About Edac Engineering Limited
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Edac Engineering Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 26 June 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1987PLC014584. Its GSTIN is 33AABCS0321G1Z2 (Tamil Nadu). The company holds 15 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹197.2 Cr and a paid-up capital of ₹167.39 Cr. It was formerly known as Spic - Jel Engineering Private Limited and Spic Jel Engineering Limited. It is led by directors including Balasubramanian Valavan (Whole-Time Director) and Sethuramalingam Venkataraman.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 97 Mount Road Madras 600032. Tamilnadu, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.51 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹21.2 Cr (net margin -83.1%) and EBITDA of -₹13.85 Cr (EBITDA margin -54.3%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 32% over five years.
The company has about 216 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: EDAC Engineering Limited. As per MCA filings, the company has open charges of ₹4.69 Cr and satisfied charges of ₹371.02 Cr on record. Court records list 174 cases involving the company, including 87 filed by the company and 87 filed against it; 30 cases are pending. The company has 17 deals on record (9 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹67 Cr; the latest was in November 2019. The company has 40 MSME Form 1 returns on record between 2015 and 2023, listing 798 overdue payments to 19 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website edacengineering.com.
Company details
Name history
Edac Engineering has undergone 5 name changes throughout its history. The current legal name is Edac Engineering Limited.
| Company Name | Status |
|---|---|
| Edac Engineering Limited | Current |
| Spic - Jel Engineering Private Limited | Previous |
| Spic Jel Engineering Limited | Previous |
| Spic Jel Engineering Private Limited | Previous |
| Spic - Jel Engineering Construction Limited | Previous |
| Spic - Jel Engineering Limited | Previous |
Contact details
Edac Engineering Limited's registered office is in Chennai, Tamil Nadu. Its website is edacengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address97 Mount Road Madras 600032. Tamilnadu, Chennai, Tamil Nadu, India – 600032
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Edac Engineering 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
Brands
Edac Engineering operates one associated brand: EDAC Engineering Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering services in power, petrochemical, oil and gas, and refineries sectors. | edacengineering.com |
Business activity
The main business activity of Edac Engineering is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Edac Engineering Limited, buy the company report.
Financials of Edac Engineering Limited
FY 2025 filings availableEdac Engineering Limited reported revenue of ₹25.51 Cr (down 76% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 76% fall in the latest year. EBITDA fell 207% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹13.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -54.3% | ||||
| Net Profit Margin | -83.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Edac Engineering Limited, buy the company report.
Board of directors and KMP of Edac Engineering Limited
Edac Engineering Limited currently reports 5 directors and 1 key managerial person. 34 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sethuramalingam Venkataraman | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
| Sanghamitra Sarangi | Company Secretary | 12 Jan 2024 | 2 Years 9 Months | Current |
| Balasubramanian Valavan | Whole-Time Director | 19 Aug 2021 | 5 Years 2 Months | Current |
| Soundaram Asokan | Director | 29 Jul 2019 | 7 Years 2 Months | Current |
| Kannan Lalitha | Director | 10 Mar 2025 | 1 Years 7 Months | Current |
| Ramachandran Raja Vaidyanathan | Director | 10 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Edac Engineering Limited is audited by VENKATESH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESH & CO | FY 2022 | 004636S |
Shareholding
The shareholding of Edac Engineering Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Edac Engineering Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2024 | 101011939 | Others | ₹37.73 Lakh | Open | |
| 13 Nov 2024 | 101011949 | Others | ₹70.07 Lakh | Open | |
| 28 Mar 2021 | 100435481 | Others | ₹8.55 Lakh | Open | |
| 26 Mar 2021 | 100435479 | Others | ₹22.2 Lakh | Open | |
| 26 Mar 2021 | 100435480 | Others | ₹40.5 Lakh | Open |
To see the full charge records of Edac Engineering Limited, buy the company report.
Total charge records: 99 View all charges
Deals & funding
Edac Engineering Limited has 17 deals on record (9 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹67 Cr; the latest was in November 2019.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Twienshield Consultants Private Limited Seller: Tanglin Developments Limited |
| Apr 2013 | Funding round | ₹20 Cr | Investors: Mercantile Ventures Limited |
| Oct 2011 | Secondary share transfer | Undisclosed | Seller: Sicagen India Limited |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: Carignan Investments Limited, 3 individuals Seller: SPIC Limited & S P Sathappan, SPIC Limited & R Varadharajan, SPIC Limited & S Radhakrishnan |
| Dec 2009 | Funding round | ₹10 Cr | Investors: Sicagen India Limited |
To see the full deal history of Edac Engineering Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Edac Engineering Limited has 174 court cases on record: 87 filed by Edac Engineering, 87 filed against it. 30 cases are pending and 144 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 124 | 46 | 17 |
| District courts | 44 | 36 | 12 |
| NCLT | 4 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 174)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company by Spig Cooling Towers India Pvt. Ltd | Pending |
| Madras High Court | Appeal | Filed by the company against Spig Cooling Towers India Pvt Ltd | Pending |
| Madras High Court | Arbitration matter | Filed by the company against M/S. Fagioli India Private Limited | Pending |
| Madras High Court | Appeal | Filed by the company against M/S. Fagioli India Private Limited | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed by the company against Mecgale Pneumatics Pvt. Ltd. Through Directors, and 1 other | Pending |
To see the full case history of Edac Engineering Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Edac Engineering Limited was last rated by Crisil on 27 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Feb 2020 |
To see the full credit ratings and regulatory alerts of Edac Engineering Limited, buy the company report.
MSME payment delays
Edac Engineering Limited has 40 MSME Form 1 returns on record between 2015 and 2023, listing 798 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Weldtechk | |||
| an individual supplier | |||
| an individual supplier | |||
| Royal Maritime Services |
To see the full MSME payment records of Edac Engineering Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Edac Engineering Limited has a workforce of 216 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Edac Engineering has 15 GST registrations: 12 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCS0321G1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
| 09AABCS0321G1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AABCS0321G1ZS | West Bengal | Active | 01 Jul 2017 |
| 21AABCS0321G1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Edac Engineering Limited, buy the company report.
Recent activity
Edac Engineering Limited has 28 board changes on record since 2007: 6 appointments and 22 cessations. The latest: Kannan Lalitha ceased to be Additional Director on 28 Sep 2025.
218 earlier events are in the company report.
Frequently asked questions
Edac Engineering is an active public limited company based in Chennai, Tamil Nadu, India. The company works in power epc, within the energy and power industry. It was incorporated on 26 June 1987 (39+ years old) and is registered under CIN U45201TN1987PLC014584.
Edac Engineering has 6 current directors and KMP:
- Balasubramanian Valavan - Whole-Time Director
- Sethuramalingam Venkataraman - Director
- Soundaram Asokan - Director
- Kannan Lalitha - Director
- Ramachandran Raja Vaidyanathan - Director
- Sanghamitra Sarangi - Company Secretary
The latest financial statements of Edac Engineering on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Edac Engineering is 33AABCS0321G1Z2, registered in Tamil Nadu. The company has 15 GST registrations in all, of which 12 are active and 3 are cancelled or inactive. Other active GSTINs include 09AABCS0321G1ZT (Uttar Pradesh), 19AABCS0321G1ZS (West Bengal), 21AABCS0321G1Z7 (Odisha).
The CIN (Corporate Identification Number) of Edac Engineering is U45201TN1987PLC014584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Edac Engineering has 174 court cases on record: 87 filed by the company and 87 filed against it. 30 are pending. Most are in the high courts.
Edac Engineering was incorporated on 26 June 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chennai.
Edac Engineering has 17 deals on record (9 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹67 Cr; the latest was in November 2019.
Kannan Lalitha ceased to be Additional Director on 28 Sep 2025. Ramachandran Raja Vaidyanathan ceased to be Additional Director on 28 Sep 2025. Niranjhan Mailam Srinivasan ceased to be Additional Director on 11 Aug 2025. Edac Engineering has 28 board changes on record in total.
Edac Engineering has 40 MSME Form 1 returns on record between 2015 and 2023, listing 798 overdue payments to 19 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Edac Engineering can be reached through the website edacengineering.com. Its registered office is in Chennai, Tamil Nadu, India.