Magnum Steels Limited

Manufacturer of DRI sponge iron and steel products for construction, automobile, and engineering industries.

1991 | Delhi (India) | Active
Last Updated:

Magnum Steels Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.45 Cr
  • Company Age 34 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 38.62 Cr
  • Revenue Growth 5350.12%
  • Profit Growth -560.03%
  • Ebitda -423.49%
  • Net Worth -6.28%
  • Total Assets -4.03%

About Magnum Steels

Magnum Steels Limited (MSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 January 1991 and has a history of 34 years and three months. Its registered office is in Delhi, India.

The Corporate was formerly known as Magnum Steels Private Limited. 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 3.00 Cr and a paid-up capital of Rs 2.45 Cr.

The company has closed loans amounting to ₹38.62 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Ishwar Jindal, Nishtha Jindal, and Shashi Jindal serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109DL1991PLC042681

  • Company No.

    042681

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Jan 1991

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

What products or services does Magnum Steels Limited offer?

Magnum Steels Limited offers a wide range of products and services, including Steel Bars, Rods, Plates & Sheets, Steel Bars, Oil Mill & Oil Extraction Machinery, Oil Mill Machinery, Minerals and Ores, Iron Ore, Steel & Stainless Steel Products, Industrial Steel, Die Casting & Investment Castings, Metal Castings.

Company report

Magnum Steels Limited

Explore comprehensive data for Magnum Steels Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (3)

NameDesignationAppointment DateStatus
Nishtha Jindal Country flag representing In Director 14-May-2022Current
Ishwar Jindal Country flag representing In Director 14-May-2022Current
Shashi Jindal Country flag representing In Director 17-Jun-2020Current

Financial Performance of Magnum Steels.

Magnum Steels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 5350.12% increase. The company also saw a substantial fall in profitability, with a 560.03% decrease in profit. The company's net worth dipped by a decrease of 6.28%.

Magnum Steels revenue growth over time
Magnum Steels 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
5350.12%
Revenue from Operations
Total Assets
-4.03%
Profit or Loss
-560.03%
Net Worth
-6.28%
EBITDA
-423.49%

What is the Ownership and Shareholding Structure of Magnum Steels?

In 2023, Magnum Steels 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

₹0

Satisfied Charges

₹38.62 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 38.62 Cr

Latest Charge Details

DateLenderAmountStatus
01 Nov 2010State Bank Of India₹14.80 CrSatisfied
25 Jan 2010State Bank Of India₹1.30 CrSatisfied
11 Oct 2007State Bank Of India₹9.45 CrSatisfied
03 Mar 2005State Bank Of India₹12.50 CrSatisfied
29 Mar 1996State Bank Of India₹0.70 MSatisfied

How Many Employees Work at Magnum Steels?

Magnum Steels has a workforce of 67 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.

Employee growth trends for Magnum Steels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnum 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 Magnum 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 Magnum Steels

Recent activity within the organization

  • Annual General Meeting

    Magnum Steels Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Magnum Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Director Appointment

    Ishwar Chand Jindal was appointed as a Director was appointed as a Director on 14 May 2022 & has been associated with this company since 2 years 10 months .

  • Director Appointment

    Nishtha Jindal was appointed as a Director was appointed as a Director on 14 May 2022 & has been associated with this company since 2 years 10 months .

  • Charges

    A charge registered on 01 Nov 2010 via Charge ID 10251456 with State Bank Of India was fully satisfied on 28 Jul 2021.

  • Charges

    A charge registered on 11 Oct 2007 via Charge ID 10076580 with State Bank Of India was fully satisfied on 28 Jul 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Magnum Steels Limited?

    Magnum Steels Limited was incorporated on 10 Jan 1991.

  • What is authorized share capital and paid-up capital of Magnum Steels Limited?

    The authorized share capital of Magnum Steels Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.45 Cr.

  • Who are the current board members & directors of Magnum Steels Limited?

    Currently 3 directors are associated with Magnum Steels Limited.

    • Ishwar Chand Jindal
    • Nishtha Jindal
    • Shashi Prabha Jindal

  • What is the registered address of Magnum Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnum Steels Limited is Essel House A10 Asafali Road India, New Delhi, 110002.

  • What is the corporate identification number (CIN) and company number of Magnum Steels Limited?

    The corporate identification number (CIN) of Magnum Steels Limited is U27109DL1991PLC042681 and the company number is 042681 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magnum Steels Limited?

    The Official website of Magnum Steels Limited is https://www.magnumsteels.com

  • What has been the recent revenue trend for Magnum Steels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magnum Steels Limited has risen by 5350.12%.

  • How many employees does Magnum Steels Limited currently have?

    As Per 2023 financial reports, 67 employees are currently employed by Magnum Steels Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Magnum Steels Limited has experienced an downturn of -6.28%.

  • When was the last Balance Sheet of Magnum Steels Limited filed with the ROC?

    The most recent Balance Sheet for Magnum Steels Limited was filed with the ROC on 31 Mar 2024.

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