Ashish Ferro-Met Private Limited
About Ashish Ferro-Met Private Limited
Data last updated:
Ashish Ferro-Met Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 17 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27101GJ1996PTC059044. Its GSTIN is 24AAACA9868P1ZZ (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Jikesh Kirtikumar Shah (Managing Director) and Hemanshu Kirtikumar Shah.
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 Plot No. 14 Phase III G.I.D.C. Naroda, Ahmedabad, Gujarat, India – 382330.
As per the financials filed for FY 2025, the company reported a revenue of ₹119.92 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹63.59 Lakh (net margin 0.5%) and EBITDA of ₹3.94 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹44.77 Cr and satisfied charges of ₹17.93 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ashish Ferro-Met has one previous CIN (Corporate Identification Number): U27101MH1996PTC101165. The current CIN is U27101GJ1996PTC059044, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101GJ1996PTC059044 | Current |
| U27101MH1996PTC101165 | Previous |
Contact details
Ashish Ferro-Met Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 14 Phase III G.I.D.C. Naroda, Ahmedabad, Gujarat, India – 382330
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ashish Ferro-Met 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 Ashish Ferro-Met 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 Ashish Ferro-Met Private Limited, buy the company report.
Financials of Ashish Ferro-Met Private Limited
FY 2025 filings availableAshish Ferro-Met Private Limited reported revenue of ₹119.92 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 34% 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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| EBITDA | ₹3.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹63.59 Lakh | ||||
| Balance Sheet | |||||
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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 | 3.3% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ashish Ferro-Met Private Limited, buy the company report.
Board of directors of Ashish Ferro-Met Private Limited
Ashish Ferro-Met has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanshu Kirtikumar Shah Also directs: Ashish Ferro Alloys Private Limited | Director | 17 Jul 1996 | 30 Years 3 Months | Current |
| Jikesh Kirtikumar Shah Also directs: Ashish Ferro Alloys Private Limited | Managing Director | 01 Apr 1999 | 27 Years 7 Months | Current |
Peer comparison
Ashish Ferro-Met Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Asan Steels Private Limited | ₹121.17 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Sunrise Stainless Private Limited | ₹120.82 Cr (FY 2024) | -47.0% | Ahmedabad, Gujarat, India | |||
| Jagdamba Ispat Private Limited | ₹120.37 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Ajay Steel Casting Private Limited | ₹120.06 Cr (FY 2025) | -55.0% | Raigarh, Chhattisgarh, India | |||
| Ashish Ferro-Met Private Limitedthis company | ₹119.92 Cr (FY 2025) | ₹63.59 Lakh | 0.5% | -5.0% | Ahmedabad, Gujarat, India | |
| Hoin Mal Sons Enterprises Private Limited | ₹119.72 Cr (FY 2025) | -8.0% | Raebareli, Uttar Pradesh, India | |||
| Rana Steels India Private Limited | ₹119.6 Cr (FY 2025) | -11.0% | Uttar Pradesh, India |
To see the full peer comparison of Ashish Ferro-Met Private Limited, buy the company report.
Auditor
Ashish Ferro-Met Private Limited is audited by PRAHLAD BHAI AMBALAL PATEL for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAHLAD BHAI AMBALAL PATEL | FY 2023 | 112103W |
Shareholding
The shareholding of Ashish Ferro-Met 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 Ashish Ferro-Met Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2023 | 100797503 | Sidbi | ₹4.75 Cr | Open | |
| 02 Feb 2022 | 100560750 | Others | ₹80 Lakh | Open | |
| 20 Jun 2020 | 100354264 | Others | ₹1.35 Cr | Open | |
| 09 Oct 2017 | 100126969 | Others | ₹17.43 Cr | Open | |
| 13 Sep 2017 | 100126970 | Others | ₹2.94 Cr | Open |
To see the full charge records of Ashish Ferro-Met Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Ashish Ferro-Met Private Limited has 13 court cases on record: 9 filed by Ashish Ferro-Met, 4 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 2 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Naksh Steel Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Tradant Metafab Pvt. Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against The State of Gujarat and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against an individual | Pending |
To see the full case history of Ashish Ferro-Met 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 Ashish Ferro-Met Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashish Ferro-Met has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA9868P1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AAACA9868P1D8 | Gujarat | Active | 30 Oct 2024 |
To see the full GST registrations and return filing status of Ashish Ferro-Met Private Limited, buy the company report.
Recent activity
Ashish Ferro-Met Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Kirtikumar Dahyalal Shah ceased to be Director on 03 Jan 2013.
20 earlier events are in the company report.
Frequently asked questions
Ashish Ferro-Met is an active private limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 17 July 1996 (30+ years old) and is registered under CIN U27101GJ1996PTC059044.
Ashish Ferro-Met has 2 current directors:
- Jikesh Kirtikumar Shah - Managing Director
- Hemanshu Kirtikumar Shah - Director
The latest financial statements of Ashish Ferro-Met 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 Ashish Ferro-Met is 24AAACA9868P1ZZ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACA9868P1D8 (Gujarat).
The CIN (Corporate Identification Number) of Ashish Ferro-Met is U27101GJ1996PTC059044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashish Ferro-Met has 13 court cases on record: 9 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Ashish Ferro-Met was incorporated on 17 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashish Ferro-Met by revenue are Asan Steels Private Limited, Sunrise Stainless Private Limited, Jagdamba Ispat Private Limited, Ajay Steel Casting Private Limited, Hoin Mal Sons Enterprises Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Kirtikumar Dahyalal Shah ceased to be Director on 03 Jan 2013. Jikesh Kirtikumar Shah ceased to be Director on 01 May 2011. Jikesh Kirtikumar Shah was appointed as Managing Director on 01 Apr 1999. Ashish Ferro-Met has 4 board changes on record in total.
The registered office of Ashish Ferro-Met is at Plot No. 14 Phase III G.I.D.C. Naroda, Ahmedabad, Gujarat, India – 382330.
Ashish Ferro-Met operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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