What we do ICDS Ltd operates in financial services focusing on dues recovery, share trading, property rentals, and insurance marketing while diversifying into fee-based activities. |
Founded in 1,971 |
Market share Strong presence with 42 branches and diversified portfolio including trading and insurance. |
Problem solved Facilitates financial asset recovery and provides diversified financial and insurance services. |
Top clients or who we serve Serves retail investors and insurance customers through B2C insurance distribution and financial recovery services. |
Key management Sujir Prabhakar (Chairman) leads with decades of financial expertise. |
Our journey and innovations Established in 1971 succeeding Syndicate Bank; diversified from NBFC to trading, rentals, and insurance; expanded branch network nationwide. |
Where we operate Primarily India with branches across Karnataka, Haryana, Andhra Pradesh, and other states. |
Top products or what we offer Financial recovery services, share and securities trading, insurance products distribution, rental income, hospitality ventures. |
Top brands Wall Street Instant Cash (group company agency), insurance products from LIC, ICICI Lombard, Shriram, Bajaj Allianz. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring from rentals and commission-based insurance sales; some cyclical elements in trading activities. |
Our industry position Well-established with diversified financial services and expanding insurance distribution business. |
Financial highlights FY2025 revenue ₹4.33 crore; profit after tax ₹0.81 crore; net worth ₹17.68 crore, showing steady growth over previous year. |
Geographical revenue split - |
Order book - |
Whats driving growth Focus on insurance distribution growth, diversified income streams, and efforts to regain NBFC registration. |
Our future plans Expand insurance sales through new agents, strengthen governance, and potentially resume NBFC operations pending regulatory approval. |
Our green promise - |
Our people and values Small dedicated team of 6, fostering compliance and ethical governance with strong board oversight. |
Key challenges ahead Regulatory hurdles in NBFC re-registration and need to realign business model for compliance. |
Interesting facts Successful transition from NBFC to diversified financial services over 50+ years with strong deposit accrual history. |
Risks and strategy Regulatory risks mitigated by governance improvements; strategy focuses on insurance expansion and compliance realignment. |
