About Essar Steel
Essar Steel is a company based in Mumbai (India) founded in 2003 was acquired by ArcelorMittal in July 2019.. The company has 274 employees as of March 31, 2024.
- Headquarter Mumbai, India
- Employees 274 as on 31 Mar, 2024
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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 Essar Steel Services (Odisha) Private Limited
- Date of Incorporation 30 Jul, 2014
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$591.08 K (USD)-6.65as on Mar 31, 2020
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Net Profit
$13.84 K (USD)-8.97as on Mar 31, 2020
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EBITDA
$23.15 K (USD)0.41as on Mar 31, 2020
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Latest Funding Round
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Investors
ArcelorMittal
& 1 more
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Employee Count
274
as on Mar 31, 2024
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Acquired by
ArcelorMittal
(Jul 04, 2019)
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Funding Insights of Essar Steel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Essar Steel
Essar Steel has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ArcelorMittal and Nippon Steel. 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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Steel bars, plates, and pipes are manufactured and supplied.
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Founded Year | Domain | Location | |
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Manufacturer & supplier of steel products and iron ore mining materials
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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 Essar Steel
| 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 - Essar Steel
| 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 |
Essar Steel Comparisons
Competitors of Essar Steel
| 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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Latest news on Essar Steel
Frequently Asked Questions about Essar Steel
When was Essar Steel founded?
Essar Steel was founded in 2003.
Where is Essar Steel located?
Essar Steel is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Essar Steel?
Jatinder Mehra is the current CEO of Essar Steel.
How many employees does Essar Steel have?
As of Mar 31, 2024, the latest employee count at Essar Steel is 274.
What is the annual revenue of Essar Steel?
Annual revenue of Essar Steel is $591.08K as on Mar 31, 2020.
What does Essar Steel do?
Essar Steel was founded in 2003 and is headquartered in Mumbai, India. Operations focus on the production of flat carbon steel products, including hot-rolled coils, cold-rolled sheets, galvanized items, color-coated sheets, plate mills, pipes, welded beams, burnt-to-shape plates, trapezoidal plates, and chequered plates. Services such as application engineering and quality control are also provided to support customer needs in the steel sector.
Who are Essar Steel's investors?
Essar Steel has 2 investors. Key investors include ArcelorMittal, and Nippon Steel.