New India Electricals Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 4.58 Cr
- Company Age 30 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.00 Cr
- Satisfied Charges ₹ 9.90 Cr
- Revenue Growth -3.27%
- Profit Growth -14.42%
- Ebitda -11.89%
- Net Worth 7.78%
- Total Assets 2.08%
About New India Electricals
New India Electricals Limited (NIEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 April 1994 and has a history of 30 years and nine months. Its registered office is in Bengaluru, Karnataka, India.
The Corporate was formerly known as New India Electricals Private Limited. The Company is engaged in the Energy And Power 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 10.00 Cr and a paid-up capital of Rs 4.58 Cr.
The company currently has active open charges totaling ₹2.00 Cr. The company has closed loans amounting to ₹9.90 Cr, as per Ministry of Corporate Affairs (MCA) records.
Hemanshu Desai, Amisha Desai, Nipul Desai, and Two other members serve as directors at the Company.
Company Details
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Location
Bengaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U85110KA1994PLC015512
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Company No.
015512
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
15 Apr 1994
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
What products or services does New India Electricals Limited offer?
New India Electricals Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Gear Pump, Control Equipment, Motor Control Centers, Industrial Valves & Valve Fittings, Check Valves, Fuses, Circuit Breakers & Components, Vacuum Circuit Breaker, Electric Motors and Components, AC Motor.
Who are the key members and board of directors at New India Electricals?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hemanshu Desai
|
Managing Director | 15-Apr-1994 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Amisha Desai
|
Director | 26-Dec-2003 | Current |
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Nipul Desai
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Whole-Time Director | 15-Apr-1994 | Current |
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Pramila Desai
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Director | 15-Apr-1994 | Current |
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Payal Desai
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Director | 26-Dec-2003 | Current |
Financial Performance of New India Electricals.
New India Electricals Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.27% decrease. The company also saw a substantial fall in profitability, with a 14.42% decrease in profit. The company's net worth moved up by a moderate rise of 7.78%.
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What is the Ownership and Shareholding Structure of New India Electricals?
In 2023, New India Electricals had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Nie Power Andengg.Private LimitedHemanshu Desai and Nipul Desai are mutual person
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Korus Energy Solutions Private LimitedHemanshu Desai, Amisha Desai and 2 more are mutual person
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Bitmango Private LimitedHemanshu Desai is a mutual person
Charges (Loans)
₹2.00 Cr
₹9.90 Cr
Charges Breakdown by Lending Institutions
- Others : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2023 | Others | ₹2.00 Cr | Open |
| 16 Dec 2010 | State Bank Of India | ₹5.00 Cr | Satisfied |
| 21 Apr 2005 | Corporation Bank | ₹4.90 Cr | Satisfied |
How Many Employees Work at New India Electricals?
New India Electricals has a workforce of 52 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 New India Electricals, 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 New India Electricals'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.