Vision Sponge Iron Private Limited

Manufactures sponge iron, M.S. billets, ferroalloys/pig iron, and has captive power plant.

2002 | Kolkata, West Bengal (India) | Active
Last Updated: July 04, 2024

Vision Sponge Iron Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 6.51 Cr
  • Company Age 22 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 166.00 Cr
  • Satisfied Charges ₹ 406.69 Cr
  • Revenue Growth 12.96%
  • Profit Growth 43.95%
  • Ebitda 23.29%
  • Net Worth 27.37%
  • Total Assets 28.18%

About Vision Sponge Iron

Vision Sponge Iron Private Limited (VSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 March 2002 and has a history of 22 years and 11 months. Its registered office is in Kolkata, West Bengal, 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 7.00 Cr and a paid-up capital of Rs 6.51 Cr.

The company currently has active open charges totaling ₹166.00 Cr. The company has closed loans amounting to ₹406.69 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sandeep Jhunjhunwala, Siddhartha Jhunjhunwala, Shikha Jhunjhunwala, and One other member serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    visionsponge.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U94315WB2002PTC094315

  • Company No.

    094315

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Mar 2002

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

Who are the key members and board of directors at Vision Sponge Iron?

Board Members (4)

NameDesignationAppointment DateStatus
Sandeep Jhunjhunwala Country flag representing In Director Current
Siddhartha Jhunjhunwala Country flag representing In Director 02-May-2008Current
Shikha Jhunjhunwala Country flag representing In Director 30-Apr-2024Current
Dhruv Jhunjhunwala Director 27-Apr-2024Current

Financial Performance of Vision Sponge Iron.

Vision Sponge Iron Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.96% increase. The company also saw a substantial improvement in profitability, with a 43.95% increase in profit. The company's net worth Soared by an impressive increase of 27.37%.

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
12.96%
Revenue from Operations
10.32%
Total Assets
28.18%
Profit or Loss
43.95%
Net Worth
27.37%
EBITDA
23.29%

What is the Ownership and Shareholding Structure of Vision Sponge Iron?

In 2023, Vision Sponge Iron had a promoter holding of 99.97% and a public holding of 0.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹166.00 Cr

Satisfied Charges

₹406.69 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 166.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Jul 2010State Bank Of India₹166.00 CrOpen
28 Aug 2013State Bank Of Hyderabad₹6.50 CrSatisfied
08 Aug 2013State Bank Of Travancore₹15.00 CrSatisfied
01 Mar 2012Bank Of Baroda₹8.00 CrSatisfied
29 Feb 2012Indian Overseas Bank₹5.00 CrSatisfied

How Many Employees Work at Vision Sponge Iron?

Vision Sponge Iron has a workforce of 361 employees as of Apr 02, 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 Vision Sponge Iron, 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 Vision Sponge Iron'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 Vision Sponge Iron

Recent activity within the organization

  • Director Appointment

    Shikha Jhunjhunwala was appointed as a Director was appointed as a Director on 30 Apr 2024 & has been associated with this company since 9 months 24 days .

    30 Apr 2024

  • Director Appointment

    Dhruv Jhunjhunwala was appointed as a Director was appointed as a Director on 27 Apr 2024 & has been associated with this company since 9 months 27 days .

    27 Apr 2024

  • Annual General Meeting

    Vision Sponge Iron Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Vision Sponge Iron Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

    A charge registered on 31 Mar 2003 via Charge ID 90248367 with West Bengal Finance Co. was fully satisfied on 09 Jul 2018.

    09 Jul 2018

  • Charges

    A charge registered on 30 Mar 2003 via Charge ID 90248364 with West Bengal Financial Co. was fully satisfied on 09 Jul 2018.

    09 Jul 2018

Frequently asked questions

  • Vision Sponge Iron Private Limited was incorporated on 01 Mar 2002.

  • The authorized share capital of Vision Sponge Iron Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 6.51 Cr.

  • Currently 4 directors are associated with Vision Sponge Iron Private Limited.

    • Sandeep Jhunjhunwala
    • Siddhartha Jhunjhunwala
    • Shikha Jhunjhunwala
    • Dhruv Jhunjhunwala
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vision Sponge Iron Private Limited is 227 A J C Bose Road 3Rdfloor 5E Block, Kolkata, West Bengal, India, 700020.

  • The corporate identification number (CIN) of Vision Sponge Iron Private Limited is U94315WB2002PTC094315 and the company number is 094315 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vision Sponge Iron Private Limited is https://www.visionsponge.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Vision Sponge Iron Private Limited has risen by 12.96%.

  • As Per 2023 financial reports, 361 employees are currently employed by Vision Sponge Iron Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Vision Sponge Iron Private Limited has experienced an upsurge of 27.37%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Vision Sponge Iron Private Limited amount to ₹ 166.00 Cr.

  • The most recent Balance Sheet for Vision Sponge Iron Private Limited was filed with the ROC on 31 Mar 2023.

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