Ion Exchange (India) Limited

BSE: 500214 NSE: IONEXCHANG
Ion Exchange (India) Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L74999MH1964PLC014258 Incorporated 06 March 1964 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: IONEXCHANG · BSE: 500214 Public Limited Company engineering
Data last updated
Market Cap
₹5,157 Cr
IONEXCHANG · NSE
Share Price
₹347.80
-1.08% today
Revenue
₹2,915 Cr
FY 2025-26 · +6.5% YoY
EBITDA
₹197 Cr
Margin 6.8%
Net Profit
₹153 Cr
FY 2025-26 · -26.1% YoY
P/E (TTM)
49.0x
P/B 4.0x
ROE
11.2%
ROCE 13.0%
Debt / Equity
0.32
Interest cover 20.5x

About Ion Exchange (India) Limited

Data last updated:

Ion Exchange (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the engineering sector. It was incorporated on 06 March 1964 and has been in existence for over 62 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1964PLC014258. Its GSTIN is 27AAACI1726L1ZK (Maharashtra). The company holds 28 GST registrations, of which 24 are active. Its shares are listed on BSE: 500214 and NSE: IONEXCHANG.

The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹14.67 Cr. It is led by directors including Indraneel Dutt (Managing Director) and Rajesh Chandrabhan Sharma (Whole-Time Director).

Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ion House Dr. E.Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,914.84 Cr, a growth of 6.5% compared to the previous year. For the same year it recorded a net profit of ₹153.32 Cr (net margin 5.3%) and EBITDA of ₹196.75 Cr (EBITDA margin 6.7%). The net worth stands at ₹1,339.03 Cr (up 10.9% YoY). Total assets are valued at ₹1,865.2 Cr (up 19.1% YoY).

The company has about 2,253 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.

The company is associated with 2 brands: Labwater and Ion Exchange. As per MCA filings, the company has open charges of ₹3,358.36 Cr and satisfied charges of ₹3,063.78 Cr on record. Court records list 418 cases involving the company, including 236 filed by the company and 183 filed against it; 88 cases are pending. The company has 31 deals on record (27 market trades, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹48.3 Lakh; the latest was in September 2024. The company has 24 MSME Form 1 returns on record between 2017 and 2024, listing 6,285 overdue payments to 417 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ionexchangeglobal.com.

Company Details of Ion Exchange (India) Limited
CIN L74999MH1964PLC014258
Registration Number 014258
Incorporation Date 06 March 1964
ROC Mumbai
Listing Status Listed (BSE: 500214, NSE: IONEXCHANG)
Company Status Active
Date of Last AGM 09 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN History

Ion Exchange (India) has one previous CIN (Corporate Identification Number): U74999MH2004PTC014258. The current CIN is L74999MH1964PLC014258, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74999MH1964PLC014258Current
U74999MH2004PTC014258Previous
Key People
Indraneel Dutt Managing Director Rajesh Chandrabhan Sharma Whole-Time Director Aankur Patni Director

Recognitions & Rankings of Ion Exchange (India)

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#463
Valuation
₹10,550 Cr
2023 #450
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    ionexchangeglobal.com
  • Social Media
  • Registered Address
    Ion House Dr. E.Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
  • Industry
    Engineering, Engineering, Procurement & Construction (EPC)
Comprehensive company report
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  • Historical financials and ratios
  • Shareholding pattern and group structure
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  • Legal cases, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Ion Exchange (India) Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands

Ion Exchange (India) operates two associated brands: Labwater and Ion Exchange. Each brand links to its own profile.

BrandDescriptionWebsite
Ion Exchange
Water and environmental management solutions are provided by Ion Exchange.ionexchangeglobal.com
Labwater
Offers lab water purification products and services for various sectors.labwater.in

Business Activity

The main business activities of Ion Exchange (India) are water supply, sewerage and waste management and manufacturing. In detail, this covers water collection, treatment and supply and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
EWater supply, sewerage and waste managementE1Water collection, treatment and supplyLocked
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Financials of Ion Exchange (India) Limited

FY 2025-26 filings available

Ion Exchange (India) Limited reported revenue of ₹2,914.84 Cr (up 6.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,915 Cr
+6.5% YoY
EBITDA
₹197 Cr
-33.8% YoY
Profit After Tax
₹153 Cr
-26.1% YoY
Net Worth
₹1,339 Cr
+10.9% YoY
Total Assets
₹1,865 Cr
+19.1% YoY
Total Debt
₹482 Cr
+49.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,9152,7372,3481,9901,5771,4501,480
Revenue growth+6.5%+16.6%+18.0%+26.2%+8.8%-2.1%-
EBITDA197297275258216204138
EBITDA margin+6.8%+10.9%+11.7%+13.0%+13.7%+14.1%+9.3%
Profit before tax195285269259217195131
Net profit15320819619716314693.69
Net profit margin+5.3%+7.6%+8.3%+9.9%+10.3%+10.1%+6.3%
EPS (₹)10.0314.6113.78138.27114.40101.1665.80
Balance sheet
Total assets1,8651,5661,213928738594514
Net worth1,3391,2081,018833656506363
Total debt48232315259.2355.2262.32122
Cash & bank319466588548536505373
Net working capital850768723616460344261
Cash flow
Cash from operations(28.47)32.0513062.7391.38197102
Cash from investing(36.38)(165)(160)(41.14)(92.67)(26.58)(17.34)
Cash from financing1001288.36(15.31)(26.86)(74.70)(28.17)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue700863734734583835691644
Revenue growth (YoY)+20.1%+3.4%+6.4%+13.9%+2.8%---
Other income6.3643.1312.5414.6218.2014.848.9114.53
EBITDA31.7419.7442.2868.4962.5485.7475.4768.30
EBITDA margin+4.5%+2.3%+5.8%+9.3%+10.7%+10.3%+10.9%+10.6%
Depreciation21.7519.6018.5712.1712.2611.8311.3310.89
Interest8.9510.797.573.082.563.613.303.62
Profit before tax7.4032.4828.6867.8665.9285.1469.7568.32
Tax4.348.198.1217.9417.4821.9020.1617.68
Net profit3.0624.2920.5649.9248.4463.2449.5950.64
EPS (₹)0.352.041.714.184.115.344.104.30
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,6792,5402,1801,8921,5091,4021,407
Revenue growth+5.5%+16.5%+15.2%+25.4%+7.7%-0.4%-
EBITDA173288270240199197124
EBITDA margin+6.4%+11.3%+12.4%+12.7%+13.2%+14.1%+8.8%
Profit before tax187288274246209196134
Net profit14821420418515414699.19
Net profit margin+5.5%+8.4%+9.4%+9.8%+10.2%+10.4%+7.1%
EPS (₹)9.4314.6213.92126.23105.1499.5367.58
Balance sheet
Total assets1,8381,5451,171966831691605
Net worth1,3901,2701,074887767627482
Total debt41024459.2449.3137.9341.1499.73
Cash & bank271424535517513487354
Net working capital819721699615513389304
Cash flow
Cash from operations(55.73)26.1812454.6875.1419264.73
Cash from investing(30.15)(169)(161)(22.78)(81.17)(25.49)6.55
Cash from financing111148(11.76)(26.98)(21.71)(69.52)(22.66)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue636814669678518785650589
Revenue growth (YoY)+22.7%+3.7%+2.9%+15.2%+0.3%---
Other income13.2444.7014.2516.4819.5215.1510.7612.61
Total expenses605803627617462702576522
EBITDA30.6811.0841.7360.7756.2183.2874.4366.95
EBITDA margin+4.8%+1.4%+6.2%+9.0%+10.9%+10.6%+11.5%+11.4%
Depreciation20.3418.3817.2110.9611.0310.6610.219.77
Interest8.2110.076.642.171.662.532.052.14
Profit before tax15.3727.3332.1364.1263.0485.2472.9367.65
Tax3.977.768.0716.2516.1620.6619.6016.91

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue700863734734583835691644
Revenue growth (YoY)+20.1%+3.4%+6.4%+13.9%+2.8%---
Other income6.3643.1312.5414.6218.2014.848.9114.53
EBITDA31.7419.7442.2868.4962.5485.7475.4768.30
EBITDA margin+4.5%+2.3%+5.8%+9.3%+10.7%+10.3%+10.9%+10.6%
Depreciation21.7519.6018.5712.1712.2611.8311.3310.89
Interest8.9510.797.573.082.563.613.303.62
Profit before tax7.4032.4828.6867.8665.9285.1469.7568.32
Tax4.348.198.1217.9417.4821.9020.1617.68
Net profit3.0624.2920.5649.9248.4463.2449.5950.64
EPS (₹)0.352.041.714.184.115.344.104.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,9152,7372,3481,9901,5771,4501,480
Revenue growth+6.5%+16.6%+18.0%+26.2%+8.8%-2.1%-
Other income88.2749.6145.4242.0042.1133.0935.81
Total expenses2,7182,4402,0731,7321,3611,2451,342
Employee cost415342297236199174181
EBITDA197297275258216204138
EBITDA margin+6.8%+10.9%+11.7%+13.0%+13.7%+14.1%+9.3%
Depreciation62.6044.4936.4129.0928.0427.6723.53
Interest27.5016.8315.4712.0512.6714.7219.25
Profit before tax195285269259217195131
Tax51.7377.2373.5463.7455.6451.7136.73
Net profit15320819619716314693.69
Net profit margin+5.3%+7.6%+8.3%+9.9%+10.3%+10.1%+6.3%
EPS (₹)10.0314.6113.78138.27114.40101.1665.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14.2314.2314.2314.2314.2314.2314.23
Reserves & surplus1,3251,1941,004819670520377
Shareholders' funds (net worth)1,3391,2081,018833656506363
Minority interest1.291.611.902.31(0.83)(0.12)2.03
Secured loans45230113651.9041.9743.8696.75
Unsecured loans29.7521.3816.797.3313.2518.4625.42
Total debt48232315259.2355.2262.32122
Total liabilities1,8651,5661,213928738594514
Assets
Gross block1,024603536354303276253
Net block753392367215192190194
Capital work in progress17632360.6841.9520.0414.6011.51
Investments15.8313.1912.239.848.664.514.57
Inventories441299237222181128134
Sundry debtors1,0751,107935697508449502
Cash & bank balances319466588548536505373
Loans & advances521308191161122111120
Total current assets2,3562,1801,9501,6281,3471,1931,129
Total current liabilities1,5061,4121,2271,011887849868
Net working capital850768723616460344261
Total assets1,8651,5661,213928738594514
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14915417516919710145.17
Net cash from operating activities(28.47)32.0513062.7391.38197102
Net cash from investing activities(36.38)(165)(160)(41.14)(92.67)(26.58)(17.34)
Net cash from financing activities1001288.36(15.31)(26.86)(74.70)(28.17)
Net change in cash35.27(4.35)(21.72)6.28(28.15)95.7756.28
Closing cash319466588548536505373
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.5%+16.6%+18.0%+26.2%+8.8%-2.1%-
EBITDA growth-33.8%+7.9%+6.8%+19.4%+5.7%+48.2%-
PBT growth-31.7%+6.2%+3.9%+19.0%+11.4%+49.0%+28.5%
Net income growth-26.1%+6.0%-0.6%+21.1%+11.6%+55.6%-
Revenue CAGR (3Y)+13.6%+20.2%+17.4%+10.4%+10.7%+11.5%+13.6%
EBITDA CAGR (3Y)-8.6%+11.2%+10.5%+23.2%+25.6%+36.6%+22.9%
Profitability & leverage
Net income margin+4.9%+7.6%+8.3%+9.8%+10.3%+9.9%+6.4%
Return on capital employed+13.0%+21.8%+26.6%+32.5%+34.5%+37.9%+33.2%
Return on net worth+11.2%+18.7%+21.1%+26.2%+27.8%+33.0%+30.2%
Debt / equity0.320.210.110.080.100.210.37
Long-term debt / equity0.250.170.080.020.020.050.09
Interest cover20.506.666.475.276.748.3316.84
Efficiency & per share
Fixed asset turnover3.584.815.276.055.445.486.48
Inventory turnover7.8710.2210.239.8710.2211.0611.20
Debtors turnover2.672.682.883.303.303.053.20
EPS (₹)10.0314.6113.78138.27114.40101.1665.80
Dividend per share (₹)1.251.501.5012.5010.0010.006.00
Book value per share (₹)94.1184.8971.54585.78480.57375.27274.96
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue636814669678518785650589
Revenue growth (YoY)+22.7%+3.7%+2.9%+15.2%+0.3%---
Other income13.2444.7014.2516.4819.5215.1510.7612.61
Total expenses605803627617462702576522
EBITDA30.6811.0841.7360.7756.2183.2874.4366.95
EBITDA margin+4.8%+1.4%+6.2%+9.0%+10.9%+10.6%+11.5%+11.4%
Depreciation20.3418.3817.2110.9611.0310.6610.219.77
Interest8.2110.076.642.171.662.532.052.14
Profit before tax15.3727.3332.1364.1263.0485.2472.9367.65
Tax3.977.768.0716.2516.1620.6619.6016.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,6792,5402,1801,8921,5091,4021,407
Revenue growth+5.5%+16.5%+15.2%+25.4%+7.7%-0.4%-
Other income94.9551.1547.0445.0146.1336.7848.54
Total expenses2,5062,2521,9101,6521,3101,2051,283
Employee cost332275242196164141149
EBITDA173288270240199197124
EBITDA margin+6.4%+11.3%+12.4%+12.7%+13.2%+14.1%+8.8%
Depreciation57.5839.9932.9528.1326.7826.1422.05
Interest23.3611.289.7211.489.8611.7616.09
Profit before tax187288274246209196134
Tax48.2473.5370.2560.6654.5349.9035.06
Net profit14821420418515414699.19
Net profit margin+5.5%+8.4%+9.4%+9.8%+10.2%+10.4%+7.1%
EPS (₹)9.4314.6213.92126.23105.1499.5367.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14.6714.6714.6714.6714.6714.6714.67
Reserves & surplus1,3751,2561,060872781640495
Shareholders' funds (net worth)1,3901,2701,074887767627482
Secured loans38422747.2342.7721.5023.2176.86
Unsecured loans25.6517.1212.016.5416.4317.9322.87
Total debt41024459.2449.3137.9341.1499.73
Total liabilities1,8381,5451,171966831691605
Assets
Gross block887487425336281254231
Net block637290263204177174177
Capital work in progress17532260.7341.9520.0414.6011.51
Investments87.4885.9584.7759.4164.2862.7162.15
Inventories386241189186146102118
Sundry debtors1,0731,099922697509453514
Cash & bank balances271424535517513487354
Loans & advances512303213183181151150
Total current assets2,2412,0671,8591,5831,3491,1931,135
Total current liabilities1,4221,3461,160968836804832
Net working capital819721699615513389304
Total assets1,8381,5451,171966831691605
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11611015915418184.6136.00
Net cash from operating activities(55.73)26.1812454.6875.1419264.73
Net cash from investing activities(30.15)(169)(161)(22.78)(81.17)(25.49)6.55
Net cash from financing activities111148(11.76)(26.98)(21.71)(69.52)(22.66)
Net change in cash25.325.43(48.23)4.92(27.73)96.6848.61
Closing cash271424535517513487354
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.5%+16.5%+15.2%+25.4%+7.7%-0.4%-
EBITDA growth-40.1%+6.7%+12.3%+20.7%+1.1%+59.2%-
PBT growth-35.2%+5.0%+11.6%+17.8%+6.6%+46.0%+32.7%
Net income growth-31.1%+5.0%+10.0%+20.3%+5.5%+47.2%-
Revenue CAGR (3Y)+12.3%+19.0%+15.9%+10.4%+11.0%+12.5%+15.0%
EBITDA CAGR (3Y)-10.5%+13.1%+11.1%+24.8%+28.8%+39.3%+16.5%
Profitability & leverage
Net income margin+5.2%+8.4%+9.4%+9.8%+10.2%+10.4%+7.0%
Return on capital employed+12.4%+22.0%+26.6%+28.6%+28.7%+32.0%+27.7%
Return on net worth+10.4%+18.3%+20.8%+22.4%+22.1%+26.3%+23.2%
Debt / equity0.250.130.060.050.060.130.22
Long-term debt / equity0.200.110.040.020.020.040.06
Interest cover20.304.554.105.415.726.8815.82
Efficiency & per share
Fixed asset turnover3.905.575.726.135.645.786.78
Inventory turnover8.5511.8211.6511.4112.1412.7212.39
Debtors turnover2.472.512.693.143.142.902.99
EPS (₹)9.4314.6213.92126.23105.1499.5367.58
Dividend per share (₹)1.251.501.5012.5010.0010.006.00
Book value per share (₹)94.7586.6173.25604.43542.41446.66347.44
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Board of Directors of Ion Exchange (India) Limited

Ion Exchange (India) has 10 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajesh Chandrabhan Sharma
Also directs: Ion Exchange Projects and Engineering Limited, Ion Exchange Enviro Farms Limited, Aqua Investments (India) Limited and 4 more
Whole-Time Director26 Mar 199630 Years 6 MonthsCurrent
Aankur Patni
Also directs: Rockmen Merchants Ltd, Aquanomics Systems Limited, Ion Exchange Projects and Engineering Limited and 1 more
Director24 Jan 200620 Years 8 MonthsCurrent
Dinesh Sharma
Also directs: Rockmen Merchants Ltd, Aquanomics Systems Limited, Ultrafresh Modular Solutions Limited
Director24 Jan 200620 Years 8 MonthsCurrent
Mahabir Prasad Patni
Also directs: Ion Exchange Projects and Engineering Limited, Labhda Properties Pvt Ltd
Director28 Sep 200125 Years 0 MonthsCurrent
David Paul Rasquinha
Also directs: Aquanomics Systems Limited, Ion Exchange Projects and Engineering Limited, Ajanta Pharma Limited and 2 more
Director02 Aug 20224 Years 2 MonthsCurrent
Padmanabhan Gopalaraman
Also directs: Haldyn Glass Limited, Axis Bank Limited, India International Bullion Exchange Ifsc Limited
Director02 Aug 20242 Years 2 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Auditor Details

Ion Exchange (India) Limited is audited by BSR & Co LLP for the financial year 2023.

NameStatusAppointment DateCessation Date
BSR & Co LLPLockedLockedLocked

Complete auditor history: available in the company report

Shareholding Pattern

Shareholding for the quarter ended Sep 2026: promoters hold 25.40%, foreign institutional investors hold 4.90%, domestic institutional investors hold 15.30% and retail and other public shareholders hold 54.40%.

Promoters: 25.40%DII (Domestic Institutional): 15.30%FII (Foreign Institutional): 4.90%Retail & Others: 54.40%
Sep 2026
QUARTER
25.40% Promoters
15.30% DII (Domestic Institutional)
4.90% FII (Foreign Institutional)
54.40% Retail & Others
Promoter holding - history
Now 25.40% · Sep 2026High 25.70% · Dec 2025Low 25.40% · Sep 2026
24%24.8%25.5%26.3%27%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 25.70%Mar 2026: 25.60%Jun 2026: 25.50%Sep 2026: 25.40%25.70%25.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters25.40%25.50%25.60%25.70%
Public74.60%74.50%74.40%74.30%

Charges & Borrowings

Open charges
₹3,358.36 Cr
Satisfied charges
₹3,063.78 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹1,212.00 Cr
Others₹919.58 Cr
Bank of India₹906.00 Cr
Standard Chartered Bank₹180.00 Cr
Canara Bank₹100.00 Cr
Others₹40.78 Cr
Latest charge details
DateLenderAmountStatus
12 Nov 2025Others₹69.95 CrOpen
05 Jun 2024Others₹200 CrOpen
19 Dec 2023Others₹345 CrOpen
10 Aug 2023Others₹100 CrOpen
23 Jun 2023Canara Bank₹100 CrOpen

Total charge records: 64 View all charges

Deals & Funding

Ion Exchange (India) Limited has 31 deals on record (27 market trades, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹48.3 Lakh; the latest was in September 2024.

Total deals
31
Market trades
27
Secondary share transfers
3
Funding round
1
Disclosed funding
₹48.3 Lakh

Deals on record (5 of 31)

WhenDealAmountParties
Sep 2024Market trade₹53.75 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jun 2024Secondary share transferUndisclosedBuyer: Nippon India Mutual Fund
Nov 2021Market trade₹16.65 CrSeller: Plutus Wealth Management LLP
Mar 2021Market trade₹138.87 CrBuyer: Plutus Wealth Management LLP , an individual
Seller: Rare Investments, 2 individuals
Nov 2006Market trade₹2.16 CrBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited

Full deal history: available in the company report

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays

Ion Exchange (India) Limited has 24 MSME Form 1 returns on record between 2017 and 2024, listing 6,285 overdue payments to 417 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 417)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
SNMR Fab India Private Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••

Full MSME payment history: available in the company report

Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance

Ion Exchange (India) Limited has a workforce of 2,253 employees as of Apr 05, 2024.

Employee count
2,253
Active EPFO establishments
8
Employee growth
20.29%

Employee and EPFO history: available in the company report

Group Structure

Ion Exchange (India) has 8 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

8
Subsidiary companies
2
Associated companies
Key Subsidiaries
Company NameCINShares Held
Ion Exchange Enviro Farms LimitedU01110MH1995PLC091478-
Global Composites And Structurals LimitedU26102MH2006PLC161108-
Ion Exchange Purified Drinking Water Private LimitedU41000MH2013PTC248560-
Ion Exchange Environment Management LimitedU45204MH2005PLC157554-
Aqua Investments (India) LimitedU65990MH1994PLC080386-
Watercare Investments (India) LimitedU67120MH1994PLC080385-

Showing major subsidiaries. Total: 8.

Recent Activity

Ion Exchange (India) Limited has 32 board changes on record since 1984: 21 appointments and 11 cessations. The latest: Indraneel Dutt was appointed as Managing Director on 01 Oct 2024.

Charges
A charge registered on 03 Mar 2017 via Charge ID 100081260 with Others was fully satisfied on 05 Jan 2026.
Charges
A charge with Others amounted to Rs. 69.95 Cr with Charge ID 101196544 was registered on 12 Nov 2025.
AGM
Ion Exchange (India) Limited last Annual general meeting of members was held on 09 Sep 2025 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 606.00 Cr registered on 29 Sep 2005 with Charge ID 80007206 was modified on 16 May 2025.
Charges
A charge with Others of Rs. 345.00 Cr registered on 19 Dec 2023 with Charge ID 100843927 was modified on 28 Apr 2025.
Charges
A charge with Others of Rs. 34.63 Cr registered on 30 Aug 2018 with Charge ID 100205274 was modified on 09 Apr 2025.
Charges
A charge with Others of Rs. 34.63 Cr registered on 03 Mar 2017 with Charge ID 100081260 was modified on 09 Apr 2025.
Charges
A charge with Bank Of India of Rs. 606.00 Cr registered on 24 Jun 2004 with Charge ID 80010700 was modified on 09 Apr 2025.
Filing
Ion Exchange (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 606.00 Cr registered on 24 Mar 2004 with Charge ID 80026088 was modified on 27 Feb 2025.
Charges
A charge registered on 26 Mar 2012 via Charge ID 10349284 with Bank Of India was fully satisfied on 21 Dec 2024.
Charges
A charge registered on 13 Feb 2007 via Charge ID 10037871 with Bank Of India was fully satisfied on 21 Dec 2024.

150 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts

Credit ratings, litigation, and regulatory alerts: available in the company report

Subsidiaries & Group Companies

Corporate group structure: available in the company report

GST Compliance

Ion Exchange (India) has 28 GST registrations: 24 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
28
Active
24
Cancelled / inactive
4
GSTINStateStatusRegistered on
27AAACI1726L1ZKMaharashtraActive01 Jul 2017
27AAACI1726L2ZJMaharashtraActive01 Sep 2017
03AAACI1726L1ZUPunjabActive01 Jul 2017
06AAACI1726L1ZOHaryanaActive01 Jul 2017

GST registrations and filing compliance: available in the company report

MCA Filings & Documents

MCA filings and documents: available in the company report

Related news

Frequently Asked Questions

Ion Exchange (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 06 March 1964 (62+ years old) and is registered under CIN L74999MH1964PLC014258. Listed on BSE: 500214 and NSE: IONEXCHANG.

Ion Exchange (India) reported revenue of ₹2,914.84 Cr for FY 2025-26 (up 6.5% YoY) based on consolidated financials.

Ion Exchange (India) has 10 current directors:

The latest financial statements of Ion Exchange (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ion Exchange (India) is 27AAACI1726L1ZK, registered in Maharashtra. The company has 28 GST registrations in all, of which 24 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACI1726L2ZJ (Maharashtra), 03AAACI1726L1ZU (Punjab), 06AAACI1726L1ZO (Haryana).

The CIN (Corporate Identification Number) of Ion Exchange (India) is L74999MH1964PLC014258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ion Exchange (India) is listed on both BSE (code: 500214) and NSE (symbol: IONEXCHANG).

Ion Exchange (India) has 418 court cases on record: 236 filed by the company and 183 filed against it. 88 are pending. Most are in the high courts.

Ion Exchange (India) was incorporated on 06 March 1964, making it 62+ years old. It is registered with the Registrar of Companies, Mumbai.

Ion Exchange (India) has 31 deals on record (27 market trades, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹48.3 Lakh; the latest was in September 2024.

Indraneel Dutt was appointed as Managing Director on 01 Oct 2024. Abhiram Seth ceased to be Director on 11 Sep 2024. Kishori Jayendra Udeshi ceased to be Director on 11 Sep 2024. Ion Exchange (India) has 32 board changes on record in total.

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