Aarti Steels Profile
Key Indicators
- Authorised Capital ₹ 17.50 Cr
- Paid Up Capital ₹ 11.74 Cr
- Company Age 45 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,122.60 Cr
- Satisfied Charges ₹ 2,269.42 Cr
- Revenue Growth 15.70%
- Profit Growth -69.85%
- Ebitda -37.12%
- Net Worth 1.99%
- Total Assets 8.41%
About Aarti Steels
Aarti Steels Limited (ASL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 June 1979 and has a history of 45 years and eight months. Its registered office is in Punjab, Punjab.
The Corporate was formerly known as Aarti Steels Private Limited. 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 17.50 Cr and a paid-up capital of Rs 11.74 Cr.
The company currently has active open charges totaling ₹1,122.60 Cr. The company has closed loans amounting to ₹2,269.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Aarti Steels Limited India are Dinesh Behal as COMPANY SECRETARY and Rajesh Sharma as Cfo. Mahesh Mittal, Shiv Parshad, Vinayak Mittal, and Six other members serve as directors at the Company.
Company Details
- Location Punjab, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17115PB1979PLC003991
- Company No.
003991
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Jun 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
What products or services does Aarti Steels Limited offer?
Aarti Steels Limited offers a wide range of products and services, including Minerals and Ores, Iron Ore, Metal and Alloy Wires, Binding Wire, Steel & Stainless Steel Products, Industrial Steel, Steel Rods, Alloy Steel Rod, Steel Wire, Engineering and Shipping Ropes.
Who are the key members and board of directors at Aarti Steels?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Sharma  | CFO | 07-Nov-2024 | Current |
| Dinesh Behal | Company Secretary | 25-Apr-2011 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mahesh Mittal | Director | 30-Sep-2005 | Current |
| Shiv Parshad | Director | 30-Sep-2006 | Current |
| Vinayak Mittal | Director | 01-May-2008 | Current |
| Dinesh Sindwani | Additional Director | 07-Nov-2024 | Current |
| Sushen Mittal | Director | 14-Jun-2013 | Current |
| Uma Mittal | Director | 31-Mar-2015 | Current |
Financial Performance of Aarti Steels.
Aarti Steels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.7% increase. The company also saw a substantial fall in profitability, with a 69.85% decrease in profit. The company's net worth moved up by a moderate rise of 1.99%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Aarti Steels?
In 2023, Aarti Steels had a promoter holding of 99.89% and a public holding of 0.11%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Indian Ferro Alloy Producers AssociationRajeev Mittal is a mutual person
Sbg Mercantile Private LimitedDinesh Sindwani is a mutual person
Bless Green Steel Private LimitedGirish Mittal is a mutual person
Aarti Steel International LimitedMahesh Mittal, Shiv Parshad and 4 more are mutual person
Aarti International LimitedMahesh Mittal, Shiv Parshad and 4 more are mutual person
Aarti Green Tech LimitedMahesh Mittal, Shiv Parshad and 3 more are mutual person
Charges (Loans)
₹1,122.60 Cr
₹2,269.42 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 684.18 Cr
- Hdfc Bank Limited : 299.63 Cr
- Others : 93.79 Cr
- Corporation Bank : 25.00 Cr
- Yes Bank Limited : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2024 | Others | ₹2.55 Cr | Open |
| 15 Nov 2023 | Hdfc Bank Limited | ₹6.27 M | Open |
| 09 Oct 2023 | Yes Bank Limited | ₹20.00 Cr | Open |
| 15 Jun 2022 | Hdfc Bank Limited | ₹45.00 Cr | Open |
| 19 Apr 2022 | State Bank Of India | ₹12.70 Cr | Open |
How Many Employees Work at Aarti Steels?
Aarti Steels has a workforce of 90 employees as of Apr 01, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Aarti Steels, 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 Steels's trajectory.
Rating
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
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.
