Nesco Limited

Company operates IT parks, exhibition center, and manufactures surface preparation equipment for various industries.

1946 | Mumbai, Maharashtra (India) | Active
Last Updated:

Nesco Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 14.09 Cr
  • Company Age 79 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 10.23 Cr
  • Satisfied Charges ₹ 23.81 Cr
  • Revenue Growth 59.39%
  • Profit Growth 53.60%
  • Ebitda 59.10%
  • Net Worth 15.90%
  • Total Assets 14.91%

About Nesco

Nesco Limited (NL) was founded in India on 15 April 1946 and has a glorious history of 79 years and one month. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505355 and on the National Stock Exchange(NSE) under NESCO.

The Corporate was formerly known as New Standard Engineering Company Limited. The Company is engaged in the Electrical Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 14.09 Cr.

The company currently has active open charges totaling ₹10.23 Cr. The company has closed loans amounting to ₹23.81 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nesco Limited India are Ms Kamath as COMPANY SECRETARY and Dipesh Singhania as Cfo. Arun Lalchand, Krishna Patel, Manish Panchal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17100MH1946PLC004886

  • Company No.

    004886

  • Stock Symbol

    BSE : 505355 NSE : NESCO

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Apr 1946

  • Date of AGM

    02 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Electrical
Financial Services
Hospitality & Wellness
Real Estate

What products or services does Nesco Limited offer?

Nesco Limited offers a wide range of products and services, including Casting, Moulding & Forging Machines, Foundry Machinery, Electrical & Signaling Contractors, Cabling Service, Surface Coating & Paint Equipment, Paint Booth, Cleaning Machines & Equipments, Shot Blasting Machines, Abrasives & Grains, Cut Wire Shot.

Company report

Nesco Limited

Explore comprehensive data for Nesco Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Nesco?

Executive Team (3)

NameDesignationAppointment DateStatus
Krishna Patel Country flag representing In Managing Director30-Jun-2008Current
Dipesh Singhania Country flag representing In CFO23-May-2015Current
Ms Kamath Company SecretaryCurrent

Board Members (5)

NameDesignationAppointment DateStatus
Ramakrishnan Ramamurthi Country flag representing In Director 15-Jul-2023Current
Manish Panchal Country flag representing In Director 15-Jul-2023Current
Amrita Chowdhury Country flag representing In Director 14-May-2019Current
Arun Lalchand Country flag representing In Director 07-Mar-2024Current
Sudhaben Patel Country flag representing In Director 16-Jul-2001Current

Financial Performance of Nesco.

Nesco Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 59.39% increase. The company also saw a substantial improvement in profitability, with a 53.6% increase in profit. The company's net worth Soared by an impressive increase of 15.9%.

Nesco revenue growth over time
Nesco profit and loss trends over time
  • 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
59.39%
Revenue from Operations
61.83%
Total Assets
14.91%
Profit or Loss
53.60%
Net Worth
15.90%
EBITDA
59.10%

What is the Ownership and Shareholding Structure of Nesco?

In 2022, Nesco had a promoter holding of 68.54% and a public holding of 31.46%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.23 Cr

Satisfied Charges

₹23.81 Cr

Charges Breakdown by Lending Institutions

  • Others : 10.00 Cr
  • Industrial Reconstruction Bank Of India : 0.23 Cr

Latest Charge Details

DateLenderAmountStatus
09 Apr 2024Others₹10.00 CrOpen
26 Dec 1985Industrial Reconstruction Bank Of India₹2.25 MOpen
18 Oct 2006Axis Bank Limited₹5.00 CrSatisfied
15 Oct 2003Induslnd Bank Ltd.₹7.00 MSatisfied
29 May 1998Bank Of India₹8.17 CrSatisfied

How Many Employees Work at Nesco?

Nesco has a workforce of 300 employees as of Apr 06, 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 growth trends for Nesco Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nesco, 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 Nesco's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Nesco

Recent activity within the organization

  • Annual General Meeting

    Nesco Limited last Annual general meeting of members was held on 02 Aug 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100909735 was registered on 09 Apr 2024.

  • Balance Sheet

    Nesco Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Arun Todarwal Lalchand was appointed as a Director was appointed as a Director on 07 Mar 2024 & has been associated with this company since 1 year 2 months .

  • Director Appointment

    Manish Ishwarlal Panchal was appointed as a Director was appointed as a Director on 15 Jul 2023 & has been associated with this company since 1 year 10 months .

  • Director Appointment

    Ramakrishnan Ramamurthi was appointed as a Director was appointed as a Director on 15 Jul 2023 & has been associated with this company since 1 year 10 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Nesco Limited?

    Nesco Limited was incorporated on 15 Apr 1946.

  • What is authorized share capital and paid-up capital of Nesco Limited?

    The authorized share capital of Nesco Limited is ₹ 15.00 Cr and paid-up capital is ₹ 14.09 Cr.

  • Who are the current board members & directors of Nesco Limited?

    Currently 8 directors are associated with Nesco Limited.

    • Arun Todarwal Lalchand
    • Krishna Sumant Patel
    • Ms Shalini Kamath
    • Dipesh Ramesh Singhania
    • Manish Ishwarlal Panchal
    • Amrita Verma Chowdhury
    • Sudhaben Sumant Patel
    • Ramakrishnan Ramamurthi

  • What is the registered address of Nesco Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Nesco Limited is Nse Estatewehighway Goregaon (East) India, Mumbai, Maharashtra, 400063.

  • What is the corporate identification number (CIN) and company number of Nesco Limited?

    The corporate identification number (CIN) of Nesco Limited is L17100MH1946PLC004886 and the company number is 004886 as per Ministry of Corporate Affairs (MCA).

  • Is Nesco Limited registered with any stock exchange in India?

    Yes, Nesco Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): NESCO.

  • What is the official website of Nesco Limited?

    The Official website of Nesco Limited is https://www.nesco.in

  • What has been the recent revenue trend for Nesco Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Nesco Limited has risen by 59.39%.

  • How many employees does Nesco Limited currently have?

    As Per 2023 financial reports, 300 employees are currently employed by Nesco Limited.

  • What change has been observed in the net worth of Nesco Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Nesco Limited has experienced an upsurge of 15.90%.

  • What are the total open charges for Nesco Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Nesco Limited amount to ₹ 10.23 Cr.

  • When was the last Balance Sheet of Nesco Limited filed with the ROC?

    The most recent Balance Sheet for Nesco Limited was filed with the ROC on 31 Mar 2024.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Real Estate Leasing