Mitsun Steels Private Limited

Authorized selling agent and distributor for steel products, offering a wide range of services.

1989 | Bangaluru, Karnataka (India) | Active
Last Updated: December 06, 2024

Mitsun Steels Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 35 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.00 Cr
  • Revenue Growth 13.07%
  • Profit Growth 16.44%
  • Ebitda 28.16%
  • Net Worth 32.98%
  • Total Assets 3.26%

About Mitsun Steels

Mitsun Steels Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 May 1989 and has a history of 35 years and nine months. Its registered office is in Bangaluru, Karnataka, 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 2.50 Cr and a paid-up capital of Rs 2.50 Cr.

The company currently has active open charges totaling ₹5.00 Cr.

Sunil Damani and Sangeeta Damani serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mitsun.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27109KA1989PTC010052

  • Company No.

    010052

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 May 1989

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Metals and Minerals

What products or services does Mitsun Steels Private Limited offer?

Mitsun Steels Private Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Steel and Stainless Steel Coils, Roofing and False ceiling, GI Sheets, Metal & Metal Made Products, Metal Sheets, Surface Plates, Chequered Plate, Hot Rolled Sheets, Steel Bars, Rods, Plates & Sheets.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Sunil Damani Country flag representing In Managing Director03-May-1989Current

Board Members (1)

NameDesignationAppointment DateStatus
Sangeeta Damani Country flag representing In Director 01-Sep-2014Current

Financial Performance of Mitsun Steels.

Mitsun Steels Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 13.07% increase. The company also saw a substantial improvement in profitability, with a 16.44% increase in profit. The company's net worth Soared by an impressive increase of 32.98%.

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
13.07%
Revenue from Operations
13.03%
Total Assets
3.26%
Profit or Loss
16.44%
Net Worth
32.98%
EBITDA
28.16%

What is the Ownership and Shareholding Structure of Mitsun Steels?

In 2024, Mitsun Steels had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Icici Bank Limited : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Dec 2010Icici Bank Limited₹5.00 CrOpen

How Many Employees Work at Mitsun Steels?

Mitsun Steels has a workforce of 32 employees as of Dec 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Mitsun Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Sangeeta Damani was appointed as a Director was appointed as a Director on 01 Sep 2014 & has been associated with this company since 10 years 5 months .

    01 Sep 2014

  • Charges

    A charge with Icici Bank Limited amounted to Rs. 5.00 Cr with Charge ID 10265375 was registered on 28 Dec 2010.

    28 Dec 2010

  • Director Appointment

    Sunil Kasturchand Damani was appointed as a Managing Director was appointed as a Managing Director on 03 May 1989 & has been associated with this company since 35 years 9 months .

    03 May 1989

  • Company Incorporation

    Mitsun Steels Private Limited was registered on 03 May 1989 with Roc Bangalore & aged 35 years 9 months as per MCA records.

    03 May 1989

Frequently asked questions

  • Mitsun Steels Private Limited was incorporated on 03 May 1989.

  • The authorized share capital of Mitsun Steels Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.50 Cr.

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

    • Sunil Kasturchand Damani
    • Sangeeta Damani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mitsun Steels Private Limited is 2Nd Floor Property No 462 Sri Krishna Temple Road Indiranagar, 1St Stage India, Bengaluru, Karnataka, 560038.

  • The corporate identification number (CIN) of Mitsun Steels Private Limited is U27109KA1989PTC010052 and the company number is 010052 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mitsun Steels Private Limited is https://www.mitsun.com

  • According to the financial reports for the fiscal year 2024, the revenue trend for Mitsun Steels Private Limited has risen by 13.07%.

  • As Per 2024 financial reports, 32 employees are currently employed by Mitsun Steels Private Limited.

  • The financial reports for the fiscal year 2024 indicates that The net worth of Mitsun Steels Private Limited has experienced an upsurge of 32.98%.

  • As per the financial statements for fiscal Year 2024, The total open charges for Mitsun Steels Private Limited amount to ₹ 5.00 Cr.

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

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