Ajay Steels Private Limited
About Ajay Steels Private Limited
Data last updated:
Ajay Steels Private Limited is a private limited company based in Raipur, Chhattisgarh, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 12 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U27109CT2003PTC016092. Its GSTIN is 22AAECA3978J1ZK (Chhattisgarh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹7.83 Cr and a paid-up capital of ₹7.74 Cr. It is led by directors Ramesh Kumar Agrawal and Kundan Kishore Goyal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vrindavan Nearidbibank Civillines, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2024, the company reported a revenue of ₹149.34 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹5.01 Cr (net margin 3.4%) and EBITDA of ₹5.91 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 32% over five years.
As per MCA filings, the company has open charges of ₹80 Cr and satisfied charges of ₹91 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressVrindavan Nearidbibank Civillines, Raipur, Chhattisgarh, India – 492001
- IndustryMetals and Minerals, Materials Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Ajay Steels Private Limited
The main business activity of Ajay Steels is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ajay Steels Private Limited FY 2024 filings available
Ajay Steels Private Limited reported revenue of ₹149.34 Cr (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ajay Steels Private Limited
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA rose 7% 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 of Ajay Steels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.01 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 Ajay Steels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 Ajay Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ajay Steels Private Limited
Ajay Steels Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Promedia Trading Private Limited | ₹153.47 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Chennai, Tamil Nadu, India |
| Coal Man Logistics India Private Limited | ₹152.79 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Bilaspur, Chhattisgarh, India |
| BL Minerals Private Limited | ₹151.67 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Guwahati, Assam, India |
| Parmeshwar Recycling Limited | ₹151.33 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Dehgam, Gujarat, India |
| Metallion Alloys Private Limited | ₹149.69 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | Yerpedu, Andhra Pradesh, India |
| Ajay Steels Private Limited this company | ₹149.34 Cr (FY 2024) | •••• | •••• | -62.0% | •••• | Raipur, Chhattisgarh, India |
| Nsew Metals Private Limited | ₹149.33 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | New Delhi, Delhi, India |
| Satna Solvent Private Limited | ₹149 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Satna, Madhya Pradesh, India |
| Swastik Polyprints Private Limited | ₹148.6 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Surat, Gujarat, India |
| Kolluri Impex Private Limited | ₹148.48 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Hyderabad, Telangana, India |
| Coaltwister Limited | ₹148.07 Cr (FY 2024) | •••• | •••• | 1130.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Ajay Steels by revenue in the Metals and Minerals industry (Materials Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ajay Steels Private Limited
Ajay Steels Private Limited is audited by Topesh Kumar & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Topesh Kumar & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ajay Steels Private Limited
Ajay Steels has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kumar Agrawal Also directs: Om Ispat (India) Pvt Ltd, Chaitanya Finvest (India) Private Limited, Shivalay Ispat and Power Private Limited and 1 more | Director | 03 Jan 2012 | 14 Years 9 Months | Current |
| Kundan Kishore Goyal | Additional Director | 19 Aug 2025 | 1 Years 1 Months | Current |
Ownership and Shareholding of Ajay Steels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ajay Steels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2019 | Hdfc Bank Limited | ₹50 Cr | Satisfied |
| 25 Feb 2019 | Yes Bank Limited | ₹30 Cr | Satisfied |
| 07 Jan 2013 | Yes Bank Limited | ₹11 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Ajay Steels Private Limited
Employment history and EPFO contributions of people linked to Ajay Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Ajay Steels Private Limited
Ajay Steels has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Ajay Steels Private Limited
Ajay Steels Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Kundan Kishore Goyal was appointed as Additional Director on 19 Aug 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ajay Steels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ajay Steels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ajay Steels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ajay Steels Private Limited
Ajay Steels has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAECA3978J1ZK | Chhattisgarh | Active | 01 Jul 2017 |
| 22AAECA3978J2ZJ | Chhattisgarh | Active | 04 May 2023 |
| 37AAECA3978J1Z9 | Andhra Pradesh | Active | 11 Jan 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ajay Steels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ajay Steels Private Limited
Ajay Steels is an active private limited company based in Raipur, Chhattisgarh, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 12 September 2003 (23+ years old) and is registered under CIN U27109CT2003PTC016092.
Ajay Steels reported revenue of ₹149.34 Cr for FY 2024 (down 62% YoY).
Ajay Steels has 2 current directors:
- Ramesh Kumar Agrawal - Director
- Kundan Kishore Goyal - Additional Director
Ajay Steels reported a net profit of ₹5.01 Cr (net margin 3.4%) and EBITDA of ₹5.91 Cr (EBITDA margin 4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ajay Steels is -4% over three years and 32% over five years. In the latest year (FY 2024) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ajay Steels is 22AAECA3978J1ZK, registered in Chhattisgarh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 22AAECA3978J2ZJ (Chhattisgarh), 37AAECA3978J1Z9 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Ajay Steels is U27109CT2003PTC016092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajay Steels was incorporated on 12 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
The peers of Ajay Steels by revenue are Promedia Trading Private Limited, Coal Man Logistics India Private Limited, BL Minerals Private Limited, Parmeshwar Recycling Limited, Metallion Alloys Private Limited and 5 more, all in the Metals and Minerals industry (Materials Retail and Distribution).
Kundan Kishore Goyal was appointed as Additional Director on 19 Aug 2025. Ritesh Jindal was appointed as Director on 08 Mar 2019. Umesh Agrawal ceased to be Director on 08 Mar 2019. Ajay Steels has 6 board changes on record in total.
The registered office of Ajay Steels is at Vrindavan Nearidbibank Civillines, Raipur, Chhattisgarh, India – 492001.