Nandi Economic Corridor Enterprises Limited.

SPV for development of Bangalore Mysore Infrastructure Corridor, completed 41km of road and collects toll.

2000 | Bangaluru, Karnataka (India) | Active
Last Updated:

Nandi Economic Corridor Enterprises Profile

Key Indicators

  • Authorised Capital ₹ 749.03 Cr
  • Paid Up Capital ₹ 249.05 Cr
  • Company Age 24 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,590.45 Cr
  • Satisfied Charges ₹ 2,794.00 Cr
  • Revenue Growth 50.19%
  • Profit Growth 286.60%
  • Ebitda 58.14%
  • Net Worth 248.12%
  • Total Assets 4.41%

About Nandi Economic Corridor Enterprises

Nandi Economic Corridor Enterprises Limited. (NECEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 April 2000 and has a history of 24 years and ten months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Infrastructure And Utilities 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 749.03 Cr and a paid-up capital of Rs 249.05 Cr.

The company currently has active open charges totaling ₹1,590.45 Cr. The company has closed loans amounting to ₹2,794.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nandi Economic Corridor Enterprises Limited. India are Ashoka Shetty as CFO and Balaji Nayanameni as Company Secretary. Jayant Hemade, Mogalapalli Krishna, Bhalchandra Mitkari, and Five other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U85110KA2000PLC026939

  • Company No.

    026939

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Apr 2000

  • Date of AGM

    20 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Infrastructure and Utilities

Who are the key members and board of directors at Nandi Economic Corridor Enterprises?

Executive Team (3)

NameDesignationAppointment DateStatus
Ashoka Shetty CFO10-Nov-2022Current
Balaji Nayanameni Country flag representing In Company Secretary18-Jul-2017Current
Ashok Kheny Country flag representing In Managing Director17-Apr-2000Current

Board Members (7)

NameDesignationAppointment DateStatus
Mogalapalli Krishna Country flag representing In Director 30-Sep-2015Current
Arehalli Shiva Country flag representing In Director 13-Oct-2017Current
Jayant Hemade Country flag representing In Additional Director 10-Jun-2024Current
Bhalchandra Mitkari Country flag representing In Director 29-Sep-2011Current
Vikram Munje Country flag representing In Director 10-Aug-2023Current
Deepti Puranik Country flag representing In Director 04-May-2018Current

Financial Performance of Nandi Economic Corridor Enterprises.

Nandi Economic Corridor Enterprises Limited., for the financial year ended 2023, experienced significant growth in revenue, with a 50.19% increase. The company also saw a substantial improvement in profitability, with a 286.6% increase in profit. The company's net worth Soared by an impressive increase of 248.12%.

Nandi Economic Corridor Enterprises revenue growth over time
Nandi Economic Corridor Enterprises 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
50.19%
Revenue from Operations
51.52%
Total Assets
4.41%
Profit or Loss
286.60%
Net Worth
248.12%
EBITDA
58.14%

What is the Ownership and Shareholding Structure of Nandi Economic Corridor Enterprises?

In 2023, Nandi Economic Corridor Enterprises had a promoter holding of 65.11% and a public holding of 34.89%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,590.45 Cr

Satisfied Charges

₹2,794.00 Cr

Charges Breakdown by Lending Institutions

  • Idbi Trusteeship Services Limited : 1547.25 Cr
  • The Western India Trustee And Executor Company Limited : 43.00 Cr
  • Bank Of India : 0.20 Cr

Latest Charge Details

DateLenderAmountStatus
04 Oct 2021Bank Of India₹2.00 MOpen
06 Feb 2015Idbi Trusteeship Services Limited₹1,547.25 CrOpen
25 May 2004The Western India Trustee And Executor Company Limited₹43.00 CrOpen
25 Sep 2010Idbi Trusteeship Services Limited₹1,650.00 CrSatisfied
04 Dec 2008Axis Bank Limited₹175.00 CrSatisfied

How Many Employees Work at Nandi Economic Corridor Enterprises?

Nandi Economic Corridor Enterprises has a workforce of 952 employees as of Apr 07, 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.

Employee growth trends for Nandi Economic Corridor Enterprises Limited.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nandi Economic Corridor Enterprises, 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 Nandi Economic Corridor Enterprises'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 Nandi Economic Corridor Enterprises

Recent activity within the organization

  • Director Appointment

    Jayant Kumodchandra Hemade was appointed as a Additional Director was appointed as a Additional Director on 10 Jun 2024 & has been associated with this company since 8 months 27 days .

  • Charges

    A charge with Idbi Trusteeship Services Limited of Rs. 1,547.25 Cr registered on 06 Feb 2015 with Charge ID 10550828 was modified on 02 Jan 2024.

  • Annual General Meeting

    Nandi Economic Corridor Enterprises Limited. last Annual general meeting of members was held on 20 Sep 2023 as per latest MCA records.

  • Director Appointment

    Vikram Manohar Munje was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Balance Sheet

    Nandi Economic Corridor Enterprises Limited. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with Bank Of India amounted to Rs. 0.20 Cr with Charge ID 100499967 was registered on 04 Oct 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Nandi Economic Corridor Enterprises Limited.?

    Nandi Economic Corridor Enterprises Limited. was incorporated on 17 Apr 2000.

  • What is authorized share capital and paid-up capital of Nandi Economic Corridor Enterprises Limited.?

    The authorized share capital of Nandi Economic Corridor Enterprises Limited. is ₹ 749.03 Cr and paid-up capital is ₹ 249.05 Cr.

  • Who are the current board members & directors of Nandi Economic Corridor Enterprises Limited.?

    Currently 10 directors are associated with Nandi Economic Corridor Enterprises Limited..

    • Ashoka Kumar Shetty
    • Balaji Naidu Nayanameni
    • Jayant Kumodchandra Hemade
    • Mogalapalli Venkata Krishna
    • Bhalchandra Shankar Mitkari
    • Vikram Manohar Munje
    • Deepti Rajeev Puranik
    • Arehalli Subramanyam Basappa Shiva
    • Rajeev Kalra
    • Ashok Kumar Kheny

  • What is the registered address of Nandi Economic Corridor Enterprises Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nandi Economic Corridor Enterprises Limited. is No.1 Midford House Midford Gardens, India, Off M.G.Road Bangalore, Karnataka, 560001.

  • What is the corporate identification number (CIN) and company number of Nandi Economic Corridor Enterprises Limited.?

    The corporate identification number (CIN) of Nandi Economic Corridor Enterprises Limited. is U85110KA2000PLC026939 and the company number is 026939 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Nandi Economic Corridor Enterprises Limited.?

    The Official website of Nandi Economic Corridor Enterprises Limited. is https://www.nicelimited.com

  • What has been the recent revenue trend for Nandi Economic Corridor Enterprises Limited.?

    According to the financial reports for the fiscal year 2023, the revenue trend for Nandi Economic Corridor Enterprises Limited. has risen by 50.19%.

  • How many employees does Nandi Economic Corridor Enterprises Limited. currently have?

    As Per 2023 financial reports, 952 employees are currently employed by Nandi Economic Corridor Enterprises Limited..

  • What change has been observed in the net worth of Nandi Economic Corridor Enterprises Limited., and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Nandi Economic Corridor Enterprises Limited. has experienced an upsurge of 248.12%.

  • What are the total open charges for Nandi Economic Corridor Enterprises Limited.?

    As per the financial statements for fiscal Year 2023, The total open charges for Nandi Economic Corridor Enterprises Limited. amount to ₹ 1,590.45 Cr.

  • When was the last Balance Sheet of Nandi Economic Corridor Enterprises Limited. filed with the ROC?

    The most recent Balance Sheet for Nandi Economic Corridor Enterprises Limited. was filed with the ROC on 31 Mar 2023.

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