Promoter holding
64.27%
IT
Icicle Technologies - Due diligence report
A 360° intelligence report on Icicle Technologies: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Icicle Technologies — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
Icicle Technologies is assessed as Moderate with a Trust Score of 64/100. Icicle Technologies is an active private limited indian non-government company incorporated in 2004, operating in the Information Technology sector. The company has shown revenue growth 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 moderate financial risk profile.
Report generated on 22 Sep 2026 from the latest processed filings. Icicle Technologies Private Limited snapshot & full profile →
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 & explainableTrust 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 ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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 accessScores 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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 1 open (25.00 Lakh) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Corporation Bank | 1 | 48.0 cr |
Compliance Score: 55/100 Moderate
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2021 - filings overdue.
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY AMRUTLAL PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANJALI CHANDRA SHEKHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRASHEKHAR LAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVEEN WICLIFF GOTTUMUKKALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- ANJALI CHANDRA SHEKHAR has DIN status "Disqualified by RoC u/s 164(2)".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2021 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
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Subsidiaries
-
Group entities
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Capital events
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Promoters hold a majority stake - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 22+ years.
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).
1 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor 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 assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 25.00 Lakh already registered.
- Compliance gaps should be priced into terms.
Investor view68/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 8 events30 Nov 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
20 Mar 2008
Charge created
Corporation Bank - 25.00 Lakh
01 Apr 2005
Director appointed
ANJALI CHANDRA SHEKHAR (Director)
Director appointed
CHANDRASHEKHAR LAL (Director)
09 Mar 2004
Incorporated
Registered with Roc Mumbai
Director appointed
SANJAY AMRUTLAL PATEL (Director)
Director appointed
PRAVEEN WICLIFF GOTTUMUKKALA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Reefin Solutions India Private Limited | U72900PN2016PTC158360 | Pune City, Maharashtra, India |
| Cartel Software Private Limited | U72200TG2009PTC064157 | Hyderabad, Telangana, India |
| Takeleap Tech Private Limited | U72200TN2015PTC102061 | Chennai, Tamil Nadu, India |
| Revere Infotech India Private Limited | U72200MP2012PTC029074 | Bhopal, Madhya Pradesh, India |
| Gleevoaz Consulting Private Limited | U72200DL2018PTC332755 | New Delhi, Delhi, India |
| Parity Media Private Limited | U92100GJ2013PTC073690 | Ahmedabad, Gujarat, India |
| Rensol Technologies Private Limited | U72900DL2011PTC215830 | East Delhi, Delhi, India |
| Softborne | U72900TN2013PTC091805 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Icicle Technologies 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 Icicle Technologies: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Icicle Technologies - 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 Icicle Technologies pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Icicle Technologies - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Icicle Technologies an active company?
Icicle Technologies has MCA status “Active” with a compliance score of 55/100 (Moderate).
Is Icicle Technologies financially healthy?
Icicle Technologies has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Icicle Technologies?
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 Icicle Technologies?
Promoters hold a majority stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Icicle Technologies have loans or charges against its assets?
1 open charge(s) are registered against its assets.
Is Icicle Technologies up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 55/100 (Moderate).
Is it risky to lend to Icicle Technologies?
Its Credit Risk Score is 60/100 (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.
