Sponge Sales India Private Limited

Supplier of raw materials for iron and steel production, based in North India.

1994 | Delhi, Delhi (India) | Active
Last Updated: July 17, 2024

Sponge Sales India Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 5.84 Cr
  • Company Age 31 Year, 15 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 97.24 Cr
  • Satisfied Charges ₹ 89.60 Cr
  • Revenue Growth 11.32%
  • Profit Growth 13.52%
  • Ebitda 25.26%
  • Net Worth 43.58%
  • Total Assets -12.73%

About Sponge Sales India

Sponge Sales India Private Limited (SSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 February 1994 and has a history of 31 years. Its registered office is in Delhi, Delhi, 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 2023. It's a company limited by shares with an authorized capital of Rs 8.00 Cr and a paid-up capital of Rs 5.84 Cr.

The company currently has active open charges totaling ₹97.24 Cr. The company has closed loans amounting to ₹89.60 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sponge Sales India Private Limited India is Garvit Goyal as CFO. Prashast Goyal, Kuldeep Garg, and Pankaj Khetan serve as directors at the Company.

Company Details

  • Location

    Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    spongeiron.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74899DL1994PTC057281

  • Company No.

    057281

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Feb 1994

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

What products or services does Sponge Sales India Private Limited offer?

Sponge Sales India Private Limited offers a wide range of products and services, including Minerals and Ores, Iron Ore.

Who are the key members and board of directors at Sponge Sales India?

Executive Team (2)

NameDesignationAppointment DateStatus
Pankaj Khetan Country flag representing In Managing Director04-Sep-2008Current
Garvit Goyal CFO01-Aug-2022Current

Board Members (2)

NameDesignationAppointment DateStatus
Prashast Goyal Country flag representing In Whole-Time Director 27-Jul-2018Current
Kuldeep Garg Country flag representing In Whole-Time Director 21-Aug-2003Current

Financial Performance of Sponge Sales India.

Sponge Sales India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.32% increase. The company also saw a substantial improvement in profitability, with a 13.52% increase in profit. The company's net worth Soared by an impressive increase of 43.58%.

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
11.32%
Revenue from Operations
11.33%
Total Assets
-12.73%
Profit or Loss
13.52%
Net Worth
43.58%
EBITDA
25.26%

What is the Ownership and Shareholding Structure of Sponge Sales India?

In 2023, Sponge Sales India had a promoter holding of 46.29% and a public holding of 53.71%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹97.24 Cr

Satisfied Charges

₹89.60 Cr

Charges Breakdown by Lending Institutions

  • Others : 97.24 Cr

Latest Charge Details

DateLenderAmountStatus
25 Jan 2022Others₹30.00 CrOpen
09 Dec 2021Others₹2.50 MOpen
25 Nov 2021Others₹4.22 CrOpen
24 Aug 2021Others₹3.90 MOpen
16 Jan 2021Others₹1.38 CrOpen

How Many Employees Work at Sponge Sales India?

Unlock and access historical data on people associated with Sponge Sales India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sponge Sales India, 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 Sponge Sales India'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 Sponge Sales India

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 30.00 Cr registered on 25 Jan 2022 with Charge ID 100543366 was modified on 30 Dec 2023.

    30 Dec 2023

  • Charges

    A charge registered on 14 Jun 2023 via Charge ID 100741613 with Others was fully satisfied on 25 Oct 2023.

    25 Oct 2023

  • Annual General Meeting

    Sponge Sales India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others of Rs. 59.00 Cr registered on 30 Jun 2017 with Charge ID 100119062 was modified on 28 Sep 2023.

    28 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100741613 was registered on 14 Jun 2023.

    14 Jun 2023

  • Balance Sheet

    Sponge Sales India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

    31 Mar 2023

Frequently asked questions

  • Sponge Sales India Private Limited was incorporated on 08 Feb 1994.

  • The authorized share capital of Sponge Sales India Private Limited is ₹ 8.00 Cr and paid-up capital is ₹ 5.84 Cr.

  • Currently 4 directors are associated with Sponge Sales India Private Limited.

    • Garvit Goyal
    • Prashast Goyal
    • Kuldeep Garg
    • Pankaj Khetan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sponge Sales India Private Limited is 118 Jagriti Enclave, Delhi, India, 110092.

  • The corporate identification number (CIN) of Sponge Sales India Private Limited is U74899DL1994PTC057281 and the company number is 057281 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sponge Sales India Private Limited is https://www.spongeiron.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Sponge Sales India Private Limited has risen by 11.32%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Sponge Sales India Private Limited has experienced an upsurge of 43.58%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Sponge Sales India Private Limited amount to ₹ 97.24 Cr.

  • The most recent Balance Sheet for Sponge Sales India Private Limited was filed with the ROC on 31 Mar 2023.

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