About Aakaf Steel Private Limited
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Aakaf Steel Private Limited is a private limited company based in Navrangpura, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 14 June 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ2000PTC038207. Its GSTIN is 24AADCA0419K1Z1 (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.29 Cr. It was formerly known as Aakaf Steel Limited. It is led by directors including Afzal Yusufbhai Nagani and Mohamad Siraj Abdul Rajak Nagani.
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 B/105 Nirman Complex Opp. Havmore Restaurant, Navrangpura, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.98 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹69.49 Lakh (net margin 0.8%) and EBITDA of ₹2.13 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 3% over five years.
The company is associated with 1 brand: Aakaf Steel. As per MCA filings, the company has open charges of ₹23 Cr and satisfied charges of ₹10.5 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is 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 aakafsteel.com.
Company details
CIN history
Aakaf Steel has one previous CIN (Corporate Identification Number): U27100GJ2000PLC038207. The current CIN is U27100GJ2000PTC038207, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ2000PTC038207 | Current |
| U27100GJ2000PLC038207 | Previous |
Contact details
Aakaf Steel Private Limited's registered office is in Navrangpura, Gujarat. Its website is aakafsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/105 Nirman Complex Opp. Havmore Restaurant, Navrangpura, Gujarat, India – 380009
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Aakaf Steel 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
Brands
Aakaf Steel operates one associated brand: Aakaf Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Trading and supplying of iron and steel products in India. | aakafsteel.com |
Business activity
The main business activity of Aakaf Steel 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 Aakaf Steel Private Limited, buy the company report.
Financials of Aakaf Steel Private Limited
FY 2025 filings availableAakaf Steel Private Limited reported revenue of ₹88.98 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 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 |
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| Total Expenses | |||||
| EBITDA | ₹2.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.49 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Aakaf Steel Private Limited, buy the company report.
Board of directors of Aakaf Steel Private Limited
Aakaf Steel has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Afzal Yusufbhai Nagani Also directs: Myco Infra Private Limited | Director | 01 Oct 2005 | 21 Years 1 Months | Current |
| Mohamad Siraj Abdul Rajak Nagani | Director | 14 Jun 2000 | 26 Years 4 Months | Current |
| Abdulgafar Hushenbhai Nagani | Director | 01 Oct 2005 | 21 Years 1 Months | Current |
| Abdulkadir Hajihusainbhai Memon | Director | 14 Jun 2000 | 26 Years 4 Months | Current |
Peer comparison
Aakaf Steel Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Steel), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shubh Laxmi Iron & Steel Private Limited | ₹89.07 Cr (FY 2025) | 18.0% | Kolkata, West Bengal, India | |||
| Swastinox Stainless B'lore Private Limited | ₹89.01 Cr (FY 2024) | 4.0% | Bangalore, Karnataka, India | |||
| Honest Enterprise Private Limited | ₹89 Cr (FY 2025) | -31.0% | Vadodara, Gujarat, India | |||
| Aakaf Steel Private Limitedthis company | ₹88.98 Cr (FY 2025) | ₹69.49 Lakh | 0.8% | -12.0% | Navrangpura, Gujarat, India | |
| Shree Arihant Multimetals Private Limited | ₹88.87 Cr (FY 2024) | 87.0% | Gandhidham, Gujarat, India |
To see the full peer comparison of Aakaf Steel Private Limited, buy the company report.
Auditor
Aakaf Steel Private Limited is audited by Lakhani Ismaili Tundiya & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lakhani Ismaili Tundiya & Co. | FY 2023 | 119573W |
Shareholding
The shareholding of Aakaf Steel Private 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 Aakaf Steel Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2010 | 10227839 | Others | ₹23 Cr | Open | |
| 12 Mar 2010 | 10211246 | Union Bank of India | ₹3.5 Cr | Satisfied | |
| 20 Mar 2006 | 80025198 | Union Bank of Inida | ₹7 Cr | Satisfied | |
| 01 Aug 2005 | 80000933 | Hdfc Bank Ltd | ₹- | Satisfied |
To see the full charge records of Aakaf Steel Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Aakaf Steel Private Limited has 6 court cases on record: 3 filed by Aakaf Steel, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 3 | 3 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed against the company by Jeckson Machinery Pvt. Ltd. and 2 others | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax-1, Ahmedabad | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax-1, Ahmedabad | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Jekson Machinary Pvt Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Jekson Machinary Pvt Ltd and 2 others | Disposed |
To see the full case history of Aakaf Steel 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.
Credit ratings & regulatory alerts
Aakaf Steel Private Limited was last rated by Care on 16 Nov 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Nov 2018 |
To see the full credit ratings and regulatory alerts of Aakaf Steel Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakaf Steel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aakaf Steel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCA0419K1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aakaf Steel Private Limited, buy the company report.
Recent activity
Aakaf Steel Private Limited has 9 board changes on record since 2000: 4 appointments and 5 cessations. The latest: Abdulgafar Hushenbhai Nagani ceased to be Director on 10 Apr 2007.
9 earlier events are in the company report.
Frequently asked questions
Aakaf Steel is an active private limited company based in Navrangpura, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 14 June 2000 (26+ years old) and is registered under CIN U27100GJ2000PTC038207.
Aakaf Steel has 4 current directors:
- Afzal Yusufbhai Nagani - Director
- Mohamad Siraj Abdul Rajak Nagani - Director
- Abdulgafar Hushenbhai Nagani - Director
- Abdulkadir Hajihusainbhai Memon - Director
The latest financial statements of Aakaf 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 2015 are in the company report.
The GSTIN of Aakaf Steel is 24AADCA0419K1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Aakaf Steel is U27100GJ2000PTC038207. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aakaf Steel has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Aakaf Steel was incorporated on 14 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Aakaf Steel by revenue are Shubh Laxmi Iron & Steel Private Limited, Swastinox Stainless B'lore Private Limited, Honest Enterprise Private Limited, Shree Arihant Multimetals Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution, Steel), with the same principal business activity (wholesale trading).
Abdulgafar Hushenbhai Nagani ceased to be Director on 10 Apr 2007. Abdulkadir Hajihusainbhai Memon ceased to be Director on 10 Apr 2007. Afzal Yusufbhai Nagani ceased to be Director on 10 Apr 2007. Aakaf Steel has 9 board changes on record in total.
Aakaf Steel can be reached through the website aakafsteel.com. Its registered office is in Navrangpura, Gujarat, India.
The registered office of Aakaf Steel is at B105 Nirman Complex Opp. Havmore Restaurant, Navrangpura, Gujarat, India – 380009.
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