Maithan Ispat Limited

Manufacturer of sponge iron, billets, and steel products with a 30 MW captive power plant.

2003 | Kolkata, West Bengal (India) | Active
Last Updated:

Maithan Ispat Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 710.59 Cr
  • Company Age 21 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 752.00 Cr
  • Satisfied Charges ₹ 4,166.93 Cr
  • Revenue Growth %
  • Profit Growth -3.20%
  • Ebitda 95.74%
  • Net Worth -38.74%
  • Total Assets -4.19%

About Maithan Ispat

Maithan Ispat Limited (MIL) is a Public Limited Indian Non-Government Company incorporated in India on 27 August 2003 and has a history of 21 years and six months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Mal Industries 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 1,000.00 Cr and a paid-up capital of Rs 710.59 Cr.

The company currently has active open charges totaling ₹752.00 Cr. The company has closed loans amounting to ₹4,166.93 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maithan Ispat Limited India is Priyanka Chugh as COMPANY SECRETARY. Nurani Parameswaran, Shipra Rana, Amit Gupta, and Two other members serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mescosteel.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27109WB2003PLC096854

  • Company No.

    096854

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Aug 2003

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals
Energy and Power

What products or services does Maithan Ispat Limited offer?

Maithan Ispat Limited offers a wide range of products and services, including Solar & Renewable Energy Products, Solar Cell, Bricks & Construction Aggregates, Refractory Bricks, Steel Bars, Rods, Plates & Sheets, Steel Bars, Iron Ore, Sponge Iron.

Who are the key members and board of directors at Maithan Ispat?

Executive Team (1)

NameDesignationAppointment DateStatus
Priyanka Chugh Country flag representing In Company Secretary05-Dec-2020Current

Board Members (5)

NameDesignationAppointment DateStatus
Shipra Rana Country flag representing In Whole-Time Director 30-Mar-2016Current
Amit Gupta Country flag representing In Director 01-Apr-2023Current
Nurani Parameswaran Country flag representing In Director 30-Oct-2019Current
Prasant Misra Country flag representing In Director 31-Aug-2024Current
Amarendra Khatua Country flag representing In Director 31-Aug-2024Current

Financial Performance of Maithan Ispat.

Maithan Ispat Limited, for the financial year ended 2021, experienced no change in revenue, with a 0% increase. The company also saw a slight decrease in profitability, with a 3.2% decrease in profit. The company's net worth observed a substantial decline by a decrease of 38.74%.

Maithan Ispat revenue growth over time
Maithan Ispat 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
Revenue from Operations
Total Assets
-4.19%
Profit or Loss
-3.20%
Net Worth
-38.74%
EBITDA
95.74%

What is the Ownership and Shareholding Structure of Maithan Ispat?

In 2021, Maithan Ispat had a promoter holding of 99.60% and a public holding of 0.41%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹752.00 Cr

Satisfied Charges

₹4,166.93 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 502.00 Cr
  • Others : 250.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Apr 2024Sbicap Trustee Company Limited₹502.00 CrOpen
19 Nov 2021Others₹250.00 CrOpen
17 Nov 2015Sbicap Trustee Company Limited₹782.95 CrSatisfied
31 Mar 2015State Bank Of India₹613.95 CrSatisfied
31 Mar 2015State Bank Of India₹169.00 CrSatisfied

How Many Employees Work at Maithan Ispat?

Maithan Ispat has a workforce of 238 employees as of Apr 06, 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 Maithan Ispat Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maithan Ispat, 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 Maithan Ispat'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 Maithan Ispat

Recent activity within the organization

  • Charges

    A charge registered on 31 Mar 2015 via Charge ID 10565060 with State Bank Of India was fully satisfied on 18 Oct 2024.

  • Charges

    A charge registered on 31 Mar 2015 via Charge ID 10565062 with State Bank Of India was fully satisfied on 18 Oct 2024.

  • Charges

    A charge registered on 24 Feb 2012 via Charge ID 10342611 with State Bank Of India was fully satisfied on 18 Oct 2024.

  • Charges

    A charge registered on 31 Oct 2006 via Charge ID 10027453 with State Bank Of India was fully satisfied on 18 Oct 2024.

  • Charges

    A charge registered on 15 Sep 2006 via Charge ID 10027246 with State Bank Of India & Punjab National Bank was fully satisfied on 18 Oct 2024.

  • Charges

    A charge registered on 25 Oct 2005 via Charge ID 80035686 with State Bank Of India was fully satisfied on 18 Oct 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Maithan Ispat Limited?

    Maithan Ispat Limited was incorporated on 27 Aug 2003.

  • What is authorized share capital and paid-up capital of Maithan Ispat Limited?

    The authorized share capital of Maithan Ispat Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 710.59 Cr.

  • Who are the current board members & directors of Maithan Ispat Limited?

    Currently 6 directors are associated with Maithan Ispat Limited.

    • Nurani Shankar Parameswaran
    • Shipra Singh Rana
    • Amit Gupta
    • Prasant Kumar Misra
    • Amarendra Khatua
    • Priyanka Chugh

  • What is the registered address of Maithan Ispat Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maithan Ispat Limited is 16 Strand Road Diamond Heritage 14Th Floor, Room-1412 India, Kolkata, West Bengal, 700001.

  • What is the corporate identification number (CIN) and company number of Maithan Ispat Limited?

    The corporate identification number (CIN) of Maithan Ispat Limited is U27109WB2003PLC096854 and the company number is 096854 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Maithan Ispat Limited?

    The Official website of Maithan Ispat Limited is https://www.mescosteel.com

  • How many employees does Maithan Ispat Limited currently have?

    As Per 2021 financial reports, 238 employees are currently employed by Maithan Ispat Limited.

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

    The financial reports for the fiscal year 2021 indicates that The net worth of Maithan Ispat Limited has experienced an downturn of -38.74%.

  • What are the total open charges for Maithan Ispat Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Maithan Ispat Limited amount to ₹ 752.00 Cr.

  • When was the last Balance Sheet of Maithan Ispat Limited filed with the ROC?

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

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