Fortune MNC 500 India 2026 edition
Rank#307- Total income
- ₹1,653 Cr
- Profit
- ₹79 Cr
Last year #292
Nec Corporation India Private Limited - information technology in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1,015.2 Cr
▼ 38% YoY
Net profit · FY 2025
₹18.46 Cr
Net margin 1.8%
EBITDA · FY 2025
₹101.48 Cr
EBITDA margin 10%
Authorised capital
₹275.5 Cr
Registered with MCA
Paid-up capital
₹263.74 Cr
Issued & subscribed
Satisfied charges
₹3.32 Cr
No open charges
Company age
20 yrs
Est. 2006
Employees · EPFO
1,433
Provident fund records
About Nec Corporation India Private Limited
Data last updated:
Nec Corporation India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Nec Corporation. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 01 August 2006 and has been in existence for over 20 years.
Nec Corporation India is ranked #307 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2006FTC151472. Its GSTIN is 07AACCN3496J1Z4 (Delhi). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹275.5 Cr and a paid-up capital of ₹263.74 Cr. It was formerly known as Nec India Private Limited and Nec Technologies India Private Limited. It is led by directors including Ichiro Kurihara (Managing Director) and Arohan Massey (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 31 1st Floor Lajpat Nagar Part – II, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,015.2 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹18.46 Cr (net margin 1.8%) and EBITDA of ₹101.48 Cr (EBITDA margin 10%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
The company has about 1,433 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vara Technology. As per MCA filings, the company has satisfied charges of ₹3.32 Cr on record. Court records list 23 cases involving the company, including 15 filed by the company and 8 filed against it; 4 cases are pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹259.34 Cr; the latest was in July 2020. Its 5 peer companies in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 2 smaller; the largest is Birlasoft (India) Limited with revenue of ₹1,047.17 Cr. The company has 40 MSME Form 1 returns on record between 2018 and 2024, listing 3,981 overdue payments to 302 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website in.nec.com.
Company details
CIN U72300DL2006FTC151472
Registration Number 151472
Incorporation Date 01 August 2006
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Nec Corporation
Compliance Status Active Compliant
Name history
Nec Corporation India has undergone 3 name changes throughout its history. The company was previously known as Nec India Private Limited, Nec Technologies India Private Limited, and Nec Singapore Pte Ltd. The current legal name is Nec Corporation India Private Limited.
| Company Name | Status |
|---|---|
| Nec Corporation India Private Limited | Current |
| Nec India Private Limited | Previous |
| Nec Technologies India Private Limited | Previous |
| Nec Singapore Pte Ltd | Previous |
Key People
Ichiro Kurihara Managing Director Arohan Massey Whole-Time Director Mahesha Divakara Whole-Time Director Recognitions & Rankings of Nec Corporation India
Contact details
Nec Corporation India Private Limited's registered office is in New Delhi, Delhi. Its website is in.nec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 31 1st Floor Lajpat Nagar Part – II, New Delhi, Delhi, India – 110024
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
To see the full contact details of Nec Corporation India Private Limited, buy the company report.
Comprehensive company report
Nec Corporation India Private Limited - one report that includes everything
- 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
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Brands
Nec Corporation India operates one associated brand: Vara Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides tailored platforms in blockchain, cybersecurity, RFID, IoT, and 3D manufacturing solutions. | varatechnology.com |
Business activity
The main business activity of Nec Corporation India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Nec Corporation India Private Limited, buy the company report.
Financials of Nec Corporation India Private Limited
FY 2025 filings availableNec Corporation India Private Limited reported revenue of ₹1,015.2 Cr (down 38% YoY) for FY 2025.
Revenue · FY 2025
₹1,015.2 Cr ▼ 38%
Net profit · FY 2025
₹18.46 Cr margin 1.8%
EBITDA · FY 2025
₹101.48 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 9%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 20%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 38% fall in the latest year. EBITDA fell 31% 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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| Total Expenses | |||||
| EBITDA | ₹101.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.46 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nec Corporation India Private Limited, buy the company report.
Board of directors of Nec Corporation India Private Limited
Nec Corporation India has 14 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eiji Takei | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Koichiro Moroishi | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Arihiko Yamazaki | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Mitsuhiro Murooka | Director | 06 Jun 2022 | 4 Years 4 Months | Current |
| Dibyalochan Ojha | Additional Director | 13 May 2026 | 0 Years 5 Months | Current |
| Arohan Massey | Whole-Time Director | 20 Sep 2024 | 2 Years 1 Months | Current |
Showing 6 of 14 current directors. View all directors
Peer comparison
Nec Corporation India Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Birlasoft (India) Limited | ₹1,047.17 Cr (FY 2018) | -7.0% | Mumbai, Maharashtra, India | |||
| Expleo Solutions Limited | ₹1,041 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| PDRS Multitrade Private Limited | ₹1,022.49 Cr (FY 2025) | 125.0% | Berhampur, Odisha, India | |||
| Nec Corporation India Private Limitedthis company | ₹1,015.2 Cr (FY 2025) | ₹18.46 Cr | 1.8% | -38.0% | 1,433 | New Delhi, Delhi, India |
| Nice Interactive Solutions India Private Limited | ₹974.93 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Parexel International (India) Private Limited | ₹967.02 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Nec Corporation India Private Limited, buy the company report.
Auditor
Nec Corporation India Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Nec Corporation India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nec Corporation India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹3.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2020 | 100333699 | Hdfc Bank Limited | ₹15.92 Lakh | Satisfied | |
| 15 Jul 2019 | 100279036 | Hdfc Bank Limited | ₹8.53 Lakh | Satisfied | |
| 21 May 2019 | 100269945 | Hdfc Bank Limited | ₹8.97 Lakh | Satisfied | |
| 28 Jan 2019 | 100243731 | Hdfc Bank Limited | ₹8.29 Lakh | Satisfied | |
| 29 Dec 2018 | 100237739 | Hdfc Bank Limited | ₹7.67 Lakh | Satisfied |
To see the full charge records of Nec Corporation India Private Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
Nec Corporation India Private Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹259.34 Cr; the latest was in July 2020.
Total deals
5
Funding rounds
5
Disclosed funding
₹259.34 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Funding round | ₹8.04 Cr | Investors: NEC Corporation Of America |
| Sep 2017 | Funding round | ₹110 Cr | Investors: NEC Corporation Limited, NEC Solution Innovators Limited |
| May 2012 | Funding round | ₹99.1 Cr | Investors: Nec Asia Pte Limited |
| Oct 2011 | Funding round | ₹16.2 Cr | Investors: Nec Asia Pte Limited |
| Apr 2008 | Funding round | ₹26 Cr | Investors: NEC Corporation Limited, Nec Asia Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nec Corporation India Private Limited has 23 court cases on record: 15 filed by Nec Corporation India, 8 filed against it. 4 cases are pending and 19 are disposed.
Total cases
23
Filed by the company
15
Filed against the company
8
Pending
4
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 2 | 2 |
| District courts | 4 | 4 | 1 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Original application | Filed by the company against Chennai Metro Rail Limited and 1 other | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Aveco Electronics Private Ltd | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by Directorate of Health Services | Pending |
| Supreme Court | Appeal | Filed against the company by M/S Plus91 Security Solutions | Pending |
To see the full case history of Nec Corporation India Private 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
Nec Corporation India Private Limited has 40 MSME Form 1 returns on record between 2018 and 2024, listing 3,981 overdue payments to 302 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 302)
To see the full MSME payment records of Nec Corporation India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nec Corporation India Private Limited has a workforce of 1,433 employees on its EPFO records as of Aug 21, 2025, across 1 active EPFO establishment.
Employee count
1,433
Active EPFO establishments
1
Employee growth
-18.81%
GST
Nec Corporation India has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
10
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCN3496J1Z4 | Delhi | Active | 01 Jul 2017 |
| 24AACCN3496J1Z8 | Gujarat | Active | 01 Jul 2017 |
| 27AACCN3496J1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 29AACCN3496J1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nec Corporation India Private Limited, buy the company report.
Recent activity
Nec Corporation India Private Limited has 47 board changes on record since 2007: 14 appointments and 33 cessations. The latest: Kaori Iwafuchi was appointed as Additional Director on 07 Jul 2026.
Appointed
Kaori Iwafuchi was appointed as Additional Director.
Appointed
Makoto Shirai was appointed as Additional Director.
Appointed
Yutaka Hashimoto was appointed as Additional Director.
Appointed
Christopher Richard Jackson was appointed as Additional Director.
Appointed
Dibyalochan Ojha was appointed as Additional Director.
Appointed
Ichiro Kurihara was appointed as Managing Director.
AGM
Nec Corporation India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Yasushi Tanabe was appointed as Director.
Filing
Nec Corporation India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Appointed
Mahesha Divakara was appointed as Whole-Time Director.
Appointed
Arohan Massey was appointed as Whole-Time Director.
Appointed
Tatsuya Oki was appointed as Director.
122 earlier events are in the company report.
Frequently asked questions
Nec Corporation India is an active foreign private limited company based in New Delhi, Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 01 August 2006 (20+ years old) and is registered under CIN U72300DL2006FTC151472.
Nec Corporation India has 14 current directors:
- Ichiro Kurihara - Managing Director
- Arohan Massey - Whole-Time Director
- Mahesha Divakara - Whole-Time Director
- Eiji Takei - Director
- Koichiro Moroishi - Director
- Arihiko Yamazaki - Director
- Mitsuhiro Murooka - Director
- Dibyalochan Ojha - Additional Director
- Tatsuya Oki - Director
- Yasushi Tanabe - Director
- Yutaka Hashimoto - Additional Director
- Christopher Richard Jackson - Additional Director
- Kaori Iwafuchi - Additional Director
- Makoto Shirai - Additional Director
The latest financial statements of Nec Corporation India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nec Corporation India is 07AACCN3496J1Z4, registered in Delhi. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCN3496J1Z8 (Gujarat), 27AACCN3496J1Z2 (Maharashtra), 29AACCN3496J1ZY (Karnataka).
The CIN (Corporate Identification Number) of Nec Corporation India is U72300DL2006FTC151472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nec Corporation India has 23 court cases on record: 15 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.
Nec Corporation India was incorporated on 01 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Nec Corporation India has 5 deals on record (5 funding rounds), with disclosed funding of ₹259.34 Cr; the latest was in July 2020.
The peers of Nec Corporation India by revenue are Birlasoft (India) Limited, Expleo Solutions Limited, PDRS Multitrade Private Limited, Nice Interactive Solutions India Private Limited, Parexel International (India) Private Limited, all in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution), with the same principal business activity (computer programming, consultancy and related activities).
Kaori Iwafuchi was appointed as Additional Director on 07 Jul 2026. Makoto Shirai was appointed as Additional Director on 07 Jul 2026. Yutaka Hashimoto was appointed as Additional Director on 07 Jul 2026. Nec Corporation India has 47 board changes on record in total.
Nec Corporation India has 40 MSME Form 1 returns on record between 2018 and 2024, listing 3,981 overdue payments to 302 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nec Corporation India can be reached through the website in.nec.com. Its registered office is in New Delhi, Delhi, India.
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