Sterling Abrasives Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 9.00 M
- Company Age 45 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 121.72 Cr
- Satisfied Charges ₹ 21.80 Cr
- Revenue Growth 23.27%
- Profit Growth 36.09%
- Ebitda 34.63%
- Net Worth 14.81%
- Total Assets 38.85%
About Sterling Abrasives
Sterling Abrasives Limited (SAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 July 1979 and has a history of 45 years and six months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Sterling Abrasives P Limited. The Company is engaged in the Machinery And Equipment 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 1.00 Cr and a paid-up capital of Rs 9.00 M.
The company currently has active open charges totaling ₹121.72 Cr. The company has closed loans amounting to ₹21.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nitin Parikh, Nirav Parikh, Srinivasan Rangarajan, and Four other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29259GJ1979PLC003467
- Company No.
003467
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Jul 1979
- Date of AGM
30 May 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Sterling Abrasives Limited offer?
Sterling Abrasives Limited offers a wide range of products and services, including Saw Blades & Grinding Wheels, Grinding Wheels, Food Grains & Nut Processing Machine, Rice Mill Machinery, Abrasives & Grains, Cutting Abrasives, Polishing Abrasives, Polishing Stones, Abrasive Stones, Piston & Crankshaft Assemblies.
Who are the key members and board of directors at Sterling Abrasives?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nirav Parikh  | Managing Director | 01-Jul-2005 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nitin Parikh | Whole-Time Director | 27-Jul-1979 | Current |
| Srinivasan Rangarajan | Director | 22-Apr-2009 | Current |
| Sudhir Nanavati | Director | 27-Jul-1979 | Current |
| Sridharan Rangarajan | Director | 16-Feb-2024 | Current |
| Dorairaj Deepak | Director | 11-Apr-2024 | Current |
| Ninad Gadgil | Director | 03-Mar-2020 | Current |
Financial Performance of Sterling Abrasives.
Sterling Abrasives Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.27% increase. The company also saw a substantial improvement in profitability, with a 36.09% increase in profit. The company's net worth Soared by an impressive increase of 14.81%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Sterling Abrasives?
In 2023, Sterling Abrasives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Murugappa Morgan Thermal Ceramics LtdSrinivasan Rangarajan and Sridharan Rangarajan are mutual person
Indian Machine Tool Manufacturers AssociationSrinivasan Rangarajan is a mutual person
Cholamandalam Ms General Insurance Company LimitedSridharan Rangarajan is a mutual person
E.I.D Parry (India) LimitedSridharan Rangarajan is a mutual person
Cholamandalam Financial Holdings LimitedSridharan Rangarajan is a mutual person
Ace Designers LimitedSrinivasan Rangarajan is a mutual person
Charges (Loans)
₹121.72 Cr
₹21.80 Cr
Charges Breakdown by Lending Institutions
- Others : 121.00 Cr
- Bank Of Baroda : 0.72 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2022 | Others | ₹45.00 Cr | Open |
| 30 Jul 2019 | Others | ₹76.00 Cr | Open |
| 22 Sep 1989 | Bank Of Baroda | ₹7.20 M | Open |
| 20 Sep 1997 | State Bank Of India | ₹21.80 Cr | Satisfied |
How Many Employees Work at Sterling Abrasives?
Sterling Abrasives has a workforce of 461 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Sterling Abrasives, 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 Sterling Abrasives's trajectory.
Rating
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
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.
