About North Eastern Development Finance Corporation Limited
Data last updated:
North Eastern Development Finance Corporation Limited is a public limited union government company based in Guwahati, Assam, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U65923AS1995GOI004529. Its GSTIN is 18AAACN6950D1ZJ (Assam). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹100 Cr. It is led by directors including Venkata Suryalakshmi Narasimha Murthy Poduri (Managing Director) and Mohmmad Nazmuddin.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nedfi House G.S. Road Dispur, Guwahati, Assam, India – 781006.
As per the financials filed for FY 2024, the company reported a revenue of ₹239.22 Cr, a growth of 15.28% compared to the previous year.
The company has about 156 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: NEDFi. As per MCA filings, the company has open charges of ₹645.72 Cr and satisfied charges of ₹100 Cr on record. Court records list 462 cases involving the company, including 262 filed by the company and 200 filed against it; 90 cases are 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 nedfi.com.
Company details
CIN history
North Eastern Development Finance Corporation has one previous CIN (Corporate Identification Number): U75111AS1995PTC004529. The current CIN is U65923AS1995GOI004529, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923AS1995GOI004529 | Current |
| U75111AS1995PTC004529 | Previous |
Contact details
North Eastern Development Finance Corporation Limited's registered office is in Guwahati, Assam. Its website is nedfi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNedfi House G.S. Road Dispur, Guwahati, Assam, India – 781006
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of North Eastern Development Finance Corporation 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
Business activity
North Eastern Development Finance Corporation operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of North Eastern Development Finance Corporation Limited, buy the company report.
Financials of North Eastern Development Finance Corporation Limited
FY 2025 filings availableNorth Eastern Development Finance Corporation Limited reported revenue of ₹239.22 Cr (up 15.28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15.28% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Revenue | ₹239.22 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of North Eastern Development Finance Corporation Limited, buy the company report.
Board of directors and KMP of North Eastern Development Finance Corporation Limited
North Eastern Development Finance Corporation Limited currently reports 14 directors and 1 key managerial person. 64 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohmmad Nazmuddin | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Donald Phillips Wahlang | Director | 31 Oct 2023 | 3 Years 0 Months | Current |
| Ugen Tashi | Director | 21 Jul 2022 | 4 Years 3 Months | Current |
| Nandita Hazarika | Director | 12 Oct 2023 | 3 Years 0 Months | Current |
| Bibekananda Acharya | Nominee Director | 11 Oct 2023 | 3 Years 0 Months | Current |
| Anoop Kumar | Director | 20 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
North Eastern Development Finance Corporation Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| North Eastern Development Finance Corporation Limitedthis company | ₹239.22 Cr (FY 2024) | 15.3% | 156 | Guwahati, Assam, India | ||
| Shamyak Investment Private Limited | ₹190.69 Cr (FY 2020) | 278.0% | Mumbai, Maharashtra, India | |||
| Mekaster Finlease Limited | ₹189.21 Cr (FY 2019) | 499.0% | New Delhi, Delhi, India | |||
| Ashv Finance Limited | ₹185.11 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India | |||
| Crest Ventures Limited | ₹184 Cr (FY 2024) | -72.0% | Mumbai, Maharashtra, India | |||
| Trucap Finance Limited | ₹182.84 Cr (FY 2024) | 48.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of North Eastern Development Finance Corporation Limited, buy the company report.
Auditor
North Eastern Development Finance Corporation Limited is audited by Jhuria & Company for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jhuria & Company | FY 2019 | 311081E |
Shareholding
The shareholding of North Eastern Development Finance Corporation Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of North Eastern Development Finance Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2026 | 101262037 | Others | ₹100 Cr | Open | |
| 05 Dec 2025 | 101197384 | Uco Bank | ₹150 Cr | Open | |
| 08 Oct 2024 | 100986017 | State Bank of India | ₹395.72 Cr | Open | |
| 30 Mar 2023 | 100699445 | Sidbi | ₹100 Cr | Satisfied |
To see the full charge records of North Eastern Development Finance Corporation Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
North Eastern Development Finance Corporation Limited has 462 court cases on record: 262 filed by North Eastern Development Finance Corporation, 200 filed against it. 90 cases are pending and 372 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 295 | 51 | 64 |
| High courts | 153 | 141 | 23 |
| Supreme Court | 6 | 5 | 2 |
| NCLT | 6 | 1 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 462)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Gauhati High Court | Interim or miscellaneous application | Filed against the company by M/S. Ishwar Food Products Pvt. Ltd. | Pending |
| High Court, Assam | Writ petition | Filed against the company by Barak Valley Cements Ltd | Pending |
| NCLT, NCLT Guwahati | Insolvency matter | Filed by the company against Nayak Infrastructure Private Limited | Pending |
| High Court, West Bengal | Court case (CO) | Filed against the company by Krishna Nirman Pvt. Ltd. Patita Paban Bishwal | Pending |
| High Court, Assam | Revision petition | Filed against the company by M/S Vaishno Devi Traders Private Limited | Disposed |
To see the full case history of North Eastern Development Finance Corporation 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
North Eastern Development Finance Corporation Limited was last rated by Care on 28 Nov 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Nov 2025 |
To see the full credit ratings and regulatory alerts of North Eastern Development Finance Corporation Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for North Eastern Development Finance Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
North Eastern Development Finance Corporation has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nedfi Venture Capital Limited | U65999AS2016GOI017522 | |
| Nedfi Trustee Limited | U65999AS2016GOI017525 |
To see the full group structure of North Eastern Development Finance Corporation Limited, buy the company report.
Employees & EPFO
North Eastern Development Finance Corporation Limited has a workforce of 156 employees on its EPFO records as of Jan 04, 2025, across 1 active EPFO establishment.
GST
North Eastern Development Finance Corporation has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAACN6950D1ZJ | Assam | Active | 01 Jul 2017 |
| 11AAACN6950D1ZX | Sikkim | Active | 01 Jul 2017 |
| 12AAACN6950D1ZV | Arunachal Pradesh | Active | 01 Jul 2017 |
| 13AAACN6950D1ZT | Nagaland | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of North Eastern Development Finance Corporation Limited, buy the company report.
Recent activity
North Eastern Development Finance Corporation Limited has 79 board changes on record since 2007: 15 appointments and 64 cessations. The latest: Atul Rathi was appointed as Additional Director on 31 Jul 2026.
76 earlier events are in the company report.
News
Frequently asked questions
North Eastern Development Finance Corporation is an active public limited union government company based in Guwahati, Assam, India. The company works in nbfc, within the financial services industry. It was incorporated on 09 August 1995 (31+ years old) and is registered under CIN U65923AS1995GOI004529.
North Eastern Development Finance Corporation has 15 current directors and KMP:
- Venkata Suryalakshmi Narasimha Murthy Poduri - Managing Director
- Mohmmad Nazmuddin - Director
- Donald Phillips Wahlang - Director
- Ugen Tashi - Director
- Nandita Hazarika - Director
- Bibekananda Acharya - Nominee Director
- Anoop Kumar - Director
- Kaushik Sinha - Director
- Ravi Kota - Director
- Sahadevan Asari Radhakrishnan - Director
- Manish Gupta - Additional Director
- Niraj Kumar - Director
- Prabhash Bose - Additional Director
- Atul Rathi - Additional Director
- Veekash Kumar Agarwal - Company Secretary
The latest financial statements of North Eastern Development Finance Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of North Eastern Development Finance Corporation is 18AAACN6950D1ZJ, registered in Assam. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 11AAACN6950D1ZX (Sikkim), 12AAACN6950D1ZV (Arunachal Pradesh), 13AAACN6950D1ZT (Nagaland).
The CIN (Corporate Identification Number) of North Eastern Development Finance Corporation is U65923AS1995GOI004529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
North Eastern Development Finance Corporation has 462 court cases on record: 262 filed by the company and 200 filed against it. 90 are pending. Most are in the district courts.
North Eastern Development Finance Corporation was incorporated on 09 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Guwahati.
The peers of North Eastern Development Finance Corporation by revenue are Shamyak Investment Private Limited, Mekaster Finlease Limited, Ashv Finance Limited, Crest Ventures Limited, Trucap Finance Limited, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Atul Rathi was appointed as Additional Director on 31 Jul 2026. Manish Gupta was appointed as Additional Director on 03 Apr 2026. Prabhash Bose was appointed as Additional Director on 16 Jul 2025. North Eastern Development Finance Corporation has 79 board changes on record in total.
North Eastern Development Finance Corporation can be reached through the website nedfi.com. Its registered office is in Guwahati, Assam, India.
The registered office of North Eastern Development Finance Corporation is at Nedfi House G.S. Road Dispur, Guwahati, Assam, India – 781006.
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