About Newelco India Private Limited
Data last updated:
Newelco India Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Inductotherm (India) Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 04 March 1994.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1994PTC096879. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Hardik Harindra Medh and Prakash Dinkar Chaubal.
Its last annual general meeting (AGM) was held on 06 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Plot No. Sm – 6 Sanand II Industrial Estate Village Bol (Sanand) Taluka – Sanand, Ahmedabad, Gujarat, India – 382170.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.21 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹73.12 Lakh (net margin 22.8%) and EBITDA of ₹1.03 Cr (EBITDA margin 32.1%).
The last known website on record is newelcoindia.com.
Company details
CIN history
Newelco India has one previous CIN (Corporate Identification Number): U31909DL1994PTC057720. The current CIN is U31909GJ1994PTC096879, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909GJ1994PTC096879 | Current |
| U31909DL1994PTC057720 | Previous |
Contact details
Newelco India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is newelcoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. Sm – 6 Sanand II Industrial Estate Village Bol (Sanand) Taluka – Sanand, Ahmedabad, Gujarat, India – 382170
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
To see the full contact details of Newelco India 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
Business activity
The main business activity of Newelco India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Newelco India Private Limited, buy the company report.
Financials of Newelco India Private Limited
FY 2018 filings availableNewelco India Private Limited reported revenue of ₹3.21 Cr (up 27% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 27% in the latest year. EBITDA rose 77% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | ₹1.03 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹73.12 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 32.1% | |||
| Net Profit Margin | 22.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Receivable Days | ||||
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To see the full financial statements and ratios of Newelco India Private Limited, buy the company report.
Board of directors of Newelco India Private Limited
Newelco India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Harindra Medh | Director | 05 May 2004 | 22 Years 6 Months | As last reported |
| Prakash Dinkar Chaubal Also directs: Inductotherm (India) Private Limited | Director | 01 Jan 2016 | 10 Years 10 Months | As last reported |
| Jagat Jayant Shah Also directs: Bhagwati Spherocast Private Limited | Director | 14 Mar 2003 | 23 Years 8 Months | As last reported |
Peer comparison
Newelco India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Volker Energietechnik India Private Limited | ₹3.21 Cr (FY 2025) | 2.0% | Pune, Maharashtra, India | |||
| Lehagen (OPC) Private Limited | ₹3.21 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Aim Graphic Machines Private Limited | ₹3.21 Cr (FY 2025) | -65.0% | Faridabad, Haryana, India | |||
| SCG Exd .Tech Private Limited | ₹3.21 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Newelco India Private Limitedthis company | ₹3.21 Cr (FY 2018) | ₹73.12 Lakh | 22.8% | 27.0% | Ahmedabad, Gujarat, India | |
| Deepak Engineering and Trading Private Limited | ₹3.21 Cr (FY 2025) | -12.0% | Roha, Maharashtra, India | |||
| Venus Power Projects Private Limited | ₹3.21 Cr (FY 2022) | -46.0% | Haryana, India | |||
| Thermocare Industries Limited | ₹3.21 Cr (FY 2025) | 0.0% | Kanpur, Uttar Pradesh, India | |||
| Kunal Pneumatics Private Limited | ₹3.2 Cr (FY 2025) | -29.0% | Ahmedabad, Gujarat, India | |||
| MTMS Engineers Private Limited | ₹3.2 Cr (FY 2024) | 6.0% | Pune, Maharashtra, India |
To see the full peer comparison of Newelco India Private Limited, buy the company report.
Auditor
Newelco India Private Limited is audited by WALKER CHANDIOK & CO LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO LLP | FY 2017 | 001076N/N500013 |
Shareholding
The shareholding of Newelco India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Newelco India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Newelco India 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 Newelco India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Newelco India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Newelco India Private Limited, buy the company report.
Recent activity
Newelco India Private Limited has 7 board changes on record since 2003: 3 appointments and 4 cessations. The latest: Prakash Dinkar Chaubal ceased to be Additional Director on 16 Jun 2016.
Frequently asked questions
Newelco India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Newelco India was a private limited company based in Ahmedabad, Gujarat, India. The company worked in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 04 March 1994 and is registered under CIN U31909GJ1994PTC096879. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Newelco India was incorporated on 04 March 1994. It is registered with the Registrar of Companies, Ahmedabad.
Newelco India had 3 directors:
- Hardik Harindra Medh - Director
- Prakash Dinkar Chaubal - Director
- Jagat Jayant Shah - Director
The CIN (Corporate Identification Number) of Newelco India is U31909GJ1994PTC096879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Newelco India is at Plot No. Sm – 6 Sanand II Industrial Estate Village Bol Sanand Taluka – Sanand, Ahmedabad, Gujarat, India – 382170.
Newelco India can be reached through the website newelcoindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Newelco India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 06 August 2018. Year-wise statements from 2015 are in the company report.
No. Newelco India has 2 GST registrations on record and all of them are cancelled or inactive.
Newelco India operated in the electrical industry, in the general purpose and special purpose machinery and equipment segment.
The peers of Newelco India by revenue are Volker Energietechnik India Private Limited, Lehagen (OPC) Private Limited, Aim Graphic Machines Private Limited, SCG Exd .Tech Private Limited, Deepak Engineering and Trading Private Limited and 4 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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