About Negolice India Limited
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Negolice India Limited is a public limited company based in New Delhi, Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 21 September 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67120DL1983PLC016587. Its GSTIN is 07AABCN6556A1ZP (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.58 Cr. It is led by directors including Mahesh Kumar Bhagchandka (Managing Director) and Devkishan Karnani (Whole-Time Director).
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 is at E – 34 2nd Floor Connaught Circus, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.4 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹4.27 Cr (net margin -41.1%) and EBITDA of -₹5.47 Cr (EBITDA margin -52.6%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 29% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.4 Cr and satisfied charges of ₹69.65 Cr on record. Court records list 71 cases involving the company, including 42 filed by the company and 29 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website m2kindia.com.
Company details
CIN history
Negolice India has one previous CIN (Corporate Identification Number): L67120DL1983PLC016587. The current CIN is U67120DL1983PLC016587, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120DL1983PLC016587 | Current |
| L67120DL1983PLC016587 | Previous |
Contact details
Negolice India Limited's registered office is in New Delhi, Delhi. Its website is m2kindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – 34 2nd Floor Connaught Circus, New Delhi, Delhi, India – 110001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Negolice India 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
Business activity
The main business activities of Negolice India are financial and insurance service and real estate. In detail, this covers financial advisory, brokerage and consultancy services and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Negolice India Limited, buy the company report.
Financials of Negolice India Limited
FY 2024 filings availableNegolice India Limited reported revenue of ₹10.4 Cr (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 53% fall in the latest year. EBITDA fell 58% 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 | -₹5.47 Cr | ||||
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| Net Profit (PAT) | -₹4.27 Cr | ||||
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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 | -52.6% | ||||
| Net Profit Margin | -41.1% | ||||
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To see the full financial statements and ratios of Negolice India Limited, buy the company report.
Board of directors of Negolice India Limited
Negolice India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipin Jain Also directs: Adani M2k Projects LLP, Adani M2k Realtors LLP, M2k Infrastructure Private Limited and 4 more | Director | 29 Sep 2007 | 19 Years 1 Months | Current |
| Mahesh Kumar Bhagchandka Also directs: Tosha International Limited | Managing Director | 12 May 2000 | 26 Years 5 Months | Current |
| Devkishan Karnani | Whole-Time Director | 20 Jun 2022 | 4 Years 4 Months | Current |
Auditor
Negolice India Limited is audited by DOOGAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DOOGAR & ASSOCIATES | FY 2023 | 000561N |
Shareholding
The shareholding of Negolice India 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 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 Negolice India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2025 | 101079979 | Others | ₹65 Lakh | Open | |
| 25 Mar 2025 | 101079972 | Others | ₹65 Lakh | Open | |
| 07 Nov 2020 | 100415708 | Hdfc Bank Limited | ₹9.94 Lakh | Open | |
| 28 Feb 2015 | 10563656 | Kotak Mahindra Bank Limited | ₹10 Cr | Satisfied | |
| 23 Aug 2013 | 10453812 | Kotak Mahindra Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of Negolice India Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Negolice India Limited has 71 court cases on record: 42 filed by Negolice India, 29 filed against it. 13 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 22 | 4 |
| High courts | 18 | 5 | 3 |
| NCLAT | 6 | 0 | 5 |
| Supreme Court | 4 | 2 | 1 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Delhi Development Authority | Pending |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed by the company against Atlanta Systems Pvt. Ltd. Through Sandeep Narula Having Registered Office at M-135, 2Nd Floor, Opposite Super Bazaar , District: Connaught Place ,New Delhi , Delhi and 1 other | Pending |
| District court, Central, Delhi | Court case (OMP (COMM.)) | Filed against the company by Nina Concrete Systems Private Limited | Disposed |
| Bombay High Court | Court case (N) | Filed by the company against Nina Concrete Systems Pvt. Ltd Through Its Directors K.K. Parikh and M.K.Parikh | Disposed |
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against Nina Concrete Systems Pvt. Ltd Through Its Directors K.K. Parikh and M.K.Parikh | Disposed |
To see the full case history of Negolice India 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
Negolice India Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| R G Icon | |||
| Dhabriya Polywood Limited |
To see the full MSME payment records of Negolice India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Negolice India Limited has a workforce of 10 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Negolice India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCN6556A1ZP | Delhi | Active | 01 Jul 2017 |
| 06AABCN6556A1ZR | Haryana | Active | 01 Jan 2019 |
To see the full GST registrations and return filing status of Negolice India Limited, buy the company report.
Recent activity
Negolice India Limited has 9 board changes on record since 2000: 3 appointments and 6 cessations. The latest: Devkishan Karnani was appointed as Whole-Time Director on 20 Jun 2022.
12 earlier events are in the company report.
Frequently asked questions
Negolice India is an active public limited company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 21 September 1983 (43+ years old) and is registered under CIN U67120DL1983PLC016587.
Negolice India has 3 current directors:
- Mahesh Kumar Bhagchandka - Managing Director
- Devkishan Karnani - Whole-Time Director
- Vipin Jain - Director
The latest financial statements of Negolice India 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 Negolice India is 07AABCN6556A1ZP, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AABCN6556A1ZR (Haryana).
The CIN (Corporate Identification Number) of Negolice India is U67120DL1983PLC016587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Negolice India has 71 court cases on record: 42 filed by the company and 29 filed against it. 13 are pending. Most are in the district courts.
Negolice India was incorporated on 21 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
Devkishan Karnani was appointed as Whole-Time Director on 20 Jun 2022. Payal Agarwal ceased to be Director on 07 Feb 2020. Prakash Chandra Jhajharia ceased to be Director on 30 Sep 2019. Negolice India has 9 board changes on record in total.
Negolice India has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Negolice India can be reached through the website m2kindia.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Negolice India is at E – 34 2nd Floor Connaught Circus, New Delhi, Delhi, India – 110001.