MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-24-0003239
Nik -San Engineering Company Limited - energy and power in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹41.82 Cr
▼ 49% YoY
Net loss · FY 2021
₹10.8 Cr
Net margin -25.8%
EBITDA · FY 2021
-₹6.95 Cr
EBITDA margin -16.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹108.41 Cr
Company age
22 yrs
Est. 2004
Directors on board
7
As per MCA filings
About Nik -San Engineering Company Limited
Data last updated:
Nik -San Engineering Company Limited is a public limited company based in Thane, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 21 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31102MH2004PLC235017. Its GSTIN is 24AABCN8963D1ZG (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Niksan Engineering Company Private Limited and Nik -San Engineering Company Private Limited. It is led by directors including Sanjaykumar Rameshbhai Patel and Vithalbhai Nagjibhai Patel.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Sector 3, Thane, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹41.82 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹10.8 Cr (net margin -25.8%) and EBITDA of -₹6.95 Cr (EBITDA margin -16.6%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹108.41 Cr on record. Court records list 19 cases involving the company, including 10 filed by the company and 10 filed against it; 3 cases are pending.
Nik -San Engineering Company Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003239). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nik-san.com.
Company details
CIN U31102MH2004PLC235017
Registration Number 235017
Incorporation Date 21 January 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-24-0003239
Name history
Nik -San Engineering Company has undergone 2 name changes throughout its history. The company was previously known as Niksan Engineering Company Private Limited, and Nik -San Engineering Company Private Limited. The current legal name is Nik -San Engineering Company Limited.
| Company Name | Status |
|---|---|
| Nik -San Engineering Company Limited | Current |
| Niksan Engineering Company Private Limited | Previous |
| Nik -San Engineering Company Private Limited | Previous |
CIN history
Nik -San Engineering Company has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31102MH2004PLC235017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31102MH2004PLC235017 | Current |
| U31102GJ2004PLC043492 | Previous |
| U31102GJ2004PTC043492 | Previous |
Key People
Sanjaykumar Rameshbhai Patel Director Vithalbhai Nagjibhai Patel Director Nikulkumar Vitthalbhai Dhameliya Director Recognitions & Rankings of Nik -San Engineering Company
Contact details
Nik -San Engineering Company Limited's registered office is in Thane, Maharashtra. Its website is nik-san.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No 13 Flat 203 Floor No 2 Wing C, Aditya – C13 Shantinagar Aditya Chsl Shantinagar Sector 3, Thane, Maharashtra, India – 401107
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Nik -San Engineering Company Limited, buy the company report.
Comprehensive company report
Nik -San Engineering Company 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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Business activity
The main business activity of Nik -San Engineering Company 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 Nik -San Engineering Company Limited, buy the company report.
Financials of Nik -San Engineering Company Limited
FY 2021 filings availableNik -San Engineering Company Limited reported revenue of ₹41.82 Cr (down 49% YoY) for FY 2021.
Revenue · FY 2021
₹41.82 Cr ▼ 49%
Net loss · FY 2021
₹10.8 Cr margin -25.8%
EBITDA · FY 2021
-₹6.95 Cr margin -16.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 12%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 220%
3 years · compounded
▼ 50%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 49% fall in the latest year. EBITDA fell 220% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.8 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.6% | ||||
| Net Profit Margin | -25.8% | ||||
| 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 Nik -San Engineering Company Limited, buy the company report.
Board of directors of Nik -San Engineering Company Limited
Nik -San Engineering Company has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjaykumar Rameshbhai Patel | Director | 18 Nov 2024 | 1 Years 11 Months | Current |
| Vithalbhai Nagjibhai Patel | Director | 18 Nov 2024 | 1 Years 11 Months | Current |
| Nikulkumar Vitthalbhai Dhameliya | Director | 29 Aug 2024 | 2 Years 2 Months | Current |
| Pratik Karshanbhai Parabadia | Director | 29 Aug 2024 | 2 Years 2 Months | Current |
| Bhagirathsinh Girirajsinh Sarvaiya Also directs: Steema Exim Private Limited | Director | 18 Nov 2024 | 1 Years 11 Months | Current |
| Keval Manojbhai Patel Also directs: Prad Innovation LLP | Director | 18 Nov 2024 | 1 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Nik -San Engineering Company Limited 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 |
|---|---|---|---|---|---|---|
| Taruna Dechome Private Limited | ₹42.22 Cr (FY 2025) | 23.0% | Bikaner, Rajasthan, India | |||
| Synergy Power Equipment Private Limited | ₹42.04 Cr (FY 2025) | -13.0% | Jamshedpur, Jharkhand, India | |||
| Super Power Equipments Private Limited | ₹42.01 Cr (FY 2025) | 27.0% | Navi Mumbai, Maharashtra, India | |||
| Orissa Transformers Pvt Ltd | ₹41.99 Cr (FY 2024) | -10.0% | Khurda, Odisha, India | |||
| Sutek Systems (India) Private Limited | ₹41.89 Cr (FY 2025) | 22.0% | Bangalore, Karnataka, India | |||
| Nik -San Engineering Company Limitedthis company | ₹41.82 Cr (FY 2021) | -₹10.8 Cr | -25.8% | -49.0% | Thane, Maharashtra, India | |
| Adhunik Yantra Udyog Private Limited | ₹41.73 Cr (FY 2025) | 65.0% | New Delhi, Delhi, India | |||
| Sai Applied Technologies Private Limited | ₹41.66 Cr (FY 2025) | 8.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Nik -San Engineering Company Limited, buy the company report.
Auditor
Nik -San Engineering Company Limited is audited by M V K ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V K ASSOCIATES | FY 2021 | 120222W |
Shareholding
The shareholding of Nik -San Engineering Company Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nik -San Engineering Company Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
₹108.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2024 | 101017075 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 25 Mar 2022 | 100554961 | Others | ₹71 Lakh | Satisfied | |
| 02 Nov 2020 | 100392405 | Others | ₹1.42 Cr | Satisfied | |
| 21 Aug 2015 | 10598559 | Axis Bank Limited | ₹15 Lakh | Satisfied | |
| 09 Oct 2010 | 10250788 | Bank of Baroda | ₹9 Lakh | Satisfied |
To see the full charge records of Nik -San Engineering Company Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Nik -San Engineering Company Limited has 19 court cases on record: 10 filed by Nik -San Engineering Company, 10 filed against it. 3 cases are pending and 16 are disposed.
Total cases
19
Filed by the company
10
Filed against the company
10
Pending
3
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 0 |
| District courts | 5 | 5 | 2 |
| NCLAT | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Savita Oil Technologies Limited Through Rohan Raj Vaidya | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S Easun Reyrolle Limited Registered Office at Temple Town, 6Th Floor, No.672 (Old No. 476), Anna Salai, Nandanam, Chennai-600035 , , Tamil Nadu and 4 others | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Naresh Choudhary (Suspended Director of Nik-San Engineering Company Ltd.) | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Aesthetic Stampings & Laminations Limited and 1 other | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Sterling Enamelled Wires Pvt. Ltd. and Anr. and 1 other | Disposed |
To see the full case history of Nik -San Engineering Company 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
Nik -San Engineering Company Limited was last rated by Crisil on 02 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Jul 2020 |
To see the full credit ratings and regulatory alerts of Nik -San Engineering Company Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nik -San Engineering Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nik -San Engineering Company has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCN8963D1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nik -San Engineering Company Limited, buy the company report.
Recent activity
Nik -San Engineering Company Limited has 20 board changes on record since 2008: 7 appointments and 13 cessations. The latest: Bhagirathsinh Girirajsinh Sarvaiya ceased to be Additional Director on 29 Sep 2025.
Ceased
Bhagirathsinh Girirajsinh Sarvaiya ceased to be Additional Director.
Ceased
Keval Manojbhai Patel ceased to be Additional Director.
Ceased
Sanjaykumar Rameshbhai Patel ceased to be Additional Director.
Ceased
Vithalbhai Nagjibhai Patel ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 29 Nov 2024 with Charge ID 101017075 was modified on 23 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Cr with Charge ID 101017075 was registered on 29 Nov 2024.
Appointed
Bhagirathsinh Girirajsinh Sarvaiya was appointed as Director.
Appointed
Keval Manojbhai Patel was appointed as Director.
Appointed
Sanjaykumar Rameshbhai Patel was appointed as Director.
Appointed
Vithalbhai Nagjibhai Patel was appointed as Director.
Charges
A charge registered on 04 Oct 2006 via Charge ID 10021693 with Others was fully satisfied on 12 Nov 2024.
Charges
A charge registered on 25 Mar 2022 via Charge ID 100554961 with Others was fully satisfied on 12 Sep 2024.
38 earlier events are in the company report.
Frequently asked questions
Nik -San Engineering Company is an active public limited company based in Thane, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 21 January 2004 (22+ years old) and is registered under CIN U31102MH2004PLC235017.
Nik -San Engineering Company has 7 current directors:
- Sanjaykumar Rameshbhai Patel - Director
- Vithalbhai Nagjibhai Patel - Director
- Nikulkumar Vitthalbhai Dhameliya - Director
- Pratik Karshanbhai Parabadia - Director
- Bhagirathsinh Girirajsinh Sarvaiya - Director
- Keval Manojbhai Patel - Director
- Abhishek Naresh Choudhary - Director
The latest financial statements of Nik -San Engineering Company on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Nik -San Engineering Company is 24AABCN8963D1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Nik -San Engineering Company is U31102MH2004PLC235017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nik -San Engineering Company has 19 court cases on record: 10 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Nik -San Engineering Company was incorporated on 21 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nik -San Engineering Company by revenue are Taruna Dechome Private Limited, Synergy Power Equipment Private Limited, Super Power Equipments Private Limited, Orissa Transformers Pvt Ltd, Sutek Systems (India) 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).
Bhagirathsinh Girirajsinh Sarvaiya ceased to be Additional Director on 29 Sep 2025. Keval Manojbhai Patel ceased to be Additional Director on 29 Sep 2025. Sanjaykumar Rameshbhai Patel ceased to be Additional Director on 29 Sep 2025. Nik -San Engineering Company has 20 board changes on record in total.
Yes, Nik -San Engineering Company is registered as an MSME under Udyam registration (number: UDYAM-GJ-24-0003239).
Nik -San Engineering Company can be reached through the website nik-san.com. Its registered office is in Thane, Maharashtra, India.
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