About National Standard (India) Limited
Data last updated: 15 July 2026
National Standard (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Macrotech Developers Limited. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 20 August 1962, the company has been in operation for over 64 years.
Registered with ROC Mumbai under CIN L27109MH1962PLC265959. Listed on BSE: 504882.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. Formerly known as National - Standard Duncan Limited. It is led by directors including Kurian Lonappen Arimpur and Vinod Panalal Shah.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹20.42 Cr, a decline of 8.56% compared to the previous year. The net worth stands at ₹282 Cr (up 3.55% YoY). Total assets are valued at ₹284.87 Cr (up 2.78% YoY).
It operates as a subsidiary of Macrotech Developers Limited.
The company is associated with 1 brand - National Standard. As per MCA filings, the company has open charges of ₹530 Cr and satisfied charges of ₹239.33 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nsil.net.in.
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Registered Address412 Floor – 4 17G Vardhaman Chamber Cawasji Patel Road Horniman Circle For, T, Mumbai, Maharashtra, India – 400001
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of National Standard (India) Limited
National Standard (India) Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27109MH1962PLC265959, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27109MH1962PLC265959 | Current |
| U27109WB1962PLC025605 | Previous |
| L27109WB1962PLC025605 | Previous |
Associated Brands with National Standard (India) Limited
National Standard (India) Limited operates one associated brand: National Standard. These brands represent National Standard (India) Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Residential real estate development services are provided in Mumbai, India. | nsil.net.in |
Competitors & Alternatives of National Standard (India) Limited
Brands and companies operating in the same space as National Standard (India) Limited include Arkade, Puravankara, Shriram Properties and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Residential properties are developed by Arkade in Mumbai, India. | Mumbai, India, India | 1984 |
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Residential and commercial properties are developed across various segments. | Bengaluru, India, India | 1975 |
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Residential properties are developed in mid-market and affordable segments. | Bengaluru, India, India | 1995 |
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Provider of real estate and infrastructure developer services | Pune, India, India | 1993 |
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Residential buildings are developed by Panchshil in Pune, India. | Pune, India, India | 2002 |
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Residential properties are developed for aspirational home ownership. | Bengaluru, India, India | 2008 |
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Residential real estate properties are developed by Alliance Infrastructure. | Chennai, India, India | 2004 |
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Developer of residential real estate projects | Bengaluru, India, India | 2009 |
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Diversified operations across multiple industries are managed by Jaypee Group. | Noida, India, India | 1958 |
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Leading real estate developer in India, offering lifestyle homes for sale. | Mumbai, India, India | 1984 |
Business Activity of National Standard (India) Limited
National Standard (India) Limited is engaged in the principal business activity of construction, with detailed activities including buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details for National Standard (India) Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of National Standard (India) Limited
National Standard (India) Limited is audited by MSKA & Associates LLP (Formerly known as MSKA & Associates, Chartered Accountants) (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| MSKA & Associates LLP (Formerly known as MSKA & Associates, Chartered Accountants) (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of National Standard (India) Limited
National Standard (India) Limited is currently managed by 6 directors, with 43 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Kurian Lonappen Arimpur
Also directs:
National Standard (India) Limited
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Director | 12 Nov 2018 | 7 Years 8 Months | Current |
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Vinod Panalal Shah
Also directs:
Payvin Services Limited Liability Partnership, C View Trading Llp, National Standard (India) Limited and 3 more
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Director | 20 Jul 2021 | 5 Years 0 Months | Current |
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Bhushan Vipinchandra Shah
Also directs:
National Standard (India) Limited
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Director | 06 Jul 2016 | 10 Years 0 Months | Current |
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Prakash Lavji Vaghela
Also directs:
National Standard (India) Limited, Svp Global Textiles Limited, Diligent Media Corporation Limited and 5 more
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Director | 09 Feb 2018 | 8 Years 5 Months | Current |
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Ritika Bhalla
Also directs:
National Standard (India) Limited, Harvard Global Services India Llp, Sanathnagar Enterprises Limited and 2 more
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Director | 12 Jul 2022 | 4 Years 0 Months | Current |
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Ravi Liladhar Dodhia
Also directs:
National Standard (India) Limited
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Director | 12 Jul 2023 | 3 Years 0 Months | Current |
Financials of National Standard (India) Limited FY 2026 filings available
National Standard (India) Limited reported revenue of ₹20.42 Cr (down 8.56% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹20.42 Cr | ₹22.33 Cr | ₹21.37 Cr | ₹17.35 Cr | ₹25.46 Cr | ₹16.86 Cr | ₹5.39 Cr | ₹13.82 Cr |
| Other Income | ₹19.54 Cr | ₹18.13 Cr | ₹16.52 Cr | ₹10.58 Cr | ₹19.39 Cr | ₹14.51 Cr | ₹9.46 Cr | ₹11.25 Cr |
| Total Income | ₹39.96 Cr | ₹40.46 Cr | ₹37.89 Cr | ₹27.92 Cr | ₹44.85 Cr | ₹31.37 Cr | ₹14.85 Cr | ₹25.07 Cr |
| Cost of Materials Consumed | ₹20.2 Cr | ₹19.93 Cr | ₹16.91 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹13.1 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹12.37 Cr | ₹8.65 Cr | ₹11.7 Cr | ₹83.11 Lakh | ₹0 |
| Employee Benefit Expense | ₹12.72 Lakh | ₹8.74 Lakh | ₹9.67 Lakh | ₹12.12 Lakh | ₹10.68 Lakh | ₹5.91 Lakh | ₹6.81 Lakh | ₹1.54 Cr |
| Finance Costs | ₹0 | ₹0 | ₹9,000 | ₹5.1 Lakh | ₹7.8 Lakh | ₹21.14 Lakh | ₹13.21 Lakh | ₹28.96 Lakh |
| Depreciation & Amortisation | ₹0 | ₹1.77 Lakh | ₹39,000 | ₹48,000 | ₹11.69 Lakh | ₹24.16 Lakh | ₹22.84 Lakh | ₹2.37 Lakh |
| Other Expenses | ₹6.35 Cr | ₹2.16 Cr | ₹93.47 Lakh | ₹3.36 Cr | ₹1.98 Cr | ₹3.4 Cr | ₹5.3 Cr | ₹4.11 Cr |
| Total Expenses | ₹26.68 Cr | ₹22.19 Cr | ₹17.95 Cr | ₹15.9 Cr | ₹10.93 Cr | ₹15.62 Cr | ₹6.56 Cr | ₹19.06 Cr |
| Profit Before Exceptional Items & Tax | ₹13.28 Cr | ₹18.27 Cr | ₹19.95 Cr | ₹12.02 Cr | ₹33.92 Cr | ₹15.75 Cr | ₹8.29 Cr | ₹6.01 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹13.28 Cr | ₹18.27 Cr | ₹19.95 Cr | ₹12.02 Cr | ₹33.92 Cr | ₹15.75 Cr | ₹8.29 Cr | ₹6.01 Cr |
| Total Tax Expense | ₹3.62 Cr | ₹5.07 Cr | ₹5.21 Cr | ₹3.77 Cr | ₹9.31 Cr | ₹4.7 Cr | ₹1.76 Cr | ₹1.25 Cr |
| Net Profit | ₹9.66 Cr | ₹13.2 Cr | ₹14.74 Cr | ₹8.25 Cr | ₹24.61 Cr | ₹11.05 Cr | ₹6.53 Cr | ₹4.76 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹9.66 Cr | ₹13.2 Cr | ₹14.74 Cr | ₹8.25 Cr | ₹24.61 Cr | ₹11.05 Cr | ₹6.53 Cr | ₹4.76 Cr |
| EBITDA (computed) | ₹13.28 Cr | ₹18.29 Cr | ₹19.95 Cr | ₹12.07 Cr | ₹34.11 Cr | ₹16.2 Cr | ₹8.65 Cr | ₹6.32 Cr |
| Basic EPS | ₹4.83 | ₹0.00 | ₹7.37 | ₹4.12 | ₹12.30 | ₹5.53 | ₹3.26 | ₹2.38 |
| Diluted EPS | ₹4.83 | ₹0.00 | ₹7.37 | ₹4.12 | ₹12.30 | ₹5.53 | ₹3.26 | ₹2.38 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹284.87 Cr | ₹277.15 Cr | ₹267.59 Cr | ₹253.45 Cr | ₹245.77 Cr | ₹227.28 Cr | ₹214.26 Cr | ₹209.09 Cr |
| Non-current Assets | ₹6.61 Cr | ₹6.92 Cr | ₹6.59 Cr | ₹5.58 Cr | ₹2.63 Cr | ₹10.44 Cr | ₹10.48 Cr | ₹12.32 Cr |
| Current Assets | ₹278.26 Cr | ₹270.24 Cr | ₹261 Cr | ₹247.86 Cr | ₹243.14 Cr | ₹216.84 Cr | ₹203.78 Cr | ₹196.77 Cr |
| Property, Plant & Equipment | ₹0 | ₹0 | ₹1.77 Lakh | ₹2.16 Lakh | ₹2.64 Lakh | ₹3.22 Lakh | ₹3.93 Lakh | ₹4.8 Lakh |
| Inventories | ₹0 | ₹0 | ₹1.62 Cr | ₹3.29 Cr | ₹5.67 Cr | ₹14.07 Cr | ₹16.72 Cr | ₹18.6 Cr |
| Trade Receivables | ₹2.36 Cr | ₹2.86 Cr | ₹1.1 Cr | ₹1.1 Cr | ₹16.51 Cr | ₹3.51 Cr | ₹4.96 Cr | ₹7.96 Cr |
| Cash & Equivalents | ₹11.72 Cr | ₹25.77 Lakh | ₹1.02 Cr | ₹1.04 Cr | ₹1.97 Cr | ₹63.94 Lakh | ₹2.52 Cr | ₹1.01 Cr |
| Equity (Net Worth) | ₹282 Cr | ₹272.34 Cr | ₹259.14 Cr | ₹244.4 Cr | ₹236.15 Cr | ₹211.54 Cr | ₹200.49 Cr | ₹193.96 Cr |
| Equity Share Capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹2.87 Cr | ₹4.82 Cr | ₹8.45 Cr | ₹9.05 Cr | ₹9.62 Cr | ₹15.04 Cr | ₹12.5 Cr | ₹14.08 Cr |
| Total Liabilities | ₹2.87 Cr | ₹4.82 Cr | ₹8.45 Cr | ₹9.05 Cr | ₹9.62 Cr | ₹15.73 Cr | ₹13.77 Cr | ₹15.12 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹6.02 Cr | -₹8.26 Cr | -₹97.83 Lakh | ₹12.83 Cr | ₹2.89 Cr |
| Investing Cash Flow | ₹17.48 Cr | ₹7.5 Cr | ₹96.07 Lakh | -₹13.76 Cr | -₹1.56 Cr |
| Financing Cash Flow | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Capital Expenditure | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹6.02 Cr | -₹8.26 Cr | -₹97.83 Lakh | ₹12.83 Cr | ₹2.89 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹11.46 Cr | -₹76.28 Lakh | -₹1.76 Lakh | -₹93.01 Lakh | ₹1.33 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹3.17 Cr | ₹17.25 Cr | ₹0 | ₹2.81 Cr | ₹15.69 Cr | ₹3.8 Cr | ₹2.6 Lakh |
| Other Income | ₹4.64 Cr | ₹4.37 Cr | ₹6.19 Cr | ₹4.34 Cr | ₹5.01 Cr | ₹4.15 Cr | ₹4.37 Cr | ₹4.61 Cr |
| Total Income | ₹4.64 Cr | ₹7.54 Cr | ₹23.44 Cr | ₹4.34 Cr | ₹7.81 Cr | ₹19.84 Cr | ₹8.17 Cr | ₹4.64 Cr |
| Cost of Materials Consumed | ₹0 | ₹3.12 Cr | ₹17.08 Cr | ₹0 | ₹2.78 Cr | ₹15.54 Cr | ₹1.61 Cr | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.64 Lakh | ₹2.64 Lakh | ₹2.64 Lakh | ₹4.8 Lakh | ₹2.34 Lakh | ₹1.69 Lakh | ₹2.59 Lakh | ₹2.12 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.56 Lakh | ₹5,000 | ₹8,000 | ₹8,000 |
| Other Expenses | ₹2.97 Cr | ₹7.98 Lakh | ₹50.18 Lakh | ₹2.8 Cr | ₹10.89 Lakh | ₹1.11 Cr | ₹12.08 Lakh | ₹82.1 Lakh |
| Total Expenses | ₹2.99 Cr | ₹3.23 Cr | ₹17.61 Cr | ₹2.85 Cr | ₹2.93 Cr | ₹16.66 Cr | ₹1.76 Cr | ₹84.3 Lakh |
| Profit Before Exceptional Items & Tax | ₹1.65 Cr | ₹4.31 Cr | ₹5.83 Cr | ₹1.49 Cr | ₹4.89 Cr | ₹3.18 Cr | ₹6.41 Cr | ₹3.79 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1.65 Cr | ₹4.31 Cr | ₹5.83 Cr | ₹1.49 Cr | ₹4.89 Cr | ₹3.18 Cr | ₹6.41 Cr | ₹3.79 Cr |
| Total Tax Expense | ₹48.88 Lakh | ₹1.06 Cr | ₹1.57 Cr | ₹50.01 Lakh | ₹1.29 Cr | ₹1.03 Cr | ₹1.61 Cr | ₹1.15 Cr |
| Net Profit | ₹1.16 Cr | ₹3.25 Cr | ₹4.26 Cr | ₹98.68 Lakh | ₹3.6 Cr | ₹2.15 Cr | ₹4.8 Cr | ₹2.64 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹1.16 Cr | ₹3.25 Cr | ₹4.26 Cr | ₹98.68 Lakh | ₹3.6 Cr | ₹2.15 Cr | ₹4.8 Cr | ₹2.64 Cr |
| EBITDA (computed) | ₹1.65 Cr | ₹4.31 Cr | ₹5.83 Cr | ₹1.49 Cr | ₹4.9 Cr | ₹3.18 Cr | ₹6.41 Cr | ₹3.79 Cr |
| Basic EPS | ₹0.58 | ₹1.63 | ₹2.13 | ₹0.49 | ₹0.00 | ₹1.08 | ₹2.40 | ₹1.32 |
| Diluted EPS | ₹0.58 | ₹1.63 | ₹2.13 | ₹0.49 | ₹0.00 | ₹1.08 | ₹2.40 | ₹1.32 |
Shareholding Pattern of National Standard (India) Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 73.94%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 26.06% of National Standard (India) Limited. The company had 2,847 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% | 73.94% |
| Public | 26.06% | 26.06% | 26.06% | 26.06% | 26.06% | 26.06% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 73.94% | 73.94% | 73.94% |
| Public | 26.06% | 26.06% | 26.06% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of National Standard (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2022 | Idbi Trusteeship Services Limited | ₹530 Cr | Open |
| 01 Feb 2012 | Housing Development Finance Corporation Limited | ₹225 Cr | Satisfied |
| 25 Jul 2008 | Yes Bank Limited | ₹9.33 Cr | Satisfied |
| 31 May 2000 | Bank of Bahrain & Kuwait B.S.C | ₹1 Cr | Satisfied |
| 31 May 2000 | Bank of Bahrain & Kuwait B.S.C | ₹4 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at National Standard (India) Limited
View historical data on people associated with National Standard (India) Limited, including employment history and EPFO contributions.
Employee and EPFO history for National Standard (India) Limited
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GST Compliance of National Standard (India) Limited
GST registrations and filing compliance for National Standard (India) Limited
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Credit Ratings, Litigation & Regulatory Alerts for National Standard (India) Limited
Credit ratings, litigation, and regulatory alerts for National Standard (India) Limited
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MSME Payment Delays by National Standard (India) Limited
MSME payment history for National Standard (India) Limited
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Subsidiaries & Group Companies of National Standard (India) Limited
Corporate group structure for National Standard (India) Limited
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MCA Filings & Documents of National Standard (India) Limited
MCA filings and documents for National Standard (India) Limited
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Recent Activity on National Standard (India) Limited
Recent News on National Standard (India) Limited
Frequently Asked Questions about National Standard (India) Limited
National Standard (India) Limited is an active public limited company in the real estate and construction sector based in Mumbai, Maharashtra, India. It was incorporated on 20 August 1962 (64+ years old) and is registered under CIN L27109MH1962PLC265959. Listed on BSE: 504882.
National Standard (India) Limited reported revenue of ₹20.42 Cr for FY 2026 (down 8.56% YoY) based on standalone BSE filings.
The current directors of National Standard (India) Limited are:
- Kurian Lonappen Arimpur - Director
- Vinod Panalal Shah - Director
- Bhushan Vipinchandra Shah - Director
- Prakash Lavji Vaghela - Director
- Ritika Bhalla - Director
- Ravi Liladhar Dodhia - Director
The primary industry of National Standard (India) Limited is real estate and construction. The company specifically operates in real estate builders and developers. The company is currently active in this sector.
Yes. National Standard (India) Limited is listed on BSE with code 504882.
National Standard (India) Limited can be reached at the registered office: 412 Floor – 4 17G Vardhaman Chamber Cawasji Patel Road Horniman Circle For, T, Mumbai, Maharashtra, India – 400001, or through the website nsil.net.in.