Corrtech Energy Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 16.80 Cr
- Company Age 24 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 65.26 Cr
- Satisfied Charges ₹ 527.53 Cr
- Revenue Growth -26.76%
- Profit Growth -19.10%
- Ebitda -8.82%
- Net Worth 13.95%
- Total Assets 14.45%
About Corrtech Energy
Corrtech Energy Limited (CEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 May 2000 and has a history of 24 years and nine months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Iec International Limited. The Company is engaged in the Energy And Power 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 25.00 Cr and a paid-up capital of Rs 16.80 Cr.
The company currently has active open charges totaling ₹65.26 Cr. The company has closed loans amounting to ₹527.53 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Corrtech Energy Limited India are Kalpit Thakkar as CFO and Akshit Soni as Company Secretary. Sandeep Mittal, Kavita Mittal, Amit Mittal, and Two other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U52330GJ2000PLC037925
- Company No.
037925
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
02 May 2000
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Corrtech Energy Limited offer?
Corrtech Energy Limited offers a wide range of products and services, including Architectural & Civil Engineering, Architectural Services, Electrical & Electronic Goods Repair, Motor Repair & Maintenance, Engine & Engine Spare Parts, Engine Components, Home Appliances Repair & Maintenance, Overhauling Service.
Who are the key members and board of directors at Corrtech Energy?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Mittal  | Managing Director | 02-May-2000 | Current |
| Kalpit Thakkar | CFO | Current | |
| Akshit Soni | Company Secretary | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vimal Patel | Director | 14-Mar-2022 | Current |
| Sanjay Verma | Director | Current | |
| Kavita Mittal | Director | 02-May-2000 | Current |
| Amit Mittal | Whole-Time Director | 02-May-2000 | Current |
Financial Performance of Corrtech Energy.
Corrtech Energy Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 26.76% decrease. The company also saw a substantial fall in profitability, with a 19.1% decrease in profit. The company's net worth Soared by an impressive increase of 13.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Corrtech Energy?
In 2023, Corrtech Energy had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Corrtech International LimitedSandeep Mittal, Amit Mittal and 2 more are mutual person
Control Plus Oil And Gas Solutions Private LimitedSandeep Mittal and Amit Mittal are mutual person
Mjb India Technical Services Private LimitedSandeep Mittal and Amit Mittal are mutual person
- Mjb India Industrial Repairs Private Limited
Sandeep Mittal and Amit Mittal are mutual person
- Iec Projects Limited
Sandeep Mittal, Kavita Mittal and 1 more are mutual person
- Techpro Edusys Private Limited
Sanjay Verma is a mutual person
Charges (Loans)
₹65.26 Cr
₹527.53 Cr
Charges Breakdown by Lending Institutions
- Others : 42.88 Cr
- Axis Bank Limited : 21.50 Cr
- Dewan Housing Finance Corporation Limited : 0.70 Cr
- Hdfc Bank Limited : 0.18 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2024 | Others | ₹1.42 Cr | Open |
| 28 Jun 2024 | Others | ₹2.00 Cr | Open |
| 26 Jun 2024 | Others | ₹5.43 M | Open |
| 09 Nov 2022 | Others | ₹33.20 Cr | Open |
| 05 Nov 2022 | Hdfc Bank Limited | ₹1.83 M | Open |
How Many Employees Work at Corrtech Energy?
Corrtech Energy has a workforce of 387 employees as of Apr 07, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Corrtech Energy, 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 Corrtech Energy's trajectory.
Rating
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
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.
