About Nicomet Industries
Nicomet Industries is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 1993, and was acquired by Vedanta Resources in December 2021. Cobalt and nickel metals are manufactured by Nicomet Industries. The company has 352 employees. Its Indian entity Nicomet Industries Limited reported revenue of ₹246 Cr. Its focus areas include Chemicals and Materials, Metals and Alloys and Diversified.
Company details
Nicomet Industries was established in 1993 in Mumbai, India, within the metals manufacturing sector. Cobalt and nickel metals are produced through dedicated operations based in the city. These materials are supplied to industrial applications requiring high-quality alloys and components. The company is led by Managing Director Rp Agarwal, with focus maintained on core production processes and regional distribution.
- Headquarters Mumbai, India
- Employees 352
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website nicomet.com
- Acquired by Vedanta Resources (Dec 2021)
- Legal Name Nicomet Industries Limited
- Date of Incorporation 02 Apr, 1993
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹246 Cr
FY 2018 · +33% YoY
- Net Loss-₹206 Cr
FY 2018 · -84% margin
- EBITDA-₹58.79 Cr
FY 2018 · -24% margin
- Investors
- Employee Count352
- Acquired byVedanta Resources
(Dec 2021)
Associated legal entities of Nicomet Industries
Nicomet Industries operates through Nicomet Industries Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nicomet Industries Limited CIN U27200MH1993PLC071450 | Under Liquidation | 02 Apr 1993 | Mumbai, Maharashtra | ₹246 Cr | 352 | 6 | View details |
Investors in Nicomet Industries
Nicomet Industries has secured backing from 1 investor. Prominent investors backing the company include Vedanta Resources.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Natural resources company | 1976 | vedantaresources.com | London, United Kingdom |
Investor details for Nicomet Industries
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Board of directors of Nicomet Industries Limited (Nicomet Industries)
Nicomet Industries Limited is the primary company behind Nicomet Industries. The board of Nicomet Industries Limited currently have 4 directors; the longest-serving is Ankit Rajendra Agrawal, appointed in 2012. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Rajendra Agrawal DIN 00605952 | Whole-time director | 21 Jun 2012 | 14 yrs 4 mo | Nicomet Industries Limited |
| Rajendra Prasad Agrawal DIN 00605850 | Managing Director | 05 Aug 2014 | 12 yrs 2 mo | Nicomet Industries Limited |
| Atul Rajendra Agrawal DIN 00823354 | Director | 05 Aug 2014 | 12 yrs 2 mo | Nicomet Industries Limited |
| Kamal Nayan Ranchhorlal Chaturvedi DIN 01400720 | CFO | 05 Aug 2014 | 12 yrs 2 mo | Nicomet Industries Limited |
People of Nicomet Industries
1 people are tracked at Nicomet Industries (1 in leadership); the tracked headcount is 352.
| Name | Role | Group |
|---|---|---|
Rp agarwal Nicomet | Managing Director | Leadership |
Complete people profiles for Nicomet Industries
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Financials of Nicomet Industries
Figures of Nicomet Industries Limited, the primary company behind Nicomet Industries, for FY 2018. Revenue was ₹246 Cr (+33% year on year). Net loss was -₹206 Cr (-84% margin). EBITDA was -₹58.79 Cr (-24% margin). Revenue has grown at a compounded annual rate of -4% over three years.
- ₹246 CrRevenue · FY 2018 · +33% YoY
- -₹206 CrNet loss · -84% margin
- -₹58.79 CrEBITDA · -24% margin
- ₹24.75 CrPaid-up capital
- 352Employees (provident fund records)
- -4%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Nicomet Industries Limited are on its company page.
Detailed financial statements for Nicomet Industries
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Timeline of Nicomet Industries
2 dated milestones of Nicomet Industries across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Nicomet Industries is founded.
- Exit Acquired by Vedanta Resources.
Top companies in Metals & Minerals
3 companies that operate in the same segment as Nicomet Industries (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 20.78 B | 78,760 |
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Frequently Asked Questions about Nicomet Industries
Nicomet Industries was founded in 1993.
Nicomet Industries is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nicomet Industries has 352 employees.
The primary company behind Nicomet Industries, Nicomet Industries Limited, reported revenue of ₹246 Cr for FY 2018, up 33% year on year.
Nicomet Industries was established in 1993 in Mumbai, India, within the metals manufacturing sector. Cobalt and nickel metals are produced through dedicated operations based in the city. These materials are supplied to industrial applications requiring high-quality alloys and components. The company is led by Managing Director Rp Agarwal, with focus maintained on core production processes and regional distribution.
Nicomet Industries has 1 investor. Key investors include Vedanta Resources.
Nicomet Industries operates through Nicomet Industries Limited.
Yes. Nicomet Industries was acquired by Vedanta Resources in December 2021.
The legal entities of Nicomet Industries currently have 5 directors, including Rajendra Prasad Agrawal, Ankit Rajendra Agrawal, Kamal Nayan Chaturvedi and others.