About Agarwal Sponge and Energy Private Limited
Data last updated:
Agarwal Sponge and Energy Private Limited was a private limited company based in Bengaluru, Karnataka, 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 22 January 2004.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U27109KA2004PTC159664. Its GSTIN is 29AAECA8680P1ZT (Karnataka). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.21 Cr. It was led by directors Murarilal Agarwal and Satish Kumar Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 952 21st Main Banashankari 2nd Stage, Bengaluru, Karnataka, India – 560070.
As per the financials filed for FY 2023, the company reported a revenue of ₹350.12 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹52.89 Cr (net margin 15.1%) and EBITDA of ₹58.21 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 18% over five years.
The company had about 18 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹3.35 Cr on record. Court records list 27 cases involving the company, including 13 filed by the company and 14 filed against it; 7 cases are pending. The company has 13 deals on record (9 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹23.44 Cr; the latest was in March 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is K L Rathi Steels Limited with revenue of ₹352.43 Cr.
The last known website on record is agarwalindia.com.
Company details
CIN history
Agarwal Sponge and Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27109KA2004PTC159664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109KA2004PTC159664 | Current |
| U27109AP2004PTC042472 | Previous |
| U27109TG2004PTC042472 | Previous |
Contact details
Agarwal Sponge and Energy Private Limited's registered office is in Bengaluru, Karnataka. Its website is agarwalindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address952 21st Main Banashankari 2nd Stage, Bengaluru, Karnataka, India – 560070
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Agarwal Sponge and Energy 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 activities of Agarwal Sponge and Energy are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Agarwal Sponge and Energy Private Limited, buy the company report.
Financials of Agarwal Sponge and Energy Private Limited
FY 2023 filings availableAgarwal Sponge and Energy Private Limited reported revenue of ₹350.12 Cr (down 12% YoY) for FY 2023.
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 18%. EBITDA fell 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹350.12 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹58.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.89 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | ||||
| Net Profit Margin | 15.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Agarwal Sponge and Energy Private Limited, buy the company report.
Board of directors of Agarwal Sponge and Energy Private Limited
Agarwal Sponge and Energy 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 |
|---|---|---|---|---|
| Murarilal Agarwal | Director | 22 Jan 2004 | 22 Years 9 Months | As last reported |
| Satish Kumar Agarwal Also directs: Saraswati Agri Trading Private Limited, Agarwal Industries Pvt Ltd | Director | 22 Jan 2004 | 22 Years 9 Months | As last reported |
Peer comparison
Agarwal Sponge and Energy Private Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K L Rathi Steels Limited | ₹352.43 Cr (FY 2025) | -17.0% | Delhi, India | |||
| Arise Steels Private Limited | ₹351.86 Cr (FY 2025) | -10.0% | Musiri, Tamil Nadu, India | |||
| Tubacex Tubes and Pipes Private Limited | ₹351.61 Cr (FY 2025) | -18.0% | Mumbai, Maharashtra, India | |||
| Bhaskar Steel and Ferro Alloy Private Limited | ₹350.89 Cr (FY 2024) | -14.0% | Lathikata, Odisha, India | |||
| Agarwal Sponge and Energy Private Limitedthis company | ₹350.12 Cr (FY 2023) | ₹52.89 Cr | 15.1% | -12.0% | 18 | Bengaluru, Karnataka, India |
| Pinax Steel Industries Private Limited | ₹350.08 Cr (FY 2024) | 52.0% | Kolkata, West Bengal, India | |||
| Bihar Sponge Iron Limited | ₹349.32 Cr (FY 2025) | 20.0% | Kharsawan, Jharkhand, India | |||
| Vikash Steel Tube Private Limited | ₹348.66 Cr (FY 2025) | 26.0% | Delhi, India | |||
| Golkonda Engineering Enterprises Limited | ₹348.42 Cr (FY 2024) | 9.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Agarwal Sponge and Energy Private Limited, buy the company report.
Auditor
Agarwal Sponge and Energy Private Limited is audited by P K Rungta & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K Rungta & Co | FY 2023 | 003498S |
Shareholding
The shareholding of Agarwal Sponge and Energy 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 Agarwal Sponge and Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2011 | 10301134 | Kotak Mahindra Bank Limited | ₹14.17 Lakh | Satisfied | |
| 09 Mar 2011 | 10271906 | Kotak Mahindra Bank Limited | ₹40.57 Lakh | Satisfied | |
| 02 Aug 2010 | 10233531 | Andhra Bank - Sultan Bazar Branch | ₹2.4 Cr | Satisfied | |
| 23 Feb 2010 | 10204482 | Kotak Mahindra Bank Limited | ₹39.9 Lakh | Satisfied |
To see the full charge records of Agarwal Sponge and Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Agarwal Sponge and Energy Private Limited has 13 deals on record (9 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹23.44 Cr; the latest was in March 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Secondary share transfer | Undisclosed | Buyer: VRKP Sponge & Power Plant LLP Seller: Saraswati Agri Trading Private Limited , 2 individuals |
| Apr 2015 | Rights issue | ₹36.53 Cr | Investors: Saraswati Agri Trading Private Limited , 2 individuals |
| Mar 2015 | Funding round | ₹5.17 Cr | Investors: Saraswati Agri Trading Private Limited , an individual |
| Apr 2013 | Funding round | ₹1.88 Cr | Investors: Jugantar Mercantiles Pvt Ltd. , Ifsl Limited , Minolta Finance Ltd |
| Apr 2012 | Funding round | ₹27 Lakh | Investors: Kapish Alloys Private Limitetd, Salasar Hanuman Agrotech Foods Private Limited, Kedia Commodities Limited |
To see the full deal history of Agarwal Sponge and Energy 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
Agarwal Sponge and Energy Private Limited has 27 court cases on record: 13 filed by Agarwal Sponge and Energy, 14 filed against it. 7 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 2 |
| High courts | 11 | 1 | 5 |
| NCLT | 4 | 3 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Court case (Rst.A(IBC)) | Filed against the company by MBG Commodities Pvt. Ltd. | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Sri Abhishek Steel and Power Limited | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by MBG Commodities Private Limited | Disposed |
| District court, Kancheepuram, Tamil Nadu | Criminal case | Filed against the company by Hemang Resources Limited,Rep. by Its Authorized Signatory Mr. Mabin Joseph | Disposed |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed against the company by Agarwal Coal Corporation Pvt Ltd | Disposed |
To see the full case history of Agarwal Sponge and Energy 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 Agarwal Sponge and Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Agarwal Sponge and Energy Private Limited has a workforce of 18 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Agarwal Sponge and Energy has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECA8680P1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Agarwal Sponge and Energy Private Limited, buy the company report.
Recent activity
Agarwal Sponge and Energy Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Kushal Agarwal ceased to be Additional Director on 25 Jan 2020.
4 earlier events are in the company report.
Frequently asked questions
Agarwal Sponge and Energy 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.
Agarwal Sponge and Energy was a private limited company based in Bengaluru, Karnataka, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 22 January 2004 and is registered under CIN U27109KA2004PTC159664. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Agarwal Sponge and Energy was incorporated on 22 January 2004. It is registered with the Registrar of Companies, Bangalore.
Agarwal Sponge and Energy had 2 directors:
- Murarilal Agarwal - Director
- Satish Kumar Agarwal - Director
The CIN (Corporate Identification Number) of Agarwal Sponge and Energy is U27109KA2004PTC159664. 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 Agarwal Sponge and Energy is at 952 21st Main Banashankari 2nd Stage, Bengaluru, Karnataka, India – 560070.
Agarwal Sponge and Energy can be reached through the website agarwalindia.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Agarwal Sponge and Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Agarwal Sponge and Energy is 29AAECA8680P1ZT, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Agarwal Sponge and Energy operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Agarwal Sponge and Energy has 13 deals on record (9 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹23.44 Cr; the latest was in March 2023.
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