Aspen Steel Private Limited

Aspen Steel Private Limited - metals and minerals in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U65993KA1996PTC019882 Incorporated 20 February 1996 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company metals and minerals MSME · Small
Data last updated
Revenue · FY 2025
₹12.73 Cr
▲ 4% YoY
Net profit · FY 2025
₹24.38 Lakh
Net margin 1.9%
EBITDA · FY 2025
₹2.62 Cr
EBITDA margin 20.6%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹11.38 Cr
Satisfied ₹5.74 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
16
Provident fund records

About Aspen Steel Private Limited

Data last updated:

Aspen Steel Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 February 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65993KA1996PTC019882. Its GSTIN is 29AABCA4807H1ZS (Karnataka).

The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Aspen Finance Private Limited. It is led by directors including Shradha Agarwal and Suman Agarwal.

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 No 54/1 17th 18th K.M.Medahalli Village Old Madras Road Bangalore., Karnataka, India – 560049.

As per the financials filed for FY 2025, the company reported a revenue of ₹12.73 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹24.38 Lakh (net margin 1.9%) and EBITDA of ₹2.62 Cr (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 18% over five years.

The company has about 16 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹11.38 Cr and satisfied charges of ₹5.74 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 1 case is pending.

Aspen Steel Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0038126). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aspensteel.in.

Company details

CIN U65993KA1996PTC019882
Registration Number 019882
Incorporation Date 20 February 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0038126
Key People
Shradha Agarwal Director Suman Agarwal Director Gautam Agarwal Director

Recognitions & Rankings of Aspen Steel

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0038126

Contact details

Aspen Steel Private Limited's registered office is in Bangalore, Karnataka. Its website is aspensteel.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    aspensteel.in
  • Registered Address
    No 54/1 17th 18th K.M.Medahalli Village Old Madras Road Bangalore., Karnataka, India – 560049
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Aspen Steel Private Limited, buy the company report.

Comprehensive company report
Aspen Steel Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Aspen Steel is manufacturing. In detail, this covers manufacture of fabricated metal products, except machinery and equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing25Manufacture of fabricated metal products, except machinery and equipment

To see the full business activity and turnover split of Aspen Steel Private Limited, buy the company report.

Financials of Aspen Steel Private Limited

FY 2025 filings available

Aspen Steel Private Limited reported revenue of ₹12.73 Cr (up 4% YoY) for FY 2025.

Revenue · FY 2025
₹12.73 Cr ▲ 4%
Net profit · FY 2025
₹24.38 Lakh margin 1.9%
EBITDA · FY 2025
₹2.62 Cr margin 20.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 22%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 24%
5 years · compounded
▲ 48%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 4% growth in the latest year. EBITDA fell 16% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.62 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹24.38 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin20.6%
Net Profit Margin1.9%
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 Aspen Steel Private Limited, buy the company report.

Board of directors of Aspen Steel Private Limited

Aspen Steel has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shradha Agarwal
Also directs: Gaj Logistics India Private Limited, Ekyam Ventures Private Limited
Director16 Apr 201115 Years 6 MonthsCurrent
Suman AgarwalDirector16 Apr 201115 Years 6 MonthsCurrent
Gautam Agarwal
Also directs: Gaj Logistics India Private Limited, Ekyam Ventures Private Limited
Director01 Apr 200521 Years 7 MonthsCurrent
View all directors

Auditor

Aspen Steel Private Limited is audited by KUMBHAT & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KUMBHAT & COFY 2023001609S

Shareholding

The shareholding of Aspen 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Aspen Steel Private Limited, buy the company report.

Charges & borrowings

Open charges
₹11.38 Cr
Satisfied charges
₹5.74 Cr
Breakdown by lending institutions
Others₹5.03 Cr
Sidbi₹3.39 Cr
Axis Bank Limited₹2.97 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Apr 2025101103162Sidbi₹88.5 LakhOpen
05 Sep 2023100772991Sidbi₹2.5 CrOpen
03 Feb 2020100325960Others₹5.03 CrOpen
30 Jul 2019100280432Axis Bank Limited₹27.26 LakhOpen
19 Dec 201410538391Axis Bank Limited₹2.7 CrOpen

To see the full charge records of Aspen Steel Private Limited, buy the company report.

Total charge records: 10 View all charges

MSME payment delays

Aspen Steel Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
an individual supplier

To see the full MSME payment records of Aspen Steel Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Aspen Steel Private Limited has a workforce of 16 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
16
Active EPFO establishments
1
Employee growth
-5.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2716
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19

To see the full employee and EPFO history of Aspen Steel Private Limited, buy the company report.

GST

Aspen Steel has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCA4807H1ZSKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Aspen Steel Private Limited, buy the company report.

Recent activity

Aspen Steel Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Suman Agarwal ceased to be Additional Director on 30 Sep 2011.

AGM
Aspen Steel Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 27 Feb 2024 via Charge ID 100886051 with Others was fully satisfied on 22 May 2025.
Charges
A charge with Sidbi amounted to Rs. 88.50 Lakh with Charge ID 101103162 was registered on 25 Apr 2025.
Filing
Aspen Steel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 502.72 Lakh registered on 03 Feb 2020 with Charge ID 100325960 was modified on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 380.00 Lakh with Charge ID 100886051 was registered on 27 Feb 2024.
Charges
A charge with Sidbi amounted to Rs. 250.00 Lakh with Charge ID 100772991 was registered on 05 Sep 2023.
Charges
A charge with Others amounted to Rs. 502.72 Lakh with Charge ID 100325960 was registered on 03 Feb 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 27.26 Lakh with Charge ID 100280432 was registered on 30 Jul 2019.
Charges
A charge with Axis Bank Limited of Rs. 270.00 Lakh registered on 19 Dec 2014 with Charge ID 10538391 was modified on 24 Jan 2019.
Charges
A charge registered on 16 Jan 2013 via Charge ID 10400439 with Karnataka State Financial Corporation was fully satisfied on 14 Jan 2015.
Charges
A charge registered on 28 Jun 2008 via Charge ID 10116844 with Karnataka State Financial Corporation was fully satisfied on 14 Jan 2015.

14 earlier events are in the company report.

Frequently asked questions

Aspen Steel is an active private limited company based in Bangalore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 February 1996 (30+ years old) and is registered under CIN U65993KA1996PTC019882.

Aspen Steel has 3 current directors:

The latest financial statements of Aspen Steel 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 Aspen Steel is 29AABCA4807H1ZS, registered in Karnataka.

The CIN (Corporate Identification Number) of Aspen Steel is U65993KA1996PTC019882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Aspen Steel has 7 court cases on record: 5 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

Aspen Steel was incorporated on 20 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.

Suman Agarwal ceased to be Additional Director on 30 Sep 2011. Ishwar Agarwal ceased to be Director on 16 Apr 2011. Sachin Agarwal ceased to be Director on 16 Apr 2011. Aspen Steel has 6 board changes on record in total.

Yes, Aspen Steel is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0038126).

Aspen Steel has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 09 Jun 2019.

Aspen Steel can be reached through the website aspensteel.in. Its registered office is in Bangalore, Karnataka, India.