Iel Limited - business services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L15140GJ1956PLC124644 Incorporated 06 February 1956 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 524614 Public Limited Company business services
Data last updated
Market Cap
₹67.80 Cr
INDXTRA · BSE
Share Price
₹5.10
-1.92% today
Revenue
₹0.97 Cr
FY 2025-26 · -84.3% YoY
EBITDA
−₹0.05 Cr
Margin -5.2%
Net Profit
₹0.19 Cr
FY 2025-26 · -57.8% YoY
P/E (TTM)
45.4x
P/B 1.5x
Authorised capital
₹20.9 Cr
Registered with MCA
Paid-up capital
₹13.94 Cr
Issued & subscribed

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. 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 2025. 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 25 cases involving the company, including 20 filed by the company and 5 filed against it; 3 cases are pending. The company has 2 deals on record (2 market trades); the latest was in October 2010. Its 10 peer companies in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is WB Trade and Services Private Limited with revenue of ₹6.2 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 of Iel Limited
CIN L15140GJ1956PLC124644
Registration Number 124644
Incorporation Date 06 February 1956
ROC Ahmedabad
Listing Status Listed (BSE: 524614)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Name History of Iel Limited

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 NameStatus
Iel LimitedCurrent
Indian Enterprises LimitedPrevious
Indian Extractions LimitedPrevious

CIN History of Iel Limited

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.

CINStatus
L15140GJ1956PLC124644Current
U15140MH1956PTC009720Previous
L15140MH1956PLC009720Previous
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
    Locked
  • Registered Address
    Office No 53 6th Floor Sanidhya Complex, Near Devnandan Mall Opp. Sanyas Ashram Nehru Bridge Ashram Road, Ahmedabad, Gujarat, India – 380006
  • Industry
    Business Services, Business Support Services
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Financials, compliance, directors, charges, ownership and filings for Iel Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Iel Limited

Iel operates one associated brand: Ielindia. Each brand links to its own profile.

BrandDescriptionWebsite
Warehousing and storage solutions are provided for diverse industries.ielindia.in

Financials of Iel Limited FY 2025-26 filings available

Iel Limited reported revenue of ₹97 Lakh (down 84.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹0.97 Cr
-84.3% YoY
EBITDA
−₹0.05 Cr
-108.3% YoY
Profit After Tax
₹0.19 Cr
-57.8% YoY
Net Worth
₹45.91 Cr
+0.4% YoY
Total Assets
₹46.48 Cr
+0.5% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.976.1617.2610.190.640.963.87
Revenue growth-84.3%-64.3%+69.4%+1492.2%-33.3%-75.2%-
EBITDA(0.05)0.600.371.55(0.19)(0.15)(0.11)
EBITDA margin-5.2%+9.7%+2.1%+15.2%-29.7%-15.6%-2.8%
Profit before tax0.260.590.342.350.310.140.02
Net profit0.190.450.252.350.310.140.02
Net profit margin+19.6%+7.3%+1.5%+23.1%+48.4%+14.6%+0.5%
EPS (₹)0.010.030.087.090.960.410.07
Balance sheet
Total assets46.4846.232.121.874.053.733.58
Net worth45.9145.732.131.872.982.662.52
Total debt0.000.000.000.000.010.010.00
Cash & bank0.0725.220.410.910.200.060.61
Net working capital34.4246.151.941.660.520.10(0.15)
Cash flow
Cash from operations(0.04)2.11(0.50)0.930.14(0.56)0.53
Cash from investing(25.03)(20.97)0.00(0.21)0.010.000.00
Cash from financing(0.07)43.670.00(0.01)0.000.010.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.500.420.550.000.000.010.400.00
Revenue growth (YoY)-+4100.0%+37.5%--100.0%---
Other income0.390.320.030.000.050.000.020.22
Total expenses0.120.000.100.130.780.270.130.05
EBITDA0.380.420.45(0.13)(0.78)(0.26)0.27(0.05)
EBITDA margin+76.0%+100.0%+81.8%---2600.0%+67.5%-
Depreciation0.010.010.010.010.010.010.010.01
Interest0.000.070.000.000.000.000.000.00
Profit before tax0.760.660.47(0.14)(0.74)(0.27)0.280.16
Tax0.190.060.010.000.00(0.05)0.070.03

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.500.420.550.000.000.010.400.00
Revenue growth (YoY)-+4100.0%+37.5%--100.0%---
Other income0.390.320.030.000.050.000.020.22
Total expenses0.120.000.100.130.780.270.130.05
EBITDA0.380.420.45(0.13)(0.78)(0.26)0.27(0.05)
EBITDA margin+76.0%+100.0%+81.8%---2600.0%+67.5%-
Depreciation0.010.010.010.010.010.010.010.01
Interest0.000.070.000.000.000.000.000.00
Profit before tax0.760.660.47(0.14)(0.74)(0.27)0.280.16
Tax0.190.060.010.000.00(0.05)0.070.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.976.1617.2610.190.640.963.87
Revenue growth-84.3%-64.3%+69.4%+1492.2%-33.3%-75.2%-
Other income0.400.020.000.870.590.380.22
Total expenses1.025.5616.898.640.831.113.98
Employee cost0.000.030.020.020.020.020.07
EBITDA(0.05)0.600.371.55(0.19)(0.15)(0.11)
EBITDA margin-5.2%+9.7%+2.1%+15.2%-29.7%-15.6%-2.8%
Depreciation0.020.030.030.070.090.090.09
Interest0.070.000.000.000.000.000.00
Profit before tax0.260.590.342.350.310.140.02
Tax0.070.150.09(0.01)0.000.000.00
Net profit0.190.450.252.350.310.140.02
Net profit margin+19.6%+7.3%+1.5%+23.1%+48.4%+14.6%+0.5%
EPS (₹)0.010.030.087.090.960.410.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.9413.944.244.244.244.244.24
Reserves & surplus31.9731.79(2.11)(2.37)(1.26)(1.58)(1.72)
Shareholders' funds (net worth)45.9145.732.131.872.982.662.52
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.010.010.00
Total debt0.000.000.000.000.010.010.00
Total liabilities46.4846.232.121.874.053.733.58
Assets
Gross block2.192.172.322.325.585.855.85
Net block0.050.050.170.213.533.623.71
Capital work in progress12.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.000.001.010.000.000.000.00
Sundry debtors0.370.011.662.290.500.300.22
Cash & bank balances0.0725.220.410.910.200.060.61
Loans & advances34.6021.620.500.130.410.050.08
Total current assets35.0446.853.583.331.110.410.91
Total current liabilities0.620.701.641.670.590.311.06
Net working capital34.4246.151.941.660.520.10(0.15)
Total assets46.4846.232.121.874.053.733.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash25.220.410.910.200.060.610.09
Net cash from operating activities(0.04)2.11(0.50)0.930.14(0.56)0.53
Net cash from investing activities(25.03)(20.97)0.00(0.21)0.010.000.00
Net cash from financing activities(0.07)43.670.00(0.01)0.000.010.00
Net change in cash(25.15)24.81(0.50)0.710.15(0.56)0.53
Closing cash0.0725.220.410.910.200.060.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.000.000.010.000.000.00
Long-term debt / equity-0.000.000.010.000.000.00
Interest cover-100.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-2.747.444.600.290.431.78
Inventory turnover-12.2034.180.000.000.000.00
Debtors turnover-7.388.747.301.603.6929.77
EPS (₹)0.010.030.087.090.960.410.07
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.003.440.372.90(4.19)(5.40)(6.05)
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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.

Current Directors
NameDesignationAppointment DateTenureStatus
Aastha JainDirector07 Aug 20251 Years 2 MonthsCurrent
Ami Priyankkumar BhanshaliDirector07 Aug 20251 Years 2 MonthsCurrent
Moxi Prakashbhai ShahDirector07 Aug 20251 Years 2 MonthsCurrent
Ajaykumar Bholanath GuptaManaging Director05 Jun 20242 Years 4 MonthsCurrent
Arpit SinghDirector05 Jun 20242 Years 4 MonthsCurrent

Peer Comparison of Iel Limited

Iel Limited is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
WB Trade and Services Private Limited₹6.2 Cr (FY 2024)••••••••-88.0%••••New Delhi, Delhi, India
Fuelocity Tech Private Limited₹6.2 Cr (FY 2024)••••••••-89.0%••••Raigad, Maharashtra, India
Walter Max Chemicals Private Limited₹6.19 Cr (FY 2025)••••••••42.0%••••New Delhi, Delhi, India
Trans Oilfield Chemicals Private Limited₹6.18 Cr (FY 2025)••••••••36.0%••••Mumbai, Maharashtra, India
Iss (India) Consultancy Services Private Limited₹6.18 Cr (FY 2025)••••••••57.0%••••Vadodara, Gujarat, India
Yagnik Chemical Private Limited₹6.17 Cr (FY 2024)••••••••11.0%••••Mehsana, Gujarat, India
BG Networks Private Limited₹6.16 Cr (FY 2025)••••••••-26.0%••••Thane, 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 Limited this company₹97 Lakh (FY 2026)••••••••-84.3%••••Ahmedabad, Gujarat, India

Peers are the five companies nearest above and the five nearest below Iel by revenue in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Iel Limited

Iel Limited is audited by Rushabh Shreyansh & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
Rushabh Shreyansh & Co.LockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Shareholding Pattern of Iel Limited

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%.

Retail & Others: 100.00%
Mar 2026
QUARTER
100.00% Retail & Others
Promoter holding - history
Now 0.00% · Mar 2026High 1.00% · Jun 2025Low 0.00% · Sep 2025
0%0.5%1%1.5%2%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 1.00%Sep 2025: 0.00%Dec 2025: 0.00%Mar 2026: 0.00%1.00%0.00%0.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters0.00%0.00%0.00%1.00%
Public100.00%100.00%100.00%99.00%

Charges & Borrowings of Iel Limited

Open charges
None
Satisfied charges
₹69 Cr
Breakdown by lending institutions
Union Bank of India₹69.00 Cr
Latest charge details
DateLenderAmountStatus
17 Feb 2011Union Bank of India₹2 CrSatisfied
10 Mar 2010Union Bank of India₹3 CrSatisfied
01 May 2009Union Bank of India₹29.49 CrSatisfied
24 Dec 2007Union Bank of India₹2 CrSatisfied
25 Oct 2006Union Bank of India₹75 LakhSatisfied

Total charge records: 12 View all charges

Deals & Funding of Iel Limited

Iel Limited has 2 deals on record (2 market trades); the latest was in October 2010.

Total deals
2
Market trades
2

Deals on record (2 of 2)

WhenDealAmountParties
Oct 2010Market trade₹2.7 LakhSeller: an individual
Oct 2007Market trade₹1.7 LakhBuyer: an individual
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Full deal history

All 2 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Iel Limited

Employment history and EPFO contributions of people linked to Iel.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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  • PF contributions
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Recent Activity on Iel Limited

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.

AGM
Iel Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Aastha Jain was appointed as Director.
Appointed
Ami Priyankkumar Bhanshali was appointed as Director.
Ceased
Avani Ashwinkumar Shah ceased to be Director.
Ceased
Juhi Sawajani ceased to be Director.
Appointed
Moxi Prakashbhai Shah was appointed as Director.
Filing
Iel Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ronit Champaklal Shah ceased to be Director.
Appointed
Avani Ashwinkumar Shah was appointed as Director.
Ceased
Darshan Bipinchandra Shah ceased to be Additional Director.
Ceased
Hemant Harshadkumar Kayastha ceased to be CFO.
Ceased
Aayush Kamleshbhai Shah ceased to be Director.

60 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Iel Limited

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Credit ratings, litigation, and regulatory alerts

Credit ratings, court records and regulatory alerts are in the company report.

  • Rating history
  • Court and tribunal cases
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MSME Payment Delays by Iel Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Iel Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Iel Limited

Iel has 4 GST registrations: 2 active and 2 cancelled or inactive.

Total GSTINs
4
Active
2
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AAACI0993B3ZYGujaratActive02 Sep 2022
27AAACI0993B1ZUMaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Iel Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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  • Annual returns and statements
  • Charge filings
  • Complete filing index

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Frequently Asked Questions about Iel Limited

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:

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 listed on BSE with code 524614.

Iel has 25 court cases on record: 20 filed by the company and 5 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 WB Trade and Services Private Limited, Fuelocity Tech Private Limited, Walter Max Chemicals Private Limited, Trans Oilfield Chemicals Private Limited, Iss (India) Consultancy Services Private Limited and 5 more, all in the Business Services industry (Business Auxiliary Services, Chemical Retail and Distribution).

Aastha Jain was appointed as Director on 07 Aug 2025. Ami Priyankkumar Bhanshali was appointed as Director on 07 Aug 2025. Avani Ashwinkumar Shah ceased to be Director on 07 Aug 2025. Iel has 43 board changes on record in total.

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