About Chromeni Steels
Chromeni Steels is a company based in Ahmedabad (India) founded in 2017 was acquired by Jindal Stainless in May 2024.. The company has 15 employees as of April 08, 2024.
- Headquarter Ahmedabad, India
- Employees 15 as on 08 Apr, 2024
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
*********
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Website
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Social
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- Legal Name Chromeni Steels Limited
- Date of Incorporation 20 Jun, 2017
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$1.03 M (USD)-99.34as on Mar 31, 2022
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Net Profit
$-20 M (USD)-133.07as on Mar 31, 2022
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EBITDA
$-2.57 M (USD)-140.83as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
15
as on Apr 08, 2024
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Acquired by
Jindal Stainless
(May 01, 2024)
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Funding Insights of Chromeni Steels
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chromeni Steels
Chromeni Steels has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Jindal Stainless. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Manufacturer and distributor recyclability of stainless steel products
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chromeni Steels
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chromeni Steels
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chromeni Steels Comparisons
Competitors of Chromeni Steels
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Chromeni Steels
When was Chromeni Steels founded?
Chromeni Steels was founded in 2017.
Where is Chromeni Steels located?
Chromeni Steels is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
How many employees does Chromeni Steels have?
As of Apr 08, 2024, the latest employee count at Chromeni Steels is 15.
What is the annual revenue of Chromeni Steels?
Annual revenue of Chromeni Steels is $1.03M as on Mar 31, 2022.
What does Chromeni Steels do?
Manufacturer of stainless steel products in India, offering cold rolled and hot rolled coils in 200 300 series. Largest joint venture in the stainless steel industry, with a focus on quality and innovation. Headquarters located in Mundra, Gujarat, India.
Who are Chromeni Steels's investors?
Chromeni Steels has 1 investor. Key investors include Jindal Stainless.