Ashoka Metcast Limited - Company Profile

Q: Who are the current directors of Ashoka Metcast Limited?

The current directors of Ashoka Metcast Limited are Deepti Ghanshyam Gavali, Payal Punit Pandya, Rushabh Rajnikantbhai Shah, Shalin Ashok Shah, Ashok Chinubhai Shah, Hiteshkumar Madhubhai Donga, Umangkumar Hirabhai Patel, Riddhi Mit Shah, Vyas Harshil Nilesh.

It is a metals and minerals public limited company based in Ahmedabad, Gujarat, India, established in 2009.

2009 Ahmedabad, Gujarat, India Active

Last Updated: January 05, 2026

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About Ashoka Metcast Limited

Ashoka Metcast Limited, a active public limited company, was established on 29 July 2009 in Ahmedabad, Gujarat, India. Engaging in steel manufacturing & processing within the trade sector, it holds CIN: L70101GJ2009PLC057642. Registered under ROC Roc Ahmedabad. it is listed on BSE: 540923. It has an authorized capital of ₹95.00 Cr and a paid-up capital of ₹25.00 Cr.

Formerly known as Ashoka Metcast Private Limited, Ashoka Metal Industries Private Limited. It upholds a compliant status. In 2024, it reported revenue of ₹2.79 Cr and a net worth of ₹36.46 Cr. Its leadership includes Deepti Ghanshyam Gavali (Director), Rushabh Rajnikantbhai Shah (Director), Shalin Ashok Shah (Director). Past directors included Deepti Ghanshyam Gavali, Chandrakant Natubhai Chauhan, Subha Ranjan Dash. It holds ₹13.00 Cr open charges and no settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at 7Th Floor, Ashoka Chambers Opp.Hcg Hospital, Mithakhali Six Roads,, Mithakhali, Ahmedabad, Gujarat, 380006.

Company Details

CIN/LLPIN
L70101GJ2009PLC057642
Registration Number
057642
Incorporation Date
29 July 2009
Authorized Capital
₹95.00 Cr
Paid-Up Capital
₹25.00 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 540923)
Company Status
Active

Key Metrics

Authorised Capital ₹ 95.00 Cr as on 05-01-2026
Paid Up Capital ₹ 25.00 Cr as on 05-01-2026
Company Age 16 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 13.00 Cr as on 05-01-2026
Revenue Growth **** -4.49% (FY 2024)
Profit Growth **** 910.07% (FY 2024)
Ebitda **** 55.19% (FY 2024)
Net Worth 2.60% (FY 2024)
Total Assets -4.76% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Ashoka Metcast Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ashoka Metcast Limited?

Current Directors

Name	Designation	Appointment Date	Status
Deepti Ghanshyam Gavali	Director	11 Aug 2023	Current
Rushabh Rajnikantbhai Shah	Director	06 Apr 2023	Current
Shalin Ashok Shah	Director	29 Jul 2009	Current
Ashok Chinubhai Shah	Managing Director	23 Oct 2017	Current
Hiteshkumar Madhubhai Donga	Director	06 Apr 2023	Current
Umangkumar Hirabhai Patel	Additional Director	14 May 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	28 Sep 2023	Past
Pramod Abcsdd	Additional Director	16 Feb 2022	Past
Pramod Abcsdd	Cfo(Kmp)	-	Past
Pramod Abcsdd	Cfo	-	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Director	02 Jul 2021	Past

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Financial Performance of Ashoka Metcast.

Ashoka Metcast Limited, for the financial year ended 2024, experienced Minor drop in revenue, with a 4.49% decrease. The company also saw a substantial improvement in profitability, with a 910.07% increase in profit. The company's net worth moved up by a moderate rise of 2.6%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-4.49%

*******

Revenue from Operations

*******

-44.67%

*******

Total Assets

*******

-4.76%

*******

Profit or Loss

*******

910.07%

*******

Net Worth

*******

2.60%

*******

EBITDA

*******

55.19%

*******

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What is the Ownership and Shareholding Structure of Ashoka Metcast?

In 2024, Ashoka Metcast had a promoter holding of 53.65% and a public holding of 46.35%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹130,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 13.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
20 Jun 2020	Others	₹13.00 Cr	Open

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How Many Employees Work at Ashoka Metcast?

Unlock and access historical data on people associated with Ashoka Metcast, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Ashoka Metcast, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ashoka Metcast's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ashoka Metcast

Recent Activity within the Organization

Annual General Meeting

Progress on Ashoka Metcast Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was documented.
26 Sep 2025
Director Appointment

The activity Riddhi Mit Shah was appointed as a Company Secretary was appointed as a Company Secretary on 13 Jun 2025 & has been associated with this company since 8 months 20 days . was completed.
13 Jun 2025
Director Appointment

The activity Umangkumar Hirabhai Patel was appointed as a Additional Director was appointed as a Additional Director on 14 May 2025 & has been associated with this company since 9 months 20 days . was completed.
14 May 2025
Director Appointment

Progress on Vyas Harshil Nilesh was appointed as a Cfo was appointed as a Cfo on 08 Apr 2025 & has been associated with this company since 10 months 25 days . was documented.
08 Apr 2025
Balance Sheet

The activity Ashoka Metcast Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Director Appointment

Progress on Payal Punit Pandya was appointed as a Company Secretary was appointed as a Company Secretary on 08 Jul 2024 & has been associated with this company since 1 year 7 months . was documented.
08 Jul 2024

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