Indo Wagon Engineering Limited
About Indo Wagon Engineering Limited
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Indo Wagon Engineering Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Adhishwar Nivesh Private Limited. It operates in the railway equipment and supply segment of the transport and logistics sector. It was incorporated on 12 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U63011WB1998PLC088238.
The company has an authorised share capital of ₹2.85 Cr and a paid-up capital of ₹2.82 Cr. It is led by directors including Ramkrishna Das and Purnima Biswas.
Its last annual general meeting (AGM) was held on 04 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9 Ezra Street Top Floor – Room No 47, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹13,540, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹860 (net margin -6.4%) and EBITDA of -₹860 (EBITDA margin -6.4%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 3 cases are pending. The company has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹66.19 Cr; the latest was in March 2021. Its 3 peer companies in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Tarak Nath Bright Bar Industries Pvt Ltd with revenue of ₹24,000.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Indo Wagon Engineering Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Ezra Street Top Floor – Room No 47, Kolkata, West Bengal, India – 700001
- IndustryTransport and Logistics, Railway Equipment & Supply
To see the full contact details of Indo Wagon Engineering 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
Financials of Indo Wagon Engineering Limited
FY 2024 filings availableIndo Wagon Engineering Limited reported revenue of ₹13,540 (up 159% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 159% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 641% 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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| EBITDA | -₹860 | ||||
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| Net Profit (PAT) | -₹860 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -6.4% | ||||
| Net Profit Margin | -6.4% | ||||
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To see the full financial statements and ratios of Indo Wagon Engineering Limited, buy the company report.
Board of directors of Indo Wagon Engineering Limited
Indo Wagon Engineering has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramkrishna Das Also directs: Dunlop Rubbers Limited, Globe Sugar Refinery Limited, Dunlop Properties Private Limited and 5 more | Director | 30 Jun 2021 | 5 Years 3 Months | Current |
| Purnima Biswas Also directs: Globe Sugar Refinery Limited, Bhartiya Hotels Limited, Mayank Services Limited and 5 more | Additional Director | 18 Sep 2025 | 1 Years 1 Months | Current |
| Sabina Begum Also directs: Globe Sugar Refinery Limited, Dunlop Properties Private Limited, Bhartiya Hotels Limited and 5 more | Additional Director | 01 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Indo Wagon Engineering Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tarak Nath Bright Bar Industries Pvt Ltd | ₹24,000 (FY 2018) | -20.0% | Howrah, West Bengal, India | |||
| JV RT Vision and Dongwoo Private Limited | ₹23,840 (FY 2025) | -100.0% | Delhi, India | |||
| Indo Wagon Engineering Limitedthis company | ₹13,540 (FY 2024) | -₹860 | -6.4% | 159.0% | Kolkata, West Bengal, India | |
| Trafico & Croslite Pvt Ltd | ₹11,343 (FY 2025) | 0.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Indo Wagon Engineering Limited, buy the company report.
Auditor
Indo Wagon Engineering Limited is audited by A K RAY & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K RAY & CO | FY 2022 | 303003E |
Shareholding
The shareholding of Indo Wagon Engineering Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indo Wagon Engineering Limited, buy the company report.
Deals & funding
Indo Wagon Engineering Limited has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹66.19 Cr; the latest was in March 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Luni Housing & Developers Private Limited , 3 individuals Seller: Miller Traders Private Limited & Surajit Das, Miller Traders Private Limited & Goutam Kayal, Adhishwar Nivesh Private Limited & Rajesh Kumar Sharma |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Adhishwar Nivesh Private Limited , Adhishwar Nivesh Private Limited & Rajesh Kumar Sharma Seller: Ruia Sons Private Limited, Ruia Sons Private Limited & Ashok Kumar Goenka |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Ruia Sons Private Limited, Ruia Sons Private Limited & Ashok Kumar Goenka Seller: Sukaram Marketing Ltd , Sukaram Marketing Limited & Amit Kumar Joshi |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Sukaram Marketing Ltd , Sukaram Marketing Limited & Amit Kumar Joshi Seller: Ruia Sons Private Limited, Ruia Sons Private Limited & Ashok Kumar Goenka |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Ruia Sons Private Limited Seller: Suryamani Financing Company Ltd. |
To see the full deal history of Indo Wagon Engineering Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo Wagon Engineering Limited has 10 court cases on record: 4 filed by Indo Wagon Engineering, 6 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 3 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed by the company against Bharat Bhari Udyog Nigam Ltd. | Pending |
| High Court, West Bengal | Court case (APOT) | Filed against the company by The Braithwaite Burn and Jessop Construction Co. Ltd. | Disposed |
| High Court | Court case (EC) | Filed against the company by Braithwaite Burn & Jessop Construction Co. Ltd. Sandersons & Morgans | Disposed |
| High Court | Arbitration matter | Filed against the company by Bharat Bhari Udyog Nigam Limited | Disposed |
| High Court, West Bengal | Court case (CO) | Filed by the company against Edelweiss Asset Reconstruction Co Ltd and Ors and 4 others | Pending |
To see the full case history of Indo Wagon Engineering 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 Indo Wagon Engineering Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Indo Wagon Engineering Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Indo Wagon Engineering Limited has 25 board changes on record since 2002: 14 appointments and 11 cessations. The latest: Jyoti Sarkar ceased to be Director on 18 Sep 2025.
16 earlier events are in the company report.
Frequently asked questions
Indo Wagon Engineering is an active public limited company based in Kolkata, West Bengal, India. The company works in railway equipment and supply, within the transport and logistics industry. It was incorporated on 12 November 1998 (28+ years old) and is registered under CIN U63011WB1998PLC088238.
Indo Wagon Engineering has 3 current directors:
- Ramkrishna Das - Director
- Purnima Biswas - Additional Director
- Sabina Begum - Additional Director
The latest financial statements of Indo Wagon Engineering on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 04 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indo Wagon Engineering is U63011WB1998PLC088238. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Wagon Engineering has 10 court cases on record: 4 filed by the company and 6 filed against it. 3 are pending.
Indo Wagon Engineering was incorporated on 12 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Kolkata.
Indo Wagon Engineering has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹66.19 Cr; the latest was in March 2021.
The peers of Indo Wagon Engineering by revenue are Tarak Nath Bright Bar Industries Pvt Ltd, JV RT Vision and Dongwoo Private Limited, Trafico & Croslite Pvt Ltd, all in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jyoti Sarkar ceased to be Director on 18 Sep 2025. Purnima Biswas was appointed as Additional Director on 18 Sep 2025. Nisha Shaw ceased to be Director on 01 May 2025. Indo Wagon Engineering has 25 board changes on record in total.
The registered office of Indo Wagon Engineering is at 9 Ezra Street Top Floor – Room No 47, Kolkata, West Bengal, India – 700001.
Indo Wagon Engineering operates in the transport and logistics industry, in the railway equipment and supply segment.