Nitiraj Engineers Limited - Company Profile

Q: Who are the current directors of Nitiraj Engineers Limited?

The current directors of Nitiraj Engineers Limited are Gajendra Sharadchandra Deshmukh, Anil Nandkishor Bangad, Pradeep Chandrakant Shah, Rajesh Raghunath Bhatwal, Yi Hung Sin, Pranit Anil Bangad, Avinash Rajaram Chandsarkar, Deepam Pradeep Shah, Shakuntala Rajesh Bhatwal, Deepika Amit Dalmiya, Ashishkumar Gopalkrushna Sharma.

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1999.

1999 Mumbai, Maharashtra, India Active

Last Updated: January 11, 2026

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About Nitiraj Engineers Limited

Nitiraj Engineers Limited, a active public limited company, was established on 01 April 1999 in Mumbai, Maharashtra, India. Engaging in industrial testing & measurement equipment within the manufacturing sector, it holds CIN: L31909MH1999PLC119231. Registered under ROC Roc Mumbai. it is listed on NSE: NITIRAJ. It has an authorized capital of ₹11.00 Cr and a paid-up capital of ₹10.25 Cr.

Formerly known as Nitiraj Engineers Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹46.55 Cr and a net worth of ₹67.58 Cr. Employing 268 professional, Its leadership includes Gajendra Sharadchandra Deshmukh (Whole-Time Director), Anil Nandkishor Bangad (Director), Pradeep Chandrakant Shah (Director). Past directors included Kailas Madanlal Agrawal, Gajendra Sharadchandra Deshmukh, Anil Nandkishor Bangad. It holds ₹33.90 Cr open charges and ₹6.45 Cr settled loans. Its latest AGM occurred on 23 September 2025, with the balance sheet filed on 31 March 2025. It is based at 306 A Babha Bldgn M Marg Near Police Station, Mumbai, Maharashtra, 400011.

Company Details

CIN/LLPIN
L31909MH1999PLC119231
Registration Number
119231
Incorporation Date
01 April 1999
Authorized Capital
₹11.00 Cr
Paid-Up Capital
₹10.25 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (NSE: NITIRAJ)
Company Status
Active

Key Metrics

Authorised Capital ₹ 11.00 Cr as on 11-01-2026
Paid Up Capital ₹ 10.25 Cr as on 11-01-2026
Company Age 26 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 33.90 Cr as on 11-01-2026
Satisfied Charges ₹ 6.45 Cr as on 11-01-2026
Revenue Growth **** 15.77% (FY 2023)
Profit Growth **** 88.96% (FY 2023)
Ebitda **** 98.20% (FY 2023)
Net Worth -0.94% (FY 2023)
Total Assets **** 2.67% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Nitiraj Engineers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Nitiraj Engineers Limited?

Current Directors

Name	Designation	Appointment Date	Status
Gajendra Sharadchandra Deshmukh	Whole-Time Director	05 Feb 2024	Current
Anil Nandkishor Bangad	Director	12 Feb 2025	Current
Pradeep Chandrakant Shah	Director	05 Feb 2024	Current
Rajesh Raghunath Bhatwal	Managing Director	27 Apr 1999	Current
Yi Hung Sin	Whole-Time Director	01 Jul 2003	Current
Pranit Anil Bangad	Director	06 Jan 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Cfo	-	Past
Pramod Abcsdd	Additional Director	01 Apr 2024	Past
Pramod Abcsdd	Director	01 Dec 2021	Past
Pramod Abcsdd	Additional Director	15 Jun 2016	Past
Pramod Abcsdd	Director	01 Dec 2021	Past
Pramod Abcsdd	Additional Director	15 Jun 2016	Past

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Financial Performance of Nitiraj Engineers.

Nitiraj Engineers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.77% increase. The company also saw a substantial improvement in profitability, with a 88.96% increase in profit. The company's net worth dipped by a decrease of 0.94%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

15.77%

*******

Revenue from Operations

*******

16.29%

*******

Total Assets

*******

2.67%

*******

Profit or Loss

*******

88.96%

*******

Net Worth

*******

-0.94%

*******

EBITDA

*******

98.20%

*******

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What is the Ownership and Shareholding Structure of Nitiraj Engineers?

In 2023, Nitiraj Engineers had a promoter holding of 69.07% and a public holding of 30.93%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹339,000,000.00

Satisfied Charges

₹64,500,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 29.00 Cr
Others : 4.90 Cr

Latest Charge Details

Date	Lender	Amount	Status
08 Dec 2025	Others	₹4.90 Cr	Open
03 Aug 2010	Hdfc Bank Limited	₹29.00 Cr	Open
28 Apr 2000	State Bank Of India	₹1.45 Cr	Satisfied
28 Apr 2000	State Bank Of India	₹5.00 Cr	Satisfied

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How Many Employees Work at Nitiraj Engineers?

Nitiraj Engineers has a workforce of 268 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Nitiraj Engineers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nitiraj Engineers's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Nitiraj Engineers

Recent Activity within the Organization

Charges

A charge with Others amounted to Rs. 4.90 Cr with Charge ID 101210560 was registered on 08 Dec 2025. was recorded as a recent event.
08 Dec 2025
Annual General Meeting

Progress on Nitiraj Engineers Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records. was documented.
23 Sep 2025
Balance Sheet

Progress on Nitiraj Engineers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Charges

The activity A charge with Hdfc Bank Limited of Rs. 29.00 Cr registered on 03 Aug 2010 with Charge ID 10234837 was modified on 27 Mar 2025. was completed.
27 Mar 2025
Director Appointment

Anil Nandkishor Bangad was appointed as a Director was appointed as a Director on 12 Feb 2025 & has been associated with this company since 1 year 1 month . was recorded as a recent event.
12 Feb 2025
Director Appointment

Progress on Ashishkumar Gopalkrushna Sharma was appointed as a Cfo was appointed as a Cfo on 21 Jun 2024 & has been associated with this company since 1 year 8 months . was documented.
21 Jun 2024

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