MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-20-0045627
Neco Mining Company Private Limited - agriculture in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹176.02 Cr
▲ 366% YoY
Net profit · FY 2023
₹30.95 Cr
Net margin 17.6%
EBITDA · FY 2023
₹45.61 Cr
EBITDA margin 25.9%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Company age
16 yrs
Est. 2010
Employees · EPFO
72
Provident fund records
Directors on board
4
As per MCA filings
About Neco Mining Company Private Limited
Data last updated:
Neco Mining Company Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 01 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U10100MH2010PTC205101. Its GSTIN is 22AADCN3358G1ZP (Chattisgarh).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Neco Mining Company Limited. It is led by directors including Pramod Kumar Chaudhary (Whole-Time Director) and Avneesh Jayaswal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. 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 2023, the company reported a revenue of ₹176.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹30.95 Cr (net margin 17.6%) and EBITDA of ₹45.61 Cr (EBITDA margin 25.9%). Revenue has grown at a compounded annual rate (CAGR) of 933% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Neco India.
Neco Mining Company Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0045627). 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 U10100MH2010PTC205101
Registration Number 205101
Incorporation Date 01 July 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-20-0045627
Name history
Neco Mining Company has undergone 2 name changes throughout its history. The company was previously known as Neco Mining Company Limited, and Neco Mining Company Private Limited. The current legal name is Neco Mining Company Private Limited.
| Company Name | Status |
|---|---|
| Neco Mining Company Private Limited | Current |
| Neco Mining Company Limited | Previous |
CIN history
Neco Mining Company has one previous CIN (Corporate Identification Number): U10100MH2010PLC205101. The current CIN is U10100MH2010PTC205101, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10100MH2010PTC205101 | Current |
| U10100MH2010PLC205101 | Previous |
Key People
Pramod Kumar Chaudhary Whole-Time Director Avneesh Jayaswal Director Archit Ramesh Jayaswal Director Recognitions & Rankings of Neco Mining Company
Contact details
Neco Mining Company 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
- IndustryAgriculture, Agri Support Services
To see the full contact details of Neco Mining Company Private Limited, buy the company report.
Comprehensive company report
Neco Mining Company 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
Neco Mining Company operates one associated brand: Neco India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron and steel castings are manufactured for diverse industries. | necoindia.com |
Financials of Neco Mining Company Private Limited
FY 2024 filings availableNeco Mining Company Private Limited reported revenue of ₹176.02 Cr (up 366% YoY) for FY 2023.
Revenue · FY 2023
₹176.02 Cr ▲ 366%
Net profit · FY 2023
₹30.95 Cr margin 17.6%
EBITDA · FY 2023
₹45.61 Cr margin 25.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 366%
5 years · compounded
▲ 933%
EBITDA CAGR growth
1 year
▲ 359%
Revenue has grown at a compounded annual rate (CAGR) of 933% over five years, including 366% growth in the latest year. EBITDA rose 359% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹176.02 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹45.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.95 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.9% | ||||
| Net Profit Margin | 17.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Neco Mining Company Private Limited, buy the company report.
Board of directors of Neco Mining Company Private Limited
Neco Mining Company has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avneesh Jayaswal Also directs: Jayaswal Neco Steel and Mining Limited, Jayaswal Neco Industries Limited, Bhilai Iron Foundry Private Limited and 5 more | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Archit Ramesh Jayaswal Also directs: Oxys Learning Private Limited, Oxys Impact LLP, Nagmetro Infraprojects Private Limited and 4 more | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Pramod Kumar Chaudhary | Whole-Time Director | 07 Jul 2023 | 3 Years 3 Months | Current |
| Nisha Arvind Jayaswal Also directs: Nine Star Plastic Packaging Services P Ltd, Jayaswal Neco Steel and Mining Limited, Vibrant Electronics Private Limited and 4 more | Director | 08 Oct 2021 | 5 Years 0 Months | Current |
Auditor
Neco Mining Company 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 Mining Company 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 Mining Company Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Neco Mining Company 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 Mining Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neco Mining Company Private Limited has a workforce of 72 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
72
Active EPFO establishments
1
Employee growth
105.71%
GST
Neco Mining Company has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AADCN3358G1ZP | Chattisgarh | Active | 13 Sep 2021 |
To see the full GST registrations and return filing status of Neco Mining Company Private Limited, buy the company report.
Recent activity
Neco Mining Company Private Limited has 12 board changes on record since 2014: 4 appointments and 8 cessations. The latest: Pramod Kumar Chaudhary was appointed as Whole-Time Director on 07 Jul 2023.
AGM
Neco Mining Company Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Neco Mining Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Pramod Kumar Chaudhary was appointed as Whole-Time Director.
Ceased
Pramod Kumar Chaudhary ceased to be Additional Director.
Ceased
Nisha Arvind Jayaswal ceased to be Additional Director.
Appointed
Nisha Arvind Jayaswal was appointed as Director.
Ceased
Archit Ramesh Jayaswal ceased to be Additional Director.
Ceased
Avneesh Jayaswal ceased to be Additional Director.
Ceased
Arvindkumar Jayaswal ceased to be Director.
Ceased
Degreelal Dayaram Choudhary ceased to be Director.
Ceased
Ramesh Jayaswal ceased to be Director.
Appointed
Archit Ramesh Jayaswal was appointed as Director.
3 earlier events are in the company report.
News
Frequently asked questions
Neco Mining Company is an active private limited company based in Nagpur, Maharashtra, India. The company works in agri support services, within the agriculture industry. It was incorporated on 01 July 2010 (16+ years old) and is registered under CIN U10100MH2010PTC205101.
Neco Mining Company has 4 current directors:
- Pramod Kumar Chaudhary - Whole-Time Director
- Avneesh Jayaswal - Director
- Archit Ramesh Jayaswal - Director
- Nisha Arvind Jayaswal - Director
The latest financial statements of Neco Mining Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Neco Mining Company is 22AADCN3358G1ZP, registered in Chattisgarh.
The CIN (Corporate Identification Number) of Neco Mining Company is U10100MH2010PTC205101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neco Mining Company was incorporated on 01 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Pramod Kumar Chaudhary was appointed as Whole-Time Director on 07 Jul 2023. Pramod Kumar Chaudhary ceased to be Additional Director on 07 Jul 2023. Nisha Arvind Jayaswal ceased to be Additional Director on 29 Sep 2022. Neco Mining Company has 12 board changes on record in total.
Yes, Neco Mining Company is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-20-0045627).
Neco Mining Company can be reached through the website necoindia.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Neco Mining Company is at Plot No 652 Nildoh Digdoh MIDC Industrial Area, Nagpur, Maharashtra, India – 440016.
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