Ion Exchange (India) Limited

BSE: 500214
Ion Exchange (India) Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L74999MH1964PLC014258 Incorporated 06 March 1964 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 500214 Public Limited Company engineering
Data last updated
Revenue · FY 2026
₹2,914.84 Cr
▲ 6.49% YoY
EBITDA · FY 2026
₹296.72 Cr
▼ 13.35% YoY
Net profit · FY 2026
₹143.21 Cr
▼ 31.23% YoY
Authorised capital
₹32 Cr
Registered with MCA
Paid-up capital
₹14.67 Cr
Issued & subscribed
Open charges
₹3,392.99 Cr
Satisfied ₹3,029.15 Cr
Company age
62 yrs
Est. 1964
Employees · EPFO
2,253
Latest available

About Ion Exchange (India) Limited

Data last updated: 22 December 2025

Ion Exchange (India) Limited is a public limited company based in Mumbai, Maharashtra, India. The company specialises in engineering. Incorporated on 06 March 1964, the company has been in operation for over 62 years.

Registered with ROC Mumbai under CIN L74999MH1964PLC014258. Listed on BSE: 500214.

Capital: an authorised share capital of ₹32 Cr and a paid-up capital of ₹14.67 Cr. It is led by directors including Sanjay Vithalrao Joshi and David Paul Rasquinha.

Last AGM: 09 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ion House Dr. E.Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.

As per the financials filed for FY 2025, the company reported a revenue of ₹2,785.72 Cr, a growth of 16% compared to the previous year.

The company has a workforce of approximately 2,253 employees as per the latest available data. Its group structure includes 8 subsidiaries.

The company is associated with 2 brands - Labwater, Ion Exchange. As per MCA filings, the company has open charges of ₹3,392.99 Cr and satisfied charges of ₹3,029.15 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 ionexchangeglobal.com.

Company Details of Ion Exchange (India) Limited
CIN L74999MH1964PLC014258
Registration Number 014258
Incorporation Date 06 March 1964
ROC Mumbai
Listing Status Listed (BSE: 500214)
Company Status Active
Date of Last AGM 09 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Indraneel Dutt Managing Director Rajesh Chandrabhan Sharma Whole-Time Director Sanjay Vithalrao Joshi Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    ionexchangeglobal.com
  • Social Media
  • Registered Address
    Ion House Dr. E.Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
  • Industry
    Engineering, Engineering, Procurement & Construction (EPC)
Company report
Ion Exchange (India) Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Ion Exchange (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Ion Exchange (India) Limited

Ion Exchange (India) Limited has one previous CIN (Corporate Identification Number): U74999MH2004PTC014258. The current CIN is L74999MH1964PLC014258, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L74999MH1964PLC014258 Current
U74999MH2004PTC014258 Previous

Associated Brands with Ion Exchange (India) Limited

Ion Exchange (India) Limited operates two associated brands: Labwater and Ion Exchange. These brands represent Ion Exchange (India) Limited's diversified market presence and brand portfolio.

Brand Description Website
Ion Exchange
Water and environmental management solutions are provided by Ion Exchange. ionexchangeglobal.com
Labwater
Offers lab water purification products and services for various sectors. labwater.in

Competitors & Alternatives of Ion Exchange (India) Limited

Brands and companies operating in the same space as Ion Exchange (India) Limited include ACCIONA, Pentair, Watts and 7 more.

Competitor Description Location Founded
ACCIONA ACCIONA Sustainable infrastructure solutions in renewable energy are developed and managed. Alcobendas, Spain, Spain 1931
Pentair Pentair Water and waste treatment services are provided worldwide. London, United Kingdom, United Kingdom 1966
Watts Watts Water quality testing, rainwater harvesting, and management services are provided. North Andover, United States, United States 1857
Sabesp Sabesp Potable water and wastewater treatment plants are constructed and operated. Sao Paulo, Brazil, Brazil 1973
Amiad Amiad Waste-water treatment and filtration systems are developed and supplied. Safed, Israel, Israel 1962
Bioscience Bioscience Microbial solutions are developed for wastewater treatment and analysis. Allentown, United States, United States 1984
Infiltrator Infiltrator Wastewater treatment systems are manufactured for septic and drainage applications. Old Saybrook, United States, United States 1987
Alfa Laval Alfa Laval Water treatment, food processing, and pharmaceutical services are provided. Lund, Sweden, Sweden 1883
Bluewater Bio Bluewater Bio Wastewater treatment services for industrial and municipal sectors are provided. London, United Kingdom, United Kingdom 2007
Sanepar Sanepar Sanitation services are provided by Sanepar in Brazil. Curitiba, Brazil, Brazil 1963

Business Activity of Ion Exchange (India) Limited

Ion Exchange (India) Limited is engaged in principal business activities including water supply, sewerage and waste management and manufacturing, with detailed activities including water collection, treatment and supply, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
E Water supply, sewerage and waste management E1 Water collection, treatment and supply *********
C Manufacturing C6 Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products *********

Auditor Details of Ion Exchange (India) Limited

Ion Exchange (India) Limited is audited by Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE 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
Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Ion Exchange (India) Limited

Ion Exchange (India) Limited is currently managed by 13 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Sanjay Vithalrao Joshi
Also directs: Ion Exchange Projects And Engineering Limited, Gujarat Alkalies And Chemicals Limited, Slb Capturi India Private Limited
Director 26 Jul 2023 2 Years 11 Months Current
David Paul Rasquinha
Also directs: Aquanomics Systems Limited, Ion Exchange Projects And Engineering Limited, Ajanta Pharma Limited and 2 more
Director 02 Aug 2022 3 Years 11 Months Current
Padmanabhan Gopalaraman
Also directs: Haldyn Glass Limited, Axis Bank Limited, India International Bullion Exchange Ifsc Limited
Director 02 Aug 2024 1 Years 11 Months Current
Alka Arora Misra
Also directs: Rajratan Global Wire Limited, Transindia Real Estate Limited, Sarsan Enterprises Private Limited and 2 more
Director 02 Aug 2024 1 Years 11 Months Current
Dinesh Sharma
Also directs: Rockmen Merchants Ltd, Aquanomics Systems Limited, Ultrafresh Modular Solutions Limited
Director 24 Jan 2006 20 Years 5 Months Current
Aankur Patni
Also directs: Rockmen Merchants Ltd, Aquanomics Systems Limited, Ion Exchange Projects And Engineering Limited and 1 more
Director 24 Jan 2006 20 Years 5 Months Current
Showing 6 of 13 current directors. View all directors

Financials of Ion Exchange (India) Limited FY 2026 filings available

Ion Exchange (India) Limited reported revenue of ₹2,914.84 Cr (up 6.49% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹2,914.84 Cr ▲ 6.49%
Profit · FY 2026
₹143.21 Cr ▼ 31.23%
EBITDA · FY 2026
₹296.72 Cr ▼ 13.35%
Revenue₹ Cr · Consolidated01,0002,0003,000FY 2022: ₹1,577 Cr1,577FY 2022FY 2023: ₹1,990 Cr · +26.2% YoY1,990+26.2%FY 2023FY 2024: ₹2,348 Cr · +18% YoY2,348+18%FY 2024FY 2025: ₹2,737 Cr · +16.6% YoY2,737+16.6%FY 2025FY 2026: ₹2,915 Cr · +6.5% YoY2,915+6.5%FY 2026
Net Profit₹ Cr · Consolidated0100200300FY 2022: ₹162 Cr162FY 2022FY 2023: ₹195 Cr · +20.6% YoY195+20.6%FY 2023FY 2024: ₹195 Cr · +0.2% YoY195+0.2%FY 2024FY 2025: ₹208 Cr · +6.6% YoY208+6.6%FY 2025FY 2026: ₹143 Cr · -31.2% YoY143-31.2%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,000Q1'25: ₹568 Cr · +18.4% YoY568+18.4%Q1'25Q2'25: ₹644 Cr · +20.9% YoY644+20.9%Q2'25Q3'25: ₹691 Cr · +24.7% YoY691+24.7%Q3'25Q4'25: ₹835 Cr · +6.7% YoY835+6.7%Q4'25Q1'26: ₹583 Cr · +2.8% YoY583+2.8%Q1'26Q2'26: ₹734 Cr · +13.9% YoY734+13.9%Q2'26Q3'26: ₹734 Cr · +6.4% YoY734+6.4%Q3'26Q4'26: ₹863 Cr · +3.4% YoY863+3.4%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Revenue from Operations ₹2,914.84 Cr ₹2,737.11 Cr ₹2,347.85 Cr ₹1,989.61 Cr ₹1,576.87 Cr
Other Income ₹86.57 Cr ₹48.61 Cr ₹43.88 Cr ₹41.07 Cr ₹41.7 Cr
Total Income ₹3,001.41 Cr ₹2,785.72 Cr ₹2,391.73 Cr ₹2,030.68 Cr ₹1,618.57 Cr
Cost of Materials Consumed ₹1,792.75 Cr ₹1,635.54 Cr ₹1,374.63 Cr ₹1,181.53 Cr ₹927.92 Cr
Purchases of Stock-in-Trade ₹146.24 Cr ₹107.81 Cr ₹90.62 Cr ₹70.54 Cr ₹43.19 Cr
Changes in Inventories -₹85.41 Cr -₹17.94 Cr -₹57 Lakh -₹9.5 Cr -₹25.37 Cr
Employee Benefit Expense ₹414.56 Cr ₹341.53 Cr ₹296.55 Cr ₹236.27 Cr ₹199.04 Cr
Finance Costs ₹24 Cr ₹13.46 Cr ₹12.06 Cr ₹9.2 Cr ₹9.95 Cr
Depreciation & Amortisation ₹62.6 Cr ₹44.49 Cr ₹36.41 Cr ₹29.09 Cr ₹28.04 Cr
Other Expenses ₹436.55 Cr ₹376.35 Cr ₹314.67 Cr ₹255.78 Cr ₹218.89 Cr
Total Expenses ₹2,791.29 Cr ₹2,501.24 Cr ₹2,124.37 Cr ₹1,772.91 Cr ₹1,401.66 Cr
Profit Before Exceptional Items & Tax ₹210.12 Cr ₹284.48 Cr ₹267.36 Cr ₹257.77 Cr ₹216.91 Cr
Exceptional Items -₹16.89 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹193.23 Cr ₹284.48 Cr ₹267.36 Cr ₹257.77 Cr ₹216.91 Cr
Total Tax Expense ₹51.73 Cr ₹77.23 Cr ₹73.54 Cr ₹63.74 Cr ₹55.64 Cr
Net Profit ₹143.21 Cr ₹208.25 Cr ₹195.36 Cr ₹194.96 Cr ₹161.69 Cr
  attributable to Owners ₹142.67 Cr ₹207.81 Cr ₹196.02 Cr ₹196.74 Cr ₹162.78 Cr
  attributable to NCI ₹54 Lakh ₹44 Lakh -₹66 Lakh -₹1.78 Cr -₹1.09 Cr
Other Comprehensive Income ₹6.99 Cr ₹17 Lakh -₹28 Lakh -₹1.66 Cr -₹1 Cr
Total Comprehensive Income ₹150.2 Cr ₹208.42 Cr ₹195.08 Cr ₹193.3 Cr ₹160.69 Cr
EBITDA (computed) ₹296.72 Cr ₹342.43 Cr ₹315.83 Cr ₹296.06 Cr ₹254.9 Cr
Basic EPS ₹12.03 ₹17.53 ₹16.53 ₹165.95 ₹137.30
Diluted EPS ₹12.03 ₹17.53 ₹16.53 ₹165.95 ₹137.30
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹3,379.93 Cr ₹2,986.93 Cr ₹2,449.39 Cr ₹1,940.15 Cr
Non-current Assets ₹1,023.21 Cr ₹806.66 Cr ₹498.74 Cr ₹312.24 Cr
Current Assets ₹2,356.72 Cr ₹2,180.27 Cr ₹1,950.65 Cr ₹1,627.91 Cr
Property, Plant & Equipment ₹729.69 Cr ₹367.37 Cr ₹340.11 Cr ₹205 Cr
Inventories ₹441.39 Cr ₹298.99 Cr ₹236.54 Cr ₹222.26 Cr
Trade Receivables ₹1,074.69 Cr ₹1,133.91 Cr ₹934.78 Cr ₹696.79 Cr
Cash & Equivalents ₹184.56 Cr ₹149.29 Cr ₹153.64 Cr ₹175.36 Cr
Equity (Net Worth) ₹1,340.32 Cr ₹1,209.49 Cr ₹1,019.81 Cr ₹835.8 Cr
Equity Share Capital ₹14.23 Cr ₹14.23 Cr ₹14.23 Cr ₹14.23 Cr
Borrowings (Non-current) ₹357.58 Cr ₹252.06 Cr ₹109.05 Cr ₹15.68 Cr
Borrowings (Current) ₹96.83 Cr ₹50.96 Cr ₹28.53 Cr ₹36.81 Cr
Total Debt (computed) ₹454.41 Cr ₹303.02 Cr ₹137.58 Cr ₹52.49 Cr
Current Liabilities ₹1,613.42 Cr ₹1,468.15 Cr ₹1,259.1 Cr ₹1,051.36 Cr
Total Liabilities ₹2,039.61 Cr ₹1,777.44 Cr ₹1,429.58 Cr ₹1,104.35 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹28.47 Cr ₹32.05 Cr ₹129.94 Cr ₹62.73 Cr ₹91.38 Cr
Investing Cash Flow -₹44.46 Cr -₹164.57 Cr -₹160.05 Cr -₹40.41 Cr -₹92 Cr
Financing Cash Flow ₹100.11 Cr ₹128.2 Cr ₹8.36 Cr -₹15.31 Cr -₹26.86 Cr
Capital Expenditure ₹254.14 Cr ₹320.39 Cr ₹120.33 Cr ₹59.85 Cr ₹50.02 Cr
Free Cash Flow (computed) -₹282.61 Cr -₹288.34 Cr ₹9.61 Cr ₹2.88 Cr ₹41.36 Cr
Dividends Paid ₹19.36 Cr ₹18.75 Cr ₹15.45 Cr ₹12.31 Cr ₹12.14 Cr
Net Change in Cash ₹35.27 Cr -₹4.35 Cr -₹21.72 Cr ₹6.28 Cr -₹28.15 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹863.27 Cr ₹734.44 Cr ₹733.94 Cr ₹583.19 Cr ₹834.56 Cr ₹690.51 Cr ₹644.47 Cr ₹567.57 Cr ₹781.81 Cr ₹553.85 Cr ₹532.97 Cr ₹479.22 Cr
Other Income ₹43.05 Cr ₹11.52 Cr ₹14.26 Cr ₹17.74 Cr ₹14.84 Cr ₹8.35 Cr ₹14.35 Cr ₹11.07 Cr ₹16.85 Cr ₹8.81 Cr ₹9.56 Cr ₹8.66 Cr
Total Income ₹906.32 Cr ₹745.96 Cr ₹748.2 Cr ₹600.93 Cr ₹849.4 Cr ₹698.86 Cr ₹658.82 Cr ₹578.64 Cr ₹798.66 Cr ₹562.66 Cr ₹542.53 Cr ₹487.88 Cr
Cost of Materials Consumed ₹585.73 Cr ₹435.67 Cr ₹452.94 Cr ₹318.41 Cr ₹523.25 Cr ₹416.96 Cr ₹378.09 Cr ₹317.24 Cr ₹481.63 Cr ₹306.93 Cr ₹327.96 Cr ₹258.11 Cr
Purchases of Stock-in-Trade ₹42.56 Cr ₹38.96 Cr ₹35.23 Cr ₹29.49 Cr ₹29.51 Cr ₹29.33 Cr ₹25.21 Cr ₹23.76 Cr ₹25.14 Cr ₹22.93 Cr ₹22.21 Cr ₹20.34 Cr
Changes in Inventories -₹39.18 Cr -₹13.11 Cr -₹28.8 Cr -₹4.32 Cr -₹11.52 Cr -₹9.73 Cr ₹5.46 Cr -₹2.15 Cr ₹6.38 Cr ₹1.49 Cr -₹18.65 Cr ₹10.21 Cr
Employee Benefit Expense ₹115.25 Cr ₹104.59 Cr ₹98.59 Cr ₹96.13 Cr ₹88.9 Cr ₹84.27 Cr ₹81.5 Cr ₹86.86 Cr ₹80.82 Cr ₹71.84 Cr ₹69.11 Cr ₹74.78 Cr
Finance Costs ₹10.79 Cr ₹7.57 Cr ₹3.08 Cr ₹2.56 Cr ₹3.61 Cr ₹3.3 Cr ₹3.62 Cr ₹2.93 Cr ₹3.23 Cr ₹3.22 Cr ₹3.56 Cr ₹2.05 Cr
Depreciation & Amortisation ₹19.6 Cr ₹18.57 Cr ₹12.17 Cr ₹12.26 Cr ₹11.83 Cr ₹11.33 Cr ₹10.89 Cr ₹10.44 Cr ₹10.42 Cr ₹9.62 Cr ₹8.5 Cr ₹7.87 Cr
Other Expenses ₹139.04 Cr ₹109.08 Cr ₹107.49 Cr ₹80.94 Cr ₹118.58 Cr ₹94.21 Cr ₹85.91 Cr ₹77.65 Cr ₹95.64 Cr ₹80.08 Cr ₹71.95 Cr ₹67 Cr
Total Expenses ₹873.79 Cr ₹701.33 Cr ₹680.7 Cr ₹535.47 Cr ₹764.16 Cr ₹629.67 Cr ₹590.68 Cr ₹516.73 Cr ₹703.26 Cr ₹496.11 Cr ₹484.64 Cr ₹440.36 Cr
Profit Before Exceptional Items & Tax ₹32.53 Cr ₹44.63 Cr ₹67.5 Cr ₹65.46 Cr ₹85.24 Cr ₹69.19 Cr ₹68.14 Cr ₹61.91 Cr ₹95.4 Cr ₹66.55 Cr ₹57.89 Cr ₹47.52 Cr
Exceptional Items ₹8 Lakh -₹16.97 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹32.61 Cr ₹27.66 Cr ₹67.5 Cr ₹65.46 Cr ₹85.24 Cr ₹69.19 Cr ₹68.14 Cr ₹61.91 Cr ₹95.4 Cr ₹66.55 Cr ₹57.89 Cr ₹47.52 Cr
Total Tax Expense ₹8.19 Cr ₹8.12 Cr ₹17.94 Cr ₹17.48 Cr ₹21.9 Cr ₹20.16 Cr ₹17.68 Cr ₹17.49 Cr ₹22.74 Cr ₹19.94 Cr ₹16.63 Cr ₹14.23 Cr
Net Profit ₹24.29 Cr ₹20.56 Cr ₹49.92 Cr ₹48.44 Cr ₹63.24 Cr ₹49.59 Cr ₹50.64 Cr ₹44.78 Cr ₹72.45 Cr ₹47.24 Cr ₹42.35 Cr ₹33.32 Cr
  attributable to Owners ₹24.14 Cr ₹20.3 Cr ₹49.53 Cr ₹48.7 Cr ₹63.35 Cr ₹48.56 Cr ₹50.94 Cr ₹44.96 Cr ₹72.79 Cr ₹47.46 Cr ₹42.5 Cr ₹33.27 Cr
  attributable to NCI ₹15 Lakh ₹26 Lakh ₹39 Lakh -₹26 Lakh -₹11 Lakh ₹1.03 Cr -₹30 Lakh -₹18 Lakh -₹34 Lakh -₹22 Lakh -₹15 Lakh ₹5 Lakh
Other Comprehensive Income ₹1.52 Cr ₹70 Lakh ₹2.68 Cr ₹2.09 Cr ₹92 Lakh -₹91 Lakh ₹52 Lakh -₹36 Lakh ₹60 Lakh -₹22 Lakh -₹39 Lakh -₹27 Lakh
Total Comprehensive Income ₹25.81 Cr ₹21.26 Cr ₹52.6 Cr ₹50.53 Cr ₹64.16 Cr ₹48.68 Cr ₹51.16 Cr ₹44.42 Cr ₹73.05 Cr ₹47.02 Cr ₹41.96 Cr ₹33.05 Cr
EBITDA (computed) ₹62.92 Cr ₹70.77 Cr ₹82.75 Cr ₹80.28 Cr ₹100.68 Cr ₹83.82 Cr ₹82.65 Cr ₹75.28 Cr ₹109.05 Cr ₹79.39 Cr ₹69.95 Cr ₹57.44 Cr
Basic EPS ₹2.04 ₹1.71 ₹4.18 ₹4.11 ₹5.34 ₹4.10 ₹4.30 ₹3.79 ₹6.14 ₹4.00 ₹3.59 ₹2.81
Diluted EPS ₹2.04 ₹1.71 ₹4.18 ₹4.11 ₹5.34 ₹4.10 ₹4.30 ₹3.79 ₹6.14 ₹4.00 ₹3.59 ₹2.81
Latest 12 quarters shown of 17 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Engineering ₹553.87 Cr ₹21.45 Cr ₹1,840.01 Cr ₹1,074.26 Cr
Chemicals ₹229.71 Cr ₹33.44 Cr ₹1,187.66 Cr ₹730.02 Cr
Consumer Products ₹104.73 Cr -₹4.61 Cr ₹134.57 Cr ₹104.68 Cr
Others ₹0 ₹43 Lakh ₹16.89 Cr ₹1.81 Cr
Unallocated ₹1.36 Cr ₹0 ₹200.8 Cr ₹128.84 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Engineering ₹1,757.76 Cr ₹90.23 Cr - -
Chemicals ₹867.72 Cr ₹182.31 Cr - -
Consumer Products ₹379.42 Cr -₹11.54 Cr - -
Others ₹0 -₹31 Lakh - -
Unallocated ₹1.36 Cr ₹0 - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Revenue from Operations ₹2,678.91 Cr ₹2,540.06 Cr ₹2,180.04 Cr ₹1,892.17 Cr ₹1,509.36 Cr
Other Income ₹94.95 Cr ₹51.15 Cr ₹47.04 Cr ₹46.8 Cr ₹46.13 Cr
Total Income ₹2,773.86 Cr ₹2,591.21 Cr ₹2,227.08 Cr ₹1,938.97 Cr ₹1,555.49 Cr
Cost of Materials Consumed ₹1,700.34 Cr ₹1,541.83 Cr ₹1,301.35 Cr ₹1,164.04 Cr ₹912.7 Cr
Purchases of Stock-in-Trade ₹146.24 Cr ₹107.81 Cr ₹90.62 Cr ₹70.54 Cr ₹43.19 Cr
Changes in Inventories -₹92.06 Cr -₹15.22 Cr -₹2.16 Cr -₹6.72 Cr -₹16.23 Cr
Employee Benefit Expense ₹331.55 Cr ₹274.78 Cr ₹241.87 Cr ₹195.91 Cr ₹163.69 Cr
Finance Costs ₹20.54 Cr ₹8.38 Cr ₹6.73 Cr ₹6.36 Cr ₹7.57 Cr
Depreciation & Amortisation ₹57.58 Cr ₹39.99 Cr ₹32.95 Cr ₹27.97 Cr ₹26.78 Cr
Other Expenses ₹408.51 Cr ₹345.62 Cr ₹281.37 Cr ₹235.5 Cr ₹209.04 Cr
Total Expenses ₹2,572.7 Cr ₹2,303.19 Cr ₹1,952.73 Cr ₹1,693.6 Cr ₹1,346.74 Cr
Profit Before Exceptional Items & Tax ₹201.16 Cr ₹288.02 Cr ₹274.35 Cr ₹245.37 Cr ₹208.75 Cr
Exceptional Items -₹14.54 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹186.62 Cr ₹288.02 Cr ₹274.35 Cr ₹245.37 Cr ₹208.75 Cr
Total Tax Expense ₹48.24 Cr ₹73.54 Cr ₹70.25 Cr ₹60.66 Cr ₹54.53 Cr
Net Profit ₹138.38 Cr ₹214.48 Cr ₹204.1 Cr ₹184.71 Cr ₹154.22 Cr
Other Comprehensive Income -₹61 Lakh -₹8 Lakh -₹88 Lakh -₹2.36 Cr -₹1.47 Cr
Total Comprehensive Income ₹137.77 Cr ₹214.4 Cr ₹203.22 Cr ₹182.35 Cr ₹152.75 Cr
EBITDA (computed) ₹279.28 Cr ₹336.39 Cr ₹314.03 Cr ₹279.7 Cr ₹243.1 Cr
Basic EPS ₹11.26 ₹17.45 ₹16.60 ₹150.26 ₹125.44
Diluted EPS ₹11.26 ₹17.45 ₹16.60 ₹150.26 ₹125.44
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹3,260.35 Cr ₹2,891.36 Cr ₹2,330.79 Cr ₹1,964.6 Cr
Non-current Assets ₹1,019 Cr ₹823.57 Cr ₹471.62 Cr ₹355.35 Cr
Current Assets ₹2,241.35 Cr ₹2,067.79 Cr ₹1,859.17 Cr ₹1,609.25 Cr
Property, Plant & Equipment ₹627.83 Cr ₹278.77 Cr ₹250.64 Cr ₹198.52 Cr
Inventories ₹385.56 Cr ₹241.04 Cr ₹188.65 Cr ₹184.7 Cr
Trade Receivables ₹1,072.53 Cr ₹1,125.37 Cr ₹921.73 Cr ₹699.01 Cr
Cash & Equivalents ₹141.14 Cr ₹115.81 Cr ₹110.38 Cr ₹158.56 Cr
Equity (Net Worth) ₹1,389.64 Cr ₹1,270.31 Cr ₹1,074.35 Cr ₹937.49 Cr
Equity Share Capital ₹14.67 Cr ₹14.67 Cr ₹14.67 Cr ₹14.67 Cr
Borrowings (Non-current) ₹308.2 Cr ₹197.95 Cr ₹43.82 Cr ₹15.68 Cr
Borrowings (Current) ₹76.04 Cr ₹28.95 Cr ₹3.41 Cr ₹9.48 Cr
Total Debt (computed) ₹384.24 Cr ₹226.9 Cr ₹47.23 Cr ₹25.16 Cr
Current Liabilities ₹1,507.79 Cr ₹1,379.93 Cr ₹1,166.23 Cr ₹978.19 Cr
Total Liabilities ₹1,870.71 Cr ₹1,621.05 Cr ₹1,256.44 Cr ₹1,027.11 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹55.73 Cr ₹26.18 Cr ₹124.47 Cr ₹43.21 Cr ₹75.14 Cr
Investing Cash Flow -₹38.23 Cr -₹169 Cr -₹160.96 Cr -₹13.31 Cr -₹80.5 Cr
Financing Cash Flow ₹111.2 Cr ₹148.28 Cr -₹11.77 Cr -₹24.17 Cr -₹21.7 Cr
Capital Expenditure ₹251.53 Cr ₹318.69 Cr ₹115.44 Cr ₹58.46 Cr ₹49.16 Cr
Free Cash Flow (computed) -₹307.26 Cr -₹292.51 Cr ₹9.03 Cr -₹15.25 Cr ₹25.98 Cr
Dividends Paid ₹18.44 Cr ₹18.44 Cr ₹15.37 Cr ₹12.29 Cr ₹12.29 Cr
Net Change in Cash ₹25.33 Cr ₹5.43 Cr -₹48.23 Cr ₹5 Cr -₹27.73 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹813.91 Cr ₹668.93 Cr ₹678.24 Cr ₹517.83 Cr ₹785.11 Cr ₹649.93 Cr ₹588.93 Cr ₹516.09 Cr ₹734.65 Cr ₹512.03 Cr ₹483.12 Cr ₹448.63 Cr
Other Income ₹44.7 Cr ₹14.25 Cr ₹16.48 Cr ₹19.52 Cr ₹15.15 Cr ₹10.76 Cr ₹12.61 Cr ₹12.63 Cr ₹17.03 Cr ₹10.69 Cr ₹11.24 Cr ₹10.58 Cr
Total Income ₹858.61 Cr ₹683.18 Cr ₹694.72 Cr ₹537.35 Cr ₹800.26 Cr ₹660.69 Cr ₹601.54 Cr ₹528.72 Cr ₹751.68 Cr ₹522.72 Cr ₹494.36 Cr ₹459.21 Cr
Cost of Materials Consumed ₹572.17 Cr ₹400.04 Cr ₹433.76 Cr ₹294.37 Cr ₹499.5 Cr ₹391.8 Cr ₹352.48 Cr ₹298.05 Cr ₹468.09 Cr ₹293.52 Cr ₹294.49 Cr ₹249.35 Cr
Purchases of Stock-in-Trade ₹42.56 Cr ₹38.96 Cr ₹35.23 Cr ₹29.49 Cr ₹29.51 Cr ₹29.33 Cr ₹25.21 Cr ₹23.76 Cr ₹25.14 Cr ₹22.93 Cr ₹22.21 Cr ₹20.34 Cr
Changes in Inventories -₹36.64 Cr -₹13.27 Cr -₹29.76 Cr -₹12.39 Cr -₹10.17 Cr ₹9 Lakh ₹1.7 Cr -₹6.84 Cr ₹5.26 Cr -₹2.73 Cr -₹10 Cr ₹5.31 Cr
Employee Benefit Expense ₹93.79 Cr ₹83.1 Cr ₹77.86 Cr ₹76.8 Cr ₹71.83 Cr ₹67.3 Cr ₹65.19 Cr ₹70.46 Cr ₹66.33 Cr ₹57 Cr ₹55.76 Cr ₹62.22 Cr
Finance Costs ₹10.07 Cr ₹6.64 Cr ₹2.17 Cr ₹1.66 Cr ₹2.53 Cr ₹2.05 Cr ₹2.14 Cr ₹1.66 Cr ₹1.24 Cr ₹1.55 Cr ₹2.16 Cr ₹1.76 Cr
Depreciation & Amortisation ₹18.38 Cr ₹17.21 Cr ₹10.96 Cr ₹11.03 Cr ₹10.66 Cr ₹10.21 Cr ₹9.77 Cr ₹9.35 Cr ₹9.04 Cr ₹8.47 Cr ₹7.77 Cr ₹7.55 Cr
Other Expenses ₹130.95 Cr ₹103.83 Cr ₹100.38 Cr ₹73.35 Cr ₹111.16 Cr ₹86.98 Cr ₹77.4 Cr ₹70.08 Cr ₹82.24 Cr ₹73.73 Cr ₹63.41 Cr ₹60.9 Cr
Total Expenses ₹831.28 Cr ₹636.51 Cr ₹630.6 Cr ₹474.31 Cr ₹715.02 Cr ₹587.76 Cr ₹533.89 Cr ₹466.52 Cr ₹657.34 Cr ₹454.47 Cr ₹435.8 Cr ₹407.43 Cr
Profit Before Exceptional Items & Tax ₹27.33 Cr ₹46.67 Cr ₹64.12 Cr ₹63.04 Cr ₹85.24 Cr ₹72.93 Cr ₹67.65 Cr ₹62.2 Cr ₹94.34 Cr ₹68.25 Cr ₹58.56 Cr ₹51.78 Cr
Exceptional Items ₹0 -₹14.54 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹27.33 Cr ₹32.13 Cr ₹64.12 Cr ₹63.04 Cr ₹85.24 Cr ₹72.93 Cr ₹67.65 Cr ₹62.2 Cr ₹94.34 Cr ₹68.25 Cr ₹58.56 Cr ₹51.78 Cr
Total Tax Expense ₹7.76 Cr ₹8.07 Cr ₹16.25 Cr ₹16.16 Cr ₹20.66 Cr ₹19.6 Cr ₹16.91 Cr ₹16.37 Cr ₹22.59 Cr ₹19.06 Cr ₹15.21 Cr ₹13.39 Cr
Net Profit ₹19.57 Cr ₹24.06 Cr ₹47.87 Cr ₹46.88 Cr ₹64.58 Cr ₹53.33 Cr ₹50.74 Cr ₹45.83 Cr ₹71.75 Cr ₹49.19 Cr ₹43.35 Cr ₹38.39 Cr
Other Comprehensive Income -₹54 Lakh -₹2 Lakh -₹3 Lakh -₹2 Lakh ₹59 Lakh -₹23 Lakh -₹21 Lakh -₹23 Lakh ₹89 Lakh -₹60 Lakh -₹58 Lakh -₹59 Lakh
Total Comprehensive Income ₹19.03 Cr ₹24.04 Cr ₹47.84 Cr ₹46.86 Cr ₹65.17 Cr ₹53.1 Cr ₹50.53 Cr ₹45.6 Cr ₹72.64 Cr ₹48.59 Cr ₹42.77 Cr ₹37.8 Cr
EBITDA (computed) ₹55.78 Cr ₹70.52 Cr ₹77.25 Cr ₹75.73 Cr ₹98.43 Cr ₹85.19 Cr ₹79.56 Cr ₹73.21 Cr ₹104.62 Cr ₹78.27 Cr ₹68.49 Cr ₹61.09 Cr
Basic EPS ₹1.59 ₹1.96 ₹3.89 ₹3.81 ₹5.25 ₹4.34 ₹4.13 ₹3.73 ₹5.84 ₹4.00 ₹3.53 ₹3.12
Diluted EPS ₹1.59 ₹1.96 ₹3.89 ₹3.81 ₹5.25 ₹4.34 ₹4.13 ₹3.73 ₹5.84 ₹4.00 ₹3.53 ₹3.12
Latest 12 quarters shown of 17 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Engineeirng ₹536.48 Cr ₹18.41 Cr ₹1,760.87 Cr ₹1,021.7 Cr
Chemicals ₹197.74 Cr ₹30.91 Cr ₹1,029.53 Cr ₹615.27 Cr
Consumer Products ₹104.73 Cr -₹4.78 Cr ₹134.58 Cr ₹104.68 Cr
Unallocated ₹1.36 Cr ₹0 ₹335.37 Cr ₹129.06 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Engineeirng ₹1,671.55 Cr ₹91.67 Cr - -
Chemicals ₹718 Cr ₹165.72 Cr - -
Consumer Products ₹379.42 Cr -₹12.05 Cr - -
Unallocated ₹1.36 Cr ₹0 - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Ion Exchange (India) Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Ion Exchange (India) Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 25.52%, foreign institutional investors hold 4.63%, domestic institutional investors hold 14.80%, retail and other public shareholders hold 38.87% of Ion Exchange (India) Limited. The company had 116,996 shareholders on record.

Promoters: 25.52%DII (Domestic Institutional): 14.80%FII (Foreign Institutional): 4.63%Retail & Others: 38.87%Others: 16.18%
Mar 2026
QUARTER
25.52% Promoters
14.80% DII (Domestic Institutional)
4.63% FII (Foreign Institutional)
38.87% Retail & Others
16.18% Others
Promoter holding - history
Now 25.52% · Mar 2026High 27.01% · Feb 2022Low 25.52% · Mar 2026
24%25.3%26.5%27.8%29%Feb 2022Dec 2022Dec 2023Dec 2024Dec 2025Feb 2022: 27.01%Mar 2022: 27.01%Jun 2022: 27.01%Sep 2022: 27.01%Dec 2022: 26.99%Mar 2023: 26.95%Jun 2023: 26.94%Sep 2023: 26.76%Dec 2023: 26.46%Mar 2024: 26.38%Jun 2024: 26.20%Sep 2024: 25.90%Dec 2024: 25.78%Mar 2025: 25.76%Jun 2025: 25.70%Sep 2025: 25.66%Dec 2025: 25.58%Mar 2026: 25.52%27.01%25.52%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters25.52%25.58%25.66%25.70%25.76%25.78%
Public58.29%58.23%58.15%58.12%58.06%58.04%
Employee Trusts16.18%16.18%16.18%16.18%16.18%16.18%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Promoters25.52%25.76%26.38%26.95%27.01%
Public58.29%58.06%57.43%56.87%56.81%
Employee Trusts16.18%16.18%16.18%16.18%16.18%
Promoter change (YoY, %pts)-0.24-0.62-0.57-0.06-

Board & Governance of Ion Exchange (India) Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ion Exchange (India) Limited has 10 directors - 5 independent and 2 executive. The board is chaired by Rajesh Sharma.

DirectorPositionOn board sinceListed boards
Rajesh Sharma Executive Director · Chairperson 1996-03-26 1
Indraneel Dutt Executive Director · CEO-MD 2024-10-01 1
Mahabir Prasad Patni Non-Executive - Non Independent Director 2001-09-28 1
Dinesh Sharma Non-Executive - Non Independent Director 2006-01-24 1
Aankur Patni Non-Executive - Non Independent Director 2006-01-24 1
David Rasquinha Non-Executive - Independent Director 2022-09-08 2
Sanjay Joshi Non-Executive - Independent Director 2023-09-08 2
Amitava Guharoy Non-Executive - Independent Director 2024-09-11 1
Alka Arora Misra Non-Executive - Independent Director 2024-09-11 3
Gopalaraman Padmanabhan Non-Executive - Independent Director 2024-09-11 3
Board Committees
CommitteeMembers
Audit Committee David Rasquinha (Chairperson), Amitava Guharoy, Sanjay Joshi
Nomination and remuneration committee Gopalaraman Padmanabhan (Chairperson), David Rasquinha, Alka Arora Misra
Stakeholders Relationship Committee Sanjay Joshi (Chairperson), David Rasquinha, Aankur Patni
Risk Management Committee Gopalaraman Padmanabhan (Chairperson), Indraneel Dutt, Dinesh Sharma, Sanjay Joshi
Corporate Social Responsibility Committee Sanjay Joshi (Chairperson), Rajesh Sharma, Alka Arora Misra, Mahabir Prasad Patni, Indraneel Dutt
Employee Stock Option Committee Alka Arora Misra (Chairperson), Sanjay Joshi, David Rasquinha

Group Structure of Ion Exchange (India) Limited

Ion Exchange (India) Limited has 8 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Ion Exchange (India) Limited's business expansion strategy and organizational complexity.

8
Subsidiary companies
2
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Ion Exchange Enviro Farms Limited U01110MH1995PLC091478 -
Global Composites And Structurals Limited U26102MH2006PLC161108 -
Ion Exchange Purified Drinking Water Private Limited U41000MH2013PTC248560 -
Ion Exchange Environment Management Limited U45204MH2005PLC157554 -
Aqua Investments (India) Limited U65990MH1994PLC080386 -
Watercare Investments (India) Limited U67120MH1994PLC080385 -

Showing major subsidiaries. Total: 8.

Charges & Borrowings of Ion Exchange (India) Limited

Open charges
₹3,392.99 Cr
Satisfied charges
₹3,029.15 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹1,212.00 Cr
Others₹954.21 Cr
Bank of India₹906.00 Cr
Standard Chartered Bank₹180.00 Cr
Canara Bank₹100.00 Cr
Others₹40.78 Cr
Latest charge details
DateLenderAmountStatus
12 Nov 2025 Others ₹69.95 Cr Open
05 Jun 2024 Others ₹200 Cr Open
19 Dec 2023 Others ₹345 Cr Open
10 Aug 2023 Others ₹100 Cr Open
23 Jun 2023 Canara Bank ₹100 Cr Open

Total charge records: 64 View all charges

Employees and EPFO Compliance at Ion Exchange (India) Limited

Ion Exchange (India) Limited has a workforce of 2,253 employees as of Apr 05, 2024.

Employee count
2,253
Active EPFO establishments
8
Employee growth
20.29%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Ion Exchange (India) Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Ion Exchange (India) Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Ion Exchange (India) Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Ion Exchange (India) Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Ion Exchange (India) Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Ion Exchange (India) Limited

MSME Payment Delays by Ion Exchange (India) Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Ion Exchange (India) Limited

Subsidiaries & Group Companies of Ion Exchange (India) Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Ion Exchange (India) Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Ion Exchange (India) Limited

MCA Filings & Documents of Ion Exchange (India) Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Ion Exchange (India) Limited

Charges
12 Nov 2025
A charge with Others amounted to Rs. 69.95 Cr with Charge ID 101196544 was registered on 12 Nov 2025.
Activity
09 Sep 2025
Ion Exchange (India) Limited last Annual general meeting of members was held on 09 Sep 2025 as per latest MCA records.
Directors
11 Jun 2025
Indraneel Dutt was appointed as a Ceo on 11 Jun 2025 & has been associated with this company since 1 year 28 days.
Charges
16 May 2025
A charge with Sbicap Trustee Company Limited of Rs. 606.00 Cr registered on 29 Sep 2005 with Charge ID 80007206 was modified on 16 May 2025.
Charges
28 Apr 2025
A charge with Others of Rs. 345.00 Cr registered on 19 Dec 2023 with Charge ID 100843927 was modified on 28 Apr 2025.
Charges
09 Apr 2025
A charge with Others of Rs. 34.63 Cr registered on 30 Aug 2018 with Charge ID 100205274 was modified on 09 Apr 2025.

Recent News on Ion Exchange (India) Limited

Ion Exchange (India) forms JV with AWJ Energy
21 Feb 2019 · Business Standard

Frequently Asked Questions about Ion Exchange (India) Limited

Ion Exchange (India) Limited is an active public limited company in the engineering sector based in Mumbai, Maharashtra, India. It was incorporated on 06 March 1964 (62+ years old) and is registered under CIN L74999MH1964PLC014258. Listed on BSE: 500214. The company has 2,253 employees.

Ion Exchange (India) Limited reported revenue of ₹2,785.72 Cr for FY 2025 (up 16.00% YoY).

The current directors of Ion Exchange (India) Limited are:

The primary industry of Ion Exchange (India) Limited is engineering. The company specifically operates in engineering. The company is currently active in this sector.

Yes. Ion Exchange (India) Limited is listed on BSE with code 500214.

Ion Exchange (India) Limited can be reached at the registered office: Ion House Dr. E.Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011, or through the website ionexchangeglobal.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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