About Ece Industries Limited
Data last updated:
Ece Industries Limited is a public limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 13 June 1945 and has been in existence for over 81 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U31500UP1945PLC219439. Its GSTIN is 09AAACE1936C1Z1 (Uttar Pradesh). The company holds 28 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹3.78 Cr. It is led by directors including Prakash Kumar Mohta (Managing Director) and Rajat Sharma (Nodal Officer).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 20 Industrial Area Meerut Road, Ghaziabad, Uttar Pradesh, India – 201001.
As per the financials filed for FY 2025, the company reported a revenue of ₹902.72 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹59.05 Cr (net margin 6.5%) and EBITDA of ₹89.14 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 23% over five years.
The company has about 522 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: ECE Elevators and ECE Industries Ltd. As per MCA filings, the company has open charges of ₹792.08 Cr and satisfied charges of ₹1,461.13 Cr on record. Court records list 319 cases involving the company, including 195 filed by the company and 124 filed against it; 29 cases are pending. The company has 23 deals on record (23 market trades); the latest was in January 2015. Its 5 peer companies in the Machinery and Equipment industry (Material Handling Equipment, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Microtek New Technologies Private Limited with revenue of ₹990.18 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,265 overdue payments to 72 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eceindustriesltd.com.
Company details
CIN history
Ece Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31500UP1945PLC219439, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31500UP1945PLC219439 | Current |
| U31500DL1945PLC008279 | Previous |
| L31500DL1945PLC008279 | Previous |
Contact details
Ece Industries Limited's registered office is in Ghaziabad, Uttar Pradesh. Its website is eceindustriesltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 20 Industrial Area Meerut Road, Ghaziabad, Uttar Pradesh, India – 201001
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Ece Industries 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
Ece Industries operates two associated brands: ECE Elevators and ECE Industries Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transformers, elevators, meters, and switch-gear plants are manufactured by ECE. | eceindustriesltd.com | |
| Elevator manufacturing and services are conducted in India. | eceelevators.com |
Business activity
The main business activity of Ece Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ece Industries Limited, buy the company report.
Financials of Ece Industries Limited
FY 2025 filings availableEce Industries Limited reported revenue of ₹902.72 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 23% growth in the latest year. EBITDA rose 59% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹89.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 6.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ece Industries Limited, buy the company report.
Board of directors and KMP of Ece Industries Limited
Ece Industries Limited currently reports 6 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajat Sharma Also directs: Universal Invesco Limited | Nodal Officer | 01 Nov 2019 | 6 Years 11 Months | Current |
| Naveen Bhatter Also directs: Birla Elevators Limited, Bhatter Agency Ltd, Giriraj Synthetics & Textures Pvt Ltd and 5 more | Additional Director | 22 Nov 2025 | 0 Years 11 Months | Current |
| Prakash Kumar Mohta Also directs: Universal Invesco Limited, Advitkarma Enterprises LLP, Bhukhand Developers LLP and 5 more | Managing Director | 18 Jan 2007 | 19 Years 9 Months | Current |
| Yogesh Dahyalal Korani Also directs: Clarion Health Food LLP, Clarion Fresh Foods Private Limited, Fiabila India Private Limited and 5 more | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
| Maulashree Gani | Director | 19 Jan 2015 | 11 Years 9 Months | Current |
| Sakate Khaitan Also directs: Universal Invesco Limited, Birla Elevators Limited, Ece Transformers Limited and 1 more | Director | 27 May 2008 | 18 Years 5 Months | Current |
Peer comparison
Ece Industries Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment, Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Microtek New Technologies Private Limited | ₹990.18 Cr (FY 2025) | 75.0% | Delhi, India | |||
| Nidec Industrial Automation India Private Limited | ₹957 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| Jakson Engineers Limited | ₹947.32 Cr (FY 2025) | 27.0% | New Delhi, Delhi, India | |||
| Ece Industries Limitedthis company | ₹902.72 Cr (FY 2025) | ₹59.05 Cr | 6.5% | 23.0% | 522 | Ghaziabad, Uttar Pradesh, India |
| Exicom Tele-Systems Limited | ₹898.8 Cr (FY 2025) | -13.0% | Solan, Himachal Pradesh, India | |||
| Honda India Power Products Limited | ₹836.51 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ece Industries Limited, buy the company report.
Auditor
Ece Industries Limited is audited by VSD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSD & Associates | FY 2023 | 008726N |
Shareholding
The shareholding of Ece Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ece Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2025 | 101197183 | Axis Bank Limited | ₹70 Cr | Open | |
| 08 Oct 2025 | 101177375 | Others | ₹50 Cr | Open | |
| 21 Jul 2025 | 101168804 | Indian Bank | ₹7 Lakh | Open | |
| 30 Jun 2025 | 101130373 | Others | ₹1.91 Cr | Open | |
| 28 Apr 2025 | 101098000 | Others | ₹150 Cr | Open |
To see the full charge records of Ece Industries Limited, buy the company report.
Total charge records: 39 View all charges
Deals & funding
Ece Industries Limited has 23 deals on record (23 market trades); the latest was in January 2015.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Market trade | ₹66.8 Lakh | Seller: Jai Annanya Investments Private Limited |
| Feb 2014 | Market trade | ₹3.24 Cr | Buyer: an individual Seller: Antique Capital Markets Private Limited |
| Mar 2012 | Market trade | ₹1 Cr | Buyer: Pat Financial Consultants Pvt Ltd Seller: an individual |
| May 2010 | Market trade | ₹3.32 Cr | Buyer: Pat Financial Consultant Pvt Ltd, Gandiv Investment Private Limited Seller: BJD Securities Private Limited |
| Mar 2010 | Market trade | ₹1.07 Cr | Seller: Gandiv Investment Private Limited |
To see the full deal history of Ece Industries 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
Ece Industries Limited has 319 court cases on record: 195 filed by Ece Industries, 124 filed against it. 29 cases are pending and 290 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 208 | 75 | 16 |
| District courts | 92 | 37 | 12 |
| Supreme Court | 15 | 12 | 1 |
| NCLT | 4 | 0 | 0 |
Cases on record (5 of 319)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (EFA(OS)) | Filed against the company by Bses Rajdhani Power Limited | Pending |
| High Court of Delhi | Court case (EFA(OS)) | Filed against the company by Bses Yamuna Power Ltd | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against M/S DRM Infrastructure Private Limited and Another | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Amar Remedies Ltd. | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Marsons Ltd. | Pending |
To see the full case history of Ece Industries 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.
Credit ratings & regulatory alerts
Ece Industries Limited was last rated by Icra on 18 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Oct 2021 |
To see the full credit ratings and regulatory alerts of Ece Industries Limited, buy the company report.
MSME payment delays
Ece Industries Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,265 overdue payments to 72 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 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Viat Instruments Pvt.Ltd. | |||
| an individual supplier | |||
| Everest Electricals | |||
| an individual supplier |
To see the full MSME payment records of Ece Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ece Industries has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ece Elevators Limited | U29309UP2022PLC160010 | |
| Ece Transformers Limited | U31900UP2022PLC160117 |
To see the full group structure of Ece Industries Limited, buy the company report.
Employees & EPFO
Ece Industries Limited has a workforce of 522 employees on its EPFO records as of Apr 08, 2024, across 5 active EPFO establishments.
GST
Ece Industries has 28 GST registrations: 22 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACE1936C1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
| 03AAACE1936C1ZD | Punjab | Active | 01 Jul 2017 |
| 05AAACE1936C1Z9 | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACE1936C1Z7 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ece Industries Limited, buy the company report.
Recent activity
Ece Industries Limited has 23 board changes on record since 2007: 7 appointments and 16 cessations. The latest: Naveen Bhatter was appointed as Additional Director on 22 Nov 2025.
86 earlier events are in the company report.
Frequently asked questions
Ece Industries is an active public limited company based in Ghaziabad, Uttar Pradesh, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 13 June 1945 (81+ years old) and is registered under CIN U31500UP1945PLC219439.
Ece Industries has 7 current directors and KMP:
- Prakash Kumar Mohta - Managing Director
- Naveen Bhatter - Additional Director
- Yogesh Dahyalal Korani - Director
- Maulashree Gani - Director
- Sakate Khaitan - Director
- Rajat Sharma - Nodal Officer
- Jayshree Jhanwar - Company Secretary
The latest financial statements of Ece Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ece Industries is 09AAACE1936C1Z1, registered in Uttar Pradesh. The company has 28 GST registrations in all, of which 22 are active and 6 are cancelled or inactive. Other active GSTINs include 03AAACE1936C1ZD (Punjab), 05AAACE1936C1Z9 (Uttarakhand), 06AAACE1936C1Z7 (Haryana).
The CIN (Corporate Identification Number) of Ece Industries is U31500UP1945PLC219439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ece Industries has 319 court cases on record: 195 filed by the company and 124 filed against it. 29 are pending. Most are in the high courts.
Ece Industries was incorporated on 13 June 1945, making it 81+ years old. It is registered with the Registrar of Companies, Kanpur.
Ece Industries has 23 deals on record (23 market trades); the latest was in January 2015.
The peers of Ece Industries by revenue are Microtek New Technologies Private Limited, Nidec Industrial Automation India Private Limited, Jakson Engineers Limited, Exicom Tele-Systems Limited, Honda India Power Products Limited, all in the Machinery and Equipment industry (Material Handling Equipment, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Naveen Bhatter was appointed as Additional Director on 22 Nov 2025. Jayshree Jhanwar was appointed as Company Secretary on 01 May 2025. Basant Kumar Daga ceased to be Additional Director on 30 Sep 2022. Ece Industries has 23 board changes on record in total.
Ece Industries has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,265 overdue payments to 72 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Ece Industries can be reached through the website eceindustriesltd.com. Its registered office is in Ghaziabad, Uttar Pradesh, India.