About Icra Esg Ratings Limited
Data last updated:
Icra Esg Ratings Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Icra Analytics Limited. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 31 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64990DL2011PLC213174. Its GSTIN is 06AAFCP9244F1ZC (Haryana). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9.85 Cr. It is led by directors including Jitin Makkar and Venkatakrishnan Srinivasan.
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 710 Statesman House 148 Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.18 Cr (net margin -219.1%) and EBITDA of -₹3.01 Cr (EBITDA margin -207.3%). Revenue has grown at a compounded annual rate (CAGR) of 231% over three years and 5% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pdcsl.in.
Company details
CIN history
Icra Esg Ratings has one previous CIN (Corporate Identification Number): U74140DL2011PLC213174. The current CIN is U64990DL2011PLC213174, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64990DL2011PLC213174 | Current |
| U74140DL2011PLC213174 | Previous |
Contact details
Icra Esg Ratings Limited's registered office is in New Delhi, Delhi. Its website is pdcsl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 710 Statesman House 148 Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Icra Esg Ratings 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
Financials of Icra Esg Ratings Limited
FY 2025 filings availableIcra Esg Ratings Limited reported revenue of ₹1.45 Cr (up 245% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 245% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹3.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.18 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -207.3% | ||||
| Net Profit Margin | -219.1% | ||||
| 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 Icra Esg Ratings Limited, buy the company report.
Board of directors of Icra Esg Ratings Limited
Icra Esg Ratings has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitin Makkar | Director | 10 Aug 2023 | 3 Years 2 Months | Current |
| Venkatakrishnan Srinivasan Also directs: Rockfort Fincap LLP | Director | 28 Sep 2023 | 3 Years 0 Months | Current |
| Chitralekha Vinayak Vaidya Also directs: Varshasookt Private Limited | Director | 28 Sep 2023 | 3 Years 0 Months | Current |
| Rebecca Tan Li Ping | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
| Girishkumar Kashiram Kadam | Director | 12 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Icra Esg Ratings Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sra Legal & Risk Consulting Private Limited | ₹1.45 Cr (FY 2024) | -7.0% | Bhopal, Madhya Pradesh, India | |||
| Tribocare Technical Services Private Limited | ₹1.45 Cr (FY 2025) | 22.0% | Chennai, Tamil Nadu, India | |||
| Icra Esg Ratings Limitedthis company | ₹1.45 Cr (FY 2025) | -₹3.18 Cr | -219.1% | 245.0% | 2 | New Delhi, Delhi, India |
| China Aluminium International Engineering (India) Private Limited | ₹1.45 Cr (FY 2025) | -33.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Icra Esg Ratings Limited, buy the company report.
Auditor
Icra Esg Ratings Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248 W/W-100022 |
Shareholding
The shareholding of Icra Esg Ratings 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 Icra Esg Ratings Limited, buy the company report.
Legal cases
No court or tribunal cases involving Icra Esg Ratings Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icra Esg Ratings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icra Esg Ratings Limited has a workforce of 2 employees on its EPFO records as of Jul 30, 2024, across 1 active EPFO establishment.
GST
Icra Esg Ratings has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCP9244F1ZC | Haryana | Active | 01 Feb 2024 |
To see the full GST registrations and return filing status of Icra Esg Ratings Limited, buy the company report.
Recent activity
Icra Esg Ratings Limited has 18 board changes on record since 2014: 5 appointments and 13 cessations. The latest: Girishkumar Kashiram Kadam ceased to be Additional Director on 24 Jul 2025.
9 earlier events are in the company report.
Frequently asked questions
Icra Esg Ratings is an active public limited company based in New Delhi, Delhi, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 31 January 2011 (15+ years old) and is registered under CIN U64990DL2011PLC213174.
Icra Esg Ratings has 5 current directors:
- Jitin Makkar - Director
- Venkatakrishnan Srinivasan - Director
- Chitralekha Vinayak Vaidya - Director
- Rebecca Tan Li Ping - Director
- Girishkumar Kashiram Kadam - Director
The latest financial statements of Icra Esg Ratings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icra Esg Ratings is 06AAFCP9244F1ZC, registered in Haryana. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of Icra Esg Ratings is U64990DL2011PLC213174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icra Esg Ratings was incorporated on 31 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Icra Esg Ratings by revenue are Sra Legal & Risk Consulting Private Limited, Tribocare Technical Services Private Limited, China Aluminium International Engineering (India) Private Limited, all in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities).
Girishkumar Kashiram Kadam ceased to be Additional Director on 24 Jul 2025. Girishkumar Kashiram Kadam was appointed as Director on 12 May 2025. Chitralekha Vinayak Vaidya ceased to be Additional Director on 18 Jul 2024. Icra Esg Ratings has 18 board changes on record in total.
Icra Esg Ratings can be reached through the website pdcsl.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Icra Esg Ratings is at B – 710 Statesman House 148 Barakhamba Road, New Delhi, Delhi, India – 110001.
Icra Esg Ratings operates in the business outsourcing industry, in the business and IT consulting segment.