Steel Strips Wheels Ltd

Designing and manufacturing automotive steel wheels for various vehicles, serving domestic and global customers.

1985 | Patiala, Punjab (India) | Active
Last Updated:

Steel Strips Wheels Profile

Key Indicators

  • Authorised Capital ₹ 36.40 Cr
  • Paid Up Capital ₹ 15.69 Cr
  • Company Age 40 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,755.01 Cr
  • Satisfied Charges ₹ 4,021.32 Cr
  • Revenue Growth 7.90%
  • Profit Growth 13.46%
  • Ebitda 5.06%
  • Net Worth 18.59%
  • Total Assets 16.66%

About Steel Strips Wheels

Steel Strips Wheels Ltd (SSWL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 February 1985 and has a history of 40 years and two months. Its registered office is in Patiala, Punjab, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 513262 and on the National Stock Exchange(NSE) under SSWL.

The Corporate was formerly known as Punjab Wheels Limited. The Company is engaged in the Automotive 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 36.40 Cr and a paid-up capital of Rs 15.69 Cr.

The company currently has active open charges totaling ₹1,755.01 Cr. The company has closed loans amounting to ₹4,021.32 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Steel Strips Wheels Ltd India are Naveen Sorot as CFO and Kanika Sapra as Company Secretary. Sanjay Garg, Manohar Jain, Rajinder Garg, and Nine other members serve as directors at the Company.

Company Details

  • Location

    Patiala, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L27107PB1985PLC006159

  • Company No.

    006159

  • Stock Symbol

    BSE : 513262 NSE : SSWL

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Feb 1985

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Automotive

What products or services does Steel Strips Wheels Ltd offer?

Steel Strips Wheels Ltd offers a wide range of products and services, including Tyre, Tube & Flaps, Alloy Wheels, Wheel Rim, Rims & Wheels, Car Wheels, Truck Wheel Rim, Heavy & Light Duty Caster Wheels, Nylon, Plastic, PU, Rubber & Metal Wheel, Car Wheel Rim.

Company report

Steel Strips Wheels Ltd

Explore comprehensive data for Steel Strips Wheels Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Steel Strips Wheels?

Executive Team (3)

NameDesignationAppointment DateStatus
Dheeraj Garg Country flag representing In Managing Director29-Apr-1993Current
Naveen Sorot CFO16-Sep-2020Current
Kanika Sapra Country flag representing In Company Secretary07-Nov-2024Current

Board Members (11)

NameDesignationAppointment DateStatus
Siddharth Bansal Country flag representing In Director 09-Nov-2020Current
Sanjay Sahni Country flag representing In Nominee Director 14-Nov-2018Current
Sanjay Garg Country flag representing In Director 24-Aug-2020Current
Mohan Joshi Country flag representing In Whole-Time Director 29-Aug-2024Current
Deva Reddy Country flag representing In Director 01-Aug-2020Current
Manohar Jain Country flag representing In Whole-Time Director 01-Aug-2013Current

Financial Performance of Steel Strips Wheels.

Steel Strips Wheels Ltd, for the financial year ended 2024, experienced modest growth in revenue, with a 7.9% increase. The company also saw a substantial improvement in profitability, with a 13.46% increase in profit. The company's net worth Soared by an impressive increase of 18.59%.

Steel Strips Wheels revenue growth over time
Steel Strips Wheels 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
7.90%
Revenue from Operations
7.83%
Total Assets
16.66%
Profit or Loss
13.46%
Net Worth
18.59%
EBITDA
5.06%

What is the Ownership and Shareholding Structure of Steel Strips Wheels?

In 2024, Steel Strips Wheels had a promoter holding of 60.98% and a public holding of 39.03%. 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

₹1,755.01 Cr

Satisfied Charges

₹4,021.32 Cr

Charges Breakdown by Lending Institutions

  • Others : 872.51 Cr
  • Hdfc Bank Limited : 548.50 Cr
  • Yes Bank Limited : 259.00 Cr
  • The South Indian Bank Limited : 75.00 Cr

Latest Charge Details

DateLenderAmountStatus
12 Mar 2024The South Indian Bank Limited₹75.00 CrOpen
15 Sep 2023Others₹0.05 MOpen
26 Jul 2023Hdfc Bank Limited₹75.00 CrOpen
22 May 2023Others₹75.00 CrOpen
11 Jan 2023Hdfc Bank Limited₹150.00 CrOpen

How Many Employees Work at Steel Strips Wheels?

Steel Strips Wheels has a workforce of 2798 employees as of Apr 04, 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 Steel Strips Wheels Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Steel Strips Wheels, 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 Steel Strips Wheels'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 Steel Strips Wheels

Recent activity within the organization

  • Charges

    A charge registered on 20 Jul 2017 via Charge ID 100113757 with Hdfc Bank Limited was fully satisfied on 17 Jan 2025.

  • Charges

    A charge registered on 30 Mar 2016 via Charge ID 100022355 with Hdfc Bank Limited was fully satisfied on 17 Jan 2025.

  • Charges

    A charge with The South Indian Bank Limited of Rs. 75.00 Cr registered on 12 Mar 2024 with Charge ID 100891337 was modified on 10 Jan 2025.

  • Director Appointment

    Kanika Sapra was appointed as a Company Secretary was appointed as a Company Secretary on 07 Nov 2024 & has been associated with this company since 6 months 7 days .

  • Director Appointment

    Sukhvinder Khanna was appointed as a Director was appointed as a Director on 01 Oct 2024 & has been associated with this company since 7 months 13 days .

  • Annual General Meeting

    Steel Strips Wheels Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Steel Strips Wheels Ltd?

    Steel Strips Wheels Ltd was incorporated on 28 Feb 1985.

  • What is authorized share capital and paid-up capital of Steel Strips Wheels Ltd?

    The authorized share capital of Steel Strips Wheels Ltd is ₹ 36.40 Cr and paid-up capital is ₹ 15.69 Cr.

  • Who are the current board members & directors of Steel Strips Wheels Ltd?

    Currently 14 directors are associated with Steel Strips Wheels Ltd.

    • Sanjay Garg
    • Manohar Lal Jain
    • Rajinder Kumar Garg
    • Dheeraj Garg
    • Shashi Bhushan Gupta
    • Virander Kumar Arya
    • Ajit Singh Chatha
    • Siddharth Bansal
    • Mohan Joshi
    • Sanjay Surajprakash Sahni
    • Deva Bharathi Reddy
    • Sukhvinder Khanna
    • Naveen Sorot
    • Kanika Sapra

  • What is the registered address of Steel Strips Wheels Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Steel Strips Wheels Ltd is Vill. Somalheri/Lehli P.O. Dappar Teh. Derabassi, Distt. Mohali. India, Na, Punjab, 140506.

  • What is the corporate identification number (CIN) and company number of Steel Strips Wheels Ltd?

    The corporate identification number (CIN) of Steel Strips Wheels Ltd is L27107PB1985PLC006159 and the company number is 006159 as per Ministry of Corporate Affairs (MCA).

  • Is Steel Strips Wheels Ltd registered with any stock exchange in India?

    Yes, Steel Strips Wheels Ltd is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SSWL.

  • What is the official website of Steel Strips Wheels Ltd?

    The Official website of Steel Strips Wheels Ltd is https://www.sswlindia.com

  • What has been the recent revenue trend for Steel Strips Wheels Ltd?

    According to the financial reports for the fiscal year 2024, the revenue trend for Steel Strips Wheels Ltd has risen by 7.90%.

  • How many employees does Steel Strips Wheels Ltd currently have?

    As Per 2024 financial reports, 2798 employees are currently employed by Steel Strips Wheels Ltd.

  • What change has been observed in the net worth of Steel Strips Wheels Ltd, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Steel Strips Wheels Ltd has experienced an upsurge of 18.59%.

  • What are the total open charges for Steel Strips Wheels Ltd?

    As per the financial statements for fiscal Year 2024, The total open charges for Steel Strips Wheels Ltd amount to ₹ 1,755.01 Cr.

  • When was the last Balance Sheet of Steel Strips Wheels Ltd filed with the ROC?

    The most recent Balance Sheet for Steel Strips Wheels Ltd was filed with the ROC on 31 Mar 2024.

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