Abhirama Steels Limited
About Abhirama Steels Limited
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Abhirama Steels Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U27107TG2008PLC059409. Its GSTIN is 36AAHCA0607K1ZU (Telangana). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.5 Cr. It was formerly known as Abhirama Steels Private Limited and Abhirama Steel and Power Private Limited. It is led by directors including Navya Reddy Miryala and Prabhakar Reddy Motakatla.
Its last annual general meeting (AGM) was held on 05 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sy. No. 272/1 Chityal Village Pargi Mandal Vikarabad Dist., Hyderabad, Telangana, India – 501501.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.43 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹2.43 Cr (net margin -396.1%) and EBITDA of -₹1.7 Cr (EBITDA margin -276.6%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years and 67% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹42.07 Cr on record. Court records list 30 cases involving the company, including 13 filed by the company and 19 filed against it; 3 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹17.9 Cr; the latest was in March 2015.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Abhirama Steels has undergone 3 name changes throughout its history. The company was previously known as Abhirama Steels Private Limited, Abhirama Steel And Power Private Limited, and Abhirama Industries Limited. The current legal name is Abhirama Steels Limited.
| Company Name | Status |
|---|---|
| Abhirama Steels Limited | Current |
| Abhirama Steels Private Limited | Previous |
| Abhirama Steel And Power Private Limited | Previous |
| Abhirama Industries Limited | Previous |
CIN history
Abhirama Steels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27107TG2008PLC059409, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27107TG2008PLC059409 | Current |
| U27107AP2008PLC059409 | Previous |
| U27107AP2008PTC059409 | Previous |
Contact details
Abhirama Steels Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSy. No. 272/1 Chityal Village Pargi Mandal Vikarabad Dist., Hyderabad, Telangana, India – 501501
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Abhirama Steels 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 Abhirama Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Abhirama Steels Limited, buy the company report.
Financials of Abhirama Steels Limited
FY 2024 filings availableAbhirama Steels Limited reported revenue of ₹61.43 Lakh (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 67%. EBITDA fell 100% 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 |
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| EBITDA | -₹1.7 Cr | ||||
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| Net Profit (PAT) | -₹2.43 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -276.6% | ||||
| Net Profit Margin | -396.1% | ||||
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To see the full financial statements and ratios of Abhirama Steels Limited, buy the company report.
Board of directors of Abhirama Steels Limited
Abhirama Steels has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navya Reddy Miryala | Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Prabhakar Reddy Motakatla Also directs: Dwaraka Steel and Cement Private Limited | Additional Director | 10 Oct 2024 | 2 Years 0 Months | Current |
| Ravindar Reddy Miryala | Additional Director | 10 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Abhirama Steels Limited is audited by PMPK and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PMPK and Associates | FY 2023 | 018177s |
Shareholding
The shareholding of Abhirama Steels 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Abhirama Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2016 | 100031111 | Indian Bank | ₹2 Cr | Satisfied | |
| 23 Nov 2015 | 10604377 | Indian Bank | ₹1.5 Cr | Satisfied | |
| 12 Dec 2012 | 10395841 | Indian Bank | ₹2 Cr | Satisfied | |
| 24 Sep 2011 | 10311085 | Indian Bank | ₹2.07 Cr | Satisfied | |
| 04 Nov 2010 | 10252331 | Indian Bank | ₹25 Cr | Satisfied |
To see the full charge records of Abhirama Steels Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Abhirama Steels Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹17.9 Cr; the latest was in March 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: I.C.S.A. (India) Limited |
| Mar 2012 | Funding round | ₹13.84 Cr | Investors: Luminous Venture Private Limited , I.C.S.A. (India) Limited , Abhirama Hotels and Resorts Private Limited |
| Mar 2010 | Funding round | ₹4.06 Cr | Investors: Abhirama Hotels and Resorts Private Limited , Skylar Chemicals Private Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Abhirama Steels Limited has 30 court cases on record: 13 filed by Abhirama Steels, 19 filed against it. 3 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 15 | 1 |
| High courts | 6 | 2 | 1 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by M/S. Binjusaria Ispat Pvt Ltd Rep by Ashok Singh | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Palaparty Abhishek Suspended Director of M/S Abhirama Steels Ltd. Regd. Office at 102, Sahiti Arcade, Beside Police Station S.R. Nagar ,Hyderabad , Telangana | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Binjusaria Ispat Pvt. Ltd. Represented by Its Director Sri Sumeeth Kedia Sy. No. 133/A Teegapur Village, Kothur Ida Mahaboob Nagar ,Mahbubnagar , Telangana and 1 other | Pending |
| High Court, TELANGANA | Revision petition | Filed by the company against Binjusaria Ispat Pvt. Ltd | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed against the company by M/S. Religare Finvest Limited | Disposed |
To see the full case history of Abhirama Steels 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 Abhirama Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Abhirama Steels Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Abhirama Steels has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCA0607K1ZU | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abhirama Steels Limited, buy the company report.
Recent activity
Abhirama Steels Limited has 15 board changes on record since 2013: 3 appointments and 12 cessations. The latest: Navya Reddy Miryala was appointed as Director on 10 Oct 2024.
21 earlier events are in the company report.
Frequently asked questions
Abhirama Steels is an active public limited company based in Hyderabad, Telangana, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 May 2008 (18+ years old) and is registered under CIN U27107TG2008PLC059409.
Abhirama Steels has 3 current directors:
- Navya Reddy Miryala - Director
- Prabhakar Reddy Motakatla - Additional Director
- Ravindar Reddy Miryala - Additional Director
The latest financial statements of Abhirama Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Abhirama Steels is 36AAHCA0607K1ZU, registered in Telangana. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Abhirama Steels is U27107TG2008PLC059409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abhirama Steels has 30 court cases on record: 13 filed by the company and 19 filed against it. 3 are pending. Most are in the district courts.
Abhirama Steels was incorporated on 29 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Hyderabad.
Abhirama Steels has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹17.9 Cr; the latest was in March 2015.
Navya Reddy Miryala was appointed as Director on 10 Oct 2024. Prabhakar Reddy Motakatla was appointed as Additional Director on 10 Oct 2024. Ravindar Reddy Miryala was appointed as Additional Director on 10 Oct 2024. Abhirama Steels has 15 board changes on record in total.
The registered office of Abhirama Steels is at Sy. No. 2721 Chityal Village Pargi Mandal Vikarabad Dist., Hyderabad, Telangana, India – 501501.
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