Synergy Steels Limited

Manufacturer of metal and stainless steel products for various industries since 1973.

1973 | West Delhi, Delhi (India) | Active
Last Updated:

Synergy Steels Profile

Key Indicators

  • Authorised Capital ₹ 14.00 Cr
  • Paid Up Capital ₹ 13.23 Cr
  • Company Age 51 Year, 11 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 11 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

Metals and Minerals

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.

Company report

Synergy Steels Limited

Explore comprehensive data for Synergy Steels Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Synergy Steels?

Executive Team (4)

NameDesignationAppointment DateStatus
Anubhav Kathuria Country flag representing In Managing Director28-Sep-2015Current
Arvind Tiwari Company SecretaryCurrent
Yugal Garg CFOCurrent
Munish Jindal CEO29-Mar-2024Current

Board Members (4)

NameDesignationAppointment DateStatus
Subhash Kathuria Country flag representing In Director 01-Oct-2009Current
Subhash Jain Country flag representing In Director 17-Dec-2003Current
Ajay Mohanty Country flag representing In Director 24-Mar-2015Current
Arundhati Kar Country flag representing In Director 29-Nov-2021Current

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%.

Synergy Steels revenue growth over time
Synergy Steels 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
-5.91%
Revenue from Operations
-5.99%
Total Assets
3.43%
Profit or Loss
-76.12%
Net Worth
5.52%
EBITDA
-46.18%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹648.77 Cr

Satisfied Charges

₹443.78 Cr

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 597.44 Cr
  • Hdfc Bank Limited : 51.33 Cr

Latest Charge Details

DateLenderAmountStatus
29 Jun 2024Hdfc Bank Limited₹40.00 CrOpen
06 May 2024Indian Overseas Bank₹2.00 MOpen
27 Feb 2024Indian Overseas Bank₹4.00 MOpen
24 May 2023Hdfc Bank Limited₹11.33 CrOpen
01 Mar 2023Indian Overseas Bank₹6.40 CrOpen

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.

Employee growth trends for Synergy Steels Limited

Deals i

Graph showing company valuation over time

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

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 Synergy Steels

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 40.00 Cr with Charge ID 100967509 was registered on 29 Jun 2024.

  • Charges

    A charge with Indian Overseas Bank amounted to Rs. 0.20 Cr with Charge ID 100928710 was registered on 06 May 2024.

  • Director Appointment

    Munish Jindal was appointed as a Ceo was appointed as a Ceo on 29 Mar 2024 & has been associated with this company since 1 year 11 days .

  • Charges

    A charge with Indian Overseas Bank amounted to Rs. 0.40 Cr with Charge ID 100885272 was registered on 27 Feb 2024.

  • Charges

    A charge registered on 11 Dec 2020 via Charge ID 100404373 with Hdfc Bank Limited was fully satisfied on 20 Feb 2024.

  • Annual General Meeting

    Synergy Steels Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Synergy Steels Limited?

    Synergy Steels Limited was incorporated on 13 Apr 1973.

  • What is authorized share capital and paid-up capital of Synergy Steels Limited?

    The authorized share capital of Synergy Steels Limited is ₹ 14.00 Cr and paid-up capital is ₹ 13.23 Cr.

  • Who are the current board members & directors of Synergy Steels Limited?

    Currently 8 directors are associated with Synergy Steels Limited.

    • Subhash Chander Kathuria
    • Subhash Chand Jain
    • Anubhav Kathuria
    • Ajay Kumar Mohanty
    • Arundhati Kar
    • Arvind Kumar Tiwari
    • Yugal Kishor Garg
    • Munish Jindal

  • What is the registered address of Synergy Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Synergy Steels Limited is 1/1 Kirti Nagar, Industrial Area New Delhi, India, 110015.

  • What is the corporate identification number (CIN) and company number of Synergy Steels Limited?

    The corporate identification number (CIN) of Synergy Steels Limited is U27107DL1973PLC210670 and the company number is 210670 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Synergy Steels Limited?

    The Official website of Synergy Steels Limited is https://www.synergysteels.com

  • What has been the recent revenue trend for Synergy Steels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Synergy Steels Limited has fallen by -5.91%.

  • How many employees does Synergy Steels Limited currently have?

    As Per 2023 financial reports, 410 employees are currently employed by Synergy Steels Limited.

  • What change has been observed in the net worth of Synergy Steels Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Synergy Steels Limited has experienced an upsurge of 5.52%.

  • What are the total open charges for Synergy Steels Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Synergy Steels Limited amount to ₹ 648.77 Cr.

  • When was the last Balance Sheet of Synergy Steels Limited filed with the ROC?

    The most recent Balance Sheet for Synergy Steels Limited was filed with the ROC on 31 Mar 2023.

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