About NRC Limited
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NRC Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Sulochana Pedestal Private Limited. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 30 September 1946 and has been in existence for over 80 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH1946PLC005227. Its GSTIN is 27AAACN1616J1ZM (Maharashtra). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Nitin Ashok Sharma (Managing Director) and Bhavik Bharatkumar Shah.
Its last annual general meeting (AGM) was held on 18 June 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹25.82 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹12.61 Cr (net margin 48.8%) and EBITDA of ₹23.05 Cr (EBITDA margin 89.3%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 18% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,072.63 Cr and satisfied charges of ₹117.88 Cr on record. Court records list 711 cases involving the company, including 395 filed by the company and 318 filed against it; 86 cases are pending. The company has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nrclimited.com.
Company details
CIN history
NRC has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U52100MH1946PLC005227, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100MH1946PLC005227 | Current |
| U17120MH1946PLC005227 | Previous |
| L17120MH1946PLC005227 | Previous |
Contact details
NRC Limited's registered office is in Mumbai, Maharashtra. Its website is nrclimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address601 Hallmark Business Plaza, Opposite Guru Nanak Hospital Sant. Dnyaneshwar Marg, Mumbai, Maharashtra, India – 400051
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of NRC 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 activity of NRC is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of NRC Limited, buy the company report.
Financials of NRC Limited
FY 2026 filings availableNRC Limited reported revenue of ₹25.82 Cr (up 10% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 10% growth in the latest year. EBITDA rose 20% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.61 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.3% | ||||
| Net Profit Margin | 48.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of NRC Limited, buy the company report.
Board of directors and KMP of NRC Limited
NRC Limited currently reports 3 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhirajkumar Jitendra Kumar Pancholi Also directs: Adani Agri Logistics (Chandari) Limited, Adrita Realtors Limited, Adani Agri Logistics Katihar Two Limited and 5 more | Cfo | 22 Oct 2022 | 4 Years 0 Months | Current |
| Nitin Ashok Sharma | Managing Director | 23 Jul 2025 | 1 Years 3 Months | Current |
| Bhavik Bharatkumar Shah Also directs: Adani Trading Services LLP, Adani Ventures LLP, Sunanda Agri- Trade Private Limited and 5 more | Director | 01 Jul 2020 | 6 Years 3 Months | Current |
| Sunil Sharma Also directs: Swayam Realtors and Traders LLP, Adi Shantigram Estates LLP, Alinea Properties LLP and 5 more | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
Auditor
NRC Limited is audited by DHARMESH PARIKH & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH & CO LLP | FY 2022 | 112054W/W100725 |
Shareholding
The shareholding of NRC Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 NRC Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2025 | 101097299 | Idbi Trusteeship Services Limited | ₹436 Cr | Open | |
| 31 Dec 2008 | 10180280 | Others | ₹2.39 Cr | Open | |
| 21 Dec 2006 | 10032835 | Others | ₹21.9 Cr | Open | |
| 01 Feb 2006 | 90237755 | Others | ₹16.79 Cr | Open | |
| 24 Nov 2005 | 90237742 | Others | ₹20.48 Cr | Open |
To see the full charge records of NRC Limited, buy the company report.
Total charge records: 74 View all charges
Deals & funding
NRC Limited has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Acquisition | ₹161.24 Cr | Buyer: Adani Properties Private Limited |
| Feb 2007 | Market trade | ₹2.29 Cr | Buyer: Shubh Shanti Services Ltd Seller: Shubh Shanti Services Lim |
| Dec 2005 | Market trade | ₹99.8 Lakh | Seller: Prudential Icici Amc Ltd |
| May 2005 | Market trade | ₹84.9 Lakh | Seller: Mega Resources Ltd |
| Apr 2005 | Market trade | ₹23.6 Lakh | Seller: Mystique Media Limited |
To see the full deal history of NRC 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
NRC Limited has 711 court cases on record: 395 filed by NRC, 318 filed against it. 86 cases are pending and 625 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 368 | 145 | 37 |
| High courts | 295 | 142 | 40 |
| Supreme Court | 31 | 15 | 0 |
| NCLAT | 17 | 16 | 9 |
Cases on record (5 of 711)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Maharashtra State Electricity Distribution Company Ltd. THR Its Superintending and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Chetan Iron LLP | Disposed |
| High Court, MAHARASHTRA | Court case (APP) | Filed against the company by Chetan Iron LLP | Disposed |
To see the full case history of NRC 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
No delayed payments to MSME suppliers are on our record for NRC Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
NRC has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1616J1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of NRC Limited, buy the company report.
Recent activity
NRC Limited has 32 board changes on record since 2007: 4 appointments and 28 cessations. The latest: Nitin Ashok Sharma ceased to be Additional Director on 16 Sep 2025.
158 earlier events are in the company report.
Frequently asked questions
NRC is an active public limited company based in Mumbai, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 30 September 1946 (80+ years old) and is registered under CIN U52100MH1946PLC005227.
NRC has 4 current directors and KMP:
- Nitin Ashok Sharma - Managing Director
- Bhavik Bharatkumar Shah - Director
- Sunil Sharma - Director
- Dhirajkumar Jitendra Kumar Pancholi - Cfo
The latest financial statements of NRC on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NRC is 27AAACN1616J1ZM, registered in Maharashtra. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of NRC is U52100MH1946PLC005227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NRC has 711 court cases on record: 395 filed by the company and 318 filed against it. 86 are pending. Most are in the district courts.
NRC was incorporated on 30 September 1946, making it 80+ years old. It is registered with the Registrar of Companies, Mumbai.
NRC has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020.
Nitin Ashok Sharma ceased to be Additional Director on 16 Sep 2025. Nitin Ashok Sharma was appointed as Managing Director on 23 Jul 2025. Pankaj Vinodray Modi ceased to be Whole-Time Director on 09 Dec 2022. NRC has 32 board changes on record in total.
NRC can be reached through the website nrclimited.com. Its registered office is in Mumbai, Maharashtra, India.