Aarti Sponge And Power Limited

Manufactures sponge iron, MS billet, rolled products, and has captive power plant.

2004 | Raipur, Chattisgarh (India) | Active
Last Updated:

Aarti Sponge And Power Profile

Key Indicators

  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 19.78 Cr
  • Company Age 20 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 640.23 Cr
  • Satisfied Charges ₹ 213.43 Cr
  • Revenue Growth 5.88%
  • Profit Growth 25.75%
  • Ebitda 12.19%
  • Net Worth 17.29%
  • Total Assets -9.46%

About Aarti Sponge And Power

Aarti Sponge And Power Limited (ASAPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 May 2004 and has a history of 20 years and ten months. Its registered office is in Raipur, Chattisgarh.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 30.00 Cr and a paid-up capital of Rs 19.78 Cr.

The company currently has active open charges totaling ₹640.23 Cr. The company has closed loans amounting to ₹213.43 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Aarti Sponge And Power Limited India is Manish Mandal as CFO. Sri Mandal, Manish Mandal, Rajeev Mundra, and One other member serve as directors at the Company.

Company Details

  • Location Raipur, Chattisgarh
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27102CT2004PLC016615

  • Company No.

    016615

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 May 2004

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chhattisgarh

Industry

Metals and Minerals

Who are the key members and board of directors at Aarti Sponge And Power?

Executive Team (2)

NameDesignationAppointment DateStatus
Manish Mandal Country flag representing In CFO01-Apr-2019Current
Rajeev Agrawal Country flag representing In Managing Director14-May-2004Current

Board Members (3)

NameDesignationAppointment DateStatus
Sri Mandal Country flag representing In Director 02-Apr-2007Current
Manish Mandal Country flag representing In Director and Cfo 02-Apr-2007Current
Rajeev Mundra Country flag representing In Director 14-May-2004Current

Financial Performance of Aarti Sponge And Power.

Aarti Sponge And Power Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.88% increase. The company also saw a substantial improvement in profitability, with a 25.75% increase in profit. The company's net worth Soared by an impressive increase of 17.29%.

Aarti Sponge And Power revenue growth over time
Aarti Sponge And Power profit and loss trends over time
  • 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
5.88%
Revenue from Operations
5.87%
Total Assets
-9.46%
Profit or Loss
25.75%
Net Worth
17.29%
EBITDA
12.19%

What is the Ownership and Shareholding Structure of Aarti Sponge And Power?

In 2023, Aarti Sponge And Power had a promoter holding of 70.65% and a public holding of 29.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹640.23 Cr

Satisfied Charges

₹213.43 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 351.95 Cr
  • Others : 263.01 Cr
  • Idbi Bank Limited : 19.59 Cr
  • Tata Capital Limited : 2.50 Cr
  • Tata Capital Financial Services Limited : 2.00 Cr
  • Others : 1.18 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jan 2024Idbi Bank Limited₹15.00 CrOpen
11 Oct 2023Yes Bank Limited₹1.18 CrOpen
30 Jun 2022Hdfc Bank Limited₹8.51 MOpen
10 Jun 2022Hdfc Bank Limited₹68.34 CrOpen
23 Nov 2021Others₹2.40 CrOpen

How Many Employees Work at Aarti Sponge And Power?

Aarti Sponge And Power has a workforce of 304 employees as of Apr 08, 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 growth trends for Aarti Sponge And Power Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Aarti Sponge And Power, 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 Aarti Sponge And Power's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

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.

Latest Updates, News, and FAQs on Aarti Sponge And Power

Recent activity within the organization

  • Annual General Meeting

    Aarti Sponge And Power Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 04 Oct 2023 via Charge ID 100803547 with Yes Bank Limited was fully satisfied on 08 Aug 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 251.11 Cr registered on 31 Aug 2015 with Charge ID 100181525 was modified on 12 Jun 2024.

  • Charges

    A charge registered on 01 Jun 2016 via Charge ID 100030375 with Idbi Bank Limited was fully satisfied on 29 May 2024.

  • Charges

    A charge with Others of Rs. 251.14 Cr registered on 28 Nov 2019 with Charge ID 100311066 was modified on 02 May 2024.

  • Balance Sheet

    Aarti Sponge And Power Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chhattisgarh.

Frequently asked questions

  • What is the Incorporation or founding date of Aarti Sponge And Power Limited?

    Aarti Sponge And Power Limited was incorporated on 14 May 2004.

  • What is authorized share capital and paid-up capital of Aarti Sponge And Power Limited?

    The authorized share capital of Aarti Sponge And Power Limited is ₹ 30.00 Cr and paid-up capital is ₹ 19.78 Cr.

  • Who are the current board members & directors of Aarti Sponge And Power Limited?

    Currently 5 directors are associated with Aarti Sponge And Power Limited.

    • Sri Prakash Mandal
    • Manish Kumar Mandal
    • Manish Kumar Mandal
    • Rajeev Kumar Mundra
    • Rajeev Kumar Agrawal

  • What is the registered address of Aarti Sponge And Power Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Aarti Sponge And Power Limited is Aarti House Ashoka Ratna Vidhansabha Road, Shankar Nagar India, Raipur, Chattisgarh, 492007.

  • What is the corporate identification number (CIN) and company number of Aarti Sponge And Power Limited?

    The corporate identification number (CIN) of Aarti Sponge And Power Limited is U27102CT2004PLC016615 and the company number is 016615 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Aarti Sponge And Power Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Aarti Sponge And Power Limited has risen by 5.88%.

  • How many employees does Aarti Sponge And Power Limited currently have?

    As Per 2023 financial reports, 304 employees are currently employed by Aarti Sponge And Power Limited.

  • What change has been observed in the net worth of Aarti Sponge And Power Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Aarti Sponge And Power Limited has experienced an upsurge of 17.29%.

  • What are the total open charges for Aarti Sponge And Power Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Aarti Sponge And Power Limited amount to ₹ 640.23 Cr.

  • When was the last Balance Sheet of Aarti Sponge And Power Limited filed with the ROC?

    The most recent Balance Sheet for Aarti Sponge And Power Limited was filed with the ROC on 31 Mar 2024.

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