About Iel Limited
Data last updated: 08 January 2026
Iel Limited is a public limited company based in Ahmadabad City, Gujarat, India. It specialises in business support services, a part of the broader business services sector. Incorporated on 06 February 1956, the company has been in operation for over 70 years.
Registered with ROC Ahmedabad under CIN L15140GJ1956PLC124644. Listed on BSE: 524614.
Capital: an authorised share capital of ₹20.9 Cr and a paid-up capital of ₹13.94 Cr. Formerly known as Indian Enterprises Limited and Indian Extractions Limited. It is led by directors including Ajaykumar Bholanath Gupta and Arpit Singh.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmadabad City, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.18 Cr, a decline of 64% compared to the previous year.
The company is associated with 1 brand - Ielindia. As per MCA filings, the company has satisfied charges of ₹69 Cr on record.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressOffice No 53 6Th Floor Sanidhya Complex, Near Devnandan Mall Opp. Sanyas Ashram Nehru Bridge Ashram Road, Ahmadabad City, Gujarat, India – 380006
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IndustryBusiness Services, Business Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Iel Limited
Iel Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Iel Limited | Current |
| Indian Enterprises Limited | Previous |
| Indian Extractions Limited | Previous |
CIN History of Iel Limited
Iel Limited 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 |
Associated Brands with Iel Limited
Iel Limited operates one associated brand: Ielindia. These brands represent Iel Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Warehousing and storage solutions are provided for diverse industries. | ielindia.in |
Auditor Details of Iel Limited
Iel Limited is audited by MAARK & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-02-28) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| MAARK & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-02-28) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Iel Limited
Iel Limited is currently managed by 6 directors, with 27 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Bholanath Gupta | Managing Director | 05 Jun 2024 | 2 Years 1 Months | Current |
|
Arpit Singh
Also directs:
Iel Limited
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Cfo | 08 Jul 2024 | 2 Years 0 Months | Current |
|
Moxi Prakashbhai Shah
Also directs:
Iel Limited
|
Director | 07 Aug 2025 | 0 Years 11 Months | Current |
|
Aastha Jain
Also directs:
Iel Limited
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Director | 07 Aug 2025 | 0 Years 11 Months | Current |
|
Ami Priyankkumar Bhanshali
Also directs:
Iel Limited
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Director | 07 Aug 2025 | 0 Years 11 Months | Current |
Financials of Iel Limited FY 2026 filings available
Iel Limited reported revenue of ₹97 Lakh (down 84.25% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹97 Lakh | ₹6.16 Cr | ₹17.26 Cr | ₹11.07 Cr | ₹1.08 Cr | ₹94.93 Lakh | ₹3.87 Cr | ₹2.12 Cr |
| Other Income | ₹40.14 Lakh | ₹2.05 Lakh | ₹28,000 | ₹2.61 Lakh | ₹14.18 Lakh | ₹38.83 Lakh | ₹21.62 Lakh | ₹21.36 Lakh |
| Total Income | ₹1.37 Cr | ₹6.18 Cr | ₹17.26 Cr | ₹11.1 Cr | ₹1.23 Cr | ₹1.34 Cr | ₹4.09 Cr | ₹2.33 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹3.88 Cr | ₹17.38 Cr | ₹8.15 Cr | ₹59 Lakh | ₹86.52 Lakh | ₹3.57 Cr | ₹93.23 Lakh |
| Changes in Inventories | ₹0 | ₹1.01 Cr | -₹1.01 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹93 Lakh |
| Employee Benefit Expense | ₹5.87 Lakh | ₹9.98 Lakh | ₹13.8 Lakh | ₹7.63 Lakh | ₹1.59 Lakh | ₹2.28 Lakh | ₹6.57 Lakh | ₹4.42 Lakh |
| Finance Costs | ₹7.44 Lakh | ₹16,000 | ₹0 | ₹3,000 | ₹0 | ₹51,000 | ₹33,000 | ₹0 |
| Depreciation & Amortisation | ₹2.07 Lakh | ₹3.42 Lakh | ₹3.32 Lakh | ₹6.67 Lakh | ₹8.57 Lakh | ₹8.8 Lakh | ₹9.01 Lakh | ₹9.3 Lakh |
| Other Expenses | ₹95.74 Lakh | ₹56.46 Lakh | ₹37.98 Lakh | ₹45.71 Lakh | ₹21.42 Lakh | ₹21.95 Lakh | ₹33.88 Lakh | ₹31.83 Lakh |
| Total Expenses | ₹1.11 Cr | ₹5.6 Cr | ₹16.92 Cr | ₹8.75 Cr | ₹90.58 Lakh | ₹1.2 Cr | ₹4.06 Cr | ₹2.32 Cr |
| Profit Before Exceptional Items & Tax | ₹26.02 Lakh | ₹58.17 Lakh | ₹34.63 Lakh | ₹2.35 Cr | ₹32 Lakh | ₹13.7 Lakh | ₹2.24 Lakh | ₹1.25 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹66,000 | ₹0 | ₹0 | ₹0 | ₹11 Lakh |
| Profit Before Tax | ₹26.02 Lakh | ₹58.17 Lakh | ₹34.63 Lakh | ₹2.36 Cr | ₹32 Lakh | ₹13.7 Lakh | ₹2.24 Lakh | ₹12.25 Lakh |
| Total Tax Expense | ₹7.56 Lakh | ₹15.02 Lakh | ₹8.95 Lakh | -₹90,000 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹18.46 Lakh | ₹43.15 Lakh | ₹25.68 Lakh | ₹2.37 Cr | ₹32 Lakh | ₹13.7 Lakh | ₹2.24 Lakh | ₹12.25 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹18.46 Lakh | ₹43.15 Lakh | ₹25.68 Lakh | ₹2.37 Cr | ₹32 Lakh | ₹13.7 Lakh | ₹2.24 Lakh | ₹12.25 Lakh |
| EBITDA (computed) | ₹35.53 Lakh | ₹61.75 Lakh | ₹37.95 Lakh | ₹2.42 Cr | ₹40.57 Lakh | ₹23.01 Lakh | ₹11.58 Lakh | ₹10.55 Lakh |
| Basic EPS | ₹0.01 | ₹0.03 | ₹0.08 | ₹7.09 | ₹0.96 | ₹0.41 | ₹-0.07 | ₹0.37 |
| Diluted EPS | ₹0.01 | ₹0.10 | ₹0.08 | ₹7.09 | ₹0.96 | ₹0.41 | ₹-0.07 | ₹0.37 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹47.1 Cr | ₹46.92 Cr | ₹3.76 Cr | ₹3.54 Cr | ₹4.64 Cr | ₹4.03 Cr | ₹4.65 Cr | ₹4.06 Cr |
| Non-current Assets | ₹12.06 Cr | ₹6.91 Lakh | ₹18.66 Lakh | ₹21.62 Lakh | ₹3.53 Cr | ₹3.63 Cr | ₹3.74 Cr | ₹3.84 Cr |
| Current Assets | ₹35.04 Cr | ₹46.85 Cr | ₹3.57 Cr | ₹3.32 Cr | ₹1.11 Cr | ₹40.41 Lakh | ₹91.31 Lakh | ₹21.66 Lakh |
| Property, Plant & Equipment | ₹4.84 Lakh | ₹5.38 Lakh | ₹17.27 Lakh | ₹20.33 Lakh | ₹3.53 Cr | ₹3.62 Cr | ₹3.71 Cr | ₹3.8 Cr |
| Inventories | ₹0 | ₹0 | ₹1.01 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹37.12 Lakh | ₹78,000 | ₹1.66 Cr | ₹2.29 Cr | ₹50.31 Lakh | ₹30.08 Lakh | ₹22.08 Lakh | ₹3.53 Lakh |
| Cash & Equivalents | ₹7.3 Lakh | ₹25.22 Cr | ₹40.87 Lakh | ₹91.08 Lakh | ₹20.36 Lakh | ₹5.71 Lakh | ₹61.27 Lakh | ₹24,000 |
| Equity (Net Worth) | ₹45.01 Cr | ₹44.83 Cr | ₹1.22 Cr | ₹96.67 Lakh | ₹2.07 Cr | ₹1.75 Cr | ₹1.62 Cr | ₹1.6 Cr |
| Equity Share Capital | ₹13.04 Cr | ₹13.04 Cr | ₹3.34 Cr | ₹3.34 Cr | ₹3.34 Cr | ₹3.34 Cr | ₹3.34 Cr | ₹3.34 Cr |
| Borrowings (Non-current) | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹91 Lakh |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.1 Lakh | ₹1.1 Lakh | ₹0 | ₹0 |
| Total Debt (computed) | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹91.1 Lakh | ₹91.1 Lakh | ₹90 Lakh | ₹91 Lakh |
| Current Liabilities | ₹62.25 Lakh | ₹69.47 Lakh | ₹1.63 Cr | ₹1.67 Cr | ₹60.28 Lakh | ₹18.39 Lakh | ₹1.07 Cr | ₹21.02 Lakh |
| Total Liabilities | ₹2.09 Cr | ₹2.09 Cr | ₹2.53 Cr | ₹2.57 Cr | ₹2.57 Cr | ₹2.28 Cr | ₹3.03 Cr | ₹2.46 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹3.86 Lakh | ₹2.11 Cr | -₹1.91 Cr | ₹92.51 Lakh | ₹14.05 Lakh |
| Investing Cash Flow | -₹25.03 Cr | -₹20.97 Cr | -₹26,000 | -₹20.67 Lakh | ₹61,000 |
| Financing Cash Flow | -₹7.44 Lakh | ₹43.67 Cr | ₹0 | -₹1.13 Lakh | ₹0 |
| Capital Expenditure | ₹12.02 Cr | ₹0 | ₹26,000 | ₹20.67 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹12.05 Cr | ₹2.11 Cr | -₹1.91 Cr | ₹71.84 Lakh | ₹14.05 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹25.15 Cr | ₹24.81 Cr | -₹1.91 Cr | ₹70.71 Lakh | ₹14.66 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹42 Lakh | ₹55 Lakh | ₹0 | ₹0 | ₹67,000 | ₹40 Lakh | ₹0 | ₹5.31 Cr |
| Other Income | ₹31.55 Lakh | ₹3.4 Lakh | ₹17,000 | ₹5.02 Lakh | ₹38,000 | ₹1.67 Lakh | ₹22 Lakh | ₹22 Lakh |
| Total Income | ₹73.55 Lakh | ₹58.4 Lakh | ₹17,000 | ₹5.02 Lakh | ₹1.05 Lakh | ₹41.67 Lakh | ₹22 Lakh | ₹5.53 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.88 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.01 Cr |
| Employee Benefit Expense | ₹1.07 Lakh | ₹66,000 | ₹57,000 | ₹3.57 Lakh | ₹4.26 Lakh | ₹1.38 Lakh | ₹72,000 | ₹3.62 Lakh |
| Finance Costs | ₹7.14 Lakh | ₹9,000 | ₹10,000 | ₹11,000 | ₹16,000 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹52,000 | ₹52,000 | ₹52,000 | ₹52,000 | ₹92,000 | ₹84,000 | ₹84,000 | ₹83,000 |
| Other Expenses | -₹63,000 | ₹9.48 Lakh | ₹12.45 Lakh | ₹74.44 Lakh | ₹22.77 Lakh | ₹11.17 Lakh | ₹4.16 Lakh | ₹18.38 Lakh |
| Total Expenses | ₹8.1 Lakh | ₹10.75 Lakh | ₹13.64 Lakh | ₹78.64 Lakh | ₹28.11 Lakh | ₹13.39 Lakh | ₹5.72 Lakh | ₹5.13 Cr |
| Profit Before Exceptional Items & Tax | ₹65.45 Lakh | ₹47.65 Lakh | -₹13.47 Lakh | -₹73.62 Lakh | -₹27.06 Lakh | ₹28.28 Lakh | ₹16.28 Lakh | ₹40.65 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹65.45 Lakh | ₹47.65 Lakh | -₹13.47 Lakh | -₹73.62 Lakh | -₹27.06 Lakh | ₹28.28 Lakh | ₹16.28 Lakh | ₹40.65 Lakh |
| Total Tax Expense | ₹6.61 Lakh | ₹70,000 | ₹12,000 | ₹12,000 | -₹5.4 Lakh | ₹7.41 Lakh | ₹2.99 Lakh | ₹10 Lakh |
| Net Profit | ₹58.84 Lakh | ₹46.95 Lakh | -₹13.59 Lakh | -₹73.74 Lakh | -₹21.66 Lakh | ₹20.87 Lakh | ₹13.29 Lakh | ₹30.65 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹58.84 Lakh | ₹46.95 Lakh | -₹13.59 Lakh | -₹73.74 Lakh | -₹21.66 Lakh | ₹20.87 Lakh | ₹13.29 Lakh | ₹30.65 Lakh |
| EBITDA (computed) | ₹73.11 Lakh | ₹48.26 Lakh | -₹12.85 Lakh | -₹72.99 Lakh | -₹25.98 Lakh | ₹29.12 Lakh | ₹17.12 Lakh | ₹41.48 Lakh |
| Basic EPS | ₹0.05 | ₹0.03 | ₹0.00 | ₹-0.06 | ₹-0.02 | ₹0.06 | ₹0.04 | ₹0.09 |
| Diluted EPS | ₹0.05 | ₹0.03 | ₹0.00 | ₹-0.06 | ₹-0.03 | ₹0.06 | ₹0.04 | ₹0.09 |
Shareholding Pattern of Iel Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 0.00%, domestic institutional investors hold 0.03%, retail and other public shareholders hold 99.97% of Iel Limited. The company had 34,828 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.96% | 0.96% | 7.37% |
| Public | 100.00% | 100.00% | 100.00% | 99.04% | 99.04% | 92.63% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 0.00% | 0.96% | 20.47% |
| Public | 100.00% | 99.04% | 79.53% |
| Promoter change (YoY, %pts) | -0.96 | -19.51 | - |
Charges & Borrowings of Iel Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2011 | Union Bank of India | ₹2 Cr | Satisfied |
| 10 Mar 2010 | Union Bank of India | ₹3 Cr | Satisfied |
| 01 May 2009 | Union Bank of India | ₹29.49 Cr | Satisfied |
| 24 Dec 2007 | Union Bank of India | ₹2 Cr | Satisfied |
| 25 Oct 2006 | Union Bank of India | ₹75 Lakh | Satisfied |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Iel Limited
View historical data on people associated with Iel Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Iel Limited
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GST Compliance of Iel Limited
GSTIN & GST Filing Data of Iel Limited
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Credit Ratings, Litigation & Regulatory Alerts for Iel Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Iel Limited
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MSME Payment Delays by Iel Limited
MSME Payment Delays by Iel Limited
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Subsidiaries & Group Companies of Iel Limited
Subsidiaries & Group Companies of Iel Limited
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MCA Filings & Documents of Iel Limited
MCA Filings & Documents of Iel Limited
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Recent Activity on Iel Limited
Frequently Asked Questions about Iel Limited
Iel Limited is an active public limited company in the business services sector based in Ahmadabad City, Gujarat, India. It was incorporated on 06 February 1956 (70+ years old) and is registered under CIN L15140GJ1956PLC124644. Listed on BSE: 524614.
Iel Limited reported revenue of ₹6.18 Cr for FY 2025 (down 64.00% YoY).
The current directors of Iel Limited are:
The primary industry of Iel Limited is business services. The company specifically operates in business support services. The company is currently active in this sector.
Yes. Iel Limited is listed on BSE with code 524614.
Iel Limited can be reached at the registered office: Office No 53 6Th Floor Sanidhya Complex, Near Devnandan Mall Opp. Sanyas Ashram Nehru Bridge Ashram Road, Ahmadabad City, Gujarat, India – 380006, or through the website kddave.com.