About Nitcon Limited
Data last updated:
Nitcon Limited is a public limited company based in Chandigarh, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 28 March 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74140CH1984GOI005796. Its GSTIN is 04AACCN0199E1ZR (Chandigarh). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹23.49 Lakh. It was formerly known as North India Technical Consultancy Organisation Limited. It is led by directors including Satvinder Singh (Managing Director) and Sanjay Malhotra.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor Unit No. E2F Godrej Eternia Industrial Area Phase – 1, Chandigarh, India – 160002.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.18 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹3.28 Cr (net margin 4.1%) and EBITDA of ₹4.68 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 86% over three years and 51% over five years.
The company has about 474 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nitcon. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹2.13 Cr on record. Court records list 1 case involving the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nitcon.org.
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- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address2nd Floor Unit No. E2F Godrej Eternia Industrial Area Phase – 1, Chandigarh, India – 160002
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
Business Activity of Nitcon Limited
The main business activity of Nitcon is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Nitcon Limited FY 2025 filings available
Nitcon Limited reported revenue of ₹80.18 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nitcon Limited
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 47% growth in the latest year. EBITDA rose 69% 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 of Nitcon Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.28 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Nitcon Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Nitcon are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Nitcon Limited
Nitcon Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jindutt Creations Private Limited | ₹80.62 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Raipur, Chhattisgarh, India |
| Cynet Health India Private Limited | ₹80.6 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Noida, Uttar Pradesh, India |
| Sembcorp India Private Limited | ₹80.58 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Gurgaon, Haryana, India |
| 3S Touch Service Solutions Private Limited | ₹80.51 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Business Match Services (India) Private Limited | ₹80.26 Cr (FY 2024) | •••• | •••• | 77.0% | •••• | Mumbai, Maharashtra, India |
| Nitcon Limited this company | ₹80.18 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Chandigarh, India |
| Open Dhi Private Limited | ₹79.95 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Slsuresh Silverware Private Limited | ₹79.86 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Chennai, Tamil Nadu, India |
| Techno Economic Services Pvt Ltd | ₹79.65 Cr (FY 2020) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Protons Corporate Services Private Limited | ₹79.61 Cr (FY 2025) | •••• | •••• | 263.0% | •••• | Pardi, Gujarat, India |
| Infollion Research Services Limited | ₹79.54 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Nitcon by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Nitcon Limited
Nitcon has 9 current directors and 62 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Malhotra Also directs: Brightedge Tax Solutions Private Limited | Additional Director | 27 Jun 2025 | 1 Years 3 Months | Current |
| Davinder Pal Singh | Nominee Director | 26 Sep 2023 | 3 Years 0 Months | Current |
| Satvinder Singh Also directs: Nitcon Social Foundation | Managing Director | 24 Feb 2020 | 6 Years 7 Months | Current |
| Sanjeev Singh | Nominee Director | 08 May 2024 | 2 Years 5 Months | Current |
| Balbir Singh | Nominee Director | 07 Jan 2022 | 4 Years 9 Months | Current |
| Alok Perti | Nominee Director | 04 Jul 2019 | 7 Years 3 Months | Current |
Charges & Borrowings of Nitcon Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jan 2024 | Others | ₹15 Cr | Open |
| 14 Feb 2024 | Others | ₹2 Cr | Satisfied |
| 27 Feb 1997 | Panjab Natioal Bank | ₹2.5 Lakh | Satisfied |
| 27 Feb 1997 | Panjab Natioal Bank | ₹10 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Nitcon Limited
Nitcon Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Company is another party | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Nitcon Limited
Nitcon operates one associated brand: NITCON. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of services in entrepreneurship, management, energy conservation, and IT. | nitcon.org |
Employees and EPFO Compliance at Nitcon Limited
Employment history and EPFO contributions of people linked to Nitcon.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Nitcon Limited
Nitcon has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74140CH1984GOI005796, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140CH1984GOI005796 | Current |
| U74140CH1984PLC005796 | Previous |
| L74140CH1984PLC005796 | Previous |
Recent Activity on Nitcon Limited
Nitcon Limited has 71 board changes on record since 2007: 9 appointments and 62 cessations. The latest: Ravinder Kumar Garg was appointed as Additional Director on 27 Jun 2025.
70 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nitcon Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nitcon Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nitcon Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Nitcon Limited
Nitcon has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AACCN0199E1ZR | Chandigarh | Active | 01 Jul 2017 |
| 04AACCN0199E1D0 | Chandigarh | Active | 28 Nov 2018 |
| 07AACCN0199E1ZL | Delhi | Active | 21 Nov 2020 |
| 07AACCN0199E1DU | Delhi | Active | 10 Dec 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nitcon Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nitcon Limited
Nitcon is an active public limited company based in Chandigarh, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 28 March 1984 (42+ years old) and is registered under CIN U74140CH1984GOI005796.
Nitcon reported revenue of ₹80.18 Cr for FY 2025 (up 47% YoY).
Nitcon has 9 current directors:
- Satvinder Singh - Managing Director
- Sanjay Malhotra - Additional Director
- Davinder Pal Singh - Nominee Director
- Sanjeev Singh - Nominee Director
- Balbir Singh - Nominee Director
- Alok Perti - Nominee Director
- Rakesh Vishnu Ghole - Nominee Director
- Sanjay Krishna Ahuja - Nominee Director
- Ravinder Kumar Garg - Additional Director
Nitcon reported a net profit of ₹3.28 Cr (net margin 4.1%) and EBITDA of ₹4.68 Cr (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nitcon is 86% over three years and 51% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nitcon is 04AACCN0199E1ZR, registered in Chandigarh. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 04AACCN0199E1D0 (Chandigarh), 07AACCN0199E1ZL (Delhi), 07AACCN0199E1DU (Delhi).
The CIN (Corporate Identification Number) of Nitcon is U74140CH1984GOI005796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitcon has 1 court case on record. 1 is pending.
Nitcon was incorporated on 28 March 1984, making it 42+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Nitcon by revenue are Jindutt Creations Private Limited, Cynet Health India Private Limited, Sembcorp India Private Limited, 3S Touch Service Solutions Private Limited, Business Match Services (India) Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Ravinder Kumar Garg was appointed as Additional Director on 27 Jun 2025. Sanjay Malhotra was appointed as Additional Director on 27 Jun 2025. Kashmiri Lal Kukreja ceased to be Nominee Director on 08 May 2024. Nitcon has 71 board changes on record in total.