Visa Steel Limited

Manufacturer of steel and steel products with multiple plants in Odisha.

1996 | Khorda, Odisha (India) | Under Insolvency
Last Updated: January 15, 2025

Visa Steel Profile

Key Indicators

  • Authorised Capital ₹ 252.00 Cr
  • Paid Up Capital ₹ 115.79 Cr
  • Company Age 28 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 16,193.98 Cr
  • Satisfied Charges ₹ 2,346.98 Cr
  • Revenue Growth 29.94%
  • Profit Growth 81.89%
  • Ebitda 131.11%
  • Net Worth -20.52%
  • Total Assets -2.29%

About Visa Steel

Visa Steel Limited (VSL) is Under Cirp company established on 10 Sep 1996 with its office registered at Khorda, Odisha, India and has been running since 28 Year, 5 Months with a paid up capital of 115.79 Cr. According to MCA records, 6 Directors and 2 Signatories are linked to this company as of 15 Jan 2025.

Company Details

  • Location

    Khorda, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    visasteel.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L51109OR1996PLC004601

  • Company No.

    004601

  • Stock Symbol

    BSE : 532721 NSE : VISASTEEL

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Sep 1996

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Cuttack

Industry

Metals and Minerals

What products or services does Visa Steel Limited offer?

Visa Steel Limited offers a wide range of products and services, including Steel Bars, Rods, Plates & Sheets, Steel Rods, Ferro Alloys, Ferro Chrome, Wire Rods, Coke Lump, Metallurgical Coke, Minerals and Ores, Iron Ore, Steel Bars.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Vishal Agarwal Country flag representing In Managing Director10-Sep-1996Current
Surinder Singhal Country flag representing In CFO30-Jun-2020Current
Amisha Chaturvedi Country flag representing In Company Secretary10-Feb-2021Current

Board Members (5)

NameDesignationAppointment DateStatus
Dhanesh Ranjan Country flag representing In Director 30-Sep-2018Current
Vishambhar Saran Country flag representing In Whole-Time Director 10-Sep-1996Current
Ritu Bajaj Country flag representing In Director 24-Aug-2023Current
Manoj Kumar Country flag representing In Whole-Time Director 15-Sep-2015Current
Biswajit Chongdar Country flag representing In Director 07-Aug-2023Current

Financial Performance of Visa Steel.

Visa Steel Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 29.94% increase. The company also saw a substantial improvement in profitability, with a 81.89% increase in profit. The company's net worth observed a substantial decline by a decrease of 20.52%.

Graph illustrating revenue growth over time
Graph showing 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
29.94%
Revenue from Operations
39.76%
Total Assets
-2.29%
Profit or Loss
81.89%
Net Worth
-20.52%
EBITDA
131.11%

What is the Ownership and Shareholding Structure of Visa Steel?

In 2022, Visa Steel had a promoter holding of 38.33% and a public holding of 61.67%. The company had 4 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹16,193.98 Cr

Satisfied Charges

₹2,346.98 Cr

Charges Breakdown by Lending Institutions

  • Others : 13049.69 Cr
  • Syndicate Bank : 3007.59 Cr
  • Vijaya Bank : 46.22 Cr
  • Export- Import Bank Of India : 30.00 Cr
  • Srei Equipment Finance Private Limited : 19.93 Cr
  • Others : 40.55 Cr

Latest Charge Details

DateLenderAmountStatus
19 Apr 2017Others₹30.00 CrOpen
31 Jul 2015Others₹15.00 CrOpen
27 Jul 2015Vijaya Bank₹9.50 CrOpen
29 Jun 2015Syndicate Bank₹15.00 CrOpen
31 Mar 2015Others₹282.57 CrOpen

How Many Employees Work at Visa Steel?

Visa Steel has a workforce of 335 employees as of Mar 21, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

    Visa Steel Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

    27 Sep 2024

  • Balance Sheet

    Visa Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.

    31 Mar 2024

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 31 Jul 2015 with Charge ID 10588214 was modified on 22 Sep 2023.

    22 Sep 2023

  • Charges

    A charge with Others of Rs. 2.11 Cr registered on 23 Jun 2012 with Charge ID 10368134 was modified on 22 Sep 2023.

    22 Sep 2023

  • Charges

    A charge with Others of Rs. 80.00 Cr registered on 05 Oct 2010 with Charge ID 10246975 was modified on 22 Sep 2023.

    22 Sep 2023

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 02 Jun 2010 with Charge ID 10225470 was modified on 22 Sep 2023.

    22 Sep 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Visa Steel Limited was incorporated on 10 Sep 1996.

  • The authorized share capital of Visa Steel Limited is ₹ 252.00 Cr and paid-up capital is ₹ 115.79 Cr.

  • Currently 8 directors are associated with Visa Steel Limited.

    • Vishambhar Saran
    • Vishal Agarwal
    • Ritu Bajaj
    • Dhanesh Ranjan
    • Manoj Kumar
    • Biswajit Chongdar
    • Surinder Kumar Singhal
    • Amisha Chaturvedi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Visa Steel Limited is 11 Ekamra Kanan, Nayapalli India, Bhubaneswar, Orissa, 751015.

  • The corporate identification number (CIN) of Visa Steel Limited is L51109OR1996PLC004601 and the company number is 004601 as per Ministry of Corporate Affairs (MCA).

  • Yes, Visa Steel Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VISASTEEL.

  • The Official website of Visa Steel Limited is https://www.visasteel.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Visa Steel Limited has risen by 29.94%.

  • As Per 2022 financial reports, 335 employees are currently employed by Visa Steel Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Visa Steel Limited has experienced an downturn of -20.52%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Visa Steel Limited amount to ₹ 16,193.98 Cr.

  • The most recent Balance Sheet for Visa Steel Limited was filed with the ROC on 31 Mar 2024.

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