Nelco Profile
Key Indicators
- Authorised Capital ₹ 55.00 Cr
- Paid Up Capital ₹ 22.82 Cr
- Company Age 84 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 111.42 Cr
- Satisfied Charges ₹ 482.58 Cr
- Revenue Growth 37.03%
- Profit Growth 88.28%
- Ebitda 87.25%
- Net Worth 19.61%
- Total Assets 11.78%
About Nelco
Nelco Limited (NL) was founded in India on 31 August 1940 and has a glorious history of 84 years and six months. Its registered office is in Thane, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504112 and on the National Stock Exchange(NSE) under NELCO.
The Corporate was formerly known as The National Radio & Engineering Company Ltd. The Company is engaged in the Telecom 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 55.00 Cr and a paid-up capital of Rs 22.82 Cr.
The company currently has active open charges totaling ₹111.42 Cr. The company has closed loans amounting to ₹482.58 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Nelco Limited India are Ritesh Kamdar as COMPANY SECRETARY and Malav Shah as Cfo. Saurabh Ray, Amur Swaminathan, Lakshmi Nadkarni, and Three other members serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Telecom
What products or services does Nelco Limited offer?
Nelco Limited offers a wide range of products and services, including Computer Hardware & Network Support, Data Centre Solution, IT, Networking & Automation Solution, IT Solutions, Networking Solutions, Managed Network Service, Intruder Alarm, Intrusion Detection Systems, Textile Software, Tailoring Software.
Who are the key members and board of directors at Nelco?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ritesh Kamdar  | Company Secretary | 17-May-2024 | Current |
| Malav Shah | CFO | 01-Jan-2022 | Current |
| Pradip Nath | Managing Director | 13-Jun-2012 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Amur Swaminathan | Director | 29-May-2022 | Current |
| Saurabh Ray | Director | 26-Apr-2022 | Current |
| Lakshmi Nadkarni | Director | 28-Jan-2020 | Current |
| Ajay Pandey | Director | 28-Jan-2020 | Current |
| Narasimha Kummamuri | Director | 28-Jan-2020 | Current |
Financial Performance of Nelco.
Nelco Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.03% increase. The company also saw a substantial improvement in profitability, with a 88.28% increase in profit. The company's net worth Soared by an impressive increase of 19.61%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nelco?
In 2023, Nelco had a promoter holding of 50.09% and a public holding of 49.91%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Tata Teleservices (Maharashtra) LimitedAmur Swaminathan is a mutual person
Tata Teleservices LimitedAmur Swaminathan is a mutual person
Max Financial Services LimitedNarasimha Kummamuri is a mutual person
Piscis Networks Private LimitedPradip Nath is a mutual person
Technopolis Knowledge Park LimitedPradip Nath is a mutual person
Ponni Sugars (Erode) LimitedLakshmi Nadkarni is a mutual person
Charges (Loans)
Open Charges
₹111.42 Cr
Satisfied Charges
₹482.58 Cr
Charges Breakdown by Lending Institutions
- Idbi Bank : 50.00 Cr
- Axis Bank Limited : 38.00 Cr
- Bank Of India : 15.00 Cr
- Irbi Bank : 2.60 Cr
- Abn Mro Bank : 2.00 Cr
- Others : 3.82 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2007 | Axis Bank Limited | ₹38.00 Cr | Open |
| 02 Feb 1996 | Union Bank Of India | ₹1.67 Cr | Open |
| 14 Feb 1992 | Idbi Bank | ₹50.00 Cr | Open |
| 13 Jan 1992 | Bank Of India | ₹15.00 Cr | Open |
| 05 Oct 1987 | The Investment Co-Op Bank Ltd | ₹2.00 Cr | Open |
How Many Employees Work at Nelco?
Nelco has a workforce of 94 employees as of Mar 31, 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 Nelco, 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 Nelco'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 Nelco
Recent activity within the organization
- Charges
A charge registered on 07 Jun 2022 via Charge ID 100585225 with Others was fully satisfied on 06 Nov 2024.
- Annual General Meeting
Nelco Limited last Annual general meeting of members was held on 25 Jun 2024 as per latest MCA records.
- Director Appointment
Ritesh Narendrabhai Kamdar was appointed as a Company Secretary was appointed as a Company Secretary on 17 May 2024 & has been associated with this company since 9 months 25 days .
- Balance Sheet
Nelco Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge registered on 17 Apr 1996 via Charge ID 90163360 with Icici Ltd was fully satisfied on 20 Feb 2024.
- Charges
A charge registered on 06 Mar 1995 via Charge ID 90163110 with Icici Ltd was fully satisfied on 20 Feb 2024.
Recent News, Updates & Announcement
- Speedcast and India's Fastest Join Forces for Unbeatable Remote Solutions and IT Services.
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Frequently asked questions
What is the Incorporation or founding date of Nelco Limited?
Nelco Limited was incorporated on 31 Aug 1940.
What is authorized share capital and paid-up capital of Nelco Limited?
The authorized share capital of Nelco Limited is ₹ 55.00 Cr and paid-up capital is ₹ 22.82 Cr.
Who are the current board members & directors of Nelco Limited?
Currently 8 directors are associated with Nelco Limited.
- Ritesh Narendrabhai Kamdar
- Malav Shah
- Saurabh Ray
- Amur Lakshminarayanan Swaminathan
- Lakshmi Anant Nadkarni
- Pradip Jyoti Nath
- Ajay Kumar Pandey
- Narasimha Murthy Kummamuri
What is the registered address of Nelco Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Nelco Limited is Midc Plot No. El 6 Ttc Industrial Area Electronics Zone, Mahape India, Navi Mumbai, Maharashtra, 400710.
What is the corporate identification number (CIN) and company number of Nelco Limited?
The corporate identification number (CIN) of Nelco Limited is L32200MH1940PLC003164 and the company number is 003164 as per Ministry of Corporate Affairs (MCA).
Is Nelco Limited registered with any stock exchange in India?
Yes, Nelco Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): NELCO.
What is the official website of Nelco Limited?
The Official website of Nelco Limited is https://www.nelco.in
What has been the recent revenue trend for Nelco Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Nelco Limited has risen by 37.03%.
How many employees does Nelco Limited currently have?
As Per 2023 financial reports, 94 employees are currently employed by Nelco Limited.
What change has been observed in the net worth of Nelco Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Nelco Limited has experienced an upsurge of 19.61%.
What are the total open charges for Nelco Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Nelco Limited amount to ₹ 111.42 Cr.
When was the last Balance Sheet of Nelco Limited filed with the ROC?
The most recent Balance Sheet for Nelco Limited was filed with the ROC on 31 Mar 2024.
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