Promoter holding
64.27%
NL
Nelco Limited - Due diligence report
A 360° intelligence report on Nelco: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Nelco — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Nelco is assessed as Moderate with a Trust Score of 72/100. Nelco is an active public limited indian non-government company incorporated in 1940, operating in the Telecom sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 06 Jul 2026 from the latest processed filings. Nelco Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 75/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
Charges position: 8 open (111.42 cr) · 56 satisfied (482.58 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 14 | 48.0 cr |
| Others | 7 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Idbi Bank | 1 | 48.0 cr |
| The Zoroastrian Co-Operative Bank Limited | 5 | 48.0 cr |
| Banque Indosuez | 1 | 48.0 cr |
Compliance Score: 40/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2020-08-13.
- 12 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| LAKSHMI ANANT NADKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMUR LAKSHMINARAYANAN SWAMINATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADIP JYOTI NATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY BHAGWANJI SOMAIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY KUMAR PANDEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITESH NARENDRABHAI KAMDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAURABH RAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Malav Bansilal Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
The Tata Power Company Limited
Subsidiaries
1
Group entities
1
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Nelco Network Products Limited | Subsidiary Company | 74.00% |
| The Tata Power Company Limited | Holding Company | 74.00% |
| Af-taab Investment Company Limited | Holding Company | 74.00% |
Key managerial personnel: PRADIP JYOTI NATH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 85+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (40/100).
8 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
4 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence60/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 8 open charge(s) of 111.42 cr already registered.
- Compliance gaps should be priced into terms.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events24 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Feb 2025
Director ceased
VIJAY BHAGWANJI SOMAIYA
27 Jan 2025
Director appointed
VIJAY BHAGWANJI SOMAIYA (Director)
06 Nov 2024
Charge satisfied
Others
17 May 2024
Director appointed
RITESH NARENDRABHAI KAMDAR (Company Secretary)
20 Feb 2024
Charge satisfied
Icici Ltd
Charge satisfied
The Icici Ltd
Charge satisfied
The Ici Ltd
Charge satisfied
The Icici Ltd
20 Jan 2024
Charge satisfied
Allahabad Bank
05 Jan 2024
Charge satisfied
Allahabad
06 Dec 2023
Charge satisfied
Others
30 Nov 2023
Charge satisfied
Bank Of India
Charge satisfied
The Bank Of India Ltd
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
12 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Airnet Cable And Datacom | U74120MH2013PTC248829 | Mumbai, Maharashtra, India |
| Valiantcom | L74899DL1993PLC056652 | New Delhi., Delhi, India |
| Utlindia | U32301KA1986PLC007800 | Bangalore, Karnataka, India |
| Convergentwireless | U72900KA2001PTC029813 | Bangalore, Karnataka, India |
| Avantel | L72200AP1990PLC011334 | Vishakhapatnam, Andhra Pradesh, India |
| Gtl | L40300MH1987PLC045657 | Thane, Maharashtra, India |
| Reliance Communications | L45309MH2004PLC147531 | Thane, Maharashtra, India |
| Agc Networks | L32200MH1986PLC040652 | Navi Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Nelco before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Nelco: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Nelco - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Nelco pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Nelco - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Nelco an active company?
Nelco has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).
Is Nelco financially healthy?
Nelco has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Nelco?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Nelco?
The ultimate holding entity is The Tata Power Company Limited. 8 active director(s) are on record.
Does Nelco have loans or charges against its assets?
8 open charge(s) are registered against its assets, and 56 earlier charge(s) stand satisfied.
Is Nelco up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 40/100 (Caution Indicated).
Is it risky to lend to Nelco?
Its Credit Risk Score is 75/100 (Low Risk). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
