About Neco Industries Limited
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Neco Industries Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 28 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65191MH1991PLC060014. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh. It was formerly known as Jayaswal Neco Power Holding Company Limited. It is led by directors including Anil Kumar Gupta and Basant Lal Shaw.
Its last annual general meeting (AGM) was held on 26 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 2024, the company reported a revenue of ₹18,000, a growth of 29% compared to the previous year. For the same year it recorded a net loss of ₹13,530 (net margin -75.2%) and EBITDA of -₹13,530 (EBITDA margin -75.2%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 2% over five years.
Court records list 36 cases involving the company, including 14 filed by the company and 23 filed against it; 5 cases are pending.
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
CIN history
Neco Industries has one previous CIN (Corporate Identification Number): U29140MH1991PLC060014. The current CIN is U65191MH1991PLC060014, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191MH1991PLC060014 | Current |
| U29140MH1991PLC060014 | Previous |
Contact details
Neco Industries 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
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Neco Industries 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 Industries Limited
FY 2025 filings availableNeco Industries Limited reported revenue of ₹18,000 (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 29% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 488% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹13,530 | ||||
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| Net Profit (PAT) | -₹13,530 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -75.2% | ||||
| Net Profit Margin | -75.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neco Industries Limited, buy the company report.
Board of directors of Neco Industries Limited
Neco Industries has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Gupta | Director | 10 Apr 2018 | 8 Years 6 Months | Current |
| Basant Lal Shaw | Director | 24 Sep 1997 | 29 Years 1 Months | Current |
| Avneesh Jayaswal Also directs: Central India Developers Private Limited, Neco Ceramics Limited, Jayaswal Neco Industries Limited and 5 more | Director | 05 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Neco Industries Limited is compared with the 10 companies closest to it by revenue in the Consumer Durables industry (Furniture Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swanwell Private Limited | ₹22,000 (FY 2025) | -100.0% | Delhi, India | |||
| Shri Es Es Enterprises Pvt Ltd | ₹21,255 (FY 2023) | -89.0% | Ahmedabad, Gujarat, India | |||
| Gucca Italia Private Limited | ₹21,000 (FY 2024) | -27.0% | Hyderabad, Telangana, India | |||
| Homestyle Solutions Private Limited | ₹20,246 (FY 2024) | -91.0% | Bareilly, Uttar Pradesh, India | |||
| Satyug Commosale Private Limited | ₹18,020 (FY 2025) | 258.0% | Kolkata, West Bengal, India | |||
| Neco Industries Limitedthis company | ₹18,000 (FY 2024) | -₹13,530 | -75.2% | 29.0% | Nagpur, Maharashtra, India | |
| Cypher Corp Private Limited | ₹18,000 (FY 2023) | -97.0% | Pune, Maharashtra, India | |||
| Recro Furniture Private Limited | ₹17,683 (FY 2025) | -100.0% | Patna, Bihar, India | |||
| Ergomint Solutions Private Limited | ₹17,628 (FY 2022) | -99.0% | New Delhi, Delhi, India | |||
| S.V.Interior Industries Private Limited | ₹16,650 (FY 2025) | Nagar, Hyderabad- 500 038, Telangana, India | ||||
| Chakratech Services Private Limited | ₹16,078 (FY 2024) | -97.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Neco Industries Limited, buy the company report.
Auditor
Neco Industries 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 Industries 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 Industries Limited, buy the company report.
Legal cases
Neco Industries Limited has 36 court cases on record: 14 filed by Neco Industries, 23 filed against it. 5 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 16 | 1 |
| District courts | 13 | 6 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against BM Sanitations Pvt. Ltd. and 2 others | Pending |
| District court, Raipur, Chhattisgarh | Court case (COMPLAINT CASES) | Filed by the company against M/S Balls and Cylpebs Ltd. and Other and 1 other | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against M/S. Reom Infrastructure and Construction Ltd. and Oth. and 4 others | Pending |
| High Court, CHHATTISGARH | Court case (MCC) | Filed against the company by M/S Sarda Energy and Minerals Limited | Disposed |
| High Court | Court case (WPL) | Filed against the company by Factory Manager, Jaiswal Neco Industries Ltd. | Disposed |
To see the full case history of Neco Industries 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
No delayed payments to MSME suppliers are on our record for Neco Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neco Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Neco Industries Limited, buy the company report.
Recent activity
Neco Industries Limited has 9 board changes on record since 1997: 3 appointments and 6 cessations. The latest: Anil Kumar Gupta ceased to be Additional Director on 27 Sep 2018.
News
Frequently asked questions
Neco Industries is an active public limited company based in Nagpur, Maharashtra, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 28 January 1991 (35+ years old) and is registered under CIN U65191MH1991PLC060014.
Neco Industries has 3 current directors:
- Anil Kumar Gupta - Director
- Basant Lal Shaw - Director
- Avneesh Jayaswal - Director
The latest financial statements of Neco Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
No. Neco Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Neco Industries is U65191MH1991PLC060014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neco Industries has 36 court cases on record: 14 filed by the company and 23 filed against it. 5 are pending. Most are in the high courts.
Neco Industries was incorporated on 28 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neco Industries by revenue are Swanwell Private Limited, Shri Es Es Enterprises Pvt Ltd, Gucca Italia Private Limited, Homestyle Solutions Private Limited, Satyug Commosale Private Limited and 5 more, all in the Consumer Durables industry (Furniture Retail and Distribution).
Anil Kumar Gupta ceased to be Additional Director on 27 Sep 2018. Anil Kumar Gupta was appointed as Director on 10 Apr 2018. Susanta Kumar Moitra ceased to be Director on 10 Apr 2018. Neco Industries has 9 board changes on record in total.
Neco Industries can be reached through the website necoindia.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Neco Industries is at Plot No.652 Nildoh Digdoh MIDC Industrial Area, Nagpur, Maharashtra, India – 440016.