About Ned Energy Limited
Data last updated:
Ned Energy Limited was a public limited company based in Daman, Daman And Diu, India, operated as a subsidiary of Time Technoplast Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 11 December 1998.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U31909DD1998PLC004665. Its GSTIN is 36AAACN8053B1ZR (Telangana). The company held 12 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹6.58 Cr. It was led by directors including Vishal Anil Jain (Whole-Time Director) and Mahinderkumar Wadhwa Dayanand.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 102 1st Floor Centre Point Somnath Daman Road Somnath Dabhel, Daman and Diu, India – 396210.
As per the financials filed for FY 2024, the company reported a revenue of ₹111.08 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹29.23 Cr (net margin -26.3%) and EBITDA of -₹21.79 Cr (EBITDA margin -19.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company had about 53 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: NED Energy. As per MCA filings, the company had open charges of ₹10 Cr and satisfied charges of ₹336.67 Cr on record. Court records list 31 cases involving the company, including 27 filed by the company and 4 filed against it; 10 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹7.58 Cr; the latest was in November 2020. Its 6 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 smaller; the largest is Adlec Power Private Limited with revenue of ₹114.93 Cr.
The last known website on record is nedenergy.in.
Company details
CIN history
Ned Energy has one previous CIN (Corporate Identification Number): U31909AP1998PLC030676. The current CIN is U31909DD1998PLC004665, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909DD1998PLC004665 | Current |
| U31909AP1998PLC030676 | Previous |
Contact details
Ned Energy Limited's registered office is in Daman, Daman And Diu. Its website is nedenergy.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address102 1st Floor Centre Point Somnath Daman Road Somnath Dabhel, Daman and Diu, India – 396210
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Ned Energy 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
Ned Energy operates one associated brand: NED Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures lithium-ion and lead acid batteries for telecom, solar, and industrial uses. | nedenergy.in |
Business activity
The main business activity of Ned Energy 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 Ned Energy Limited, buy the company report.
Financials of Ned Energy Limited
FY 2024 filings availableNed Energy Limited reported revenue of ₹111.08 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 274% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹21.79 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹29.23 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.6% | ||||
| Net Profit Margin | -26.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ned Energy Limited, buy the company report.
Board of directors of Ned Energy Limited
Ned Energy has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Ned Energy Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 |
|---|---|---|---|---|---|---|
| Adlec Power Private Limited | ₹114.93 Cr (FY 2018) | -27.0% | Mumbai, Maharashtra, India | |||
| M K M Technologies Private Limited | ₹114.4 Cr (FY 2025) | 47.0% | New Delhi, Delhi, India | |||
| Mizuki Power Products Private Limited | ₹114.15 Cr (FY 2025) | 93.0% | Pune, Maharashtra, India | |||
| Hykon India Limited | ₹111.16 Cr (FY 2025) | 7.0% | Ernakulam, Kerala, India | |||
| Ned Energy Limitedthis company | ₹111.08 Cr (FY 2024) | -₹29.23 Cr | -26.3% | 7.0% | 53 | Daman, Daman And Diu, India |
| Rishika Industries Limited | ₹111.04 Cr (FY 2025) | 70.0% | Gujarat, India | |||
| Rexnord Electronics and Controls Limited | ₹110.01 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ned Energy Limited, buy the company report.
Auditor
Ned Energy Limited is audited by K P M R & Co (Earlier known as M. N. Kabra & Co.) for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P M R & Co (Earlier known as M. N. Kabra & Co.) | FY 2023 | 104497W |
Shareholding
The shareholding of Ned Energy 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 Ned Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100445213 | State Bank of India | ₹4.4 Cr | Satisfied | |
| 18 Apr 2020 | 100335970 | State Bank of India | ₹2.5 Cr | Satisfied | |
| 19 May 2018 | 100199413 | State Bank of India | ₹90 Cr | Satisfied | |
| 03 Sep 2013 | 10447801 | Axis Bank Limited | ₹49 Cr | Satisfied | |
| 12 Mar 2013 | 10412367 | State Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of Ned Energy Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Ned Energy Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹7.58 Cr; the latest was in November 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Time Technoplast Limited Seller: Vishwalaxmi Trading and Finance Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Time Technoplast Limited Seller: an individual |
| Mar 2010 | Funding round | ₹6 Cr | Investors: Time Technoplast Limited , Vishwalaxmi Trading and Finance Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Time Technoplast Limited , Time Technoplast Limited & Naveen Jain, Time Technoplast Limited & Anil Jain Seller: SVAS Investment Private Limited, 3 individuals |
| Mar 2007 | Funding round | ₹1 Cr | Investors: 2 individuals |
To see the full deal history of Ned Energy 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
Ned Energy Limited has 31 court cases on record: 27 filed by Ned Energy, 4 filed against it. 10 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 3 | 9 |
| High courts | 5 | 1 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solan, Himachal Pradesh | Court case (Suit For Recovery) | Filed against the company by M/S Fujiyama Power System Private Limited | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed against the company by Gowra Petrochem P Ltd | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed by the company against M/S. Natural Lights Pvt Ltd, Rep by Abhishek Jain and Another | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against M/S. Natural Lights Pvt Ltd, Rep by Abhishek Jain and Another | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against M/S. Natural Lights Pvt Ltd, Rep by Abhishek Jain and Another | Disposed |
To see the full case history of Ned Energy 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
Ned Energy Limited was last rated by Icra on 20 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 20 Jul 2021 |
To see the full credit ratings and regulatory alerts of Ned Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ned Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ned Energy Limited has a workforce of 53 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ned Energy has 12 GST registrations: 1 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACN8053B1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ned Energy Limited, buy the company report.
Recent activity
Ned Energy Limited has 22 board changes on record since 2007: 6 appointments and 16 cessations. The latest: Sanjaya Shrikrishna Kulkarni ceased to be Director on 29 Sep 2024.
47 earlier events are in the company report.
Frequently asked questions
Ned Energy has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ned Energy was a public limited company based in Daman, Daman And Diu, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 11 December 1998 and is registered under CIN U31909DD1998PLC004665. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ned Energy was incorporated on 11 December 1998. It is registered with the Registrar of Companies, Goa.
Ned Energy had 6 directors:
- Vishal Anil Jain - Whole-Time Director
- Mahinderkumar Wadhwa Dayanand - Director
- Deepak Bakhshi - Director
- Raghupathy Thyagarajan - Director
- Bharat Kumar Ratanlal Vageria - Director
- Sanjaya Shrikrishna Kulkarni - Director
The CIN (Corporate Identification Number) of Ned Energy is U31909DD1998PLC004665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ned Energy is at 102 1st Floor Centre Point Somnath Daman Road Somnath Dabhel, Daman and Diu, India – 396210.
Ned Energy can be reached through the website nedenergy.in. Its registered office is in Daman, Daman And Diu, India.
The latest financial statements of Ned Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ned Energy is 36AAACN8053B1ZR, registered in Telangana. The company has 12 GST registrations in all, of which 1 is active and 11 are cancelled or inactive.
Ned Energy operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
Ned Energy has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹7.58 Cr; the latest was in November 2020.