MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-18-0001170
Bansidhar Ispat Private Limited
Bansidhar Ispat Private Limited - metals and minerals in Sidhpur, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹17.82 Cr
▲ 55% YoY
Net profit · FY 2023
₹5.08 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹55.11 Lakh
EBITDA margin 3.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹13.73 Cr
Satisfied ₹7.55 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
7
Provident fund records
About Bansidhar Ispat Private Limited
Data last updated:
Bansidhar Ispat Private Limited is a private limited company based in Sidhpur, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ2011PTC067129. Its GSTIN is 24AAECB6850C1Z1 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Anandkumar Popatlal Panchal and Ravi Dahyabhai Panchal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. 226 GIDC Sidhpur State Highway, Gujarat, India – 384265.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.82 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹5.08 Lakh (net margin 0.3%) and EBITDA of ₹55.11 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.73 Cr and satisfied charges of ₹7.55 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 5 cases are pending.
Bansidhar Ispat Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-18-0001170). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27109GJ2011PTC067129
Registration Number 067129
Incorporation Date 14 September 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-18-0001170
Key People
Sureshbhai Panchal Additional Director Anandkumar Popatlal Panchal Director Ravi Dahyabhai Panchal Director Recognitions & Rankings of Bansidhar Ispat
Contact details
Bansidhar Ispat Private Limited's registered office is in Sidhpur, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 226 GIDC Sidhpur State Highway, Gujarat, India – 384265
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Bansidhar Ispat Private Limited, buy the company report.
Comprehensive company report
Bansidhar Ispat Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Bansidhar Ispat is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Bansidhar Ispat Private Limited, buy the company report.
Financials of Bansidhar Ispat Private Limited
FY 2023 filings availableBansidhar Ispat Private Limited reported revenue of ₹17.82 Cr (up 55% YoY) for FY 2023.
Revenue · FY 2023
₹17.82 Cr ▲ 55%
Net profit · FY 2023
₹5.08 Lakh margin 0.3%
EBITDA · FY 2023
₹55.11 Lakh margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▼ 4%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 48%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 55% growth in the latest year. EBITDA fell 9% 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 | ₹17.82 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.08 Lakh | ||||
| 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 | 3.1% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Bansidhar Ispat Private Limited, buy the company report.
Board of directors of Bansidhar Ispat Private Limited
Bansidhar Ispat has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshbhai Panchal | Additional Director | 28 Sep 2011 | 15 Years 1 Months | Current |
| Anandkumar Popatlal Panchal | Director | 14 Sep 2011 | 15 Years 1 Months | Current |
| Ravi Dahyabhai Panchal | Director | 17 Sep 2016 | 10 Years 1 Months | Current |
| Nigneshbhai Sureshbhai Panchal | Director | 14 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Bansidhar Ispat Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirmal Inductocast Private Limited | ₹17.88 Cr (FY 2019) | -63.0% | Jaipur, Rajasthan, India | |||
| Hemkunt Iron and Steel Pvt Ltd | ₹17.87 Cr (FY 2025) | -79.0% | Himachal Pardesh, Himachal Pradesh, India | |||
| Bansidhar Ispat Private Limitedthis company | ₹17.82 Cr (FY 2023) | ₹5.08 Lakh | 0.3% | 55.0% | 7 | Sidhpur, Gujarat, India |
| Vividium Steel Private Limited | ₹17.73 Cr (FY 2025) | 10.0% | Gandhinagar, Gujarat, India | |||
| Kapur Sons Steels Pvt Ltd | ₹17.5 Cr (FY 2025) | -2.0% | Bhawanigarh, Punjab, India |
To see the full peer comparison of Bansidhar Ispat Private Limited, buy the company report.
Auditor
Bansidhar Ispat Private Limited is audited by Virendra Chinubhai & Co, for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Virendra Chinubhai & Co, | FY 2023 | 111567W |
Shareholding
The shareholding of Bansidhar Ispat Private 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 Bansidhar Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.73 Cr
Satisfied charges
₹7.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2023 | 100830200 | Canara Bank | ₹8.23 Cr | Open | |
| 27 Jul 2020 | 100437966 | Others | ₹5.5 Cr | Open | |
| 04 Nov 2016 | 100063625 | Yes Bank Limited | ₹4 Cr | Satisfied | |
| 12 Mar 2012 | 10344182 | Bank of Baroda | ₹3.55 Cr | Satisfied |
To see the full charge records of Bansidhar Ispat Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Bansidhar Ispat Private Limited has 6 court cases on record: 6 filed against it. 5 cases are pending and 1 is disposed.
Total cases
6
Filed against the company
6
Pending
5
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 5 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Cholamandalam Investment and Finance Company Ltd | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Godrej Finance Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Ltd. | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Hero Fincorp Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
To see the full case history of Bansidhar Ispat Private 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
Bansidhar Ispat Private Limited has 5 MSME Form 1 returns on record for the period ending Mar 2019, listing 21 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Apollo Inffratech Private Limited | |||
| Shree Chamunda Coal Private Limited | |||
| Creative Carbon Private Limited | |||
| Arihant Enterprise |
To see the full MSME payment records of Bansidhar Ispat Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bansidhar Ispat Private Limited has a workforce of 7 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-12.5%
GST
Bansidhar Ispat has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECB6850C1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AAECB6850C1DA | Gujarat | Active | 26 Nov 2024 |
To see the full GST registrations and return filing status of Bansidhar Ispat Private Limited, buy the company report.
Recent activity
Bansidhar Ispat Private Limited has 8 board changes on record since 2011: 4 appointments and 4 cessations. The latest: Nigneshbhai Sureshbhai Panchal ceased to be Director on 08 Jan 2025.
Ceased
Nigneshbhai Sureshbhai Panchal ceased to be Director.
Ceased
Popatlal Keshavlal Panchal ceased to be Director.
Charges
A charge with Canara Bank of Rs. 8.23 Cr registered on 24 Nov 2023 with Charge ID 100830200 was modified on 15 Dec 2023.
Charges
A charge with Canara Bank amounted to Rs. 8.23 Cr with Charge ID 100830200 was registered on 24 Nov 2023.
AGM
Bansidhar Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Bansidhar Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 5.50 Cr registered on 27 Jul 2020 with Charge ID 100437966 was modified on 15 Feb 2021.
Charges
A charge with Others amounted to Rs. 5.50 Cr with Charge ID 100437966 was registered on 27 Jul 2020.
Charges
A charge registered on 04 Nov 2016 via Charge ID 100063625 with Yes Bank Limited was fully satisfied on 04 Jul 2020.
Charges
A charge with Yes Bank Limited of Rs. 4.00 Cr registered on 04 Nov 2016 with Charge ID 100063625 was modified on 24 Jun 2019.
Charges
A charge registered on 12 Mar 2012 via Charge ID 10344182 with Bank Of Baroda was fully satisfied on 07 Apr 2017.
Charges
A charge with Yes Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100063625 was registered on 04 Nov 2016.
9 earlier events are in the company report.
Frequently asked questions
Bansidhar Ispat is an active private limited company based in Sidhpur, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 September 2011 (15+ years old) and is registered under CIN U27109GJ2011PTC067129.
Bansidhar Ispat has 4 current directors:
- Sureshbhai Panchal - Additional Director
- Anandkumar Popatlal Panchal - Director
- Ravi Dahyabhai Panchal - Director
- Nigneshbhai Sureshbhai Panchal - Director
The latest financial statements of Bansidhar Ispat on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Bansidhar Ispat is 24AAECB6850C1Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECB6850C1DA (Gujarat).
The CIN (Corporate Identification Number) of Bansidhar Ispat is U27109GJ2011PTC067129. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bansidhar Ispat has 6 court cases on record: 6 filed against it. 5 are pending.
Bansidhar Ispat was incorporated on 14 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Bansidhar Ispat by revenue are Nirmal Inductocast Private Limited, Hemkunt Iron and Steel Pvt Ltd, Vividium Steel Private Limited, Kapur Sons Steels Pvt Ltd, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Nigneshbhai Sureshbhai Panchal ceased to be Director on 08 Jan 2025. Popatlal Keshavlal Panchal ceased to be Director on 14 Mar 2024. Ravi Dahyabhai Panchal ceased to be Additional Director on 30 Sep 2016. Bansidhar Ispat has 8 board changes on record in total.
Yes, Bansidhar Ispat is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-18-0001170).
Bansidhar Ispat has 5 MSME Form 1 returns on record for the period ending Mar 2019, listing 21 overdue payments to 4 micro and small suppliers. The latest return was filed on 23 Aug 2019.
The registered office of Bansidhar Ispat is at Plot No. 226 GIDC Sidhpur State Highway, Gujarat, India – 384265.
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