Elgi Equipments Profile
Key Indicators
- Authorised Capital ₹ 32.00 Cr
- Paid Up Capital ₹ 31.69 Cr
- Company Age 64 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 425.83 Cr
- Satisfied Charges ₹ 82.37 Cr
- Revenue Growth 13.00%
- Profit Growth 43.90%
- Ebitda 28.82%
- Net Worth 24.17%
- Total Assets 25.43%
About Elgi Equipments
Elgi Equipments Limited (EEL) was founded in India on 14 March 1960 and has a glorious history of 64 years and ten months. Its registered office is in Coimbatore, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 522074 and on the National Stock Exchange(NSE) under ELGIEQUIP.
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 2024. It's a company limited by shares with an authorized capital of Rs 32.00 Cr and a paid-up capital of Rs 31.69 Cr.
The company currently has active open charges totaling ₹425.83 Cr. The company has closed loans amounting to ₹82.37 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Elgi Equipments Limited India are Indranil Sen as CFO and Devika Sathyanarayana as Company Secretary. Jairam Varadaraj, Sudarsan Varadaraj, Srinivasan Ravindran, and Four other members serve as directors at the Company.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Elgi Equipments Limited offer?
Elgi Equipments Limited offers a wide range of products and services, including Air Compressors, Accessories & Parts, Air Compressors, Reciprocating Compressors, Automotive Repair Tools & Equipments, Automotive Testing Equipment, Railway, Railroad & Train Components, Locomotive Components, Tyre & Wheel Equipment, Oil Free Air Compressor, Solar & Renewable Energy Products.
Who are the key members and board of directors at Elgi Equipments?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jairam Varadaraj  | Managing Director | 29-May-1992 | Current |
| Indranil Sen | CFO | 27-Mar-2024 | Current |
| Devika Sathyanarayana | Company Secretary | 12-Jun-2024 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sudarsan Varadaraj | Director | 18-Nov-1993 | Current |
| Srinivasan Ravindran | Director | 28-Aug-2024 | Current |
| Srinivasan Krishnamurthi | Director | 28-Aug-2024 | Current |
Anvarjay Varadaraj  | Whole-Time Director | 01-Apr-2020 | Current |
| Thangaraj Aruna | Director | 27-May-2019 | Current |
| Suman Das | Director | 28-Aug-2024 | Current |
Financial Performance of Elgi Equipments.
Elgi Equipments Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13% increase. The company also saw a substantial improvement in profitability, with a 43.9% increase in profit. The company's net worth Soared by an impressive increase of 24.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Elgi Equipments?
In 2023, Elgi Equipments had a promoter holding of 31.19% and a public holding of 68.80%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Tidel Park Coimbatore LimitedThangaraj Aruna is a mutual person
Festo India Private LimitedSudarsan Varadaraj is a mutual person
Elgi Sauer Compressors LimitedJairam Varadaraj is a mutual person
Ats Elgi LimitedJairam Varadaraj and Anvarjay Varadaraj are mutual person
Ecoedu Consultants Private LimitedSrinivasan Ravindran is a mutual person
A G T Electronics LimitedThangaraj Aruna is a mutual person
Charges (Loans)
₹425.83 Cr
₹82.37 Cr
Charges Breakdown by Lending Institutions
- Citi Bank N.A. : 162.30 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 84.67 Cr
- Standard Chartered Bank : 63.06 Cr
- Hdfc Bank Limited : 62.30 Cr
- State Bank Of India : 30.00 Cr
- Others : 23.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2023 | Hdfc Bank Limited | ₹62.30 Cr | Open |
| 22 Dec 2020 | Citi Bank N.A. | ₹162.30 Cr | Open |
| 01 Nov 2018 | Standard Chartered Bank | ₹63.06 Cr | Open |
| 09 Feb 2016 | The Hongkong And Shanghai Banking Corporation Limited | ₹47.17 Cr | Open |
| 21 Nov 2012 | The Hongkong And Shanghai Banking Corporation Limited | ₹37.50 Cr | Open |
How Many Employees Work at Elgi Equipments?
Elgi Equipments has a workforce of 1409 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 Elgi Equipments, 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 Elgi Equipments'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.
