Industrial Promotion And Investment Corporation Of Odisha Limited - Company Profile

It is a financial services public limited state government company based in Bhubaneswar, Orissa, India, established in 1973.

1973 Bhubaneswar, Orissa, India Active

Last Updated: January 05, 2026

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About Industrial Promotion And Investment Corporation Of Odisha Limited

Industrial Promotion And Investment Corporation Of Odisha Limited, a active public limited state government company, was established on 12 April 1973 in Bhubaneswar, Orissa, India. Engaging in diversified financial services within the public services by government agencies sector, it holds CIN: U65993OR1973SGC000585. Registered under ROC Roc Cuttack. it is unlisted. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹83.14 Cr.

Formerly known as Industrial Promotion And Investment Corpn. Of Orissa Ltd. It upholds a compliant status. Its leadership includes Prasanthkumarreddy Devireddy (Nominee Director), Lipsa Das (Nominee Director), Bhupendra Singh Poonia (Managing Director). Past directors included Premjit Nayak, Pradeep Kumar Biswal, Bijay Kumar Bose. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ipicol House Janpath, Bhubaneswar, Orissa, 751022.

Company Details

CIN/LLPIN
U65993OR1973SGC000585
Registration Number
000585
Incorporation Date
12 April 1973
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹83.14 Cr
ROC Code
Roc Cuttack
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 05-01-2026
Paid Up Capital ₹ 83.14 Cr as on 05-01-2026
Company Age 52 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 1921.34% (FY 2023)
Profit Growth **** 4366.41% (FY 2023)
Ebitda **** 39000.54% (FY 2023)
Net Worth 324.98% (FY 2023)
Total Assets **** 181.37% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Industrial Promotion And Investment Corporation Of Odisha Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Industrial Promotion And Investment Corporation Of Odisha Limited?

Current Directors

Name	Designation	Appointment Date	Status
Prasanthkumarreddy Devireddy	Nominee Director	06 Aug 2024	Current
Lipsa Das	Nominee Director	08 Jul 2025	Current
Bhupendra Singh Poonia	Managing Director	01 Jul 2021	Current
Hemant Sharma	Nominee Director	31 Aug 2019	Current
Saumyajit Rout	Nominee Director	05 May 2025	Current
Gauttam Chaudhury	Nominee Director	17 Jun 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	04 Jul 2023	Past
Pramod Abcsdd	Nominee Director	03 Dec 2014	Past
Pramod Abcsdd	Nominee Director	06 Dec 2012	Past
Pramod Abcsdd	Nominee Director	20 Jul 2024	Past
Pramod Abcsdd	Nominee Director	05 Oct 2023	Past
Pramod Abcsdd	Nominee Director	26 Sep 2008	Past

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Financial Performance of Industrial Promotion And Investment Corporation Of Odisha.

Industrial Promotion And Investment Corporation Of Odisha Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 1921.34% increase. The company also saw a substantial improvement in profitability, with a 4366.41% increase in profit. The company's net worth Soared by an impressive increase of 324.98%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

1921.34%

*******

Revenue from Operations

*******

3471.41%

*******

Total Assets

*******

181.37%

*******

Profit or Loss

*******

4366.41%

*******

Net Worth

*******

324.98%

*******

EBITDA

*******

39000.54%

*******

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What is the Ownership and Shareholding Structure of Industrial Promotion And Investment Corporation Of Odisha?

In 2023, Industrial Promotion And Investment Corporation Of Odisha had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Industrial Promotion And Investment Corporation Of Odisha?

Unlock and access historical data on people associated with Industrial Promotion And Investment Corporation Of Odisha, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Industrial Promotion And Investment Corporation Of Odisha, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Industrial Promotion And Investment Corporation Of Odisha's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Industrial Promotion And Investment Corporation Of Odisha

Recent Activity within the Organization

Director Appointment

Ramaballava Misra was appointed as a Director was appointed as a Director on 13 Aug 2025 & has been associated with this company since 6 months 20 days . was recorded as a recent event.
13 Aug 2025
Director Appointment

Krushna Chandra Samal was appointed as a Director was appointed as a Director on 13 Aug 2025 & has been associated with this company since 6 months 20 days . was recorded as a recent event.
13 Aug 2025
Director Appointment

The activity Narendra Kumar Nanda was appointed as a Director was appointed as a Director on 13 Aug 2025 & has been associated with this company since 6 months 20 days . was completed.
13 Aug 2025
Director Appointment

The activity Kajri Misra was appointed as a Director was appointed as a Director on 13 Aug 2025 & has been associated with this company since 6 months 20 days . was completed.
13 Aug 2025
Director Appointment

Mihir Khatoi was appointed as a Cfo was appointed as a Cfo on 15 Jul 2025 & has been associated with this company since 7 months 18 days . was recorded as a recent event.
15 Jul 2025
Annual General Meeting

The activity Industrial Promotion And Investment Corporation Of Odisha Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024

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Frequently Asked Questions

What is the CIN of Industrial Promotion And Investment Corporation Of Odisha Limited?

The CIN of Industrial Promotion And Investment Corporation Of Odisha Limited is U65993OR1973SGC000585.

Where is Industrial Promotion And Investment Corporation Of Odisha Limited headquartered?

Industrial Promotion And Investment Corporation Of Odisha Limited is headquartered at Ipicol House Janpath, Bhubaneswar, Orissa, 751022.

When was Industrial Promotion And Investment Corporation Of Odisha Limited incorporated?

Industrial Promotion And Investment Corporation Of Odisha Limited was incorporated on 12 April 1973.

Who are the current directors of Industrial Promotion And Investment Corporation Of Odisha Limited?

The current directors of Industrial Promotion And Investment Corporation Of Odisha Limited are

What is the primary industry of Industrial Promotion And Investment Corporation Of Odisha Limited?

The primary industry of Industrial Promotion And Investment Corporation Of Odisha Limited is Public Services By Government Agencies.

Is Industrial Promotion And Investment Corporation Of Odisha Limited a listed company?

Industrial Promotion And Investment Corporation Of Odisha Limited is unlisted.

What is the capital structure of Industrial Promotion And Investment Corporation Of Odisha Limited?

The authorized capital of Industrial Promotion And Investment Corporation Of Odisha Limited is ₹100.00 Cr, and the paid-up capital is ₹83.14 Cr.

What is the compliance status of Industrial Promotion And Investment Corporation Of Odisha Limited?

The compliance status of Industrial Promotion And Investment Corporation Of Odisha Limited is Compliant.

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