About Vitrag Metal Private Limited
Data last updated:
Vitrag Metal Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28900MH2005PTC155584. Its GSTIN is 27AACCV1422A1ZZ (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Sanjay Shantilal Sanghvi and Yug Mukesh Sanghvi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹65.08 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.18 Cr (net margin 1.8%) and EBITDA of ₹1.58 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 513% over three years and 81% over five years.
Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website industrialmetal.co.in.
Company details
Contact details
Vitrag Metal Private Limited's registered office is in Mumbai, Maharashtra. Its website is industrialmetal.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address3rd Floor 315 Kanji Mansion, S. V. P Road Opp 5th Khetwadi, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Vitrag Metal Private 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
Business activity
The main business activity of Vitrag Metal is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vitrag Metal Private Limited, buy the company report.
Financials of Vitrag Metal Private Limited
FY 2025 filings availableVitrag Metal Private Limited reported revenue of ₹65.08 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 81%. EBITDA rose 14% 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 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.18 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 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 Vitrag Metal Private Limited, buy the company report.
Board of directors of Vitrag Metal Private Limited
Vitrag Metal has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yug Mukesh Sanghvi | Additional Director | 07 May 2024 | 2 Years 5 Months | Current |
| Sanjay Shantilal Sanghvi | Director | 24 Aug 2005 | 21 Years 2 Months | Current |
Auditor
Vitrag Metal Private Limited is audited by M C DOSHI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M C DOSHI & CO | FY 2022 | 102731W |
Shareholding
The shareholding of Vitrag Metal Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vitrag Metal Private Limited, buy the company report.
Legal cases
Vitrag Metal Private Limited has 5 court cases on record: 4 filed by Vitrag Metal, 1 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 3 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Karteek Ferromet Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Karteek Ferromet Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Karteek Ferromet Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
To see the full case history of Vitrag Metal Private 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 Vitrag Metal Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vitrag Metal has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV1422A1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vitrag Metal Private Limited, buy the company report.
Recent activity
Vitrag Metal Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Yug Mukesh Sanghvi was appointed as Additional Director on 07 May 2024.
Frequently asked questions
Vitrag Metal is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 24 August 2005 (21+ years old) and is registered under CIN U28900MH2005PTC155584.
Vitrag Metal has 2 current directors:
- Yug Mukesh Sanghvi - Additional Director
- Sanjay Shantilal Sanghvi - Director
The latest financial statements of Vitrag Metal 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 2015 are in the company report.
The GSTIN of Vitrag Metal is 27AACCV1422A1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vitrag Metal is U28900MH2005PTC155584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vitrag Metal has 5 court cases on record: 4 filed by the company and 1 filed against it. 3 are pending.
Vitrag Metal was incorporated on 24 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Yug Mukesh Sanghvi was appointed as Additional Director on 07 May 2024. Shantilal Mishrimal Sanghvi ceased to be Additional Director on 30 Sep 2019. Dinesh Shantilal Sanghvi ceased to be Director on 29 Mar 2019. Vitrag Metal has 6 board changes on record in total.
Vitrag Metal can be reached through the website industrialmetal.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vitrag Metal is at 3rd Floor 315 Kanji Mansion, S. V. P Road Opp 5th Khetwadi, Mumbai, Maharashtra, India – 400004.