Modern Steel Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 14.40 Cr
- Company Age 51 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 529.44 Cr
- Revenue Growth -89.21%
- Profit Growth -82.15%
- Ebitda -372.90%
- Net Worth 1369.26%
- Total Assets 124.17%
About Modern Steel
Modern Steel Ltd. (MSL) was founded in India on 19 November 1973 and has a glorious history of 51 years and two months. Its registered office is in Punjab, Punjab.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 513303.
The Corporate was formerly known as Modern Steels Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 14.40 Cr.
The company has closed loans amounting to ₹529.44 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Modern Steel Ltd. India are Suresh Puri as CFO and Deepa as Company Secretary. Satish Kapoor, Krishan Goyal, Avtar Vashisht, and One other member serve as directors at the Company.
Company Details
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LocationPunjab, Punjab
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
L27109PB1973PLC003358
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Company No.
003358
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Stock Symbol
BSE : 513303
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
19 Nov 1973
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Date of AGM
27 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Listed
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ROC Code
Roc Chandigarh
Industry
What products or services does Modern Steel Ltd. offer?
Modern Steel Ltd. offers a wide range of products and services, including Industrial Furnaces & Ovens, Arc Furnaces, Industrial Steel, Alloy Steel, CNC Machined Components, Precision Machined Components, Machines & Equipments, Vacuum Based Machinery, Contract Employment & Staffing Firms, Staffing Service.
Who are the key members and board of directors at Modern Steel?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Krishan Goyal
|
Managing Director | 01-May-2011 | Current |
| Suresh Puri | CFO | 25-Jul-2022 | Current |
| Deepa | Company Secretary | 14-Feb-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Satish Kapoor
|
Director | 14-Oct-2020 | Current |
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Avtar Vashisht
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Director | 11-May-2021 | Current |
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Anupama Sharma
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Director | 11-Aug-2023 | Current |
Financial Performance of Modern Steel.
Modern Steel Ltd., for the financial year ended 2023, experienced significant reduction in revenue, with a 89.21% decrease. The company also saw a substantial fall in profitability, with a 82.15% decrease in profit. The company's net worth Soared by an impressive increase of 1369.26%.
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What is the Ownership and Shareholding Structure of Modern Steel?
In 2022, Modern Steel had a promoter holding of 65.53% and a public holding of 34.46%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Modern Dairies LimitedKrishan Goyal is a mutual person
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Modern Dairyfarms LimitedSatish Kapoor and Avtar Vashisht are mutual person
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Bharat Forgings Pvt Ltd
Krishan Goyal is a mutual person
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Mala Builders Pvt Ltd
Krishan Goyal is a mutual person
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Chandigarh Finance Private Ltd
Krishan Goyal is a mutual person
Charges (Loans)
₹0
₹529.44 Cr
Charges Breakdown by Lending Institutions
- Others : 420.45 Cr
- Punjab National Bank : 74.39 Cr
- Punjab & Sind Bank : 21.60 Cr
- Industrial Development Bank Of India : 7.50 Cr
- The Industrial Credit & Investment Corp. Of Ind. Ltd : 2.50 Cr
- Others : 3.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jul 2013 | Others | ₹74.60 Cr | Satisfied |
| 30 Mar 2013 | Punjab National Bank | ₹2.52 Cr | Satisfied |
| 30 Mar 2013 | Punjab National Bank | ₹10.00 Cr | Satisfied |
| 30 Mar 2013 | Punjab National Bank | ₹10.00 Cr | Satisfied |
| 30 Mar 2013 | Punjab National Bank | ₹10.00 Cr | Satisfied |
How Many Employees Work at Modern Steel?
Modern Steel has a workforce of 679 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Modern Steel, 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 Modern Steel'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.
