About Ion Exchange Projects and Engineering Limited
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Ion Exchange Projects and Engineering Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ion Exchange (India) Limited. It operates in the water treatment segment of the environmental services sector. It was incorporated on 11 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74200MH2011PLC216024. Its GSTIN is 27AACCI5793B1ZK (Maharashtra). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.22 Cr. It is led by directors including Mahabir Prasad Patni (Whole-Time Director) and Sanjay Vithalrao Joshi.
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 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 ₹34.55 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹10.22 Cr (net margin -29.6%) and EBITDA of -₹7.94 Cr (EBITDA margin -23%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company has about 362 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ion Exchange. As per MCA filings, the company has satisfied charges of ₹66.1 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ionindia.com.
Company details
Contact details
Ion Exchange Projects and Engineering Limited's registered office is in Mumbai, Maharashtra. Its website is ionindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIon House Dr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryEnvironment, Water Treatment
To see the full contact details of Ion Exchange Projects and 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
Brands
Ion Exchange Projects and Engineering operates one associated brand: Ion Exchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Water and environmental management solutions are provided by Ion Exchange. | ionexchangeglobal.com |
Business activity
The main business activity of Ion Exchange Projects and Engineering is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities and management consultancy activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Ion Exchange Projects and Engineering Limited, buy the company report.
Financials of Ion Exchange Projects and Engineering Limited
FY 2025 filings availableIon Exchange Projects and Engineering Limited reported revenue of ₹34.55 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 10% growth in the latest year. EBITDA fell 30% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹7.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.22 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23% | ||||
| Net Profit Margin | -29.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ion Exchange Projects and Engineering Limited, buy the company report.
Board of directors of Ion Exchange Projects and Engineering Limited
Ion Exchange Projects and Engineering has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Vithalrao Joshi | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| David Paul Rasquinha Also directs: Ion Exchange (India) Limited, Aquanomics Systems Limited, Ajanta Pharma Limited and 2 more | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Ramendra Gupta | Director | 26 Sep 2012 | 14 Years 1 Months | Current |
| Aankur Patni Also directs: Ion Exchange (India) Limited, Rockmen Merchants Ltd, Aquanomics Systems Limited and 1 more | Director | 11 Apr 2011 | 15 Years 7 Months | Current |
| Mahabir Prasad Patni Also directs: Ion Exchange (India) Limited, Labhda Properties Pvt Ltd | Whole-Time Director | 11 Apr 2011 | 15 Years 7 Months | Current |
| Rajesh Chandrabhan Sharma Also directs: Ion Exchange (India) Limited, Ion Exchange Enviro Farms Limited, Aqua Investments (India) Limited and 4 more | Director | 11 Apr 2011 | 15 Years 7 Months | Current |
Auditor
Ion Exchange Projects and Engineering Limited is audited by B S R & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Ion Exchange Projects and 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 Ion Exchange Projects and Engineering Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2014 | 10504547 | Bank of India | ₹43.6 Cr | Satisfied | |
| 25 Jun 2009 | 10167919 | Canara Bank | ₹22.5 Cr | Satisfied |
To see the full charge records of Ion Exchange Projects and Engineering Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ion Exchange Projects and Engineering Limited has 3 court cases on record: 3 filed by Ion Exchange Projects and Engineering. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company against an individual | Disposed |
To see the full case history of Ion Exchange Projects and 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
Ion Exchange Projects and Engineering Limited has 9 MSME Form 1 returns on record between 2017 and 2020, listing 101 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Brady & Morris Engineering Company Limited | |||
| Team Experts Tours & Travel Private Limited | |||
| Pune Techtrol Pvt Ltd |
To see the full MSME payment records of Ion Exchange Projects and Engineering Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ion Exchange Projects and Engineering Limited has a workforce of 362 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 362 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ion Exchange Projects and Engineering Limited, buy the company report.
GST
Ion Exchange Projects and Engineering has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI5793B1ZK | Maharashtra | Active | 01 Jul 2017 |
| 06AACCI5793B1ZO | Haryana | Active | 01 Jul 2017 |
| 07AACCI5793B1ZM | Delhi | Active | 01 Jul 2017 |
| 19AACCI5793B2ZG | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ion Exchange Projects and Engineering Limited, buy the company report.
Recent activity
Ion Exchange Projects and Engineering Limited has 14 board changes on record since 2011: 6 appointments and 8 cessations. The latest: Dinesh Sharma ceased to be Director on 22 Sep 2025.
10 earlier events are in the company report.
News
Frequently asked questions
Ion Exchange Projects and Engineering is an active public limited company based in Mumbai, Maharashtra, India. The company works in water treatment, within the environment industry. It was incorporated on 11 April 2011 (15+ years old) and is registered under CIN U74200MH2011PLC216024.
Ion Exchange Projects and Engineering has 6 current directors:
- Mahabir Prasad Patni - Whole-Time Director
- Sanjay Vithalrao Joshi - Director
- David Paul Rasquinha - Director
- Ramendra Gupta - Director
- Aankur Patni - Director
- Rajesh Chandrabhan Sharma - Director
The latest financial statements of Ion Exchange Projects and Engineering 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 Ion Exchange Projects and Engineering is 27AACCI5793B1ZK, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 06AACCI5793B1ZO (Haryana), 07AACCI5793B1ZM (Delhi), 19AACCI5793B2ZG (West Bengal).
The CIN (Corporate Identification Number) of Ion Exchange Projects and Engineering is U74200MH2011PLC216024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ion Exchange Projects and Engineering has 3 court cases on record: 3 filed by the company.
Ion Exchange Projects and Engineering was incorporated on 11 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Dinesh Sharma ceased to be Director on 22 Sep 2025. Abhiram Seth ceased to be Director on 30 Sep 2024. Ramendra Gupta ceased to be Director on 30 Sep 2024. Ion Exchange Projects and Engineering has 14 board changes on record in total.
Ion Exchange Projects and Engineering has 9 MSME Form 1 returns on record between 2017 and 2020, listing 101 overdue payments to 13 micro and small suppliers. The latest return was filed on 29 Oct 2020.
Ion Exchange Projects and Engineering can be reached through the website ionindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ion Exchange Projects and Engineering is at Ion House Dr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.
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