MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0057512
Nichrome India Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹135.82 Cr
▲ 8% YoY
Net profit · FY 2026
₹2.35 Cr
Net margin 1.7%
EBITDA · FY 2026
₹5.97 Cr
EBITDA margin 4.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6.61 Cr
Issued & subscribed
Open charges
₹35.77 Cr
Satisfied ₹36.76 Cr
Company age
66 yrs
Est. 1960
Employees · EPFO
237
Provident fund records
About Nichrome India Limited
Data last updated:
Nichrome India Limited is a public limited company based in Pune, Maharashtra, India. It operates in the packaging machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 29 January 1960 and has been in existence for over 66 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28113MH1960PLC011575. Its GSTIN is 27AAACT4161C1ZP (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.61 Cr. It was formerly known as Tetra Pak Nichrome (India) Private Limited and Tetra Pak Nichrome (India) Limited. It is led by directors including Mrunalini Harish Joshi (Whole-Time Director) and Shrinivas Vinayak Joshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Saffire Park Galleriapune – Mumbai Road Shivaginagar, Maharashtra, India – 411005.
As per the financials filed for FY 2026, the company reported a revenue of ₹135.82 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.35 Cr (net margin 1.7%) and EBITDA of ₹5.97 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company has about 237 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nichrome. As per MCA filings, the company has open charges of ₹35.77 Cr and satisfied charges of ₹36.76 Cr on record. Court records list 44 cases involving the company, including 22 filed by the company and 22 filed against it; 9 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in September 2023. Its 5 peer companies in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Acg Pampac Machines Private Limited with revenue of ₹181.01 Cr. The company has 3 MSME Form 1 returns on record between 2016 and 2019, listing 1,498 overdue payments to 17 micro and small suppliers.
Nichrome India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0057512). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nichrome.com.
Company details
CIN U28113MH1960PLC011575
Registration Number 011575
Incorporation Date 29 January 1960
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0057512
Name history
Nichrome India has undergone 3 name changes throughout its history. The company was previously known as Tetra Pak Nichrome (India) Private Limited, Tetra Pak Nichrome (India) Limited, and Nichrome Metal Works Private Limited. The current legal name is Nichrome India Limited.
| Company Name | Status |
|---|---|
| Nichrome India Limited | Current |
| Tetra Pak Nichrome (India) Private Limited | Previous |
| Tetra Pak Nichrome (India) Limited | Previous |
| Nichrome Metal Works Private Limited | Previous |
CIN history
Nichrome India has one previous CIN (Corporate Identification Number): L28113MH1960PLC011575. The current CIN is U28113MH1960PLC011575, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28113MH1960PLC011575 | Current |
| L28113MH1960PLC011575 | Previous |
Key People
Mrunalini Harish Joshi Whole-Time Director Shrinivas Vinayak Joshi Whole-Time Director Maithilee Harish Joshi Whole-Time Director Recognitions & Rankings of Nichrome India
Contact details
Nichrome India Limited's registered office is in Pune, Maharashtra. Its website is nichrome.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSaffire Park Galleriapune – Mumbai Road Shivaginagar, Maharashtra, India – 411005
- IndustryMachinery and Equipment, Packaging Machinery & Equipment
To see the full contact details of Nichrome India Limited, buy the company report.
Comprehensive company report
Nichrome India Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Nichrome India operates one associated brand: Nichrome. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures packaging machines and systems for food, pharma, and non-food sectors globally. | nichrome.com |
Business activity
The main business activity of Nichrome 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 Nichrome India Limited, buy the company report.
Financials of Nichrome India Limited
FY 2025 filings availableNichrome India Limited reported revenue of ₹135.82 Cr (up 8% YoY) for FY 2026.
Revenue · FY 2026
₹135.82 Cr ▲ 8%
Net profit · FY 2026
₹2.35 Cr margin 1.7%
EBITDA · FY 2026
₹5.97 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 9%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 15%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 8% growth in the latest year. EBITDA rose 4% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹5.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nichrome India Limited, buy the company report.
Board of directors of Nichrome India Limited
Nichrome India has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramchandra Raghvendra Rao Also directs: Anb Excellence Private Limited | Additional Director | 10 Apr 2023 | 3 Years 6 Months | Current |
| Upendra Goraksha Deglurkar | Director | 29 Aug 2024 | 2 Years 1 Months | Current |
| Mrunalini Harish Joshi Also directs: Nichrome PGP Ngtech LLP | Whole-Time Director | 29 Jun 2013 | 13 Years 3 Months | Current |
| Ashok Natwarlal Kothary | Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Shrinivas Vinayak Joshi Also directs: Nichrome Info Management Private Limited | Whole-Time Director | 03 Apr 1990 | 36 Years 6 Months | Current |
| Maithilee Harish Joshi | Whole-Time Director | 20 Dec 2023 | 2 Years 10 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Nichrome India Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Packaging Machines), 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 |
|---|---|---|---|---|---|---|
| Acg Pampac Machines Private Limited | ₹181.01 Cr (FY 2018) | -18.0% | Mumbai, Maharashtra, India | |||
| Pace Packaging Machines Private Limited | ₹167.55 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Nichrome India Limitedthis company | ₹135.82 Cr (FY 2026) | ₹2.35 Cr | 1.7% | 8.0% | 237 | Pune, Maharashtra, India |
| Shubham Flexible Packaging Machines Private Limited | ₹117.55 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Pacmac Solution Private Limited | ₹109.4 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Suba Solutions Private Limited | ₹105.74 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Nichrome India Limited, buy the company report.
Auditor
Nichrome India Limited is audited by Naniwadekar & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Naniwadekar & Co | FY 2024 | 106873W |
Shareholding
The shareholding of Nichrome India 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 Nichrome India Limited, buy the company report.
Charges & borrowings
Open charges
₹35.77 Cr
Satisfied charges
₹36.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2025 | 101196270 | Others | ₹68.24 Lakh | Open | |
| 29 Dec 2023 | 100868007 | Others | ₹5 Cr | Open | |
| 21 Oct 2022 | 100640235 | Sidbi | ₹86.29 Lakh | Open | |
| 09 Dec 2021 | 100525231 | Others | ₹19.87 Lakh | Open | |
| 24 Nov 2021 | 100502294 | Sidbi | ₹53.49 Lakh | Open |
To see the full charge records of Nichrome India Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Nichrome India Limited has 4 deals on record (4 secondary share transfers); the latest was in September 2023.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nichrome India Limited has 44 court cases on record: 22 filed by Nichrome India, 22 filed against it. 9 cases are pending and 35 are disposed.
Total cases
44
Filed by the company
22
Filed against the company
22
Pending
9
Disposed
35
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 10 | 3 |
| District courts | 19 | 10 | 6 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against M/S A. V. Cleaning Products Pvt. Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against A V Cleaning Products Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Ms Shimla Hills Offerings Pvt Ltd Through Pradeep Kumar Sachdeva | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against KCG Engineers Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Indotech Industrial Solutions Pvt. Ltd Through Bhausaheb Janjire | Pending |
To see the full case history of Nichrome India 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
Nichrome India Limited was last rated by Crisil on 31 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Oct 2020 |
To see the full credit ratings and regulatory alerts of Nichrome India Limited, buy the company report.
MSME payment delays
Nichrome India Limited has 3 MSME Form 1 returns on record between 2016 and 2019, listing 1,498 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kelkar Auto Parts Private Limited | |||
| Resource Engimech (India) Private Limited | |||
| Camozzi India (P) Limited | |||
| Supreme Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Nichrome India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nichrome India Limited has a workforce of 237 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
237
Active EPFO establishments
1
Employee growth
-8.49%
GST
Nichrome India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4161C1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nichrome India Limited, buy the company report.
Recent activity
Nichrome India Limited has 17 board changes on record since 1990: 7 appointments and 10 cessations. The latest: Upendra Goraksha Deglurkar was appointed as Director on 29 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.68 Cr with Charge ID 101196270 was registered on 09 Dec 2025.
AGM
Nichrome India Limited last Annual general meeting of members was held on 13 Jun 2025 as per latest MCA records.
Filing
Nichrome India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 02 Apr 2014 via Charge ID 10493556 with Bank Of Baroda was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 28 Mar 2005 via Charge ID 90087218 with Bank Of Baroda was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 02 Dec 2002 via Charge ID 90092002 with Bank Of Baroda was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 20 Jul 2001 via Charge ID 90082747 with Bank Of Baroda was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 29 Nov 2000 via Charge ID 90085556 with Bank Of Baroda was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 25 Feb 2000 via Charge ID 90085301 with Others was fully satisfied on 01 Oct 2024.
Charges
A charge with Others of Rs. 14.00 Cr registered on 02 Jan 2005 with Charge ID 90088893 was modified on 30 Sep 2024.
Charges
A charge with Others of Rs. 14.00 Cr registered on 02 Dec 2002 with Charge ID 90082823 was modified on 30 Sep 2024.
Appointed
Upendra Goraksha Deglurkar was appointed as Director.
39 earlier events are in the company report.
Frequently asked questions
Nichrome India is an active public limited company based in Pune, Maharashtra, India. The company works in packaging machinery and equipment, within the machinery and equipment industry. It was incorporated on 29 January 1960 (66+ years old) and is registered under CIN U28113MH1960PLC011575.
Nichrome India has 7 current directors:
- Mrunalini Harish Joshi - Whole-Time Director
- Shrinivas Vinayak Joshi - Whole-Time Director
- Maithilee Harish Joshi - Whole-Time Director
- Ramchandra Raghvendra Rao - Additional Director
- Upendra Goraksha Deglurkar - Director
- Ashok Natwarlal Kothary - Director
- Mukund Kondvikar Vasant - Director
The latest financial statements of Nichrome India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nichrome India is 27AAACT4161C1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nichrome India is U28113MH1960PLC011575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nichrome India has 44 court cases on record: 22 filed by the company and 22 filed against it. 9 are pending. Most are in the high courts.
Nichrome India was incorporated on 29 January 1960, making it 66+ years old. It is registered with the Registrar of Companies, Pune.
Nichrome India has 4 deals on record (4 secondary share transfers); the latest was in September 2023.
The peers of Nichrome India by revenue are Acg Pampac Machines Private Limited, Pace Packaging Machines Private Limited, Shubham Flexible Packaging Machines Private Limited, Pacmac Solution Private Limited, Suba Solutions Private Limited, all in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Upendra Goraksha Deglurkar was appointed as Director on 29 Aug 2024. Ashok Natwarlal Kothary was appointed as Director on 08 Jul 2024. Ashok Natwarlal Kothary ceased to be Director on 20 Jun 2024. Nichrome India has 17 board changes on record in total.
Yes, Nichrome India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0057512).
Nichrome India has 3 MSME Form 1 returns on record between 2016 and 2019, listing 1,498 overdue payments to 17 micro and small suppliers. The latest return was filed on 30 Aug 2019.