ICP

What ICP does

ICP (India) Pvt. Ltd. is a Bangalore-headquartered manufacturer of fiber-reinforced polymer (FRP) composites and engineered signage, founded in 1984 by engineers from MICO-Bosch and India's National Aerospace Laboratories, establishing it as one of the earliest composites manufacturers in the country. The company operates two manufacturing units in the Bangalore metropolitan region — one in Bommasandra Industrial Area and one in KIADB Harohalli — together spanning roughly 30,000 sq ft, and runs an integrated process stack including pultrusion, filament winding, compression molding, SMC molding, light resin transfer molding (LRTM), and spray-up. Reinforcement inputs span glass, Kevlar, and carbon fiber, with matrix systems in epoxy, vinyl ester, polyester, and phenolic resins; the resulting catalog includes pultruded profiles, filament wound tubes, gratings, water tanks, chemical tanks, glass epoxy laminates, FRP waffle moulds, prefabricated cabins, thermoformed products, SMC components, and FRP sheets.

The company generates revenue through direct B2B hardware sales to enterprise customers in aerospace, construction, chemical processing, electrical/electronic, transportation, and oil-and-gas retail, plus a distinct engineered outdoor signage line (monoliths, pylons, facility signs, wall/canopy claddings) installed at over 600 retail sites across India for major oil companies. Pricing is quote-based per project, with no list pricing or published revenue; commercial activity is driven by inbound website enquiries rather than field sales coverage, and distribution runs directly from its Bangalore facilities with no disclosed channel partners or international footprint. Critical inputs are sourced from globally branded suppliers including Mitsubishi (Japan) for fluorocarbon-coated aluminum cladding, GE Lexan for UV-resistant polycarbonate, 3M and Avery Dennison for cast vinyl graphics, and CFTRI for food-grade resin certification on the water tank line. ICP is privately held with no identified outside investors, no parent company, and no subsidiaries; the founder serves as President of the Karnataka Association of FRP Industries (KAFI), and the company has stated cumulative growth of 45% over the last five years driven by inroads into aerospace and structural cladding.

Name

ICP

Legal name

ICP (India) Pvt. Ltd.

Website

https://icp-india.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ICP (India) Pvt. Ltd. is a Bangalore-based, 1984-founded manufacturer of fiber-reinforced polymer composites (pultruded profiles, tubes, gratings, tanks) and engineered outdoor signage, serving aerospace, construction, chemical, electrical, transportation, and oil-and-gas retail customers across India through direct project-based sales.

Ownership category

akta.pro rank

Product category

FRP / Composite Manufacturing

NAICS

Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing (32612), Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing (326130), Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing (32613)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

FRP/GRP & Composite Materials (Resins, Fibers, Core Materials) (IMAJAKAC)

Keywords

• Fiber reinforced polymer manufacturing
• FRP pultruded profiles
• Filament wound tubes
• Industrial composite signage
• GRP chemical tanks

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. FRP/Composite Product Manufacturing: Manufacturing and selling of fiber reinforced polymer (FRP) and composite products including pultruded profiles, filament wound tubes, gratings, tanks, and custom molded products for industrial applications. One-stop composite solution provider.
2. Signage Products: Manufacturing and installation of Monoliths, Pylons, Facility Signs, and Wall/Canopy Claddings for retail outlets, institutions, and oil company retail outlets across India.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ICP (India) Pvt. Ltd. manufactures and sells fiber reinforced polymer (FRP) composite products and outdoor signage structures. Its FRP/composites line includes pultruded profiles, filament wound tubes, gratings, water tanks, chemical tanks, glass epoxy laminates, SMC and LRTM molded parts, FRP sheets, waffle moulds, rods, and pre-fabricated cabins built with Glass, Kevlar, and Carbon Fiber. Its signage line produces monoliths, pylons, facility signs, and wall/canopy claddings for retail outlets and institutions.

Product overview

ICP (India) Pvt. Ltd. is a manufacturer of composite products and signage solutions founded in 1984. The company operates two product lines: FRP/Composites (including Pultruded Profiles, Filament Wound Tubes, Pultruded Gratings, FRP Water Tanks, FRP Chemical Tanks, Glass Epoxy Laminates, FRP Waffle Moulds, Glass Epoxy Rods, Pre-fabricated Cabins, Thermoforming Products, LRTM Products, SMC Molding Products, and FRP Sheets) and Signage (including Monoliths & Pylons, Facility Signs, and Wall/Canopy Claddings). The company uses Glass, Kevlar, and Carbon Fiber composites serving aerospace, construction, chemical, electrical, electronic, and transportation industries, with manufacturing facilities in Bangalore spanning 30,000 sq. ft.

Differentiator

Problem solved

Functional benefit

Products and services

• Pultruded Profiles High-strength fiberglass reinforced polymer (FRP) profiles manufactured via pultrusion, available in rods, tubes, angles, flats, I-sections, and U-channels with Epoxy, Vinyl Ester, Polyester, and Phenolic matrix options. Profiles up to 400mm wide and 200mm high with minimum 2.5mm wall thickness, at 20–25% the weight of steel. Sold to aerospace, construction, electrical, and industrial customers.
• Filament Wound Tubes Fiberglass tubes manufactured using filament winding technology, available up to 1500mm diameter and 3000mm length, with glass content of 55–75% and dielectric strength of 50 kV/25mm axial. Sold to industrial and electrical customers in glass epoxy and polyester variants.
• Pultruded Gratings Corrosion-resistant FRP gratings engineered for chemical, electronic, food, beverage, aircraft, automotive, plating, and textile industries, with 50% higher tensile strength than hot rolled steel, electrical insulation, and low thermal conductivity. Sold to industrial walkways, platforms, and sub-floor applications.
• FRP Water Tanks Hygienic water storage tanks made from food-grade resin certified by CFTRI, available in capacities from 250 to 10,000 liters, with tensile strength of 15000–20000 PSI, max use temperature of 150°C, UV stability, and resistance to rodent attack. Sold for drinking water and milk storage applications.
• FRP Chemical Tanks Fiberglass reinforced plastic tanks and process vessels built using spray-up and laminating technology for chemical storage applications, featuring corrosion resistance, fire-retardant FRP resin systems, and weighing 60% less than steel. Sold to chemical processing plants.
• Monoliths & Pylons Large outdoor signage structures up to 7.2m tall designed for retail outlets, manufactured with engineered steel structure, internal lighting, and aluminum cladding (imported from Mitsubishi with 10-year fluorocarbon paint guarantee). Engineered to withstand wind speeds over 55m/s. Over 600 units installed across India for major oil companies.
• Facility Signs Indoor and outdoor facility signage products for retail outlets and institutions, available in front lit and backlit options using cast vinyl from 3M and Avery Dennison and polycarbonate from GE Lexan.
• Wall/Canopy Claddings Customized illuminated indoor and outdoor signs made from Aluminum Composite Materials (ACM), Acrylic, Polycarbonate, and Flex, featuring front lit and backlit options for retail and institutional applications.
• Glass Epoxy Laminates Industrial-grade glass epoxy laminate materials for electrical and mechanical applications.
• FRP Waffle Moulds Fiber reinforced plastic moulds for waffle manufacturing applications.
• Glass Epoxy Rods Fiberglass epoxy rod products for industrial and electrical applications.
• Pre-fabricated Cabins Pre-fabricated cabin structures manufactured using fiberglass composite materials.
• SMC Molding Products Sheet Molding Compound (SMC) products including automotive hoods, battery boxes, machine covers, molded medical equipment, and molded panels.
• Light Resin Transfer Molding (LRTM) Products Composite components up to 100 liters in volume produced using Light Resin Transfer Molding technology.
• Thermoforming Products Products manufactured using vacuum thermoforming processes with fiberglass composite materials.
• FRP Sheets Fiberglass reinforced plastic sheet products for various industrial applications.

Quantifiable outcome

• 45% growth over last 5 years
• +5 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Five partnerships are on record, tiered minor.

• Mitsubishi (Japan)minorOthersAluminum cladding material is specially imported from Mitsubishi, Japan for monolith and pylon signage. The cladding has special 'Fluorocarbon' painting guaranteed for 10 years against fading.
• GE LexanminorOthersPolycarbonate material for logos is imported from GE Lexan and is UV resistant (protected against discoloration) for outdoor signage applications.
• 3MminorOthersCast vinyl from 3M is used for graphics on signage products, with 5-year guarantee against fading. 3M materials are used for generating desired lighting effects.
• Avery DennisonminorOthersCast vinyl from Avery Dennison is used for graphics on signage products.
• CFTRI (Central Food Technological Research Institute)minorOthersICP Water tanks are made from food grade resin certified by CFTRI for hygienic water storage applications.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Strongwell Corporation: US-based pioneer of pultruded FRP structural products (gratings, profiles, utility structures). Closest direct analog to ICP's pultrusion-led FRP profile and grating business, serving similar corrosion/electrical-insulation use cases across industrial customers.
• Creative Pultrusions Inc. Pultrusion-led producer of FRP structural profiles, grating, and custom composite shapes. Comparable technology base and focus on corrosion-resistant structural applications similar to ICP's pultruded offerings.
• Kineco Limited: India-based composite manufacturer offering filament-wound and pultruded FRP products for industrial, infrastructure, and aerospace customers. Comparable processes and Indian industrial-customer overlap with ICP.
• Bedford Reinforced Plastics: Manufacturer of pultruded FRP profiles, gratings, and structural shapes with multi-process capability (pultrusion, filament winding, molding). Highly comparable to ICP's FRP product breadth and industrial-customer focus.
• Fibrex Composites India Pvt. Ltd. Indian FRP/GRP manufacturer producing pultruded profiles, gratings, and molded products for industrial and infrastructure applications. Directly competes with ICP in the same domestic Indian market with comparable product types.

Broad incumbents

• Mahindra Composites (Mahindra CIE Automotive): Indian automotive and industrial composites producer with broader product scope and parent-group backing. Comparable technology footprint and Indian customer overlap, but materially larger scale and broader portfolio than ICP.
• Owens Corning Composite Solutions: Global leader in glass fiber reinforcements and composite materials serving the same industrial, construction, and transportation end-markets as ICP. Broad incumbent rather than direct head-to-head competitor due to its upstream/portfolio focus.
• Hexcel Corporation: Global aerospace-grade composite materials and structures supplier (carbon fiber, prepregs, honeycomb). Comparable in advanced composite capability to ICP's aerospace push but operates at vastly larger scale and with much deeper aerospace qualifications.
• Tata Advanced Materials Limited: Indian composites manufacturer focused on aerospace, defense, and industrial components with deep R&D and qualification heritage. Overlaps with ICP's aerospace and industrial FRP activities but operates with Tata-group scale and certifications ICP does not have.

Regional players

• Sign Solutions India / Signage Manufacturers Association peers: Indian outdoor signage and monolith manufacturers serving the same oil-retail and infrastructure-customer base as ICP's signage line. Direct comparison for ICP's monolith, pylon, and canopy-cladding revenue stream within India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICP