Drolia Electrosteels Private Limited

Manufacturer of sponge iron and MS billets with capacity of 60,000 TPA and 105,600 TPA respectively.

1995 | Mumbai, Maharashtra (India) | Active
Last Updated: June 16, 2024

Drolia Electrosteels Profile

Key Indicators

  • Authorised Capital ₹ 5.50 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 29 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 121.89 Cr
  • Satisfied Charges ₹ 3.94 Cr
  • Revenue Growth 39.03%
  • Profit Growth 84.41%
  • Ebitda 22.76%
  • Net Worth 4.28%
  • Total Assets -10.81%

About Drolia Electrosteels

Drolia Electrosteels Private Limited (DEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 June 1995 and has a history of 29 years and seven months. Its registered office is in Mumbai, Maharashtra, India.

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 5.50 Cr and a paid-up capital of Rs 5.00 Cr.

The company currently has active open charges totaling ₹121.89 Cr. The company has closed loans amounting to ₹3.94 Cr, as per Ministry of Corporate Affairs (MCA) records.

Raj Drolia, Rajiv Drolia, Anand Choudhary, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    drolia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27100MH1995PTC146362

  • Company No.

    146362

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Jun 1995

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

Who are the key members and board of directors at Drolia Electrosteels?

Executive Team (1)

Name Designation Appointment Date Status
Rajiv Drolia Country flag representing In Managing Director 22-Jun-1995 Current

Board Members (4)

Name Designation Appointment Date Status
Raj Drolia Country flag representing In Director 26-Mar-2007 Current
Anand Choudhary Country flag representing In Director 01-Jul-2004 Current
Shital Agarwal Country flag representing In Director 01-Jul-2004 Current
Din Drolia Country flag representing In Director 22-Jun-1995 Current

Financial Performance of Drolia Electrosteels.

Drolia Electrosteels Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.03% increase. The company also saw a substantial improvement in profitability, with a 84.41% increase in profit. The company's net worth moved up by a moderate rise of 4.28%.

Graph illustrating revenue growth over time
Graph showing 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
39.03%
Revenue from Operations
39.00%
Total Assets
-10.81%
Profit or Loss
84.41%
Net Worth
4.28%
EBITDA
22.76%

What is the Ownership and Shareholding Structure of Drolia Electrosteels?

In 2023, Drolia Electrosteels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹121.89 Cr

Satisfied Charges

₹3.94 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 121.89 Cr

Latest Charge Details

Date Lender Amount Status
07 Mar 2022 State Bank Of India ₹7.60 Cr Open
08 Feb 2021 State Bank Of India ₹13.67 Cr Open
30 Dec 2003 State Bank Of India ₹100.62 Cr Open
15 Jul 2020 State Bank Of India ₹2.50 Cr Satisfied
28 Mar 2018 Others ₹3.00 M Satisfied

How Many Employees Work at Drolia Electrosteels?

Unlock and access historical data on people associated with Drolia Electrosteels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Drolia Electrosteels, 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 Drolia Electrosteels'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 Drolia Electrosteels

Recent activity within the organization

  • Charges

    A charge registered on 28 Mar 2018 via Charge ID 100187558 with Others was fully satisfied on 12 Dec 2023.

    12 Dec 2023

  • Annual General Meeting

    Drolia Electrosteels Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Drolia Electrosteels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge registered on 15 Jul 2020 via Charge ID 100356208 with State Bank Of India was fully satisfied on 10 May 2022.

    10 May 2022

  • Charges

    A charge with State Bank Of India amounted to Rs. 7.60 Cr with Charge ID 100543435 was registered on 07 Mar 2022.

    07 Mar 2022

  • Charges

    A charge with State Bank Of India of Rs. 100.62 Cr registered on 30 Dec 2003 with Charge ID 80004726 was modified on 07 Mar 2022.

    07 Mar 2022

Frequently asked questions

  • Drolia Electrosteels Private Limited was incorporated on 22 Jun 1995.

  • The authorized share capital of Drolia Electrosteels Private Limited is ₹ 5.50 Cr and paid-up capital is ₹ 5.00 Cr.

  • Currently 5 directors are associated with Drolia Electrosteels Private Limited.

    • Raj Basudeo Drolia
    • Rajiv Drolia
    • Anand Choudhary
    • Shital Agarwal
    • Din Dayal Drolia
  • As per Ministry of Corporate Affairs (Mca), the registered address of Drolia Electrosteels Private Limited is 620 Maker Chambersnariman Point, Mumbai, Maharashtra, India, 400020.

  • The corporate identification number (CIN) of Drolia Electrosteels Private Limited is U27100MH1995PTC146362 and the company number is 146362 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Drolia Electrosteels Private Limited is https://www.drolia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Drolia Electrosteels Private Limited has risen by 39.03%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Drolia Electrosteels Private Limited has experienced an upsurge of 4.28%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Drolia Electrosteels Private Limited amount to ₹ 121.89 Cr.

  • The most recent Balance Sheet for Drolia Electrosteels Private Limited was filed with the ROC on 31 Mar 2023.

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