Apurva Narendrakumar Parekh was appointed as Additional Director on 29 Jul 2025. Salil Nagesh Dalal ceased to be Director on 28 Jul 2025. Peter Joseph Ippolito was appointed as Director on 03 Aug 2023. Ica Pidilite has 11 board changes on record in total.

Ica Pidilite has 27 MSME Form 1 returns on record between 2017 and 2023, listing 320 overdue payments to 81 micro and small suppliers. The latest return was filed on 04 Nov 2023.

Ica Pidilite can be reached through the website icaspa.com. Its registered office is in Mumbai, Maharashtra, India.