MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0048424
Adarsh Stainless Private Limited - metals and minerals in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹163.16 Cr
▼ 18% YoY
Net profit · FY 2023
₹1.6 Cr
Net margin 1%
EBITDA · FY 2023
₹2.25 Cr
EBITDA margin 1.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹7.02 Cr
Issued & subscribed
Open charges
₹37.14 Cr
Satisfied ₹36.84 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
18
Provident fund records
About Adarsh Stainless Private Limited
Data last updated:
Adarsh Stainless Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 26 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27100PN2008PTC131683. Its GSTIN is 27AAGCA9112L1ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.02 Cr. It is led by directors including Bhavya Jabarmal Jain and Lalit Parasmalji Mehta.
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 21 – 23 Mangal Arcade 2nd Flr Telco Road Chinchwad, Pune, Maharashtra, India – 411019.
As per the financials filed for FY 2023, the company reported a revenue of ₹163.16 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.6 Cr (net margin 1%) and EBITDA of ₹2.25 Cr (EBITDA margin 1.4%).
The company has about 18 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹37.14 Cr and satisfied charges of ₹36.84 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending.
Adarsh Stainless Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0048424). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adarshstainless.in.
Company Details of Adarsh Stainless Private Limited
CIN U27100PN2008PTC131683
Registration Number 131683
Incorporation Date 26 March 2008
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0048424
Key People
Bhavya Jabarmal Jain Director Himanshu Kanungo Additional Director Diveshkumar Jain Additional Director Recognitions & Rankings of Adarsh Stainless
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address21 – 23 Mangal Arcade 2nd Flr Telco Road Chinchwad, Pune, Maharashtra, India – 411019
- IndustryMetals and Minerals, Metal Retail & Distribution
Comprehensive company report
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Financials of Adarsh Stainless Private Limited FY 2025 filings available
Adarsh Stainless Private Limited reported revenue of ₹163.16 Cr (down 18% YoY) for FY 2023.
Revenue · FY 2023
₹163.16 Cr ▼ 18%
Net profit · FY 2023
₹1.6 Cr margin 1%
EBITDA · FY 2023
₹2.25 Cr margin 1.4%
Compounded Annual Growth Rate (CAGR) of Adarsh Stainless Private Limited
Revenue CAGR growth
1 year
▼ 18%
EBITDA CAGR growth
1 year
▲ 5%
Revenue fell 18% in the latest year. EBITDA rose 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Adarsh Stainless Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹163.16 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.25 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.6 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 of Adarsh Stainless Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adarsh Stainless are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Adarsh Stainless Private Limited
Adarsh Stainless has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavya Jabarmal Jain | Director | 26 Jul 2022 | 4 Years 2 Months | Current |
| Himanshu Kanungo Also directs: Alloyed Sustainables LLP | Additional Director | 06 Jul 2023 | 3 Years 3 Months | Current |
| Diveshkumar Jain | Additional Director | 17 Feb 2023 | 3 Years 8 Months | Current |
| Lalit Parasmalji Mehta Also directs: Ariya Heights LLP, Subhlaxmi Steel and Alloys Private Limited, Subhlaxmi Special Steel Private Limited and 3 more | Director | 26 Mar 2008 | 18 Years 6 Months | Current |
| Praveen Kumar Singh Also directs: Nirvana Openaccess Solutions Private Limited | Additional Director | 10 Feb 2026 | 0 Years 8 Months | Current |
Auditor Details of Adarsh Stainless Private Limited
Adarsh Stainless Private Limited is audited by P BORA AND JAIN for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P BORA AND JAIN | Locked | Locked | Locked |
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Ownership and Shareholding of Adarsh Stainless Private Limited
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Charges & Borrowings of Adarsh Stainless Private Limited
Open charges
₹37.14 Cr
Satisfied charges
₹36.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2025 | Standard Chartered Bank | ₹16.9 Cr | Open |
| 07 Nov 2023 | Others | ₹20 Cr | Open |
| 19 Jun 2021 | Hdfc Bank Limited | ₹23.96 Lakh | Open |
| 13 Aug 2015 | Yes Bank Limited | ₹2.5 Cr | Satisfied |
| 20 Mar 2015 | Axis Bank Limited | ₹23 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Adarsh Stainless Private Limited
Adarsh Stainless Private Limited has 6 court cases on record: 4 filed by Adarsh Stainless, 2 filed against it. 1 case is pending and 5 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Shubham Enterprises | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Global Steel Company and Anr. --- Respondents | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Global Steel Company | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Govt.Of India----Roc | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Facor Steel Ltd | Disposed |
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Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Adarsh Stainless Private Limited
Adarsh Stainless Private Limited has a workforce of 18 employees as of Mar 29, 2024.
Employee count
18
Active EPFO establishments
1
Employee growth
12.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Adarsh Stainless Private Limited
Adarsh Stainless has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Subhlaxmi Casting Private Limited | U28990MH2021PTC359918 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Adarsh Stainless Private Limited
Adarsh Stainless Private Limited has 8 board changes on record since 2008: 5 appointments and 3 cessations. The latest: Praveen Kumar Singh was appointed as Additional Director on 10 Feb 2026.
Appointed
Praveen Kumar Singh was appointed as Additional Director.
Charges
A charge with Standard Chartered Bank of Rs. 16.90 Cr registered on 11 Nov 2025 with Charge ID 101195240 was modified on 12 Nov 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 16.90 Cr with Charge ID 101195240 was registered on 11 Nov 2025.
AGM
Adarsh Stainless Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 20 Mar 2015 via Charge ID 10601644 with Axis Bank Limited was fully satisfied on 24 Sep 2025.
Filing
Adarsh Stainless Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others of Rs. 20.00 Cr registered on 07 Nov 2023 with Charge ID 100816661 was modified on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100816661 was registered on 07 Nov 2023.
Appointed
Himanshu Kanungo was appointed as Additional Director.
Appointed
Diveshkumar Jain was appointed as Additional Director.
Ceased
Bhavya Jabarmal Jain ceased to be Additional Director.
Appointed
Bhavya Jabarmal Jain was appointed as Director.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Adarsh Stainless Private Limited
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MSME Payment Delays by Adarsh Stainless Private Limited
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Subsidiaries & Group Companies of Adarsh Stainless Private Limited
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GST Compliance of Adarsh Stainless Private Limited
Adarsh Stainless has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA9112L1ZI | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Adarsh Stainless Private Limited
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Frequently Asked Questions about Adarsh Stainless Private Limited
Adarsh Stainless is an active private limited company based in Pune, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 26 March 2008 (18+ years old) and is registered under CIN U27100PN2008PTC131683.
Adarsh Stainless reported revenue of ₹163.16 Cr for FY 2023 (down 18% YoY).
Adarsh Stainless has 5 current directors:
- Bhavya Jabarmal Jain - Director
- Himanshu Kanungo - Additional Director
- Diveshkumar Jain - Additional Director
- Lalit Parasmalji Mehta - Director
- Praveen Kumar Singh - Additional Director
Adarsh Stainless reported a net profit of ₹1.6 Cr (net margin 1%) and EBITDA of ₹2.25 Cr (EBITDA margin 1.4%) for FY 2023, as per its filed financial statements.
The GSTIN of Adarsh Stainless is 27AAGCA9112L1ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Adarsh Stainless is U27100PN2008PTC131683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Stainless has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending.
Adarsh Stainless was incorporated on 26 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
Praveen Kumar Singh was appointed as Additional Director on 10 Feb 2026. Himanshu Kanungo was appointed as Additional Director on 06 Jul 2023. Diveshkumar Jain was appointed as Additional Director on 17 Feb 2023. Adarsh Stainless has 8 board changes on record in total.
Yes, Adarsh Stainless is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0048424).