About Amalgam Steel & Power Limited
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Amalgam Steel & Power Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Transform Steel Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 22 July 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27104WB2003PLC096616. Its GSTIN is 19AAECA5290R1ZY (West Bengal). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1,165 Cr and a paid-up capital of ₹750.5 Cr. It was formerly known as Adhunik Alloys & Power Limited and Adhunik Alloys & Power Private Limited. It is led by directors including Sourav Misra (Managing Director) and Gaurav Atha (Managing Director).
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 Avani Signature 4th Floor Unit 401A 91A/1 Park Street, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2025, the company reported a revenue of ₹920.59 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹10.7 Cr (net margin 1.2%) and EBITDA of ₹75.72 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
The company has about 390 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Amalgam Steel. As per MCA filings, the company has open charges of ₹750.15 Cr and satisfied charges of ₹3,183.9 Cr on record. Court records list 93 cases involving the company, including 57 filed by the company and 36 filed against it; 23 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in December 2018. Its 3 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (manufacture of basic metals) are compared by revenue, 2 larger and 1 smaller; the largest is Metarolls Ispat Private Limited with revenue of ₹1,672.52 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 87 overdue payments to 40 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 adhunikgroup.com.
Company details
Name history
Amalgam Steel & Power has undergone 2 name changes throughout its history. The company was previously known as Adhunik Alloys & Power Limited, and Adhunik Alloys & Power Private Limited. The current legal name is Amalgam Steel & Power Limited.
| Company Name | Status |
|---|---|
| Amalgam Steel & Power Limited | Current |
| Adhunik Alloys & Power Limited | Previous |
| Adhunik Alloys & Power Private Limited | Previous |
CIN history
Amalgam Steel & Power has one previous CIN (Corporate Identification Number): L27104WB2003PLC096616. The current CIN is U27104WB2003PLC096616, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27104WB2003PLC096616 | Current |
| L27104WB2003PLC096616 | Previous |
Contact details
Amalgam Steel & Power Limited's registered office is in Kolkata, West Bengal. Its website is adhunikgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAvani Signature 4th Floor Unit 401A 91A/1 Park Street, Kolkata, West Bengal, India – 700016
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Amalgam Steel & Power 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
Brands
Amalgam Steel & Power operates one associated brand: Amalgam Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel manufacturing, including pellets, billets, and sponge iron, along with power generation in India. | amalgamsteel.com |
Business activity
The main business activity of Amalgam Steel & Power is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Amalgam Steel & Power Limited, buy the company report.
Financials of Amalgam Steel & Power Limited
FY 2025 filings availableAmalgam Steel & Power Limited reported revenue of ₹920.59 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 41% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹920.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.7 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Amalgam Steel & Power Limited, buy the company report.
Board of directors of Amalgam Steel & Power Limited
Amalgam Steel & Power has 8 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Amalgam Steel & Power Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (manufacture of basic metals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Metarolls Ispat Private Limited | ₹1,672.52 Cr (FY 2025) | 7.0% | Jalna, Maharashtra, India | |||
| Gagan Ferrotech Limited | ₹1,628.88 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Sambhv Steel Tubes Limited | ₹1,517.84 Cr (FY 2025) | 18.0% | Raipur, Chhattisgarh, India | |||
| Amalgam Steel & Power Limitedthis company | ₹920.59 Cr (FY 2025) | ₹10.7 Cr | 1.2% | -42.0% | 390 | Kolkata, West Bengal, India |
To see the full peer comparison of Amalgam Steel & Power Limited, buy the company report.
Auditor
Amalgam Steel & Power Limited is audited by S K Agrawal And Co Chartered Accountants Llp for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K Agrawal And Co Chartered Accountants Llp | FY 2025 | 306033E |
Shareholding
The shareholding of Amalgam Steel & Power Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Amalgam Steel & Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2024 | 100931788 | Others | ₹80 Cr | Open | |
| 02 Feb 2024 | 100860703 | Others | ₹40 Cr | Open | |
| 10 Jan 2023 | 100669489 | Axis Bank Limited | ₹54.4 Cr | Open | |
| 12 Sep 2022 | 100613383 | Others | ₹30 Cr | Open | |
| 29 Jun 2022 | 100594865 | Others | ₹15 Cr | Open |
To see the full charge records of Amalgam Steel & Power Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Amalgam Steel & Power Limited has 1 deal on record (1 acquisition); the latest was in December 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Acquisition | Undisclosed | Buyer: Bhagwati Power and Steel Limited Seller: Adhunik Metaliks Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Amalgam Steel & Power Limited has 93 court cases on record: 57 filed by Amalgam Steel & Power, 36 filed against it. 23 cases are pending and 70 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 13 | 11 |
| District courts | 21 | 16 | 11 |
| NCLT | 9 | 1 | 0 |
| Supreme Court | 7 | 4 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Uttarakhand | Court case (CLR) | Filed by the company against M/S Brijbihari Concast Pvt Ltd | Pending |
| District court, Nainital, Uttarakhand | Commercial suit | Filed against the company by M/S Brijbihari Concast Private Limited | Pending |
| High Court, JHARKHAND | Interim or miscellaneous application | Filed by the company against Adhunik Power and Natural Resources Ltd Through Its Managing Director | Pending |
| District court, Seraikella, Jharkhand | Civil miscellaneous application | Filed against the company by M/S Nilachal Iron and Power Limited | Pending |
| District court, Seraikella, Jharkhand | Court case (Original Suit(N)) | Filed by the company against Adhunik Power and Natural Resources Ltd | Pending |
To see the full case history of Amalgam Steel & Power 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
Amalgam Steel & Power Limited was last rated by Icra on 29 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Sep 2021 |
To see the full credit ratings and regulatory alerts of Amalgam Steel & Power Limited, buy the company report.
MSME payment delays
Amalgam Steel & Power Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 87 overdue payments to 40 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 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Technomec Solutions Private Limited | |||
| Gati Express & Supply Chain Private Limited |
To see the full MSME payment records of Amalgam Steel & Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Amalgam Steel & Power has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Amalgam Resources Private Limited | U13202WB2019PTC234930 | |
| NVR Resources Private Limited | U13209WB2019PTC234596 | |
| Amalgam Mines & Minerals Private Limited | U27100WB2020PTC240613 | |
| Performance Marketing Ltd | U51909WB2006PLC108516 | |
| Agrestal Energy Private Limited | U74900WB2012PTC186285 |
To see the full group structure of Amalgam Steel & Power Limited, buy the company report.
Employees & EPFO
Amalgam Steel & Power Limited has a workforce of 390 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 390 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Amalgam Steel & Power Limited, buy the company report.
GST
Amalgam Steel & Power has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECA5290R1ZY | West Bengal | Active | 01 Jul 2017 |
| 19AAECA5290R2ZX | West Bengal | Active | 06 Dec 2018 |
| 20AAECA5290R1ZF | Jharkhand | Active | 01 Jul 2017 |
| 22AAECA5290R1ZB | Chhattisgarh | Active | 19 Mar 2022 |
To see the full GST registrations and return filing status of Amalgam Steel & Power Limited, buy the company report.
Recent activity
Amalgam Steel & Power Limited has 24 board changes on record since 2015: 8 appointments and 16 cessations. The latest: Prabir Kumar Bhattacharjee was appointed as Additional Director on 01 Apr 2025.
124 earlier events are in the company report.
News
Frequently asked questions
Amalgam Steel & Power 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 22 July 2003 (23+ years old) and is registered under CIN U27104WB2003PLC096616.
Amalgam Steel & Power has 8 current directors:
- Sourav Misra - Managing Director
- Gaurav Atha - Managing Director
- Dyapayan Dutta - Director
- Prabir Kumar Bhattacharjee - Additional Director
- Binod Kumar Misra - Director
- Vishal Atha - Director
- Raj Kejriwal Kumar - Director
- Bharat Atha - Director
The latest financial statements of Amalgam Steel & Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Amalgam Steel & Power is 19AAECA5290R1ZY, registered in West Bengal. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAECA5290R2ZX (West Bengal), 20AAECA5290R1ZF (Jharkhand), 22AAECA5290R1ZB (Chhattisgarh).
The CIN (Corporate Identification Number) of Amalgam Steel & Power is U27104WB2003PLC096616. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amalgam Steel & Power has 93 court cases on record: 57 filed by the company and 36 filed against it. 23 are pending. Most are in the high courts.
Amalgam Steel & Power was incorporated on 22 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Kolkata.
Amalgam Steel & Power has 1 deal on record (1 acquisition); the latest was in December 2018.
The peers of Amalgam Steel & Power by revenue are Metarolls Ispat Private Limited, Gagan Ferrotech Limited, Sambhv Steel Tubes Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (manufacture of basic metals).
Prabir Kumar Bhattacharjee was appointed as Additional Director on 01 Apr 2025. Dinesh Kumar Jaiswal ceased to be CFO on 10 Jun 2023. Ramya Hariharan ceased to be Additional Director on 30 Sep 2021. Amalgam Steel & Power has 24 board changes on record in total.
Amalgam Steel & Power has 10 MSME Form 1 returns on record between 2020 and 2024, listing 87 overdue payments to 40 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Amalgam Steel & Power can be reached through the website adhunikgroup.com. Its registered office is in Kolkata, West Bengal, India.
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