About Neco Holdings Private Limited
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Neco Holdings Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the investment banking and advisory segment of the financial services sector. It was incorporated on 12 July 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U65990MH1991PTC062471.
The company has an authorised share capital of ₹120 Cr and a paid-up capital of ₹116.36 Cr. It is led by directors Avneesh Jayaswal and Karishma Anand Jayaswal.
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 Plot No.65/2 Nildoh Digdoh MIDC Industrial Area, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.32 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.06 Lakh (net margin 97.2%) and EBITDA of ₹9.06 Lakh (EBITDA margin 97.2%). Revenue has grown at a compounded annual rate (CAGR) of 249% over three years and 116% over five years.
As per MCA filings, the company has open charges of ₹5,000 Cr and satisfied charges of ₹300 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 necoindia.com.
Company details
Contact details
Neco Holdings Private Limited's registered office is in Nagpur, Maharashtra. Its website is necoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.65/2 Nildoh Digdoh MIDC Industrial Area, Nagpur, Maharashtra, India – 440016
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Neco Holdings Private Limited, 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
Financials of Neco Holdings Private Limited
FY 2025 filings availableNeco Holdings Private Limited reported revenue of ₹9.32 Lakh (up 2489% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 116% over five years. EBITDA rose 104% 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 | ₹9.06 Lakh | ||||
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| Net Profit (PAT) | ₹9.06 Lakh | ||||
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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 | 97.2% | ||||
| Net Profit Margin | 97.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neco Holdings Private Limited, buy the company report.
Board of directors of Neco Holdings Private Limited
Neco Holdings has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avneesh Jayaswal Also directs: Jayaswal Neco Industries Limited, Neco Mining Company Private Limited, Bhilai Iron Foundry Private Limited and 5 more | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Karishma Anand Jayaswal Also directs: Central India Developers Private Limited, Neco Valves and Pumps Private Limited, Nagpur Agro and Food Processors Limited and 5 more | Director | 02 Mar 2007 | 19 Years 8 Months | Current |
Peer comparison
Neco Holdings Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Holding Company), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Malav Holdings Private Limited | ₹10.47 Lakh (FY 2016) | New Delhi, Delhi, India | ||||
| Saraswati Fiscal Private Limited | ₹10.39 Lakh (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Legris Holding India Private Limited | ₹10.23 Lakh (FY 2025) | -93.0% | Nagpur, Maharashtra, India | |||
| Chugh Holding Company Private Limited | ₹10.05 Lakh (FY 2025) | 42.0% | Delhi, India | |||
| Telama Investments Private Limited | ₹9.63 Lakh (FY 2025) | 844.0% | Bangalore, Karnataka, India | |||
| Neco Holdings Private Limitedthis company | ₹9.32 Lakh (FY 2025) | ₹9.06 Lakh | 97.2% | 2489.0% | Nagpur, Maharashtra, India | |
| Dave Leasing and Holdings Private Limited | ₹9.09 Lakh (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Connaught Capital Private Limited | ₹8.86 Lakh (FY 2025) | -93.0% | New Delhi, Delhi, India | |||
| Lajpat Holding Company Pvt Ltd | ₹8.81 Lakh (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Swadhan Holdings Private Limited | ₹8.27 Lakh (FY 2025) | 208.0% | Mumbai, Maharashtra, India | |||
| Asa Bhanu Holdings Limited | ₹8.08 Lakh (FY 2024) | 155188.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Neco Holdings Private Limited, buy the company report.
Auditor
Neco Holdings Private Limited is audited by AGRAWAL CHHALLANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL CHHALLANI & CO. | FY 2023 | 100125W |
Shareholding
The shareholding of Neco Holdings Private Limited 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neco Holdings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2025 | 101211668 | Others | ₹1,800 Cr | Open | |
| 30 Apr 2025 | 101089934 | Others | ₹3,200 Cr | Open | |
| 06 Apr 2015 | 10563643 | Punjab National Bank | ₹300 Cr | Satisfied |
To see the full charge records of Neco Holdings Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Neco Holdings Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neco Holdings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Neco Holdings has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Neco Holdings Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Neco Holdings Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Avneesh Jayaswal ceased to be Additional Director on 25 Sep 2015.
1 earlier event is in the company report.
News
Frequently asked questions
Neco Holdings is an active private limited company based in Nagpur, Maharashtra, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 12 July 1991 (35+ years old) and is registered under CIN U65990MH1991PTC062471.
Neco Holdings has 2 current directors:
- Avneesh Jayaswal - Director
- Karishma Anand Jayaswal - Director
The latest financial statements of Neco Holdings 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 CIN (Corporate Identification Number) of Neco Holdings is U65990MH1991PTC062471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neco Holdings was incorporated on 12 July 1991, making it 35+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Neco Holdings by revenue are Malav Holdings Private Limited, Saraswati Fiscal Private Limited, Legris Holding India Private Limited, Chugh Holding Company Private Limited, Telama Investments Private Limited and 5 more, all in the BFSI industry (Holding Company).
Avneesh Jayaswal ceased to be Additional Director on 25 Sep 2015. Basant Lal Shaw ceased to be Director on 31 Mar 2015. Ramesh Jayaswal ceased to be Director on 31 Mar 2015. Neco Holdings has 6 board changes on record in total.
Neco Holdings can be reached through the website necoindia.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Neco Holdings is at Plot No.652 Nildoh Digdoh MIDC Industrial Area, Nagpur, Maharashtra, India – 440016.
Neco Holdings operates in the financial services industry, in the investment banking and advisory segment.
Neco Holdings has open charges of ₹5,000 Cr and satisfied charges of ₹300 Cr as per latest MCA filings.
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