Nekkanti Sea Foods Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 13.49 Cr
- Company Age 41 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 590.09 Cr
- Satisfied Charges ₹ 7.74 Cr
- Revenue Growth -48.35%
- Profit Growth -69.81%
- Ebitda -69.41%
- Net Worth 5.83%
- Total Assets -21.18%
About Nekkanti Sea Foods
Nekkanti Sea Foods Ltd. (NSFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 September 1983 and has a history of 41 years and five months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The Corporate was formerly known as Nekkanti Sea Foods Pvt Ltd. The Company is engaged in the Food And Beverages 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 30.00 Cr and a paid-up capital of Rs 13.49 Cr.
The company currently has active open charges totaling ₹590.09 Cr. The company has closed loans amounting to ₹7.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Nekkanti Sea Foods Ltd. India are Nagesh Motamarri as CFO and Chandra Nayak as Company Secretary. Nagesh Motamarri, Venkat Nekkanti, Sita Nekkanti, and Five other members serve as directors at the Company.
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U05005AP1983PLC004128
- Company No.
004128
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
14 Sep 1983
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Food and Beverages
Who are the key members and board of directors at Nekkanti Sea Foods?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Venkat Nekkanti  | Managing Director | 01-Feb-2018 | Current |
| Nagesh Motamarri | CFO | 31-Dec-2017 | Current |
| Chandra Nayak | Company Secretary | 31-Dec-2017 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nagesh Motamarri | Whole-Time Director and Cfo | 01-Apr-2006 | Current |
| Sita Nekkanti | Whole-Time Director | 01-Apr-2006 | Current |
| Aslesha Nekkanti | Director | 14-Sep-2024 | Current |
| Venkata Nekkanti | Whole-Time Director | 27-Feb-2021 | Current |
| Mahesh Nekkanti | Whole-Time Director | 01-Feb-2018 | Current |
| Rama Atluri | Director | 10-Mar-2022 | Current |
Financial Performance of Nekkanti Sea Foods.
Nekkanti Sea Foods Ltd., for the financial year ended 2023, experienced significant reduction in revenue, with a 48.35% decrease. The company also saw a substantial fall in profitability, with a 69.81% decrease in profit. The company's net worth moved up by a moderate rise of 5.83%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nekkanti Sea Foods?
In 2023, Nekkanti Sea Foods had a promoter holding of 62.69% and a public holding of 37.30%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ns Trading And Investments LlpVenkat Nekkanti and Mahesh Nekkanti are mutual person
- Nsf Laboratories Private Limited
Venkat Nekkanti, Sita Nekkanti and 1 more are mutual person
- Vill Global Projects Private Limited
Venkat Nekkanti and Sita Nekkanti are mutual person
- Nekkanti Mega Food Park Private Limited
Sita Nekkanti, Venkata Nekkanti and 3 more are mutual person
- Nekkanti Sugars Private Limited
Sita Nekkanti and Venkata Nekkanti are mutual person
Charges (Loans)
Open Charges
₹590.09 Cr
Satisfied Charges
₹7.74 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 590.00 Cr
- Dcl Finance Ltd : 0.08 Cr
- Dcl Finance Limited : 0.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 1989 | State Bank Of India | ₹590.00 Cr | Open |
| 07 Jul 1989 | Dcl Finance Ltd | ₹0.21 M | Open |
| 24 Apr 1989 | Dcl Finance Ltd | ₹0.35 M | Open |
| 06 Oct 1988 | Dcl Finance Limited | ₹0.11 M | Open |
| 09 Aug 1988 | Dcl Finance Ltd | ₹0.10 M | Open |
How Many Employees Work at Nekkanti Sea Foods?
Nekkanti Sea Foods has a workforce of 1072 employees as of Apr 09, 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 Nekkanti Sea Foods, 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 Nekkanti Sea Foods'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.
Latest Updates, News, and FAQs on Nekkanti Sea Foods
Recent activity within the organization
- Director Appointment
Aslesha Nekkanti was appointed as a Director was appointed as a Director on 14 Sep 2024 & has been associated with this company since 5 months 24 days .
- Director Appointment
Ramachandran Kunnamkalathilmadathil Nair was appointed as a Director was appointed as a Director on 23 Apr 2024 & has been associated with this company since 10 months 15 days .
- Annual General Meeting
Nekkanti Sea Foods Ltd. last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Charges
A charge with State Bank Of India of Rs. 590.00 Cr registered on 22 Dec 1989 with Charge ID 90139723 was modified on 02 Jun 2023.
- Balance Sheet
Nekkanti Sea Foods Ltd. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.
- Charges
A charge registered on 24 Sep 1993 via Charge ID 90139854 with State Bank Of India was fully satisfied on 17 Feb 2018.
Recent News, Updates & Announcement
- Nekkanti raises $30 million pre-IPO funds from Motilal Oswal, others | Mint.
Nekkanti had filed its draft prospectus with Sebi in March to raise ₹750 crore, including fresh capital of ₹250 crore.
- Upcoming IPOs: HDFC Mutual Fund, 6 others to raise ₹ 14,000 crore | Mint.
TCNS Clothing, Lodha Developers, HDFC Mutual Fund, Nekkanti Sea Foods, Flemingo, Patel Infrastructure and Genius Consultants are expected to launch their respective IPOs in the coming week.
Frequently asked questions
What is the Incorporation or founding date of Nekkanti Sea Foods Ltd.?
Nekkanti Sea Foods Ltd. was incorporated on 14 Sep 1983.
What is authorized share capital and paid-up capital of Nekkanti Sea Foods Ltd.?
The authorized share capital of Nekkanti Sea Foods Ltd. is ₹ 30.00 Cr and paid-up capital is ₹ 13.49 Cr.
Who are the current board members & directors of Nekkanti Sea Foods Ltd.?
Currently 10 directors are associated with Nekkanti Sea Foods Ltd..
- Nagesh Motamarri
- Venkat Rao Nekkanti
- Sita Ramachandra Murthy Nekkanti
- Aslesha Nekkanti
- Venkata Lakshmi Nekkanti
- Mahesh Nekkanti
- Rama Rao Atluri
- Ramachandran Kunnamkalathilmadathil Nair
- Nagesh Motamarri
- Chandra Kanta Nayak
What is the registered address of Nekkanti Sea Foods Ltd.?
As per Ministry of Corporate Affairs (Mca), the registered address of Nekkanti Sea Foods Ltd. is D. No. 3-16/3 Ocean Drive Layout Gudlavanipalem Sagar Nagar, India, Visakhapatnam, Andhra Pradesh, 530045.
What is the corporate identification number (CIN) and company number of Nekkanti Sea Foods Ltd.?
The corporate identification number (CIN) of Nekkanti Sea Foods Ltd. is U05005AP1983PLC004128 and the company number is 004128 as per Ministry of Corporate Affairs (MCA).
What is the official website of Nekkanti Sea Foods Ltd.?
The Official website of Nekkanti Sea Foods Ltd. is https://www.nekkantiseafoods.com
What has been the recent revenue trend for Nekkanti Sea Foods Ltd.?
According to the financial reports for the fiscal year 2023, the revenue trend for Nekkanti Sea Foods Ltd. has fallen by -48.35%.
How many employees does Nekkanti Sea Foods Ltd. currently have?
As Per 2023 financial reports, 1072 employees are currently employed by Nekkanti Sea Foods Ltd..
What change has been observed in the net worth of Nekkanti Sea Foods Ltd., and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Nekkanti Sea Foods Ltd. has experienced an upsurge of 5.83%.
What are the total open charges for Nekkanti Sea Foods Ltd.?
As per the financial statements for fiscal Year 2023, The total open charges for Nekkanti Sea Foods Ltd. amount to ₹ 590.09 Cr.
When was the last Balance Sheet of Nekkanti Sea Foods Ltd. filed with the ROC?
The most recent Balance Sheet for Nekkanti Sea Foods Ltd. was filed with the ROC on 31 Mar 2023.
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