About Essar Steel Limited
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Essar Steel Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essar Investment Holdings Mauritius Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27320MH2020PLC343449. Its GSTIN is 27AAGCE0114Q1ZK (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sashi Shekhar Mohanty and Ketan Shah Kantibhai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Essar House 11 K.K. Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2024, the company reported a revenue of ₹88.88 Lakh. For the same year it recorded a net loss of ₹3.11 Cr (net margin -350.3%) and EBITDA of -₹3.11 Cr (EBITDA margin -349.7%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
Court records list 444 cases involving the company, including 168 filed by the company and 276 filed against it; 50 cases are pending.
For more details, the company can be reached via its website essarservices.co.in.
Company details
Contact details
Essar Steel Limited's registered office is in Mumbai, Maharashtra. Its website is essarservices.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressEssar House 11 K.K. Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Essar Steel Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Essar Steel Limited
FY 2025 filings availableEssar Steel Limited reported revenue of ₹88.88 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 95% over three years. EBITDA rose 78% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹88.88 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.11 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.11 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -349.7% | |||
| Net Profit Margin | -350.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Essar Steel Limited, buy the company report.
Board of directors of Essar Steel Limited
Essar Steel has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sashi Shekhar Mohanty | Director | 07 Jan 2025 | 1 Years 9 Months | Current |
| Ketan Shah Kantibhai | Director | 29 Jun 2023 | 3 Years 3 Months | Current |
| Mukesh Jain Mohanlal Also directs: Ultra Green Gas Limited, Essar Exploration & Production India Limited, Essar Minerals Limited and 5 more | Director | 21 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Essar Steel Limited is audited by NKR & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NKR & Co. | FY 2024 | 127820W |
Shareholding
The shareholding of Essar Steel Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Essar Steel Limited, buy the company report.
Legal cases
Essar Steel Limited has 444 court cases on record: 168 filed by Essar Steel, 276 filed against it. 50 cases are pending and 394 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 257 | 165 | 2 |
| District courts | 170 | 106 | 48 |
| Supreme Court | 17 | 5 | 0 |
Cases on record (5 of 444)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by The New India Assurance Co.Ltd. and 5 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Global Adsorbents Pvt. Ltd. | Pending |
| District court, SURAT, Gujarat | Court case (CMA DC) | Filed against the company by Trident India Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by The New India Assurance Co.Ltd. and 5 others | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by United India Insurance Company Limited. | Disposed |
To see the full case history of Essar Steel Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Essar Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essar Steel Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Essar Steel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCE0114Q1ZK | Maharashtra | Active | 20 Oct 2020 |
To see the full GST registrations and return filing status of Essar Steel Limited, buy the company report.
Recent activity
Essar Steel Limited has 14 board changes on record since 2021: 3 appointments and 11 cessations. The latest: Sashi Shekhar Mohanty ceased to be Additional Director on 29 Sep 2025.
5 earlier events are in the company report.
Frequently asked questions
Essar Steel is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 August 2020 (6+ years old) and is registered under CIN U27320MH2020PLC343449.
Essar Steel has 3 current directors:
- Sashi Shekhar Mohanty - Director
- Ketan Shah Kantibhai - Director
- Mukesh Jain Mohanlal - Director
The latest financial statements of Essar Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Essar Steel is 27AAGCE0114Q1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Essar Steel is U27320MH2020PLC343449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essar Steel has 444 court cases on record: 168 filed by the company and 276 filed against it. 50 are pending. Most are in the high courts.
Essar Steel was incorporated on 07 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Sashi Shekhar Mohanty ceased to be Additional Director on 29 Sep 2025. Sashi Shekhar Mohanty was appointed as Director on 07 Jan 2025. Ketan Shah Kantibhai ceased to be Additional Director on 29 Sep 2023. Essar Steel has 14 board changes on record in total.
Essar Steel can be reached through the website essarservices.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Essar Steel is at Essar House 11 K.K. Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034.