Mittal Sections Limited

Manufacturer of MS structural products with two units in Ahmedabad, ISO certified since 2009.

2009 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Mittal Sections Profile

Key Indicators

  • Authorised Capital ₹ 12.00 Cr
  • Paid Up Capital ₹ 2.62 Cr
  • Company Age 15 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 15.21 Cr
  • Satisfied Charges ₹ 87.55 Cr
  • Revenue Growth 12.17%
  • Profit Growth -7.04%
  • Ebitda 2.22%
  • Net Worth 13.05%
  • Total Assets 3.30%

About Mittal Sections

Mittal Sections Limited (MSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 April 2009 and has a history of 15 years and 11 months. Its registered office is in Ahmedabad, Gujarat, 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 12.00 Cr and a paid-up capital of Rs 2.62 Cr.

The company currently has active open charges totaling ₹15.21 Cr. The company has closed loans amounting to ₹87.55 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mittal Sections Limited India are Atul Mittal as CFO and Hirenkumar Patel as Company Secretary. Ajaykumar Mittal, Aishwarya Singhvi, Dhruvi Kapadia, and Two other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109GJ2009PLC056527

  • Company No.

    056527

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Apr 2009

  • Date of AGM

    27 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Metals and Minerals

What products or services does Mittal Sections Limited offer?

Mittal Sections Limited offers a wide range of products and services, including Steel Bars, Rods, Plates & Sheets, Stainless Steel Equal Angle Bar, Industrial Steel, Stainless Steel Flats, Metal Ingots, Aluminium Ingots, Raw Paper Material, Paper Plate Raw Material, Steel Squares.

Who are the key members and board of directors at Mittal Sections?

Executive Team (3)

NameDesignationAppointment DateStatus
Ajaykumar Mittal Country flag representing In Managing Director02-Apr-2009Current
Atul Mittal CFO31-Aug-2024Current
Hirenkumar Patel Company Secretary28-Sep-2024Current

Board Members (3)

NameDesignationAppointment DateStatus
Aishwarya Singhvi Country flag representing In Director 24-Aug-2024Current
Dhruvi Kapadia Director 24-Aug-2024Current
Sushiladevi Mittal Country flag representing In Director 02-Apr-2009Current

Financial Performance of Mittal Sections.

Mittal Sections Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.17% increase. The company also saw a slight decrease in profitability, with a 7.04% decrease in profit. The company's net worth Soared by an impressive increase of 13.05%.

Mittal Sections revenue growth over time
Mittal Sections 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
12.17%
Revenue from Operations
12.21%
Total Assets
3.30%
Profit or Loss
-7.04%
Net Worth
13.05%
EBITDA
2.22%

What is the Ownership and Shareholding Structure of Mittal Sections?

In 2023, Mittal Sections had a promoter holding of 99.92% and a public holding of 0.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹15.21 Cr

Satisfied Charges

₹87.55 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 15.10 Cr
  • Hdfc Bank Limited : 0.11 Cr

Latest Charge Details

DateLenderAmountStatus
23 Dec 2022Axis Bank Limited₹15.10 CrOpen
27 Jan 2020Hdfc Bank Limited₹1.15 MOpen
06 Mar 2012City Union Bank Limited₹27.06 CrSatisfied
04 Feb 2012City Union Bank Limited₹7.43 MSatisfied
16 Jan 2012City Union Bank Limited₹28.02 CrSatisfied

How Many Employees Work at Mittal Sections?

Mittal Sections has a workforce of 10 employees as of Apr 05, 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 Mittal Sections Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mittal Sections, 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 Mittal Sections'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 Mittal Sections

Recent activity within the organization

  • Director Appointment

    Hirenkumar Babubhai Patel was appointed as a Company Secretary was appointed as a Company Secretary on 28 Sep 2024 & has been associated with this company since 5 months 10 days .

  • Charges

    A charge with Axis Bank Limited of Rs. 15.10 Cr registered on 23 Dec 2022 with Charge ID 100677621 was modified on 14 Sep 2024.

  • Director Appointment

    Atul Balwantrai Mittal was appointed as a Cfo was appointed as a Cfo on 31 Aug 2024 & has been associated with this company since 6 months 8 days .

  • Annual General Meeting

    Mittal Sections Limited last Annual general meeting of members was held on 27 Aug 2024 as per latest MCA records.

  • Director Appointment

    Aishwarya Singhvi was appointed as a Director was appointed as a Director on 24 Aug 2024 & has been associated with this company since 6 months 15 days .

  • Director Appointment

    Dhruvi Shyam Kapadia was appointed as a Director was appointed as a Director on 24 Aug 2024 & has been associated with this company since 6 months 15 days .

Frequently asked questions

  • What is the Incorporation or founding date of Mittal Sections Limited?

    Mittal Sections Limited was incorporated on 02 Apr 2009.

  • What is authorized share capital and paid-up capital of Mittal Sections Limited?

    The authorized share capital of Mittal Sections Limited is ₹ 12.00 Cr and paid-up capital is ₹ 2.62 Cr.

  • Who are the current board members & directors of Mittal Sections Limited?

    Currently 7 directors are associated with Mittal Sections Limited.

    • Ajaykumar Balwantrai Mittal
    • Aishwarya Singhvi
    • Dhruvi Shyam Kapadia
    • Atul Balwantrai Mittal
    • Hirenkumar Babubhai Patel
    • Sushiladevi Balwantrai Mittal
    • Atul Balwantrai Mittal

  • What is the registered address of Mittal Sections Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mittal Sections Limited is 01 Sona Roopa Apartment Opp. Lal Bunglow C.G. Road, Navrangpura India, Ahmedabad, Gujarat, 380009.

  • What is the corporate identification number (CIN) and company number of Mittal Sections Limited?

    The corporate identification number (CIN) of Mittal Sections Limited is U27109GJ2009PLC056527 and the company number is 056527 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mittal Sections Limited?

    The Official website of Mittal Sections Limited is https://www.abmittalgroup.com

  • What has been the recent revenue trend for Mittal Sections Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mittal Sections Limited has risen by 12.17%.

  • How many employees does Mittal Sections Limited currently have?

    As Per 2023 financial reports, 10 employees are currently employed by Mittal Sections Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mittal Sections Limited has experienced an upsurge of 13.05%.

  • What are the total open charges for Mittal Sections Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mittal Sections Limited amount to ₹ 15.21 Cr.

  • When was the last Balance Sheet of Mittal Sections Limited filed with the ROC?

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

People also Viewed

Similar Companies Based on Steel Manufacturing & Processing