Nelco Profile
Key Indicators
- Authorised Capital ₹ 55.00 Cr
- Paid Up Capital ₹ 22.82 Cr
- Company Age 84 Year, 5 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 five 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
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
| 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 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
-
Max Life Insurance Company LimitedNarasimha Kummamuri is a mutual person
-
Technopolis Knowledge Park LimitedPradip Nath is a mutual person
Charges (Loans)
₹111.42 Cr
₹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.
