Bajrangbali Sponge and Power Limited
About Bajrangbali Sponge and Power Limited
Data last updated:
Bajrangbali Sponge and Power Limited is a public limited company based in Rourkela, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 24 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2000PLC006364. Its GSTIN is 21AACCK1552A1ZF (Odisha). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹28.02 Cr. It was formerly known as Bajrangbali Industries Limited and Kalinga Sponge Iron Limited. It is led by directors including Prem Chand Agarwal (Managing Director) and Dolly Prasad.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.82 Sector – A Idc Kalunga District: Sundergarh, Rourkela, Odisha, India – 770031.
As per the financials filed for FY 2023, the company reported a revenue of ₹575.41 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹11.38 Cr (net margin 2%) and EBITDA of ₹21.99 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 87% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹79.25 Cr and satisfied charges of ₹27.6 Cr on record. Court records list 25 cases involving the company, including 15 filed by the company and 10 filed against it; 13 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹24.09 Cr; the latest was in April 2020.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Bajrangbali Sponge and Power has undergone 3 name changes throughout its history. The company was previously known as Bajrangbali Industries Limited, Kalinga Sponge Iron Limited, and Bajrangbali Ferro Alloys Limited. The current legal name is Bajrangbali Sponge And Power Limited.
| Company Name | Status |
|---|---|
| Bajrangbali Sponge and Power Limited | Current |
| Bajrangbali Industries Limited | Previous |
| Kalinga Sponge Iron Limited | Previous |
| Bajrangbali Ferro Alloys Limited | Previous |
Contact details
Bajrangbali Sponge and Power Limited's registered office is in Rourkela, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.82 Sector – A Idc Kalunga District: Sundergarh, Rourkela, Odisha, India – 770031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Bajrangbali Sponge and Power 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
Financials of Bajrangbali Sponge and Power Limited
FY 2024 filings availableBajrangbali Sponge and Power Limited reported revenue of ₹575.41 Cr (up 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 87% over five years, including 1% growth in the latest year. EBITDA rose 34% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹575.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Bajrangbali Sponge and Power Limited, buy the company report.
Board of directors and KMP of Bajrangbali Sponge and Power Limited
Bajrangbali Sponge and Power Limited currently reports 8 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prem Chand Agarwal Also directs: Bee Pee Rollers Pvt Ltd, Bajrangbali Re-Rollers Private Limited, Bajrangbali Steel Industries Pvt Ltd and 4 more | Managing Director | 25 Jul 2017 | 9 Years 3 Months | Current |
| Dolly Prasad Also directs: B R Sponge and Power Limited, Pawanjay Sponge Iron Limited, Maa Mangla Ispat Private Limited and 2 more | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
| Sushil Kumar Pandey Also directs: Ganga Earth Resources Private Limited | Director | 07 Mar 2019 | 7 Years 7 Months | Current |
| Bijaya Kumar Panda | Director | 07 Mar 2019 | 7 Years 7 Months | Current |
| Veedant Agarwal | Director | 01 Dec 2025 | 0 Years 10 Months | Current |
| Akhil Kumar Agarwal Also directs: Bee Pee Rollers Pvt Ltd, Bajrangbali Re-Rollers Private Limited, Bajrangbali Projects Private Limited and 5 more | Director | 25 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Bajrangbali Sponge and Power Limited is audited by PAMS & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAMS & CO | FY 2023 | 126996W |
Shareholding
The shareholding of Bajrangbali Sponge and Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bajrangbali Sponge and Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101076982 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 31 Aug 2024 | 100980088 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 06 Apr 2024 | 100911175 | Hdfc Bank Limited | ₹1.2 Cr | Open | |
| 15 Nov 2023 | 100829693 | Hdfc Bank Limited | ₹2.39 Cr | Open | |
| 03 Nov 2023 | 100853578 | Hdfc Bank Limited | ₹15 Lakh | Open |
To see the full charge records of Bajrangbali Sponge and Power Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Bajrangbali Sponge and Power Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹24.09 Cr; the latest was in April 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Bajrangbali Steel Industries Pvt Ltd , Bajrangbali Re-Rollers Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Cacao Fields Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Bajrangbali Re-Rollers Private Limited Seller: Others - Bajrangbali Sponge And Power Limited, an individual |
| Aug 2017 | Funding round | ₹15 Cr | Investors: Bajrangbali Steel Industries Pvt Ltd |
| Mar 2010 | Funding round | ₹9.09 Cr | Investors: Afrochaster Merchants Pvt.Ltd. , Cacao Fields Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bajrangbali Sponge and Power Limited has 25 court cases on record: 15 filed by Bajrangbali Sponge and Power, 10 filed against it. 13 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 2 | 12 |
| District courts | 7 | 6 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Appeal | Filed by the company against Reliable Sponge Pvt. Ltd. Sundargarh and 11 others | Pending |
| High Court of Orissa | Writ petition | Filed by the company against M/S. TP Western Odisha Distribution Limited (Tpwodl), Sambalpur | Disposed |
| High Court of Orissa | Court case (OTAPL) | Filed against the company by Commissioner of Central Excise Customs and Service Tax, Rourkela Commissionerate | Pending |
| High Court of Orissa | Court case (OTAPL) | Filed against the company by Commissioner , CGST and Central Excise, Rourkela Commissionerate, Rourkela | Pending |
| District court, Sundargarh, Odisha | Court case (Criminal Mislaneous Rural) | Filed by the company against State of Odisha | Pending |
To see the full case history of Bajrangbali Sponge and Power 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 Bajrangbali Sponge and Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bajrangbali Sponge and Power has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Bajrangbali Sponge and Power Limited has a workforce of 94 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Bajrangbali Sponge and Power has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCK1552A1ZF | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bajrangbali Sponge and Power Limited, buy the company report.
Recent activity
Bajrangbali Sponge and Power Limited has 23 board changes on record since 2007: 9 appointments and 14 cessations. The latest: Veedant Agarwal was appointed as Director on 01 Dec 2025.
42 earlier events are in the company report.
Frequently asked questions
Bajrangbali Sponge and Power is an active public limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 24 October 2000 (26+ years old) and is registered under CIN U27102OR2000PLC006364.
Bajrangbali Sponge and Power has 9 current directors and KMP:
- Prem Chand Agarwal - Managing Director
- Dolly Prasad - Director
- Sushil Kumar Pandey - Director
- Bijaya Kumar Panda - Director
- Veedant Agarwal - Director
- Akhil Kumar Agarwal - Director
- Mansi Mehta - Director
- Amit Kumar Agarwal - Director
- Nibedita Mahapatra - Company Secretary
The latest financial statements of Bajrangbali Sponge and Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bajrangbali Sponge and Power is 21AACCK1552A1ZF, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Bajrangbali Sponge and Power is U27102OR2000PLC006364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bajrangbali Sponge and Power has 25 court cases on record: 15 filed by the company and 10 filed against it. 13 are pending. Most are in the high courts.
Bajrangbali Sponge and Power was incorporated on 24 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Cuttack.
Bajrangbali Sponge and Power has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹24.09 Cr; the latest was in April 2020.
Veedant Agarwal was appointed as Director on 01 Dec 2025. Mansi Mehta was appointed as Director on 01 Jun 2024. Keyur Nilesh Mehta ceased to be Director on 30 May 2024. Bajrangbali Sponge and Power has 23 board changes on record in total.
The registered office of Bajrangbali Sponge and Power is at Plot No.82 Sector – A Idc Kalunga District: Sundergarh, Rourkela, Odisha, India – 770031.