About Nitin Fire Protection Industries Limited
Data last updated:
Nitin Fire Protection Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the fire safety and firefighting equipment segment of the machinery and industrial equipment sector. It was incorporated on 04 September 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29193MH1995PLC092323. Its GSTIN is 27AAACN1967G1ZF (Maharashtra). The company holds 9 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (532854) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹58.45 Cr. It is led by directors Nitin Mansukhlal Shah and Kailat Hariharan Vaidyanathan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 501 Delta Technology Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2018, the company reported a revenue of ₹66.87 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹167.21 Cr (net margin -250%) and EBITDA of -₹59.1 Cr (EBITDA margin -88.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company has about 35 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nitin Fire Protection. As per MCA filings, the company has open charges of ₹71.57 Cr and satisfied charges of ₹925.73 Cr on record. Court records list 23 cases involving the company, including 11 filed by the company and 12 filed against it; 2 cases are pending. The company has 43 deals on record (42 market trades, 1 ipo); the latest was in January 2022. Its 3 peer companies in the Machinery and Equipment industry (Firefighting Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 smaller; the largest is HD Fire Protect Limited with revenue of ₹450.67 Cr.
The last known website on record is nitinfire.com.
Company details
CIN history
Nitin Fire Protection Industries has one previous CIN (Corporate Identification Number): U29193MH1995PLC092323. The current CIN is L29193MH1995PLC092323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29193MH1995PLC092323 | Current |
| U29193MH1995PLC092323 | Previous |
Contact details
Nitin Fire Protection Industries Limited's registered office is in Mumbai, Maharashtra. Its website is nitinfire.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address501 Delta Technology Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryMachinery and Equipment, Fire Safety & Firefighting Equipment
To see the full contact details of Nitin Fire Protection Industries 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
Nitin Fire Protection Industries operates one associated brand: Nitin Fire Protection. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fire protection systems and related equipment are manufactured. | nitinfire.com |
Business activity
The main business activities of Nitin Fire Protection Industries are manufacturing, trade and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading and architecture, engineering activities, technical testing and analysis activities. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Nitin Fire Protection Industries Limited, buy the company report.
Financials of Nitin Fire Protection Industries Limited
FY 2018 filings availableNitin Fire Protection Industries Limited reported revenue of ₹66.87 Cr (down 33% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 33% fall in the latest year. EBITDA fell 225% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹66.87 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹59.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹167.21 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -88.4% | |||
| Net Profit Margin | -250% | |||
| 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 Nitin Fire Protection Industries Limited, buy the company report.
Board of directors and KMP of Nitin Fire Protection Industries Limited
Nitin Fire Protection Industries Limited currently reports 2 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Mansukhlal Shah | Director | 01 Apr 2006 | 20 Years 6 Months | As last reported |
| Kailat Hariharan Vaidyanathan Also directs: Eurotech Cylinders Private Limited | Director | 22 Apr 2008 | 18 Years 6 Months | As last reported |
| Rahul Nitin Shah | Ceo | 30 May 2018 | 8 Years 4 Months | As last reported |
Peer comparison
Nitin Fire Protection Industries Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Firefighting Products), 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 |
|---|---|---|---|---|---|---|
| HD Fire Protect Limited | ₹450.67 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Aryan Pumps & Enviro Solutions Private Limited | ₹258.16 Cr (FY 2024) | 3.0% | Pune, Maharashtra, India | |||
| Newage Fire Protection Industries Private Limited | ₹252.62 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Nitin Fire Protection Industries Limitedthis company | ₹66.87 Cr (FY 2018) | -₹167.21 Cr | -250% | -33.0% | 35 | Mumbai, Maharashtra, India |
To see the full peer comparison of Nitin Fire Protection Industries Limited, buy the company report.
Auditor
Nitin Fire Protection Industries Limited is audited by HARIBHAKTI & CO LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIBHAKTI & CO LLP | FY 2018 | 103523W |
Shareholding
The shareholding of Nitin Fire Protection Industries Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nitin Fire Protection Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2015 | 10598126 | Ifci Limited | ₹40 Cr | Open | |
| 11 Jun 2015 | 10579046 | Pnb Housing Finance Limited | ₹5.52 Cr | Open | |
| 20 Mar 2015 | 10565988 | Others | ₹5.3 Cr | Open | |
| 10 Dec 2014 | 10539626 | Ifci Limited | ₹20.75 Cr | Open | |
| 16 Nov 2016 | 100065747 | Others | ₹37 Lakh | Satisfied |
To see the full charge records of Nitin Fire Protection Industries Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Nitin Fire Protection Industries Limited has 43 deals on record (42 market trades, 1 ipo); the latest was in January 2022.
Deals on record (5 of 43)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Market trade | ₹4.3 Cr | Buyer: Diljit Broking & Infra LLP Seller: Sanjeet Motor Finance Private Limited |
| May 2011 | Market trade | ₹15.41 Cr | Buyer: Crosseas Capital Markets Private Limited , Bakshu Securities & Broker Private Limited Seller: Crosseas Capital Markets Private Limited , Bakshu Securities & Broker Private Limited |
| Sep 2010 | Market trade | ₹5.66 Cr | Buyer: an individual Seller: Bakshu Trading Private Limited , an individual |
| Aug 2010 | Market trade | ₹7.01 Cr | Buyer: Bakshu Securities & Broker Private Limited Seller: Bakshu Securities & Broker Private Limited |
| Aug 2010 | Market trade | ₹34.75 Cr | Buyer: Marwadi Shares and Finance Limited , Rishabh Kumar M Jain Huf, 2 individuals Seller: Marwadi Shares and Finance Limited , Rishabh Kumar M Jain Huf, 2 individuals |
To see the full deal history of Nitin Fire Protection Industries 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
Nitin Fire Protection Industries Limited has 23 court cases on record: 11 filed by Nitin Fire Protection Industries, 12 filed against it. 2 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 5 | 2 |
| District courts | 7 | 5 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Idbi Bank Ltd | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed against the company by Idbi Bank Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Idbi Bank Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by PNB Housing Finance Ltd | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Ifci Ltd. | Disposed |
To see the full case history of Nitin Fire Protection Industries 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
Nitin Fire Protection Industries Limited was last rated by Crisil on 30 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Jun 2020 |
To see the full credit ratings and regulatory alerts of Nitin Fire Protection Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nitin Fire Protection Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nitin Fire Protection Industries has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Eurotech Cylinders Private Limited | U28121MH2005PTC152345 |
To see the full group structure of Nitin Fire Protection Industries Limited, buy the company report.
Employees & EPFO
Nitin Fire Protection Industries Limited has a workforce of 35 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Nitin Fire Protection Industries has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1967G1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nitin Fire Protection Industries Limited, buy the company report.
Recent activity
Nitin Fire Protection Industries Limited has 27 board changes on record since 2006: 15 appointments and 12 cessations. The latest: Saroj Nitin Shah ceased to be Beneficial Owner on 29 Sep 2019.
64 earlier events are in the company report.
Frequently asked questions
Nitin Fire Protection Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Nitin Fire Protection Industries is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in fire safety and firefighting equipment, within the machinery and equipment industry. It was incorporated on 04 September 1995 and is registered under CIN L29193MH1995PLC092323. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nitin Fire Protection Industries has 3 current directors and KMP:
- Nitin Mansukhlal Shah - Director
- Kailat Hariharan Vaidyanathan - Director
- Rahul Nitin Shah - Ceo
The latest financial statements of Nitin Fire Protection Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nitin Fire Protection Industries is L29193MH1995PLC092323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitin Fire Protection Industries is recorded as a listed company by MCA, but trading in its shares on BSE (532854) has been suspended, so they do not currently trade on a stock exchange.
Nitin Fire Protection Industries has open charges of ₹71.57 Cr and satisfied charges of ₹925.73 Cr as per latest MCA filings.
Nitin Fire Protection Industries has 23 court cases on record: 11 filed by the company and 12 filed against it. 2 are pending. Most are in the high courts.
Nitin Fire Protection Industries was incorporated on 04 September 1995. It is registered with the Registrar of Companies, Mumbai.
Nitin Fire Protection Industries has 43 deals on record (42 market trades, 1 ipo); the latest was in January 2022.
The peers of Nitin Fire Protection Industries by revenue are HD Fire Protect Limited, Aryan Pumps & Enviro Solutions Private Limited, Newage Fire Protection Industries Private Limited, all in the Machinery and Equipment industry (Firefighting Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).