Nitrex Chemicals India Limited

Founded in 2001 and headquartered in Gujarat, India.

2001 | Ahmedabad, Gujarat (India) | Active
Last Updated: July 06, 2024

Nitrex Chemicals India Profile

Key Indicators

  • Authorised Capital ₹ 49.94 Cr
  • Paid Up Capital ₹ 39.04 Cr
  • Company Age 24 Year, 14 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 40.24 Cr
  • Satisfied Charges ₹ 147.87 Cr
  • Revenue Growth 39.06%
  • Profit Growth 92.84%
  • Ebitda 94.65%
  • Net Worth 18.34%
  • Total Assets 12.58%

About Nitrex Chemicals India

Nitrex Chemicals India Limited (NCIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 February 2001 and has a history of 24 years. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Quest International (I) P Ltd. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 49.94 Cr and a paid-up capital of Rs 39.04 Cr.

The company currently has active open charges totaling ₹40.24 Cr. The company has closed loans amounting to ₹147.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nitrex Chemicals India Limited India are Juhi Shah as COMPANY SECRETARY and Darshit Chandrakant as Cfo. Monojit Chaudhuri, Rajesh Lodha, Mahendra Lodha, and One other member serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    nitrex.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U00000GJ2001PLC146496

  • Company No.

    109548

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Feb 2001

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing
Chemicals and Materials

Who are the key members and board of directors at Nitrex Chemicals India?

Executive Team (3)

NameDesignationAppointment DateStatus
Juhi Shah Country flag representing In Company Secretary18-Nov-2019Current
Monojit Chaudhuri Country flag representing In Managing Director18-Nov-2019Current
Darshit Chandrakant Country flag representing In CFO18-Nov-2019Current

Board Members (3)

NameDesignationAppointment DateStatus
Rajesh Lodha Country flag representing In Director 15-Sep-2015Current
Mahendra Lodha Country flag representing In Director 11-Aug-2008Current
Devang Sanghavi Country flag representing In Director 01-Dec-2015Current

Financial Performance of Nitrex Chemicals India.

Nitrex Chemicals India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.06% increase. The company also saw a substantial improvement in profitability, with a 92.84% increase in profit. The company's net worth Soared by an impressive increase of 18.34%.

Graph illustrating revenue growth over time
Graph showing 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
39.06%
Revenue from Operations
39.45%
Total Assets
12.58%
Profit or Loss
92.84%
Net Worth
18.34%
EBITDA
94.65%

What is the Ownership and Shareholding Structure of Nitrex Chemicals India?

In 2023, Nitrex Chemicals India had a promoter holding of 5.85% and a public holding of 94.15%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹40.24 Cr

Satisfied Charges

₹147.87 Cr

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 40.00 Cr
  • Hdfc Bank Limited : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
01 Oct 2021Hdfc Bank Limited₹2.36 MOpen
09 Jan 2013Standard Chartered Bank₹20.00 CrOpen
21 Apr 2005Standard Chartered Bank₹20.00 CrOpen
28 Oct 2020Hdfc Bank Limited₹1.35 MSatisfied
11 Dec 2014Standard Chartered Bank₹9.00 CrSatisfied

How Many Employees Work at Nitrex Chemicals India?

Nitrex Chemicals India has a workforce of 329 employees as of Mar 31, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nitrex Chemicals 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 Nitrex Chemicals India'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 Nitrex Chemicals India

Recent activity within the organization

  • Annual General Meeting

    Nitrex Chemicals India Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Charges

    A charge registered on 16 Jan 2013 via Charge ID 10400153 with Standard Chartered Bank was fully satisfied on 19 Jul 2023.

    19 Jul 2023

  • Balance Sheet

    Nitrex Chemicals India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 100502404 was registered on 01 Oct 2021.

    01 Oct 2021

  • Charges

    A charge registered on 28 Oct 2020 via Charge ID 100406294 with Hdfc Bank Limited was fully satisfied on 08 Sep 2021.

    08 Sep 2021

  • Charges

    A charge registered on 11 Dec 2014 via Charge ID 10540884 with Standard Chartered Bank was fully satisfied on 08 Apr 2021.

    08 Apr 2021

Frequently asked questions

  • Nitrex Chemicals India Limited was incorporated on 07 Feb 2001.

  • The authorized share capital of Nitrex Chemicals India Limited is ₹ 49.94 Cr and paid-up capital is ₹ 39.04 Cr.

  • Currently 6 directors are associated with Nitrex Chemicals India Limited.

    • Juhi Pavan Shah
    • Monojit Chaudhuri
    • Rajesh Man Mal Lodha
    • Mahendra Gumanmalji Lodha
    • Devang Punamchand Sanghavi
    • Darshit Shukla Chandrakant
  • As per Ministry of Corporate Affairs (Mca), the registered address of Nitrex Chemicals India Limited is 905 9Th Floor Shapath V Opp. Karanavati Club, S.G.Highway India, Ahmadabad City, Gujarat, 380015.

  • The corporate identification number (CIN) of Nitrex Chemicals India Limited is U00000GJ2001PLC146496 and the company number is 109548 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Nitrex Chemicals India Limited is https://www.nitrex.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Nitrex Chemicals India Limited has risen by 39.06%.

  • As Per 2023 financial reports, 329 employees are currently employed by Nitrex Chemicals India Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Nitrex Chemicals India Limited has experienced an upsurge of 18.34%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Nitrex Chemicals India Limited amount to ₹ 40.24 Cr.

  • The most recent Balance Sheet for Nitrex Chemicals India Limited was filed with the ROC on 31 Mar 2023.

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