About Arcelormittal India Private Limited
Data last updated:
Arcelormittal India Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Oakey Holding B.V.. 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 10 April 2006.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ2006PTC106923. Its GSTIN is 24AAECM6306J1ZK (Gujarat). The company held 7 GST registrations, all of them active.
The company had an authorised share capital of ₹50,000 Cr and a paid-up capital of ₹28,170 Cr. It was formerly known as Arcelormittal India Limited and Mittal Steel India Limited. It was led by director Dilip Oommen.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2022, the company reported a revenue of ₹3,979.55 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹760.53 Cr (net margin -19.1%) and EBITDA of ₹7,380.83 Cr (EBITDA margin 185.5%). Revenue has grown at a compounded annual rate (CAGR) of 321% over three years.
Its group structure included 5 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹150 Cr on record. Court records list 277 cases involving the company, including 50 filed by the company and 228 filed against it; 70 cases are pending. The company has 12 deals on record (6 rights issues, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1,737.04 Cr; the latest was in September 2023.
The last known website on record is corporate.arcelormittal.com.
Company details
Name history
Arcelormittal India has undergone 3 name changes throughout its history. The company was previously known as Arcelormittal India Limited, Mittal Steel India Limited, and Mittal Steel Jharkhand Private Limited. The current legal name is Arcelormittal India Private Limited.
| Company Name | Status |
|---|---|
| Arcelormittal India Private Limited | Current |
| Arcelormittal India Limited | Previous |
| Mittal Steel India Limited | Previous |
| Mittal Steel Jharkhand Private Limited | Previous |
CIN history
Arcelormittal India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100GJ2006PTC106923, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ2006PTC106923 | Current |
| U27100JH2006FTC012287 | Previous |
| U27100JH2006PLC012287 | Previous |
| U27100JH2006PTC012287 | Previous |
Contact details
Arcelormittal India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is corporate.arcelormittal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRegus Business Centre Office No. 317 2&3 Floor Privillion Block B 202 203 204, East Wing, Ahmedabad, Gujarat, India – 380054
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Mining & Mineral Extraction
To see the full contact details of Arcelormittal India 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 activity of Arcelormittal India is mining and quarrying. In detail, this covers mining of metal ores.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B3 | Mining of Metal Ores |
To see the full business activity and turnover split of Arcelormittal India Private Limited, buy the company report.
Financials of Arcelormittal India Private Limited
FY 2022 filings availableArcelormittal India Private Limited reported revenue of ₹3,979.55 Cr (down 88% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 321%. EBITDA rose 894% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹7,380.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹760.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 185.5% | ||||
| Net Profit Margin | -19.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Arcelormittal India Private Limited, buy the company report.
Board of directors of Arcelormittal India Private Limited
Arcelormittal India has 1 current director and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Oommen Also directs: Amns Ports Hazira Limited, Arcelormittal Nippon Steel India Private Limited, Amns Ports Shared Services Private Limited and 5 more | Director | 11 Feb 2020 | 6 Years 8 Months | As last reported |
Auditor
Arcelormittal India Private Limited is audited by Singhi & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2021 | 302049E |
Shareholding
The shareholding of Arcelormittal India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Arcelormittal India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2022 | 100542877 | The Hongkong and Shanghai Banking Corporation Limited | ₹125 Cr | Satisfied | |
| 13 Apr 2009 | 10163518 | State Bank of India | ₹25 Cr | Satisfied |
To see the full charge records of Arcelormittal India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Arcelormittal India Private Limited has 12 deals on record (6 rights issues, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1,737.04 Cr; the latest was in September 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Oakey Holding Bv Seller: Arcelor Mittal India Private Limited |
| Sep 2023 | Funding round | ₹1,184.54 Cr | Investors: Arcelor Mittal India Private Limited |
| Mar 2023 | Rights issue | ₹5 Lakh | Investors: Arcelor Mittal Ventures India Private Limited |
| Feb 2021 | Rights issue | ₹15 Lakh | Investors: Arcelor Mittal Ventures India Private Limited |
| Apr 2020 | Rights issue | ₹5,982 Cr | Investors: Oakey Holding B V |
To see the full deal history of Arcelormittal India 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
Arcelormittal India Private Limited has 277 court cases on record: 50 filed by Arcelormittal India, 228 filed against it. 70 cases are pending and 207 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 140 | 111 | 11 |
| District courts | 71 | 71 | 25 |
| NCLAT | 48 | 34 | 33 |
| Supreme Court | 18 | 12 | 1 |
Cases on record (5 of 277)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Srei Infrastructure Finance Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Arcelormittal Nippon Steel India Limited | Pending |
| NCLAT, Court II | Tribunal matter | Filed by the company against Srei Infrastructure Finance Ltd & Ors and 2 others | Pending |
| NCLAT, Court IV | Tribunal matter | Filed by the company against Srei Infrastructure Finance Ltd & Ors | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Srei Infrastructure Finance Limited and 2 others | Pending |
To see the full case history of Arcelormittal India 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 Arcelormittal India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Arcelormittal India has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Seregarha Mines Private Limited | U10101JH2008PTC013089 | |
| Am Mining India Private Limited | U13209DL2019PTC356902 | |
| Arcelormittal Nippon Steel India Limited | U27100GJ1976FLC013787 | |
| Odisha Slurry Pipeline Infras | U60200OR2014PLC018639 | |
| Amns Shared Services Limited | U74110MH2011PLC217214 |
To see the full group structure of Arcelormittal India Private Limited, buy the company report.
GST
Arcelormittal India has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM6306J1ZK | Gujarat | Active | 12 Apr 2019 |
| 07AAECM6306J1ZG | Delhi | Active | 01 Jul 2017 |
| 29AAECM6306J1ZA | Karnataka | Active | 01 Jul 2017 |
| 20AAECM6306J1ZS | Jharkhand | Active | 29 Jul 2017 |
To see the full GST registrations and return filing status of Arcelormittal India Private Limited, buy the company report.
Recent activity
Arcelormittal India Private Limited has 32 board changes on record since 2008: 1 appointment and 31 cessations. The latest: Java Joshi ceased to be Company Secretary on 27 Mar 2024.
27 earlier events are in the company report.
News
Frequently asked questions
Arcelormittal India 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.
Arcelormittal India was a private limited company based in Ahmedabad, Gujarat, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 April 2006 and is registered under CIN U27100GJ2006PTC106923. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Arcelormittal India was incorporated on 10 April 2006. It is registered with the Registrar of Companies, Ahmedabad.
Arcelormittal India had 1 director:
- Dilip Oommen - Director
The CIN (Corporate Identification Number) of Arcelormittal India is U27100GJ2006PTC106923. 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 Arcelormittal India is at Regus Business Centre Office No. 317 2&3 Floor Privillion Block B 202 203 204, East Wing, Ahmedabad, Gujarat, India – 380054.
Arcelormittal India can be reached through the website corporate.arcelormittal.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Arcelormittal India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Arcelormittal India is 24AAECM6306J1ZK, registered in Gujarat. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 07AAECM6306J1ZG (Delhi), 29AAECM6306J1ZA (Karnataka), 20AAECM6306J1ZS (Jharkhand).
Arcelormittal India operated in the metals and minerals industry, in the steel manufacturing and processing segment.