About Bhandari Steels Limited
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Bhandari Steels Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 17 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27105TN1999PLC043575. Its GSTIN is 33AABCB7563P1ZA (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.62 Cr. It was formerly known as Bhandari Steels Private Limited. It is led by directors including Jagdish Kumar Bhandari (Managing Director) and Makesh Shanmuganathan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 27B Mookar Nallamuthu Street Chennai – 1 Chennai – 1, Tamil Nadu, India – 600001.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.46 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹5.51 Cr (net margin -8.8%) and EBITDA of -₹4.69 Cr (EBITDA margin -7.5%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 9% over five years.
As per MCA filings, the company has satisfied charges of ₹38 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhandarigroup.org.
Company details
CIN history
Bhandari Steels has one previous CIN (Corporate Identification Number): U27105TN1999PTC043575. The current CIN is U27105TN1999PLC043575, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27105TN1999PLC043575 | Current |
| U27105TN1999PTC043575 | Previous |
Contact details
Bhandari Steels Limited's registered office is in Chennai, Tamil Nadu. Its website is bhandarigroup.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address27B Mookar Nallamuthu Street Chennai – 1 Chennai – 1, Tamil Nadu, India – 600001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Bhandari Steels 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
Business activity
The main business activity of Bhandari Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bhandari Steels Limited, buy the company report.
Financials of Bhandari Steels Limited
FY 2025 filings availableBhandari Steels Limited reported revenue of ₹62.46 Cr (up 63% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 63% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA fell 542% 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 |
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| EBITDA | -₹4.69 Cr | ||||
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| Net Profit (PAT) | -₹5.51 Cr | ||||
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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 | -7.5% | ||||
| Net Profit Margin | -8.8% | ||||
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To see the full financial statements and ratios of Bhandari Steels Limited, buy the company report.
Board of directors of Bhandari Steels Limited
Bhandari Steels has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Makesh Shanmuganathan | Director | 28 Jan 2019 | 7 Years 9 Months | Current |
| Jagdish Kumar Bhandari Also directs: Media Monitors Technology Private Limited | Managing Director | 17 Nov 1999 | 26 Years 11 Months | Current |
| Balasubramanian Also directs: Resurgent Power Projects Limited | Director Appointed In Casual Vacancy | 01 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Bhandari Steels Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanwaraseth Suppliers Private Limited | ₹62.74 Cr (FY 2024) | 15.0% | Kolkata, West Bengal, India | |||
| Talin International Private Limited | ₹62.69 Cr (FY 2024) | 11.0% | Ahmedabad, Gujarat, India | |||
| Bhandari Steels Limitedthis company | ₹62.46 Cr (FY 2025) | -₹5.51 Cr | -8.8% | 63.0% | Chennai, Tamil Nadu, India | |
| Durga Steel Company Private Limited | ₹62.15 Cr (FY 2025) | -15.0% | Budh Vihar, Delhi, India | |||
| BTS Strips Private Limited | ₹61.79 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Bhandari Steels Limited, buy the company report.
Auditor
Bhandari Steels Limited is audited by G BADRI NARAYANA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G BADRI NARAYANA & CO | FY 2022 | 010473S |
Shareholding
The shareholding of Bhandari Steels Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhandari Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2019 | 100301321 | Others | ₹11 Cr | Satisfied | |
| 04 Aug 2005 | 80025606 | State Bank of India | ₹23 Cr | Satisfied | |
| 04 Jan 2005 | 80027591 | Indian Overseas Bank | ₹4 Cr | Satisfied |
To see the full charge records of Bhandari Steels Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Bhandari Steels Limited has 10 court cases on record: 4 filed by Bhandari Steels, 6 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
| High courts | 4 | 0 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Jindal Saw Ltd | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S Jindal Saw Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S Jindal Saw Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner (St) | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Assistant Commissioner (St) | Disposed |
To see the full case history of Bhandari Steels 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.
Credit ratings & regulatory alerts
Bhandari Steels Limited was last rated by Crisil on 08 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 08 Dec 2021 |
To see the full credit ratings and regulatory alerts of Bhandari Steels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhandari Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhandari Steels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCB7563P1ZA | Tamil Nadu | Active | 01 Jul 2017 |
| 27AABCB7563P1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhandari Steels Limited, buy the company report.
Recent activity
Bhandari Steels Limited has 15 board changes on record since 1999: 3 appointments and 12 cessations. The latest: Makesh Shanmuganathan ceased to be Additional Director on 30 Sep 2019.
13 earlier events are in the company report.
Frequently asked questions
Bhandari Steels is an active public limited company based in Chennai, Tamil Nadu, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 17 November 1999 (27+ years old) and is registered under CIN U27105TN1999PLC043575.
Bhandari Steels has 3 current directors:
- Jagdish Kumar Bhandari - Managing Director
- Makesh Shanmuganathan - Director
- Balasubramanian - Director Appointed In Casual Vacancy
The latest financial statements of Bhandari Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhandari Steels is 33AABCB7563P1ZA, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCB7563P1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Bhandari Steels is U27105TN1999PLC043575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhandari Steels has 10 court cases on record: 4 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Bhandari Steels was incorporated on 17 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Bhandari Steels by revenue are Sanwaraseth Suppliers Private Limited, Talin International Private Limited, Durga Steel Company Private Limited, BTS Strips Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Makesh Shanmuganathan ceased to be Additional Director on 30 Sep 2019. Makesh Shanmuganathan was appointed as Director on 28 Jan 2019. Nikhil Bhandari ceased to be Additional Director on 28 Jan 2019. Bhandari Steels has 15 board changes on record in total.
Bhandari Steels can be reached through the website bhandarigroup.org. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Bhandari Steels is at 27B Mookar Nallamuthu Street Chennai – 1 Chennai – 1, Tamil Nadu, India – 600001.