MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0059838
Neco Defence Systems Private Limited - aerospace, maritime and defense in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹37.39 Cr
▲ 271% YoY
Net loss · FY 2024
₹83.28 Lakh
Net margin -2.2%
EBITDA · FY 2024
₹50.2 Lakh
EBITDA margin 1.3%
Authorised capital
₹2.6 Cr
Registered with MCA
Paid-up capital
₹2.54 Cr
Issued & subscribed
Satisfied charges
₹1.5 Cr
No open charges
Company age
16 yrs
Est. 2010
Employees · EPFO
29
Provident fund records
About Neco Defence Systems Private Limited
Data last updated:
Neco Defence Systems Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the defence accessories and components segment of the aerospace, maritime and defence sector. It was incorporated on 18 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U75301MH2010PTC204477. Its GSTIN is 27AADCN3372J1ZA (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹2.6 Cr and a paid-up capital of ₹2.54 Cr. It was formerly known as Neco Defence Systems Limited. It is led by directors Anand Jayaswal and Siddharth Vijay Jaiswal.
Its last annual general meeting (AGM) was held on 08 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at T – 45 MIDC Industrial Area Hingna Road, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹83.28 Lakh (net margin -2.2%) and EBITDA of ₹50.2 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 50% over five years.
The company has about 29 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹1.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Neco Defence Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0059838). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website necodefence.com.
Company Details of Neco Defence Systems Private Limited
CIN U75301MH2010PTC204477
Registration Number 204477
Incorporation Date 18 June 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0059838
Name History of Neco Defence Systems Private Limited
Neco Defence Systems has undergone 2 name changes throughout its history. The company was previously known as Neco Defence Systems Private Limited, and Neco Defence Systems Limited. The current legal name is Neco Defence Systems Private Limited.
| Company Name | Status |
|---|---|
| Neco Defence Systems Private Limited | Current |
| Neco Defence Systems Limited | Previous |
CIN History of Neco Defence Systems Private Limited
Neco Defence Systems has one previous CIN (Corporate Identification Number): U75301MH2010PLC204477. The current CIN is U75301MH2010PTC204477, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U75301MH2010PTC204477 | Current |
| U75301MH2010PLC204477 | Previous |
Recognitions & Rankings of Neco Defence Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressT – 45 MIDC Industrial Area Hingna Road, Nagpur, Maharashtra, India – 440016
- IndustryAerospace, Maritime and Defense, Defence Accessories & Components
Comprehensive company report
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Business Activity of Neco Defence Systems Private Limited
The main business activities of Neco Defence Systems are trade and support service to organizations. In detail, this covers retail trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Neco Defence Systems Private Limited FY 2025 filings available
Neco Defence Systems Private Limited reported revenue of ₹37.39 Cr (up 271% YoY) for FY 2024.
Revenue · FY 2024
₹37.39 Cr ▲ 271%
Net loss · FY 2024
₹83.28 Lakh margin -2.2%
EBITDA · FY 2024
₹50.2 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR) of Neco Defence Systems Private Limited
Revenue CAGR growth
1 year
▲ 271%
3 years · compounded
▲ 53%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 14%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 271% growth in the latest year. EBITDA fell 44% 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 of Neco Defence Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹50.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹83.28 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Neco Defence Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neco Defence Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Neco Defence Systems Private Limited
Neco Defence Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Jayaswal Also directs: Jayaswal Neco Industries Limited, Neco Defence Munitions Private Limited, Neco Defence Atlantis India Private Limited and 5 more | Director | 18 Jun 2010 | 16 Years 4 Months | Current |
| Siddharth Vijay Jaiswal | Director | 06 Aug 2010 | 16 Years 2 Months | Current |
Peer Comparison of Neco Defence Systems Private Limited
Neco Defence Systems Private Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology, Defence Systems). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neometrix Defence Limited | ₹46.64 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Park Controls and Communications Private Limited | ₹46.51 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Bangalore, Karnataka, India |
| Enertech Engineering Pvt Ltd. | ₹38.55 Cr (FY 2024) | •••• | •••• | 71.0% | •••• | Hyderabad, Telangana, India |
| Reliance Defence Limited | ₹38.2 Cr (FY 2025) | •••• | •••• | 1067.0% | •••• | Mumbai, Maharashtra, India |
| Varisis Advanced Engineering Private Limited | ₹37.81 Cr (FY 2025) | •••• | •••• | 120.0% | •••• | Bangalore, Karnataka, India |
| Neco Defence Systems Private Limited this company | ₹37.39 Cr (FY 2024) | •••• | •••• | 271.0% | •••• | Nagpur, Maharashtra, India |
| Indrajaal Drone Defence India Private Limited | ₹37.34 Cr (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Kinetix Engineering Solutions Limited | ₹37.06 Cr (FY 2020) | •••• | •••• | 262.0% | •••• | Bangalore, Karnataka, India |
| Trinitech Infrastructure (India) Private Limited | ₹37.04 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Bharat Explosives Limited | ₹36.81 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Uttar Pradesh, India |
| Sai Defence Systems Private Limited | ₹32.11 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Neco Defence Systems by revenue in the Defence industry (Defence Products and Technology, Defence Systems), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Neco Defence Systems Private Limited
Neco Defence Systems Private Limited is audited by AGRAWAL CHHALLANI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGRAWAL CHHALLANI & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Neco Defence Systems Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Neco Defence Systems Private Limited
Open charges
None
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Apr 2019 | Axis Bank Limited | ₹1.5 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Neco Defence Systems Private Limited
Neco Defence Systems Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked on 21 Sep 2026.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Prama India Private Limited | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Rashi Peripherals Limited | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Neco Defence Systems Private Limited
Neco Defence Systems Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 49 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Uniline Energy Systems Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Geschaft Technologies | •••• | •••• | •••• |
| Standard Electricals | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Neco Defence Systems Private Limited
Neco Defence Systems Private Limited has a workforce of 29 employees as of Apr 09, 2024.
Employee count
29
Active EPFO establishments
1
Employee growth
70.59%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Neco Defence Systems Private Limited
Neco Defence Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Neco Desert Tech Defence Private Limited | U74990MH2016PTC273774 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Neco Defence Systems Private Limited
Neco Defence Systems Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Awadh Bihari Pandey ceased to be Director on 19 Jul 2022.
AGM
Neco Defence Systems Private Limited last Annual general meeting of members was held on 08 Nov 2025 as per latest MCA records.
Filing
Neco Defence Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Awadh Bihari Pandey ceased to be Director.
Ceased
Donepudi Prabhakara Sarma ceased to be Director.
Charges
A charge registered on 04 Apr 2019 via Charge ID 100256113 with Axis Bank Limited was fully satisfied on 02 Nov 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100256113 was registered on 04 Apr 2019.
Ceased
Ritika Ramesh Jayaswal ceased to be Director.
Ceased
Avneesh Jayaswal ceased to be Director.
Appointed
Siddharth Vijay Jaiswal was appointed as Director.
Appointed
Anand Jayaswal was appointed as Director.
Incorporation
18 Jun 2010
Neco Defence Systems Private Limited was registered on 18 Jun 2010 with Roc Mumbai & aged 16 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Neco Defence Systems Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Neco Defence Systems Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Neco Defence Systems Private Limited
Neco Defence Systems has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCN3372J1ZA | Maharashtra | Active | 01 Jul 2017 |
| 01AADCN3372J1ZO | Jammu and Kashmir | Active | 08 Jul 2017 |
| 22AADCN3372J1ZK | Chattisgarh | Active | 16 Aug 2021 |
| 06AADCN3372J1ZE | Haryana | Active | 25 Feb 2023 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Neco Defence Systems Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Neco Defence Systems Private Limited
Neco Defence Systems is an active private limited company based in Nagpur, Maharashtra, India. The company works in defence accessories and components, within the aerospace, maritime and defense industry. It was incorporated on 18 June 2010 (16+ years old) and is registered under CIN U75301MH2010PTC204477.
Neco Defence Systems reported revenue of ₹37.39 Cr for FY 2024 (up 271% YoY).
Neco Defence Systems has 2 current directors:
- Anand Jayaswal - Director
- Siddharth Vijay Jaiswal - Director
Neco Defence Systems reported a net loss of ₹83.28 Lakh (net margin -2.2%) and EBITDA of ₹50.2 Lakh (EBITDA margin 1.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neco Defence Systems is 53% over three years and 50% over five years. In the latest year (FY 2024) revenue rose 271%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neco Defence Systems is 27AADCN3372J1ZA, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 01AADCN3372J1ZO (Jammu and Kashmir), 22AADCN3372J1ZK (Chattisgarh), 06AADCN3372J1ZE (Haryana).
The CIN (Corporate Identification Number) of Neco Defence Systems is U75301MH2010PTC204477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neco Defence Systems has 2 court cases on record: 2 filed against it.
Neco Defence Systems was incorporated on 18 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neco Defence Systems by revenue are Neometrix Defence Limited, Park Controls and Communications Private Limited, Enertech Engineering Pvt Ltd, Reliance Defence Limited, Varisis Advanced Engineering Private Limited and 5 more, all in the Defence industry (Defence Products and Technology, Defence Systems).
Awadh Bihari Pandey ceased to be Director on 19 Jul 2022. Donepudi Prabhakara Sarma ceased to be Director on 15 Jul 2020. Ritika Ramesh Jayaswal ceased to be Director on 25 Jul 2015. Neco Defence Systems has 6 board changes on record in total.
Yes, Neco Defence Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0059838).