About Nexus Electro Steel Limited
Data last updated:
Nexus Electro Steel Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 22 July 1998.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29142TN1998PLC040858. The company has 6 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹12.2 Cr and a paid-up capital of ₹6.77 Cr. It was formerly known as Nexus Electro Steel P Limited. It is led by directors including Ketan Chhotalal Bagadia (Managing Director) and Hiren Mahendra Botadra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 202 Shivalaya Block C 16 Ethiraj Salai Egmore, Chennai, Tamil Nadu, India – 600008.
As per the financials filed for FY 2018, the company reported a revenue of ₹17.43 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹101.05 Cr and EBITDA of -₹91.77 Cr. Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹129.31 Cr and satisfied charges of ₹76.04 Cr on record. Court records list 27 cases involving the company, including 10 filed by the company and 17 filed against it; 4 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹11.77 Cr; the latest was in December 2016.
The last known website on record is nesl.in.
Company details
CIN history
Nexus Electro Steel has one previous CIN (Corporate Identification Number): U29142TN1998PTC040858. The current CIN is U29142TN1998PLC040858, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29142TN1998PLC040858 | Current |
| U29142TN1998PTC040858 | Previous |
Contact details
Nexus Electro Steel Limited's registered office is in Chennai, Tamil Nadu. Its website is nesl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address202 Shivalaya Block C 16 Ethiraj Salai Egmore, Chennai, Tamil Nadu, India – 600008
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Nexus Electro Steel 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 Nexus Electro Steel is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Nexus Electro Steel Limited, buy the company report.
Financials of Nexus Electro Steel Limited
FY 2018 filings availableNexus Electro Steel Limited reported revenue of ₹17.43 Cr (down 78% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 78% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹17.43 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹91.77 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹101.05 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Nexus Electro Steel Limited, buy the company report.
Board of directors of Nexus Electro Steel Limited
Nexus Electro Steel has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswamy Srinivasan Also directs: Current Electricals Limited | Additional Director | 24 Jul 2020 | 6 Years 3 Months | As last reported |
| Hiren Mahendra Botadra | Whole-Time Director | 14 Mar 2006 | 20 Years 7 Months | As last reported |
| Ketan Chhotalal Bagadia Also directs: Current Electricals Limited, Nexus Finvest Private Limited | Managing Director | 22 Jul 1998 | 28 Years 3 Months | As last reported |
| Aakash Kumar Agarwal Also directs: B D J Glass Industries Pvt Ltd | Director | 18 Feb 2025 | 1 Years 8 Months | As last reported |
| Hanumant Singla Also directs: Unity Global Tradex LLP, Unity Universal LLP, Sri Venkat Ram Spinners Private Limited and 5 more | Director | 18 Feb 2025 | 1 Years 8 Months | As last reported |
| Raman Goyal | Director | 18 Feb 2025 | 1 Years 8 Months | As last reported |
Auditor
Nexus Electro Steel Limited is audited by K R CHAUHAN & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R CHAUHAN & COMPANY | FY 2018 | 006663S |
Shareholding
The shareholding of Nexus Electro Steel Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nexus Electro Steel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2015 | 10568077 | State Bank of India | ₹5 Cr | Open | |
| 19 Mar 2013 | 10413388 | Icici Bank Limited | ₹15 Cr | Open | |
| 18 Sep 2012 | 10380581 | Icici Bank Limited | ₹23.37 Cr | Open | |
| 12 Dec 2007 | 10081829 | State Bank of India | ₹85.94 Cr | Open | |
| 09 Jul 2008 | 10112735 | Standard Chartered Bank | ₹20 Cr | Satisfied |
To see the full charge records of Nexus Electro Steel Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Nexus Electro Steel Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹11.77 Cr; the latest was in December 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Funding round | ₹1.06 Cr | Investors: an individual |
| Mar 2014 | Funding round | ₹60 Lakh | Investors: an individual |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Apr 2006 | Funding round | ₹5 Cr | Investors: 4 individuals |
To see the full deal history of Nexus Electro Steel Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nexus Electro Steel Limited has 27 court cases on record: 10 filed by Nexus Electro Steel, 17 filed against it. 4 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 10 | 3 |
| District courts | 8 | 4 | 1 |
| NCLT | 4 | 3 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by M/S NLMK India Service Center Pvt. Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Mitsui O S K Lines India Private Limited and 2 others | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by N.L.M.K India Service Centre Pvt Ltd, | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Nexus Electro Steel 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.
Credit ratings & regulatory alerts
Nexus Electro Steel Limited was last rated by Crisil on 14 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Aug 2020 |
To see the full credit ratings and regulatory alerts of Nexus Electro Steel Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nexus Electro Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nexus Electro Steel Limited has a workforce of 28 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
GST
Nexus Electro Steel has 6 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 Nexus Electro Steel Limited, buy the company report.
Recent activity
Nexus Electro Steel Limited has 10 board changes on record since 1998: 7 appointments and 3 cessations. The latest: Radhakrishnan Dharmarajan was appointed as Irp/Rp/Liquidator on 29 May 2025.
19 earlier events are in the company report.
Frequently asked questions
Nexus Electro Steel is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Nexus Electro Steel is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 22 July 1998 and is registered under CIN U29142TN1998PLC040858. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nexus Electro Steel has 6 current directors:
- Ketan Chhotalal Bagadia - Managing Director
- Hiren Mahendra Botadra - Whole-Time Director
- Ramaswamy Srinivasan - Additional Director
- Aakash Kumar Agarwal - Director
- Hanumant Singla - Director
- Raman Goyal - Director
The latest financial statements of Nexus Electro Steel on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nexus Electro Steel is U29142TN1998PLC040858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nexus Electro Steel has open charges of ₹129.31 Cr and satisfied charges of ₹76.04 Cr as per latest MCA filings.
Nexus Electro Steel has 27 court cases on record: 10 filed by the company and 17 filed against it. 4 are pending. Most are in the high courts.
Nexus Electro Steel was incorporated on 22 July 1998. It is registered with the Registrar of Companies, Chennai.
Nexus Electro Steel has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹11.77 Cr; the latest was in December 2016.
Radhakrishnan Dharmarajan was appointed as Irp/Rp/Liquidator on 29 May 2025. Aakash Kumar Agarwal was appointed as Director on 18 Feb 2025. Hanumant Singla was appointed as Director on 18 Feb 2025. Nexus Electro Steel has 10 board changes on record in total.
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