Mysore Steels Limited

Special and alloy steel manufacturing company producing TMT bars in various sizes.

1973 | Mysore, Karnataka (India) | Active
Last Updated:

Mysore Steels Profile

Key Indicators

  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 30.00 Cr
  • Company Age 51 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 41.32 Cr
  • Satisfied Charges ₹ 26.82 Cr
  • Revenue Growth 35.48%
  • Profit Growth 206.02%
  • Ebitda -93.37%
  • Net Worth 1.64%
  • Total Assets -8.49%

About Mysore Steels

Mysore Steels Limited (MSL) was founded in India on 28 December 1973 and has a glorious history of 51 years and four months. Its registered office is in Mysore, Karnataka, India.

The Corporate was formerly known as Shimoga Steels 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 30.00 Cr and a paid-up capital of Rs 30.00 Cr.

The company currently has active open charges totaling ₹41.32 Cr. The company has closed loans amounting to ₹26.82 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mysore Steels Limited India are Keerthana Gopal as COMPANY SECRETARY and Polur Vani as Cfo. Ramarathnam Kovathakudi, Geethavani Polur, Rallapalli Nagarjun, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mysore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27100KA1973PLC002473

  • Company No.

    002473

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Dec 1973

  • 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 Mysore Steels Limited offer?

Mysore Steels Limited offers a wide range of products and services, including Casting, Moulding & Forging Machines, Casting Machines.

Company report

Mysore Steels Limited

Explore comprehensive data for Mysore Steels Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (2)

NameDesignationAppointment DateStatus
Keerthana Gopal Company Secretary10-Oct-2023Current
Polur Vani CFO12-Mar-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Ramarathnam Kovathakudi Country flag representing In Additional Director 26-Sep-2011Current
Geethavani Polur Country flag representing In Director 18-May-2022Current
Rallapalli Nagarjun Country flag representing In Whole-Time Director 05-Sep-2018Current
Rallapalli Balasubramanyam Country flag representing In Whole-Time Director 13-Jan-2008Current
Rallapalli Karanam Country flag representing In Director 04-Aug-2006Current

Financial Performance of Mysore Steels.

Mysore Steels Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 35.48% increase. The company also saw a substantial improvement in profitability, with a 206.02% increase in profit. The company's net worth moved up by a moderate rise of 1.64%.

Mysore Steels revenue growth over time
Mysore Steels 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
35.48%
Revenue from Operations
-26.40%
Total Assets
-8.49%
Profit or Loss
206.02%
Net Worth
1.64%
EBITDA
-93.37%

What is the Ownership and Shareholding Structure of Mysore Steels?

In 2021, Mysore Steels had a promoter holding of 99.90% and a public holding of 0.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹41.32 Cr

Satisfied Charges

₹26.82 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 41.00 Cr
  • Others : 0.32 Cr

Latest Charge Details

DateLenderAmountStatus
24 Jul 2020Others₹3.15 MOpen
19 Mar 2015State Bank Of India₹41.00 CrOpen
25 Sep 1992Brindavan Metallics Private Limited₹9.41 CrSatisfied
31 Dec 1991Brindavan Metallics Private Limited₹3.81 CrSatisfied
12 Apr 1991Canara Bank₹10.70 CrSatisfied

How Many Employees Work at Mysore Steels?

Mysore Steels has a workforce of 5 employees as of Apr 09, 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 Mysore Steels Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Director Appointment

    Polur Geetha Vani was appointed as a Cfo was appointed as a Cfo on 12 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Keerthana Gopal was appointed as a Company Secretary was appointed as a Company Secretary on 10 Oct 2023 & has been associated with this company since 1 year 7 months .

  • Director Appointment

    Geethavani Polur was appointed as a Director was appointed as a Director on 18 May 2022 & has been associated with this company since 2 years 11 months .

  • Charges

    A charge registered on 31 Dec 1991 via Charge ID 80065517 with Brindavan Metallics Private Limited was fully satisfied on 18 Aug 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Mysore Steels Limited?

    Mysore Steels Limited was incorporated on 28 Dec 1973.

  • What is authorized share capital and paid-up capital of Mysore Steels Limited?

    The authorized share capital of Mysore Steels Limited is ₹ 30.00 Cr and paid-up capital is ₹ 30.00 Cr.

  • Who are the current board members & directors of Mysore Steels Limited?

    Currently 7 directors are associated with Mysore Steels Limited.

    • Ramarathnam Varadharajan Kovathakudi
    • Geethavani Polur
    • Rallapalli Karanam Nagarjun
    • Keerthana Gopal
    • Polur Geetha Vani
    • Rallapalli Karnam Balasubramanyam
    • Rallapalli Radhakrishna Karanam

  • What is the registered address of Mysore Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mysore Steels Limited is Krs Roadmejagalli India, Mysore, Karnataka, 570016.

  • What is the corporate identification number (CIN) and company number of Mysore Steels Limited?

    The corporate identification number (CIN) of Mysore Steels Limited is U27100KA1973PLC002473 and the company number is 002473 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mysore Steels Limited?

    The Official website of Mysore Steels Limited is https://www.mysoresteels.com

  • What has been the recent revenue trend for Mysore Steels Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Mysore Steels Limited has risen by 35.48%.

  • How many employees does Mysore Steels Limited currently have?

    As Per 2022 financial reports, 5 employees are currently employed by Mysore Steels Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Mysore Steels Limited has experienced an upsurge of 1.64%.

  • What are the total open charges for Mysore Steels Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Mysore Steels Limited amount to ₹ 41.32 Cr.

  • When was the last Balance Sheet of Mysore Steels Limited filed with the ROC?

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

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