North Eastern Development Finance Corporation Limited

Provides financial assistance and implements government initiatives through term loans.

1995 | Kamrup, Assam (India) | Active
Last Updated:

North Eastern Development Finance Corporation Profile

Key Indicators

  • Authorised Capital ₹ 500.00 Cr
  • Paid Up Capital ₹ 100.00 Cr
  • Company Age 29 Year, 7 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 seven 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

Financial Services

Who are the key members and board of directors at North Eastern Development Finance Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Venkata Poduri Country flag representing In Managing Director01-Jul-2021Current
Srijib Baruah Country flag representing In CFO05-May-2015Current
Veekash Agarwal Company Secretary01-Dec-2015Current

Board Members (9)

NameDesignationAppointment DateStatus
Ravi Kota Country flag representing In Director 23-May-2024Current
Anoop Kumar Country flag representing In Director 20-Jan-2021Current
Ugen Tashi Country flag representing In Director 21-Jul-2022Current
Kaushik Sinha Country flag representing In Director 29-Apr-2023Current
Nandita Hazarika Country flag representing In Director 12-Oct-2023Current
Bibekananda Acharya Country flag representing In Nominee Director 11-Oct-2023Current

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%.

North Eastern Development Finance Corporation revenue growth over time
North Eastern Development Finance Corporation 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
15.28%
Revenue from Operations
11.73%
Total Assets
13.40%
Profit or Loss
25.25%
Net Worth
7.68%
EBITDA
10.49%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹300.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 200.00 Cr
  • Sidbi : 100.00 Cr

Latest Charge Details

DateLenderAmountStatus
08 Oct 2024State Bank Of India₹200.00 CrOpen
30 Mar 2023Sidbi₹100.00 CrOpen

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.

Employee growth trends for North Eastern Development Finance Corporation Limited

Deals i

Graph showing company valuation over time

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

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 North Eastern Development Finance Corporation

Recent activity within the organization

  • Charges

    A charge with State Bank Of India amounted to Rs. 200.00 Cr with Charge ID 100986017 was registered on 08 Oct 2024.

  • Annual General Meeting

    North Eastern Development Finance Corporation Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Director Appointment

    Sahadevan Asari Radhakrishnan was appointed as a Director was appointed as a Director on 26 Jul 2024 & has been associated with this company since 7 months 16 days .

  • Director Appointment

    Ravi Kota was appointed as a Director was appointed as a Director on 23 May 2024 & has been associated with this company since 9 months 19 days .

  • Balance Sheet

    North Eastern Development Finance Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Shillong.

  • Director Appointment

    Mohmmad Nazmuddin was appointed as a Director was appointed as a Director on 28 Mar 2024 & has been associated with this company since 11 months 14 days .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of North Eastern Development Finance Corporation Limited?

    North Eastern Development Finance Corporation Limited was incorporated on 09 Aug 1995.

  • What is authorized share capital and paid-up capital of North Eastern Development Finance Corporation Limited?

    The authorized share capital of North Eastern Development Finance Corporation Limited is ₹ 500.00 Cr and paid-up capital is ₹ 100.00 Cr.

  • Who are the current board members & directors of North Eastern Development Finance Corporation Limited?

    Currently 12 directors are associated with North Eastern Development Finance Corporation Limited.

    • Ugen Tashi
    • Ravi Kota
    • Venkata Suryalakshmi Narasimha Murthy Poduri
    • Kaushik Sinha
    • Anoop Kumar
    • Nandita Hazarika
    • Bibekananda Acharya
    • Sahadevan Asari Radhakrishnan
    • Srijib Kumar Baruah
    • Veekash Kumar Agarwal
    • Mohmmad Nazmuddin
    • Donald Phillips Wahlang

  • What is the registered address of North Eastern Development Finance Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of North Eastern Development Finance Corporation Limited is Nedfi House G.S. Road, Dispur India, Guwahati, Assam, 781006.

  • What is the corporate identification number (CIN) and company number of North Eastern Development Finance Corporation Limited?

    The corporate identification number (CIN) of North Eastern Development Finance Corporation Limited is U65923AS1995GOI004529 and the company number is 004529 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of North Eastern Development Finance Corporation Limited?

    The Official website of North Eastern Development Finance Corporation Limited is https://www.nedfi.com

  • What has been the recent revenue trend for North Eastern Development Finance Corporation Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for North Eastern Development Finance Corporation Limited has risen by 15.28%.

  • How many employees does North Eastern Development Finance Corporation Limited currently have?

    As Per 2024 financial reports, 156 employees are currently employed by North Eastern Development Finance Corporation Limited.

  • What change has been observed in the net worth of North Eastern Development Finance Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of North Eastern Development Finance Corporation Limited has experienced an upsurge of 7.68%.

  • What are the total open charges for North Eastern Development Finance Corporation Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for North Eastern Development Finance Corporation Limited amount to ₹ 300.00 Cr.

  • When was the last Balance Sheet of North Eastern Development Finance Corporation Limited filed with the ROC?

    The most recent Balance Sheet for North Eastern Development Finance Corporation Limited was filed with the ROC on 31 Mar 2024.

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