About Sicom Limited
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Sicom Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 31 March 1966 and has been in existence for over 60 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1966PLC013459. Its GSTIN is 27AAACS5524J1ZA (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹60.77 Cr. It was formerly known as The State Industrial and Investment Corporation of Maharashtra Limited. It is led by directors including Vivek Laxmikant Bhimanwar (Managing Director) and Chetna Mehul Vasani (Nodal Officer).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Solitaire Corporate Park Building No. 4 Guru Hargovindji Road Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.2 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹619.43 Cr and EBITDA of -₹28.29 Cr (EBITDA margin -51.2%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 17% over five years.
The company has about 42 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: SICOM Limited. As per MCA filings, the company has open charges of ₹4,070 Cr and satisfied charges of ₹7,897 Cr on record. Court records list 2,579 cases involving the company, including 1,741 filed by the company and 838 filed against it; 310 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹64.87 Cr; the latest was in March 2014. Its 9 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 4 smaller; the largest is Finquest Financial Solutions Private Limited with revenue of ₹56.37 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sicomindia.com.
Company details
CIN history
Sicom has one previous CIN (Corporate Identification Number): L65990MH1966PLC013459. The current CIN is U65990MH1966PLC013459, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1966PLC013459 | Current |
| L65990MH1966PLC013459 | Previous |
Contact details
Sicom Limited's registered office is in Mumbai, Maharashtra. Its website is sicomindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSolitaire Corporate Park Building No. 4 Guru Hargovindji Road Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Sicom 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
Brands
Sicom operates one associated brand: SICOM Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Project finance and corporate loans are provided in India. | sicomindia.com |
Business activity
The main business activity of Sicom is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Sicom Limited, buy the company report.
Financials of Sicom Limited
FY 2024 filings availableSicom Limited reported revenue of ₹55.2 Cr (down 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 43% fall in the latest year. EBITDA fell 133% 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 |
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| EBITDA | -₹28.29 Cr | ||||
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| Net Profit (PAT) | -₹619.43 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.2% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Sicom Limited, buy the company report.
Board of directors and KMP of Sicom Limited
Sicom Limited currently reports 10 directors and 1 key managerial person. 61 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Gupta | Nominee Director | 20 Jul 2010 | 16 Years 3 Months | Current |
| Vivek Laxmikant Bhimanwar Also directs: Maharashtra Airport Development Company Limited, Sicom Investments & Finance Limited, Sicom Realty Limited and 1 more | Managing Director | 01 Jul 2025 | 1 Years 3 Months | Current |
| Pvelrasu | Nominee Director | 30 Aug 2024 | 2 Years 1 Months | Current |
| Deependra Singh Kushwah | Nominee Director | 16 Nov 2022 | 3 Years 11 Months | Current |
| Nitin Mahajan Pralhad | Cfo | 26 Apr 2022 | 4 Years 5 Months | Current |
| Anbalagan Ponnusamy Also directs: Mahanagar Gas Limited, U C M Coal Company Limited, Pune (Purandar) International Airport Limited and 5 more | Nominee Director | 24 Dec 2024 | 1 Years 9 Months | Current |
Peer comparison
Sicom Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finquest Financial Solutions Private Limited | ₹56.37 Cr (FY 2024) | 2349.0% | Mumbai, Maharashtra, India | |||
| Thar Commercial Finance Private Limited | ₹55.98 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Adventz Finance Private Limited | ₹55.75 Cr (FY 2019) | -22.0% | Kolkata, West Bengal, India | |||
| Tamilnadu Urban Finance and Infrastructure Development Corporation Limited | ₹55.74 Cr (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Abs Portfolio Pvt Ltd | ₹55.57 Cr (FY 2025) | 1646.0% | Kolkata, West Bengal, India | |||
| Sicom Limitedthis company | ₹55.2 Cr (FY 2025) | -₹619.43 Cr | -43.0% | 42 | Mumbai, Maharashtra, India | |
| Iti Credit Limited | ₹55.1 Cr (FY 2025) | 110.0% | Mumbai, Maharashtra, India | |||
| Valuvanadu Capital Limited | ₹54.63 Cr (FY 2025) | 85.0% | New Delhi, Delhi, India | |||
| Idf Financial Services Private Limited | ₹54.62 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Amritkunj Capital Markets Ltd | ₹54.17 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sicom Limited, buy the company report.
Auditor
Sicom Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2018 | 304026E/E-300009 |
Shareholding
The shareholding of Sicom 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 Sicom Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2056 | 90243955 | Central Bank of India | ₹50 Cr | Open | |
| 20 Feb 2007 | 10040031 | The Bank of Rajasthan Limited | ₹20 Cr | Open | |
| 20 Feb 2003 | 90242411 | Idbi Trusteeship Services Limited | ₹4,000 Cr | Open | |
| 26 May 2017 | 100107576 | Lakshmi Vilas Bank Limited | ₹25 Cr | Satisfied | |
| 29 Jun 2015 | 10589321 | Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Sicom Limited, buy the company report.
Total charge records: 68 View all charges
Deals & funding
Sicom Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹64.87 Cr; the latest was in March 2014.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: JSW Steel Limited Seller: Jindal Vijayanagar Steel Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: JC Flowers & Co, Gabbro Limited Seller: JC Flowers & Co, Others- Sicom Limited |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Gabbro Limited Seller: JSW Ispat Steel Limited , The Supreme Industries Limited , Chi Investments Limited |
| Mar 2008 | Funding round | ₹2.15 Cr | Investors: JC Flowers & Co |
| Mar 2006 | Funding round | ₹60.72 Cr | Investors: Government of Maharashtra, JC Flowers & Co, Gabbro Limited |
To see the full deal history of Sicom Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sicom Limited has 2,579 court cases on record: 1,741 filed by Sicom, 838 filed against it. 310 cases are pending and 2,269 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,398 | 650 | 128 |
| District courts | 1,122 | 140 | 178 |
| Supreme Court | 40 | 33 | 0 |
| NCLAT | 16 | 12 | 4 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 2,579)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (OSA) | Filed against the company by Omkara Assets Reconstruction Private Limited | Pending |
| District court, Nashik, Maharashtra | Commercial suit | Filed against the company by Kitply Industries Limited | Pending |
| District court, Thane, Maharashtra | Arbitration matter | Filed by the company against Leaf Biotech Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Sethia Infrastructures Pvt. Ltd. and Anr. and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Sethia Infrastructures Pvt. Ltd. and Anr. | Pending |
To see the full case history of Sicom 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 Sicom Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sicom has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sicom Capital Management Private Limited | U15999PN1996PTC099021 | |
| Sicom Investments & Finance Limited | U65922MH1996PLC096684 | |
| Sicom Realty Limited | U70102MH2007PLC172215 | |
| Sicom Arc Limited | U74999MH2001PTC131469 | |
| Sicom Trustee Company Private Limited | U74999PN1997PTC108991 |
To see the full group structure of Sicom Limited, buy the company report.
Employees & EPFO
Sicom Limited has a workforce of 42 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sicom has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5524J1ZA | Maharashtra | Active | 01 Jul 2017 |
| 07AAACS5524J1ZC | Delhi | Active | 21 Feb 2018 |
To see the full GST registrations and return filing status of Sicom Limited, buy the company report.
Recent activity
Sicom Limited has 70 board changes on record since 2008: 11 appointments and 59 cessations. The latest: Harold Lawrence Dcosta ceased to be Additional Director on 29 Sep 2025.
199 earlier events are in the company report.
News
Frequently asked questions
Sicom is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 31 March 1966 (60+ years old) and is registered under CIN U65990MH1966PLC013459.
Sicom has 11 current directors and KMP:
- Vivek Laxmikant Bhimanwar - Managing Director
- Rahul Gupta - Nominee Director
- Pvelrasu - Nominee Director
- Deependra Singh Kushwah - Nominee Director
- Anbalagan Ponnusamy - Nominee Director
- Siddharth Saumil Mehta - Director
- Sandeep Mukund Chitnis - Director
- Ashok Anant Paranjpe - Director
- Harold Lawrence Dcosta - Director
- Nitin Mahajan Pralhad - Cfo
- Chetna Mehul Vasani - Nodal Officer
The latest financial statements of Sicom on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sicom is 27AAACS5524J1ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAACS5524J1ZC (Delhi).
The CIN (Corporate Identification Number) of Sicom is U65990MH1966PLC013459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sicom has 2,579 court cases on record: 1,741 filed by the company and 838 filed against it. 310 are pending. Most are in the high courts.
Sicom was incorporated on 31 March 1966, making it 60+ years old. It is registered with the Registrar of Companies, Mumbai.
Sicom has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹64.87 Cr; the latest was in March 2014.
The peers of Sicom by revenue are Finquest Financial Solutions Private Limited, Thar Commercial Finance Private Limited, Adventz Finance Private Limited, Tamilnadu Urban Finance and Infrastructure Development Corporation Limited, Abs Portfolio Pvt Ltd and 4 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Harold Lawrence Dcosta ceased to be Additional Director on 29 Sep 2025. Pvelrasu ceased to be Additional Director on 29 Sep 2025. Siddharth Saumil Mehta ceased to be Additional Director on 29 Sep 2025. Sicom has 70 board changes on record in total.
Sicom can be reached through the website sicomindia.com. Its registered office is in Mumbai, Maharashtra, India.