Nandi Economic Corridor Enterprises Profile
Key Indicators
- Authorised Capital ₹ 749.03 Cr
- Paid Up Capital ₹ 249.05 Cr
- Company Age 24 Year, 9 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 nine 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 Balaji Nayanameni as COMPANY SECRETARY and Ashoka Shetty as Cfo. Ashok Kheny, Arehalli Shiva, Vikram Munje, 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
Who are the key members and board of directors at Nandi Economic Corridor Enterprises?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashok Kheny  | Managing Director | 17-Apr-2000 | Current |
| Balaji Nayanameni | Company Secretary | 18-Jul-2017 | Current |
| Ashoka Shetty | CFO | 10-Nov-2022 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mogalapalli Krishna | Director | 30-Sep-2015 | Current |
| Arehalli Shiva | Director | 13-Oct-2017 | Current |
| Vikram Munje | Director | 10-Aug-2023 | Current |
| Bhalchandra Mitkari | Director | 29-Sep-2011 | Current |
| Jayant Hemade | Additional Director | 10-Jun-2024 | Current |
| Rajeev Kalra | Nominee Director | 18-May-2018 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
Bf Industrial Technology & Solutions LimitedVikram Munje is a mutual person
Kalyani Strategic Systems LimitedVikram Munje is a mutual person
Ircon-Soma Tollway Private LimitedRajeev Kalra is a mutual person
Bf Infrastructure LimitedMogalapalli Krishna and Deepti Puranik are mutual person
Diliigent Power Private LimitedRajeev Kalra is a mutual person
Nandi Infrastructure Corridor Enterprise LimitedAshok Kheny, Arehalli Shiva and 6 more are mutual person
Charges (Loans)
₹1,590.45 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2021 | Bank Of India | ₹2.00 M | Open |
| 06 Feb 2015 | Idbi Trusteeship Services Limited | ₹1,547.25 Cr | Open |
| 25 May 2004 | The Western India Trustee And Executor Company Limited | ₹43.00 Cr | Open |
| 25 Sep 2010 | Idbi Trusteeship Services Limited | ₹1,650.00 Cr | Satisfied |
| 04 Dec 2008 | Axis Bank Limited | ₹175.00 Cr | Satisfied |
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.
Deals i
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
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.
_LIMITED.webp){kind=small}
