MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UP-29-0015368
Akng Steels Private Limited
Akng Steels Private Limited - metals and minerals in Ghaziabad, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.93 Cr
▼ 3% YoY
Net profit · FY 2024
₹1.14 Lakh
Net margin 0%
EBITDA · FY 2024
₹35.96 Lakh
EBITDA margin 1.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Akng Steels Private Limited
Data last updated:
Akng Steels Private Limited is a private limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 22 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U27310UP2013PTC059098. Its GSTIN is 09AALCA9284A1ZH (Uttar Pradesh).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nitin Garg and Ashok Kumar Garg.
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 Plot – 189 Loha Mandi Industrial Area Bulandshar Road, Ghaziabad, Uttar Pradesh, India – 201001.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.93 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Lakh (net margin 0%) and EBITDA of ₹35.96 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 41% over five years.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
Akng Steels Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-29-0015368). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27310UP2013PTC059098
Registration Number 059098
Incorporation Date 22 August 2013
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-29-0015368
Key People
Nitin Garg Director Ashok Kumar Garg Director Recognitions & Rankings of Akng Steels
Contact details
Akng Steels Private Limited's registered office is in Ghaziabad, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot – 189 Loha Mandi Industrial Area Bulandshar Road, Ghaziabad, Uttar Pradesh, India – 201001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Akng Steels Private Limited, buy the company report.
Comprehensive company report
Akng Steels Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Akng Steels is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Akng Steels Private Limited, buy the company report.
Financials of Akng Steels Private Limited
FY 2024 filings availableAkng Steels Private Limited reported revenue of ₹22.93 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹22.93 Cr ▼ 3%
Net profit · FY 2024
₹1.14 Lakh margin 0%
EBITDA · FY 2024
₹35.96 Lakh margin 1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 25%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 86%
5 years · compounded
▲ 105%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 41%. EBITDA rose 32% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.14 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0% | ||||
| 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 Akng Steels Private Limited, buy the company report.
Board of directors of Akng Steels Private Limited
Akng Steels has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Garg | Director | 22 Aug 2013 | 13 Years 2 Months | Current |
| Ashok Kumar Garg | Director | 22 Aug 2013 | 13 Years 2 Months | Current |
Auditor
Akng Steels Private Limited is audited by KULDEEP SAURABH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KULDEEP SAURABH & ASSOCIATES | FY 2021 | 009930C |
Shareholding
The shareholding of Akng Steels Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akng Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2022 | 100610115 | Others | ₹5 Cr | Open |
To see the full charge records of Akng Steels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Akng Steels Private Limited has 3 court cases on record: 1 filed by Akng Steels, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed by the company against Dimpi Enterprises | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
To see the full case history of Akng Steels 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 Akng Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akng Steels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AALCA9284A1ZH | Uttar Pradesh | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Akng Steels Private Limited, buy the company report.
Recent activity
Akng Steels Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Ashok Kumar Garg was appointed as Director on 22 Aug 2013.
AGM
Akng Steels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Akng Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.
Charges
A charge with Others of Rs. 500.00 Lakh registered on 27 Jun 2022 with Charge ID 100610115 was modified on 12 Oct 2023.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100610115 was registered on 27 Jun 2022.
Appointed
Ashok Kumar Garg was appointed as Director.
Appointed
Nitin Garg was appointed as Director.
Incorporation
22 Aug 2013
Akng Steels Private Limited was registered on 22 Aug 2013 with Roc Kanpur & aged 13 years 2 months as per MCA records.
Frequently asked questions
Akng Steels is an active private limited company based in Ghaziabad, Uttar Pradesh, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 22 August 2013 (13+ years old) and is registered under CIN U27310UP2013PTC059098.
Akng Steels has 2 current directors:
- Nitin Garg - Director
- Ashok Kumar Garg - Director
The latest financial statements of Akng Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Akng Steels is 09AALCA9284A1ZH, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Akng Steels is U27310UP2013PTC059098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akng Steels has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.
Akng Steels was incorporated on 22 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Kanpur.
Ashok Kumar Garg was appointed as Director on 22 Aug 2013. Nitin Garg was appointed as Director on 22 Aug 2013.
Yes, Akng Steels is registered as a small enterprise under Udyam registration (number: UDYAM-UP-29-0015368).
The registered office of Akng Steels is at Plot – 189 Loha Mandi Industrial Area Bulandshar Road, Ghaziabad, Uttar Pradesh, India – 201001.
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