About Nandi Irrigation Systems Limited
Data last updated:
Nandi Irrigation Systems Limited is a public limited company based in Hyderabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 26 July 2007.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2007PLC054905. Its GSTIN is 37AACCN5790R1ZK (Andhra Pradesh).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Aravinda Rani Vemuri and Maruti Venkata Subbarao Poluri (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at D.No. 8 – 3 – 833/188 Plot No.188 1st Floor Phase II Kamalapuri Colony, Hyderabad, Telangana, India – 500073.
As per the financials filed for FY 2023, the company reported a revenue of ₹136.05 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹10.12 Cr (net margin -7.4%) and EBITDA of -₹8.92 Cr (EBITDA margin -6.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 104% over five years.
The company has about 224 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.6 Cr and satisfied charges of ₹12.6 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in August 2011.
The last known website on record is nandipipes.com.
Company details
CIN history
Nandi Irrigation Systems has one previous CIN (Corporate Identification Number): U74999AP2007PLC054905. The current CIN is U74999TG2007PLC054905, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TG2007PLC054905 | Current |
| U74999AP2007PLC054905 | Previous |
Contact details
Nandi Irrigation Systems Limited's registered office is in Hyderabad, Telangana. Its website is nandipipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD.No. 8 – 3 – 833/188 Plot No.188 1st Floor Phase II Kamalapuri Colony, Hyderabad, Telangana, India – 500073
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Nandi Irrigation Systems 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 Nandi Irrigation Systems is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Nandi Irrigation Systems Limited, buy the company report.
Financials of Nandi Irrigation Systems Limited
FY 2023 filings availableNandi Irrigation Systems Limited reported revenue of ₹136.05 Cr (down 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 104%. EBITDA fell 647% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹136.05 Cr | ||||
| Other Income | |||||
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| EBITDA | -₹8.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.12 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.6% | ||||
| Net Profit Margin | -7.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nandi Irrigation Systems Limited, buy the company report.
Board of directors of Nandi Irrigation Systems Limited
Nandi Irrigation Systems 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 |
|---|---|---|---|---|
| Vemuri Ram Raj Also directs: Nandi Agri Solutions Private Limited, Assam Bottling Private Limited, Lepakshi Water Containers Private Limited and 5 more | Additional Director | 21 Jun 2021 | 5 Years 4 Months | As last reported |
| Aravinda Rani Vemuri Also directs: Integrated Thermoplastics Limited, Sujala Feeds Private Limited, Nadeeswar Tubes Private Limited and 5 more | Director | 27 Mar 2023 | 3 Years 6 Months | As last reported |
| Sajjala Siddharth Reddy | Additional Director | 25 Feb 2022 | 4 Years 7 Months | As last reported |
| Maruti Venkata Subbarao Poluri | Irp/Rp/Liquidator | 11 Oct 2024 | 2 Years 0 Months | As last reported |
Auditor
Nandi Irrigation Systems Limited is audited by samkati & co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| samkati & co | FY 2023 | 024064S |
Shareholding
The shareholding of Nandi Irrigation Systems 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 Nandi Irrigation Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2010 | 10211796 | Others | ₹9.6 Cr | Open | |
| 22 Sep 2008 | 10127637 | Canara Bank | ₹7.6 Cr | Satisfied | |
| 29 Aug 2007 | 10067709 | Indian Overseas Bank | ₹5 Cr | Satisfied |
To see the full charge records of Nandi Irrigation Systems Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Nandi Irrigation Systems Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in August 2011.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: S.P.Y Reddy HUF Seller: an individual |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2008 | Funding round | ₹2.95 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nandi Irrigation Systems Limited has 1 court case on record: 1 filed by Nandi Irrigation Systems. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Rishabh Triexim LLP | Disposed |
To see the full case history of Nandi Irrigation Systems 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.
Credit ratings & regulatory alerts
Nandi Irrigation Systems Limited was last rated by Icra on 18 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Nov 2021 |
To see the full credit ratings and regulatory alerts of Nandi Irrigation Systems Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nandi Irrigation Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nandi Irrigation Systems Limited has a workforce of 224 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nandi Irrigation Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCN5790R1ZK | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nandi Irrigation Systems Limited, buy the company report.
Recent activity
Nandi Irrigation Systems Limited has 16 board changes on record since 2010: 4 appointments and 12 cessations. The latest: Maruti Venkata Subbarao Poluri was appointed as Irp/Rp/Liquidator on 11 Oct 2024.
13 earlier events are in the company report.
Frequently asked questions
Nandi Irrigation Systems is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Nandi Irrigation Systems is a company under insolvency, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 26 July 2007 and is registered under CIN U74999TG2007PLC054905. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nandi Irrigation Systems has 4 current directors:
- Vemuri Ram Raj - Additional Director
- Aravinda Rani Vemuri - Director
- Sajjala Siddharth Reddy - Additional Director
- Maruti Venkata Subbarao Poluri - Irp/Rp/Liquidator
The latest financial statements of Nandi Irrigation Systems on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nandi Irrigation Systems is U74999TG2007PLC054905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nandi Irrigation Systems has open charges of ₹9.6 Cr and satisfied charges of ₹12.6 Cr as per latest MCA filings.
Nandi Irrigation Systems has 1 court case on record: 1 filed by the company.
Nandi Irrigation Systems was incorporated on 26 July 2007. It is registered with the Registrar of Companies, Hyderabad.
Nandi Irrigation Systems has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in August 2011.
Maruti Venkata Subbarao Poluri was appointed as Irp/Rp/Liquidator on 11 Oct 2024. Aravinda Rani Vemuri was appointed as Director on 27 Mar 2023. Sajjala Sreekanth Reddy ceased to be Additional Director on 30 Sep 2022. Nandi Irrigation Systems has 16 board changes on record in total.