Elecon Engineering Company Profile
Key Indicators
- Authorised Capital ₹ 178.00 Cr
- Paid Up Capital ₹ 22.44 Cr
- Company Age 65 Year, 1 Month
- 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 one month. 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
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.
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)
₹663.50 Cr
₹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.
