B S Ispat Limited
About B S Ispat Limited
Data last updated:
B S Ispat Limited is a public limited company based in Chandrapur, Maharashtra, India, a subsidiary of Sameer Infodot Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 December 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1999PLC122856. Its GSTIN is 27AACCB2665H1ZQ (Maharashtra).
The company has an authorised share capital of ₹185 Cr and a paid-up capital of ₹182.46 Cr. It is led by directors including Bhawani Prasad Mishra (Managing Director) and Ashish Pandit.
Its last annual general meeting (AGM) was held on 23 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Khasara No. 97 101 190 Village Salori Yensa Post Chinora Tah. Warora, Chandrapur, Maharashtra, India – 442914.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.76 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹20.62 Lakh (net margin -0.5%) and EBITDA of ₹15.97 Cr (EBITDA margin 35.7%). Revenue has grown at a compounded annual rate (CAGR) of 178% 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 ₹15 Cr and satisfied charges of ₹153.16 Cr on record. Court records list 111 cases involving the company, including 36 filed by the company and 75 filed against it; 42 cases are pending. The company has 14 deals on record (9 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹229.41 Cr; the latest was in December 2022.
Company details
Contact details
B S Ispat Limited's registered office is in Chandrapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKhasara No. 97 101 190 Village Salori Yensa Post Chinora Tah. Warora, Chandrapur, Maharashtra, India – 442914
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Mining & Mineral Extraction
To see the full contact details of B S Ispat 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 activities of B S Ispat are manufacturing and electricity, gas, steam and air conditioning supply. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations and electricity, gas, steam and air conditioning supply. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations | |
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of B S Ispat Limited, buy the company report.
Financials of B S Ispat Limited
FY 2022 filings availableB S Ispat Limited reported revenue of ₹44.76 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 178%. EBITDA rose 201% 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 | ₹15.97 Cr | ||||
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| Net Profit (PAT) | -₹20.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 35.7% | ||||
| Net Profit Margin | -0.5% | ||||
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To see the full financial statements and ratios of B S Ispat Limited, buy the company report.
Board of directors of B S Ispat Limited
B S Ispat has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Pandit | Director | 30 Dec 2011 | 14 Years 9 Months | As last reported |
| Bhawani Prasad Mishra Also directs: Gondwana Ispat Limited, Sameer Infodot Private Limited, Alliance Integrated Metaliks Limited and 3 more | Managing Director | 24 May 2018 | 8 Years 5 Months | As last reported |
| Aditya Malhotra Also directs: Satelite Forging Private Limited, Ferroxtech Metalcraft LLP | Director | 30 Dec 2011 | 14 Years 9 Months | As last reported |
Auditor
B S Ispat Limited is audited by Shreyash Agrawal & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shreyash Agrawal & Co | FY 2022 | 027777C |
Shareholding
The shareholding of B S Ispat Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of B S Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2021 | 100488564 | Others | ₹15 Cr | Open | |
| 30 Mar 2015 | 10562893 | Others | ₹32.15 Cr | Satisfied | |
| 07 Jan 2011 | 10263857 | Kotak Mahindra Bank Limited | ₹63.19 Lakh | Satisfied | |
| 29 Dec 2010 | 10267581 | Kotak Mahindra Bank Limited | ₹37.8 Lakh | Satisfied | |
| 18 Aug 2009 | 10175853 | Idbi Bank Limited | ₹120 Cr | Satisfied |
To see the full charge records of B S Ispat Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
B S Ispat Limited has 14 deals on record (9 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹229.41 Cr; the latest was in December 2022.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round | ₹103.35 Cr | Investors: Sameer Infodot Private Limited , WLD Investment Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Sameer Infodot Private Limited Seller: Oriental Iron Castings Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Oriental Iron Castings Limited Seller: Sameer Infodot Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Sameer Infodot Private Limited Seller: Oriental Iron Castings Limited |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Sameer Infodot Private Limited Seller: Meltron Vincom Pvt Ltd , Rose Fiscal Services Private Limited |
To see the full deal history of B S Ispat 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
B S Ispat Limited has 111 court cases on record: 36 filed by B S Ispat, 75 filed against it. 42 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 46 | 30 | 9 |
| District courts | 39 | 28 | 18 |
| NCLAT | 23 | 14 | 14 |
| Supreme Court | 2 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by Avaneesh Logistics Pvt Ltd THR Director Anil Sapra | Pending |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by Sapra Transport Pvt Ltd THR Director Anil Sapra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Armaco Logistics Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Armaco Logistics Private Limited | Pending |
| District court, Chandrapur, Maharashtra | Court case (Civil M.A.) | Filed by the company against Indounique Flame Limited | Pending |
To see the full case history of B S Ispat 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 B S Ispat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
B S Ispat Limited has a workforce of 16 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
B S Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB2665H1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of B S Ispat Limited, buy the company report.
Recent activity
B S Ispat Limited has 18 board changes on record since 2007: 4 appointments and 14 cessations. The latest: Sandeep Kumar Likhamania ceased to be Company Secretary on 29 Dec 2023.
20 earlier events are in the company report.
Frequently asked questions
B S Ispat is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
B S Ispat is a company under insolvency, formerly operating as a public limited company based in Chandrapur, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 December 1999 and is registered under CIN U27100MH1999PLC122856. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
B S Ispat has 3 current directors:
- Bhawani Prasad Mishra - Managing Director
- Ashish Pandit - Director
- Aditya Malhotra - Director
The latest financial statements of B S Ispat on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 23 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of B S Ispat is U27100MH1999PLC122856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B S Ispat has open charges of ₹15 Cr and satisfied charges of ₹153.16 Cr as per latest MCA filings.
B S Ispat has 111 court cases on record: 36 filed by the company and 75 filed against it. 42 are pending. Most are in the high courts.
B S Ispat was incorporated on 01 December 1999. It is registered with the Registrar of Companies, Mumbai.
B S Ispat has 14 deals on record (9 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹229.41 Cr; the latest was in December 2022.
Sandeep Kumar Likhamania ceased to be Company Secretary on 29 Dec 2023. Sagar Ramchandra Kasangottuwar was appointed as CFO on 01 Mar 2022. Yogesh Kapur ceased to be Director on 01 Sep 2021. B S Ispat has 18 board changes on record in total.