About Nipha Limited
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Nipha Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 17 July 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1973PLC028897. Its GSTIN is 19AAACN9099H1ZV (West Bengal). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.74 Cr. It was formerly known as Nipha Exports Private Limited. It is led by directors including Rakesh Shah (Managing Director) and Anupam Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 48 Ganga Jamuna 28/1 Shakespeare Sarani, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2024, the company reported a revenue of ₹483.07 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹64.73 Cr (net margin 13.4%) and EBITDA of ₹102.09 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 18% over five years.
The company has about 401 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹200.44 Cr and satisfied charges of ₹19.64 Cr on record. Court records list 44 cases involving the company, including 30 filed by the company and 14 filed against it; 4 cases are pending. The company has 7 deals on record (7 secondary share transfers); the latest was in March 2024. Its 8 peer companies in the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Navkaar Ispat Limited with revenue of ₹488.15 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 344 overdue payments to 38 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 niphaindia.com.
Company details
Name history
Nipha has undergone 2 name changes throughout its history. The company was previously known as Nipha Exports Private Limited, and Nipha Limited. The current legal name is Nipha Limited.
| Company Name | Status |
|---|---|
| Nipha Limited | Current |
| Nipha Exports Private Limited | Previous |
CIN history
Nipha has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51909WB1973PLC028897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1973PLC028897 | Current |
| U51909WB1973PTC028897 | Previous |
| U30200WB1973PLC028897 | Previous |
Contact details
Nipha Limited's registered office is in Kolkata, West Bengal.
- Registered Address48 Ganga Jamuna 28/1 Shakespeare Sarani, Kolkata, West Bengal, India – 700017
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment, Industrial Tools & Components
- 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
Business activity
The main business activity of Nipha 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 Nipha Limited, buy the company report.
Financials of Nipha Limited
FY 2024 filings availableNipha Limited reported revenue of ₹483.07 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹102.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.73 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | ||||
| Net Profit Margin | 13.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Nipha Limited, buy the company report.
Board of directors and KMP of Nipha Limited
Nipha Limited currently reports 11 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anupam Shah Also directs: Nipha Rail & Engineers Private Limited, Eepc India, Kisaango Agrosol Private Limited and 5 more | Whole-Time Director | 09 Sep 1994 | 32 Years 2 Months | Current |
| Anshuman Shah Also directs: G N Distributors Pvt Ltd | Whole-Time Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Shashank Shah Also directs: Nipha Enterprises LLP, Nipha Rail & Engineers Private Limited, Kisaango Agrosol Private Limited and 4 more | Whole-Time Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Diksha Shah Also directs: Nipha Finance Private Limited, Sarwadi Finance Private Limited | Whole-Time Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Ramesh Chandra Shah Also directs: Nipha Estates Private Limited, Envisage Nirmaan Private Limited | Whole-Time Director | 04 Jun 1976 | 50 Years 5 Months | Current |
| Tushar Shah Also directs: Nipha Rail & Engineers Private Limited, Eepc India, Kisaango Agrosol Private Limited and 2 more | Whole-Time Director | 30 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Nipha Limited is compared with the 8 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Navkaar Ispat Limited | ₹488.15 Cr (FY 2025) | -12.0% | Kutch, Gujarat, India | |||
| Ardent Steel Private Limited | ₹487.55 Cr (FY 2025) | -7.0% | Raipur, Chhattisgarh, India | |||
| Viki Industries Private Limited | ₹486.26 Cr (FY 2022) | 61.0% | Chennai, Tamil Nadu, India | |||
| Pilania Industries India Private Limited | ₹484.04 Cr (FY 2025) | 14.0% | Durg, Chhattisgarh, India | |||
| Nipha Limitedthis company | ₹483.07 Cr (FY 2024) | ₹64.73 Cr | 13.4% | -7.0% | Kolkata, West Bengal, India | |
| Ganraj Ispat Private Limited | ₹481.41 Cr (FY 2025) | -9.0% | Ahmednagar, Maharashtra, India | |||
| Premier Industrial Corporation Limited | ₹481.04 Cr (FY 2025) | 40.0% | Mumbai, Maharashtra, India | |||
| Krishna Iron Strips and Tubes Pvt Ltd | ₹480.33 Cr (FY 2025) | -13.0% | Raipur, Chhattisgarh, India | |||
| K R Auto Components Private Limited | ₹480.18 Cr (FY 2025) | 15.0% | Faridabad, Haryana, India |
To see the full peer comparison of Nipha Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2025 | 101179365 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 15 Oct 2025 | 101173385 | Hdfc Bank Limited | ₹36 Lakh | Open | |
| 21 Jun 2023 | 100781023 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 30 Mar 2023 | 100703616 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 09 Nov 2022 | 100707324 | Hdfc Bank Limited | ₹18 Lakh | Open |
To see the full charge records of Nipha Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Nipha Limited has 7 deals on record (7 secondary share transfers); the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Madanlal Ghanshyam Das Shah Huf, 3 individuals Seller: 4 individuals |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Mahesh Chandra Shah Huf, 3 individuals Seller: 4 individuals |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Ramesh Chandra Shah Huf, 3 individuals Seller: 4 individuals |
To see the full deal history of Nipha 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
Nipha Limited has 44 court cases on record: 30 filed by Nipha, 14 filed against it. 4 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 7 | 2 |
| District courts | 8 | 3 | 2 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (C A) | Filed against the company by India Forge and Drop Stampings Limited | Disposed |
| High Court, HARYANA | Revision petition | Filed against the company by M/S India Forge & Drop Stampings Ltd | Disposed |
| High Court | Company petition | Filed against the company by In the Matter of Jagannath Textile Co. Ltd. | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against Jagannath Textile Company Ltd | Disposed |
| High Court | Civil suit | Filed by the company against Jagannath Textile Company Limited | Disposed |
To see the full case history of Nipha 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
Nipha Limited was last rated by Crisil on 10 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Dec 2019 |
To see the full credit ratings and regulatory alerts of Nipha Limited, buy the company report.
MSME payment delays
Nipha Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 344 overdue payments to 38 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 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metaflux Company Pvt. Ltd. | |||
| Super Seals (India) Private Limited | |||
| Akj Engineers Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nipha Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nipha has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACN9099H1ZV | West Bengal | Active | 01 Jul 2017 |
| 19AAACN9099H2ZU | West Bengal | Active | 22 Sep 2018 |
| 19AAACN9099H1D4 | West Bengal | Active | 06 Nov 2024 |
| 06AAACN9099H1Z2 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nipha Limited, buy the company report.
Recent activity
Nipha Limited has 20 board changes on record since 1973: 12 appointments and 8 cessations. The latest: Diksha Shah ceased to be CEO on 01 Oct 2024.
37 earlier events are in the company report.
Frequently asked questions
Nipha is an active public limited company based in Kolkata, West Bengal, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 17 July 1973 (53+ years old) and is registered under CIN U51909WB1973PLC028897.
Nipha has 12 current directors and KMP:
- Rakesh Shah - Managing Director
- Anupam Shah - Whole-Time Director
- Anshuman Shah - Whole-Time Director
- Shashank Shah - Whole-Time Director
- Diksha Shah - Whole-Time Director
- Ramesh Chandra Shah - Whole-Time Director
- Tushar Shah - Whole-Time Director
- Mahesh Chandra Shah - Whole-Time Director
- Aakash Shah - Whole-Time Director
- Siddharth Shah - Whole-Time Director
- Pawan Kumar Shah - Whole-Time Director
- Sanjay Sharma - Cfo
The latest financial statements of Nipha on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nipha is 19AAACN9099H1ZV, registered in West Bengal. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAACN9099H2ZU (West Bengal), 19AAACN9099H1D4 (West Bengal), 06AAACN9099H1Z2 (Haryana).
The CIN (Corporate Identification Number) of Nipha is U51909WB1973PLC028897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nipha has 44 court cases on record: 30 filed by the company and 14 filed against it. 4 are pending. Most are in the high courts.
Nipha was incorporated on 17 July 1973, making it 53+ years old. It is registered with the Registrar of Companies, Kolkata.
Nipha has 7 deals on record (7 secondary share transfers); the latest was in March 2024.
The peers of Nipha by revenue are Navkaar Ispat Limited, Ardent Steel Private Limited, Viki Industries Private Limited, Pilania Industries India Private Limited, Ganraj Ispat Private Limited and 3 more, all in the same principal business activity (metal and metal products).
Diksha Shah ceased to be CEO on 01 Oct 2024. Tushar Shah ceased to be CEO on 01 Oct 2024. Aakash Shah was appointed as Whole-Time Director on 30 Sep 2024. Nipha has 20 board changes on record in total.
Nipha has 11 MSME Form 1 returns on record between 2019 and 2023, listing 344 overdue payments to 38 micro and small suppliers. The latest return was filed on 05 Feb 2024.
Nipha can be reached through the website niphaindia.com. Its registered office is in Kolkata, West Bengal, India.
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