Avtar Steel Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
as on 18-07-2024
- Paid Up Capital ₹ 2.32 Cr
as on 18-07-2024
- Company Age 28 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 285.85 Cr
as on 18-07-2024
- Satisfied Charges ₹ 101.90 Cr
as on 18-07-2024
- Revenue 28.85%
(FY 2023)
- Profit 46.46%
(FY 2023)
- Ebitda 41.65%
(FY 2023)
- Net Worth 30.45%
(FY 2023)
- Total Assets 36.57%
(FY 2023)
About Avtar Steel
The Corporate was formerly known as Avtar Steel Pvt. Ltd.. 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 2023. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 2.32 Cr.
The company currently has active open charges totaling ₹285.85 Cr. The company has closed loans amounting to ₹101.90 Cr, as per Ministry of Corporate Affairs (MCA) records.
Saloni Bansal, Rajendra Singh, Archana Sachdeva, and Three other members serve as directors at the Company.
- CIN/LLPIN
U27104DL1996PLC078684
- Company No.
078684
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 May 1996
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Delhi, Delhi, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Avtar Steel Limited offer?
Avtar Steel Limited offers a wide range of products and services, including Steel Bars, Rods, Plates & Sheets, Steel Round Bars, Steel Bars, Alloy Steel Bars, Stainless Steel Round Bar, Steel Rods, Square Bar, Stainless Steel Bars, Stainless Steel Hexagon Bar, Bright Bar.
Who are the key members and board of directors at Avtar Steel?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bir Jindal  | Managing Director | 06-May-1996 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumit Jindal | Whole-Time Director | 15-Feb-2007 | Current |
| Saloni Bansal | Director | 21-Jun-2019 | Current |
| Rajendra Singh | Director | 10-Apr-2024 | Current |
| Archana Sachdeva | Director | 28-Mar-2022 | Current |
| Nitin Garg | Director | 17-Sep-2014 | Current |
Financial Performance and Corporate Structure Insights of Avtar Steel.
Avtar Steel Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.85% increase. The company also saw a substantial improvement in profitability, with a 46.46% increase in profit. The company's net worth Soared by an impressive increase of 30.45%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avtar Steel?
In 2023, Avtar Steel had a promoter holding of 72.35% and a public holding of 27.65%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Krishna Stainless Private Limited
Active
16 years 4 months Sumit Jindal and Bir Jindal are mutual person
Mahamaya Casting Private Limited
Active 20 years 9 months Sumit Jindal and Bir Jindal are mutual person
S. J. International Private Limited
Active 16 years 11 months Sumit Jindal and Bir Jindal are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 29 Feb 2024 | ₹2.35 Cr | Open |
Tata Capital Financial Services Limited Creation Date: 09 Oct 2023 | ₹5.00 Cr | Open |
Axis Bank Limited Creation Date: 01 Mar 2023 | ₹3.56 M | Open |
How Many Employees Work at Avtar Steel?
Avtar Steel has a workforce of 422 employees as of Apr 02, 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
As of Dec 02, 2019, Avtar Steel has raised a total of ₹ 13.52 Cr, with the most recent deal valued at ₹ 2.98 Cr. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
