About Echar Enterprises Private Limited
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Echar Enterprises Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 02 September 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH2004PTC148376. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ashok Mallapa Nakman and Mamta Rawsab Nakman.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 245 Shanti Industrial Estatesarojini Naidu Road Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹31,800, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹4.07 Lakh and EBITDA of -₹4.07 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 85% over three years and 73% over five years.
As per MCA filings, the company has open charges of ₹72 Lakh and satisfied charges of ₹11.72 Cr on record.
The last known website on record is hcsystems.co.in.
Company details
Contact details
Echar Enterprises Private Limited's registered office is in Mumbai, Maharashtra. Its website is hcsystems.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address245 Shanti Industrial Estatesarojini Naidu Road Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Echar Enterprises Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Echar Enterprises Private Limited
FY 2024 filings availableEchar Enterprises Private Limited reported revenue of ₹31,800 (down 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 53% fall in the latest year. EBITDA rose 31% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹4.07 Lakh | ||||
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| Net Profit (PAT) | -₹4.07 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Echar Enterprises Private Limited, buy the company report.
Board of directors of Echar Enterprises Private Limited
Echar Enterprises has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Mallapa Nakman | Director | 02 Sep 2004 | 22 Years 1 Months | Current |
| Mamta Rawsab Nakman Also directs: Echar Engineering Private Limited | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Peer comparison
Echar Enterprises Private Limited is compared with the 10 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambica Engitech Private Limited | ₹60,411 (FY 2024) | Ahmedabad, Gujarat, India | ||||
| Ke-Material Handling Private Limited | ₹45,700 (FY 2025) | 27.0% | Bangalore, Karnataka, India | |||
| Ambica Towsafe Private Limited | ₹42,059 (FY 2024) | 24.0% | Ahmedabad, Gujarat, India | |||
| Idler Machinery Private Limited | ₹40,867 (FY 2025) | -22.0% | New Delhi, Delhi, India | |||
| Ashmec Equipments Private Limited | ₹38,120 (FY 2024) | -100.0% | Bhilai, Chhattisgarh, India | |||
| Echar Enterprises Private Limitedthis company | ₹31,800 (FY 2023) | -₹4.07 Lakh | -53.0% | Mumbai, Maharashtra, India | ||
| Robocat Attachments and Equipments Private Limited | ₹30,000 (FY 2023) | Mumbai, Maharashtra, India | ||||
| Sanyo Engineering Private Limited | ₹29,400 (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| Orison Elevators Private Limited | ₹28,000 (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Sirius Gears Private Limited | ₹27,201 (FY 2021) | -85.0% | Mumbai, Maharashtra, India | |||
| Motiwale Techno Ventures Private Limited | ₹26,695 (FY 2024) | 31.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Echar Enterprises Private Limited, buy the company report.
Auditor
Echar Enterprises Private Limited is audited by DINESH PAI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH PAI & CO | FY 2016 | 102608W |
Shareholding
The shareholding of Echar Enterprises Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Echar Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2011 | 10391169 | Canara Bank | ₹10.7 Cr | Satisfied | |
| 24 Dec 2008 | 10143122 | Canara Bank | ₹30 Lakh | Satisfied | |
| 16 Mar 2006 | 90365789 | Lord Krishna Bank Ltd. | ₹47 Lakh | Satisfied | |
| 29 Jun 2005 | 90353820 | Lord Krishna Bank Ltd. | ₹25 Lakh | Satisfied |
To see the full charge records of Echar Enterprises Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Echar Enterprises Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Echar Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Echar Enterprises has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Echar Enterprises Private Limited, buy the company report.
Recent activity
Echar Enterprises Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Ashwin Rajendra Nakman ceased to be Additional Director on 28 Mar 2012.
7 earlier events are in the company report.
Frequently asked questions
Echar Enterprises is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Echar Enterprises is a company pending strike off, currently registered as a private limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 02 September 2004 and is registered under CIN U29150MH2004PTC148376. The company may be struck off soon - caution is advised.
The compliance status of Echar Enterprises is compliant as of 29 August 2026.
Echar Enterprises has 2 current directors:
- Ashok Mallapa Nakman - Director
- Mamta Rawsab Nakman - Director
The CIN (Corporate Identification Number) of Echar Enterprises is U29150MH2004PTC148376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Echar Enterprises was incorporated on 02 September 2004. It is registered with the Registrar of Companies, Mumbai.
Echar Enterprises can be reached through the website hcsystems.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Echar Enterprises is at 245 Shanti Industrial Estatesarojini Naidu Road Mulund West, Mumbai, Maharashtra, India – 400080.
The latest financial statements of Echar Enterprises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Echar Enterprises has 2 GST registrations on record and all of them are cancelled or inactive.
Echar Enterprises operates in the machinery and equipment industry, in the material handling and storage equipment segment.