Vijayanagar Steel Limited
About Vijayanagar Steel Limited
Data last updated:
Vijayanagar Steel Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 December 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27101KA1982SGC005078. Its GSTIN is 29AAACV4544K1ZZ (Karnataka).
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹12.91 Cr. It is led by directors including Mahesh Basavarajaiah (Managing Director) and Gunjan Kinnu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Blue Cross Chambers 11 Infantry Road Cross, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.83 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹4.61 Lakh (net margin -36%) and EBITDA of ₹5.05 Lakh (EBITDA margin 39.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 13% over five years.
Court records list 14 cases involving the company, including 3 filed by the company and 11 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Vijayanagar Steel has one previous CIN (Corporate Identification Number): U27101KA1982PLC005078. The current CIN is U27101KA1982SGC005078, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101KA1982SGC005078 | Current |
| U27101KA1982PLC005078 | Previous |
Contact details
Vijayanagar Steel Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlue Cross Chambers 11 Infantry Road Cross, Bangalore, Karnataka, India – 560001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Vijayanagar 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 Vijayanagar Steel Limited
FY 2024 filings availableVijayanagar Steel Limited reported revenue of ₹12.83 Lakh (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 7% fall in the latest year. EBITDA rose 27% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.61 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39.4% | ||||
| Net Profit Margin | -36% | ||||
| 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 Vijayanagar Steel Limited, buy the company report.
Board of directors of Vijayanagar Steel Limited
Vijayanagar Steel has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Kinnu Also directs: Food Karnataka Limited, Mysore Sugar Company Limited, The Mysore Lamp Works Limited and 5 more | Director | 03 Sep 2018 | 8 Years 2 Months | Current |
| Mahesh Basavarajaiah Also directs: Karnataka Trade Promotion Organisation | Managing Director | 30 Nov 2018 | 7 Years 11 Months | Current |
| Jagadeesh Kadalamage Marulappa | Nominee Director | 01 Jul 2025 | 1 Years 4 Months | Current |
Peer comparison
Vijayanagar Steel Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mr Ispat & Power Private Limited | ₹13.05 Lakh (FY 2024) | -34.0% | Raigarh, Chhattisgarh, India | |||
| Steel Castings Pvt Ltd | ₹12.97 Lakh (FY 2020) | -45.0% | Howrah, West Bengal, India | |||
| Dolly Weigh Bridge Private Limited | ₹12.95 Lakh (FY 2025) | -45.0% | Nagpur, Maharashtra, India | |||
| Rajasthan Steel Rolling Mills Private Limited | ₹12.9 Lakh (FY 2025) | 0.0% | Jaipur, Rajasthan, India | |||
| GSK Iron & Steel Private Limited | ₹12.89 Lakh (FY 2025) | 110.0% | Howrah, West Bengal, India | |||
| Vijayanagar Steel Limitedthis company | ₹12.83 Lakh (FY 2025) | -₹4.61 Lakh | -36% | -7.0% | Bangalore, Karnataka, India | |
| Kalyani Ispat Limited | ₹12.8 Lakh (FY 2025) | Kolkata, West Bengal, India | ||||
| Radiantrose Albums Limited | ₹12.75 Lakh (FY 2025) | -62.0% | Ludhiana, Punjab, India | |||
| K T Manojkumar Metals Private Limited | ₹12.72 Lakh (FY 2024) | Chittur, Kerala, India | ||||
| Paramount Steel Structures Private Limited | ₹12.68 Lakh (FY 2025) | -97.0% | Hyderabad, Telangana, India | |||
| SPK Educational Institutions India Private Limited | ₹12.67 Lakh (FY 2025) | -14.0% | Tiruchengode, Tamil Nadu, India |
To see the full peer comparison of Vijayanagar Steel Limited, buy the company report.
Auditor
Vijayanagar Steel Limited is audited by DPRH & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DPRH & ASSOCIATES | FY 2022 | 021539S |
Shareholding
The shareholding of Vijayanagar Steel Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vijayanagar Steel Limited, buy the company report.
Legal cases
Vijayanagar Steel Limited has 14 court cases on record: 3 filed by Vijayanagar Steel, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 10 | 0 |
| District courts | 4 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Oriental Insurance Company Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court of Karnataka | Appeal | Filed against the company | Disposed |
| High Court of Karnataka | Court case (CCC) | Filed against the company | Disposed |
| High Court of Karnataka | Court case (RP) | Filed against the company | Disposed |
To see the full case history of Vijayanagar 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 Vijayanagar Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vijayanagar Steel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV4544K1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vijayanagar Steel Limited, buy the company report.
Recent activity
Vijayanagar Steel Limited has 24 board changes on record since 2008: 4 appointments and 20 cessations. The latest: Jagadeesh Kadalamage Marulappa was appointed as Nominee Director on 01 Jul 2025.
15 earlier events are in the company report.
Frequently asked questions
Vijayanagar Steel is an active public limited state government company based in Bangalore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 December 1982 (44+ years old) and is registered under CIN U27101KA1982SGC005078.
Vijayanagar Steel has 3 current directors:
- Mahesh Basavarajaiah - Managing Director
- Gunjan Kinnu - Director
- Jagadeesh Kadalamage Marulappa - Nominee Director
The latest financial statements of Vijayanagar Steel on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vijayanagar Steel is 29AAACV4544K1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Vijayanagar Steel is U27101KA1982SGC005078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vijayanagar Steel has 14 court cases on record: 3 filed by the company and 11 filed against it. Most are in the high courts.
Vijayanagar Steel was incorporated on 18 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vijayanagar Steel by revenue are Mr Ispat & Power Private Limited, Steel Castings Pvt Ltd, Dolly Weigh Bridge Private Limited, Rajasthan Steel Rolling Mills Private Limited, GSK Iron & Steel Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Jagadeesh Kadalamage Marulappa was appointed as Nominee Director on 01 Jul 2025. Swaroopa Tumkur Karnick ceased to be Additional Director on 01 Jul 2025. Mahesh Basavarajaiah ceased to be Managing Director on 18 Jan 2019. Vijayanagar Steel has 24 board changes on record in total.
The registered office of Vijayanagar Steel is at Blue Cross Chambers 11 Infantry Road Cross, Bangalore, Karnataka, India – 560001.
Vijayanagar Steel operates in the metals and minerals industry, in the steel manufacturing and processing segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
