Industrial Promotion And Investment Corporation Of Odisha Limited

Government institution providing trade and investment support services to businesses.

1973 | Khorda, Odisha (India) | Active
Last Updated: February 07, 2025

Industrial Promotion And Investment Corporation Of Odisha Profile

Key Indicators

  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 83.14 Cr
  • Company Age 51 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 1921.34%
  • Profit Growth 4366.41%
  • Ebitda 39000.54%
  • Net Worth 324.98%
  • Total Assets 181.37%

About Industrial Promotion And Investment Corporation Of Odisha

Industrial Promotion And Investment Corporation Of Odisha Limited (IPAICOOL) was founded in India on 12 April 1973 and has a glorious history of 51 years and ten months. Its registered office is in Khorda, Odisha, India.

The Corporate was formerly known as Industrial Promotion And Investment Corpn. Of Orissa Ltd. The Company is engaged in the Financial Services 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 100.00 Cr and a paid-up capital of Rs 83.14 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Industrial Promotion And Investment Corporation Of Odisha Limited India are Suravi Mohapatra as COMPANY SECRETARY and Santanu Panigrahi as Cfo. Debi Patra, Dronadeb Rath, Hemant Sharma, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Khorda, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ipicolorissa.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65993OR1973SGC000585

  • Company No.

    000585

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    12 Apr 1973

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Cuttack

Industry

Financial Services

Who are the key members and board of directors at Industrial Promotion And Investment Corporation Of Odisha?

Executive Team (3)

NameDesignationAppointment DateStatus
Bhupendra Poonia Country flag representing In Managing Director01-Jul-2021Current
Suravi Mohapatra Company Secretary21-Jan-2012Current
Santanu Panigrahi CFO25-Mar-2015Current

Board Members (9)

NameDesignationAppointment DateStatus
Debi Patra Country flag representing In Nominee Director 21-Sep-2013Current
Dronadeb Rath Country flag representing In Nominee Director 21-Sep-2013Current
Hemant Sharma Country flag representing In Nominee Director 30-Dec-2006Current
Debaraj Biswal Country flag representing In Nominee Director 27-Jun-2012Current
Prasanna Parida Country flag representing In Nominee Director 21-Sep-2013Current
Smita Rout Country flag representing In Nominee Director 15-Jul-2020Current

Financial Performance of Industrial Promotion And Investment Corporation Of Odisha.

Industrial Promotion And Investment Corporation Of Odisha Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 1921.34% increase. The company also saw a substantial improvement in profitability, with a 4366.41% increase in profit. The company's net worth Soared by an impressive increase of 324.98%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
1921.34%
Revenue from Operations
3471.41%
Total Assets
181.37%
Profit or Loss
4366.41%
Net Worth
324.98%
EBITDA
39000.54%

What is the Ownership and Shareholding Structure of Industrial Promotion And Investment Corporation Of Odisha?

In 2023, Industrial Promotion And Investment Corporation Of Odisha had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Industrial Promotion And Investment Corporation Of Odisha?

Unlock and access historical data on people associated with Industrial Promotion And Investment Corporation Of Odisha, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Industrial Promotion And Investment Corporation Of Odisha, 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 Industrial Promotion And Investment Corporation Of Odisha's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Industrial Promotion And Investment Corporation Of Odisha

Recent activity within the organization

  • Director Appointment

    Prasanthkumarreddy Devireddy was appointed as a Nominee Director was appointed as a Nominee Director on 22 Aug 2024 & has been associated with this company since 6 months 1 day .

    22 Aug 2024

  • Director Appointment

    Nihar Ranjan Dash was appointed as a Nominee Director was appointed as a Nominee Director on 02 Aug 2024 & has been associated with this company since 6 months 21 days .

    02 Aug 2024

  • Annual General Meeting

    Industrial Promotion And Investment Corporation Of Odisha Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Industrial Promotion And Investment Corporation Of Odisha Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Cuttack.

    31 Mar 2023

  • Director Appointment

    Smita Rout was appointed as a Nominee Director was appointed as a Nominee Director on 15 Jul 2020 & has been associated with this company since 4 years 7 months .

    15 Jul 2020

  • Director Appointment

    Debi Prasad Patra was appointed as a Nominee Director was appointed as a Nominee Director on 21 Sep 2013 & has been associated with this company since 11 years 5 months .

    21 Sep 2013

Frequently asked questions

  • Industrial Promotion And Investment Corporation Of Odisha Limited was incorporated on 12 Apr 1973.

  • The authorized share capital of Industrial Promotion And Investment Corporation Of Odisha Limited is ₹ 100.00 Cr and paid-up capital is ₹ 83.14 Cr.

  • Currently 12 directors are associated with Industrial Promotion And Investment Corporation Of Odisha Limited.

    • Debi Prasad Patra
    • Dronadeb Rath
    • Hemant Sharma
    • Debaraj Biswal
    • Bhupendra Singh Poonia
    • Prasanna Kumar Parida
    • Smita Rout
    • Nihar Ranjan Dash
    • Anuj Kumar Daspattanaik
    • Prasanthkumarreddy Devireddy
    • Suravi Mohapatra
    • Santanu Kumar Panigrahi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Industrial Promotion And Investment Corporation Of Odisha Limited is Ipicol House Janpath India, Bhubaneswar, Orissa, 751022.

  • The corporate identification number (CIN) of Industrial Promotion And Investment Corporation Of Odisha Limited is U65993OR1973SGC000585 and the company number is 000585 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Industrial Promotion And Investment Corporation Of Odisha Limited is https://www.ipicolorissa.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Industrial Promotion And Investment Corporation Of Odisha Limited has risen by 1921.34%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Industrial Promotion And Investment Corporation Of Odisha Limited has experienced an upsurge of 324.98%.

  • The most recent Balance Sheet for Industrial Promotion And Investment Corporation Of Odisha Limited was filed with the ROC on 31 Mar 2023.

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