Allied Recycling Limited

Manufacturer and supplier of alloy and non-alloy billet, wire rod, and round for Indian market.

2003 | Ludhiana, Punjab (India) | Active
Last Updated:

Allied Recycling Profile

Key Indicators

  • Authorised Capital ₹ 11.50 Cr
  • Paid Up Capital ₹ 9.72 Cr
  • Company Age 21 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 49.18 Cr
  • Satisfied Charges ₹ 42.42 Cr
  • Revenue Growth 19.94%
  • Profit Growth 7.88%
  • Ebitda -3.70%
  • Net Worth 13.17%
  • Total Assets 16.31%

About Allied Recycling

Allied Recycling Limited (ARL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 December 2003 and has a history of 21 years and three months. Its registered office is in Ludhiana, Punjab, India.

The Corporate was formerly known as Allied Recycling Private Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 11.50 Cr and a paid-up capital of Rs 9.72 Cr.

The company currently has active open charges totaling ₹49.18 Cr. The company has closed loans amounting to ₹42.42 Cr, as per Ministry of Corporate Affairs (MCA) records.

Santosh Abrol, Savinay Garg, Sanjay Garg, and Six other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    alliedrecycling.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27100PB2003PLC026583

  • Company No.

    026583

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Dec 2003

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing
Metals and Minerals

What products or services does Allied Recycling Limited offer?

Allied Recycling Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Steel Products.

Who are the key members and board of directors at Allied Recycling?

Executive Team (6)

NameDesignationAppointment DateStatus
Santosh Abrol Country flag representing In Managing Director02-Dec-2003Current
Savinay Garg Country flag representing In Managing Director23-Apr-2004Current
Sanjay Garg Country flag representing In Managing Director23-Apr-2004Current
Hitesh Abrol Country flag representing In Managing Director02-Dec-2003Current
Krishan Vallabh Country flag representing In Managing Director21-Aug-2021Current
Vandana Abrol Country flag representing In Managing Director01-Jul-2022Current

Board Members (3)

NameDesignationAppointment DateStatus
Amandeep Kaur Country flag representing In Director 01-Apr-2023Current
Surinder Garg Country flag representing In Director 23-Apr-2004Current
Pooja Miglani Country flag representing In Director 26-Jul-2021Current

Financial Performance of Allied Recycling.

Allied Recycling Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.94% increase. The company also saw a slight improvement in profitability, with a 7.88% increase in profit. The company's net worth Soared by an impressive increase of 13.17%.

Allied Recycling revenue growth over time
Allied Recycling 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
19.94%
Revenue from Operations
19.72%
Total Assets
16.31%
Profit or Loss
7.88%
Net Worth
13.17%
EBITDA
-3.70%

What is the Ownership and Shareholding Structure of Allied Recycling?

In 2023, Allied Recycling had a promoter holding of 66.66% and a public holding of 33.34%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.18 Cr

Satisfied Charges

₹42.42 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 40.75 Cr
  • Axis Bank Limited : 8.20 Cr
  • Hdfc Bank Limited : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
10 May 2024Axis Bank Limited₹4.50 CrOpen
07 Aug 2023Axis Bank Limited₹3.70 CrOpen
12 Jul 2022Hdfc Bank Limited₹2.40 MOpen
24 Feb 2012State Bank Of India₹40.75 CrOpen
22 Feb 2023Axis Bank Limited₹2.10 CrSatisfied

How Many Employees Work at Allied Recycling?

Allied Recycling has a workforce of 75 employees as of Apr 05, 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 Allied Recycling Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Allied Recycling, 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 Allied Recycling'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 Allied Recycling

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.50 Cr with Charge ID 100920472 was registered on 10 May 2024.

  • Charges

    A charge registered on 22 Feb 2023 via Charge ID 100681218 with Axis Bank Limited was fully satisfied on 04 Apr 2024.

  • Annual General Meeting

    Allied Recycling Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 3.70 Cr with Charge ID 100765115 was registered on 07 Aug 2023.

  • Charges

    A charge registered on 28 Dec 2021 via Charge ID 100525035 with Axis Bank Limited was fully satisfied on 20 Jun 2023.

  • Balance Sheet

    Allied Recycling Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

Frequently asked questions

  • What is the Incorporation or founding date of Allied Recycling Limited?

    Allied Recycling Limited was incorporated on 02 Dec 2003.

  • What is authorized share capital and paid-up capital of Allied Recycling Limited?

    The authorized share capital of Allied Recycling Limited is ₹ 11.50 Cr and paid-up capital is ₹ 9.72 Cr.

  • Who are the current board members & directors of Allied Recycling Limited?

    Currently 9 directors are associated with Allied Recycling Limited.

    • Santosh Abrol
    • Savinay Garg
    • Sanjay Garg
    • Hitesh Abrol
    • Surinder Kumar Garg
    • Krishan Vallabh
    • Amandeep Kaur
    • Vandana Abrol
    • Pooja Damir Miglani

  • What is the registered address of Allied Recycling Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Allied Recycling Limited is Budhewal Road Vpo Budhewal, India, Ludhiana, Punjab, 141112.

  • What is the corporate identification number (CIN) and company number of Allied Recycling Limited?

    The corporate identification number (CIN) of Allied Recycling Limited is U27100PB2003PLC026583 and the company number is 026583 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Allied Recycling Limited?

    The Official website of Allied Recycling Limited is https://www.alliedrecycling.in

  • What has been the recent revenue trend for Allied Recycling Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Allied Recycling Limited has risen by 19.94%.

  • How many employees does Allied Recycling Limited currently have?

    As Per 2023 financial reports, 75 employees are currently employed by Allied Recycling Limited.

  • What change has been observed in the net worth of Allied Recycling Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Allied Recycling Limited has experienced an upsurge of 13.17%.

  • What are the total open charges for Allied Recycling Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Allied Recycling Limited amount to ₹ 49.18 Cr.

  • When was the last Balance Sheet of Allied Recycling Limited filed with the ROC?

    The most recent Balance Sheet for Allied Recycling Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Steel Manufacturing & Processing