Nandi Economic Corridor Enterprises Limited. - Company Profile

It is a infrastructure and utilities public limited company based in Off M.G.Road, Bangalore, Karnataka, India, established in 2000.

2000 Off M.G.Road, Bangalore, Karnataka, India Active

Last Updated: December 23, 2025

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About Nandi Economic Corridor Enterprises Limited.

Nandi Economic Corridor Enterprises Limited., a active public limited company, was established on 17 April 2000 in Off M.G.Road, Bangalore, Karnataka, India. Engaging in road & bridge construction within the construction sector, it holds CIN: U85110KA2000PLC026939. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹749.03 Cr and a paid-up capital of ₹249.05 Cr.

It upholds a compliant status. Employing 952 professional, Its leadership includes Balaji Naidu Nayanameni (Company Secretary), Vikram Manohar Munje (Director), Jayant Kumodchandra Hemade (Director). Past directors included Sharad Gulwadi, Sanjay Sharad Vaidya, Rajeev Kalra. It holds ₹1,590.45 Cr open charges and ₹2,794.00 Cr settled loans. Its latest AGM occurred on 11 November 2025, with the balance sheet filed on 31 March 2024. It is based at No.1, Midford House,Midford Gardens, Off M.G.Road, Bangalore, Off M.G.Road, Bangalore, Karnataka, 560001.

Company Details

CIN/LLPIN
U85110KA2000PLC026939
Registration Number
026939
Incorporation Date
17 April 2000
Authorized Capital
₹749.03 Cr
Paid-Up Capital
₹249.05 Cr
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 749.03 Cr as on 23-12-2025
Paid Up Capital ₹ 249.05 Cr as on 23-12-2025
Company Age 25 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 1,590.45 Cr as on 23-12-2025
Satisfied Charges ₹ 2,794.00 Cr as on 23-12-2025
Revenue Growth **** 50.19% (FY 2023)
Profit Growth **** 286.60% (FY 2023)
Ebitda **** 58.14% (FY 2023)
Net Worth 248.12% (FY 2023)
Total Assets **** 4.41% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Nandi Economic Corridor Enterprises Limited. — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Nandi Economic Corridor Enterprises Limited.?

Current Directors

Name	Designation	Appointment Date	Status
Balaji Naidu Nayanameni	Company Secretary	18 Jul 2017	Current
Vikram Manohar Munje	Director	10 Aug 2023	Current
Jayant Kumodchandra Hemade	Director	27 May 2024	Current
Bhalchandra Shankar Mitkari	Director	29 Sep 2011	Current
Arehalli Subramanyam Basappa Shiva	Director	10 Nov 2022	Current
Deepti Rajeev Puranik	Director	04 May 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director Appointed In Casual Vacancy	21 Mar 2014	Past
Pramod Abcsdd	Director	24 Oct 2013	Past
Pramod Abcsdd	Nominee Director	19 Sep 2018	Past
Pramod Abcsdd	Director	03 Sep 2013	Past
Pramod Abcsdd	Cfo	27 Apr 2017	Past
Pramod Abcsdd	Additional Director	19 Sep 2023	Past

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Financial Performance of Nandi Economic Corridor Enterprises.

Nandi Economic Corridor Enterprises Limited., for the financial year ended 2023, experienced significant growth in revenue, with a 50.19% increase. The company also saw a substantial improvement in profitability, with a 286.6% increase in profit. The company's net worth Soared by an impressive increase of 248.12%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

50.19%

*******

Revenue from Operations

*******

51.52%

*******

Total Assets

*******

4.41%

*******

Profit or Loss

*******

286.60%

*******

Net Worth

*******

248.12%

*******

EBITDA

*******

58.14%

*******

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What is the Ownership and Shareholding Structure of Nandi Economic Corridor Enterprises?

In 2023, Nandi Economic Corridor Enterprises had a promoter holding of 65.11% and a public holding of 34.89%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹15,904,500,000.00

Satisfied Charges

₹27,940,000,000.00

Charges Breakdown by Lending Institutions

Idbi Trusteeship Services Limited : 1547.25 Cr
The Western India Trustee And Executor Company Limited : 43.00 Cr
Bank Of India : 0.20 Cr

Latest Charge Details

Date	Lender	Amount	Status
04 Oct 2021	Bank Of India	₹2.00 M	Open
06 Feb 2015	Idbi Trusteeship Services Limited	₹1,547.25 Cr	Open
25 May 2004	The Western India Trustee And Executor Company Limited	₹43.00 Cr	Open
25 Sep 2010	Idbi Trusteeship Services Limited	₹1,650.00 Cr	Satisfied
04 Dec 2008	Axis Bank Limited	₹175.00 Cr	Satisfied

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How Many Employees Work at Nandi Economic Corridor Enterprises?

Nandi Economic Corridor Enterprises has a workforce of 952 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Nandi Economic Corridor Enterprises, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nandi Economic Corridor Enterprises's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Nandi Economic Corridor Enterprises

Recent Activity within the Organization

Director Appointment

Progress on Ashok Kumar Kheny was appointed as a Director was appointed as a Director on 12 Jan 2026 & has been associated with this company since 1 month 9 days . was documented.
12 Jan 2026
Annual General Meeting

Nandi Economic Corridor Enterprises Limited. last Annual general meeting of members was held on 11 Nov 2025 as per latest MCA records. was recorded as a recent event.
11 Nov 2025
Director Appointment

Jayant Kumodchandra Hemade was appointed as a Director was appointed as a Director on 27 May 2024 & has been associated with this company since 1 year 8 months . was recorded as a recent event.
27 May 2024
Balance Sheet

Progress on Nandi Economic Corridor Enterprises Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was documented.
31 Mar 2024
Charges

Progress on A charge with Idbi Trusteeship Services Limited of Rs. 1,547.25 Cr registered on 06 Feb 2015 with Charge ID 10550828 was modified on 02 Jan 2024. was documented.
02 Jan 2024
Director Appointment

Vikram Manohar Munje was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 2 years 6 months . was recorded as a recent event.
10 Aug 2023

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