Nitco Logistics Private Limited

Logistics company with 55 years of experience in road transport.

1964 | Jammu, Jammu & Kashmir (India) | Active
Last Updated:

Nitco Logistics Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.98 Cr
  • Company Age 60 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 85.45 Cr
  • Satisfied Charges ₹ 14.29 Cr
  • Revenue Growth 9.30%
  • Profit Growth 24.20%
  • Ebitda 40.09%
  • Net Worth -1.18%
  • Total Assets 5.22%

About Nitco Logistics

Nitco Logistics Private Limited (NLPL) was founded in India on 18 July 1964 and has a glorious history of 60 years and seven months. Its registered office is in Jammu, Jammu & Kashmir, India.

The Corporate was formerly known as Nitco Roadways Private Limited. The Company is engaged in the Transport And Logistics 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 5.00 Cr and a paid-up capital of Rs 3.98 Cr.

The company currently has active open charges totaling ₹85.45 Cr. The company has closed loans amounting to ₹14.29 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ajay Kochhar, Vinay Kochhar, Vijay Kochhar, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Jammu, Jammu & Kashmir, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    nitcologistics.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U60231JK1964PTC000288

  • Company No.

    000288

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jul 1964

  • Date of AGM

    06 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jammu

Industry

Transport and Logistics

What products or services does Nitco Logistics Private Limited offer?

Nitco Logistics Private Limited offers a wide range of products and services, including Logistics Service, Automobile Interiors & Accessories, Automotive Accessories, Forwarding & Custom Clearing, Cargo Transportation Services, Commercial Vehicles & Three Wheelers, Trucks, Transport Agents & Bulk Carriers, Express Cargo Services, Travel Service.

Who are the key members and board of directors at Nitco Logistics?

Executive Team (1)

NameDesignationAppointment DateStatus
Vijay Kochhar Country flag representing In Managing Director24-Oct-1967Current

Board Members (9)

NameDesignationAppointment DateStatus
Ajay Kochhar Country flag representing In Director 01-Apr-1994Current
Vinay Kochhar Country flag representing In Director 21-Mar-2022Current
Darshan Handa Country flag representing In Director 20-Nov-2010Current
Vineet Kochhar Country flag representing In Director 19-Mar-2019Current
Amrit Kochhar Country flag representing In Whole-Time Director 19-Mar-2019Current
Jaya Merh Country flag representing In Director 21-Mar-2022Current

Financial Performance of Nitco Logistics.

Nitco Logistics Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.3% increase. The company also saw a substantial improvement in profitability, with a 24.2% increase in profit. The company's net worth dipped by a decrease of 1.18%.

Nitco Logistics revenue growth over time
Nitco Logistics profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
9.30%
Revenue from Operations
9.68%
Total Assets
5.22%
Profit or Loss
24.20%
Net Worth
-1.18%
EBITDA
40.09%

What is the Ownership and Shareholding Structure of Nitco Logistics?

In 2023, Nitco Logistics had a promoter holding of 4.25% and a public holding of 95.75%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹85.45 Cr

Satisfied Charges

₹14.29 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 50.75 Cr
  • Hdfc Bank Limited : 32.48 Cr
  • Icici Bank Ltd. : 0.67 Cr
  • Citibank N.A. : 0.58 Cr
  • Citi Bank N.A. : 0.45 Cr
  • Others : 0.53 Cr

Latest Charge Details

DateLenderAmountStatus
08 Aug 2024Hdfc Bank Limited₹2.18 CrOpen
09 Jul 2024Hdfc Bank Limited₹2.70 MOpen
13 Jun 2024Hdfc Bank Limited₹2.33 MOpen
07 Jun 2024Hdfc Bank Limited₹3.85 MOpen
09 May 2024Hdfc Bank Limited₹2.12 CrOpen

How Many Employees Work at Nitco Logistics?

Nitco Logistics has a workforce of 1193 employees as of Apr 04, 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.

Employee growth trends for Nitco Logistics Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nitco Logistics, 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 Nitco Logistics's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Nitco Logistics

Recent activity within the organization

  • Charges

    A charge with Canara Bank of Rs. 33.00 Cr registered on 08 Nov 2002 with Charge ID 90323854 was modified on 24 Oct 2024.

  • Annual General Meeting

    Nitco Logistics Private Limited last Annual general meeting of members was held on 06 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 2.18 Cr with Charge ID 101008851 was registered on 08 Aug 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100982271 was registered on 09 Jul 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100982245 was registered on 13 Jun 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.39 Cr with Charge ID 100954672 was registered on 07 Jun 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Nitco Logistics Private Limited?

    Nitco Logistics Private Limited was incorporated on 18 Jul 1964.

  • What is authorized share capital and paid-up capital of Nitco Logistics Private Limited?

    The authorized share capital of Nitco Logistics Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.98 Cr.

  • Who are the current board members & directors of Nitco Logistics Private Limited?

    Currently 10 directors are associated with Nitco Logistics Private Limited.

    • Ajay Kochhar
    • Vinay Kochhar
    • Vijay Kochhar
    • Darshan Lal Handa
    • Vineet Kochhar
    • Amrit Kochhar
    • Jaya Kochhar Merh
    • Reeta Kochhar
    • Manu Kochhar
    • Suman Handa

  • What is the registered address of Nitco Logistics Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nitco Logistics Private Limited is Nitco House Lanetalab Tillo India, Jammu And Kashmir, Jammu & Kashmir, 180002.

  • What is the corporate identification number (CIN) and company number of Nitco Logistics Private Limited?

    The corporate identification number (CIN) of Nitco Logistics Private Limited is U60231JK1964PTC000288 and the company number is 000288 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Nitco Logistics Private Limited?

    The Official website of Nitco Logistics Private Limited is https://www.nitcologistics.com

  • What has been the recent revenue trend for Nitco Logistics Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Nitco Logistics Private Limited has risen by 9.30%.

  • How many employees does Nitco Logistics Private Limited currently have?

    As Per 2023 financial reports, 1193 employees are currently employed by Nitco Logistics Private Limited.

  • What change has been observed in the net worth of Nitco Logistics Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Nitco Logistics Private Limited has experienced an downturn of -1.18%.

  • What are the total open charges for Nitco Logistics Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Nitco Logistics Private Limited amount to ₹ 85.45 Cr.

  • When was the last Balance Sheet of Nitco Logistics Private Limited filed with the ROC?

    The most recent Balance Sheet for Nitco Logistics Private Limited was filed with the ROC on 31 Mar 2024.

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