Nowelco Industries Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.25 Cr
- Company Age 26 Year, 16 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.19 Cr
- Satisfied Charges ₹ 1.29 Cr
- Revenue Growth 32.86%
- Profit Growth -201.46%
- Ebitda -78.34%
- Net Worth -12.25%
- Total Assets 44.58%
About Nowelco Industries
Nowelco Industries Private Limited (NIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 January 1999 and has a history of 26 years. Its registered office is in Raipur, Chattisgarh, India.
The Company is engaged in the Metals And Minerals 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 1.50 Cr and a paid-up capital of Rs 1.25 Cr.
The company currently has active open charges totaling ₹2.19 Cr. The company has closed loans amounting to ₹1.29 Cr, as per Ministry of Corporate Affairs (MCA) records.
Prashant Garg, Neelu Garg, and Nitin Garg serve as directors at the Company.
Company Details
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Location
Raipur, Chattisgarh, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U29309CT1999PTC013276
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Company No.
013276
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Jan 1999
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Date of AGM
25 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chhattisgarh
Industry
Who are the key members and board of directors at Nowelco Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prashant Garg
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Director | 23-Aug-2005 | Current |
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Neelu Garg
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Director | 25-Sep-2021 | Current |
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Nitin Garg
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Director | 22-Feb-2020 | Current |
Financial Performance of Nowelco Industries.
Nowelco Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.86% increase. The company also saw a substantial fall in profitability, with a 201.46% decrease in profit. The company's net worth observed a substantial decline by a decrease of 12.25%.
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What is the Ownership and Shareholding Structure of Nowelco Industries?
In 2023, Nowelco Industries had a promoter holding of 92.41% and a public holding of 7.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Devi Kiran Advisory Services LlpPrashant Garg and Nitin Garg are mutual person
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Benvira Forward Algorithms Private Limited
Prashant Garg and Neelu Garg are mutual person
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N K Garg Foundation
Prashant Garg, Neelu Garg and 1 more are mutual person
Charges (Loans)
₹2.19 Cr
₹1.29 Cr
Charges Breakdown by Lending Institutions
- Others : 2.00 Cr
- Syndicate Bank : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 May 2024 | Others | ₹2.00 Cr | Open |
| 26 Jul 2004 | Syndicate Bank | ₹1.90 M | Open |
| 26 Jul 2004 | Others | ₹5.00 M | Satisfied |
| 24 Jun 2000 | Vijaya Bank | ₹3.30 M | Satisfied |
| 18 Dec 1999 | Vijaya Bank | ₹4.60 M | Satisfied |
How Many Employees Work at Nowelco Industries?
Nowelco Industries has a workforce of 9 employees as of Apr 10, 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 Nowelco Industries, 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 Nowelco Industries'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.
