Mittal Sections Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 2.62 Cr
- Company Age 15 Year, 10 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 ten 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajaykumar Mittal  | Managing Director | 02-Apr-2009 | Current |
| Atul Mittal | CFO | 31-Aug-2024 | Current |
| Hirenkumar Patel | Company Secretary | 28-Sep-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Aishwarya Singhvi | Director | 24-Aug-2024 | Current |
| Dhruvi Kapadia | Director | 24-Aug-2024 | Current |
| Sushiladevi Mittal | Director | 02-Apr-2009 | Current |
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%.
- Key Matrics
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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.
Related Corporates (Common Directorship)
Trom Industries LimitedAishwarya Singhvi is a mutual person
Armaanya Textiles Private LimitedAjaykumar Mittal, Sushiladevi Mittal and 1 more are mutual person
Abhyaryan Texfab LimitedAjaykumar Mittal, Sushiladevi Mittal and 1 more are mutual person
- Prarambh Buildcon Ahmedabad Limited
Aishwarya Singhvi and Dhruvi Kapadia are mutual person
- Sar Televenture Limited
Aishwarya Singhvi is a mutual person
Charges (Loans)
₹15.21 Cr
₹87.55 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 15.10 Cr
- Hdfc Bank Limited : 0.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Dec 2022 | Axis Bank Limited | ₹15.10 Cr | Open |
| 27 Jan 2020 | Hdfc Bank Limited | ₹1.15 M | Open |
| 06 Mar 2012 | City Union Bank Limited | ₹27.06 Cr | Satisfied |
| 04 Feb 2012 | City Union Bank Limited | ₹7.43 M | Satisfied |
| 16 Jan 2012 | City Union Bank Limited | ₹28.02 Cr | Satisfied |
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.
Deals i
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
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
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.
