Synergy Steels Profile
Key Indicators
- Authorised Capital ₹ 14.00 Cr
- Paid Up Capital ₹ 13.23 Cr
- Company Age 51 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 648.77 Cr
- Satisfied Charges ₹ 443.78 Cr
- Revenue Growth -5.91%
- Profit Growth -76.12%
- Ebitda -46.18%
- Net Worth 5.52%
- Total Assets 3.43%
About Synergy Steels
Synergy Steels Limited (SSL) was founded in India on 13 April 1973 and has a glorious history of 51 years and ten months. Its registered office is in West 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 14.00 Cr and a paid-up capital of Rs 13.23 Cr.
The company currently has active open charges totaling ₹648.77 Cr. The company has closed loans amounting to ₹443.78 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Synergy Steels Limited India are Arvind Tiwari as Company Secretary, Yugal Garg as Cfo, and Munish Jindal as Ceo. Subhash Kathuria, Subhash Jain, Anubhav Kathuria, and Two other members serve as directors at the Company.
Company Details
- Location
West Delhi, Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27107DL1973PLC210670
- Company No.
210670
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
13 Apr 1973
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
What products or services does Synergy Steels Limited offer?
Synergy Steels Limited offers a wide range of products and services, including Steel Bars, Rods, Plates & Sheets, Stainless Steel Bars, Steel Rods, Stainless Steel Wire Rod, Metal and Alloy Wires, Steel Wire, Industrial Steel, Stainless Steel Flats, Stainless Steel Bright Bar, 202 Stainless Steel Wire.
Who are the key members and board of directors at Synergy Steels?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anubhav Kathuria  | Managing Director | 28-Sep-2015 | Current |
| Arvind Tiwari | Company Secretary | Current | |
| Yugal Garg | CFO | Current | |
| Munish Jindal | CEO | 29-Mar-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Subhash Kathuria | Director | 01-Oct-2009 | Current |
| Subhash Jain | Director | 17-Dec-2003 | Current |
| Ajay Mohanty | Director | 24-Mar-2015 | Current |
| Arundhati Kar | Director | 29-Nov-2021 | Current |
Financial Performance of Synergy Steels.
Synergy Steels Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 5.91% decrease. The company also saw a substantial fall in profitability, with a 76.12% decrease in profit. The company's net worth moved up by a moderate rise of 5.52%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Synergy Steels?
In 2023, Synergy Steels 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)
Synergy Ispat Private LimitedSubhash Kathuria, Subhash Jain and 1 more are mutual person
Synergy Global Steel Private LimitedSubhash Kathuria, Subhash Jain and 1 more are mutual person
Chamak Holdings LimitedSubhash Kathuria, Subhash Jain and 1 more are mutual person
Syn Renewable Private LimitedSubhash Kathuria, Subhash Jain and 1 more are mutual person
- Life Medicare And Biotech Private Limited
Subhash Kathuria, Subhash Jain and 1 more are mutual person
- Kathuria Castings Private Limited
Subhash Kathuria is a mutual person
Charges (Loans)
₹648.77 Cr
₹443.78 Cr
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 597.44 Cr
- Hdfc Bank Limited : 51.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2024 | Hdfc Bank Limited | ₹40.00 Cr | Open |
| 06 May 2024 | Indian Overseas Bank | ₹2.00 M | Open |
| 27 Feb 2024 | Indian Overseas Bank | ₹4.00 M | Open |
| 24 May 2023 | Hdfc Bank Limited | ₹11.33 Cr | Open |
| 01 Mar 2023 | Indian Overseas Bank | ₹6.40 Cr | Open |
How Many Employees Work at Synergy Steels?
Synergy Steels has a workforce of 410 employees as of Sep 30, 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 Synergy 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 Synergy Steels'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.
