About Nifco India Private Limited
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Nifco India Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Nifco Inc., Japan. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 25 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U25203HR2010FTC040767. Its GSTIN is 06AADCN3340G1ZT (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹162.05 Cr. It is led by directors including Udaya Shankar (Managing Director) and Masaharu Shibao.
Its last annual general meeting (AGM) was held on 02 April 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Plot No. 122 Sector 8 Industrial Estate Imt – Manesar, Gurgaon, Haryana, India – 122050.
As per the financials filed for FY 2023, the company reported a revenue of ₹154.31 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹15.58 Cr (net margin 10.1%) and EBITDA of ₹32.79 Cr (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company has about 149 employees on its provident fund (EPFO) records.
The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹35 Cr; the latest was in April 2021. The company has 5 MSME Form 1 returns on record between 2021 and 2024, listing 17 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nifcoindia.com.
Company details
Contact details
Nifco India Private Limited's registered office is in Gurgaon, Haryana. Its website is nifcoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 122 Sector 8 Industrial Estate Imt – Manesar, Gurgaon, Haryana, India – 122050
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Nifco India Private 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
Financials of Nifco India Private Limited
FY 2024 filings availableNifco India Private Limited reported revenue of ₹154.31 Cr (up 49% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 49% growth in the latest year. EBITDA rose 57% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹154.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.58 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.2% | ||||
| Net Profit Margin | 10.1% | ||||
| 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 Nifco India Private Limited, buy the company report.
Board of directors of Nifco India Private Limited
Nifco India has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udaya Shankar | Managing Director | 01 Mar 2014 | 12 Years 8 Months | Current |
| Masaharu Shibao | Director | 24 Jun 2022 | 4 Years 4 Months | Current |
| Ken Yokota | Director | 27 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Nifco India Private Limited is audited by S C And Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C And Associates | FY 2023 | 023951N |
Shareholding
The shareholding of Nifco India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nifco India Private Limited, buy the company report.
Deals & funding
Nifco India Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹35 Cr; the latest was in April 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Rights issue | ₹53 Cr | Investors: Nifco Inc. |
| Nov 2013 | Funding round | ₹5 Cr | Investors: Nifco Inc. |
| Dec 2011 | Funding round | ₹30 Cr | Investors: Nifco Inc. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Nifco India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Nifco India Private Limited has 5 MSME Form 1 returns on record between 2021 and 2024, listing 17 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sarv Sai Industries | |||
| S.S Industries | |||
| an individual supplier | |||
| U & M Overseas Private Limited | |||
| A& P Industrial Corporation |
To see the full MSME payment records of Nifco India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nifco India Private Limited has a workforce of 149 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 149 |
| 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 Nifco India Private Limited, buy the company report.
GST
Nifco India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCN3340G1ZT | Haryana | Active | 01 Jul 2017 |
| 24AADCN3340G1ZV | Gujarat | Active | 09 Feb 2018 |
To see the full GST registrations and return filing status of Nifco India Private Limited, buy the company report.
Recent activity
Nifco India Private Limited has 33 board changes on record since 2010: 18 appointments and 15 cessations. The latest: Hirokuni Ishigaki ceased to be Director on 27 Feb 2025.
24 earlier events are in the company report.
Frequently asked questions
Nifco India is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 25 June 2010 (16+ years old) and is registered under CIN U25203HR2010FTC040767.
Nifco India has 3 current directors:
- Udaya Shankar - Managing Director
- Masaharu Shibao - Director
- Ken Yokota - Director
The latest financial statements of Nifco India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 02 April 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nifco India is 06AADCN3340G1ZT, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCN3340G1ZV (Gujarat).
The CIN (Corporate Identification Number) of Nifco India is U25203HR2010FTC040767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nifco India was incorporated on 25 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Nifco India has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹35 Cr; the latest was in April 2021.
Hirokuni Ishigaki ceased to be Director on 27 Feb 2025. Ken Yokota was appointed as Director on 27 Feb 2025. Mitsunobu Kubo ceased to be Director on 27 Feb 2025. Nifco India has 33 board changes on record in total.
Nifco India has 5 MSME Form 1 returns on record between 2021 and 2024, listing 17 overdue payments to 13 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nifco India can be reached through the website nifcoindia.com. Its registered office is in Gurgaon, Haryana, India.
The registered office of Nifco India is at Plot No. 122 Sector 8 Industrial Estate Imt – Manesar, Gurgaon, Haryana, India – 122050.
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