N G E F Ltd.
About N G E F Ltd.
Data last updated:
N G E F Ltd. is a public limited state government company based in Bengaluru, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 24 October 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31102KA1970SGC001568.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹46.51 Cr. It is led by directors including Gunjan Kinnu (Managing Director) and Ananthan Srinivasan.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3rd Floor Khanija Bhavan (South Wing) Race Cource Road, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.87 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹38.93 Cr (net margin -102.8%) and EBITDA of -₹43.44 Lakh (EBITDA margin -1.1%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 23% over five years.
Its group structure includes 1 subsidiary.
Court records list 681 cases involving the company, including 166 filed by the company and 515 filed against it; 20 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2021. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 5 smaller; the largest is Shri Hans Electricals Pvt Ltd with revenue of ₹38.1 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
N G E F has one previous CIN (Corporate Identification Number): U99999KA1970SGC001568. The current CIN is U31102KA1970SGC001568, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31102KA1970SGC001568 | Current |
| U99999KA1970SGC001568 | Previous |
Contact details
N G E F Ltd.'s registered office is in Bengaluru, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address3rd Floor Khanija Bhavan (South Wing) Race Cource Road, Bengaluru, Karnataka, India – 560001
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of N G E F Ltd., 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
Financials of N G E F Ltd.
FY 2024 filings availableN G E F Ltd. reported revenue of ₹37.87 Cr (down 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 58% fall in the latest year. EBITDA fell 110% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹43.44 Lakh | ||||
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| Net Profit (PAT) | -₹38.93 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -102.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of N G E F Ltd., buy the company report.
Board of directors of N G E F Ltd.
N G E F has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Kinnu Also directs: Food Karnataka Limited, Mysore Sugar Company Limited, The Mysore Lamp Works Limited and 5 more | Managing Director | 21 Sep 2018 | 8 Years 1 Months | Current |
| Basavaraju Gopal Krishna | Nominee Director | 17 Aug 2024 | 2 Years 2 Months | Current |
| Ananthan Srinivasan | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Ganapathi Mala Joshy Also directs: Master Components Limited, Orange Self Storage Private Limited, Gitic Tourism Private Limited and 1 more | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Satheesha Basavanakote Chandrappa | Nominee Director | 13 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
N G E F Ltd. is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with 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 |
|---|---|---|---|---|---|---|
| Shri Hans Electricals Pvt Ltd | ₹38.1 Cr (FY 2025) | 78.0% | Mumbai, Maharashtra, India | |||
| Rishabh Technologies Private Limited | ₹38.08 Cr (FY 2025) | 48.0% | Kadi, Gujarat, India | |||
| N G E F Ltd.this company | ₹37.87 Cr (FY 2024) | -₹38.93 Cr | -102.8% | -58.0% | Bengaluru, Karnataka, India | |
| Eswari Electricals Private Limited | ₹37.85 Cr (FY 2024) | 14.0% | Chennai, Tamil Nadu, India | |||
| Signotron (India) Pvt Ltd | ₹37.82 Cr (FY 2024) | 32.0% | Kolkata, West Bengal, India | |||
| Accu-Panels Energy Private Limited | ₹37.79 Cr (FY 2025) | 61.0% | Ahmedabad, Gujarat, India | |||
| Amrest Electricals Limited | ₹37.77 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Indian Transformers and Electricals Private Limited | ₹37.63 Cr (FY 2024) | 12.0% | Gurgaon, Haryana, India |
To see the full peer comparison of N G E F Ltd., buy the company report.
Auditor
N G E F Ltd. is audited by K V RADHAKRISHNA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K V RADHAKRISHNA & CO | FY 2019 | 003302S |
Shareholding
The shareholding of N G E F Ltd. is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of N G E F Ltd., buy the company report.
Deals & funding
N G E F Ltd. has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Govt of Karnataka Seller: Ehg Elektro Holding Gmbh Germany |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
N G E F Ltd. has 681 court cases on record: 166 filed by N G E F, 515 filed against it. 20 cases are pending and 661 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 566 | 472 | 15 |
| District courts | 98 | 34 | 2 |
| Supreme Court | 13 | 5 | 0 |
| NCLAT | 4 | 4 | 3 |
Cases on record (5 of 681)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (MFA) | Filed against the company by Salarpuria Housing Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by 3A Capital Services Limited | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by 3A Capital Services Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by 3A Capital Services Limited | Disposed |
| High Court of Karnataka | Court case (RP) | Filed against the company by M/S. Salarpuria Housing Private Limited | Disposed |
To see the full case history of N G E F Ltd., 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for N G E F Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
N G E F has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ngef (Hubli) Limited | U85110KA1989PLC009687 |
To see the full group structure of N G E F Ltd., buy the company report.
GST
No GST registration is on our record for N G E F Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
N G E F Ltd. has 18 board changes on record since 2018: 6 appointments and 12 cessations. The latest: Satheesha Basavanakote Chandrappa was appointed as Nominee Director on 13 Oct 2025.
9 earlier events are in the company report.
Frequently asked questions
N G E F is an active public limited state government company based in Bengaluru, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 24 October 1970 (56+ years old) and is registered under CIN U31102KA1970SGC001568.
N G E F has 5 current directors:
- Gunjan Kinnu - Managing Director
- Basavaraju Gopal Krishna - Nominee Director
- Ananthan Srinivasan - Director
- Ganapathi Mala Joshy - Director
- Satheesha Basavanakote Chandrappa - Nominee Director
The latest financial statements of N G E F on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of N G E F is U31102KA1970SGC001568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
N G E F has 681 court cases on record: 166 filed by the company and 515 filed against it. 20 are pending. Most are in the high courts.
N G E F was incorporated on 24 October 1970, making it 56+ years old. It is registered with the Registrar of Companies, Bangalore.
N G E F has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
The peers of N G E F by revenue are Shri Hans Electricals Pvt Ltd, Rishabh Technologies Private Limited, Eswari Electricals Private Limited, Signotron (India) Pvt Ltd, Accu-Panels Energy Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Satheesha Basavanakote Chandrappa was appointed as Nominee Director on 13 Oct 2025. Basavaraju Gopal Krishna was appointed as Nominee Director on 17 Aug 2024. Danammanavar Basappa Vijayamahantesh ceased to be Nominee Director on 17 Aug 2024. N G E F has 18 board changes on record in total.
The registered office of N G E F is at 3rd Floor Khanija Bhavan South Wing Race Cource Road, Bengaluru, Karnataka, India – 560001.
N G E F operates in the energy and power industry, in the power equipment manufacturers segment.