Ic India Private Limited - Due diligence report

A 360° intelligence report on Ic India Private Limited: trust score, financial health, credit view, compliance, directors, growth and distre…

2013-06-26 Bangalore, Karnataka Active Unlisted Active Compliant
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II Ic India Private Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Ic India Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Ic India Private Limited is assessed as Moderate with a Trust Score of 64/100. Ic India Private Limited is an active private limited indian non-government company incorporated in 2013, operating in the Infrastructure and Utilities sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 18 Jul 2026 from the latest processed filings. Ic India Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
55/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (B+).

Charges position: 5 open (43.58 cr) · 1 satisfied (20.75 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited3 48.0 cr
Axis Bank Limited2 48.0 cr
Others1 48.0 cr
Compliance Score: 55/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 5 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (5)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
LAKSHMEESHA MANJUNATHA 01234567 Director 01/04/2018 6 yrs Approved
SANGEETHA NAVEEN KUMAR 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • LAKSHMEESHA MANJUNATHA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 2 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Statutory filings appear overdue.
Compliance score is weak (55/100).
5 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence58/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment59/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 43.58 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
31 Mar 2025
Director appointed
LAKSHMEESHA MANJUNATHA (Director)
18 Oct 2023
Director appointed
SANGEETHA NAVEEN KUMAR (Director)
02 Oct 2023
Director ceased
BASAVARAJ VEDHA PRABHU NAVEENKUMAR
30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
09 Mar 2023
Charge created
Hdfc Bank Limited - 1.28 cr
18 Nov 2021
Director ceased
ABHINANDAN RAVIKUMAR
17 Nov 2021
Charge satisfied
Axis Bank Limited
11 Nov 2021
Director ceased
BHARATH VISHNU MURTHY
25 Oct 2021
Charge created
Hdfc Bank Limited - 35.40 cr
18 Aug 2021
Charge created
Axis Bank Limited - 28.44 Lakh
31 Mar 2021
Share transfer (FY 2021)
1000.00000000 shares to DEVRAJ RAMAREDDY
Share transfer (FY 2021)
4000.00000000 shares to BASAVARAJ VEDHA PRABHU NAVEENKUMAR
13 Mar 2021
Director ceased
HEMANTH LINGARAJU
25 Jan 2021
Director ceased
SANGEETHA NAVEEN KUMAR
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B+ from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ariisto Realtors Development Private Limited U45202MH2002PTC135915 Goregaon West, Maharashtra, India
Sbj Concrete Solution Private Limited U45309HR2019PTC084157 Gurugram, Haryana, India
Saakaar Constructions U00502BR1996PTC007493 Patna, Bihar, India
D.G.S Township Private Limited U74120MH2014PTC254452 Mumbai, Maharashtra, India
Aneja Constructions (India) Private Limited U74899DL1995PTC073219 Delhi, Delhi, India
Hagwood Commercial Developers Private Limited U45201MH2006PTC164110 Mumbai, Maharashtra, India
Greenfield Housing India Private Limited U45201TZ2012PTC018919 Erode, Tamil Nadu, India
Modi Builders U45200TG2007PTC053309 Hyderabad, Telangana, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Ic India Private Limited before audits and certifications: compliance score 55/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ic India Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Ic India Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Ic India Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Ic India Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ic India Private Limited an active company?

Ic India Private Limited has MCA status “Active” with a compliance score of 55/100 (Moderate).

Is Ic India Private Limited financially healthy?

Ic India Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Ic India Private Limited?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ic India Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Ic India Private Limited have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Ic India Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 55/100 (Moderate).

Is it risky to lend to Ic India Private Limited?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.