Nitiraj Engineers Limited

Founded in 1999 and headquartered in Maharashtra, India.

1999 | Mumbai, Maharashtra (India) | Active
Last Updated:

Nitiraj Engineers Profile

Key Indicators

  • Authorised Capital ₹ 11.00 Cr
  • Paid Up Capital ₹ 10.25 Cr
  • Company Age 26 Year, 2 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 16.50 Cr
  • Satisfied Charges ₹ 6.45 Cr
  • Revenue Growth 15.77%
  • Profit Growth 88.96%
  • Ebitda 98.20%
  • Net Worth -0.94%
  • Total Assets 2.67%

About Nitiraj Engineers

Nitiraj Engineers Limited (NEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 April 1999 and has a history of 26 years. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the National Stock Exchange(NSE) under the ticker symbol NITIRAJ.

The Corporate was formerly known as Nitiraj Engineers 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 11.00 Cr and a paid-up capital of Rs 10.25 Cr.

The company currently has active open charges totaling ₹16.50 Cr. The company has closed loans amounting to ₹6.45 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nitiraj Engineers Limited India are Ashishkumar Sharma as CFO and Deepika Dalmiya as Company Secretary. Rajesh Bhatwal, Yi Sin, Shakuntala Bhatwal, and Five other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L31909MH1999PLC119231

  • Company No.

    119231

  • Stock Symbol

    NSE : NITIRAJ

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Apr 1999

  • Date of AGM

    24 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Nitiraj Engineers Limited offer?

Nitiraj Engineers Limited offers a wide range of products and services, including Weighing Scales & Measuring Tapes, Personal Weighing Scale, Cranes, Forklift & Lifting Machines, Crane Spare Parts, Measuring Equipments & Instruments, Money Counter, Jewellery Making Tools & Machines, Jewellery Making Tools, Hanging Scales, Weighing Scale.

Who are the key members and board of directors at Nitiraj Engineers?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Bhatwal Country flag representing In Managing Director27-Apr-1999Current
Ashishkumar Sharma CFO21-Jun-2024Current
Deepika Dalmiya Company Secretary16-Sep-2019Current

Board Members (7)

NameDesignationAppointment DateStatus
Yi Sin Country flag representing In Whole-Time Director 01-Jul-2003Current
Shakuntala Bhatwal Country flag representing In Whole-Time Director 27-Apr-1999Current
Pradeep Shah Country flag representing In Director 13-Feb-2024Current
Deepam Shah Country flag representing In Director 06-Jan-2022Current
Pranit Bangad Country flag representing In Director 06-Jan-2022Current
Avinash Chandsarkar Country flag representing In Director 06-Jan-2022Current

Financial Performance of Nitiraj Engineers.

Nitiraj Engineers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.77% increase. The company also saw a substantial improvement in profitability, with a 88.96% increase in profit. The company's net worth dipped by a decrease of 0.94%.

Nitiraj Engineers revenue growth over time
Nitiraj Engineers 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
15.77%
Revenue from Operations
16.29%
Total Assets
2.67%
Profit or Loss
88.96%
Net Worth
-0.94%
EBITDA
98.20%

What is the Ownership and Shareholding Structure of Nitiraj Engineers?

In 2023, Nitiraj Engineers had a promoter holding of 69.07% and a public holding of 30.93%. The company had 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

₹16.50 Cr

Satisfied Charges

₹6.45 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 16.50 Cr

Latest Charge Details

DateLenderAmountStatus
03 Aug 2010Hdfc Bank Limited₹16.50 CrOpen
28 Apr 2000State Bank Of India₹1.45 CrSatisfied
28 Apr 2000State Bank Of India₹5.00 CrSatisfied

How Many Employees Work at Nitiraj Engineers?

Nitiraj Engineers has a workforce of 268 employees as of Apr 03, 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 Nitiraj Engineers Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nitiraj Engineers, 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 Nitiraj Engineers'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 Nitiraj Engineers

Recent activity within the organization

  • Annual General Meeting

    Nitiraj Engineers Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records.

  • Director Appointment

    Ashishkumar Gopalkrushna Sharma was appointed as a Cfo was appointed as a Cfo on 21 Jun 2024 & has been associated with this company since 9 months 12 days .

  • Balance Sheet

    Nitiraj Engineers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Pradeep Chandrakant Shah was appointed as a Director was appointed as a Director on 13 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Gajendra Sharadchandra Deshmukh was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 13 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge with Hdfc Bank Limited of Rs. 16.50 Cr registered on 03 Aug 2010 with Charge ID 10234837 was modified on 09 Jun 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Nitiraj Engineers Limited?

    Nitiraj Engineers Limited was incorporated on 01 Apr 1999.

  • What is authorized share capital and paid-up capital of Nitiraj Engineers Limited?

    The authorized share capital of Nitiraj Engineers Limited is ₹ 11.00 Cr and paid-up capital is ₹ 10.25 Cr.

  • Who are the current board members & directors of Nitiraj Engineers Limited?

    Currently 10 directors are associated with Nitiraj Engineers Limited.

    • Rajesh Raghunath Bhatwal
    • Yi Hung Sin
    • Shakuntala Rajesh Bhatwal
    • Pradeep Chandrakant Shah
    • Deepam Pradeep Shah
    • Pranit Anil Bangad
    • Avinash Rajaram Chandsarkar
    • Gajendra Sharadchandra Deshmukh
    • Ashishkumar Gopalkrushna Sharma
    • Deepika Amit Dalmiya
  • What is the registered address of Nitiraj Engineers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nitiraj Engineers Limited is 306 A Babha Bldgn M Marg Near Police Station India, Mumbai, Maharashtra, 400011.

  • What is the corporate identification number (CIN) and company number of Nitiraj Engineers Limited?

    The corporate identification number (CIN) of Nitiraj Engineers Limited is L31909MH1999PLC119231 and the company number is 119231 as per Ministry of Corporate Affairs (MCA).

  • Is Nitiraj Engineers Limited registered with any stock exchange in India?

    Yes, Nitiraj Engineers Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Nitiraj Engineers Limited?

    The Official website of Nitiraj Engineers Limited is https://www.nitiraj.net

  • What has been the recent revenue trend for Nitiraj Engineers Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Nitiraj Engineers Limited has risen by 15.77%.

  • How many employees does Nitiraj Engineers Limited currently have?

    As Per 2023 financial reports, 268 employees are currently employed by Nitiraj Engineers Limited.

  • What change has been observed in the net worth of Nitiraj Engineers Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Nitiraj Engineers Limited has experienced an downturn of -0.94%.

  • What are the total open charges for Nitiraj Engineers Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Nitiraj Engineers Limited amount to ₹ 16.50 Cr.

  • When was the last Balance Sheet of Nitiraj Engineers Limited filed with the ROC?

    The most recent Balance Sheet for Nitiraj Engineers Limited was filed with the ROC on 31 Mar 2024.

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