Salasar Steel And Power Limited

Manufactures sponge iron, billets, rolled products, and has captive power plants.

1994 | Kolkata, West Bengal (India) | Merged
Last Updated: January 16, 2025

Salasar Steel And Power Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 60.00 Cr
  • Company Age 30 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 555.73 Cr
  • Revenue Growth 530.07%
  • Profit Growth -94.07%
  • Ebitda -58.17%
  • Net Worth 2.99%
  • Total Assets 18.45%

About Salasar Steel And Power

Salasar Steel And Power Limited (SSAPL) is Amalgamated company established on 19 May 1994 with its office registered at Kolkata, West Bengal, India and has been running since 30 Year, 8 Months with a paid up capital of 60.00 Cr. According to MCA records, 4 Directors and 2 Signatories are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17124WB1994PLC261559

  • Company No.

    008350

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 May 1994

  • Date of AGM

    24 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

Who are the key members and board of directors at Salasar Steel And Power?

Executive Team (3)

Name Designation Appointment Date Status
Piyush Agarwal Country flag representing In Managing Director 22-Dec-2021 Current
Alok Saraf CFO 01-Feb-2022 Current
Arpita Dewangan Company Secretary 27-Nov-2021 Current

Board Members (3)

Name Designation Appointment Date Status
Ajay Agarwal Country flag representing In Director 22-Dec-2021 Current
Ayush Agarwal Country flag representing In Director 22-Dec-2021 Current
Vinay Sharma Country flag representing In Whole-Time Director 25-Feb-2022 Current

Financial Performance of Salasar Steel And Power.

Salasar Steel And Power Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 530.07% increase. The company also saw a substantial fall in profitability, with a 94.07% decrease in profit. The company's net worth moved up by a moderate rise of 2.99%.

Graph illustrating revenue growth over time
Graph showing 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
530.07%
Revenue from Operations
531.21%
Total Assets
18.45%
Profit or Loss
-94.07%
Net Worth
2.99%
EBITDA
-58.17%

What is the Ownership and Shareholding Structure of Salasar Steel And Power?

In 2023, Salasar Steel And Power had a promoter holding of 16.42% and a public holding of 83.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹555.73 Cr

Charges Breakdown by Lending Institutions

  • Others : 376.08 Cr
  • Canara Bank : 141.00 Cr
  • Edelweiss Asset Reconstruction Company Limited : 30.00 Cr
  • Corporation Bank : 5.14 Cr
  • Bank Of Baroda : 2.00 Cr
  • Others : 1.51 Cr

Latest Charge Details

Date Lender Amount Status
22 Dec 2021 Canara Bank ₹141.00 Cr Satisfied
28 Jan 2013 Corporation Bank ₹5.14 Cr Satisfied
27 Mar 2012 Others ₹3.40 Cr Satisfied
29 Feb 2012 Tata Capital Financial Services Limited ₹2.50 M Satisfied
28 Sep 2011 Tata Capital Financial Services Limited ₹2.22 M Satisfied

How Many Employees Work at Salasar Steel And Power?

Salasar Steel And Power has a workforce of 125 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Salasar Steel And Power, 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 Salasar Steel And Power'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 Salasar Steel And Power

Recent activity within the organization

  • Annual General Meeting

    Salasar Steel And Power Limited last Annual general meeting of members was held on 24 Dec 2023 as per latest MCA records.

    24 Dec 2023

  • Charges

    A charge registered on 22 Dec 2021 via Charge ID 100524280 with Canara Bank was fully satisfied on 02 Nov 2023.

    02 Nov 2023

  • Balance Sheet

    Salasar Steel And Power Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Director Appointment

    Vinay Kumar Sharma was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 25 Feb 2022 & has been associated with this company since 2 years 11 months .

    25 Feb 2022

  • Director Appointment

    Alok Saraf was appointed as a Cfo was appointed as a Cfo on 01 Feb 2022 & has been associated with this company since 3 years .

    01 Feb 2022

  • Charges

    A charge registered on 28 Jan 2013 via Charge ID 10413162 with Corporation Bank was fully satisfied on 24 Dec 2021.

    24 Dec 2021

Frequently asked questions

  • Salasar Steel And Power Limited was incorporated on 19 May 1994.

  • The authorized share capital of Salasar Steel And Power Limited is ₹ 60.00 Cr and paid-up capital is ₹ 60.00 Cr.

  • Currently 6 directors are associated with Salasar Steel And Power Limited.

    • Ajay Agarwal
    • Piyush Agarwal
    • Ayush Agarwal
    • Alok Saraf
    • Arpita Dewangan
    • Vinay Kumar Sharma
  • As per Ministry of Corporate Affairs (Mca), the registered address of Salasar Steel And Power Limited is 45 Shakespeare Sarani, Room 303 3Rd Floor Century Tower India, Park Circus, West Bengal, 700017.

  • The corporate identification number (CIN) of Salasar Steel And Power Limited is U17124WB1994PLC261559 and the company number is 008350 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Salasar Steel And Power Limited is https://www.sspl-india.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Salasar Steel And Power Limited has risen by 530.07%.

  • As Per 2023 financial reports, 125 employees are currently employed by Salasar Steel And Power Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Salasar Steel And Power Limited has experienced an upsurge of 2.99%.

  • The most recent Balance Sheet for Salasar Steel And Power Limited was filed with the ROC on 31 Mar 2023.

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