The India Thermit Corporation Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 3.60 Cr
- Company Age 73 Year, 4 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 four 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
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Location
Delhi, 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
U74999DL1951PLC161818
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Company No.
161818
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
26 Sep 1951
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Date of AGM
26 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 Delhi
Industry
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
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Managing Director | 06-Nov-1990 | Current |
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Ankit Nagory
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CEO | 01-Aug-2016 | Current |
| Vidit Nagory | CEO | 01-Aug-2016 | Current |
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Diwaker Dubey
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Company Secretary | 10-Dec-2019 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ankit Nagory
|
Director and Ceo | 01-Sep-2019 | Current |
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Shishir Jaipuria
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Director | 27-Jul-2015 | Current |
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Vidit Nagory
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Director | 01-Sep-2019 | Current |
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Songit Bagrodia
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Director | 30-Jun-2023 | Current |
Georg Friberg
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Director | 17-Jun-2020 | Current |
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Caspar Kanz
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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%.
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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)
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Tollygunge Club Ltd.Songit Bagrodia is a mutual person
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Thiess Minecs India Private LimitedSongit Bagrodia is a mutual person
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Phd Chamber Of Commerce And IndustryShishir Jaipuria is a mutual person
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Nagory Foster Private LimitedAlok Nagory and Ankit Nagory are mutual person
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Jng Construction Private Ltd.Shishir Jaipuria is a mutual person
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Minsol LimitedSongit Bagrodia is a mutual person
Charges (Loans)
₹146.00 Cr
₹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.
