MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-WB-08-0002015
Nif Ispat Private Limited - manufacturing in West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹191.59 Cr
▲ 10% YoY
Net profit · FY 2025
₹16.36 Cr
Net margin 8.5%
EBITDA · FY 2025
₹30.9 Cr
EBITDA margin 16.1%
Authorised capital
₹3.1 Cr
Registered with MCA
Paid-up capital
₹2.55 Cr
Issued & subscribed
Open charges
₹52.4 Cr
Satisfied ₹59.02 Cr
Company age
71 yrs
Est. 1955
Employees · EPFO
366
Provident fund records
About Nif Ispat Private Limited
Data last updated:
Nif Ispat Private Limited is a private limited company based in West Bengal, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 22 November 1955 and has been in existence for over 71 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27101WB1955PTC022765. Its GSTIN is 19AAACN9224A1ZQ (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3.1 Cr and a paid-up capital of ₹2.55 Cr. It was formerly known as Nandikeshwari Iron Foundry Limited. It is led by directors including Girish Kumar Madhogaria (Managing Director) and Pushpa Madhogaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 'K' Road Belgachia Howrah, West Bengal, India – 711105.
As per the financials filed for FY 2025, the company reported a revenue of ₹191.59 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹16.36 Cr (net margin 8.5%) and EBITDA of ₹30.9 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 16% over five years.
The company has about 366 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.4 Cr and satisfied charges of ₹59.02 Cr on record. Court records list 15 cases involving the company, including 5 filed by the company and 10 filed against it; 3 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.3 Cr; the latest was in November 2021. Its 9 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Universal Autofoundry Limited with revenue of ₹193.89 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 14 micro and small suppliers.
Nif Ispat Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-08-0002015). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nifl.com.
Company details
CIN U27101WB1955PTC022765
Registration Number 022765
Incorporation Date 22 November 1955
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-WB-08-0002015
Name history
Nif Ispat has undergone 2 name changes throughout its history. The company was previously known as Nandikeshwari Iron Foundry Limited, and Nif Ispat Private Limited. The current legal name is Nif Ispat Private Limited.
| Company Name | Status |
|---|---|
| Nif Ispat Private Limited | Current |
| Nandikeshwari Iron Foundry Limited | Previous |
CIN history
Nif Ispat has one previous CIN (Corporate Identification Number): U27101WB1955PLC022765. The current CIN is U27101WB1955PTC022765, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101WB1955PTC022765 | Current |
| U27101WB1955PLC022765 | Previous |
Key People
Girish Kumar Madhogaria Managing Director Pushpa Madhogaria Whole-Time Director Sugam Madhogaria Whole-Time Director Recognitions & Rankings of Nif Ispat
Contact details
Nif Ispat Private Limited's registered office is in West Bengal. Its website is nifl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address10 'K' Road Belgachia Howrah, West Bengal, India – 711105
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Nif Ispat Private Limited, buy the company report.
Comprehensive company report
Nif Ispat Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Nif Ispat 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 Nif Ispat Private Limited, buy the company report.
Financials of Nif Ispat Private Limited
FY 2025 filings availableNif Ispat Private Limited reported revenue of ₹191.59 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹191.59 Cr ▲ 10%
Net profit · FY 2025
₹16.36 Cr margin 8.5%
EBITDA · FY 2025
₹30.9 Cr margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 12%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 28%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 10% growth in the latest year. EBITDA rose 32% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.36 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | ||||
| Net Profit Margin | 8.5% | ||||
| 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 Nif Ispat Private Limited, buy the company report.
Board of directors of Nif Ispat Private Limited
Nif Ispat has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpa Madhogaria Also directs: Mataji Infrastructure Private Limited | Whole-Time Director | 30 Aug 2006 | 20 Years 2 Months | Current |
| Sugam Madhogaria | Whole-Time Director | 16 Apr 2011 | 15 Years 6 Months | Current |
| Girish Kumar Madhogaria | Managing Director | 06 Sep 1985 | 41 Years 2 Months | Current |
Peer comparison
Nif Ispat Private Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| Universal Autofoundry Limited | ₹193.89 Cr (FY 2025) | -5.0% | Jaipur, Rajasthan, India | |||
| Sri Ranganathar Valves Private Limited | ₹192.56 Cr (FY 2025) | 12.0% | Coimbatore, Tamil Nadu, India | |||
| Caspro Metal Industries Pvt.Ltd. | ₹192.21 Cr (FY 2025) | -5.0% | Kolhapur, Maharashtra, India | |||
| Vishal Manufacturer Private Limited | ₹192.12 Cr (FY 2024) | 6.0% | Rajkot, Gujarat, India | |||
| Eastern Alloys Private Limited | ₹191.69 Cr (FY 2025) | -2.0% | Raghunathapali, Odisha, India | |||
| Nif Ispat Private Limitedthis company | ₹191.59 Cr (FY 2025) | ₹16.36 Cr | 8.5% | 10.0% | 366 | West Bengal, India |
| Nsi Castings Private Limited | ₹191.48 Cr (FY 2025) | 69.0% | Kolkata, West Bengal, India | |||
| Castmaster Industries Private Limited | ₹187.7 Cr (FY 2025) | 31.0% | New Delhi, Delhi, India | |||
| BMC Metalcast Private Limited | ₹185.84 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Saini Alloys Limited | ₹184.9 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nif Ispat Private Limited, buy the company report.
Auditor
Nif Ispat Private Limited is audited by M. Satnaliwala & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. Satnaliwala & Co. | FY 2023 | 304052E |
Shareholding
The shareholding of Nif Ispat Private 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 Nif Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹52.4 Cr
Satisfied charges
₹59.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2023 | 100768010 | Others | ₹70 Lakh | Open | |
| 29 Dec 2018 | 100232165 | Hdfc Bank Limited | ₹4 Cr | Open | |
| 02 Aug 2016 | 100044031 | State Bank of India | ₹47.7 Cr | Open | |
| 18 Jan 2019 | 100231989 | Hdfc Bank Limited | ₹44.48 Cr | Satisfied | |
| 18 Jun 2004 | 80021643 | Ge Capital Tfs Limited | ₹6 Lakh | Satisfied |
To see the full charge records of Nif Ispat Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Nif Ispat Private Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.3 Cr; the latest was in November 2021.
Total deals
10
Secondary share transfers
9
Funding round
1
Disclosed funding
₹3.3 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Mataji Infrastructure Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Mataji Infrastructure Private Limited , 3 individuals Seller: Travol Tie-Up Private Limited , Dolphin Indotech Ltd |
| Feb 2010 | Secondary share transfer | Undisclosed | Buyer: Mataji Infrastructure Private Limited , an individual Seller: Avanti Vyapaar Pvt Ltd , Sukhdhan Suppliers Private Limited, Viral Commercial Co. Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Dolphin Indotech Ltd , Information Synergies Private Limited Seller: Sutlaj Sales Pvt. Ltd. , Pugalia Vyapaar Pvt Ltd , Spaceplus Agencies Pvt Ltd |
| May 2007 | Funding round | ₹3.3 Cr | Investors: Sukhdhan Suppliers Private Limited, Viral Commercial Co. Private Limited, Pugalia Vyapaar Pvt Ltd |
To see the full deal history of Nif Ispat Private 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
Nif Ispat Private Limited has 15 court cases on record: 5 filed by Nif Ispat, 10 filed against it. 3 cases are pending and 12 are disposed.
Total cases
15
Filed by the company
5
Filed against the company
10
Pending
3
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 3 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Howrah, West Bengal | Court case (1.Title Suit) | Filed against the company by an individual | Disposed |
| District court, Howrah, West Bengal | Court case (2.Misc. Appeal) | Filed against the company by an individual | Disposed |
| District court, Howrah, West Bengal | Court case (1.Title Suit) | Filed against the company by an individual | Disposed |
To see the full case history of Nif Ispat Private 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
Nif Ispat Private Limited was last rated by Care on 29 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Nov 2021 |
To see the full credit ratings and regulatory alerts of Nif Ispat Private Limited, buy the company report.
MSME payment delays
Nif Ispat Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Bricks Manufacturing Co | |||
| Jotun India Private Limited |
To see the full MSME payment records of Nif Ispat Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nif Ispat Private Limited has a workforce of 366 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
366
Active EPFO establishments
1
Employee growth
-16.2%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 366 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Nif Ispat Private Limited, buy the company report.
GST
Nif Ispat has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACN9224A1ZQ | West Bengal | Active | 01 Jul 2017 |
| 19AAACN9224A1DZ | West Bengal | Active | 05 Nov 2024 |
To see the full GST registrations and return filing status of Nif Ispat Private Limited, buy the company report.
Recent activity
Nif Ispat Private Limited has 7 board changes on record since 1985: 3 appointments and 4 cessations. The latest: Juhi Mimani ceased to be Director on 08 Nov 2011.
Charges
A charge with Hdfc Bank Limited of Rs. 4.00 Cr registered on 29 Dec 2018 with Charge ID 100232165 was modified on 03 Feb 2026.
AGM
Nif Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nif Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata Ii.
Charges
A charge with State Bank Of India of Rs. 47.70 Cr registered on 02 Aug 2016 with Charge ID 100044031 was modified on 12 Feb 2025.
Charges
A charge registered on 18 Jan 2019 via Charge ID 100231989 with Hdfc Bank Limited was fully satisfied on 30 Nov 2024.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 100768010 was registered on 27 Apr 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 44.48 Cr registered on 18 Jan 2019 with Charge ID 100231989 was modified on 12 Oct 2022.
Charges
A charge registered on 07 May 2001 via Charge ID 80019196 with State Bank Of India was fully satisfied on 14 Feb 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 44.48 Cr with Charge ID 100231989 was registered on 18 Jan 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100232165 was registered on 29 Dec 2018.
Charges
A charge with State Bank Of India amounted to Rs. 47.70 Cr with Charge ID 100044031 was registered on 02 Aug 2016.
Charges
A charge with State Bank Of India of Rs. 14.42 Cr registered on 07 May 2001 with Charge ID 80019196 was modified on 24 Dec 2013.
13 earlier events are in the company report.
Frequently asked questions
Nif Ispat is an active private limited company based in West Bengal, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 22 November 1955 (71+ years old) and is registered under CIN U27101WB1955PTC022765.
Nif Ispat has 3 current directors:
- Girish Kumar Madhogaria - Managing Director
- Pushpa Madhogaria - Whole-Time Director
- Sugam Madhogaria - Whole-Time Director
The latest financial statements of Nif Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nif Ispat is 19AAACN9224A1ZQ, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 19AAACN9224A1DZ (West Bengal).
The CIN (Corporate Identification Number) of Nif Ispat is U27101WB1955PTC022765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nif Ispat has 15 court cases on record: 5 filed by the company and 10 filed against it. 3 are pending. Most are in the district courts.
Nif Ispat was incorporated on 22 November 1955, making it 71+ years old. It is registered with the Registrar of Companies, Kolkata.
Nif Ispat has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.3 Cr; the latest was in November 2021.
The peers of Nif Ispat by revenue are Universal Autofoundry Limited, Sri Ranganathar Valves Private Limited, Caspro Metal Industries Pvt.Ltd, Vishal Manufacturer Private Limited, Eastern Alloys Private Limited and 4 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Juhi Mimani ceased to be Director on 08 Nov 2011. Sugam Madhogaria ceased to be Additional Director on 09 Sep 2011. Sugam Madhogaria was appointed as Whole-Time Director on 16 Apr 2011. Nif Ispat has 7 board changes on record in total.
Yes, Nif Ispat is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-08-0002015).
Nif Ispat has 8 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages