About Nirlep Appliances Private Limited
Data last updated:
Nirlep Appliances Private Limited was a private limited company based in Naigavahan, Maharashtra, India, operated as a subsidiary of Bajaj Electricals Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 16 July 1979.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1979PTC021470. Its GSTIN is 27AABCD3162G1ZX (Maharashtra). The company held 12 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹7.44 Cr. It was formerly known as Durware Private Limited and Nirlep Appliances Limited. It was led by directors including Amit Bhalla and Sanjay Murarka.
Its last annual general meeting (AGM) was held on 10 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Gut No. 16 Naigavahan Khandewadi Taluk Paithan Road, Maharashtra, India – 431105.
As per the financials filed for FY 2023, the company reported a revenue of ₹70.92 Cr. For the same year it recorded a net loss of ₹10 Cr (net margin -14.1%) and EBITDA of ₹29.23 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 9% over five years.
The company had about 136 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Nirlep. As per MCA filings, the company had satisfied charges of ₹16.3 Cr on record. Court records list 80 cases involving the company, including 65 filed by the company and 17 filed against it; 13 cases are pending. The company has 23 deals on record (16 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹6.53 Cr; the latest was in February 2022. The company has 18 MSME Form 1 returns on record between 2020 and 2023, listing 6,338 overdue payments to 131 micro and small suppliers.
The last known website on record is nirlep.com.
Company details
Name history
Nirlep Appliances has undergone 3 name changes throughout its history. The company was previously known as Durware Private Limited, Nirlep Appliances Limited, and Duraware Private Limited. The current legal name is Nirlep Appliances Private Limited.
| Company Name | Status |
|---|---|
| Nirlep Appliances Private Limited | Current |
| Durware Private Limited | Previous |
| Nirlep Appliances Limited | Previous |
| Duraware Private Limited | Previous |
CIN history
Nirlep Appliances has one previous CIN (Corporate Identification Number): U27200MH1979PLC021470. The current CIN is U27200MH1979PTC021470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1979PTC021470 | Current |
| U27200MH1979PLC021470 | Previous |
Contact details
Nirlep Appliances Private Limited's registered office is in Naigavahan, Maharashtra. Its website is nirlep.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGut No. 16 Naigavahan Khandewadi Taluk Paithan Road, Maharashtra, India – 431105
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Nirlep Appliances 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
Brands
Nirlep Appliances operates one associated brand: Nirlep. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of home appliances and lighting products | nirlep.com |
Financials of Nirlep Appliances Private Limited
FY 2023 filings availableNirlep Appliances Private Limited reported revenue of ₹70.92 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years. EBITDA rose 107% 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 | ₹70.92 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10 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 | 0.4% | ||||
| Net Profit Margin | -14.1% | ||||
| 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 Nirlep Appliances Private Limited, buy the company report.
Board of directors of Nirlep Appliances Private Limited
Nirlep Appliances 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 |
|---|---|---|---|---|
| Amit Bhalla | Director | 25 Jan 2019 | 7 Years 9 Months | As last reported |
| Sanjay Murarka | Director | 31 Aug 2018 | 8 Years 2 Months | As last reported |
| Samir Dhirajlal Shrimankar Also directs: Hind Lamps Private Limited, Rapidkart Online Private Limited, MSN Holdings Limited and 3 more | Director | 31 Aug 2018 | 8 Years 2 Months | As last reported |
Auditor
Nirlep Appliances Private Limited is audited by SRBC & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Nirlep Appliances 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 Nirlep Appliances Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2018 | 100222639 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied | |
| 22 May 2010 | 10225641 | The Saraswat Co-Operative Bank Limited | ₹19.46 Lakh | Satisfied | |
| 30 Jul 2007 | 10063473 | Bank of Maharashtra | ₹1 Cr | Satisfied | |
| 16 Nov 2005 | 90242805 | The Sarawat Bank | ₹5.79 Lakh | Satisfied | |
| 19 Sep 2002 | 80010222 | Thw Saraswat Co Op Bank Limited | ₹4.93 Lakh | Satisfied |
To see the full charge records of Nirlep Appliances Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Nirlep Appliances Private Limited has 23 deals on record (16 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹6.53 Cr; the latest was in February 2022.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Bajaj Electricals Limited & Anuj Poddar, Bajaj Electricals Limited & Ajay Nagle, Bajaj Electricals Limited and Shekhar Ramakrishna Bajaj Seller: BEL Employee Welfare Fund 2 A/c Atul Nandalal Pathak Binda Prasad Mishra, BEL Employee Welfare Fund 1 A/c Atul Nandalal Pathak Binda Prasad Mishra, Bel Employee Housing Welfare Fund A/c Atul Nandalal Pathak Binda Prasad Mishra |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Bajaj Electricals Limited Seller: 4 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Bel Employee Housing Welfare Fund A/c Atul Nandalal Pathak Binda Prasad Mishra Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Bel Employee Housing Welfare Fund A/c Atul Nandalal Pathak Binda Prasad Mishra Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: BEL Employee Welfare Fund 4 A/c Atul Nandalal Pathak Binda Prasad Mishra, BEL Employee Welfare Fund 3 A/c Atul Nandalal Pathak Binda Prasad Mishra, BEL Employee Welfare Fund 1 A/c Atul Nandalal Pathak Binda Prasad Mishra Seller: Ramchandra Bhogale (HUF), 3 individuals |
To see the full deal history of Nirlep Appliances 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
Nirlep Appliances Private Limited has 80 court cases on record: 65 filed by Nirlep Appliances, 17 filed against it. 13 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 9 | 6 |
| District courts | 22 | 8 | 7 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by The Maharashtra State Electricity Distribution Company Ltd Through Executive Engineer | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (REFERENCE IT) | Filed against the company by Nirlep Appliances Pvt Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (REFERENCE IT) | Filed by the company against Nirlep Appliances Ltd Kamgar Karmachari Kamgar Sanghatna | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (COMPLAINT ULP) | Filed against the company by President Nirlep Appliances Ltd Kamgar Karmachari Sanghatana | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (COMPLAINT ULP) | Filed by the company against Nirlep Appliances Pvt Ltd and One and 1 other | Disposed |
To see the full case history of Nirlep Appliances 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
Nirlep Appliances Private Limited was last rated by Care on 27 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Sep 2022 |
To see the full credit ratings and regulatory alerts of Nirlep Appliances Private Limited, buy the company report.
MSME payment delays
Nirlep Appliances Private Limited has 18 MSME Form 1 returns on record between 2020 and 2023, listing 6,338 overdue payments to 131 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 131)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nashik Packaging Private Limited | |||
| Triveni Packaging | |||
| S. N. Heat Treatment Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nirlep Appliances Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nirlep Appliances has 12 GST registrations: 1 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD3162G1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirlep Appliances Private Limited, buy the company report.
Recent activity
Nirlep Appliances Private Limited has 19 board changes on record since 2007: 3 appointments and 16 cessations. The latest: Rakesh Sorout ceased to be Additional Director on 11 Aug 2022.
20 earlier events are in the company report.
Frequently asked questions
Nirlep Appliances has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Nirlep Appliances was a private limited company based in Naigavahan, Maharashtra, India. The company worked in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 16 July 1979 and is registered under CIN U27200MH1979PTC021470. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nirlep Appliances was incorporated on 16 July 1979. It is registered with the Registrar of Companies, Mumbai.
Nirlep Appliances had 3 directors:
- Amit Bhalla - Director
- Sanjay Murarka - Director
- Samir Dhirajlal Shrimankar - Director
The CIN (Corporate Identification Number) of Nirlep Appliances is U27200MH1979PTC021470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nirlep Appliances is at Gut No. 16 Naigavahan Khandewadi Taluk Paithan Road, Maharashtra, India – 431105.
Nirlep Appliances can be reached through the website nirlep.com. Its registered office is in Naigavahan, Maharashtra, India.
The latest financial statements of Nirlep Appliances on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 10 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirlep Appliances is 27AABCD3162G1ZX, registered in Maharashtra. The company has 12 GST registrations in all, of which 1 is active and 11 are cancelled or inactive.
Nirlep Appliances operated in the home and lifestyle industry, in the crockery and kitchenware manufacturing segment.
Nirlep Appliances has 23 deals on record (16 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹6.53 Cr; the latest was in February 2022.
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