Vardhman Special Steels Limited

Manufacturer and marketer of special and alloy steels for engineering, automotive, and allied industries.

2010 | Ludhiana, Punjab (India) | Active
Last Updated:

Vardhman Special Steels Profile

Key Indicators

  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 81.56 Cr
  • Company Age 14 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 615.00 Cr
  • Satisfied Charges ₹ 328.75 Cr
  • Revenue Growth 47.08%
  • Profit Growth 127.97%
  • Ebitda 68.05%
  • Net Worth 20.81%
  • Total Assets 14.72%

About Vardhman Special Steels

Vardhman Special Steels Limited (VSSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 May 2010 and has a history of 14 years and nine months. Its registered office is in Ludhiana, Punjab, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 534392 and on the National Stock Exchange(NSE) under VSSL.

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 2024. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 81.56 Cr.

The company currently has active open charges totaling ₹615.00 Cr. The company has closed loans amounting to ₹328.75 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Vardhman Special Steels Limited India are Sanjeev Singla as CFO and Sonam Taneja as Company Secretary. Rakesh Jain, Rajinder Jain, Sanjoy Bhattacharyya, and Ten other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vardhmansteel.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L27100PB2010PLC033930

  • Company No.

    033930

  • Stock Symbol

    BSE : 534392 NSE : VSSL

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 May 2010

  • Date of AGM

    19 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Metals and Minerals

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

Executive Team (3)

NameDesignationAppointment DateStatus
Sachit Jain Country flag representing In Managing Director14-May-2010Current
Sanjeev Singla Country flag representing In CFO17-May-2014Current
Sonam Taneja Country flag representing In Company Secretary31-Jan-2015Current

Board Members (12)

NameDesignationAppointment DateStatus
Vidya Shah Country flag representing In Director 25-Jul-2022Current
Rajendar Rewari Country flag representing In Whole-Time Director 25-Jul-2022Current
Randhir Kalsi Country flag representing In Additional Director 07-Nov-2024Current
Rakesh Jain Country flag representing In Director 27-Apr-2018Current
Rajinder Jain Country flag representing In Director 15-Mar-2011Current
Sanjoy Bhattacharyya Country flag representing In Director 30-Oct-2015Current

Financial Performance of Vardhman Special Steels.

Vardhman Special Steels Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 47.08% increase. The company also saw a substantial improvement in profitability, with a 127.97% increase in profit. The company's net worth Soared by an impressive increase of 20.81%.

Vardhman Special Steels revenue growth over time
Vardhman Special 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
47.08%
Revenue from Operations
46.03%
Total Assets
14.72%
Profit or Loss
127.97%
Net Worth
20.81%
EBITDA
68.05%

What is the Ownership and Shareholding Structure of Vardhman Special Steels?

In 2022, Vardhman Special Steels had a promoter holding of 60.78% and a public holding of 39.21%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹615.00 Cr

Satisfied Charges

₹328.75 Cr

Charges Breakdown by Lending Institutions

  • Others : 575.00 Cr
  • Hdfc Bank Limited : 40.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Jun 2019Hdfc Bank Limited₹40.00 CrOpen
23 Jan 2019Others₹75.00 CrOpen
25 May 2011Others₹500.00 CrOpen
29 Oct 2015State Bank Of India₹65.00 CrSatisfied
29 Oct 2015State Bank Of India₹28.00 CrSatisfied

How Many Employees Work at Vardhman Special Steels?

Vardhman Special Steels has a workforce of 1357 employees as of Mar 28, 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 Vardhman Special Steels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vardhman Special 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 Vardhman Special 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 Vardhman Special Steels

Recent activity within the organization

  • Director Appointment

    Randhir Singh Kalsi was appointed as a Additional Director was appointed as a Additional Director on 07 Nov 2024 & has been associated with this company since 3 months 24 days .

  • Annual General Meeting

    Vardhman Special Steels Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.

  • Director Appointment

    Hemant Bharat Ram was appointed as a Director was appointed as a Director on 25 Jul 2024 & has been associated with this company since 7 months 7 days .

  • Balance Sheet

    Vardhman Special Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge registered on 29 Oct 2015 via Charge ID 10603929 with State Bank Of India was fully satisfied on 10 Jan 2024.

  • Charges

    A charge with Others of Rs. 500.00 Cr registered on 25 May 2011 with Charge ID 10295541 was modified on 16 Sep 2023.

Recent News, Updates & Announcement

Frequently asked questions

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

    Vardhman Special Steels Limited was incorporated on 14 May 2010.

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

    The authorized share capital of Vardhman Special Steels Limited is ₹ 100.00 Cr and paid-up capital is ₹ 81.56 Cr.

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

    Currently 15 directors are associated with Vardhman Special Steels Limited.

    • Rakesh Naginchand Jain
    • Rajinder Kumar Jain
    • Sanjoy Bhattacharyya
    • Hemant Bharat Ram
    • Rajeev Gupta
    • Vidya Shah
    • Rajendar Kumar Rewari
    • Suman Chatterjee
    • Sachit Jain
    • Suchita Jain
    • Randhir Singh Kalsi
    • Soumya Jain
    • Sanjeev Singla
    • Sonam Taneja
    • Toshio Ito

  • What is the registered address of Vardhman Special Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vardhman Special Steels Limited is Vardhman Premises Chandigarh Road India, Ludhiana, Punjab, 141010.

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

    The corporate identification number (CIN) of Vardhman Special Steels Limited is L27100PB2010PLC033930 and the company number is 033930 as per Ministry of Corporate Affairs (MCA).

  • Is Vardhman Special Steels Limited registered with any stock exchange in India?

    Yes, Vardhman Special Steels Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VSSL.

  • What is the official website of Vardhman Special Steels Limited?

    The Official website of Vardhman Special Steels Limited is https://www.vardhmansteel.com

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Vardhman Special Steels Limited has risen by 47.08%.

  • How many employees does Vardhman Special Steels Limited currently have?

    As Per 2022 financial reports, 1357 employees are currently employed by Vardhman Special Steels Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Vardhman Special Steels Limited has experienced an upsurge of 20.81%.

  • What are the total open charges for Vardhman Special Steels Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Vardhman Special Steels Limited amount to ₹ 615.00 Cr.

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

    The most recent Balance Sheet for Vardhman Special Steels Limited was filed with the ROC on 31 Mar 2024.

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