About Action Ispat and Power Private Limited
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Action Ispat and Power Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 July 2004.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL2004PTC127305. Its GSTIN is 07AAECA9671L3Z4 (Delhi). The company held 7 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹264 Cr. It was led by directors including Ashutosh Mohanty and Nitin Dattani.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at D – 45 Defence Colony, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.74 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net loss of ₹1,404.71 Cr and EBITDA of -₹565.44 Cr. Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 21% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹1,876.63 Cr and satisfied charges of ₹4,378.32 Cr on record. Court records list 86 cases involving the company, including 15 filed by the company and 71 filed against it; 30 cases are pending. The company has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2,952.13 Cr; the latest was in January 2024.
The last known website on record is actionispat.com.
Company details
Contact details
Action Ispat and Power Private Limited's registered office is in New Delhi, Delhi. Its website is actionispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 45 Defence Colony, New Delhi, Delhi, India – 110024
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Action Ispat and Power 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 Action Ispat and Power is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
Financials of Action Ispat and Power Private Limited
FY 2024 filings availableAction Ispat and Power Private Limited reported revenue of ₹1.74 Cr (up 96% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 96% growth 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 | -₹565.44 Cr | ||||
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| Net Profit (PAT) | -₹1,404.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Action Ispat and Power Private Limited, buy the company report.
Board of directors of Action Ispat and Power Private Limited
Action Ispat and Power has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Mohanty | Director | 18 Jan 2024 | 2 Years 9 Months | As last reported |
| Nitin Dattani | Director | 18 Jan 2024 | 2 Years 9 Months | As last reported |
| Pranaya Kumar Deo | Director | 18 Jan 2024 | 2 Years 9 Months | As last reported |
Auditor
Action Ispat and Power Private Limited is audited by SANDEEP ATTRI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEP ATTRI & ASSOCIATES | FY 2016 | 023076N |
Shareholding
The shareholding of Action Ispat and Power Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Action Ispat and Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2016 | 10624154 | Others | ₹6 Cr | Satisfied | |
| 30 Sep 2015 | 10620028 | Punjab National Bank | ₹5 Cr | Satisfied | |
| 16 Jun 2015 | 10579426 | State Bank of India | ₹1,248.86 Cr | Satisfied | |
| 08 Dec 2014 | 10545811 | State Bank of Bikaner and Jaipur | ₹166.21 Cr | Satisfied | |
| 01 Oct 2014 | 10546536 | State Bank of India | ₹299.81 Cr | Satisfied |
To see the full charge records of Action Ispat and Power Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Action Ispat and Power Private Limited has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2,952.13 Cr; the latest was in January 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Funding round | ₹264 Cr | Investors: Ocean Capital Market Ltd. , an individual |
| Mar 2015 | Funding round | ₹13.12 Cr | Investors: M. G. Finvest Private Limited , Micro Stock Holding Private Limited |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Micro Stock Holding Private Limited Seller: Action Udhyog Private Limited |
| Jan 2007 | Funding round | ₹23.5 Cr | Investors: Nikhil Footwears Private Limited , 3 individuals |
To see the full deal history of Action Ispat and Power Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Action Ispat and Power Private Limited has 86 court cases on record: 15 filed by Action Ispat and Power, 71 filed against it. 30 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 46 | 25 |
| NCLAT | 16 | 16 | 0 |
| High courts | 14 | 3 | 5 |
| Supreme Court | 6 | 2 | 0 |
| NCLT | 4 | 4 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Desein Pvt Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Prakash Chemtex (India) Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Gagandeep Services Private Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Saraf Credit and Portfolio Private Limited | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed against the company by Gagandeep Services Private Limited | Disposed |
To see the full case history of Action Ispat and Power 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 Action Ispat and Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Action Ispat and Power has 7 GST registrations: 2 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECA9671L3Z4 | Delhi | Active | 11 Nov 2022 |
| 21AAECA9671L2ZF | Odisha | Active | 25 Jan 2024 |
To see the full GST registrations and return filing status of Action Ispat and Power Private Limited, buy the company report.
Recent activity
Action Ispat and Power Private Limited has 40 board changes on record since 2004: 21 appointments and 19 cessations. The latest: Dipti Ranjan Patnaik ceased to be Additional Director on 01 Oct 2024.
92 earlier events are in the company report.
Frequently asked questions
Action Ispat and Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Action Ispat and Power was a private limited company based in New Delhi, Delhi, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 July 2004 and is registered under CIN U27109DL2004PTC127305. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Action Ispat and Power was incorporated on 01 July 2004. It is registered with the Registrar of Companies, Delhi.
Action Ispat and Power had 3 directors:
- Ashutosh Mohanty - Director
- Nitin Dattani - Director
- Pranaya Kumar Deo - Director
The CIN (Corporate Identification Number) of Action Ispat and Power is U27109DL2004PTC127305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Action Ispat and Power is at D – 45 Defence Colony, New Delhi, Delhi, India – 110024.
Action Ispat and Power can be reached through the website actionispat.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Action Ispat and Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Action Ispat and Power is 07AAECA9671L3Z4, registered in Delhi. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 21AAECA9671L2ZF (Odisha).
Action Ispat and Power operated in the metals and minerals industry, in the steel manufacturing and processing segment.