Balasore Alloys Limited - Company Profile

Q: Who are the current directors of Balasore Alloys Limited?

The current directors of Balasore Alloys Limited are Pankaj Kumar Agarwal, Rajib Das, Pankaj Kumar Agarwal, Paramesh Bhattacharya, Ketan Vasant Kale, Naga Raju Chikali, Debasish Ganguly, Pravakar Mohanty, Shiv Kumar Dabriwala, Pankaj Kapoor, Rajendra Kumar Parakh, Ramen Raymandal, Arun Kumar Jain, Nisha Jain.

It is a metals and minerals public limited company based in Balasore, Orissa, India, established in 1984.

1984 Balasore, Orissa, India Active

Last Updated: January 10, 2026

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About Balasore Alloys Limited

Balasore Alloys Limited, a active public limited company, was established on 31 May 1984 in Balasore, Orissa, India. Engaging in metal manufacturing & processing within the manufacturing sector, it holds CIN: L27101OR1984PLC001354. Registered under ROC Roc Cuttack. it is listed on BSE: 513142. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹46.66 Cr.

Formerly known as Ispat Alloys Limited. It upholds a compliant status. In 2023, it reported revenue of ₹401.33 Cr and a net worth of ₹561.98 Cr. Employing 563 professional, Its leadership includes Pankaj Kumar Agarwal (Nodal Officer), Rajib Das (Director), Pankaj Kumar Agarwal (Company Secretary). Past directors included Ram Nath Pandey, Mrutyunjaya Mohanty, Vartika Mittal Goenka. It holds ₹585.59 Cr open charges and ₹841.38 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at Balgopalpur Balasore, Balasore, Orissa, 756020.

Company Details

CIN/LLPIN
L27101OR1984PLC001354
Registration Number
001354
Incorporation Date
31 May 1984
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹46.66 Cr
ROC Code
Roc Cuttack
Listing Status
Listed (BSE: 513142)
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 10-01-2026
Paid Up Capital ₹ 46.66 Cr as on 10-01-2026
Company Age 41 Year, 8 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 585.59 Cr as on 10-01-2026
Satisfied Charges ₹ 841.38 Cr as on 10-01-2026
Revenue Growth **** 257.59% (FY 2023)
Profit Growth **** -194.91% (FY 2023)
Ebitda **** -120.29% (FY 2023)
Net Worth -23.15% (FY 2023)
Total Assets **** 13.79% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Balasore Alloys Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Balasore Alloys Limited?

Current Directors

Name	Designation	Appointment Date	Status
Pankaj Kumar Agarwal	Nodal Officer	17 Aug 2023	Current
Rajib Das	Director	02 Apr 2021	Current
Pankaj Kumar Agarwal	Company Secretary	21 Apr 2023	Current
Paramesh Bhattacharya	Director	08 Jul 2021	Current
Ketan Vasant Kale	Director	13 Aug 2024	Current
Naga Raju Chikali	Whole-Time Director	28 Mar 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	17 May 2011	Past
Pramod Abcsdd	Cfo	23 Nov 2017	Past
Pramod Abcsdd	Director	29 May 2016	Past
Pramod Abcsdd	Additional Director	27 Sep 2019	Past
Pramod Abcsdd	Managing Director	11 Nov 2011	Past
Pramod Abcsdd	Director	22 Aug 2017	Past

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Financial Performance of Balasore Alloys.

Balasore Alloys Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 257.59% increase. The company also saw a substantial fall in profitability, with a 194.91% decrease in profit. The company's net worth observed a substantial decline by a decrease of 23.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

257.59%

*******

Revenue from Operations

*******

273.65%

*******

Total Assets

*******

13.79%

*******

Profit or Loss

*******

-194.91%

*******

Net Worth

*******

-23.15%

*******

EBITDA

*******

-120.29%

*******

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What is the Ownership and Shareholding Structure of Balasore Alloys?

In 2023, Balasore Alloys had a promoter holding of 61.44% and a public holding of 38.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹5,855,891,547.00

Satisfied Charges

₹8,413,757,923.00

Charges Breakdown by Lending Institutions

State Bank Of India : 646.69 Cr
Others : 105.87 Cr
Sbicap Trustee Company Limited : 46.86 Cr
State Bank Of Hyderabad : 27.89 Cr
Allahabad Bank : 10.50 Cr
Others : 3.57 Cr

Latest Charge Details

Date	Lender	Amount	Status
21 Jun 2018	State Bank Of India	₹1.20 M	Satisfied
11 Jun 2018	Others	₹3.51 M	Satisfied
06 Jun 2018	State Bank Of India	₹2.10 M	Satisfied
27 Mar 2017	Others	₹13.00 Cr	Satisfied
03 Mar 2017	Others	₹3.19 Cr	Satisfied

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How Many Employees Work at Balasore Alloys?

Balasore Alloys has a workforce of 563 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Balasore Alloys, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Balasore Alloys's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Balasore Alloys

Recent Activity within the Organization

Director Appointment

Progress on Nisha Jain was appointed as a Director was appointed as a Director on 09 Dec 2025 & has been associated with this company since 2 months 15 days . was documented.
09 Dec 2025
Director Appointment

Arun Kumar Jain was appointed as a Managing Director was appointed as a Managing Director on 29 Apr 2025 & has been associated with this company since 9 months 25 days . was recorded as a recent event.
29 Apr 2025
Charges

A charge registered on 22 Apr 2015 via Charge ID 10572653 with Hinduja Leyland Finance Limited was fully satisfied on 02 Apr 2025. was recorded as a recent event.
02 Apr 2025
Charges

Progress on A charge registered on 25 Feb 2015 via Charge ID 10563009 with Hinduja Leyland Finance Limited was fully satisfied on 02 Apr 2025. was documented.
02 Apr 2025
Charges

A charge registered on 30 Jan 2015 via Charge ID 10563016 with Hinduja Leyland Finance Limited was fully satisfied on 02 Apr 2025. was recorded as a recent event.
02 Apr 2025
Charges

A charge registered on 24 Mar 2015 via Charge ID 10563015 with Hinduja Leyland Finance Limited was fully satisfied on 29 Mar 2025. was recorded as a recent event.
29 Mar 2025

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