India's Richest People 2026 edition · 1 director · Source: Hurun India
- #425 Karan Thapar ₹8,800 Cr
Revenue · FY 2025
₹170.97 Cr
▲ 10% YoY
Net profit · FY 2025
₹5.39 Cr
Net margin 3.2%
EBITDA · FY 2025
₹16.54 Cr
EBITDA margin 9.7%
Authorised capital
₹48 Cr
Registered with MCA
Paid-up capital
₹10.06 Cr
Issued & subscribed
Open charges
₹75.5 Cr
Satisfied ₹425.64 Cr
Company age
63 yrs
Est. 1963
Employees · EPFO
460
Provident fund records
About Eicl Limited
Data last updated:
Eicl Limited is a public limited company based in Thiruvananthapuram, Kerala, India, a subsidiary of Karun Carpets Private Limited. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 18 November 1963 and has been in existence for over 63 years.
Its director Karan Thapar is #425 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U26939KL1963PLC002039. Its GSTIN is 32AAACE5011C1ZM (Kerala). The company holds 11 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹48 Cr and a paid-up capital of ₹10.06 Cr. It was formerly known as English Indian Clays Ltd. It is led by directors including Suresh Kumar Jain (Whole-Time Director) and Firdose Vandrevala.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tc – 79/4 Veli Thiruvananthapuram, Kerala, India – 695021.
As per the financials filed for FY 2025, the company reported a revenue of ₹170.97 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹5.39 Cr (net margin 3.2%) and EBITDA of ₹16.54 Cr (EBITDA margin 9.7%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company has about 460 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: EICL. As per MCA filings, the company has open charges of ₹75.5 Cr and satisfied charges of ₹425.64 Cr on record. Court records list 105 cases involving the company, including 67 filed by the company and 38 filed against it; 7 cases are pending. The company has 20 deals on record (19 market trades, 1 acquisition); the latest was in February 2018. Its 3 peer companies in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities) are compared by revenue, 2 larger and 1 smaller; the largest is Asi Industries Limited with revenue of ₹174.1 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eicl.in.
Company details
CIN U26939KL1963PLC002039
Registration Number 002039
Incorporation Date 18 November 1963
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Karun Carpets Private Limited
Compliance Status Active Compliant
CIN history
Eicl has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U26939KL1963PLC002039, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26939KL1963PLC002039 | Current |
| U26939KL1963NPL002039 | Previous |
| L26939KL1963PLC002039 | Previous |
Key People
Suresh Kumar Jain Whole-Time Director Firdose Vandrevala Director Shalini Chawla Company Secretary Recognitions & Rankings of Eicl
Contact details
Eicl Limited's registered office is in Thiruvananthapuram, Kerala. Its website is eicl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTc – 79/4 Veli Thiruvananthapuram, Kerala, India – 695021
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Eicl Limited, buy the company report.
Comprehensive company report
Eicl Limited - one report that includes everything
- 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
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Business activity
The main business activity of Eicl is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Eicl Limited, buy the company report.
Financials of Eicl Limited
FY 2025 filings availableEicl Limited reported revenue of ₹170.97 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹170.97 Cr ▲ 10%
Net profit · FY 2025
₹5.39 Cr margin 3.2%
EBITDA · FY 2025
₹16.54 Cr margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 9%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 49%
5 years · compounded
▲ 45%
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 16% 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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| Total Expenses | |||||
| EBITDA | ₹16.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.39 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 9.7% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Eicl Limited, buy the company report.
Board of directors and KMP of Eicl Limited
Eicl Limited currently reports 6 directors and 1 key managerial person. 19 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Firdose Vandrevala | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Shalini Chawla Also directs: Kaolin India Private Limited, DBH Holdings (India) Private Limited | Company Secretary | 02 Nov 2016 | 10 Years 0 Months | Current |
| Karan Thapar Also directs: DBH Investment Capital India Private Limited, Greaves Cotton Limited, Premium Transmission Limited and 1 more | Director | 21 Sep 1990 | 36 Years 1 Months | Current |
| Suresh Kumar Jain Also directs: Kaolin India Private Limited, Premium Care Private Limited, DBH Holdings (India) Private Limited and 1 more | Whole-Time Director | 04 Nov 2020 | 6 Years 0 Months | Current |
| Rakesh Bhartia Also directs: Polyplex Corporation Limited, Fino Payments Bank Limited, Aravali Securities and Finance Limited and 5 more | Additional Director | 05 Nov 2025 | 1 Years 0 Months | Current |
| Ritu Kishore Raizada | Director | 08 May 2023 | 3 Years 5 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Eicl Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asi Industries Limited | ₹174.1 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Robo Silicon Private Limited | ₹171.57 Cr (FY 2025) | 11.0% | Thane, Maharashtra, India | |||
| Eicl Limitedthis company | ₹170.97 Cr (FY 2025) | ₹5.39 Cr | 3.2% | 10.0% | 460 | Thiruvananthapuram, Kerala, India |
| Simsang Mining Private Limited | ₹170.89 Cr (FY 2025) | -15.0% | Shillong, Meghalaya, India |
To see the full peer comparison of Eicl Limited, buy the company report.
Auditor
Eicl Limited is audited by S.N. Dhawan & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2023 | 000050N/N500045 |
Shareholding
The shareholding of Eicl 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 Eicl Limited, buy the company report.
Charges & borrowings
Open charges
₹75.5 Cr
Satisfied charges
₹425.64 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2024 | 100911813 | Others | ₹20 Cr | Open | |
| 30 Mar 2021 | 100434483 | Axis Bank Limited | ₹8 Cr | Open | |
| 24 Aug 2016 | 100059827 | Hdfc Bank Limited | ₹17.5 Cr | Open | |
| 28 Oct 2002 | 90020935 | Axis Bank Limited | ₹30 Cr | Open | |
| 13 Jan 2021 | 100405247 | Axis Bank Limited | ₹2.79 Cr | Satisfied |
To see the full charge records of Eicl Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Eicl Limited has 20 deals on record (19 market trades, 1 acquisition); the latest was in February 2018.
Total deals
20
Market trades
19
Acquisition
1
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Acquisition | Undisclosed | Buyer: Bluecraft Agro Private Limited Seller: Eicl Limited |
| Mar 2012 | Market trade | ₹1.9 Cr | Buyer: Sewastuti Finance Private Limited. Seller: Alkyone Realtors Private Limited |
| May 2011 | Market trade | ₹1.25 Cr | Seller: D B H International Private Limited |
| Jan 2008 | Market trade | ₹13.86 Cr | Seller: DBH Investment Capital India Private Limited |
| Jan 2008 | Market trade | ₹8.35 Cr | Seller: DBH Investment Capital India Private Limited |
To see the full deal history of Eicl 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
Eicl Limited has 105 court cases on record: 67 filed by Eicl, 38 filed against it. 7 cases are pending and 98 are disposed.
Total cases
105
Filed by the company
67
Filed against the company
38
Pending
7
Disposed
98
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 92 | 31 | 7 |
| District courts | 11 | 6 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Appeal | Filed by the company against Agp City Gas Private Limited & Ors. | Pending |
| High Court | Writ petition | Filed by the company against Gail (India) Limited. and 3 others | Disposed |
| District court, Yamunanagar, Haryana | Court case (Nia Act) | Filed by the company against M/S Saber Paper Boards Pvt. Ltd and 1 other | Disposed |
| High Court of Kerala | Writ petition | Filed against the company | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State Level Environment Impact Assessment Authority (Seiaa Kerala), | Pending |
To see the full case history of Eicl 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
Eicl Limited was last rated by Icra on 17 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Dec 2021 |
To see the full credit ratings and regulatory alerts of Eicl Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Eicl Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Eicl has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kaolin India Private Limited | U26993GJ2020PTC112255 |
To see the full group structure of Eicl Limited, buy the company report.
Employees & EPFO
Eicl Limited has a workforce of 460 employees on its EPFO records as of Mar 27, 2024, across 3 active EPFO establishments.
Employee count
460
Active EPFO establishments
3
Employee growth
-10.33%
GST
Eicl has 11 GST registrations: 5 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
5
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACE5011C1ZM | Kerala | Active | 01 Jul 2017 |
| 06AAACE5011C2ZG | Haryana | Active | 01 Jul 2017 |
| 24AAACE5011C1ZJ | Gujarat | Active | 01 Jul 2017 |
| 33AAACE5011C1ZK | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eicl Limited, buy the company report.
Recent activity
Eicl Limited has 45 board changes on record since 1978: 26 appointments and 19 cessations. The latest: Rakesh Bhartia was appointed as Additional Director on 05 Nov 2025.
Appointed
Rakesh Bhartia was appointed as Additional Director.
Appointed
Venu Vasudevan was appointed as Additional Director.
AGM
Eicl Limited last Annual general meeting of members was held on 22 Jul 2025 as per latest MCA records.
Filing
Eicl Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Ceased
Kurian Habel Pullukottayil ceased to be Director.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100911813 was registered on 09 Apr 2024.
Appointed
Kurian Habel Pullukottayil was appointed as Director.
Charges
A charge registered on 13 Jan 2021 via Charge ID 100405247 with Axis Bank Limited was fully satisfied on 26 Sep 2023.
Appointed
Ritu Kishore Raizada was appointed as Director.
Ceased
Shivpriya Nanda ceased to be Director.
Ceased
Thotanchath Balakrishnan ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 17.50 Cr registered on 24 Aug 2016 with Charge ID 100059827 was modified on 21 Mar 2023.
123 earlier events are in the company report.
Frequently asked questions
Eicl is an active public limited company based in Thiruvananthapuram, Kerala, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 18 November 1963 (63+ years old) and is registered under CIN U26939KL1963PLC002039.
Eicl has 7 current directors and KMP:
- Suresh Kumar Jain - Whole-Time Director
- Firdose Vandrevala - Director
- Karan Thapar - Director
- Rakesh Bhartia - Additional Director
- Ritu Kishore Raizada - Director
- Venu Vasudevan - Additional Director
- Shalini Chawla - Company Secretary
The latest financial statements of Eicl on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Eicl is 32AAACE5011C1ZM, registered in Kerala. The company has 11 GST registrations in all, of which 5 are active and 6 are cancelled or inactive. Other active GSTINs include 06AAACE5011C2ZG (Haryana), 24AAACE5011C1ZJ (Gujarat), 33AAACE5011C1ZK (Tamil Nadu).
The CIN (Corporate Identification Number) of Eicl is U26939KL1963PLC002039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eicl has 105 court cases on record: 67 filed by the company and 38 filed against it. 7 are pending. Most are in the high courts.
Eicl was incorporated on 18 November 1963, making it 63+ years old. It is registered with the Registrar of Companies, Ernakulam.
Eicl has 20 deals on record (19 market trades, 1 acquisition); the latest was in February 2018.
The peers of Eicl by revenue are Asi Industries Limited, Robo Silicon Private Limited, Simsang Mining Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities).
Rakesh Bhartia was appointed as Additional Director on 05 Nov 2025. Venu Vasudevan was appointed as Additional Director on 05 Nov 2025. Kurian Habel Pullukottayil ceased to be Director on 20 Mar 2025. Eicl has 45 board changes on record in total.
Eicl can be reached through the website eicl.in. Its registered office is in Thiruvananthapuram, Kerala, India.
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