Neco Heavy Engineering And Castings Private Limited - Company Profile

It is a engineering private limited company based in Nagpur, Maharashtra, India, established in 1987.

1987 Nagpur, Maharashtra, India Active

Last Updated: December 27, 2025

About Neco Heavy Engineering And Castings Private Limited

Neco Heavy Engineering And Castings Private Limited, a active private limited company, was established on 27 November 1987 in Nagpur, Maharashtra, India. Engaging in metal foundry & fabrication services within the manufacturing sector, it holds CIN: U27300MH1987PTC045436. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹3.70 Cr.

Formerly known as Neco Castings Pvt Ltd, Neco Castings Ltd. It upholds a compliant status. Employing 62 professional, Its leadership includes Arvindkumar Jayaswal (Director), Ramesh Jayaswal (Director), Om Patel Prakash (Whole-Time Director). Past directors included Basant Lal Shaw, Awadh Bihari Pandey, Om Patel Prakash. It holds ₹28.82 Cr open charges and ₹41.35 Cr settled loans. Its latest AGM occurred on 26 August 2024, with the balance sheet filed on 31 March 2024. It is based at Plot No.65/2 Nildoh Digdoh Midc Area, Nagpur, Maharashtra, 440016.

Company Details

CIN/LLPIN
U27300MH1987PTC045436
Registration Number
045436
Incorporation Date
27 November 1987
Authorized Capital
₹5.00 Cr
Paid-Up Capital
₹3.70 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 5.00 Cr as on 27-12-2025
Paid Up Capital ₹ 3.70 Cr as on 27-12-2025
Company Age 38 Year, 3 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 28.82 Cr as on 27-12-2025
Satisfied Charges ₹ 41.35 Cr as on 27-12-2025
Revenue Growth **** 51.73% (FY 2023)
Profit Growth **** 112.09% (FY 2023)
Ebitda **** 493.95% (FY 2023)
Net Worth 8.28% (FY 2023)
Total Assets **** 3.03% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Neco Heavy Engineering And Castings Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Neco Heavy Engineering And Castings Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Arvindkumar Jayaswal	Director	12 Apr 2007	Current
Ramesh Jayaswal	Director	12 Apr 2007	Current
Om Patel Prakash	Whole-Time Director	18 Feb 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	11 Dec 2014	Past
Pramod Abcsdd	Director	01 Jul 2020	Past
Pramod Abcsdd	Whole-Time Director	25 Sep 2023	Past
Pramod Abcsdd	Director	10 Apr 2007	Past
Pramod Abcsdd	Director	04 May 2008	Past
Pramod Abcsdd	Whole-Time Director	09 May 2009	Past

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Financial Performance of Neco Heavy Engineering And Castings.

Neco Heavy Engineering And Castings Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.73% increase. The company also saw a substantial improvement in profitability, with a 112.09% increase in profit. The company's net worth moved up by a moderate rise of 8.28%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

51.73%

*******

Revenue from Operations

*******

51.05%

*******

Total Assets

*******

3.03%

*******

Profit or Loss

*******

112.09%

*******

Net Worth

*******

8.28%

*******

EBITDA

*******

493.95%

*******

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What is the Ownership and Shareholding Structure of Neco Heavy Engineering And Castings?

In 2023, Neco Heavy Engineering And Castings had a public holding of 42.22%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹288,200,000.00

Satisfied Charges

₹413,484,674.00

Charges Breakdown by Lending Institutions

State Bank Of India : 28.13 Cr
The State Industrial And Investment Corportionh Of Maharastr : 0.45 Cr
Bank Of Maharashtra : 0.24 Cr

Latest Charge Details

Date	Lender	Amount	Status
21 May 2022	State Bank Of India	₹1.13 Cr	Open
05 Sep 2007	State Bank Of India	₹13.50 Cr	Open
28 Dec 1995	State Bank Of India	₹13.50 Cr	Open
11 Jan 1985	Bank Of Maharashtra	₹2.40 M	Open
28 Feb 1984	The State Industrial And Investment Corportionh Of Maharastr	₹4.50 M	Open

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How Many Employees Work at Neco Heavy Engineering And Castings?

Neco Heavy Engineering And Castings has a workforce of 62 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Neco Heavy Engineering And Castings, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Neco Heavy Engineering And Castings's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Neco Heavy Engineering And Castings

Recent Activity within the Organization

Charges

Progress on A charge registered on 23 Mar 2021 via Charge ID 100444237 with State Bank Of India was fully satisfied on 05 Mar 2025. was documented.
05 Mar 2025
Annual General Meeting

Progress on Neco Heavy Engineering And Castings Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records. was documented.
26 Aug 2024
Balance Sheet

Progress on Neco Heavy Engineering And Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.
31 Mar 2024
Director Appointment

Om Patel Prakash was appointed as a Whole-time director was appointed as a Whole-time director on 18 Feb 2023 & has been associated with this company since 3 years 12 days . was recorded as a recent event.
18 Feb 2023
Charges

A charge with State Bank Of India of Rs. 13.50 Cr registered on 05 Sep 2007 with Charge ID 10070856 was modified on 02 Jun 2022. was recorded as a recent event.
02 Jun 2022
Charges

Progress on A charge with State Bank Of India of Rs. 13.50 Cr registered on 28 Dec 1995 with Charge ID 90160878 was modified on 02 Jun 2022. was documented.
02 Jun 2022

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