About Alaknanda Sponge Iron Limited
Data last updated:
Alaknanda Sponge Iron Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Ratangiri Vanijya Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27102WB2003PLC096848. Its GSTIN is 19AAECA7701K1ZK (West Bengal). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹11.92 Cr. It was formerly known as Alaknanda Sponge Iron Private Limited. It is led by directors including Anand Kumar Saraogi (Whole-Time Director) and Vishal Saroagi.
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 Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹898.99 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.2 Cr (net margin 0.2%) and EBITDA of ₹15.11 Cr (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹135.92 Cr and satisfied charges of ₹96.86 Cr on record. Court records list 12 cases involving the company, including 10 filed by the company and 2 filed against it; 8 cases are pending. The company has 22 deals on record (16 secondary share transfers, 6 funding rounds), with disclosed funding of ₹51.91 Cr; the latest was in March 2024. Its 7 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 3 smaller; the largest is NRVS Steels Limited with revenue of ₹902.37 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 13 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alaknandagroup.com.
Company details
CIN history
Alaknanda Sponge Iron has one previous CIN (Corporate Identification Number): U27102WB2003PTC096848. The current CIN is U27102WB2003PLC096848, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27102WB2003PLC096848 | Current |
| U27102WB2003PTC096848 | Previous |
Contact details
Alaknanda Sponge Iron Limited's registered office is in Kolkata, West Bengal. Its website is alaknandagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address41A Achrya Jagdish Chandra Bose Road Diamond Prestige 2nd Floor Room No. 21, 3, Kolkata, West Bengal, India – 700017
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Alaknanda Sponge Iron 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 Alaknanda Sponge Iron is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Alaknanda Sponge Iron Limited, buy the company report.
Financials of Alaknanda Sponge Iron Limited
FY 2024 filings availableAlaknanda Sponge Iron Limited reported revenue of ₹898.99 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 2% growth in the latest year. EBITDA fell 33% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.2 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Alaknanda Sponge Iron Limited, buy the company report.
Board of directors of Alaknanda Sponge Iron Limited
Alaknanda Sponge Iron has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Saroagi Also directs: Raghunathji Residential Infra LLP, Alaknanda Balmukund Ispat Private Limited, Golden Castings & Ispat Limited and 4 more | Director | 26 Aug 2003 | 23 Years 2 Months | Current |
| Neeti Kumari | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
| Subhas Kumar Kayal | Director | 03 Mar 2021 | 5 Years 8 Months | Current |
| Anand Kumar Saraogi Also directs: Alaknanda Balmukund Ispat Private Limited, Golden Castings & Ispat Limited, Titanic Vintrade Private Limited and 5 more | Whole-Time Director | 26 Aug 2003 | 23 Years 2 Months | Current |
| Sandeep Agarwal Also directs: Daffodil Vincom Private Limited, Jhankar Tradelinks Private Limited, Alm Rice Mill Private Limited and 4 more | Director | 31 Dec 2011 | 14 Years 10 Months | Current |
| Niraj Jindal Also directs: Classic Electrodes (India) Limited, SPD Constructions Limited | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Alaknanda Sponge Iron Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| NRVS Steels Limited | ₹902.37 Cr (FY 2024) | 33.0% | Raigarh, Chhattisgarh, India | |||
| Shaurya Ispat Udyog Private Limited | ₹901.84 Cr (FY 2025) | -2.0% | Raipur, Chhattisgarh, India | |||
| Aarti Sponge and Power Limited | ₹901.8 Cr (FY 2025) | 3.0% | Raipur, Chhattisgarh, India | |||
| Bhuleshwar Steel and Alloys Pvt Ltd | ₹899.67 Cr (FY 2025) | -6.0% | Pune, Maharashtra, India | |||
| Alaknanda Sponge Iron Limitedthis company | ₹898.99 Cr (FY 2024) | ₹2.2 Cr | 0.2% | 2.0% | Kolkata, West Bengal, India | |
| Nezone Tubes (TN) Limited | ₹893.64 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Eloquent Steel Private Limited | ₹888.7 Cr (FY 2025) | 96.0% | Kolkata, West Bengal, India | |||
| Jai Raj Ispat Ltd | ₹876.74 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Alaknanda Sponge Iron Limited, buy the company report.
Auditor
Alaknanda Sponge Iron Limited is audited by H.P. Jhunjhunwala & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.P. Jhunjhunwala & Co. | FY 2023 | 302139E |
Shareholding
The shareholding of Alaknanda Sponge Iron 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 Alaknanda Sponge Iron Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101115963 | Axis Bank Limited | ₹36 Cr | Open | |
| 25 Jan 2023 | 100672750 | Others | ₹40 Cr | Open | |
| 09 Jan 2023 | 100667103 | Others | ₹28.96 Lakh | Open | |
| 11 Oct 2021 | 100496005 | Yes Bank Limited | ₹20 Lakh | Open | |
| 27 Jul 2021 | 100473290 | Others | ₹7 Lakh | Open |
To see the full charge records of Alaknanda Sponge Iron Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Alaknanda Sponge Iron Limited has 22 deals on record (16 secondary share transfers, 6 funding rounds), with disclosed funding of ₹51.91 Cr; the latest was in March 2024.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Pawanputra Advertising Private Limited , an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ratangiri Vanijya Private Limited |
| Oct 2017 | Funding round | ₹5.47 Cr | Investors: Pawanputra Advertising Private Limited , Navy Agencies Pvt Ltd |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Shivdhara Vanijya Pvt Ltd , Rajgharana Properties Private Limited , Nidhi Trading Company Private Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Ratangiri Vanijya Private Limited Seller: Green View Goods Private Limited |
To see the full deal history of Alaknanda Sponge Iron 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
Alaknanda Sponge Iron Limited has 12 court cases on record: 10 filed by Alaknanda Sponge Iron, 2 filed against it. 8 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 6 |
| High courts | 4 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CS-COM) | Filed against the company by Damodar Valley Corporation | Pending |
| High Court, West Bengal | Civil suit | Filed by the company against Herbal Green Solutions Private Limited and Anr | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Herbal Green Solutions Private Limited and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ambition Agency Private Limited and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms Kinjal Commercial Pvt. Ltd. 3 Others | Pending |
To see the full case history of Alaknanda Sponge Iron 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.
Credit ratings & regulatory alerts
Alaknanda Sponge Iron Limited was last rated by Care on 22 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Jan 2021 |
To see the full credit ratings and regulatory alerts of Alaknanda Sponge Iron Limited, buy the company report.
MSME payment delays
Alaknanda Sponge Iron Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 13 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Vikas Iron & Steel Co. | |||
| BSP Multiworth India Pvt. Ltd. | |||
| Prakash Kumar Pasari & Co. Private Limited |
To see the full MSME payment records of Alaknanda Sponge Iron Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Alaknanda Sponge Iron has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECA7701K1ZK | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Alaknanda Sponge Iron Limited, buy the company report.
Recent activity
Alaknanda Sponge Iron Limited has 18 board changes on record since 2003: 7 appointments and 11 cessations. The latest: Niraj Jindal ceased to be Additional Director on 29 Sep 2023.
57 earlier events are in the company report.
Frequently asked questions
Alaknanda Sponge Iron is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 August 2003 (23+ years old) and is registered under CIN U27102WB2003PLC096848.
Alaknanda Sponge Iron has 6 current directors:
- Anand Kumar Saraogi - Whole-Time Director
- Vishal Saroagi - Director
- Neeti Kumari - Director
- Subhas Kumar Kayal - Director
- Sandeep Agarwal - Director
- Niraj Jindal - Director
The latest financial statements of Alaknanda Sponge Iron 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 Alaknanda Sponge Iron is 19AAECA7701K1ZK, registered in West Bengal. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Alaknanda Sponge Iron is U27102WB2003PLC096848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alaknanda Sponge Iron has 12 court cases on record: 10 filed by the company and 2 filed against it. 8 are pending. Most are in the district courts.
Alaknanda Sponge Iron was incorporated on 26 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Kolkata.
Alaknanda Sponge Iron has 22 deals on record (16 secondary share transfers, 6 funding rounds), with disclosed funding of ₹51.91 Cr; the latest was in March 2024.
The peers of Alaknanda Sponge Iron by revenue are NRVS Steels Limited, Shaurya Ispat Udyog Private Limited, Aarti Sponge and Power Limited, Bhuleshwar Steel and Alloys Pvt Ltd, Nezone Tubes (TN) Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Niraj Jindal ceased to be Additional Director on 29 Sep 2023. Niraj Jindal was appointed as Director on 15 Jun 2022. Rakhi Mohanka ceased to be Additional Director on 15 Jun 2022. Alaknanda Sponge Iron has 18 board changes on record in total.
Alaknanda Sponge Iron has 4 MSME Form 1 returns on record between 2019 and 2020, listing 13 overdue payments to 8 micro and small suppliers. The latest return was filed on 21 Jul 2020.
Alaknanda Sponge Iron can be reached through the website alaknandagroup.com. Its registered office is in Kolkata, West Bengal, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
