About NRC Limited
Data last updated:
NRC Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Sulochana Pedestal Private Limited. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 30 September 1946 and has been in existence for over 80 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH1946PLC005227. Its GSTIN is 27AAACN1616J1ZM (Maharashtra). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Nitin Ashok Sharma (Managing Director) and Bhavik Bharatkumar Shah.
Its last annual general meeting (AGM) was held on 18 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹25.82 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹12.61 Cr (net margin 48.8%) and EBITDA of ₹23.05 Cr (EBITDA margin 89.3%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 18% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,072.63 Cr and satisfied charges of ₹117.88 Cr on record. Court records list 693 cases involving the company, including 383 filed by the company and 303 filed against it; 89 cases are pending. The company has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020. Its 10 peer companies in the Manufacturing industry (Industrial Chemicals, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Sancheti Polytex Private Limited with revenue of ₹23.56 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nrclimited.com.
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- Website
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- Registered Address601 Hallmark Business Plaza, Opposite Guru Nanak Hospital Sant. Dnyaneshwar Marg, Mumbai, Maharashtra, India – 400051
- IndustryAppreal & Fashion, Leather, Textile, Apparel
- 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 NRC Limited
The main business activity of NRC is transport and storage. In detail, this covers warehousing and storage.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | 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 NRC Limited FY 2025 filings available
NRC Limited reported revenue of ₹25.82 Cr (up 10% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of NRC Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 10% growth in the latest year. EBITDA rose 20% 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 NRC Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹23.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.61 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 of NRC Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 48.8% | •••• | •••• | •••• | •••• |
| 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 NRC 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 NRC Limited
NRC Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Industrial Chemicals, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NRC Limited this company | ₹25.82 Cr (FY 2026) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Sancheti Polytex Private Limited | ₹23.56 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Kolkata, West Bengal, India |
| S G Fabrics Private Limited | ₹23.55 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Gandhi Nagar, Delhi, India |
| Maxwell Spun Melt Fabric Private Limited | ₹23.55 Cr (FY 2025) | •••• | •••• | 129.0% | •••• | Modasa, Gujarat, India |
| Creative Casuals (India) Pvt Ltd | ₹23.55 Cr (FY 2023) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Urvashi Synthetic Processors Private Limited | ₹23.53 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Uttar Pradesh, India |
| Introlines Private Limited | ₹23.52 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Tirupur, Tamil Nadu, India |
| Nirmal Balaji Spintex Private Limited | ₹23.52 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Panipat, Haryana, India |
| Avni Cloth Private Limited | ₹23.51 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Burhanpur, Madhya Pradesh, India |
| Gulmohar Embroideries Private Limited | ₹23.51 Cr (FY 2025) | •••• | •••• | 150.0% | •••• | Surat, Gujarat, India |
| Great Pangea Market Private Limited | ₹23.49 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below NRC by revenue in the Manufacturing industry (Industrial Chemicals, Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of NRC Limited
NRC Limited is audited by DHARMESH PARIKH & CO LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DHARMESH PARIKH & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of NRC Limited
NRC Limited currently reports 3 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhirajkumar Jitendra Kumar Pancholi Also directs: Adani Agri Logistics (Chandari) Limited, Adrita Realtors Limited, Adani Agri Logistics Katihar Two Limited and 5 more | Cfo | 22 Oct 2022 | 3 Years 11 Months | Current |
| Nitin Ashok Sharma | Managing Director | 23 Jul 2025 | 1 Years 2 Months | Current |
| Bhavik Bharatkumar Shah Also directs: Adani Trading Services LLP, Adani Ventures LLP, Sunanda Agri- Trade Private Limited and 5 more | Director | 01 Jul 2020 | 6 Years 3 Months | Current |
| Sunil Sharma Also directs: Swayam Realtors and Traders LLP, Adi Shantigram Estates LLP, Alinea Properties LLP and 5 more | Director | 16 Sep 2020 | 6 Years 0 Months | Current |
Ownership and Shareholding of NRC Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of NRC Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 May 2025 | Idbi Trusteeship Services Limited | ₹436 Cr | Open |
| 31 Dec 2008 | Others | ₹2.39 Cr | Open |
| 21 Dec 2006 | Others | ₹21.9 Cr | Open |
| 01 Feb 2006 | Others | ₹16.79 Cr | Open |
| 24 Nov 2005 | Others | ₹20.48 Cr | Open |
Total charge records: 74 View all charges
Deals & Funding of NRC Limited
NRC Limited has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Acquisition | ₹161.24 Cr | Buyer: Adani Properties Private Limited |
| Feb 2007 | Market trade | ₹2.29 Cr | Buyer: Shubh Shanti Services Ltd Seller: Shubh Shanti Services Lim |
| Dec 2005 | Market trade | ₹99.8 Lakh | Seller: Prudential Icici Amc Ltd |
| May 2005 | Market trade | ₹84.9 Lakh | Seller: Mega Resources Ltd |
| Apr 2005 | Market trade | ₹23.6 Lakh | Seller: Mystique Media Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of NRC Limited
NRC Limited has 693 court cases on record: 383 filed by NRC, 303 filed against it, 7 where it is another party. 89 cases are pending and 604 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 369 | 142 | 38 |
| High courts | 295 | 137 | 40 |
| NCLAT | 19 | 18 | 11 |
| Supreme Court | 10 | 6 | 0 |
Cases on record (5 of 693)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against Maharashtra State Electricity Distribution Company Limited | Pending |
| Bombay High Court | Court case (CAW) | Filed by the company against Maharashtra State Electricity Distribution Company Limited | Pending |
| Bombay High Court | Court case (NMA) | Filed against the company by The New India Assurance Company Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Disposed |
Full case history
All 693 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.
Employees and EPFO Compliance at NRC Limited
Employment history and EPFO contributions of people linked to NRC.
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 NRC Limited
NRC has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U52100MH1946PLC005227, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100MH1946PLC005227 | Current |
| U17120MH1946PLC005227 | Previous |
| L17120MH1946PLC005227 | Previous |
Recent Activity on NRC Limited
NRC Limited has 32 board changes on record since 2007: 4 appointments and 28 cessations. The latest: Nitin Ashok Sharma ceased to be Additional Director on 16 Sep 2025.
158 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for NRC 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 NRC 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 NRC 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 NRC Limited
NRC has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1616J1ZM | Maharashtra | Active | 01 Jul 2017 |
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 NRC 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 NRC Limited
NRC is an active public limited company based in Mumbai, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 30 September 1946 (80+ years old) and is registered under CIN U52100MH1946PLC005227.
NRC reported revenue of ₹25.82 Cr for FY 2026 (up 10% YoY).
NRC has 4 current directors and KMP:
- Nitin Ashok Sharma - Managing Director
- Bhavik Bharatkumar Shah - Director
- Sunil Sharma - Director
- Dhirajkumar Jitendra Kumar Pancholi - Cfo
NRC reported a net profit of ₹12.61 Cr (net margin 48.8%) and EBITDA of ₹23.05 Cr (EBITDA margin 89.3%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of NRC is -30% over three years and 18% over five years. In the latest year (FY 2026) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of NRC is 27AAACN1616J1ZM, registered in Maharashtra. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of NRC is U52100MH1946PLC005227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NRC has 693 court cases on record: 383 filed by the company and 303 filed against it. 89 are pending. Most are in the district courts.
NRC was incorporated on 30 September 1946, making it 80+ years old. It is registered with the Registrar of Companies, Mumbai.
NRC has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2020.
The peers of NRC by revenue are Sancheti Polytex Private Limited, S G Fabrics Private Limited, Maxwell Spun Melt Fabric Private Limited, Creative Casuals (India) Pvt Ltd, Urvashi Synthetic Processors Private Limited and 5 more, all in the Manufacturing industry (Industrial Chemicals, Textiles).