Economic Explosives Profile
Key Indicators
- Authorised Capital ₹ 6.60 Cr
- Paid Up Capital ₹ 4.80 Cr
- Company Age 29 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 931.05 Cr
- Satisfied Charges ₹ 264.21 Cr
- Revenue Growth 61.64%
- Profit Growth 114.99%
- Ebitda 68.23%
- Net Worth 31.39%
- Total Assets 20.86%
About Economic Explosives
Economic Explosives Limited (EEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 August 1995 and has a history of 29 years and five months. Its registered office is in Nagpur, Maharashtra, India.
The Company is engaged in the Aerospace, Maritime And Defense 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 6.60 Cr and a paid-up capital of Rs 4.80 Cr.
The company currently has active open charges totaling ₹931.05 Cr. The company has closed loans amounting to ₹264.21 Cr, as per Ministry of Corporate Affairs (MCA) records.
Dilip Patel, Madhu Vij, Manish Nuwal, and Three other members serve as directors at the Company.
Company Details
- Location
Nagpur, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
- Apps
Corporate Identity Details
- CIN/LLPIN
U24292MH1995PLC091808
- Company No.
091808
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Aug 1995
- Date of AGM
19 Jun 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Economic Explosives?
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dilip Patel  | Director | 20-Feb-2015 | Current |
| Madhu Vij | Director | 08-May-2019 | Current |
| Manish Nuwal | Whole-Time Director | 01-Sep-2008 | Current |
| Satyanarayan Nuwal | Whole-Time Director | 16-Aug-1995 | Current |
| Natrajh Ramakrishna | Director | 03-Mar-2023 | Current |
| Vasudhesh Arya | Whole-Time Director | 02-Nov-2023 | Current |
Financial Performance of Economic Explosives.
Economic Explosives Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 61.64% increase. The company also saw a substantial improvement in profitability, with a 114.99% increase in profit. The company's net worth Soared by an impressive increase of 31.39%.
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What is the Ownership and Shareholding Structure of Economic Explosives?
In 2022, Economic Explosives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vastu Finserve India Private LimitedNatrajh Ramakrishna is a mutual person
Singer India LimitedMadhu Vij is a mutual person
Phd Chamber Of Commerce And IndustrySatyanarayan Nuwal is a mutual person
Malladi Drugs And Pharmaceuticals LimitedDilip Patel is a mutual person
India1 Payments LimitedNatrajh Ramakrishna is a mutual person
Rajasthan Explosives And Chemicals LimitedDilip Patel and Madhu Vij are mutual person
Charges (Loans)
₹931.05 Cr
₹264.21 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 931.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2019 | Idbi Trusteeship Services Limited | ₹931.05 Cr | Open |
| 24 Mar 2014 | State Bank Of India | ₹61.00 Cr | Satisfied |
| 27 Jan 2012 | State Bank Of India | ₹46.01 Cr | Satisfied |
| 31 Aug 2006 | State Bank Of India | ₹95.30 Cr | Satisfied |
| 03 Sep 2002 | State Bank Of India | ₹60.07 Cr | Satisfied |
How Many Employees Work at Economic Explosives?
Economic Explosives has a workforce of 1802 employees as of Apr 06, 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 Economic Explosives, 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 Economic Explosives'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.
