MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0000321
Neco Heavy Engineering and Castings Private Limited - engineering in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹58.45 Cr
▲ 7% YoY
Net profit · FY 2025
₹1.66 Cr
Net margin 2.8%
EBITDA · FY 2025
₹4.05 Cr
EBITDA margin 6.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.7 Cr
Issued & subscribed
Open charges
₹28.82 Cr
Satisfied ₹41.35 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
62
Provident fund records
About Neco Heavy Engineering and Castings Private Limited
Data last updated:
Neco Heavy Engineering and Castings Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 27 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27300MH1987PTC045436. Its GSTIN is 27AAACN7165N1ZY (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.7 Cr. It was formerly known as Neco Castings Pvt Ltd and Neco Castings Ltd. It is led by directors including Om Patel Prakash (Whole-Time Director) and Arvindkumar Jayaswal.
Its last annual general meeting (AGM) was held on 26 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.65/2 Nildoh Digdoh MIDC Area, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.45 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.66 Cr (net margin 2.8%) and EBITDA of ₹4.05 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 20% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.82 Cr and satisfied charges of ₹41.35 Cr on record. Court records list 24 cases involving the company, including 24 filed by the company; 1 case is pending.
Neco Heavy Engineering and Castings Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0000321). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website necoindia.com.
Company details
CIN U27300MH1987PTC045436
Registration Number 045436
Incorporation Date 27 November 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0000321
Name history
Neco Heavy Engineering and Castings has undergone 2 name changes throughout its history. The company was previously known as Neco Castings Pvt Ltd, and Neco Castings Ltd. The current legal name is Neco Heavy Engineering And Castings Private Limited.
| Company Name | Status |
|---|---|
| Neco Heavy Engineering and Castings Private Limited | Current |
| Neco Castings Pvt Ltd | Previous |
| Neco Castings Ltd | Previous |
CIN history
Neco Heavy Engineering and Castings has one previous CIN (Corporate Identification Number): U27300MH1987PLC045436. The current CIN is U27300MH1987PTC045436, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27300MH1987PTC045436 | Current |
| U27300MH1987PLC045436 | Previous |
Key People
Om Patel Prakash Whole-Time Director Arvindkumar Jayaswal Director Ramesh Jayaswal Director Recognitions & Rankings of Neco Heavy Engineering and Castings
Contact details
Neco Heavy Engineering and Castings Private Limited's registered office is in Nagpur, Maharashtra. Its website is necoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.65/2 Nildoh Digdoh MIDC Area, Nagpur, Maharashtra, India – 440016
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Comprehensive company report
Neco Heavy Engineering and Castings Private 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 Neco Heavy Engineering and Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Financials of Neco Heavy Engineering and Castings Private Limited
FY 2024 filings availableNeco Heavy Engineering and Castings Private Limited reported revenue of ₹58.45 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹58.45 Cr ▲ 7%
Net profit · FY 2025
₹1.66 Cr margin 2.8%
EBITDA · FY 2025
₹4.05 Cr margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 38%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 56%
5 years · compounded
▲ 63%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 7% growth in the latest year. EBITDA rose 6% 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 | ₹4.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.66 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 | 6.9% | ||||
| Net Profit Margin | 2.8% | ||||
| 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 Neco Heavy Engineering and Castings Private Limited, buy the company report.
Board of directors of Neco Heavy Engineering and Castings Private Limited
Neco Heavy Engineering and Castings has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvindkumar Jayaswal Also directs: Jayaswal Neco Industries Limited, Parivar Food Industries Pvt Ltd, Nine Star Plastic Packaging Services P Ltd and 5 more | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
| Ramesh Jayaswal Also directs: Jayaswal Neco Industries Limited, Jayaswal Neco Steel and Mining Limited, Maa Usha Urja Private Limited and 5 more | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
| Om Patel Prakash | Whole-Time Director | 18 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Neco Heavy Engineering and Castings Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Die Casting, Foundry and Fabrication, Heavy Engineering), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GTS Alloys Private Limited | ₹59.09 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Vishwakarma Founders (India) Private Limited | ₹58.69 Cr (FY 2025) | 20.0% | Kolhapur, Maharashtra, India | |||
| Neco Heavy Engineering and Castings Private Limitedthis company | ₹58.45 Cr (FY 2025) | ₹1.66 Cr | 2.8% | 7.0% | 62 | Nagpur, Maharashtra, India |
| Optel Metals Private Limited | ₹58.13 Cr (FY 2024) | -24.0% | Navanagar, Gujarat, India | |||
| Cast Profiles Pvt Ltd | ₹58.09 Cr (FY 2025) | 24.0% | Kalunga, Odisha, India | |||
| Five Lasercut Metal Technology Private Limited | ₹57.18 Cr (FY 2025) | 197.0% | Dhar, Madhya Pradesh, India |
To see the full peer comparison of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Auditor
Neco Heavy Engineering and Castings Private Limited is audited by AGRAWAL CHHALLANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL CHHALLANI & CO. | FY 2023 | 100125W |
Shareholding
The shareholding of Neco Heavy Engineering and Castings Private 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 Neco Heavy Engineering and Castings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.82 Cr
Satisfied charges
₹41.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2022 | 100581249 | State Bank of India | ₹1.13 Cr | Open | |
| 05 Sep 2007 | 10070856 | State Bank of India | ₹13.5 Cr | Open | |
| 28 Dec 1995 | 90160878 | State Bank of India | ₹13.5 Cr | Open | |
| 11 Jan 1985 | 90184933 | Bank of Maharashtra | ₹24 Lakh | Open | |
| 28 Feb 1984 | 90184836 | The State Industrial and Investment Corportionh of Maharastr | ₹45 Lakh | Open |
To see the full charge records of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Neco Heavy Engineering and Castings Private Limited has 24 court cases on record: 24 filed by Neco Heavy Engineering and Castings. 1 case is pending and 23 are disposed.
Total cases
24
Filed by the company
24
Pending
1
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 0 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against M/S Vaibhav Mercantile Ltd and 1 other | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Shri Krishna Smelters Pvt.Ltd. 1 and 1 other | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Aarkay Manufacturing Pvt. Ltd.303 and 4 others | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Triveni Alloys Limited and 1 other | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Vishwas Steels Ltd. and 1 other | Disposed |
To see the full case history of Neco Heavy Engineering and Castings Private 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
Neco Heavy Engineering and Castings Private Limited was last rated by Care on 16 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Feb 2023 |
To see the full credit ratings and regulatory alerts of Neco Heavy Engineering and Castings Private Limited, buy the company report.
MSME payment delays
Neco Heavy Engineering and Castings Private Limited has 43 MSME Form 1 returns on record between 2018 and 2024, listing 793 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Daka Monolithics Private Limited | |||
| an individual supplier | |||
| Industrial Engineering Stores | |||
| Vyankatesh Medicare Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neco Heavy Engineering and Castings Private Limited has a workforce of 62 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
Employee count
62
Active EPFO establishments
2
Employee growth
29.17%
GST
Neco Heavy Engineering and Castings has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN7165N1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN7165N1D7 | Maharashtra | Active | 29 Nov 2024 |
To see the full GST registrations and return filing status of Neco Heavy Engineering and Castings Private Limited, buy the company report.
Recent activity
Neco Heavy Engineering and Castings Private Limited has 9 board changes on record since 2007: 3 appointments and 6 cessations. The latest: Om Patel Prakash ceased to be Whole-Time Director on 25 Sep 2023.
Charges
A charge registered on 23 Mar 2021 via Charge ID 100444237 with State Bank Of India was fully satisfied on 05 Mar 2025.
AGM
Neco Heavy Engineering And Castings Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.
Filing
Neco Heavy Engineering And Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Om Patel Prakash ceased to be Whole-Time Director.
Appointed
Om Patel Prakash was appointed as Whole-Time Director.
Charges
A charge with State Bank Of India of Rs. 13.50 Cr registered on 05 Sep 2007 with Charge ID 10070856 was modified on 02 Jun 2022.
Charges
A charge with State Bank Of India of Rs. 13.50 Cr registered on 28 Dec 1995 with Charge ID 90160878 was modified on 02 Jun 2022.
Charges
A charge with State Bank Of India amounted to Rs. 1.13 Cr with Charge ID 100581249 was registered on 21 May 2022.
Charges
A charge with State Bank Of India amounted to Rs. 2.15 Cr with Charge ID 100444237 was registered on 23 Mar 2021.
Charges
A charge registered on 06 May 2020 via Charge ID 100335494 with State Bank Of India was fully satisfied on 02 Sep 2020.
Ceased
Awadh Bihari Pandey ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 1.15 Cr with Charge ID 100335494 was registered on 06 May 2020.
38 earlier events are in the company report.
News
Frequently asked questions
Neco Heavy Engineering and Castings is an active private limited company based in Nagpur, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 27 November 1987 (39+ years old) and is registered under CIN U27300MH1987PTC045436.
Neco Heavy Engineering and Castings has 3 current directors:
- Om Patel Prakash - Whole-Time Director
- Arvindkumar Jayaswal - Director
- Ramesh Jayaswal - Director
The latest financial statements of Neco Heavy Engineering and Castings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Neco Heavy Engineering and Castings is 27AAACN7165N1ZY, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACN7165N1D7 (Maharashtra).
The CIN (Corporate Identification Number) of Neco Heavy Engineering and Castings is U27300MH1987PTC045436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neco Heavy Engineering and Castings has 24 court cases on record: 24 filed by the company. 1 is pending. Most are in the district courts.
Neco Heavy Engineering and Castings was incorporated on 27 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neco Heavy Engineering and Castings by revenue are GTS Alloys Private Limited, Vishwakarma Founders (India) Private Limited, Optel Metals Private Limited, Cast Profiles Pvt Ltd, Five Lasercut Metal Technology Private Limited, all in the Manufacturing industry (Die Casting, Foundry and Fabrication, Heavy Engineering), with the same principal business activity (metal and metal products).
Om Patel Prakash ceased to be Whole-Time Director on 25 Sep 2023. Om Patel Prakash was appointed as Whole-Time Director on 18 Feb 2023. Awadh Bihari Pandey ceased to be Director on 01 Jul 2020. Neco Heavy Engineering and Castings has 9 board changes on record in total.
Yes, Neco Heavy Engineering and Castings is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0000321).
Neco Heavy Engineering and Castings has 43 MSME Form 1 returns on record between 2018 and 2024, listing 793 overdue payments to 54 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Neco Heavy Engineering and Castings can be reached through the website necoindia.com. Its registered office is in Nagpur, Maharashtra, India.