Nichrome India Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 6.61 Cr
- Company Age 65 Year, 2 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 35.09 Cr
- Satisfied Charges ₹ 36.76 Cr
- Revenue Growth -2.07%
- Profit Growth -57.31%
- Ebitda -39.30%
- Net Worth 2.08%
- Total Assets -1.92%
About Nichrome India
Nichrome India Limited (NIL) was founded in India on 29 January 1960 and has a glorious history of 65 years . Its registered office is in Pune, Maharashtra, India.
The Corporate was formerly known as Tetra Pak Nichrome (India) Private Limited. The Company is engaged in the Machinery And Equipment 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 10.00 Cr and a paid-up capital of Rs 6.61 Cr.
The company currently has active open charges totaling ₹35.09 Cr. The company has closed loans amounting to ₹36.76 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shrinivas Joshi, Mukund Vasant, Ashok Kothary, and Four other members serve as directors at the Company.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28113MH1960PLC011575
- Company No.
011575
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Jan 1960
- Date of AGM
20 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Pune
Industry
What products or services does Nichrome India Limited offer?
Nichrome India Limited offers a wide range of products and services, including Form Fill & Seal Machines, Vertical Form Fill Seal Machines, Filling Machines & Plants, Powder Filling Machine, Pharmaceutical Packaging Machines, Bag Packaging Machines, Weighing Scales & Measuring Tapes, Industrial Scale, Packaging Machine, Filling Machines.
Who are the key members and board of directors at Nichrome India?
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Upendra Deglurkar  | Director | 05-Sep-2024 | Current |
| Shrinivas Joshi | Whole-Time Director | 03-Apr-1990 | Current |
| Ramchandra Rao | Director | 10-Apr-2023 | Current |
| Mukund Vasant | Director | 19-Jan-2024 | Current |
| Mrunalini Joshi | Whole-Time Director | 29-Jun-2013 | Current |
| Ashok Kothary | Director | 22-Oct-1994 | Current |
Financial Performance of Nichrome India.
Nichrome India Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.07% decrease. The company also saw a substantial fall in profitability, with a 57.31% decrease in profit. The company's net worth moved up by a moderate rise of 2.08%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Nichrome India?
In 2023, Nichrome India had a promoter holding of 95.02% and a public holding of 4.98%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Welset Plast Extrusions Private LimitedAshok Kothary is a mutual person
Nichrome Info Management Private LimitedShrinivas Joshi and Ashok Kothary are mutual person
Bobst India Private LimitedUpendra Deglurkar is a mutual person
Baif Agro And Bio Technology Private LimitedAshok Kothary is a mutual person
Universal Starch Chem Allied LimitedAshok Kothary is a mutual person
3P Land Holdings LimitedUpendra Deglurkar is a mutual person
Charges (Loans)
₹35.09 Cr
₹36.76 Cr
Charges Breakdown by Lending Institutions
- Others : 33.69 Cr
- Sidbi : 1.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2023 | Others | ₹5.00 Cr | Open |
| 21 Oct 2022 | Sidbi | ₹8.63 M | Open |
| 09 Dec 2021 | Others | ₹1.99 M | Open |
| 24 Nov 2021 | Sidbi | ₹5.35 M | Open |
| 31 Oct 2018 | Others | ₹4.90 M | Open |
How Many Employees Work at Nichrome India?
Nichrome India has a workforce of 237 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 Nichrome India, 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 Nichrome India'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.
