Nitcon Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 2.35 M
- Company Age 40 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.00 Cr
- Satisfied Charges ₹ 1.25 M
- Revenue Growth 37.38%
- Profit Growth 140.00%
- Ebitda -715.70%
- Net Worth 10.08%
- Total Assets 11.18%
About Nitcon
Nitcon Limited (NL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 March 1984 and has a history of 40 years and ten months. Its registered office is in Chandigarh, India.
The Corporate was formerly known as North India Technical Consultancy Organisation Limited. The Company is engaged in the Business Outsourcing 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 1.00 Cr and a paid-up capital of Rs 2.35 M.
The company currently has active open charges totaling ₹4.00 Cr. The company has closed loans amounting to ₹1.25 M, as per Ministry of Corporate Affairs (MCA) records.
Sanjay Ahuja, Alok Perti, Balbir Singh, and Four other members serve as directors at the Company.
Company Details
- Location
Chandigarh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140CH1984PLC005796
- Company No.
005796
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Mar 1984
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Nitcon?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Satvinder Singh  | Managing Director | 24-Feb-2020 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sanjay Ahuja | Nominee Director | 26-Jun-2020 | Current |
| Alok Perti | Nominee Director | 04-Jul-2019 | Current |
| Balbir Singh | Nominee Director | 07-Jan-2022 | Current |
| Rakesh Ghole | Nominee Director | 23-May-2022 | Current |
| Davinder Singh | Nominee Director | Current | |
| Sanjeev Singh | Nominee Director | 16-May-2024 | Current |
Financial Performance of Nitcon.
Nitcon Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.38% increase. The company also saw a substantial improvement in profitability, with a 140% increase in profit. The company's net worth Soared by an impressive increase of 10.08%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nitcon?
In 2023, Nitcon had a promoter holding of 100.00%. 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)
Nitcon Social FoundationAlok Perti, Rakesh Ghole and 1 more are mutual person
Himachal Consultancy Organisation LtdBalbir Singh is a mutual person
Capital Small Finance Bank LimitedBalbir Singh is a mutual person
Mahadhan Agritech LimitedAlok Perti is a mutual person
Indian Acrylics LimitedSanjay Ahuja is a mutual person
Eqaro Surety Private LimitedAlok Perti is a mutual person
Charges (Loans)
₹4.00 Cr
₹0.13 Cr
Charges Breakdown by Lending Institutions
- Others : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Feb 2024 | Others | ₹2.00 Cr | Open |
| 05 Jan 2024 | Others | ₹2.00 Cr | Open |
| 27 Feb 1997 | Panjab Natioal Bank | ₹0.25 M | Satisfied |
| 27 Feb 1997 | Panjab Natioal Bank | ₹1.00 M | Satisfied |
How Many Employees Work at Nitcon?
Nitcon has a workforce of 125 employees as of Mar 21, 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 Nitcon, 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 Nitcon'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.
