Iec Projects Limited
About Iec Projects Limited
Data last updated:
Iec Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 13 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2002PLC041686. Its GSTIN is 24AABCI0943G1ZZ (Gujarat).
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.17 Cr. It is led by directors including Harini Sandeep Mittal and Amit Indrasen Mittal.
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 22 Dhara Centre Near Vijaycross Roads Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.53 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹5.62 Lakh (net margin 1%) and EBITDA of ₹9.78 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹451.59 Cr and satisfied charges of ₹977.86 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address22 Dhara Centre Near Vijaycross Roads Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
- 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
- One PDF report, delivered after checkout
Business Activity of Iec Projects Limited
The main business activity of Iec Projects is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Iec Projects Limited FY 2024 filings available
Iec Projects Limited reported revenue of ₹5.53 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Iec Projects Limited
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 30% 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 of Iec Projects Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.62 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Iec Projects Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Iec Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Iec Projects Limited
Iec Projects Limited is compared with the companies closest to it by revenue in the Oil and Gas industry (Infrastructure Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| HPCL LNG Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| MG Well Solutions Project International Private Limited | •••• | •••• | •••• | •••• | - | Jabalpur, Madhya Pradesh, India |
| Leadedge Infratech Private Limited | •••• | •••• | •••• | •••• | - | Patna, Bihar, India |
| VSM Projects Private Limited | •••• | •••• | •••• | •••• | - | Tal Palsana Dist Surat, Gujarat, India |
| Paryah Management & Infrastructure Services Private Limited | •••• | •••• | •••• | •••• | - | Panvel, Maharashtra, India |
| Iec Projects Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Amda Projects Private Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| Niskalp Infrastructure Services Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Rich Earth Infraprojects Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Kaur & Singh Projects & Constructions Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Cubicwheels Engineering Services Private Limited | •••• | •••• | •••• | •••• | - | Kancheepuram, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Iec Projects by revenue in the Oil and Gas industry (Infrastructure Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Iec Projects Limited
Iec Projects Limited is audited by Patel Jain & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Patel Jain & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Iec Projects Limited
Iec Projects has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harini Sandeep Mittal | Director | 12 Oct 2003 | 22 Years 11 Months | Current |
| Amit Indrasen Mittal | Director | 13 Dec 2002 | 23 Years 9 Months | Current |
| Kavita Amitbhai Mittal Also directs: Corrtech Energy Limited | Director | 12 Oct 2003 | 22 Years 11 Months | Current |
| Sandeep Indrasen Mittal | Director | 13 Dec 2002 | 23 Years 9 Months | Current |
Ownership and Shareholding of Iec Projects Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Iec Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2024 | Others | ₹45 Cr | Open |
| 09 Jun 2023 | Others | ₹406.59 Cr | Open |
| 20 Sep 2024 | Others | ₹65 Cr | Satisfied |
| 03 Feb 2024 | Others | ₹22 Cr | Satisfied |
| 29 Mar 2022 | Others | ₹75 Cr | Satisfied |
Total charge records: 11 View all charges
Legal Cases of Iec Projects Limited
Iec Projects Limited has 2 court cases on record: 1 filed by Iec Projects, 1 filed against it. 1 case is pending and 1 is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Deputy Commissioner of Income Tax, Circle 2(1)(1), Ahmedabad | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Iec Projects Limited
Employment history and EPFO contributions of people linked to Iec Projects.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Iec Projects Limited
Iec Projects has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Iec Projects Limited
Iec Projects Limited has 4 board changes on record since 2002: 4 appointments. The latest: Harini Sandeep Mittal was appointed as Director on 12 Oct 2003.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Iec Projects Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Iec Projects Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Iec Projects Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Iec Projects Limited
Iec Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI0943G1ZZ | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Iec Projects Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Iec Projects Limited
Iec Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 13 December 2002 (24+ years old) and is registered under CIN U45201GJ2002PLC041686.
Iec Projects reported revenue of ₹5.53 Cr for FY 2024 (down 17% YoY).
Iec Projects has 4 current directors:
- Harini Sandeep Mittal - Director
- Amit Indrasen Mittal - Director
- Kavita Amitbhai Mittal - Director
- Sandeep Indrasen Mittal - Director
Iec Projects reported a net profit of ₹5.62 Lakh (net margin 1%) and EBITDA of ₹9.78 Lakh (EBITDA margin 1.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iec Projects is 23% over three years and 17% over five years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iec Projects is 24AABCI0943G1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Iec Projects is U45201GJ2002PLC041686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iec Projects has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Iec Projects was incorporated on 13 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Iec Projects by revenue are HPCL LNG Limited, MG Well Solutions Project International Private Limited, Leadedge Infratech Private Limited, VSM Projects Private Limited, Paryah Management & Infrastructure Services Private Limited and 5 more, all in the Oil and Gas industry (Infrastructure Services).
Harini Sandeep Mittal was appointed as Director on 12 Oct 2003. Kavita Amitbhai Mittal was appointed as Director on 12 Oct 2003. Amit Indrasen Mittal was appointed as Director on 13 Dec 2002. Iec Projects has 4 board changes on record in total.