About Sico Udyog Private Limited
Data last updated:
Sico Udyog Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 23 March 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19200MH1987PTC042952. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.98 Lakh. It is led by directors including Rajeshwari Jayant Shah and Jinal Bhavik Shah.
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 Swastik Compound Rambaug Chincholi Bunder Rd Malad (W), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.74 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹8.43 Lakh (net margin -125%) and EBITDA of -₹8.38 Lakh (EBITDA margin -124.3%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹47.95 Lakh and satisfied charges of ₹1.5 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sicosafetyshoes.com.
Company details
Contact details
Sico Udyog Private Limited's registered office is in Mumbai, Maharashtra. Its website is sicosafetyshoes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSwastik Compound Rambaug Chincholi Bunder Rd Malad (W), Mumbai, Maharashtra, India – 400064
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Sico Udyog Private 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
Business activity
The main business activity of Sico Udyog is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sico Udyog Private Limited, buy the company report.
Financials of Sico Udyog Private Limited
FY 2025 filings availableSico Udyog Private Limited reported revenue of ₹6.74 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹8.38 Lakh | ||||
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| Net Profit (PAT) | -₹8.43 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -124.3% | ||||
| Net Profit Margin | -125% | ||||
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To see the full financial statements and ratios of Sico Udyog Private Limited, buy the company report.
Board of directors of Sico Udyog Private Limited
Sico Udyog has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshwari Jayant Shah Also directs: Sico Vinyl Private Limited | Director | 29 Sep 2007 | 19 Years 1 Months | Current |
| Jinal Bhavik Shah Also directs: Sico Vinyl Private Limited | Director | 30 Sep 2006 | 20 Years 1 Months | Current |
| Bhavik Jayant Shah Also directs: Sico Vinyl Private Limited | Director | 01 Apr 2000 | 26 Years 7 Months | Current |
Auditor
Sico Udyog Private Limited is audited by Jignesh Savla & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jignesh Savla & Associates | FY 2015 |
Shareholding
The shareholding of Sico Udyog Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sico Udyog Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 1995 | 90212662 | Bank of India | ₹17 Lakh | Open | |
| 09 May 1995 | 90215447 | Bank of India | ₹14 Lakh | Open | |
| 09 May 1993 | 90212367 | Bank of India | ₹14 Lakh | Open | |
| 22 Sep 1989 | 90211978 | Bank of India | ₹2.95 Lakh | Open | |
| 21 Oct 2010 | 10258179 | The Malad Sahakari Bank Limited | ₹15.95 Lakh | Satisfied |
To see the full charge records of Sico Udyog Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Sico Udyog Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed against the company by M/S. Swastik Industries and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Mumbai Municipal Corporation P-North Ward | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Cont.Nt) | Filed against the company by individuals | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAE) | Filed against the company by individuals | Disposed |
To see the full case history of Sico Udyog 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sico Udyog Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sico Udyog has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
Sico Udyog has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sico Udyog Private Limited, buy the company report.
Recent activity
Sico Udyog Private Limited has 5 board changes on record since 2000: 3 appointments and 2 cessations. The latest: Jayant Hirji Shah ceased to be Director on 14 Dec 2013.
25 earlier events are in the company report.
Frequently asked questions
Sico Udyog is an active private limited company based in Mumbai, Maharashtra, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 23 March 1987 (39+ years old) and is registered under CIN U19200MH1987PTC042952.
Sico Udyog has 3 current directors:
- Rajeshwari Jayant Shah - Director
- Jinal Bhavik Shah - Director
- Bhavik Jayant Shah - Director
The latest financial statements of Sico Udyog 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 2015 are in the company report.
No. Sico Udyog has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sico Udyog is U19200MH1987PTC042952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sico Udyog has 4 court cases on record: 4 filed against it. 1 is pending.
Sico Udyog was incorporated on 23 March 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayant Hirji Shah ceased to be Director on 14 Dec 2013. Rajeshwari Jayant Shah was appointed as Director on 29 Sep 2007. Rasik Hirji Shah ceased to be Director on 28 Sep 2007. Sico Udyog has 5 board changes on record in total.
Sico Udyog can be reached through the website sicosafetyshoes.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sico Udyog is at Swastik Compound Rambaug Chincholi Bunder Rd Malad W, Mumbai, Maharashtra, India – 400064.
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