The India Thermit Corporation Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 3.60 Cr
- Company Age 73 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 146.00 Cr
- Satisfied Charges ₹ 31.30 Cr
- Revenue Growth 2.43%
- Profit Growth -21.16%
- Ebitda -26.73%
- Net Worth 5.53%
- Total Assets 4.43%
About The India Thermit Corporation
The India Thermit Corporation Limited (TITCL) was founded in India on 26 September 1951 and has a glorious history of 73 years and five months. Its registered office is in Delhi, India.
The Company is engaged in the Transport And Logistics 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 4.00 Cr and a paid-up capital of Rs 3.60 Cr.
The company currently has active open charges totaling ₹146.00 Cr. The company has closed loans amounting to ₹31.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at The India Thermit Corporation Limited India are Ankit Nagory as Ceo, Vidit Nagory as Ceo, and Diwaker Dubey as Company Secretary. Shishir Jaipuria, Alok Nagory, Vidit Nagory, and Four other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999DL1951PLC161818
- Company No.
161818
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Sep 1951
- Date of AGM
26 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Transport and Logistics
What products or services does The India Thermit Corporation Limited offer?
The India Thermit Corporation Limited offers a wide range of products and services, including Cranes, Forklift & Lifting Machines, Crane Trolley, Railway, Railroad & Train Components, Railway Track Fittings, Ball Bearings and Bearing Assemblies, Plain Bearings, Drills, Grinders, Saws & Power Tools, Electric Cutting Tools, Milling & Grinding Tools, Grinding Machines.
Who are the key members and board of directors at The India Thermit Corporation?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Alok Nagory  | Managing Director | 06-Nov-1990 | Current |
| Ankit Nagory | CEO | 01-Aug-2016 | Current |
| Vidit Nagory | CEO | 01-Aug-2016 | Current |
| Diwaker Dubey | Company Secretary | 10-Dec-2019 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ankit Nagory | Director and Ceo | 01-Sep-2019 | Current |
| Shishir Jaipuria | Director | 27-Jul-2015 | Current |
| Vidit Nagory | Director | 01-Sep-2019 | Current |
| Songit Bagrodia | Director | 30-Jun-2023 | Current |
Georg Friberg  | Director | 17-Jun-2020 | Current |
| Caspar Kanz | Director | 14-Mar-2023 | Current |
Financial Performance of The India Thermit Corporation.
The India Thermit Corporation Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 2.43% increase. The company also saw a substantial fall in profitability, with a 21.16% decrease in profit. The company's net worth moved up by a moderate rise of 5.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of The India Thermit Corporation?
In 2023, The India Thermit Corporation had a promoter holding of 93.59% and a public holding of 6.41%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Tollygunge Club Ltd.Songit Bagrodia is a mutual person
Thiess Minecs India Private LimitedSongit Bagrodia is a mutual person
Phd Chamber Of Commerce And IndustryShishir Jaipuria is a mutual person
Nagory Foster Private LimitedAlok Nagory and Ankit Nagory are mutual person
Jng Construction Private Ltd.Shishir Jaipuria is a mutual person
Minsol LimitedSongit Bagrodia is a mutual person
Charges (Loans)
Open Charges
₹146.00 Cr
Satisfied Charges
₹31.30 Cr
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 60.00 Cr
- Hdfc Bank Limited : 54.00 Cr
- Others : 32.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2021 | Standard Chartered Bank | ₹5.00 Cr | Open |
| 14 Mar 2015 | Others | ₹32.00 Cr | Open |
| 03 Nov 2008 | Hdfc Bank Limited | ₹54.00 Cr | Open |
| 19 Jan 2007 | Standard Chartered Bank | ₹55.00 Cr | Open |
| 26 Dec 2017 | Others | ₹5.00 Cr | Satisfied |
How Many Employees Work at The India Thermit Corporation?
The India Thermit Corporation has a workforce of 1240 employees as of Jul 02, 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 The India Thermit 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 The India Thermit 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.
Latest Updates, News, and FAQs on The India Thermit Corporation
Recent activity within the organization
- Annual General Meeting
The India Thermit Corporation Limited last Annual general meeting of members was held on 26 Sep 2023 as per latest MCA records.
- Director Appointment
Songit Kumar Bagrodia was appointed as a Director was appointed as a Director on 30 Jun 2023 & has been associated with this company since 1 year 8 months .
- Balance Sheet
The India Thermit Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge registered on 26 Dec 2017 via Charge ID 100160341 with Others was fully satisfied on 23 Jul 2021.
- Charges
A charge with Standard Chartered Bank amounted to Rs. 5.00 Cr with Charge ID 100456385 was registered on 16 Jun 2021.
- Charges
A charge with Others of Rs. 32.00 Cr registered on 14 Mar 2015 with Charge ID 10581964 was modified on 22 Apr 2021.
Frequently asked questions
What is the Incorporation or founding date of The India Thermit Corporation Limited?
The India Thermit Corporation Limited was incorporated on 26 Sep 1951.
What is authorized share capital and paid-up capital of The India Thermit Corporation Limited?
The authorized share capital of The India Thermit Corporation Limited is ₹ 4.00 Cr and paid-up capital is ₹ 3.60 Cr.
Who are the current board members & directors of The India Thermit Corporation Limited?
Currently 10 directors are associated with The India Thermit Corporation Limited.
- Shishir Jaipuria
- Alok Nagory
- Vidit Nagory
- Songit Kumar Bagrodia
- Ankit Nagory
- Georg Maria Friberg
- Caspar Sebastian Kanz
- Ankit Nagory
- Vidit Nagory
- Diwaker Dubey
What is the registered address of The India Thermit Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of The India Thermit Corporation Limited is Unit No-212 2Nd Floor, Worldmark 2 Aerocity India, New Delhi, 110037.
What is the corporate identification number (CIN) and company number of The India Thermit Corporation Limited?
The corporate identification number (CIN) of The India Thermit Corporation Limited is U74999DL1951PLC161818 and the company number is 161818 as per Ministry of Corporate Affairs (MCA).
What is the official website of The India Thermit Corporation Limited?
The Official website of The India Thermit Corporation Limited is https://www.indiathermit.com
What has been the recent revenue trend for The India Thermit Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for The India Thermit Corporation Limited has risen by 2.43%.
How many employees does The India Thermit Corporation Limited currently have?
As Per 2023 financial reports, 1240 employees are currently employed by The India Thermit Corporation Limited.
What change has been observed in the net worth of The India Thermit Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of The India Thermit Corporation Limited has experienced an upsurge of 5.53%.
What are the total open charges for The India Thermit Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for The India Thermit Corporation Limited amount to ₹ 146.00 Cr.
When was the last Balance Sheet of The India Thermit Corporation Limited filed with the ROC?
The most recent Balance Sheet for The India Thermit Corporation Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Shailendra GuptaDirectorOV
Om VaishDirectorBP
Binod PatodiaDirectorSS
Shailendra SwarupDirectorRJ
Rajaram JaipuriaDirectorSN
Sudha NagoryDirectorRS
Rakesh SrivastavaDirectorPN
Pradeep NigamCompany Secretary and Secretary
Similar Companies Based on Railway Equipment & Supply
Escorts Kubota Limited Faridabad, Haryana, India
Medha Servo Drives Pvt Ltd Rangareddy, Telangana, India
Fiat India Automobiles Private Limited Pune, Maharashtra, India
Alstom Transport India Limited Bangalore, Karnataka, India
Beml Limited Bangaluru, Karnataka, India
Plasser (India) Private Limited New Delhi, Delhi, India
Rites Limited Delhi, India
Cg Power And Industrial Solutions Limited Mumbai, Maharashtra, India