Visa Steel Profile
Key Indicators
- Authorised Capital ₹ 252.00 Cr
- Paid Up Capital ₹ 115.79 Cr
- Company Age 28 Year, 8 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, 8 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
- Social Media
Corporate Identity Details
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.
Visa Steel Limited
Explore comprehensive data for Visa Steel Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Visa Steel?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vishal Agarwal  | Managing Director | 10-Sep-1996 | Current |
| Surinder Singhal | CFO | 30-Jun-2020 | Current |
| Amisha Chaturvedi | Company Secretary | 10-Feb-2021 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dhanesh Ranjan | Director | 30-Sep-2018 | Current |
| Vishambhar Saran | Whole-Time Director | 10-Sep-1996 | Current |
| Ritu Bajaj | Director | 24-Aug-2023 | Current |
| Manoj Kumar | Whole-Time Director | 15-Sep-2015 | Current |
| Biswajit Chongdar | Director | 07-Aug-2023 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Kesoram Textile Mills LimitedRitu Bajaj is a mutual person
Indian Chamber Of Commerce CalcuttaVishal Agarwal is a mutual person
- Visa Coke Limited
Vishal Agarwal is a mutual person
- Visa Ferro Chrome Limited
Vishal Agarwal and Manoj Kumar are mutual person
- Kalinganagar Special Steel Private Limited
Manoj Kumar is a mutual person
Jayesh Logistics LimitedRitu Bajaj is a mutual person
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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Apr 2017 | Others | ₹30.00 Cr | Open |
| 31 Jul 2015 | Others | ₹15.00 Cr | Open |
| 27 Jul 2015 | Vijaya Bank | ₹9.50 Cr | Open |
| 29 Jun 2015 | Syndicate Bank | ₹15.00 Cr | Open |
| 31 Mar 2015 | Others | ₹282.57 Cr | Open |
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.
Deals i
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
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.
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.
- Balance Sheet
Visa Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
- 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.
- 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.
- 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.
- 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.
Recent News, Updates & Announcement
- PNB to Sell ₹1,000 Crore Worth of Bad Loans through E-Auction, Aims to Raise ₹10,000 Crore.
PNB is selling six bad loans worth over ₹1,000 crore to ARCs, NBFCs, and other banks. The reserve price is ₹342 crore. The sale will be handled by the bank's SASTRA division and bids will be submitted through e-auction. PNB is also trying to raise ₹10,000 crore through various means. In 2018-19, the bank's net loss was ₹9,570.11 crore and its gross NPAs were ₹78,472.70 crore..
- After Uttam Galva, UK’s Nithia Capital keen to bid for Visa Steel.
Recently, Bank of Baroda put its exposure of Rs 150 crore to the asset on the block as its insolvency resolution keeps getting delayed..
- Visa Steel: Outcome of board meeting.
Visa Steel has informed about outcome of board meeting held on February 10, 2017..
Frequently asked questions
What is the Incorporation or founding date of Visa Steel Limited?
Visa Steel Limited was incorporated on 10 Sep 1996.
What is authorized share capital and paid-up capital of Visa Steel Limited?
The authorized share capital of Visa Steel Limited is ₹ 252.00 Cr and paid-up capital is ₹ 115.79 Cr.
Who are the current board members & directors of Visa Steel Limited?
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
What is the registered address of Visa Steel Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Visa Steel Limited is 11 Ekamra Kanan, Nayapalli India, Bhubaneswar, Orissa, 751015.
What is the corporate identification number (CIN) and company number of Visa Steel Limited?
The corporate identification number (CIN) of Visa Steel Limited is L51109OR1996PLC004601 and the company number is 004601 as per Ministry of Corporate Affairs (MCA).
Is Visa Steel Limited registered with any stock exchange in India?
Yes, Visa Steel Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VISASTEEL.
What is the official website of Visa Steel Limited?
The Official website of Visa Steel Limited is https://www.visasteel.com
What has been the recent revenue trend for Visa Steel Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Visa Steel Limited has risen by 29.94%.
How many employees does Visa Steel Limited currently have?
As Per 2022 financial reports, 335 employees are currently employed by Visa Steel Limited.
What change has been observed in the net worth of Visa Steel Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Visa Steel Limited has experienced an downturn of -20.52%.
What are the total open charges for Visa Steel Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Visa Steel Limited amount to ₹ 16,193.98 Cr.
When was the last Balance Sheet of Visa Steel Limited filed with the ROC?
The most recent Balance Sheet for Visa Steel Limited was filed with the ROC on 31 Mar 2024.
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