About Nezone Tubes Limited
Data last updated:
Nezone Tubes Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 04 August 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U29120WB1981PLC098963. Its GSTIN is 19AABCN2550L1ZB (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹2.49 Cr. It is led by directors including Pradip Kumar Agarwal (Whole-Time Director) and Mrinal Kanti Ghosh.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nezone House 19 Jatin Das Road, Kolkata, West Bengal, India – 700029.
As per the financials filed for FY 2025, the company reported a revenue of ₹422.32 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹5.21 Cr (net margin 1.2%) and EBITDA of ₹9.32 Cr (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 11% over five years.
The company has about 165 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nezone. As per MCA filings, the company has open charges of ₹61 Cr and satisfied charges of ₹494.11 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 2 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 nezonegroup.com.
Company details
CIN history
Nezone Tubes has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29120WB1981PLC098963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29120WB1981PLC098963 | Current |
| U25112WB1981PLC098963 | Previous |
| U99999WB1981PTC098963 | Previous |
| U99999WB1981PLC098963 | Previous |
Contact details
Nezone Tubes Limited's registered office is in Kolkata, West Bengal. Its website is nezonegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNezone House 19 Jatin Das Road, Kolkata, West Bengal, India – 700029
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Nezone Tubes 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
Brands
Nezone Tubes operates one associated brand: Nezone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric-welded steel tubes are manufactured and supplied by Nezone. | nezonegroup.com |
Business activity
The main business activity of Nezone Tubes is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Nezone Tubes Limited, buy the company report.
Financials of Nezone Tubes Limited
FY 2025 filings availableNezone Tubes Limited reported revenue of ₹422.32 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 17% fall in the latest year. EBITDA fell 35% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹9.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.21 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nezone Tubes Limited, buy the company report.
Board of directors of Nezone Tubes Limited
Nezone Tubes has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Agarwal Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Whole-Time Director | 28 Oct 1994 | 32 Years 0 Months | Current |
| Mrinal Kanti Ghosh Also directs: Ori Plast Ltd. | Director | 27 Jul 2020 | 6 Years 3 Months | Current |
| Ritu Beswal Also directs: Nezone Strips Limited, Nezone Ispat Tubes Limited, Nezone International Limited and 3 more | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Manish Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Director | 02 Apr 2025 | 1 Years 6 Months | Current |
| Sanwar Mal Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Director | 01 Feb 1984 | 42 Years 8 Months | Current |
| Subhash Chandra Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone International Limited and 5 more | Director | 01 Feb 1984 | 42 Years 8 Months | Current |
Peer comparison
Nezone Tubes Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agarsen Rerollers Pvt Ltd | ₹451.83 Cr (FY 2025) | -29.0% | Raipur, Chhattisgarh, India | |||
| Hyundai Steel Pipe India Private Limited | ₹451.76 Cr (FY 2025) | 1.0% | Sriperumbudur, Tamil Nadu, India | |||
| Magnum Mi Steel Private Limited | ₹442.79 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Cogent Steel and Pipes Private Limited | ₹440.49 Cr (FY 2024) | 3.0% | Odisha, India | |||
| Mega Pipes Private Limited | ₹432.23 Cr (FY 2025) | -44.0% | Sudhagad, Maharashtra, India | |||
| Nezone Tubes Limitedthis company | ₹422.32 Cr (FY 2025) | ₹5.21 Cr | 1.2% | -17.0% | 165 | Kolkata, West Bengal, India |
| Ans Steel Tubes Limited | ₹407.31 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Riddhi Steel and Tube Limited | ₹393.94 Cr (FY 2025) | 19.0% | Ahmedabad, Gujarat, India | |||
| A.S.T. Pipes Private Limited | ₹382.89 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nezone Tubes Limited, buy the company report.
Auditor
Nezone Tubes Limited is audited by N.AGARWALA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.AGARWALA & ASSOCIATES | FY 2023 | 315097E |
Shareholding
The shareholding of Nezone Tubes 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 Nezone Tubes Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2024 | 101008747 | Axis Bank Limited | ₹61 Cr | Open | |
| 19 Mar 2019 | 100252907 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.5 Cr | Satisfied | |
| 31 Dec 2018 | 100234898 | State Bank of India | ₹31 Cr | Satisfied | |
| 17 Jul 2017 | 100112486 | State Bank of India | ₹50 Cr | Satisfied | |
| 25 Jan 2006 | 80021965 | State Bank of India | ₹197.43 Cr | Satisfied |
To see the full charge records of Nezone Tubes Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Nezone Tubes Limited has 6 court cases on record: 5 filed by Nezone Tubes, 1 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
| District courts | 1 | 0 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2407-Indirect Taxation : Entry tax, motor vehicle tax, purchase tax, entertainment tax, terminal tax, octroi, toll tax, professional tax, Gold Control Act, Hotel Receipts Tax Act, Water and sewage Tax, luxury tax, Cess Acts) | Filed by the company against The State of West Bengal and 3 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Vsa Infra Projects Pvt Ltd | Pending |
| High Court | Company petition | Filed by the company against Hindustan Cables Ltd. | Disposed |
| High Court | Tax appeal | Filed against the company by an individual | Disposed |
| High Court | Writ petition | Filed by the company against Orissa Industrial Infrastructure Development Corporation | Disposed |
To see the full case history of Nezone Tubes 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
Nezone Tubes Limited was last rated by Icra on 06 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 Jan 2022 |
To see the full credit ratings and regulatory alerts of Nezone Tubes Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nezone Tubes Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nezone Tubes Limited has a workforce of 165 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nezone Tubes has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCN2550L1ZB | West Bengal | Active | 01 Jul 2017 |
| 33AABCN2550L1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nezone Tubes Limited, buy the company report.
Recent activity
Nezone Tubes Limited has 18 board changes on record since 1984: 9 appointments and 9 cessations. The latest: Manish Agarwala ceased to be Additional Director on 26 Sep 2025.
27 earlier events are in the company report.
Frequently asked questions
Nezone Tubes is an active public limited company based in Kolkata, West Bengal, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 04 August 1981 (45+ years old) and is registered under CIN U29120WB1981PLC098963.
Nezone Tubes has 9 current directors:
- Pradip Kumar Agarwal - Whole-Time Director
- Mrinal Kanti Ghosh - Director
- Ritu Beswal - Director
- Manish Agarwala - Director
- Sanwar Mal Agarwala - Director
- Subhash Chandra Agarwala - Director
- Manoj Beswal - Director
- Nimesh Harlalka - Director
- Sudip Roy - Director
The latest financial statements of Nezone Tubes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nezone Tubes is 19AABCN2550L1ZB, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 33AABCN2550L1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Nezone Tubes is U29120WB1981PLC098963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nezone Tubes has 6 court cases on record: 5 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Nezone Tubes was incorporated on 04 August 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Nezone Tubes by revenue are Agarsen Rerollers Pvt Ltd, Hyundai Steel Pipe India Private Limited, Magnum Mi Steel Private Limited, Cogent Steel and Pipes Private Limited, Mega Pipes Private Limited and 3 more, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).
Manish Agarwala ceased to be Additional Director on 26 Sep 2025. Manish Agarwala was appointed as Director on 02 Apr 2025. Sudip Roy ceased to be Additional Director on 30 Mar 2025. Nezone Tubes has 18 board changes on record in total.
Nezone Tubes can be reached through the website nezonegroup.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Nezone Tubes is at Nezone House 19 Jatin Das Road, Kolkata, West Bengal, India – 700029.
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