MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-WB-10-0015618
Nortex Realty Limited
Nortex Realty Limited - financial services in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹4.35 Cr
▲ 49% YoY
Net loss · FY 2023
₹2.04 Lakh
Net margin -0.5%
EBITDA · FY 2023
₹2.72 Cr
EBITDA margin 62.4%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.02 Cr
Issued & subscribed
Open charges
₹62.8 Lakh
Satisfied ₹41.1 Cr
Company age
51 yrs
Est. 1975
Directors on board
3
As per MCA filings
About Nortex Realty Limited
Data last updated:
Nortex Realty Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 18 January 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U02102WB1978PLC031316. Its GSTIN is 19AABCN5366L2ZY (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.02 Cr. It was formerly known as Nortex Mills Ltd and Hope Paper Mills Limited. It is led by directors including Nikhil Poddar (Managing Director) and Ramesh Kumar Kedia.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hongkong House 31 B D Bagh, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.35 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹2.04 Lakh (net margin -0.5%) and EBITDA of ₹2.72 Cr (EBITDA margin 62.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹62.8 Lakh and satisfied charges of ₹41.1 Cr on record. Court records list 14 cases involving the company, including 6 filed by the company and 8 filed against it; 1 case is pending.
Nortex Realty Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0015618). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U02102WB1978PLC031316
Registration Number 031316
Incorporation Date 18 January 1975
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-WB-10-0015618
Name history
Nortex Realty has undergone 2 name changes throughout its history. The company was previously known as Nortex Mills Ltd, and Hope Paper Mills Limited. The current legal name is Nortex Realty Limited.
| Company Name | Status |
|---|---|
| Nortex Realty Limited | Current |
| Nortex Mills Ltd | Previous |
| Hope Paper Mills Limited | Previous |
CIN history
Nortex Realty has one previous CIN (Corporate Identification Number): U02102WB1978PTC031316. The current CIN is U02102WB1978PLC031316, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U02102WB1978PLC031316 | Current |
| U02102WB1978PTC031316 | Previous |
Key People
Nikhil Poddar Managing Director Ramesh Kumar Kedia Director Chandan Mukherjee Additional Director Recognitions & Rankings of Nortex Realty
Contact details
Nortex Realty Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressHongkong House 31 B D Bagh, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Nortex Realty Limited, buy the company report.
Comprehensive company report
Nortex Realty Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Nortex Realty is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Nortex Realty Limited, buy the company report.
Financials of Nortex Realty Limited
FY 2023 filings availableNortex Realty Limited reported revenue of ₹4.35 Cr (up 49% YoY) for FY 2023.
Revenue · FY 2023
₹4.35 Cr ▲ 49%
Net loss · FY 2023
₹2.04 Lakh margin -0.5%
EBITDA · FY 2023
₹2.72 Cr margin 62.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 8%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 8%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 49% growth in the latest year. EBITDA rose 73% 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 | ₹4.35 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.04 Lakh | ||||
| 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 | 62.4% | ||||
| Net Profit Margin | -0.5% | ||||
| 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 Nortex Realty Limited, buy the company report.
Board of directors of Nortex Realty Limited
Nortex Realty has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kumar Kedia Also directs: Nortex Fort Private Limited, Iris Health Services Limited, Hope Enterprises Private Limited and 5 more | Director | 01 Sep 1997 | 29 Years 1 Months | Current |
| Nikhil Poddar | Managing Director | 01 Apr 2007 | 19 Years 6 Months | Current |
| Chandan Mukherjee Also directs: Veetex Commerce Private Limited, Magma Estates Private Limited, Kritaka Enclave Private Limited and 5 more | Additional Director | 05 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Nortex Realty Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adjoin Built & Developers Private Limited | ₹4.36 Cr (FY 2018) | -75.0% | New Delhi, Delhi, India | |||
| Cashlan Projects Private Limited | ₹4.36 Cr (FY 2025) | 3.0% | Kalyan, Maharashtra, India | |||
| Trimurti Buildtech Private Limited | ₹4.35 Cr (FY 2025) | -34.0% | Uttar Pradesh, India | |||
| Nortex Realty Limitedthis company | ₹4.35 Cr (FY 2023) | -₹2.04 Lakh | -0.5% | 49.0% | Kolkata, West Bengal, India | |
| Kaveri Farms Private Limited | ₹4.35 Cr (FY 2025) | 314.0% | Delhi, India | |||
| Saburi Sai Ram Buildtech Private Limited | ₹4.32 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Ponni Tech Consulting Private Limited | ₹4.32 Cr (FY 2025) | 24.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Nortex Realty Limited, buy the company report.
Auditor
Nortex Realty Limited is audited by LODHA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & CO | FY 2023 | 301051E |
Shareholding
The shareholding of Nortex Realty Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nortex Realty Limited, buy the company report.
Charges & borrowings
Open charges
₹62.8 Lakh
Satisfied charges
₹41.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2024 | 101024518 | Others | ₹38 Lakh | Open | |
| 07 Oct 2023 | 100837653 | Hdfc Bank Limited | ₹12.8 Lakh | Open | |
| 26 Apr 2023 | 100714830 | Hdfc Bank Limited | ₹12 Lakh | Open | |
| 31 Mar 2023 | 100775446 | Hdfc Bank Limited | ₹11.1 Cr | Satisfied | |
| 31 Jul 2020 | 100355263 | Others | ₹79.06 Lakh | Satisfied |
To see the full charge records of Nortex Realty Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Nortex Realty Limited has 14 court cases on record: 6 filed by Nortex Realty, 8 filed against it. 1 case is pending and 13 are disposed.
Total cases
14
Filed by the company
6
Filed against the company
8
Pending
1
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 8 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Iris Health Services Limited. and 6 Ors. | Pending |
| High Court | Arbitration matter | Filed against the company by Bengal Home Industries Association | Disposed |
| High Court | Court case (APO) | Filed by the company against Bengal Home Industries Association | Disposed |
| Calcutta High Court | Court case (EC) | Filed against the company by Bajaj Allianz General Insurance Co. Ltd. | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by L and T Finance Limited | Disposed |
To see the full case history of Nortex Realty 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nortex Realty Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nortex Realty has 16 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
16
Associated companies
GST
Nortex Realty has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCN5366L2ZY | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nortex Realty Limited, buy the company report.
Recent activity
Nortex Realty Limited has 7 board changes on record since 1997: 5 appointments and 2 cessations. The latest: Biswajit Roy ceased to be Director on 05 Feb 2025.
Charges
A charge registered on 05 Dec 2018 via Charge ID 100226035 with Others was fully satisfied on 02 May 2025.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100775446 with Hdfc Bank Limited was fully satisfied on 11 Apr 2025.
Ceased
Biswajit Roy ceased to be Director.
Appointed
Chandan Mukherjee was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 0.38 Cr with Charge ID 101024518 was registered on 27 Dec 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 11.10 Cr registered on 31 Mar 2023 with Charge ID 100775446 was modified on 15 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 100837653 was registered on 07 Oct 2023.
AGM
Nortex Realty Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge registered on 31 Jul 2020 via Charge ID 100355263 with Others was fully satisfied on 23 Aug 2023.
Charges
A charge registered on 31 Dec 2016 via Charge ID 100081033 with Others was fully satisfied on 23 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 100714830 was registered on 26 Apr 2023.
Filing
Nortex Realty Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
22 earlier events are in the company report.
Frequently asked questions
Nortex Realty is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 18 January 1975 (51+ years old) and is registered under CIN U02102WB1978PLC031316.
Nortex Realty has 3 current directors:
- Nikhil Poddar - Managing Director
- Ramesh Kumar Kedia - Director
- Chandan Mukherjee - Additional Director
The latest financial statements of Nortex Realty on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Nortex Realty is 19AABCN5366L2ZY, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nortex Realty is U02102WB1978PLC031316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nortex Realty has 14 court cases on record: 6 filed by the company and 8 filed against it. 1 is pending.
Nortex Realty was incorporated on 18 January 1975, making it 51+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Nortex Realty by revenue are Adjoin Built & Developers Private Limited, Cashlan Projects Private Limited, Trimurti Buildtech Private Limited, Kaveri Farms Private Limited, Saburi Sai Ram Buildtech Private Limited and 1 more, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Biswajit Roy ceased to be Director on 05 Feb 2025. Chandan Mukherjee was appointed as Additional Director on 05 Feb 2025. Mrinal Nandi ceased to be Director on 04 Dec 2008. Nortex Realty has 7 board changes on record in total.
Yes, Nortex Realty is registered as a micro enterprise under Udyam registration (number: UDYAM-WB-10-0015618).
The registered office of Nortex Realty is at Hongkong House 31 B D Bagh, Kolkata, West Bengal, India – 700001.