Economic Explosives Profile
Key Indicators
- Authorised Capital ₹ 6.60 Cr
- Paid Up Capital ₹ 4.80 Cr
- Company Age 29 Year, 6 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 six 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
Aerospace, Maritime and Defense
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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)
Open Charges
₹931.05 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Economic Explosives
Recent activity within the organization
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 931.05 Cr registered on 14 Aug 2019 with Charge ID 100282342 was modified on 05 Mar 2024.
- Director Appointment
Vasudhesh Arya was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Nov 2023 & has been associated with this company since 1 year 4 months .
- Annual General Meeting
Economic Explosives Limited last Annual general meeting of members was held on 19 Jun 2023 as per latest MCA records.
- Balance Sheet
Economic Explosives Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Natrajh Ramakrishna was appointed as a Director was appointed as a Director on 03 Mar 2023 & has been associated with this company since 1 year 11 months .
- Charges
A charge registered on 24 Mar 2014 via Charge ID 10485310 with State Bank Of India was fully satisfied on 19 Aug 2019.
Recent News, Updates & Announcement
- Solar Industries Q4 net up 20% at Rs 66 crore.
The industrial explosives maker had posted a net profit of Rs 54.93 crore in the same quarter last year..
Frequently asked questions
What is the Incorporation or founding date of Economic Explosives Limited?
Economic Explosives Limited was incorporated on 16 Aug 1995.
What is authorized share capital and paid-up capital of Economic Explosives Limited?
The authorized share capital of Economic Explosives Limited is ₹ 6.60 Cr and paid-up capital is ₹ 4.80 Cr.
Who are the current board members & directors of Economic Explosives Limited?
Currently 6 directors are associated with Economic Explosives Limited.
- Dilip Keshavlal Patel
- Madhu Vij
- Manish Satyanarayan Nuwal
- Satyanarayan Nandlal Nuwal
- Natrajh Ramakrishna
- Vasudhesh Arya
What is the registered address of Economic Explosives Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Economic Explosives Limited is 11 Zade Layout Bharat, India, Nagpur, Maharashtra, 440033.
What is the corporate identification number (CIN) and company number of Economic Explosives Limited?
The corporate identification number (CIN) of Economic Explosives Limited is U24292MH1995PLC091808 and the company number is 091808 as per Ministry of Corporate Affairs (MCA).
What is the official website of Economic Explosives Limited?
The Official website of Economic Explosives Limited is https://www.solargroup.com
What has been the recent revenue trend for Economic Explosives Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Economic Explosives Limited has risen by 61.64%.
How many employees does Economic Explosives Limited currently have?
As Per 2022 financial reports, 1802 employees are currently employed by Economic Explosives Limited.
What change has been observed in the net worth of Economic Explosives Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Economic Explosives Limited has experienced an upsurge of 31.39%.
What are the total open charges for Economic Explosives Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Economic Explosives Limited amount to ₹ 931.05 Cr.
When was the last Balance Sheet of Economic Explosives Limited filed with the ROC?
The most recent Balance Sheet for Economic Explosives Limited was filed with the ROC on 31 Mar 2023.
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