DPIIT recognised startup Government of India
Startup India
Nikromax India Private Limited - electrnoics in Bhopal, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.06 Lakh
▲ 26% YoY
Net loss · FY 2025
₹2.88 Lakh
Net margin -19.1%
EBITDA · FY 2025
-₹2.76 Lakh
EBITDA margin -18.4%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹2.5 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Nikromax India Private Limited
Data last updated:
Nikromax India Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 20 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31909MP2021PTC056762. Its GSTIN is 23AAHCN7076K1Z3 (Madhya Pradesh).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors Nitin Verma (Managing Director) and Prashant Verma.
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 Bhopal, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.06 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹2.88 Lakh (net margin -19.1%) and EBITDA of -₹2.76 Lakh (EBITDA margin -18.4%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company is associated with 1 brand: Nikromax.
Nikromax India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-38-0005278). For more details, the company can be reached via its website nikromax.com.
Company details
CIN U31909MP2021PTC056762
Registration Number 056762
Incorporation Date 20 July 2021
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MP-38-0005278
Recognitions & Rankings of Nikromax India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-38-0005278
Contact details
Nikromax India Private Limited's registered office is in Bhopal, Madhya Pradesh. Its website is nikromax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 212/1/4/1/1/1, Godhar, Bhopal, Madhya Pradesh, India – 486001
- IndustryElectrnoics, Electrical Equipment, Manufacturing
To see the full contact details of Nikromax India Private Limited, buy the company report.
Comprehensive company report
Nikromax India 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
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Brands
Nikromax India operates one associated brand: Nikromax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of nickel chromium alloy wires for industrial applications. | nikromax.com |
Business activity
The main business activity of Nikromax 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 Nikromax India Private Limited, buy the company report.
Financials of Nikromax India Private Limited
FY 2025 filings availableNikromax India Private Limited reported revenue of ₹15.06 Lakh (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹15.06 Lakh ▲ 26%
Net loss · FY 2025
₹2.88 Lakh margin -19.1%
EBITDA · FY 2025
-₹2.76 Lakh margin -18.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▼ 174%
Revenue has grown at a compounded annual rate (CAGR) of 36% over three years, including 26% growth in the latest year. EBITDA rose 11% 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 |
|---|---|---|---|---|
| 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 | -₹2.76 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.88 Lakh | |||
| 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -18.4% | |||
| Net Profit Margin | -19.1% | |||
| 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 Nikromax India Private Limited, buy the company report.
Board of directors of Nikromax India Private Limited
Nikromax India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Verma | Managing Director | 20 Jul 2021 | 5 Years 3 Months | Current |
| Prashant Verma | Director | 20 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Nikromax India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Heatech Induction Private Limited | ₹15.19 Lakh (FY 2024) | 210.0% | Khambhat, Gujarat, India | |||
| Maxtreme Engineering Private Limited | ₹15.14 Lakh (FY 2025) | -15.0% | Chennai, Tamil Nadu, India | |||
| Concept Tech-Know Equipments Private Limited | ₹15.14 Lakh (FY 2025) | -36.0% | Pune, Maharashtra, India | |||
| Techno Care Water Solutions Private Limited | ₹15.11 Lakh (FY 2016) | -43.0% | Aurangabad, Maharashtra, India | |||
| Advance Welding India Private Limited | ₹15.07 Lakh (FY 2025) | -2.0% | Nashik, Maharashtra, India | |||
| Nikromax India Private Limitedthis company | ₹15.06 Lakh (FY 2025) | -₹2.88 Lakh | -19.1% | 26.0% | Bhopal, Madhya Pradesh, India | |
| Usbrit Electronics Private Limited | ₹15 Lakh (FY 2024) | 48256.0% | Greater Noida, Uttar Pradesh, India | |||
| Aspyre Unibuild Private Limited | ₹15 Lakh (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Powerdrive Engineering Solutions Private Limited | ₹14.99 Lakh (FY 2022) | Bangalore, Karnataka, India | ||||
| Synchronize Automation Private Limited | ₹14.95 Lakh (FY 2024) | -2.0% | Rajkot, Gujarat, India | |||
| Presevi Industries Private Limited | ₹14.94 Lakh (FY 2025) | 456.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Nikromax India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nikromax 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
No delayed payments to MSME suppliers are on our record for Nikromax India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nikromax India Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
Active EPFO establishments
1
GST
Nikromax India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCN7076K1Z3 | Madhya Pradesh | Active | 22 Aug 2021 |
To see the full GST registrations and return filing status of Nikromax India Private Limited, buy the company report.
Recent activity
Nikromax India Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Nitin Verma ceased to be Director on 18 Aug 2021.
AGM
Nikromax India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nikromax India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Nitin Verma ceased to be Director.
Appointed
Nitin Verma was appointed as Managing Director.
Appointed
Prashant Verma was appointed as Director.
Incorporation
20 Jul 2021
Nikromax India Private Limited was registered on 20 Jul 2021 with Roc Gwalior & aged 5 years 3 months as per MCA records.
Frequently asked questions
Nikromax India is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 20 July 2021 (5+ years old) and is registered under CIN U31909MP2021PTC056762.
Nikromax India has 2 current directors:
- Nitin Verma - Managing Director
- Prashant Verma - Director
The latest financial statements of Nikromax India 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 FY 2022 are in the company report.
The GSTIN of Nikromax India is 23AAHCN7076K1Z3, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Nikromax India is U31909MP2021PTC056762. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nikromax India was incorporated on 20 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Nikromax India by revenue are Heatech Induction Private Limited, Maxtreme Engineering Private Limited, Concept Tech-Know Equipments Private Limited, Techno Care Water Solutions Private Limited, Advance Welding India Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Nitin Verma ceased to be Director on 18 Aug 2021. Nitin Verma was appointed as Managing Director on 20 Jul 2021. Prashant Verma was appointed as Director on 20 Jul 2021.
Yes, Nikromax India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Nikromax India is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-38-0005278).
Nikromax India can be reached through the website nikromax.com. Its registered office is in Bhopal, Madhya Pradesh, India.
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