About Narmada Clean Tech
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Narmada Clean Tech is a public not for profit company based in Ankleshwar, Gujarat, India, a subsidiary of Gujarat Industrial Development Corporation. It operates in the water treatment segment of the environmental services sector. It was incorporated on 24 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40101GJ2000NPL037236. Its GSTIN is 24AABCB4070D1ZA (Gujarat).
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹85.57 Cr. It was formerly known as Narmada Clean Tech Limited and Bharuch Eco-Aqua Infrastructure Limited. It is led by directors including Ashok Amarlal Panjwani and Bal Krishan Choudhary.
Its last annual general meeting (AGM) was held on 30 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Surti Bhagor Nr.Gujarat Gas Office Umarwada Road, Ankleshwar, Gujarat, India – 393001.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.72 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹3 Cr (net margin 3.6%) and EBITDA of ₹23.78 Cr (EBITDA margin 28.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 85 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Narmada Clean Tech. As per MCA filings, the company has open charges of ₹27 Cr and satisfied charges of ₹68 Cr on record. Court records list 44 cases involving the company, including 13 filed by the company and 31 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nctc.co.in.
Company details
Name history
Narmada Clean Tech has undergone 2 name changes throughout its history. The company was previously known as Narmada Clean Tech Limited, and Bharuch Eco-Aqua Infrastructure Limited. The current legal name is Narmada Clean Tech.
| Company Name | Status |
|---|---|
| Narmada Clean Tech | Current |
| Narmada Clean Tech Limited | Previous |
| Bharuch Eco-Aqua Infrastructure Limited | Previous |
CIN history
Narmada Clean Tech has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40101GJ2000NPL037236, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40101GJ2000NPL037236 | Current |
| U99999GJ2000PLC037236 | Previous |
| U99999GJ2000NPL037236 | Previous |
Contact details
Narmada Clean Tech's registered office is in Ankleshwar, Gujarat. Its website is nctc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurti Bhagor Nr.Gujarat Gas Office Umarwada Road, Ankleshwar, Gujarat, India – 393001
- IndustryEnvironment, Water Treatment
To see the full contact details of Narmada Clean Tech, 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
Brands
Narmada Clean Tech operates one associated brand: Narmada Clean Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive wastewater treatment services for effective environmental management. | nctc.co.in |
Business activity
The main business activity of Narmada Clean Tech is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Narmada Clean Tech, buy the company report.
Financials of Narmada Clean Tech
FY 2025 filings availableNarmada Clean Tech reported revenue of ₹83.72 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 6% growth in the latest year. EBITDA fell 1% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹23.78 Cr | ||||
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| Net Profit (PAT) | ₹3 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 28.4% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Narmada Clean Tech, buy the company report.
Board of directors of Narmada Clean Tech
Narmada Clean Tech has 14 current directors and 65 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Amarlal Panjwani Also directs: Kerala Enviro Infrastructure Limited, Shivalik Solid Waste Management Limited, Beil Infrastructure Limited and 3 more | Director | 05 Feb 2000 | 26 Years 8 Months | Current |
| Bal Krishan Choudhary Also directs: Vardhman Acrylics Limited | Director | 30 Oct 2002 | 24 Years 0 Months | Current |
| Ravi Brijmohan Kapoor | Director | 05 Dec 2008 | 17 Years 10 Months | Current |
| Bharatkumar Popatlal Jain | Director | 29 Mar 2008 | 18 Years 7 Months | Current |
| Anurag Ashok Kandya | Nominee Director | 14 Aug 2021 | 5 Years 2 Months | Current |
| Reshma Lalbihari Patel | Nominee Director | 14 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Narmada Clean Tech is audited by BELA MEHTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BELA MEHTA & ASSOCIATES | FY 2023 | 101073W |
Shareholding
The shareholding of Narmada Clean Tech 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 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Narmada Clean Tech, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2021 | 100426379 | Hdfc Bank Limited | ₹27 Cr | Open | |
| 27 Sep 2013 | 10454274 | Bank of Baroda | ₹15 Cr | Satisfied | |
| 13 Aug 2009 | 10177981 | Bank of Baroda | ₹2.5 Cr | Satisfied | |
| 23 Jul 2004 | 80055909 | Bank of Baroda | ₹26.5 Cr | Satisfied | |
| 23 Jul 2004 | 80062699 | Infrastructure Development Finance Co.Ltd | ₹24 Cr | Satisfied |
To see the full charge records of Narmada Clean Tech, buy the company report.
Total charge records: 5 View all charges
Legal cases
Narmada Clean Tech has 44 court cases on record: 13 filed by Narmada Clean Tech, 31 filed against it. 7 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 18 | 4 |
| District courts | 12 | 12 | 3 |
| NCLAT | 5 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Tagros Chemicals India Private Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Heubach Colour Pvt. Limited (Unit 1, 2 and and 1 other | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against Balaji Fiber Reinforce Pvt Ltd and 1 other | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by M/S Enviro Technology Limited | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Merchem Limited | Disposed |
To see the full case history of Narmada Clean Tech, 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 Narmada Clean Tech; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Narmada Clean Tech has a workforce of 85 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Narmada Clean Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCB4070D1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Narmada Clean Tech, buy the company report.
Recent activity
Narmada Clean Tech has 128 board changes on record since 2000: 71 appointments and 57 cessations. The latest: Shyam Suresh Bodhankar ceased to be CFO on 31 Oct 2025.
131 earlier events are in the company report.
Frequently asked questions
Narmada Clean Tech is an active public not for profit company based in Ankleshwar, Gujarat, India. The company works in water treatment, within the environment industry. It was incorporated on 24 January 2000 (26+ years old) and is registered under CIN U40101GJ2000NPL037236.
Narmada Clean Tech has 14 current directors:
- Ashok Amarlal Panjwani - Director
- Bal Krishan Choudhary - Director
- Ravi Brijmohan Kapoor - Director
- Bharatkumar Popatlal Jain - Director
- Anurag Ashok Kandya - Nominee Director
- Reshma Lalbihari Patel - Nominee Director
- Chidambar Bipin Mehta - Nominee Director
- Baldevbhai Somdas Patel - Director
- Maheshkumar Jivanlal Patel - Nominee Director
- Vimalkant Ramjibhai Jethva - Nominee Director
- Hiralal Menat - Nominee Director
- Praveena Deverajan Kannan - Nominee Director
- Hardik Jayendrasinh Jadeja - Nominee Director
- Parth Ratilal Suthar - Nominee Director
The latest financial statements of Narmada Clean Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Narmada Clean Tech is 24AABCB4070D1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Narmada Clean Tech is U40101GJ2000NPL037236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narmada Clean Tech has 44 court cases on record: 13 filed by the company and 31 filed against it. 7 are pending. Most are in the high courts.
Narmada Clean Tech was incorporated on 24 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shyam Suresh Bodhankar ceased to be CFO on 31 Oct 2025. Hiralal Menat was appointed as Nominee Director on 30 Aug 2025. Vimalkant Ramjibhai Jethva was appointed as Nominee Director on 13 Aug 2025. Narmada Clean Tech has 128 board changes on record in total.
Narmada Clean Tech can be reached through the website nctc.co.in. Its registered office is in Ankleshwar, Gujarat, India.
The registered office of Narmada Clean Tech is at Surti Bhagor Nr.Gujarat Gas Office Umarwada Road, Ankleshwar, Gujarat, India – 393001.
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