About Nakoda Limited
Data last updated:
Nakoda Limited is a public limited company based in Surat, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 13 August 1984.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17111GJ1984PLC045995. Its GSTIN is 24AAACN7282L1Z6 (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (521030) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹150 Cr. It was formerly known as Nakoda Textile Industries P Limited and Nakoda Textile Industries Limited. It is led by directors including Devendra Babulal Jain (Managing Director) and Babulal Gumanmal Jain (Managing Director).
Its latest financial statements are for the year ended 31 March 2018. The registered office is at Block No 1 & 12 To 16 Village – Karanj Tal Mndvi Dist – Surat, Gujarat, India – 394110.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.41 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹476.37 Cr and EBITDA of -₹396 Cr. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹8,394 Cr and satisfied charges of ₹613 Cr on record. Court records list 127 cases involving the company, including 36 filed by the company and 91 filed against it; 32 cases are pending. The company has 13 deals on record (13 market trades); the latest was in August 2010. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is Avocet Industries Private Limited with revenue of ₹2.42 Cr.
The last known website on record is nakodaltd.com.
Company details
Name history
Nakoda has undergone 2 name changes throughout its history. The company was previously known as Nakoda Textile Industries P Limited, and Nakoda Textile Industries Limited. The current legal name is Nakoda Limited.
| Company Name | Status |
|---|---|
| Nakoda Limited | Current |
| Nakoda Textile Industries P Limited | Previous |
| Nakoda Textile Industries Limited | Previous |
CIN history
Nakoda has one previous CIN (Corporate Identification Number): L17111GJ2005PLC045995. The current CIN is L17111GJ1984PLC045995, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17111GJ1984PLC045995 | Current |
| L17111GJ2005PLC045995 | Previous |
Contact details
Nakoda Limited's registered office is in Surat, Gujarat. Its website is nakodaltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No 1 & 12 To 16 Village – Karanj Tal Mndvi Dist – Surat, Gujarat, India – 394110
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Nakoda 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 Nakoda is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Nakoda Limited, buy the company report.
Financials of Nakoda Limited
FY 2018 filings availableNakoda Limited reported revenue of ₹2.41 Cr (down 93% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 88% over three years, including a 93% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.41 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹396 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹476.37 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Nakoda Limited, buy the company report.
Board of directors of Nakoda Limited
Nakoda has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Babulal Jain Also directs: Nakoda Shipyard Private Limited, Nakoda Green Power Limited, Nakoda Energy Private Limited and 5 more | Managing Director | 05 May 2005 | 21 Years 5 Months | As last reported |
| Raj Kumar Gupta | Director | 01 Mar 2014 | 12 Years 7 Months | As last reported |
| Ashok Kumar Jain | Director | 12 Aug 2014 | 12 Years 2 Months | As last reported |
| Babulal Gumanmal Jain Also directs: Nakoda Shipyard Private Limited, Nakoda Green Power Limited, Nakoda Energy Private Limited and 5 more | Managing Director | 05 May 2005 | 21 Years 5 Months | As last reported |
Peer comparison
Nakoda Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avocet Industries Private Limited | ₹2.42 Cr (FY 2024) | 58.0% | Amritsar, Punjab, India | |||
| Royalene Sulz Private Limited | ₹2.41 Cr (FY 2025) | -24.0% | Bhilwara, Rajasthan, India | |||
| Spic Fashions Private Limited | ₹2.41 Cr (FY 2025) | -44.0% | Tirupur, Tamil Nadu, India | |||
| Nakoda Limitedthis company | ₹2.41 Cr (FY 2018) | -₹476.37 Cr | -93.0% | 4 | Surat, Gujarat, India | |
| Todi Synthetics Private Limited | ₹2.41 Cr (FY 2024) | -64.0% | Mumbai, Maharashtra, India | |||
| Tavissh Polyweaves Private Limited | ₹2.4 Cr (FY 2024) | -15.0% | Surat, Gujarat, India | |||
| Benz Suiting Private Limited | ₹2.4 Cr (FY 2025) | 17.0% | Amritsar, Punjab, India |
To see the full peer comparison of Nakoda Limited, buy the company report.
Auditor
Nakoda Limited is audited by BIPINCHANDRA J MODI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BIPINCHANDRA J MODI & CO | FY 2018 | 101521W |
Shareholding
The shareholding of Nakoda Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nakoda Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2014 | 10494614 | Indian Overseas Bank | ₹10 Cr | Open | |
| 09 Jan 2014 | 10475642 | Canara Bank | ₹42 Cr | Open | |
| 22 Aug 2013 | 10448839 | Pnb Investment Services Limited - Security Trustee | ₹1,792 Cr | Open | |
| 22 Aug 2013 | 10448837 | Pnb Investment Services Limited - Security Trustee | ₹1,792 Cr | Open | |
| 28 Jun 2013 | 10439033 | Central Bank of India | ₹90 Cr | Open |
To see the full charge records of Nakoda Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Nakoda Limited has 13 deals on record (13 market trades); the latest was in August 2010.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2010 | Market trade | ₹51 Lakh | Seller: Antala Real Broking&Empex Private Ltd |
| Jun 2010 | Market trade | ₹49.7 Lakh | Buyer: Sujata Synthetics Limited Seller: Sujata Synthetics Limited |
| Dec 2009 | Market trade | ₹59.6 Lakh | Seller: an individual |
| Dec 2009 | Market trade | ₹69.6 Lakh | Seller: Dhirajlal V Sanghvi Huf |
| May 2008 | Market trade | ₹57.6 Lakh | Buyer: Friends Oil and Chemical Terminals Private Limited |
To see the full deal history of Nakoda 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
Nakoda Limited has 127 court cases on record: 36 filed by Nakoda, 91 filed against it. 32 cases are pending and 95 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 99 | 82 | 29 |
| High courts | 28 | 9 | 3 |
Cases on record (5 of 127)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed against the company by Ifci Venture Capital Funds Ltd | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against PNB Investment Services Ltd. and 14 others | Pending |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by Vistra Itcl (India) Limited | Disposed |
| High Court, GUJARAT | Commercial suit | Filed against the company by Unicon Fibro Chemicals Private Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Axis Bank Limited. 1 and 13 others | Disposed |
To see the full case history of Nakoda 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 Nakoda Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nakoda has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nakoda Green Power Limited | U40107GJ2011PLC084678 |
To see the full group structure of Nakoda Limited, buy the company report.
Employees & EPFO
Nakoda Limited has a workforce of 4 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Nakoda has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN7282L1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nakoda Limited, buy the company report.
Recent activity
Nakoda Limited has 28 board changes on record since 2005: 16 appointments and 12 cessations. The latest: Poonam Nandkishor Khandelwal ceased to be Director on 15 Mar 2018.
66 earlier events are in the company report.
Frequently asked questions
Nakoda is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Nakoda is a company under liquidation, formerly operating as a public limited company based in Surat, Gujarat, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 13 August 1984 and is registered under CIN L17111GJ1984PLC045995. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nakoda has 4 current directors:
- Devendra Babulal Jain - Managing Director
- Babulal Gumanmal Jain - Managing Director
- Raj Kumar Gupta - Director
- Ashok Kumar Jain - Director
The latest financial statements of Nakoda on record with the MCA are for the year ended 31 March 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nakoda is L17111GJ1984PLC045995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nakoda is recorded as a listed company by MCA, but trading in its shares on BSE (521030) has been suspended, so they do not currently trade on a stock exchange.
Nakoda has open charges of ₹8,394 Cr and satisfied charges of ₹613 Cr as per latest MCA filings.
Nakoda has 127 court cases on record: 36 filed by the company and 91 filed against it. 32 are pending. Most are in the district courts.
Nakoda was incorporated on 13 August 1984. It is registered with the Registrar of Companies, Ahmedabad.
Nakoda has 13 deals on record (13 market trades); the latest was in August 2010.
The peers of Nakoda by revenue are Avocet Industries Private Limited, Royalene Sulz Private Limited, Spic Fashions Private Limited, Todi Synthetics Private Limited, Tavissh Polyweaves Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).