North Eastern Development Finance Corporation Profile
Key Indicators
- Authorised Capital ₹ 500.00 Cr
- Paid Up Capital ₹ 100.00 Cr
- Company Age 29 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 300.00 Cr
- Revenue Growth 15.28%
- Profit Growth 25.25%
- Ebitda 10.49%
- Net Worth 7.68%
- Total Assets 13.40%
About North Eastern Development Finance Corporation
North Eastern Development Finance Corporation Limited (NEDFCL) is a leading Public Limited Union Government Company incorporated in India on 09 August 1995 and has a history of 29 years and six months. Its registered office is in Kamrup, Assam, India.
The Company is engaged in the Financial Services 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 500.00 Cr and a paid-up capital of Rs 100.00 Cr.
The company currently has active open charges totaling ₹300.00 Cr.
The Key Managerial Personnel (KMP) at North Eastern Development Finance Corporation Limited India are Srijib Baruah as CFO and Veekash Agarwal as Company Secretary. Ugen Tashi, Ravi Kota, Venkata Poduri, and Seven other members serve as directors at the Company.
Company Details
- Location
Kamrup, Assam, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U65923AS1995GOI004529
- Company No.
004529
- Company Classification
Public Limited Union Government Company
- Incorporation Date
09 Aug 1995
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Shillong
Industry
Who are the key members and board of directors at North Eastern Development Finance Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Venkata Poduri  | Managing Director | 01-Jul-2021 | Current |
| Srijib Baruah | CFO | 05-May-2015 | Current |
| Veekash Agarwal | Company Secretary | 01-Dec-2015 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravi Kota | Director | 23-May-2024 | Current |
| Anoop Kumar | Director | 20-Jan-2021 | Current |
| Ugen Tashi | Director | 21-Jul-2022 | Current |
| Kaushik Sinha | Director | 29-Apr-2023 | Current |
| Nandita Hazarika | Director | 12-Oct-2023 | Current |
| Bibekananda Acharya | Nominee Director | 11-Oct-2023 | Current |
Financial Performance of North Eastern Development Finance Corporation.
North Eastern Development Finance Corporation Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 15.28% increase. The company also saw a substantial improvement in profitability, with a 25.25% increase in profit. The company's net worth moved up by a moderate rise of 7.68%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of North Eastern Development Finance Corporation?
In 2024, North Eastern Development Finance Corporation had a promoter holding of 100.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Nedfi Venture Capital LimitedVenkata Poduri is a mutual person
Numaligarh Refinery LtdRavi Kota is a mutual person
Nedfi Trustee LimitedVenkata Poduri is a mutual person
Shillong Smart City LimitedDonald Wahlang is a mutual person
Charges (Loans)
₹300.00 Cr
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 200.00 Cr
- Sidbi : 100.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Oct 2024 | State Bank Of India | ₹200.00 Cr | Open |
| 30 Mar 2023 | Sidbi | ₹100.00 Cr | Open |
How Many Employees Work at North Eastern Development Finance Corporation?
North Eastern Development Finance Corporation has a workforce of 156 employees as of Jan 04, 2025. 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 North Eastern Development Finance Corporation, 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 North Eastern Development Finance Corporation'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.
