India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#331- Valuation
- ₹9,584 Cr
Revenue · FY 2021
₹21,510 Cr
▲ 18% YoY
Net profit · FY 2021
₹2,518.17 Cr
Net margin 11.7%
EBITDA · FY 2021
₹5,539.76 Cr
EBITDA margin 25.8%
Authorised capital
₹33,520 Cr
Registered with MCA
Paid-up capital
₹19,919 Cr
Issued & subscribed
Satisfied charges
₹1,25,908 Cr
No open charges
Company age
43 yrs
Est. 1983
Employees · EPFO
5,480
Provident fund records
About Tata Steel BSL Limited
Data last updated:
Tata Steel BSL Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Bamnipal Steel Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 January 1983.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1983PLC014942. The company has 22 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 31 Mar 2022 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹33,520 Cr and a paid-up capital of ₹19,919 Cr. It was formerly known as Jawhar Metal Industries Limited and Bhushan Steel and Strips Ltd. It was led by directors including Rajeev Singhal (Managing Director) and Srikumar Menon.
Its last annual general meeting (AGM) was held on 06 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Ground Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065.
As per the financials filed for FY 2021, the company reported a revenue of ₹21,510 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2,518.17 Cr (net margin 11.7%) and EBITDA of ₹5,539.76 Cr (EBITDA margin 25.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company had about 5,480 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 4 subsidiaries and 1 joint venture.
The company was associated with 2 brands: Tata Steel BSL and Bhushan Steel & Strips. As per MCA filings, the company had satisfied charges of ₹1,25,908 Cr on record. Court records list 750 cases involving the company, including 465 filed by the company and 285 filed against it; 156 cases are pending. The company has 48 deals on record (47 market trades, 1 acquisition); the latest was in February 2025. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Arcelormittal Nippon Steel India Private Limited with revenue of ₹54,613 Cr. The company has 9 MSME Form 1 returns on record between 2018 and 2021, listing 236 overdue payments to 119 micro and small suppliers.
The last known website on record is tatasteelbsl.co.in.
Company details
CIN L74899DL1983PLC014942
Registration Number 014942
Incorporation Date 07 January 1983
ROC Delhi
Listing Status Listed - Delisted from BSE on 31 Mar 2022 · merger
Company Status Amalgamated
Date of Last AGM 06 August 2021
Date of Balance Sheet 31 March 2021
Parent Company Bamnipal Steel Limited
Compliance Status Active Compliant
Name history
Tata Steel BSL has undergone 5 name changes throughout its history. The current legal name is Tata Steel Bsl Limited.
| Company Name | Status |
|---|---|
| Tata Steel BSL Limited | Current |
| Jawhar Metal Industries Limited | Previous |
| Bhushan Steel And Strips Ltd. | Previous |
| Bhushan Steel Limited | Previous |
| Bhushan Steel And Strips Ltd | Previous |
| Jawahar Metal Industries Pvt Ltd | Previous |
Recognitions & Rankings of Tata Steel BSL
Contact details
Tata Steel BSL Limited's registered office is in New Delhi, Delhi. Its website is tatasteelbsl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Tata Steel BSL Limited, buy the company report.
Comprehensive company report
Tata Steel BSL 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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Brands
Tata Steel BSL operates two associated brands: Tata Steel BSL and Bhushan Steel & Strips. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel products are produced and supplied for various industries. | tatasteelbsl.co.in | |
| Manufacturer of steel and steel products | bhushansteel.com |
Business activity
The main business activity of Tata Steel BSL 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 Tata Steel BSL Limited, buy the company report.
Financials of Tata Steel BSL Limited
FY 2021 filings availableTata Steel BSL Limited reported revenue of ₹21,510 Cr (up 18% YoY) for FY 2021.
Revenue · FY 2021
₹21,510 Cr ▲ 18%
Net profit · FY 2021
₹2,518.17 Cr margin 11.7%
EBITDA · FY 2021
₹5,539.76 Cr margin 25.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 7%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 123%
3 years · compounded
▲ 31%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 18% growth in the latest year. EBITDA rose 123% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5,539.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,518.17 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.8% | ||||
| Net Profit Margin | 11.7% | ||||
| 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 Tata Steel BSL Limited, buy the company report.
Board of directors and KMP of Tata Steel BSL Limited
Tata Steel BSL Limited currently reports 8 directors and 1 key managerial person. 31 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Singhal | Managing Director | 18 May 2018 | 8 Years 5 Months | As last reported |
| Srikumar Menon Also directs: Neelachal Ispat Nigam Ltd, Goodricke Group Limited, International Combustion (India) Ltd and 2 more | Director | 09 Aug 2018 | 8 Years 2 Months | As last reported |
| Pratik Chatterjee Also directs: Bhushan Steel (South) Limited | Cfo | 23 Jul 2021 | 5 Years 3 Months | As last reported |
| Krishnava Dutt Also directs: TRF Limited. | Director | 18 May 2018 | 8 Years 5 Months | As last reported |
| Neera Saggi Also directs: Honeywell Automation India Limited, Ge Vernova T&D India Limited, Adani Green Energy Limited and 3 more | Director | 07 Jun 2018 | 8 Years 5 Months | As last reported |
| Shashi Kant Maudgal Also directs: Starbright Consultancy LLP | Director | 07 Jun 2018 | 8 Years 5 Months | As last reported |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Peer comparison
Tata Steel BSL Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Arcelormittal Nippon Steel India Private Limited | ₹54,613 Cr (FY 2025) | -11.0% | Surat, Gujarat, India | |||
| JSW Steel Coated Products Limited | ₹34,517 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Bhushan Power & Steel Limited | ₹21,680 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Tata Steel BSL Limitedthis company | ₹21,510 Cr (FY 2021) | ₹2,518.17 Cr | 11.7% | 18.0% | 5,480 | New Delhi, Delhi, India |
| Rashtriya Ispat Nigam Ltd | ₹18,763 Cr (FY 2025) | -20.0% | Andhra Pradesh, India | |||
| Orissa Metaliks Private Limited | ₹16,536 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India | |||
| Jindal Stainless (Hisar) Limited | ₹15,130 Cr (FY 2022) | 59.0% | Hisar, Haryana, India |
To see the full peer comparison of Tata Steel BSL Limited, buy the company report.
Auditor
Tata Steel BSL Limited is audited by Walker Chandiok & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Tata Steel BSL Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tata Steel BSL Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1,25,908 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2020 | 100337175 | Others | ₹1,500 Cr | Satisfied | |
| 27 Jun 2019 | 100275022 | Others | ₹500 Cr | Satisfied | |
| 28 Mar 2019 | 100252920 | Idbi Trusteeship Services Limited | ₹15,500 Cr | Satisfied | |
| 15 Mar 2019 | 100249821 | Yes Bank Limited | ₹400 Cr | Satisfied | |
| 22 Feb 2019 | 100244574 | Others | ₹300 Cr | Satisfied |
To see the full charge records of Tata Steel BSL Limited, buy the company report.
Total charge records: 325 View all charges
Deals & funding
Tata Steel BSL Limited has 48 deals on record (47 market trades, 1 acquisition); the latest was in February 2025.
Total deals
48
Market trades
47
Acquisition
1
Deals on record (5 of 48)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Market trade | ₹1.12 Cr | Seller: Goyal Gums Private Limited |
| Dec 2024 | Market trade | ₹8.51 Cr | Buyer: Hrti Private Limited , NK Securities Research Private Limited , Qe Securities LLP Seller: Hrti Private Limited , NK Securities Research Private Limited , Qe Securities LLP |
| Aug 2024 | Market trade | ₹4.47 Cr | Buyer: Silver Line Ventures Private Limited, NK Securities Research Private Limited Seller: NK Securities Research Private Limited , Silver Line Ventures Private Limited |
| Nov 2022 | Market trade | ₹1.54 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2022 | Market trade | ₹1.15 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Tata Steel BSL Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Steel BSL Limited has 750 court cases on record: 465 filed by Tata Steel BSL, 285 filed against it. 156 cases are pending and 594 are disposed.
Total cases
750
Filed by the company
465
Filed against the company
285
Pending
156
Disposed
594
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 349 | 112 | 80 |
| High courts | 337 | 137 | 65 |
| Supreme Court | 51 | 25 | 6 |
| NCLAT | 11 | 11 | 5 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 750)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Pittie Strips Pvt. Ltd. and Ors | Pending |
| High Court of Delhi | Court case (RFA(OS)(COMM)) | Filed against the company by Arcadia Shipping Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Globe Ecologistics Private Limited Through Arvind Manakchand Bothra | Pending |
| High Court, JHARKHAND | Interim or miscellaneous application | Filed against the company by Tata Steel Limited Through Its Authorised Representative and 1 other | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Tata Steel Ltd. Through Its Authorized Signatory Regd. Office at Bombay House, 24, Homi Mody Street, Fort, Mumbai ,Mumbai , Maharashtra | Pending |
To see the full case history of Tata Steel BSL 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
Tata Steel BSL Limited has 9 MSME Form 1 returns on record between 2018 and 2021, listing 236 overdue payments to 119 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 (5 of 119)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Radhakrishna Enterprises | |||
| an individual supplier | |||
| Allied Hitech Industries Private Limited | |||
| an individual supplier | |||
| Soni Rubber Products Ltd |
To see the full MSME payment records of Tata Steel BSL Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Steel BSL has 4 subsidiary companies, 1 joint venture, and 2 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Joint ventures
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bhushan Steel (South) Limited | U27100DL2010PLC202027 | |
| Angul Energy Limited | U40105DL2005PLC140748 | |
| Tata Steel Technical Services Limited | U93000DL2010PLC202026 | |
| Tata Steel Support Services Limited | U93000DL2010PLC202028 |
To see the full group structure of Tata Steel BSL Limited, buy the company report.
Employees & EPFO
Tata Steel BSL Limited has a workforce of 5,480 employees on its EPFO records as of Apr 04, 2024, across 3 active EPFO establishments.
Employee count
5,480
Active EPFO establishments
3
Employee growth
1.35%
GST
Tata Steel BSL has 22 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
22
Cancelled / inactive
22
To see the full GST registrations and return filing status of Tata Steel BSL Limited, buy the company report.
Recent activity
Tata Steel BSL Limited has 69 board changes on record since 1987: 39 appointments and 30 cessations. The latest: Pratik Chatterjee was appointed as CFO on 23 Jul 2021.
Charges
A charge registered on 24 Apr 2020 via Charge ID 100337175 with Others was fully satisfied on 01 Nov 2021.
Charges
A charge registered on 15 Mar 2019 via Charge ID 100249821 with Yes Bank Limited was fully satisfied on 30 Oct 2021.
Charges
A charge registered on 31 Jan 2019 via Charge ID 100235774 with Axis Bank Limited was fully satisfied on 30 Oct 2021.
Charges
A charge registered on 31 Dec 2018 via Charge ID 100227933 with Hdfc Bank Limited was fully satisfied on 30 Oct 2021.
Charges
A charge registered on 27 Jun 2019 via Charge ID 100275022 with Others was fully satisfied on 29 Oct 2021.
Charges
A charge registered on 28 Mar 2019 via Charge ID 100252920 with Idbi Trusteeship Services Limited was fully satisfied on 12 Oct 2021.
AGM
Tata Steel Bsl Limited last Annual general meeting of members was held on 06 Aug 2021 as per latest MCA records.
Appointed
Pratik Chatterjee was appointed as CFO.
Ceased
Sanjib Nanda ceased to be CFO.
Filing
Tata Steel Bsl Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Delhi.
Charges
A charge registered on 22 Feb 2019 via Charge ID 100244574 with Others was fully satisfied on 15 Feb 2021.
Charges
A charge with Axis Bank Limited of Rs. 950.00 Cr registered on 31 Jan 2019 with Charge ID 100235774 was modified on 06 Nov 2020.
893 earlier events are in the company report.
News
Frequently asked questions
Tata Steel BSL has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tata Steel BSL was a public limited company based in New Delhi, Delhi, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 January 1983 and is registered under CIN L74899DL1983PLC014942. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Steel BSL was incorporated on 07 January 1983. It is registered with the Registrar of Companies, Delhi.
Tata Steel BSL had 9 directors and KMP:
- Rajeev Singhal - Managing Director
- Srikumar Menon - Director
- Krishnava Dutt - Director
- Neera Saggi - Director
- Shashi Kant Maudgal - Director
- Narendran Viswanath Thachat - Director
- Koushik Chatterjee - Director
- Anand Sen - Director
- Pratik Chatterjee - Cfo
The CIN (Corporate Identification Number) of Tata Steel BSL is L74899DL1983PLC014942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tata Steel BSL is recorded as a listed company by MCA, but its shares were delisted from BSE on 31 Mar 2022 · merger, and no longer trade on a stock exchange.
The registered office of Tata Steel BSL is at Ground Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065.
Tata Steel BSL can be reached through the website tatasteelbsl.co.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Tata Steel BSL on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 06 August 2021. Year-wise statements from 2015 are in the company report.
No. Tata Steel BSL has 22 GST registrations on record and all of them are cancelled or inactive.
Tata Steel BSL operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Tata Steel BSL has 48 deals on record (47 market trades, 1 acquisition); the latest was in February 2025.
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