About Danish Steel Clusters
Danish Steel Clusters is a company based in Bengaluru (India) founded in 2004, and was acquired by Sicagen in September 2016. Metal structures are fabricated for HVAC and diverse industries. Danish Steel Clusters has raised $1.08 million across 2 funding rounds from investors including Sicagen and IFU. The company has 2 employees. Its Indian entity Danish Steel Cluster Private Limited reported revenue of ₹55.7 Lakh.
Company details
Danish Steel Clusters was founded in 2004 and is based in Bengaluru, India. Metal fabrication services are provided for the HVAC sector, with structures customized to client specifications. Operations extend to industries such as wind energy, transportation including metro and railways, clinical equipment, food processing machinery, retail shop fitting, and general engineering applications. The facility is certified under ISO 9001-2008 standards.
- Headquarters Bengaluru, India
- Employees 2
- Stage Acquired
- Phone•••• ••••
- Website dscplindia.in
- Social LinkedIn
- Acquired by Sicagen (Sep 2016)
- Legal Name Danish Steel Cluster Private Limited
- Date of Incorporation 16 Jan, 2004
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Danish Steel Clusters
Danish Steel Clusters operates through Danish Steel Cluster Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Danish Steel Cluster Private Limited CIN U02710KA2004PTC033200 | Amalgamated | 16 Jan 2004 | Bangalore, Karnataka | ₹0.6 Cr | 2 | 3 | View details |
Funding Insights of Danish Steel Clusters
Danish Steel Clusters has successfully raised a total of $1.08M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.08 million completed in June 2004. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.08M
- Total Rounds 2
- Last Round Seed — $1.08M
- First Round $2.25M
(Jun 2004)
- Investors Count 1
All 2 funding rounds of Danish Steel Clusters with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Danish Steel Clusters
Danish Steel Clusters has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Sicagen and IFU.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Industrial packaging, shipbuilding, and infrastructure services are provided. | 2004 | sicagen.com | Chennai, India |
Investor details for Danish Steel Clusters
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Board of directors of Danish Steel Cluster Private Limited (Danish Steel Clusters)
Danish Steel Cluster Private Limited is the primary company behind Danish Steel Clusters. The board of Danish Steel Cluster Private Limited currently have 3 directors; the longest-serving is Bhimsingh Narendran, appointed in 2020. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhimsingh Narendran DIN 01159394 | Director | 13 Jun 2020 | 6 yrs 4 mo | Danish Steel Cluster Private Limited |
| Mariappa Nadar Rajamani DIN 00195006 | Director | 13 Jun 2020 | 6 yrs 4 mo | Danish Steel Cluster Private Limited |
| Varma Nandakumar DIN 09776904 | Director | 03 Nov 2022 | 4 yrs | Danish Steel Cluster Private Limited |
Financials of Danish Steel Clusters
Figures of Danish Steel Cluster Private Limited, the primary company behind Danish Steel Clusters, for FY 2023. Revenue was ₹55.7 Lakh (-91% year on year). Net loss was -₹1.8 Lakh (-3% margin). EBITDA was -₹43,200 (-1% margin). Revenue has grown at a compounded annual rate of -70% over three years and -54% over five years.
- ₹55.7 LakhRevenue · FY 2023 · -91% YoY
- -₹1.8 LakhNet loss · -3% margin
- -₹43,200EBITDA · -1% margin
- ₹7.08 CrPaid-up capital
- 2Employees (provident fund records)
- -70%Revenue CAGR, 3 years
- -54%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Danish Steel Cluster Private Limited are on its company page.
Detailed financial statements for Danish Steel Clusters
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Timeline of Danish Steel Clusters
3 dated milestones of Danish Steel Clusters across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Danish Steel Clusters is founded.
- Funding First funding round of $2.3M.
- Exit Acquired by Sicagen.
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Related news about Danish Steel Clusters
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Frequently Asked Questions about Danish Steel Clusters
Danish Steel Clusters was founded in 2004.
Danish Steel Clusters is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Danish Steel Clusters is a funded company, having raised a total of $1.08M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.25M, raised on Jun 2004.
Danish Steel Clusters has 2 employees.
The primary company behind Danish Steel Clusters, Danish Steel Cluster Private Limited, reported revenue of ₹55.7 Lakh for FY 2023, down 91% year on year.
Danish Steel Clusters was founded in 2004 and is based in Bengaluru, India. Metal fabrication services are provided for the HVAC sector, with structures customized to client specifications. Operations extend to industries such as wind energy, transportation including metro and railways, clinical equipment, food processing machinery, retail shop fitting, and general engineering applications. The facility is certified under ISO 9001-2008 standards.
Danish Steel Clusters operates through Danish Steel Cluster Private Limited.
Yes. Danish Steel Clusters was acquired by Sicagen in September 2016.
The legal entities of Danish Steel Clusters currently have 3 directors, including Bhimsingh Narendran, Varma Nandakumar, Mariappa Nadar Rajamani.