About Ion Exchange Environment Management Limited
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Ion Exchange Environment Management Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Ion Exchange (India) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 24 November 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45204MH2005PLC157554. Its GSTIN is 27AABCI4403P1ZF (Maharashtra). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Ion Exchange Waterleau Limited. It was led by directors including Vijay Narhar Gupchup and Rajesh Chandrabhan Sharma.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ion House Dr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.68 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.55 Cr (net margin 20.1%) and EBITDA of ₹4.49 Cr (EBITDA margin 35.4%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years.
The company had about 6 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Ion Exchange and Ion Exchange Waterleau. As per MCA filings, the company had satisfied charges of ₹35 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it.
The last known website on record is ionexchangewaterleau.com.
Company details
Name history
Ion Exchange Environment Management has undergone 2 name changes throughout its history. The company was previously known as Ion Exchange Waterleau Limited, and Ion Exchange Environment Management Limited. The current legal name is Ion Exchange Environment Management Limited.
| Company Name | Status |
|---|---|
| Ion Exchange Environment Management Limited | Current |
| Ion Exchange Waterleau Limited | Previous |
CIN history
Ion Exchange Environment Management has one previous CIN (Corporate Identification Number): U45204MH2005PTC157554. The current CIN is U45204MH2005PLC157554, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45204MH2005PLC157554 | Current |
| U45204MH2005PTC157554 | Previous |
Contact details
Ion Exchange Environment Management Limited's registered office is in Mumbai, Maharashtra. Its website is ionexchangewaterleau.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressIon House Dr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Ion Exchange Environment Management 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
Brands
Ion Exchange Environment Management operates two associated brands: Ion Exchange and ION EXCHANGE WATERLEAU. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Water and environmental management solutions are provided by Ion Exchange. | ionexchangeglobal.com | |
| Environmental solutions and services for water, waste, and energy management in industrial and municipal sectors. | ionexchangewaterleau.com |
Business activity
The main business activity of Ion Exchange Environment Management is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Ion Exchange Environment Management Limited, buy the company report.
Financials of Ion Exchange Environment Management Limited
FY 2023 filings availableIon Exchange Environment Management Limited reported revenue of ₹12.68 Cr (up 249% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 84% over three years, including 249% growth in the latest year. EBITDA rose 140% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹4.49 Cr | ||||
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| Net Profit (PAT) | ₹2.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 35.4% | ||||
| Net Profit Margin | 20.1% | ||||
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To see the full financial statements and ratios of Ion Exchange Environment Management Limited, buy the company report.
Board of directors of Ion Exchange Environment Management Limited
Ion Exchange Environment Management has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Narhar Gupchup | Director | 24 Nov 2005 | 20 Years 11 Months | As last reported |
| Rajesh Chandrabhan Sharma Also directs: Aqua Investments (India) Limited, Watercare Investments (India) Limited, Power Water Financial Services Private Limited and 5 more | Director | 24 Nov 2005 | 20 Years 11 Months | As last reported |
| Ajay Anoop Popat | Director | 29 May 2013 | 13 Years 4 Months | As last reported |
Auditor
Ion Exchange Environment Management Limited is audited by B S R & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2021 | 101248W/W100022 |
Shareholding
The shareholding of Ion Exchange Environment Management Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ion Exchange Environment Management Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2008 | 10101408 | Bank of India Consortium | ₹35 Cr | Satisfied |
To see the full charge records of Ion Exchange Environment Management Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ion Exchange Environment Management Limited has 11 court cases on record: 4 filed by Ion Exchange Environment Management, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 3 | 1 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Kirloskar Corrocoat Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Kirloskar Corrocoat Pvt Ltd | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against State of Haryana and Others and 2 others | Disposed |
To see the full case history of Ion Exchange Environment Management 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 Ion Exchange Environment Management Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ion Exchange Environment Management Limited has a workforce of 6 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Ion Exchange Environment Management has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI4403P1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ion Exchange Environment Management Limited, buy the company report.
Recent activity
Ion Exchange Environment Management Limited has 7 board changes on record since 2005: 3 appointments and 4 cessations. The latest: Willy Jules Paul Gils ceased to be Director on 07 Aug 2018.
Frequently asked questions
Ion Exchange Environment Management has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ion Exchange Environment Management was a public limited company based in Mumbai, Maharashtra, India. The company worked in waste management and recycling solutions, within the environment industry. It was incorporated on 24 November 2005 and is registered under CIN U45204MH2005PLC157554. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ion Exchange Environment Management was incorporated on 24 November 2005. It is registered with the Registrar of Companies, Mumbai.
Ion Exchange Environment Management had 3 directors:
- Vijay Narhar Gupchup - Director
- Rajesh Chandrabhan Sharma - Director
- Ajay Anoop Popat - Director
The CIN (Corporate Identification Number) of Ion Exchange Environment Management is U45204MH2005PLC157554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ion Exchange Environment Management is at Ion House Dr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.
Ion Exchange Environment Management can be reached through the website ionexchangewaterleau.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Ion Exchange Environment Management on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ion Exchange Environment Management is 27AABCI4403P1ZF, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Ion Exchange Environment Management operated in the environment industry, in the waste management and recycling solutions segment.