Ferro Alloys Corporation Profile
Key Indicators
- Authorised Capital ₹ 480.00 Cr
- Paid Up Capital ₹ 34.00 Cr
- Company Age 69 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 175.00 Cr
- Satisfied Charges ₹ 1,691.89 Cr
- Revenue Growth -11.08%
- Profit Growth 15.33%
- Ebitda -50.16%
- Net Worth 68.47%
- Total Assets 48.74%
About Ferro Alloys Corporation
Ferro Alloys Corporation Limited (FACL) was founded in India on 27 September 1955 and has a glorious history of 69 years and seven months. Its registered office is in Bhadrak, Odisha, 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 2024. It's a company limited by shares with an authorized capital of Rs 480.00 Cr and a paid-up capital of Rs 34.00 Cr.
The company currently has active open charges totaling ₹175.00 Cr. The company has closed loans amounting to ₹1,691.89 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ferro Alloys Corporation Limited India are Sambit Sarangi as Company Secretary, Karan Kejriwal as Cfo, and Pankaj Sharma as Ceo. Agnivesh Agarwal, Narayanaswamy Ramakrishnan, Arun Misra, and One other member serve as directors at the Company.
Company Details
- Location
Bhadrak, Odisha, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45201OR1955PLC008400
- Company No.
008400
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Sep 1955
- Date of AGM
28 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Cuttack
Industry
Metals and Minerals
Ferro Alloys Corporation Limited
Explore comprehensive data for Ferro Alloys Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ferro Alloys Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sambit Sarangi | Company Secretary | 22-Jan-2021 | Current |
| Karan Kejriwal | CFO | 01-May-2022 | Current |
Pankaj Sharma  | CEO | 30-Jun-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Agnivesh Agarwal | Additional Director | 05-Sep-2024 | Current |
| Narayanaswamy Ramakrishnan | Director | 07-Dec-2022 | Current |
| Arun Misra | Director | 21-Sep-2020 | Current |
| Pankaj Sharma | Whole-Time Director and Ceo | 30-Jun-2023 | Current |
Financial Performance of Ferro Alloys Corporation.
Ferro Alloys Corporation Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.08% decrease. The company also saw a substantial improvement in profitability, with a 15.33% increase in profit. The company's net worth Soared by an impressive increase of 68.47%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ferro Alloys Corporation?
In 2023, Ferro Alloys Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Talwandi Sabo Power LimitedAgnivesh Agarwal is a mutual person
Malco Energy LimitedNarayanaswamy Ramakrishnan is a mutual person
Skill Council For Mining SectorPankaj Sharma is a mutual person
Federation Of India Mineral IndustriesArun Misra is a mutual person
Vedanta LimitedArun Misra is a mutual person
Vedanta Medical Research FoundationAgnivesh Agarwal is a mutual person
Charges (Loans)
Open Charges
₹175.00 Cr
Satisfied Charges
₹1,691.89 Cr
Charges Breakdown by Lending Institutions
- Others : 100.00 Cr
- Hdfc Bank Limited : 75.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2023 | Hdfc Bank Limited | ₹75.00 Cr | Open |
| 20 Apr 2022 | Others | ₹100.00 Cr | Open |
| 18 Sep 2020 | Others | ₹286.55 Cr | Satisfied |
| 20 Nov 2015 | Toplight Corporate Management Private Limited | ₹11.00 Cr | Satisfied |
| 06 Apr 2015 | Rural Electrification Corporation Limited | ₹517.90 Cr | Satisfied |
How Many Employees Work at Ferro Alloys Corporation?
Ferro Alloys Corporation has a workforce of 135 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ferro Alloys Corporation, 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 Ferro Alloys Corporation'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.
Latest Updates, News, and FAQs on Ferro Alloys Corporation
Recent activity within the organization
- Director Appointment
Agnivesh Agarwal was appointed as a Additional Director was appointed as a Additional Director on 05 Sep 2024 & has been associated with this company since 8 months 8 days .
- Charges
A charge registered on 18 Sep 2020 via Charge ID 100380409 with Others was fully satisfied on 22 Aug 2024.
- Charges
A charge registered on 04 May 2009 via Charge ID 10159901 with Bank Of India was fully satisfied on 12 Jul 2024.
- Annual General Meeting
Ferro Alloys Corporation Limited last Annual general meeting of members was held on 28 Jun 2024 as per latest MCA records.
- Charges
A charge registered on 20 Nov 2015 via Charge ID 10606222 with Toplight Corporate Management Private Limited was fully satisfied on 14 Jun 2024.
- Balance Sheet
Ferro Alloys Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Recent News, Updates & Announcement
- Facor CoC rejects all bids, co likely to go for liquidation.
India Business News: Kolkata, April 2 () The Committee of Creditors of Ferro Alloys Corporation Ltd have failed to approve any resolution plan offered by five bidders, wit.
- Ferro Alloys appoints Yashpal Mehta as CFO.
Mr. Yashpal Mehta has been appointed as Chief Financial Officer of the Company w.e.f. 1st July, 2017..
Frequently asked questions
What is the Incorporation or founding date of Ferro Alloys Corporation Limited?
Ferro Alloys Corporation Limited was incorporated on 27 Sep 1955.
What is authorized share capital and paid-up capital of Ferro Alloys Corporation Limited?
The authorized share capital of Ferro Alloys Corporation Limited is ₹ 480.00 Cr and paid-up capital is ₹ 34.00 Cr.
Who are the current board members & directors of Ferro Alloys Corporation Limited?
Currently 7 directors are associated with Ferro Alloys Corporation Limited.
- Agnivesh Agarwal
- Narayanaswamy Alampallam Ramakrishnan
- Arun Misra
- Pankaj Kumar Sharma
- Sambit Kumar Sarangi
- Karan Kumar Kejriwal
- Pankaj Kumar Sharma
What is the registered address of Ferro Alloys Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ferro Alloys Corporation Limited is D P Nagar Randia, Bhadrak, Orissa, India, 756135.
What is the corporate identification number (CIN) and company number of Ferro Alloys Corporation Limited?
The corporate identification number (CIN) of Ferro Alloys Corporation Limited is U45201OR1955PLC008400 and the company number is 008400 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ferro Alloys Corporation Limited?
The Official website of Ferro Alloys Corporation Limited is https://www.facorgroup.in
What has been the recent revenue trend for Ferro Alloys Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Ferro Alloys Corporation Limited has fallen by -11.08%.
How many employees does Ferro Alloys Corporation Limited currently have?
As Per 2023 financial reports, 135 employees are currently employed by Ferro Alloys Corporation Limited.
What change has been observed in the net worth of Ferro Alloys Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Ferro Alloys Corporation Limited has experienced an upsurge of 68.47%.
What are the total open charges for Ferro Alloys Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Ferro Alloys Corporation Limited amount to ₹ 175.00 Cr.
When was the last Balance Sheet of Ferro Alloys Corporation Limited filed with the ROC?
The most recent Balance Sheet for Ferro Alloys Corporation Limited was filed with the ROC on 31 Mar 2024.
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