Adhunik Corporation Limited

Manufactures sponge iron, alloy steel billets, and operates a wind farm plant.

1996 | Kolkata, West Bengal (India) | Active
Last Updated:

Adhunik Corporation Profile

Key Indicators

  • Authorised Capital ₹ 65.00 Cr
  • Paid Up Capital ₹ 31.48 Cr
  • Company Age 29 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 38.78 Cr
  • Satisfied Charges ₹ 868.67 Cr
  • Revenue Growth 36.46%
  • Profit Growth 15.34%
  • Ebitda 30.92%
  • Net Worth 3.60%
  • Total Assets 6.66%

About Adhunik Corporation

Adhunik Corporation Limited (ACL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 February 1996 and has a history of 29 years and one month. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Bhagirathi Ispat Private Limited. The Company is engaged in the Environment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 65.00 Cr and a paid-up capital of Rs 31.48 Cr.

The company currently has active open charges totaling ₹38.78 Cr. The company has closed loans amounting to ₹868.67 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Adhunik Corporation Limited India are Abhishek Kajoria as CFO and Mandeep Kaur as Company Secretary. Shilpi Modi, Niket Agarwal, Rama Gupta, and Two other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U27106WB1996PLC076992

  • Company No.

    076992

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Feb 1996

  • Date of AGM

    30 Nov 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Environment
Metals and Minerals

What products or services does Adhunik Corporation Limited offer?

Adhunik Corporation Limited offers a wide range of products and services, including Steel Pipes and Tubes, Industrial Steel Pipes, Steel & Stainless Steel Products, Stainless Steel Alloys, Automobile Fittings & Components, Automotive Spare Parts, Metal and Alloy Wires, Stainless Steel Wire, Steel Bars, Rods, Plates & Sheets, Steel Bars.

Who are the key members and board of directors at Adhunik Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Rama Gupta Country flag representing In Managing Director08-May-2019Current
Abhishek Kajoria CFO01-Dec-2022Current
Mandeep Kaur Country flag representing In Company Secretary08-Jul-2019Current

Board Members (4)

NameDesignationAppointment DateStatus
Shilpi Modi Country flag representing In Director 19-Apr-2019Current
Niket Agarwal Country flag representing In Director 18-Feb-2021Current
Sonam Agarwal Country flag representing In Director 25-Jan-2018Current
Sanjay Kaloya Country flag representing In Director 22-Oct-2017Current

Financial Performance of Adhunik Corporation.

Adhunik Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.46% increase. The company also saw a substantial improvement in profitability, with a 15.34% increase in profit. The company's net worth moved up by a moderate rise of 3.6%.

Adhunik Corporation revenue growth over time
Adhunik Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
36.46%
Revenue from Operations
36.57%
Total Assets
6.66%
Profit or Loss
15.34%
Net Worth
3.60%
EBITDA
30.92%

What is the Ownership and Shareholding Structure of Adhunik Corporation?

In 2023, Adhunik Corporation had a promoter holding of 100.00%. The company had 1 Joint Venture and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹38.78 Cr

Satisfied Charges

₹868.67 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India : 25.11 Cr
  • Canara Bank : 12.50 Cr
  • Hdfc Bank Limited : 0.71 Cr
  • Others : 0.46 Cr

Latest Charge Details

DateLenderAmountStatus
12 Jul 2024Bank Of India₹1.15 MOpen
15 Jun 2024Bank Of India₹25.00 CrOpen
31 May 2022Hdfc Bank Limited₹7.11 MOpen
15 Dec 2021Canara Bank₹5.60 MOpen
18 Sep 2021Others₹4.60 MOpen

How Many Employees Work at Adhunik Corporation?

Adhunik Corporation has a workforce of 204 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Adhunik Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Adhunik Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Adhunik Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Adhunik Corporation

Recent activity within the organization

  • Charges

    A charge with Bank Of India amounted to Rs. 0.11 Cr with Charge ID 100954635 was registered on 12 Jul 2024.

  • Charges

    A charge with Bank Of India amounted to Rs. 25.00 Cr with Charge ID 100947980 was registered on 15 Jun 2024.

  • Charges

    A charge registered on 29 Jun 2020 via Charge ID 100352221 with Hdfc Bank Limited was fully satisfied on 27 May 2024.

  • Annual General Meeting

    Adhunik Corporation Limited last Annual general meeting of members was held on 30 Nov 2023 as per latest MCA records.

  • Charges

    A charge with Canara Bank of Rs. 11.50 Cr registered on 27 Mar 2009 with Charge ID 10161606 was modified on 03 Nov 2023.

  • Charges

    A charge registered on 28 May 2009 via Charge ID 10161688 with State Bank Of India (Lead Bank) was fully satisfied on 09 Aug 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Adhunik Corporation Limited?

    Adhunik Corporation Limited was incorporated on 02 Feb 1996.

  • What is authorized share capital and paid-up capital of Adhunik Corporation Limited?

    The authorized share capital of Adhunik Corporation Limited is ₹ 65.00 Cr and paid-up capital is ₹ 31.48 Cr.

  • Who are the current board members & directors of Adhunik Corporation Limited?

    Currently 7 directors are associated with Adhunik Corporation Limited.

    • Shilpi Modi
    • Niket Agarwal
    • Rama Shankar Gupta
    • Abhishek Kajoria
    • Mandeep Kaur
    • Sonam Agarwal
    • Sanjay Kaloya

  • What is the registered address of Adhunik Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Adhunik Corporation Limited is 14 Netaji Subhas Road 2Nd Floor, India, Kolkata, West Bengal, 700001.

  • What is the corporate identification number (CIN) and company number of Adhunik Corporation Limited?

    The corporate identification number (CIN) of Adhunik Corporation Limited is U27106WB1996PLC076992 and the company number is 076992 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Adhunik Corporation Limited?

    The Official website of Adhunik Corporation Limited is https://www.incredibleindustries.co.in

  • What has been the recent revenue trend for Adhunik Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Adhunik Corporation Limited has risen by 36.46%.

  • How many employees does Adhunik Corporation Limited currently have?

    As Per 2023 financial reports, 204 employees are currently employed by Adhunik Corporation Limited.

  • What change has been observed in the net worth of Adhunik Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Adhunik Corporation Limited has experienced an upsurge of 3.60%.

  • What are the total open charges for Adhunik Corporation Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Adhunik Corporation Limited amount to ₹ 38.78 Cr.

  • When was the last Balance Sheet of Adhunik Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Adhunik Corporation Limited was filed with the ROC on 31 Mar 2023.

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