About Arjas Steel Private Limited
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Arjas Steel Private Limited is a private limited company based in Anantapur, Andhra Pradesh, India, a subsidiary of Blue Coral Investment Holdings Pte Ltd. Y Cia S R C. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U27109AP1993PTC015499. Its GSTIN is 37AACCS8629N1ZN (Andhra Pradesh). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,402.08 Cr. It was formerly known as Carbyne Special Steel Private Limited and Tadipatri Metal India Ltd. It is led by directors including Bahirji Ajay Ghorpade (Managing Director) and Uttam Kumar Bhageria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tadipatri Mandal Ananthpur Village Jambulapadu, Anantapur, Andhra Pradesh, India – 515411.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,894.37 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹16.49 Cr (net margin -0.6%) and EBITDA of ₹189.56 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 18% over five years.
The company has about 1,053 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Arjas. As per MCA filings, the company has open charges of ₹1,445 Cr and satisfied charges of ₹2,660.26 Cr on record. Court records list 85 cases involving the company, including 56 filed by the company and 29 filed against it; 7 cases are pending. The company has 22 deals on record (10 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹2,282.39 Cr; the latest was in April 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, 3 larger and 4 smaller; the largest is Tata Metaliks Ltd. with revenue of ₹3,273.21 Cr. The company has 15 MSME Form 1 returns on record between 2017 and 2024, listing 328 overdue payments to 196 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 arjas.com.
Company details
Name history
Arjas Steel has undergone 10 name changes throughout its history. The current legal name is Arjas Steel Private Limited.
| Company Name | Status |
|---|---|
| Arjas Steel Private Limited | Current |
| Carbyne Special Steel Private Limited | Previous |
| Tadipatri Metal India Ltd | Previous |
| Sjk Steel Corporation Limited | Previous |
| Sujana Metal India Limited | Previous |
| Sjk Steel Plant Limited | Previous |
| Gerdau Steel India Limited | Previous |
| Durin Steel Private Limited | Previous |
| Gerdau Steel India Private Limited | Previous |
| Kalyani Gerdau Steels Limited | Previous |
CIN history
Arjas Steel has one previous CIN (Corporate Identification Number): U27109AP1993PLC015499. The current CIN is U27109AP1993PTC015499, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109AP1993PTC015499 | Current |
| U27109AP1993PLC015499 | Previous |
Contact details
Arjas Steel Private Limited's registered office is in Anantapur, Andhra Pradesh. Its website is arjas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTadipatri Mandal Ananthpur Village Jambulapadu, Anantapur, Andhra Pradesh, India – 515411
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Arjas Steel 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 Arjas Steel 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 Arjas Steel Private Limited, buy the company report.
Financials of Arjas Steel Private Limited
FY 2025 filings availableArjas Steel Private Limited reported revenue of ₹2,894.37 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 10% growth in the latest year. EBITDA fell 14% 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 |
|---|---|---|---|---|---|
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| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹189.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | -0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Arjas Steel Private Limited, buy the company report.
Board of directors of Arjas Steel Private Limited
Arjas Steel has 7 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Hari Tandon | Director | 16 Jul 2020 | 6 Years 3 Months | Current |
| Bahirji Ajay Ghorpade | Managing Director | 11 Nov 2024 | 1 Years 11 Months | Current |
| Uttam Kumar Bhageria Also directs: Bag Holdings Private Limited | Whole-Time Director | 11 Nov 2024 | 1 Years 11 Months | Current |
| Gregor Johannes Munstermann | Director | 21 Jun 2019 | 7 Years 4 Months | Current |
| Aruna Sharma Also directs: Mannya Micky Consultancy Services LLP, Hindustan Zinc Limited, Welspun Enterprises Limited and 5 more | Director | 23 Sep 2019 | 7 Years 1 Months | Current |
| Anand Sen Also directs: Tega Industries Limited, Tayo Rolls Limited, The Sandur Manganese and Iron Ores Limited and 3 more | Director | 11 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Arjas Steel Private 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 |
|---|---|---|---|---|---|---|
| Tata Metaliks Ltd. | ₹3,273.21 Cr (FY 2023) | 19.0% | Kolkata, West Bengal, India | |||
| Suryadev Alloys and Power Private Limited | ₹3,012.08 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| BMM Ispat Limited | ₹2,915.58 Cr (FY 2024) | -21.0% | Bellary, Karnataka, India | |||
| Arjas Steel Private Limitedthis company | ₹2,894.37 Cr (FY 2025) | -₹16.49 Cr | -0.6% | 10.0% | 1,053 | Anantapur, Andhra Pradesh, India |
| Mukand Sumi Special Steel Limited | ₹2,736.76 Cr (FY 2025) | -4.0% | Kalwa, Maharashtra, India | |||
| Hi-Tech Pipes Ltd | ₹2,700.47 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Jaideep Ispat and Alloys Private Limited | ₹2,699.75 Cr (FY 2025) | 0.0% | Indore, Madhya Pradesh, India | |||
| Orissa Steel & Power Private Limited | ₹2,691.1 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Arjas Steel Private Limited, buy the company report.
Auditor
Arjas Steel Private Limited is audited by BSR & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & CO. LLP | FY 2023 | 101248W / W-100022 |
Shareholding
The shareholding of Arjas Steel Private 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 Arjas Steel Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101190671 | Others | ₹75 Cr | Open | |
| 04 Nov 2025 | 101183771 | Axis Bank Limited | ₹50 Cr | Open | |
| 04 Nov 2024 | 101005498 | Others | ₹355 Cr | Open | |
| 06 Dec 2021 | 100519988 | Others | ₹150 Cr | Open | |
| 30 Jul 2019 | 100288361 | Others | ₹15 Cr | Open |
To see the full charge records of Arjas Steel Private Limited, buy the company report.
Total charge records: 98 View all charges
Deals & funding
Arjas Steel Private Limited has 22 deals on record (10 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹2,282.39 Cr; the latest was in April 2024.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Acquisition | ₹3,000 Cr | Buyer: The Sandur Manganese and Iron Ores Limited , Madhavbag Holdings Pvt Ltd Seller: ADV Partners |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Arjas Steel Employee Benefit Trust, an individual Seller: Jithin Kumar HUF, 3 individuals |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Gerdau Holdings Europa, S A Seller: General Insurance Corporation of India |
| Mar 2013 | Secondary share transfer | Undisclosed | Seller: Kalyani Investment Company Limited |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: Gerdau Holdings Europa, S A, an individual Seller: The New India Assurance Company Limited , UNITED INDIA INSURANCE CO LTD, Bank of India |
To see the full deal history of Arjas Steel 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
Arjas Steel Private Limited has 85 court cases on record: 56 filed by Arjas Steel, 29 filed against it. 7 cases are pending and 78 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 57 | 15 | 6 |
| District courts | 26 | 13 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Appeal | Filed by the company against United India Insurance Co.Ltd. and 3 others | Disposed |
| District court, Ananthapur, Andhra Pradesh | Civil suit | Filed by the company against Akula Narendra Kumar MD, Balasore Alloys Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sarda Alloy Steel Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sarda Alloy Steel Pvt Ltd and 1 other | Disposed |
| High Court, TELANGANA | Appeal | Filed against the company by M/S Skanska Cementation India Limited, | Disposed |
To see the full case history of Arjas Steel 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.
Credit ratings & regulatory alerts
Arjas Steel Private Limited was last rated by Indiarating on 08 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 08 Dec 2021 |
To see the full credit ratings and regulatory alerts of Arjas Steel Private Limited, buy the company report.
MSME payment delays
Arjas Steel Private Limited has 15 MSME Form 1 returns on record between 2017 and 2024, listing 328 overdue payments to 196 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 196)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Samwha India Refractories Private Limited | |||
| Symbiotic Automation Systems Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Arjas Steel Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Arjas Steel has 1 subsidiary 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 |
|---|---|---|
| Arjas Modern Steel Private Limited | U27205PB2020PTC052289 |
To see the full group structure of Arjas Steel Private Limited, buy the company report.
Employees & EPFO
Arjas Steel Private Limited has a workforce of 1,053 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Arjas Steel has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCS8629N1ZN | Andhra Pradesh | Active | 01 Jul 2017 |
| 06AACCS8629N1ZS | Haryana | Active | 01 Jul 2017 |
| 27AACCS8629N1ZO | Maharashtra | Active | 01 Jul 2017 |
| 33AACCS8629N1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arjas Steel Private Limited, buy the company report.
Recent activity
Arjas Steel Private Limited has 47 board changes on record since 2008: 7 appointments and 40 cessations. The latest: Gururaj Pandurang Kundargi ceased to be Additional Director on 18 May 2025.
264 earlier events are in the company report.
News
Frequently asked questions
Arjas Steel is an active private limited company based in Anantapur, Andhra Pradesh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 March 1993 (33+ years old) and is registered under CIN U27109AP1993PTC015499.
Arjas Steel has 7 current directors:
- Bahirji Ajay Ghorpade - Managing Director
- Uttam Kumar Bhageria - Whole-Time Director
- Ajay Hari Tandon - Director
- Gregor Johannes Munstermann - Director
- Aruna Sharma - Director
- Anand Sen - Director
- Gururaj Pandurang Kundargi - Director
The latest financial statements of Arjas Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Arjas Steel is 37AACCS8629N1ZN, registered in Andhra Pradesh. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 06AACCS8629N1ZS (Haryana), 27AACCS8629N1ZO (Maharashtra), 33AACCS8629N1ZV (Tamil Nadu).
The CIN (Corporate Identification Number) of Arjas Steel is U27109AP1993PTC015499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arjas Steel has 85 court cases on record: 56 filed by the company and 29 filed against it. 7 are pending. Most are in the high courts.
Arjas Steel was incorporated on 16 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Vijayawada.
Arjas Steel has 22 deals on record (10 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹2,282.39 Cr; the latest was in April 2024.
The peers of Arjas Steel by revenue are Tata Metaliks Ltd, Suryadev Alloys and Power Private Limited, BMM Ispat Limited, Mukand Sumi Special Steel Limited, Hi-Tech Pipes Ltd and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Gururaj Pandurang Kundargi ceased to be Additional Director on 18 May 2025. Bahirji Ajay Ghorpade ceased to be Additional Director on 20 Mar 2025. Uttam Kumar Bhageria ceased to be Additional Director on 20 Mar 2025. Arjas Steel has 47 board changes on record in total.
Arjas Steel has 15 MSME Form 1 returns on record between 2017 and 2024, listing 328 overdue payments to 196 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Arjas Steel can be reached through the website arjas.com. Its registered office is in Anantapur, Andhra Pradesh, India.
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