About Orissa Metaliks
Orissa Metaliks is an Industrial Goods & Manufacturing company based in Kolkata (India). Iron and steel manufacturing, including sponge iron and power generation in India. It operates in the Industrial Goods & Manufacturing and Energy & Utilities sectors. Orissa Metaliks has raised $107.59 million across 2 funding rounds. The company has 1,813 employees. Its Indian entity Orissa Metaliks Private Limited reported revenue of ₹16,536 Cr. Orissa Metaliks offers products and services including Sponge Iron and Iron Ore Pellets. Its focus areas include Manufacturing, Metals and Mining, Iron and Steel Production and Sponge Iron Manufacturing.
Company details
Orissa Metaliks Private Limited is recognized as a leading iron and steel company in India, forming part of the Rashmi Group. Various units such as pellet plants, sponge iron facilities, steel melting shops, wire drawing operations, and captive power plants are operated by the company, which is based in Kolkata with factories in West Midnapore. Over 6000 employees are managed by the organization, and expansion efforts are undertaken for integration across the value chain, ensuring production of diverse iron and steel products for domestic and international markets.
- Headquarters Kolkata, India
- Employees 1,813
- SectorsIndustrial Goods & ManufacturingEnergy & Utilities
- Phone•••• ••••
- Website orissametaliks.com
- Legal Name Orissa Metaliks Private Limited
- Date of Incorporation 29 Jul, 2006
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹16,536 Cr
FY 2024 · +4% YoY
- Net Profit₹2,089 Cr
FY 2024 · 13% margin
- EBITDA₹3,096 Cr
FY 2024 · 19% margin
- Total Equity Funding$107.59M (USD)
in 2 rounds
- Latest Funding Round$77.25M (USD), Seed
Oct 2017
- Employee Count1,813
Associated legal entities of Orissa Metaliks
Orissa Metaliks operates through Orissa Metaliks Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Orissa Metaliks Private Limited CIN U27109WB2006PTC111146 | Active | 29 Jul 2006 | Kolkata, West Bengal | ₹16,536 Cr | 1,813 | 7 | View details |
Products & Services of Orissa Metaliks
Orissa Metaliks offers a comprehensive portfolio of products and services, including Sponge Iron and Iron Ore Pellets.
Sponge iron is produced using rotary kiln technology for steel manufacturing purposes.
Iron ore pellets are manufactured for use in blast furnaces and other steel production processes.
Funding Insights of Orissa Metaliks
Orissa Metaliks has successfully raised a total of $107.59M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $77.25 million completed in October 2017. 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 $107.59M
- Total Rounds 2
- Last Round Seed — $77.25M
- First Round $30.34M
(Mar 2017)
All 2 funding rounds of Orissa Metaliks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $77.25M | Seed | – | – | – |
| Mar 2017 | $30.34M | Series C | – | – | – |
Board of directors of Orissa Metaliks Private Limited (Orissa Metaliks)
Orissa Metaliks Private Limited is the primary company behind Orissa Metaliks. The board of Orissa Metaliks Private Limited currently have 6 directors; the longest-serving is Sraban Munian, appointed in 2018. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sraban Munian DIN 07755045 | Director | 01 Dec 2018 | 7 yrs 11 mo | Orissa Metaliks Private Limited |
| Bapi Samanta DIN 08327709 | Director | 10 Jan 2019 | 7 yrs 9 mo | Orissa Metaliks Private Limited |
| Sanjib Patwari DIN 00206853 | Director | 31 Jul 2024 | 2 yrs 3 mo | Orissa Metaliks Private Limited |
| Manish Kumar Bajaj DIN 00289981 | CFO | 13 Aug 2024 | 2 yrs 2 mo | Orissa Metaliks Private Limited |
| Uday Guha DIN 08858746 | Additional Director | 01 Nov 2025 | 1 yr | Orissa Metaliks Private Limited |
| Asoke Kumar Kundu DIN 11358476 | Additional Director | 01 Nov 2025 | 1 yr | Orissa Metaliks Private Limited |
Financials of Orissa Metaliks
Figures of Orissa Metaliks Private Limited, the primary company behind Orissa Metaliks, for FY 2024. Revenue was ₹16,536 Cr (+4% year on year). Net profit was ₹2,089 Cr (13% margin). EBITDA was ₹3,096 Cr (19% margin). Revenue has grown at a compounded annual rate of +27% over three years and +36% over five years.
- ₹16,536 CrRevenue · FY 2024 · +4% YoY
- ₹2,089 CrNet profit · 13% margin
- ₹3,096 CrEBITDA · 19% margin
- ₹1,509 CrPaid-up capital
- 1,813Employees (provident fund records)
- +27%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Orissa Metaliks Private Limited are on its company page.
Detailed financial statements for Orissa Metaliks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Orissa Metaliks
2 dated milestones of Orissa Metaliks, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $30.3M.
- Funding Latest funding round, Seed, of $77.2M.
Top companies in Metals & Minerals
3 companies that operate in the same segment as Orissa Metaliks (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 20.78 B | 78,760 |
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Frequently Asked Questions about Orissa Metaliks
Orissa Metaliks is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Orissa Metaliks is a funded company, having raised a total of $107.59M across 2 funding rounds to date. The company's 1st funding round was a Series C of $30.34M, raised on Mar 2017.
Orissa Metaliks has 1,813 employees.
The primary company behind Orissa Metaliks, Orissa Metaliks Private Limited, reported revenue of ₹16,536 Cr for FY 2024, up 4% year on year.
Orissa Metaliks Private Limited is recognized as a leading iron and steel company in India, forming part of the Rashmi Group. Various units such as pellet plants, sponge iron facilities, steel melting shops, wire drawing operations, and captive power plants are operated by the company, which is based in Kolkata with factories in West Midnapore. Over 6000 employees are managed by the organization, and expansion efforts are undertaken for integration across the value chain, ensuring production of diverse iron and steel products for domestic and international markets.
Orissa Metaliks offers Sponge Iron and Iron Ore Pellets.
Orissa Metaliks operates through Orissa Metaliks Private Limited.
The legal entities of Orissa Metaliks currently have 7 directors, including Sraban Munian, Bapi Samanta, Uday Guha and others.