MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-18-0001932
Banspani Iron Ltd
Banspani Iron Ltd - environment in Keonjhar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹36.23 Cr
▼ 18% YoY
Net profit · FY 2025
₹7.79 Cr
Net margin 21.5%
EBITDA · FY 2025
₹18.63 Cr
EBITDA margin 51.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.7 Cr
Issued & subscribed
Open charges
₹85 Lakh
Satisfied ₹26.24 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
59
Provident fund records
About Banspani Iron Ltd
Data last updated:
Banspani Iron Ltd is a public limited company based in Keonjhar, Odisha, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 16 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U51420OR1994PLC003707. Its GSTIN is 21AAACB9152B1ZC (Odisha). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.7 Cr. It is led by directors including Saroj Kumar Patnaik (Whole-Time Director) and Sandip De.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Banaikala Joda, Keonjhar, Odisha, India – 758038.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.23 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹7.79 Cr (net margin 21.5%) and EBITDA of ₹18.63 Cr (EBITDA margin 51.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 10% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹85 Lakh and satisfied charges of ₹26.24 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it; 3 cases are pending.
Banspani Iron Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-18-0001932). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51420OR1994PLC003707
Registration Number 003707
Incorporation Date 16 September 1994
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-OD-18-0001932
Recognitions & Rankings of Banspani Iron
Contact details
Banspani Iron Ltd's registered office is in Keonjhar, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBanaikala Joda, Keonjhar, Odisha, India – 758038
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Banspani Iron Ltd, buy the company report.
Comprehensive company report
Banspani Iron Ltd - 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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Secure checkout · GST invoice included
Business activity
The main business activities of Banspani Iron are electricity, gas, steam and air condition supply and transport and storage. In detail, this covers electric power generation, transmission and distribution and services incidental to land, water & air transportation. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Banspani Iron Ltd, buy the company report.
Financials of Banspani Iron Ltd
FY 2025 filings availableBanspani Iron Ltd reported revenue of ₹36.23 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹36.23 Cr ▼ 18%
Net profit · FY 2025
₹7.79 Cr margin 21.5%
EBITDA · FY 2025
₹18.63 Cr margin 51.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 3%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 1%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 18% fall in the latest year. EBITDA fell 30% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹18.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.79 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.4% | ||||
| Net Profit Margin | 21.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Banspani Iron Ltd, buy the company report.
Board of directors and KMP of Banspani Iron Ltd
Banspani Iron Ltd currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip De Also directs: Rajdhani Farms Pvt Ltd | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Hirak Mazumder | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Saroj Kumar Patnaik Also directs: Patnaik Minerals Private Limited, Modern Mineral Processing Co Pvt Ltd, Stark Ridge Paper Private Limited and 5 more | Whole-Time Director | 16 Sep 1994 | 32 Years 1 Months | Current |
| Samish Kumar Mohanty | Company Secretary | 15 Jan 2002 | 24 Years 9 Months | Current |
| Ashutosh Mohanty Also directs: Rungta Sons Pvt Ltd, C T Mining Private Limited, Radhikapur (West) Coal Mining Private Limited and 5 more | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Banspani Iron Ltd is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Railway Construction, Wind Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dev-Dwarka Windproject Limited | ₹36.62 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Walwhan Urja Anjar Limited | ₹36.38 Cr (FY 2024) | 4.0% | Mumbai, Maharashtra, India | |||
| Banspani Iron Ltdthis company | ₹36.23 Cr (FY 2025) | ₹7.79 Cr | 21.5% | -18.0% | 59 | Keonjhar, Odisha, India |
| Engineered Power Resources India Private Limited | ₹35.95 Cr (FY 2025) | 49.0% | Bellary, Karnataka, India | |||
| Atria Wind Power (Savarakundla) Private Limited | ₹35.8 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Banspani Iron Ltd, buy the company report.
Auditor
Banspani Iron Ltd is audited by SRB & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRB & Associates | FY 2023 | 310009E |
Shareholding
The shareholding of Banspani Iron Ltd 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 Banspani Iron Ltd, buy the company report.
Charges & borrowings
Open charges
₹85 Lakh
Satisfied charges
₹26.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2022 | 100591739 | Hdfc Bank Limited | ₹85 Lakh | Satisfied | |
| 23 Mar 2021 | 100446371 | Hdfc Bank Limited | ₹1.88 Cr | Satisfied | |
| 27 Jul 2017 | 100135689 | Hdfc Bank Limited | ₹1.75 Cr | Satisfied | |
| 30 May 2017 | 100117878 | Hdfc Bank Limited | ₹1.75 Cr | Satisfied | |
| 20 Jul 2012 | 10367885 | Hdfc Bank Limited | ₹70 Lakh | Satisfied |
To see the full charge records of Banspani Iron Ltd, buy the company report.
Total charge records: 14 View all charges
Legal cases
Banspani Iron Ltd has 14 court cases on record: 9 filed by Banspani Iron, 5 filed against it. 3 cases are pending and 11 are disposed.
Total cases
14
Filed by the company
9
Filed against the company
5
Pending
3
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 3 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (MACMA) | Filed against the company by Bajaj Allianz General Insurance Co. Ltd | Pending |
| High Court, ORISSA | Court case (MACA) | Filed against the company by Champa Kishan M/S.S.Dei, S.Mohanty,K.C.Nayak and 2 others | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Union of India and Anur | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax and 5 others | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Banspani Iron Ltd, 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 Banspani Iron Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Banspani Iron has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Associated companies
Employees & EPFO
Banspani Iron Ltd has a workforce of 59 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
59
Active EPFO establishments
1
Employee growth
-50%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 59 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Banspani Iron Ltd, buy the company report.
GST
Banspani Iron has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACB9152B1ZC | Odisha | Active | 01 Jul 2017 |
| 24AAACB9152B1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banspani Iron Ltd, buy the company report.
Recent activity
Banspani Iron Ltd has 15 board changes on record since 1994: 5 appointments and 10 cessations. The latest: Samish Kumar Mohanty ceased to be Company Secretary on 15 Nov 2025.
Ceased
Samish Kumar Mohanty ceased to be Company Secretary.
Charges
A charge registered on 30 Jun 2022 via Charge ID 100591739 with Hdfc Bank Limited was fully satisfied on 06 Oct 2025.
AGM
Banspani Iron Ltd last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Banspani Iron Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge registered on 22 Oct 2007 via Charge ID 10165007 with Icici Bank Limited was fully satisfied on 20 Mar 2025.
Charges
A charge registered on 27 Jul 2017 via Charge ID 100135689 with Hdfc Bank Limited was fully satisfied on 28 Oct 2024.
Charges
A charge registered on 30 May 2017 via Charge ID 100117878 with Hdfc Bank Limited was fully satisfied on 28 Oct 2024.
Charges
A charge registered on 20 Jul 2012 via Charge ID 10367885 with Hdfc Bank Limited was fully satisfied on 28 Oct 2024.
Charges
A charge registered on 23 Mar 2021 via Charge ID 100446371 with Hdfc Bank Limited was fully satisfied on 24 Oct 2024.
Ceased
Ashutosh Mohanty ceased to be Additional Director.
Ceased
Hirak Mazumder ceased to be Additional Director.
Ceased
Sandip De ceased to be Additional Director.
38 earlier events are in the company report.
Frequently asked questions
Banspani Iron is an active public limited company based in Keonjhar, Odisha, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 16 September 1994 (32+ years old) and is registered under CIN U51420OR1994PLC003707.
Banspani Iron has 5 current directors and KMP:
- Saroj Kumar Patnaik - Whole-Time Director
- Sandip De - Director
- Hirak Mazumder - Director
- Ashutosh Mohanty - Director
- Samish Kumar Mohanty - Company Secretary
The latest financial statements of Banspani Iron on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Banspani Iron is 21AAACB9152B1ZC, registered in Odisha. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACB9152B1Z6 (Gujarat).
The CIN (Corporate Identification Number) of Banspani Iron is U51420OR1994PLC003707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banspani Iron has 14 court cases on record: 9 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Banspani Iron was incorporated on 16 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Banspani Iron by revenue are Dev-Dwarka Windproject Limited, Walwhan Urja Anjar Limited, Engineered Power Resources India Private Limited, Atria Wind Power (Savarakundla) Private Limited, all in the Infrastructure industry (Railway Construction, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Samish Kumar Mohanty ceased to be Company Secretary on 15 Nov 2025. Ashutosh Mohanty ceased to be Additional Director on 28 Sep 2023. Hirak Mazumder ceased to be Additional Director on 28 Sep 2023. Banspani Iron has 15 board changes on record in total.
Yes, Banspani Iron is registered as a small enterprise under Udyam registration (number: UDYAM-OD-18-0001932).
The registered office of Banspani Iron is at Banaikala Joda, Keonjhar, Odisha, India – 758038.
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