Karma Steels Private Limited

Manufacturer of precision mechanical items, assemblies, and specialized forging of open and closed die components.

1988 | Mumbai, Maharashtra (India) | Active
Last Updated: July 02, 2024

Karma Steels Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 37 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.70 M
  • Revenue Growth 11.01%
  • Profit Growth 105.59%
  • Ebitda 528.96%
  • Net Worth 3.96%
  • Total Assets -0.87%

About Karma Steels

Karma Steels Private Limited (KSPL) is a Private Limited Indian Non-Government Company incorporated in India on 08 January 1988 and has a history of 37 years and one month. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Machinery And Equipment 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 1.00 M and a paid-up capital of Rs 1.00 M.

The company currently has active open charges totaling ₹3.70 M.

Meena Kamdar and Kirtikumar Kamdar serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    karmasteels.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27108MH1988PTC045814

  • Company No.

    045814

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Jan 1988

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Karma Steels Private Limited offer?

Karma Steels Private Limited offers a wide range of products and services, including Solar & Renewable Energy Products, Solar Power Plants, Industrial & Engineering Goods, Couplings, Gearbox, Axle, Sprocket & Gear Parts, Industrial Gears, Machines & Equipments, Assembly Equipment, Air Compressors, Accessories & Parts, Compressor Spare Parts & Consumables.

Who are the key members and board of directors at Karma Steels?

Board Members (2)

NameDesignationAppointment DateStatus
Meena Kamdar Country flag representing In Director 08-Jan-1988Current
Kirtikumar Kamdar Country flag representing In Director 08-Jan-1988Current

Financial Performance of Karma Steels.

Karma Steels Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.01% increase. The company also saw a substantial improvement in profitability, with a 105.59% increase in profit. The company's net worth moved up by a moderate rise of 3.96%.

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
11.01%
Revenue from Operations
10.92%
Total Assets
-0.87%
Profit or Loss
105.59%
Net Worth
3.96%
EBITDA
528.96%

What is the Ownership and Shareholding Structure of Karma Steels?

In 2023, Karma Steels had a promoter holding of 68.00% and a public holding of 32.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.70 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Bank Of India : 0.37 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2020Bank Of India₹0.70 MOpen
08 Nov 2004Bank Of India₹3.00 MOpen

How Many Employees Work at Karma Steels?

Unlock and access historical data on people associated with Karma Steels, 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 Karma 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 Karma Steels'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 Karma Steels

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

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

    31 Mar 2023

  • Charges

    A charge with Bank Of India amounted to Rs. 0.70 M with Charge ID 100394224 was registered on 30 May 2020.

    30 May 2020

  • Charges

    A charge with Bank Of India of Rs. 3.00 M registered on 08 Nov 2004 with Charge ID 80033595 was modified on 30 May 2017.

    30 May 2017

  • Charges

    A charge with Bank Of India amounted to Rs. 3.00 M with Charge ID 80033595 was registered on 08 Nov 2004.

    08 Nov 2004

  • Director Appointment

    Meena Kirtikumar Kamdar was appointed as a Director was appointed as a Director on 08 Jan 1988 & has been associated with this company since 37 years 1 month .

    08 Jan 1988

Frequently asked questions

  • Karma Steels Private Limited was incorporated on 08 Jan 1988.

  • The authorized share capital of Karma Steels Private Limited is ₹ 1.00 M and paid-up capital is ₹ 1.00 M.

  • Currently 2 directors are associated with Karma Steels Private Limited.

    • Meena Kirtikumar Kamdar
    • Kirtikumar Satyavrat Kamdar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Karma Steels Private Limited is 502 Satya Sadan Bhimani Street Matunga (E), Mumbai, Maharashtra, India, 400019.

  • The corporate identification number (CIN) of Karma Steels Private Limited is U27108MH1988PTC045814 and the company number is 045814 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Karma Steels Private Limited is https://www.karmasteels.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Karma Steels Private Limited has risen by 11.01%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Karma Steels Private Limited has experienced an upsurge of 3.96%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Karma Steels Private Limited amount to ₹ 3.70 M.

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