Msp Sponge Iron Limited

Manufacturer of iron, steel, and ferro alloys with captive power generation facilities.

1999 | Kolkata, West Bengal (India) | Active
Last Updated:

Msp Sponge Iron Profile

Key Indicators

  • Authorised Capital ₹ 37.40 Cr
  • Paid Up Capital ₹ 33.23 Cr
  • Company Age 25 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5,168.34 Cr
  • Satisfied Charges ₹ 2,427.32 Cr
  • Revenue Growth -26.85%
  • Profit Growth -125.14%
  • Ebitda -100.88%
  • Net Worth -7.74%
  • Total Assets -4.95%

About Msp Sponge Iron

Msp Sponge Iron Limited (MSIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 July 1999 and has a history of 25 years and eight months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Msp Sponge Iron Private 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 37.40 Cr and a paid-up capital of Rs 33.23 Cr.

The company currently has active open charges totaling ₹5,168.34 Cr. The company has closed loans amounting to ₹2,427.32 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Msp Sponge Iron Limited India are Vasudha Agarwal as COMPANY SECRETARY and Subhash Agrawal as Cfo. Suneeta Mohanty, Aparna Kar, Pradip Dey, and Three other members serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27102WB1999PLC114830

  • Company No.

    114830

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Jul 1999

  • 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 Msp Sponge Iron Limited offer?

Msp Sponge Iron Limited offers a wide range of products and services, including Metal Beams, Mild Steel Beam, Metal Channels, MS Channel, TMT Bars, Cut & Bend TMT Bar, Steel Bars, Rods, Plates & Sheets, Mild Steel Bars, Brackets, Holder & Hardware Fittings, Metal Angles.

Who are the key members and board of directors at Msp Sponge Iron?

Executive Team (3)

NameDesignationAppointment DateStatus
Vasudha Agarwal Company Secretary14-Nov-2023Current
Subhash Agrawal Country flag representing In CFO30-Mar-2015Current
Manish Agrawal Country flag representing In Managing Director16-Jul-1999Current

Board Members (5)

NameDesignationAppointment DateStatus
Suneeta Mohanty Country flag representing In Director 22-Aug-2020Current
Aparna Kar Country flag representing In Director 07-Sep-2022Current
Pradip Dey Country flag representing In Director 16-Jul-1999Current
Suresh Agrawal Country flag representing In Director 30-Sep-2015Current
Prashant Pandey Country flag representing In Director 19-Apr-2021Current

Financial Performance of Msp Sponge Iron.

Msp Sponge Iron Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 26.85% decrease. The company also saw a substantial fall in profitability, with a 125.14% decrease in profit. The company's net worth dipped by a decrease of 7.74%.

Msp Sponge Iron revenue growth over time
Msp Sponge Iron 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
-26.85%
Revenue from Operations
-27.03%
Total Assets
-4.95%
Profit or Loss
-125.14%
Net Worth
-7.74%
EBITDA
-100.88%

What is the Ownership and Shareholding Structure of Msp Sponge Iron?

In 2023, Msp Sponge Iron had a promoter holding of 80.87% and a public holding of 19.13%. The company had 1 Subsidiary and 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

₹5,168.34 Cr

Satisfied Charges

₹2,427.32 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 4660.86 Cr
  • Sbicap Trustee Company Limited : 447.98 Cr
  • Others : 50.00 Cr
  • Hdfc Bank Limited : 9.50 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2024Others₹50.00 CrOpen
27 Mar 2024Sbicap Trustee Company Limited₹363.78 CrOpen
27 Mar 2024Sbicap Trustee Company Limited₹84.20 CrOpen
02 Dec 2023Hdfc Bank Limited₹9.50 CrOpen
11 Apr 2015State Bank Of India₹1,670.26 CrOpen

How Many Employees Work at Msp Sponge Iron?

Msp Sponge Iron has a workforce of 631 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 Msp Sponge Iron Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Msp Sponge Iron, 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 Msp Sponge Iron'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 Msp Sponge Iron

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 50.00 Cr registered on 27 Mar 2024 with Charge ID 100895729 was modified on 19 Nov 2024.

  • Annual General Meeting

    Msp Sponge Iron Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 22 Jan 2003 via Charge ID 90081173 with The Federal Bank Ltd. was fully satisfied on 22 Aug 2024.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 363.78 Cr registered on 27 Mar 2024 with Charge ID 100904186 was modified on 13 May 2024.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 84.20 Cr registered on 27 Mar 2024 with Charge ID 100904193 was modified on 13 May 2024.

  • Balance Sheet

    Msp Sponge Iron Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

Frequently asked questions

  • What is the Incorporation or founding date of Msp Sponge Iron Limited?

    Msp Sponge Iron Limited was incorporated on 16 Jul 1999.

  • What is authorized share capital and paid-up capital of Msp Sponge Iron Limited?

    The authorized share capital of Msp Sponge Iron Limited is ₹ 37.40 Cr and paid-up capital is ₹ 33.23 Cr.

  • Who are the current board members & directors of Msp Sponge Iron Limited?

    Currently 8 directors are associated with Msp Sponge Iron Limited.

    • Vasudha Agarwal
    • Subhash Agrawal
    • Suneeta Mohanty
    • Aparna Kar
    • Pradip Kumar Dey
    • Suresh Kumar Agrawal
    • Manish Agrawal
    • Prashant Pandey

  • What is the registered address of Msp Sponge Iron Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Msp Sponge Iron Limited is South City Business Park 10Th Floor 770 Anandpur, Em Bypass India, Kolkata, West Bengal, 700107.

  • What is the corporate identification number (CIN) and company number of Msp Sponge Iron Limited?

    The corporate identification number (CIN) of Msp Sponge Iron Limited is U27102WB1999PLC114830 and the company number is 114830 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Msp Sponge Iron Limited?

    The Official website of Msp Sponge Iron Limited is https://www.mspsteel.com

  • What has been the recent revenue trend for Msp Sponge Iron Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Msp Sponge Iron Limited has fallen by -26.85%.

  • How many employees does Msp Sponge Iron Limited currently have?

    As Per 2023 financial reports, 631 employees are currently employed by Msp Sponge Iron Limited.

  • What change has been observed in the net worth of Msp Sponge Iron Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Msp Sponge Iron Limited has experienced an downturn of -7.74%.

  • What are the total open charges for Msp Sponge Iron Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Msp Sponge Iron Limited amount to ₹ 5,168.34 Cr.

  • When was the last Balance Sheet of Msp Sponge Iron Limited filed with the ROC?

    The most recent Balance Sheet for Msp Sponge Iron Limited was filed with the ROC on 31 Mar 2024.

People also Viewed