Nitco Logistics Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.98 Cr
- Company Age 60 Year, 6 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 six 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
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Location
Jammu, Jammu & Kashmir, 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
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Apps
Corporate Identity Details
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CIN/LLPIN
U60231JK1964PTC000288
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Company No.
000288
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
18 Jul 1964
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Date of AGM
06 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Jammu
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Kochhar
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Managing Director | 24-Oct-1967 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Ajay Kochhar
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Director | 01-Apr-1994 | Current |
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Vinay Kochhar
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Director | 21-Mar-2022 | Current |
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Darshan Handa
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Director | 20-Nov-2010 | Current |
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Vineet Kochhar
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Director | 19-Mar-2019 | Current |
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Amrit Kochhar
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Whole-Time Director | 19-Mar-2019 | Current |
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Jaya Merh
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Director | 21-Mar-2022 | Current |
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%.
- Key Matrics
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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.
Related Corporates (Common Directorship)
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Sujata Hotel Private LimitedVinay Kochhar and Vijay Kochhar are mutual person
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Sk Ahluwalia Consultants LlpAjay Kochhar is a mutual person
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Avcp Venture Capital Llp
Ajay Kochhar is a mutual person
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Acsv Partners Llp
Ajay Kochhar is a mutual person
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A V C P Llp
Ajay Kochhar is a mutual person
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Acwh Venture Partners Llp
Ajay Kochhar is a mutual person
Charges (Loans)
₹85.45 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Aug 2024 | Hdfc Bank Limited | ₹2.18 Cr | Open |
| 09 Jul 2024 | Hdfc Bank Limited | ₹2.70 M | Open |
| 13 Jun 2024 | Hdfc Bank Limited | ₹2.33 M | Open |
| 07 Jun 2024 | Hdfc Bank Limited | ₹3.85 M | Open |
| 09 May 2024 | Hdfc Bank Limited | ₹2.12 Cr | Open |
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.
Deals i
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
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.
