Edac Engineering Profile
Key Indicators
- Authorised Capital ₹ 197.20 Cr
- Paid Up Capital ₹ 167.39 Cr
- Company Age 37 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 61.93 Cr
- Satisfied Charges ₹ 312.70 Cr
- Revenue Growth -40.82%
- Profit Growth -141.23%
- Ebitda -75.73%
- Net Worth -3.48%
- Total Assets -15.49%
About Edac Engineering
Edac Engineering Limited (EEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 26 June 1987 and has a history of 37 years and seven months. Its registered office is in Tamilnadu, Tamil Nadu, India.
The Corporate was formerly known as Spic Jel Engineering 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 197.20 Cr and a paid-up capital of Rs 167.39 Cr.
The company currently has active open charges totaling ₹61.93 Cr. The company has closed loans amounting to ₹312.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Edac Engineering Limited India are Subramanian Sankaranarayanan as CFO and Sanghamitra Sarangi as Company Secretary. Balasubramanian Valavan, Soundaram Asokan, Sashikala Srikanth, and One other member serve as directors at the Company.
Company Details
- Location
Tamilnadu, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45201TN1987PLC014584
- Company No.
014584
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Jun 1987
- Date of AGM
27 Oct 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Edac Engineering Limited offer?
Edac Engineering Limited offers a wide range of products and services, including Chemical Plants & Machinery, Petrochemical Refineries, Turnkey Consultants & Solutions, Industrial project consultants, Power Project Consultancy Services, Electrical & Signaling Contractors, Power Engineering Service, Plant Design & Installation Services, Plant & Equipment Erection Services, Repair & Maintenance Services.
Who are the key members and board of directors at Edac Engineering?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Subramanian Sankaranarayanan | CFO | 03-Jul-2023 | Current |
Sanghamitra Sarangi  | Company Secretary | 21-Feb-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Balasubramanian Valavan | Whole-Time Director | 19-Aug-2021 | Current |
| Soundaram Asokan | Director | 29-Jul-2019 | Current |
| Sashikala Srikanth | Additional Director | 29-Jul-2019 | Current |
| Sethuramalingam Venkataraman | Additional Director | 14-Dec-2022 | Current |
Financial Performance of Edac Engineering.
Edac Engineering Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 40.82% decrease. The company also saw a substantial fall in profitability, with a 141.23% decrease in profit. The company's net worth dipped by a decrease of 3.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Edac Engineering?
In 2022, Edac Engineering had a promoter holding of 95.75% and a public holding of 4.25%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Am FoundationSashikala Srikanth is a mutual person
Tamilnadu Petroproducts LimitedSashikala Srikanth is a mutual person
Tuticorin Alkali Chemicals And Fertilizers LimitedSashikala Srikanth is a mutual person
Mercantile Ventures LimitedSashikala Srikanth is a mutual person
Trust Properties Development Co Private LimitedSashikala Srikanth is a mutual person
- Sai Saranagathi Charitable Foundation
Sashikala Srikanth is a mutual person
Charges (Loans)
₹61.93 Cr
₹312.70 Cr
Charges Breakdown by Lending Institutions
- Idbi Bank Limited : 50.00 Cr
- Others : 11.78 Cr
- Standard Chartered Bank : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2021 | Others | ₹0.85 M | Open |
| 26 Mar 2021 | Others | ₹2.22 M | Open |
| 26 Mar 2021 | Others | ₹4.05 M | Open |
| 29 Feb 2020 | Others | ₹1.63 Cr | Open |
| 10 Jan 2020 | Others | ₹4.65 M | Open |
How Many Employees Work at Edac Engineering?
Edac Engineering has a workforce of 216 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 Edac Engineering, 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 Edac Engineering'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.
