MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0068921
Indequip Limited
Indequip Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹52.95 Cr
▼ 20% YoY
Net profit · FY 2024
₹16.69 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹51.31 Lakh
EBITDA margin 1%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹35 Lakh
Issued & subscribed
Open charges
₹1.1 Cr
Satisfied ₹2.9 Cr
Company age
78 yrs
Est. 1948
Employees · EPFO
12
Provident fund records
About Indequip Limited
Data last updated:
Indequip Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 18 October 1948 and has been in existence for over 78 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29299GJ1948PLC107970. Its GSTIN is 24AAACI1352C1ZB (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Aalap Rameshbhai Parikh (Whole-Time Director) and Balraj Tomar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gas Godown Block No.3, Plot No. 96 Nidc Lamba Ahmedabad, Gujarat, India – 382440.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.95 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹16.69 Lakh (net margin 0.3%) and EBITDA of ₹51.31 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.1 Cr and satisfied charges of ₹2.9 Cr on record. Court records list 25 cases involving the company, including 13 filed by the company and 12 filed against it; 8 cases are pending.
Indequip Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0068921). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U29299GJ1948PLC107970
Registration Number 107970
Incorporation Date 18 October 1948
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0068921
CIN history
Indequip has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29299GJ1948PLC107970, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299GJ1948PLC107970 | Current |
| L29299MH1948PLC006617 | Previous |
| U29299MH1948PLC006617 | Previous |
Key People
Aalap Rameshbhai Parikh Whole-Time Director Balraj Tomar Additional Director Sudam Dhondibhau Auti Additional Director Recognitions & Rankings of Indequip
Contact details
Indequip Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGas Godown Block No.3, Plot No. 96 Nidc Lamba Ahmedabad, Gujarat, India – 382440
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Indequip Limited, buy the company report.
Comprehensive company report
Indequip Limited - one report that includes everything
- 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
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Business activity
The main business activity of Indequip is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Indequip Limited, buy the company report.
Financials of Indequip Limited
FY 2025 filings availableIndequip Limited reported revenue of ₹52.95 Cr (down 20% YoY) for FY 2024.
Revenue · FY 2024
₹52.95 Cr ▼ 20%
Net profit · FY 2024
₹16.69 Lakh margin 0.3%
EBITDA · FY 2024
₹51.31 Lakh margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 12%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 9%
5 years · compounded
▲ 2%
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹51.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.69 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Indequip Limited, buy the company report.
Board of directors of Indequip Limited
Indequip has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aalap Rameshbhai Parikh Also directs: Indequip Polyplast Private Limited, Indequip Chemdyes Private Limited, Indequip Business Solutions Private Limited and 1 more | Whole-Time Director | 22 Nov 2006 | 19 Years 11 Months | Current |
| Balraj Tomar Also directs: Indequip Business Solutions Private Limited | Additional Director | 05 Nov 2020 | 5 Years 11 Months | Current |
| Sudam Dhondibhau Auti | Additional Director | 21 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Indequip Limited is audited by TARANG R. KOTHARI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TARANG R. KOTHARI | FY 2023 | 101652 |
Shareholding
The shareholding of Indequip 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 Indequip Limited, buy the company report.
Charges & borrowings
Open charges
₹1.1 Cr
Satisfied charges
₹2.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2022 | 100555407 | Others | ₹1.1 Cr | Open | |
| 28 Aug 2014 | 10520349 | Ing Vysya Bank Limited | ₹1.1 Cr | Satisfied | |
| 11 Oct 2010 | 10257384 | Yes Bank Limited | ₹1 Cr | Satisfied | |
| 10 Dec 2007 | 10103628 | Centurion Bank of Punjab Limited | ₹40 Lakh | Satisfied | |
| 20 Nov 2007 | 10103625 | Centurion Bank of Punjab Ltd | ₹40 Lakh | Satisfied |
To see the full charge records of Indequip Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Indequip Limited has 25 court cases on record: 13 filed by Indequip, 12 filed against it. 8 cases are pending and 17 are disposed.
Total cases
25
Filed by the company
13
Filed against the company
12
Pending
8
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 4 | 5 |
| High courts | 10 | 7 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Indian Oil Corporation Limited and 3 others | Pending |
| High Court, MAHARASHTRA | Appeal | Filed against the company by Golden Medows Properties (Pvt.) Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms Captivate Marketing and Services Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Golden Medows Properties (Pvt.) Ltd. | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed by the company against United India Insurance Company Limited and 1 other | Disposed |
To see the full case history of Indequip 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 Indequip Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indequip Limited has a workforce of 12 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
Employee growth
9.09%
GST
Indequip has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI1352C1ZB | Gujarat | Active | 01 Jul 2017 |
| 24AAJCA0959L1ZG | Gujarat | Active | 01 Jul 2017 |
| 27AAACI1352C1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indequip Limited, buy the company report.
Recent activity
Indequip Limited has 13 board changes on record since 1985: 8 appointments and 5 cessations. The latest: Vikrant Sudam Auti ceased to be Additional Director on 31 Mar 2025.
AGM
Indequip Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indequip Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Vikrant Sudam Auti ceased to be Additional Director.
Ceased
Chirag Ramesh Parikh ceased to be Director.
Appointed
Sudam Dhondibhau Auti was appointed as Additional Director.
Appointed
Vikrant Sudam Auti was appointed as Additional Director.
Ceased
Vicky Rajkamal Bhardwaj ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 110.00 Lakh with Charge ID 100555407 was registered on 04 Feb 2022.
Charges
A charge registered on 11 Oct 2010 via Charge ID 10257384 with Yes Bank Limited was fully satisfied on 04 Feb 2022.
Appointed
Vicky Rajkamal Bhardwaj was appointed as Additional Director.
Ceased
Renukaben Rameshbhai Parikh ceased to be Director.
Appointed
Balraj Tomar was appointed as Additional Director.
14 earlier events are in the company report.
Frequently asked questions
Indequip is an active public limited company based in Ahmedabad, Gujarat, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 18 October 1948 (78+ years old) and is registered under CIN U29299GJ1948PLC107970.
Indequip has 3 current directors:
- Aalap Rameshbhai Parikh - Whole-Time Director
- Balraj Tomar - Additional Director
- Sudam Dhondibhau Auti - Additional Director
The latest financial statements of Indequip on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indequip is 24AAACI1352C1ZB, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAJCA0959L1ZG (Gujarat), 27AAACI1352C1Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Indequip is U29299GJ1948PLC107970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indequip has 25 court cases on record: 13 filed by the company and 12 filed against it. 8 are pending. Most are in the district courts.
Indequip was incorporated on 18 October 1948, making it 78+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vikrant Sudam Auti ceased to be Additional Director on 31 Mar 2025. Chirag Ramesh Parikh ceased to be Director on 09 Jan 2025. Sudam Dhondibhau Auti was appointed as Additional Director on 21 Oct 2024. Indequip has 13 board changes on record in total.
Yes, Indequip is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0068921).
The registered office of Indequip is at Gas Godown Block No.3, Plot No. 96 Nidc Lamba Ahmedabad, Gujarat, India – 382440.