About Avask Steels Limited
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Avask Steels Limited is a public limited company based in Delhi, India, a subsidiary of Gulf Petrochem Fzc. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27100DL2013PLC251393. Its GSTIN is 07AAFCG1615D1Z4 (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.37 Cr. It was formerly known as Gulf Ispat Limited and Gp Global Steels Limited. It is led by directors including Surinder Kumar Gupta (Managing Director) and Anurag Gupta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085.
As per the financials filed for FY 2025, the company reported a revenue of ₹25,000. For the same year it recorded a net loss of ₹12.12 Cr and EBITDA of -₹16.81 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company has open charges of ₹449.28 Cr and satisfied charges of ₹7.3 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gulfispatltd.com.
Company details
Name history
Avask Steels has undergone 2 name changes throughout its history. The company was previously known as Gulf Ispat Limited, and Gp Global Steels Limited. The current legal name is Avask Steels Limited.
| Company Name | Status |
|---|---|
| Avask Steels Limited | Current |
| Gulf Ispat Limited | Previous |
| Gp Global Steels Limited | Previous |
Contact details
Avask Steels Limited's registered office is in Delhi, Delhi. Its website is gulfispatltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Avask Steels 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
Financials of Avask Steels Limited
FY 2024 filings availableAvask Steels Limited reported revenue of ₹25,000 for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years. EBITDA rose 95% 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 | -₹16.81 Lakh | ||||
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| Net Profit (PAT) | -₹12.12 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Avask Steels Limited, buy the company report.
Board of directors of Avask Steels Limited
Avask Steels has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Gupta Also directs: Aspam Food Cold Storage Private Limited, Nivaya Hotels Private Limited, New Horizons Logiware Private Limited and 5 more | Director | 29 Apr 2024 | 2 Years 6 Months | Current |
| Vandana Madhan Also directs: Trimula Industries Limited | Director | 27 May 2016 | 10 Years 5 Months | Current |
| Deepa Goyel Also directs: Aspam Food Cold Storage Private Limited, Amron Oil Resources Private Limited, Nivaya Hotels Private Limited and 5 more | Director | 10 Jun 2024 | 2 Years 5 Months | Current |
| Surinder Kumar Gupta Also directs: Trimula Industries Limited, Aspam Food Cold Storage Private Limited, New Horizons Logiware Private Limited and 5 more | Managing Director | 21 Nov 2020 | 5 Years 11 Months | Current |
Auditor
Avask Steels Limited is audited by Jain Mittal Chaudhary & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Mittal Chaudhary & Associates | FY 2023 | 015140N |
Shareholding
The shareholding of Avask Steels 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 Avask Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2018 | 100211387 | Others | ₹243.29 Cr | Open | |
| 13 Mar 2015 | 10573817 | Others | ₹205.99 Cr | Open | |
| 01 Aug 2013 | 10444260 | Canara Bank | ₹7.3 Lakh | Satisfied |
To see the full charge records of Avask Steels Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Avask Steels Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avask Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avask Steels has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Avask Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCG1615D1Z4 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avask Steels Limited, buy the company report.
Recent activity
Avask Steels Limited has 17 board changes on record since 2015: 4 appointments and 13 cessations. The latest: Anurag Gupta ceased to be Additional Director on 29 Sep 2024.
14 earlier events are in the company report.
Frequently asked questions
Avask Steels is an active public limited company based in Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 May 2013 (13+ years old) and is registered under CIN U27100DL2013PLC251393.
Avask Steels has 4 current directors:
- Surinder Kumar Gupta - Managing Director
- Anurag Gupta - Director
- Vandana Madhan - Director
- Deepa Goyel - Director
The latest financial statements of Avask Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avask Steels is 07AAFCG1615D1Z4, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Avask Steels is U27100DL2013PLC251393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avask Steels was incorporated on 02 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Anurag Gupta ceased to be Additional Director on 29 Sep 2024. Deepa Goyel ceased to be Additional Director on 29 Sep 2024. Deepa Goyel was appointed as Director on 10 Jun 2024. Avask Steels has 17 board changes on record in total.
Avask Steels can be reached through the website gulfispatltd.com. Its registered office is in Delhi, India.
The registered office of Avask Steels is at Unit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085.
Avask Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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