Elecon Engineering Company Profile
Key Indicators
- Authorised Capital ₹ 178.00 Cr
- Paid Up Capital ₹ 22.44 Cr
- Company Age 65 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 663.50 Cr
- Satisfied Charges ₹ 3,631.00 Cr
- Revenue Growth 35.72%
- Profit Growth 96.98%
- Ebitda 52.36%
- Net Worth 18.93%
- Total Assets -1.37%
About Elecon Engineering Company
Elecon Engineering Company Limited (EECL) was founded in India on 11 January 1960 and has a glorious history of 65 years and four months. Its registered office is in Anand, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505700 and on the National Stock Exchange(NSE) under ELECON.
The Corporate was formerly known as The Elecon Engineering Company Private Limited. The Company is engaged in the Machinery And Equipment 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 178.00 Cr and a paid-up capital of Rs 22.44 Cr.
The company currently has active open charges totaling ₹663.50 Cr. The company has closed loans amounting to ₹3,631.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Elecon Engineering Company Limited India are Bharti Isarani as COMPANY SECRETARY and Narasimhan R as Cfo. Aayush Shah, Prashant Amin, Pranav Amin, and Five other members serve as directors at the Company.
Company Details
- Location
Anand, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Machinery and Equipment
What products or services does Elecon Engineering Company Limited offer?
Elecon Engineering Company Limited offers a wide range of products and services, including Elevators & Escalators, Elevator Part, Conveyor Systems & Components, Screw Conveyors, Material Handling Machines & Systems, Material Handling Equipments, Warehouse Stacker, Gearbox, Axle, Sprocket & Gear Parts, Industrial Gearboxes, Process Control Systems & Equipments.
Elecon Engineering Company Limited
Explore comprehensive data for Elecon Engineering Company Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Elecon Engineering Company?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bharti Isarani  | Company Secretary | 11-Jul-2018 | Current |
| Narasimhan R | CFO | 08-Mar-2020 | Current |
| Prayasvin Patel | Managing Director | 01-Jul-2011 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pranav Amin | Director | 27-May-2021 | Current |
| Ashutosh Pednekar | Director | 01-Jul-2022 | Current |
| Aayush Shah | Director | 25-Apr-2023 | Current |
Prashant Amin  | Director | 29-Jul-2008 | Current |
| Nirmal Bhogilal | Director | 15-Apr-2024 | Current |
| Pradip Patel | Director | 14-Nov-1977 | Current |
Financial Performance of Elecon Engineering Company.
Elecon Engineering Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 35.72% increase. The company also saw a substantial improvement in profitability, with a 96.98% increase in profit. The company's net worth Soared by an impressive increase of 18.93%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Elecon Engineering Company?
In 2023, Elecon Engineering Company had a promoter holding of 59.29% and a public holding of 40.72%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vijay M. Mistry Construction Private LimitedPrayasvin Patel and Pradip Patel are mutual person
Tech Elecon Private LimitedPrayasvin Patel and Pradip Patel are mutual person
Prayas Engineering LimitedPrayasvin Patel is a mutual person
M & B Engineering LimitedSonal Ambani is a mutual person
Modsonic Instruments Manufacturing Company Private LimitedAayush Shah and Prayasvin Patel are mutual person
Fairchem Organics LimitedSonal Ambani is a mutual person
Charges (Loans)
Open Charges
₹663.50 Cr
Satisfied Charges
₹3,631.00 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 641.50 Cr
- Others : 22.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2023 | Others | ₹22.00 Cr | Open |
| 17 Jan 1991 | Sbicap Trustee Company Limited | ₹641.50 Cr | Open |
| 28 Apr 2021 | Others | ₹35.00 Cr | Satisfied |
| 28 Feb 2019 | Others | ₹1.52 M | Satisfied |
| 08 Feb 2019 | Others | ₹100.00 Cr | Satisfied |
How Many Employees Work at Elecon Engineering Company?
Elecon Engineering Company has a workforce of 690 employees as of Apr 01, 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 Elecon Engineering Company, 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 Elecon Engineering Company'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 Elecon Engineering Company
Recent activity within the organization
- Director Appointment
Nirmal Pratap Bhogilal was appointed as a Director was appointed as a Director on 15 Apr 2024 & has been associated with this company since 1 year 28 days .
- Charges
A charge registered on 28 Feb 2019 via Charge ID 100244609 with Others was fully satisfied on 12 Dec 2023.
- Charges
A charge with Sbicap Trustee Company Limited of Rs. 641.50 Cr registered on 17 Jan 1991 with Charge ID 90102915 was modified on 01 Nov 2023.
- Charges
A charge with Others amounted to Rs. 22.00 Cr with Charge ID 100756699 was registered on 11 Jul 2023.
- Annual General Meeting
Elecon Engineering Company Limited last Annual general meeting of members was held on 28 Jun 2023 as per latest MCA records.
- Charges
A charge registered on 02 Mar 2015 via Charge ID 10555436 with Sbicap Trustee Company Limited was fully satisfied on 20 Jun 2023.
Recent News, Updates & Announcement
- Elecon Engineering bags project worth Rs 82 cr from ArcelorMittal Nippon Steel India.
Elecon Engineering has secured a contract worth Rs 82.78 crore from ArcelorMittal Nippon Steel India for the manufacture and supply of belt conveyor mechanical equipment and technological structures at the Hazira Plant in Surat, Gujarat. Excluding GST, the contract adds to Elecon Engineering's portfolio as a prominent industrial gears and material handling equipment manufacturer in Asia..
Frequently asked questions
What is the Incorporation or founding date of Elecon Engineering Company Limited?
Elecon Engineering Company Limited was incorporated on 11 Jan 1960.
What is authorized share capital and paid-up capital of Elecon Engineering Company Limited?
The authorized share capital of Elecon Engineering Company Limited is ₹ 178.00 Cr and paid-up capital is ₹ 22.44 Cr.
Who are the current board members & directors of Elecon Engineering Company Limited?
Currently 10 directors are associated with Elecon Engineering Company Limited.
- Bharti L Isarani
- Narasimhan R
- Aayush Alkesh Shah
- Prashant Chandrakant Amin
- Pranav Chirayu Amin
- Nirmal Pratap Bhogilal
- Prayasvin Patel
- Ashutosh Arvind Pednekar
- Pradip Manubhai Patel
- Sonal Vimal Ambani
What is the registered address of Elecon Engineering Company Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Elecon Engineering Company Limited is Anand Sujitra Road, Vallabh Vidyanagar, Gujarat, India, 388120.
What is the corporate identification number (CIN) and company number of Elecon Engineering Company Limited?
The corporate identification number (CIN) of Elecon Engineering Company Limited is L29100GJ1960PLC001082 and the company number is 001082 as per Ministry of Corporate Affairs (MCA).
Is Elecon Engineering Company Limited registered with any stock exchange in India?
Yes, Elecon Engineering Company Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ELECON.
What is the official website of Elecon Engineering Company Limited?
The Official website of Elecon Engineering Company Limited is https://www.elecon.com
What has been the recent revenue trend for Elecon Engineering Company Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Elecon Engineering Company Limited has risen by 35.72%.
How many employees does Elecon Engineering Company Limited currently have?
As Per 2023 financial reports, 690 employees are currently employed by Elecon Engineering Company Limited.
What change has been observed in the net worth of Elecon Engineering Company Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Elecon Engineering Company Limited has experienced an upsurge of 18.93%.
What are the total open charges for Elecon Engineering Company Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Elecon Engineering Company Limited amount to ₹ 663.50 Cr.
When was the last Balance Sheet of Elecon Engineering Company Limited filed with the ROC?
The most recent Balance Sheet for Elecon Engineering Company Limited was filed with the ROC on 31 Mar 2023.
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