About Iel Limited
Data last updated:
Iel Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the business support services segment of the business services sector. It was incorporated on 06 February 1956 and has been in existence for over 70 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L15140GJ1956PLC124644. Its GSTIN is 24AAACI0993B3ZY (Gujarat). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 524614.
The company has an authorised share capital of ₹20.9 Cr and a paid-up capital of ₹13.94 Cr. It was formerly known as Indian Enterprises Limited and Indian Extractions Limited. It is led by directors including Ajaykumar Bholanath Gupta (Managing Director) and Aastha Jain.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹97 Lakh, a decline of 84.3% compared to the previous year. For the same year it recorded a net profit of ₹19 Lakh (net margin 19.6%) and EBITDA of -₹5 Lakh (EBITDA margin -5.2%). The net worth stands at ₹45.91 Cr (up 0.4% YoY). Total assets are valued at ₹46.48 Cr (up 0.5% YoY).
The company is associated with 1 brand: Ielindia. As per MCA filings, the company has satisfied charges of ₹69 Cr on record. Court records list 29 cases involving the company, including 22 filed by the company and 7 filed against it; 3 cases are pending. The company has 2 deals on record (2 market trades); the latest was in October 2010. Its 4 peer companies in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 3 smaller; the largest is Trans Oilfield Chemicals Private Limited with revenue of ₹6.18 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kddave.com.
Company details
Name history
Iel has undergone 2 name changes throughout its history. The company was previously known as Indian Enterprises Limited, and Indian Extractions Limited. The current legal name is Iel Limited.
| Company Name | Status |
|---|---|
| Iel Limited | Current |
| Indian Enterprises Limited | Previous |
| Indian Extractions Limited | Previous |
CIN history
Iel has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15140GJ1956PLC124644, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15140GJ1956PLC124644 | Current |
| U15140MH1956PTC009720 | Previous |
| L15140MH1956PLC009720 | Previous |
Contact details
Iel Limited's registered office is in Ahmedabad, Gujarat. Its website is kddave.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No 53 6th Floor Sanidhya Complex, Near Devnandan Mall Opp. Sanyas Ashram Nehru Bridge Ashram Road, Ahmedabad, Gujarat, India – 380006
- IndustryBusiness Services, Business Support Services
To see the full contact details of Iel 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
Iel operates one associated brand: Ielindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Warehousing and storage solutions are provided for diverse industries. | ielindia.in |
Financials of Iel Limited
FY 2025-26 filings availableIel Limited reported revenue of ₹97 Lakh (down 84.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.97 | 6.16 | 17.26 | 10.19 | 0.64 | 0.96 | 3.87 |
| Revenue growth | -84.3% | -64.3% | +69.4% | +1492.2% | -33.3% | -75.2% | - |
| EBITDA | (0.05) | 0.60 | 0.37 | 1.55 | (0.19) | (0.15) | (0.11) |
| EBITDA margin | -5.2% | +9.7% | +2.1% | +15.2% | -29.7% | -15.6% | -2.8% |
| Profit before tax | 0.26 | 0.59 | 0.34 | 2.35 | 0.31 | 0.14 | 0.02 |
| Net profit | 0.19 | 0.45 | 0.25 | 2.35 | 0.31 | 0.14 | 0.02 |
| Net profit margin | +19.6% | +7.3% | +1.5% | +23.1% | +48.4% | +14.6% | +0.5% |
| EPS (₹) | 0.01 | 0.03 | 0.08 | 7.09 | 0.96 | 0.41 | 0.07 |
| Balance sheet | |||||||
| Total assets | 46.48 | 46.23 | 2.12 | 1.87 | 4.05 | 3.73 | 3.58 |
| Net worth | 45.91 | 45.73 | 2.13 | 1.87 | 2.98 | 2.66 | 2.52 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Cash & bank | 0.07 | 25.22 | 0.41 | 0.91 | 0.20 | 0.06 | 0.61 |
| Net working capital | 34.42 | 46.15 | 1.94 | 1.66 | 0.52 | 0.10 | (0.15) |
| Cash flow | |||||||
| Cash from operations | (0.04) | 2.11 | (0.50) | 0.93 | 0.14 | (0.56) | 0.53 |
| Cash from investing | (25.03) | (20.97) | 0.00 | (0.21) | 0.01 | 0.00 | 0.00 |
| Cash from financing | (0.07) | 43.67 | 0.00 | (0.01) | 0.00 | 0.01 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.50 | 0.42 | 0.55 | 0.00 | 0.00 | 0.01 | 0.40 | 0.00 |
| Revenue growth (YoY) | - | +4100.0% | +37.5% | - | -100.0% | - | - | - |
| Other income | 0.39 | 0.32 | 0.03 | 0.00 | 0.05 | 0.00 | 0.02 | 0.22 |
| Total expenses | 0.12 | 0.00 | 0.10 | 0.13 | 0.78 | 0.27 | 0.13 | 0.05 |
| EBITDA | 0.38 | 0.42 | 0.45 | (0.13) | (0.78) | (0.26) | 0.27 | (0.05) |
| EBITDA margin | +76.0% | +100.0% | +81.8% | - | - | -2600.0% | +67.5% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.76 | 0.66 | 0.47 | (0.14) | (0.74) | (0.27) | 0.28 | 0.16 |
| Tax | 0.19 | 0.06 | 0.01 | 0.00 | 0.00 | (0.05) | 0.07 | 0.03 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.50 | 0.42 | 0.55 | 0.00 | 0.00 | 0.01 | 0.40 | 0.00 |
| Revenue growth (YoY) | - | +4100.0% | +37.5% | - | -100.0% | - | - | - |
| Other income | 0.39 | 0.32 | 0.03 | 0.00 | 0.05 | 0.00 | 0.02 | 0.22 |
| Total expenses | 0.12 | 0.00 | 0.10 | 0.13 | 0.78 | 0.27 | 0.13 | 0.05 |
| EBITDA | 0.38 | 0.42 | 0.45 | (0.13) | (0.78) | (0.26) | 0.27 | (0.05) |
| EBITDA margin | +76.0% | +100.0% | +81.8% | - | - | -2600.0% | +67.5% | - |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.76 | 0.66 | 0.47 | (0.14) | (0.74) | (0.27) | 0.28 | 0.16 |
| Tax | 0.19 | 0.06 | 0.01 | 0.00 | 0.00 | (0.05) | 0.07 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.97 | 6.16 | 17.26 | 10.19 | 0.64 | 0.96 | 3.87 |
| Revenue growth | -84.3% | -64.3% | +69.4% | +1492.2% | -33.3% | -75.2% | - |
| Other income | 0.40 | 0.02 | 0.00 | 0.87 | 0.59 | 0.38 | 0.22 |
| Total expenses | 1.02 | 5.56 | 16.89 | 8.64 | 0.83 | 1.11 | 3.98 |
| Employee cost | 0.00 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 |
| EBITDA | (0.05) | 0.60 | 0.37 | 1.55 | (0.19) | (0.15) | (0.11) |
| EBITDA margin | -5.2% | +9.7% | +2.1% | +15.2% | -29.7% | -15.6% | -2.8% |
| Depreciation | 0.02 | 0.03 | 0.03 | 0.07 | 0.09 | 0.09 | 0.09 |
| Interest | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.26 | 0.59 | 0.34 | 2.35 | 0.31 | 0.14 | 0.02 |
| Tax | 0.07 | 0.15 | 0.09 | (0.01) | 0.00 | 0.00 | 0.00 |
| Net profit | 0.19 | 0.45 | 0.25 | 2.35 | 0.31 | 0.14 | 0.02 |
| Net profit margin | +19.6% | +7.3% | +1.5% | +23.1% | +48.4% | +14.6% | +0.5% |
| EPS (₹) | 0.01 | 0.03 | 0.08 | 7.09 | 0.96 | 0.41 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.94 | 13.94 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 |
| Reserves & surplus | 31.97 | 31.79 | (2.11) | (2.37) | (1.26) | (1.58) | (1.72) |
| Shareholders' funds (net worth) | 45.91 | 45.73 | 2.13 | 1.87 | 2.98 | 2.66 | 2.52 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Total liabilities | 46.48 | 46.23 | 2.12 | 1.87 | 4.05 | 3.73 | 3.58 |
| Assets | |||||||
| Gross block | 2.19 | 2.17 | 2.32 | 2.32 | 5.58 | 5.85 | 5.85 |
| Net block | 0.05 | 0.05 | 0.17 | 0.21 | 3.53 | 3.62 | 3.71 |
| Capital work in progress | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.37 | 0.01 | 1.66 | 2.29 | 0.50 | 0.30 | 0.22 |
| Cash & bank balances | 0.07 | 25.22 | 0.41 | 0.91 | 0.20 | 0.06 | 0.61 |
| Loans & advances | 34.60 | 21.62 | 0.50 | 0.13 | 0.41 | 0.05 | 0.08 |
| Total current assets | 35.04 | 46.85 | 3.58 | 3.33 | 1.11 | 0.41 | 0.91 |
| Total current liabilities | 0.62 | 0.70 | 1.64 | 1.67 | 0.59 | 0.31 | 1.06 |
| Net working capital | 34.42 | 46.15 | 1.94 | 1.66 | 0.52 | 0.10 | (0.15) |
| Total assets | 46.48 | 46.23 | 2.12 | 1.87 | 4.05 | 3.73 | 3.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 25.22 | 0.41 | 0.91 | 0.20 | 0.06 | 0.61 | 0.09 |
| Net cash from operating activities | (0.04) | 2.11 | (0.50) | 0.93 | 0.14 | (0.56) | 0.53 |
| Net cash from investing activities | (25.03) | (20.97) | 0.00 | (0.21) | 0.01 | 0.00 | 0.00 |
| Net cash from financing activities | (0.07) | 43.67 | 0.00 | (0.01) | 0.00 | 0.01 | 0.00 |
| Net change in cash | (25.15) | 24.81 | (0.50) | 0.71 | 0.15 | (0.56) | 0.53 |
| Closing cash | 0.07 | 25.22 | 0.41 | 0.91 | 0.20 | 0.06 | 0.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -84.3% | -64.3% | +69.4% | +1492.2% | -33.3% | -75.2% | - |
| EBITDA growth | -108.3% | +62.2% | -76.1% | +915.8% | -26.7% | -36.4% | - |
| PBT growth | -55.9% | +73.5% | -85.5% | +658.1% | +121.4% | +600.0% | -84.6% |
| Net income growth | -57.8% | +80.0% | -89.4% | +658.1% | +121.4% | +600.0% | - |
| Revenue CAGR (3Y) | -54.3% | +112.7% | +162.0% | +38.1% | -32.9% | -8.7% | - |
| EBITDA CAGR (3Y) | - | - | - | - | +23.9% | 0.0% | -30.7% |
| Profitability & leverage | |||||||
| Net income margin | +19.6% | +7.1% | +1.5% | +23.2% | +48.4% | +14.6% | +0.5% |
| Return on capital employed | - | +2.1% | +5.5% | +34.2% | +4.3% | +1.9% | +0.3% |
| Return on net worth | - | +1.6% | +4.8% | +43.4% | +5.9% | +2.6% | +0.4% |
| Debt / equity | - | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Interest cover | -100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.74 | 7.44 | 4.60 | 0.29 | 0.43 | 1.78 |
| Inventory turnover | - | 12.20 | 34.18 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 7.38 | 8.74 | 7.30 | 1.60 | 3.69 | 29.77 |
| EPS (₹) | 0.01 | 0.03 | 0.08 | 7.09 | 0.96 | 0.41 | 0.07 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 3.44 | 0.37 | 2.90 | (4.19) | (5.40) | (6.05) |
To see the full year-wise statements and ratios of Iel Limited, buy the company report.
Board of directors of Iel Limited
Iel has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aastha Jain | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
| Ami Priyankkumar Bhanshali Also directs: Laddu Gopal Online Services Limited | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
| Moxi Prakashbhai Shah | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
| Ajaykumar Bholanath Gupta | Managing Director | 05 Jun 2024 | 2 Years 4 Months | Current |
| Arpit Singh | Director | 05 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Iel Limited is compared with the 4 companies closest to it by revenue in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trans Oilfield Chemicals Private Limited | ₹6.18 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Sri Bihariraj Traders Private Limited | ₹6.15 Cr (FY 2024) | -14.0% | Kanpur, Uttar Pradesh, India | |||
| Gruppo Biokimica India Private Limited | ₹6.15 Cr (FY 2024) | -5.0% | Ranipet, Tamil Nadu, India | |||
| Rama Impex Private Limited | ₹6.15 Cr (FY 2025) | -4.0% | Sivakasi, Tamil Nadu, India | |||
| Iel Limitedthis company | ₹97 Lakh (FY 2026) | ₹19 Lakh | 19.6% | -84.3% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Iel Limited, buy the company report.
Auditor
Iel Limited is audited by Rushabh Shreyansh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rushabh Shreyansh & Co. | FY 2023 | 131457W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 1.00% |
| Public | 100.00% | 100.00% | 100.00% | 99.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2011 | 10273614 | Union Bank of India | ₹2 Cr | Satisfied | |
| 10 Mar 2010 | 10210822 | Union Bank of India | ₹3 Cr | Satisfied | |
| 01 May 2009 | 10156793 | Union Bank of India | ₹29.49 Cr | Satisfied | |
| 24 Dec 2007 | 10082214 | Union Bank of India | ₹2 Cr | Satisfied | |
| 25 Oct 2006 | 10032040 | Union Bank of India | ₹75 Lakh | Satisfied |
To see the full charge records of Iel Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Iel Limited has 2 deals on record (2 market trades); the latest was in October 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Market trade | ₹2.7 Lakh | Seller: an individual |
| Oct 2007 | Market trade | ₹1.7 Lakh | Buyer: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iel Limited has 29 court cases on record: 22 filed by Iel, 7 filed against it. 3 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 5 | 3 |
| District courts | 5 | 0 | 0 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed against the company by National Insurance Co.Ltd | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against Union of India | Pending |
| Calcutta High Court | Civil suit | Filed against the company by an individual | Pending |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| High Court | Appeal | Filed against the company by Bihar State Ele.Board and Ors | Disposed |
To see the full case history of Iel 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iel has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI0993B3ZY | Gujarat | Active | 02 Sep 2022 |
| 27AAACI0993B1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iel Limited, buy the company report.
Recent activity
Iel Limited has 43 board changes on record since 1956: 24 appointments and 19 cessations. The latest: Aastha Jain was appointed as Director on 07 Aug 2025.
60 earlier events are in the company report.
News
Frequently asked questions
Iel is an active public limited company based in Ahmedabad, Gujarat, India. The company works in business support services, within the business services industry. It was incorporated on 06 February 1956 (70+ years old) and is registered under CIN L15140GJ1956PLC124644. Listed on BSE: 524614.
Iel reported revenue of ₹97 Lakh for FY 2025-26 (down 84.3% YoY) based on standalone financials.
Iel has 5 current directors:
- Ajaykumar Bholanath Gupta - Managing Director
- Aastha Jain - Director
- Ami Priyankkumar Bhanshali - Director
- Moxi Prakashbhai Shah - Director
- Arpit Singh - Director
The latest financial statements of Iel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Iel is 24AAACI0993B3ZY, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACI0993B1ZU (Maharashtra).
The CIN (Corporate Identification Number) of Iel is L15140GJ1956PLC124644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Iel is a listed company as per MCA records. Its shares are listed on BSE (code: 524614).
Iel has 29 court cases on record: 22 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Iel was incorporated on 06 February 1956, making it 70+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Iel has 2 deals on record (2 market trades); the latest was in October 2010.
The peers of Iel by revenue are Trans Oilfield Chemicals Private Limited, Sri Bihariraj Traders Private Limited, Gruppo Biokimica India Private Limited, Rama Impex Private Limited, all in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution), with the same principal business activity (retail trading).