About BMM Ispat Limited
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BMM Ispat Limited is a public limited company based in Bellary, Karnataka, India, a subsidiary of Jsw Projects Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U13100KA2002PLC030365. Its GSTIN is 29AACCB3556B1ZY (Karnataka). The company holds 11 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹855.14 Cr. It was formerly known as B.M.M. Ispat Private Limited. It is led by directors including Rajendra Moondra (Whole-Time Director) and Raju Veera Venkata Vetsa (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at # 114 Danapur Village Hobli Marriamanahalli Hospet Taluq, Bellary, Karnataka, India – 583222.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,915.58 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹91.03 Cr (net margin 3.1%) and EBITDA of ₹273.18 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 1,134 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BMM. As per MCA filings, the company has open charges of ₹1,541 Cr and satisfied charges of ₹6,068.6 Cr on record. Court records list 219 cases involving the company, including 122 filed by the company and 97 filed against it; 54 cases are pending. The company has 14 deals on record (6 funding rounds, 5 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,002.3 Cr; the latest was in March 2021. Its 7 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 4 smaller; the largest is Tata Metaliks Ltd. with revenue of ₹3,273.21 Cr. The company has 22 MSME Form 1 returns on record between 2017 and 2024, listing 914 overdue payments to 324 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bmm.in.
Company details
Name history
BMM Ispat has undergone 3 name changes throughout its history. The company was previously known as B.M.M. Ispat Limited, B.M.M. Ispat Private Limited, and B. M. M. Ironore Private Limited. The current legal name is Bmm Ispat Limited.
| Company Name | Status |
|---|---|
| BMM Ispat Limited | Current |
| B.M.M. Ispat Limited | Previous |
| B.M.M. Ispat Private Limited | Previous |
| B. M. M. Ironore Private Limited | Previous |
CIN history
BMM Ispat has one previous CIN (Corporate Identification Number): U13100KA2002PTC030365. The current CIN is U13100KA2002PLC030365, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13100KA2002PLC030365 | Current |
| U13100KA2002PTC030365 | Previous |
Contact details
BMM Ispat Limited's registered office is in Bellary, Karnataka. Its website is bmm.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 114 Danapur Village Hobli Marriamanahalli Hospet Taluq, Bellary, Karnataka, India – 583222
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of BMM Ispat 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 activities of BMM Ispat are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of BMM Ispat Limited, buy the company report.
Financials of BMM Ispat Limited
FY 2026 filings availableBMM Ispat Limited reported revenue of ₹2,915.58 Cr (down 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 15% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,915.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹273.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹91.03 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 BMM Ispat Limited, buy the company report.
Board of directors of BMM Ispat Limited
BMM Ispat has 9 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Moondra | Whole-Time Director | 27 Oct 2020 | 6 Years 0 Months | Current |
| Pawan Kumar Kedia | Director | 04 May 2021 | 5 Years 5 Months | Current |
| Dinesh Kumar Singhi Also directs: Dsap Strategic Business Ventures LLP, BMM Energy Private Limited, Ranjitpura Infrastructure Private Limited and 5 more | Director | 20 Jul 2015 | 11 Years 3 Months | Current |
| Krishna Deshika | Director | 27 Oct 2020 | 6 Years 0 Months | Current |
| Rakhi Jain | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
| Raju Veera Venkata Vetsa | Whole-Time Director | 05 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
BMM Ispat Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Tata Metaliks Ltd. | ₹3,273.21 Cr (FY 2023) | 19.0% | Kolkata, West Bengal, India | |||
| NMDC Steel Limited | ₹3,168.28 Cr (FY 2024) | Nagarnar, Chhattisgarh, India | ||||
| Suryadev Alloys and Power Private Limited | ₹3,012.08 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| BMM Ispat Limitedthis company | ₹2,915.58 Cr (FY 2024) | ₹91.03 Cr | 3.1% | -21.0% | 1,134 | Bellary, Karnataka, India |
| Arjas Steel Private Limited | ₹2,894.37 Cr (FY 2025) | 10.0% | Andhra Pradesh, India | |||
| Mukand Sumi Special Steel Limited | ₹2,736.76 Cr (FY 2025) | -4.0% | Kalwa, Maharashtra, India | |||
| Hi-Tech Pipes Ltd | ₹2,700.47 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Jaideep Ispat and Alloys Private Limited | ₹2,699.75 Cr (FY 2025) | 0.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of BMM Ispat Limited, buy the company report.
Auditor
BMM Ispat Limited is audited by SHAH GUPTA & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH GUPTA & Co. | FY 2024 | 109574W |
Shareholding
The shareholding of BMM Ispat 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 BMM Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2026 | 101248583 | Axis Bank Limited | ₹51 Cr | Open | |
| 11 Sep 2025 | 101161397 | Others | ₹400 Cr | Open | |
| 25 Jul 2025 | 101134598 | Others | ₹1 Cr | Open | |
| 30 Jun 2025 | 101120447 | Others | ₹299 Cr | Open | |
| 18 Sep 2024 | 100976490 | Others | ₹250 Cr | Open |
To see the full charge records of BMM Ispat Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
BMM Ispat Limited has 14 deals on record (6 funding rounds, 5 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,002.3 Cr; the latest was in March 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: BPO Finance Investments Private Limited, Snehfin Investments Private Limited , Singhi Holdings Private Limited |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Devendra Contra Private Limited , Explosion Entertainment Private Limited, JSW Projects Limited |
| Oct 2020 | Funding round | ₹101.29 Cr | Investors: JSW Projects Limited |
| Apr 2020 | Acquisition | Undisclosed | Buyer: JSW Projects Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Snehfin Investments Private Limited Seller: VSL Securities Private Limited , an individual |
To see the full deal history of BMM Ispat 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
BMM Ispat Limited has 219 court cases on record: 122 filed by BMM Ispat, 97 filed against it. 54 cases are pending and 165 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 111 | 48 | 30 |
| District courts | 94 | 42 | 20 |
| Supreme Court | 12 | 7 | 4 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 219)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited (Kptcl) and 1 other | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Garvith Organic Farms Ltd and Others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Shree Bhimeshwari Ispat Private Limited | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Chief Engineer (Electricity) Chief Engineer (Electricity) State Load Dispatch Center Karnataka Power Transmission Corporation Ltd 28, Load Dispatch Center Race Course Road Bangalore 560009 , , Karnataka and 7 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Garvith Organic Farms Ltd and Others and 3 others | Disposed |
To see the full case history of BMM Ispat 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
BMM Ispat Limited was last rated by Care on 30 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 May 2022 |
To see the full credit ratings and regulatory alerts of BMM Ispat Limited, buy the company report.
MSME payment delays
BMM Ispat Limited has 22 MSME Form 1 returns on record between 2017 and 2024, listing 914 overdue payments to 324 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 324)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Centurion Power Cables Private Limited | |||
| Accord Premier Conveyors & Co | |||
| JTK Arihant Appliances Private Limited | |||
| Kiln Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of BMM Ispat Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
BMM Ispat Limited has a workforce of 1,134 employees on its EPFO records as of Nov 15, 2024, across 1 active EPFO establishment.
GST
BMM Ispat has 11 GST registrations: 3 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB3556B1ZY | Karnataka | Active | 01 Jul 2017 |
| 29AACCB3556B1D7 | Karnataka | Active | 07 Nov 2024 |
| 37AACCB3556B1Z1 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of BMM Ispat Limited, buy the company report.
Recent activity
BMM Ispat Limited has 28 board changes on record since 2007: 9 appointments and 19 cessations. The latest: Bhushan Prasad was appointed as Director on 07 May 2026.
69 earlier events are in the company report.
Frequently asked questions
BMM Ispat is an active public limited company based in Bellary, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 April 2002 (24+ years old) and is registered under CIN U13100KA2002PLC030365.
BMM Ispat has 9 current directors:
- Rajendra Moondra - Whole-Time Director
- Raju Veera Venkata Vetsa - Whole-Time Director
- Manjunath Prabhu - Whole-Time Director
- Ganesh Hegde - Whole-Time Director
- Pawan Kumar Kedia - Director
- Dinesh Kumar Singhi - Director
- Krishna Deshika - Director
- Rakhi Jain - Director
- Bhushan Prasad - Director
The latest financial statements of BMM Ispat on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of BMM Ispat is 29AACCB3556B1ZY, registered in Karnataka. The company has 11 GST registrations in all, of which 3 are active and 8 are cancelled or inactive. Other active GSTINs include 29AACCB3556B1D7 (Karnataka), 37AACCB3556B1Z1 (Andhra Pradesh).
The CIN (Corporate Identification Number) of BMM Ispat is U13100KA2002PLC030365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BMM Ispat has 219 court cases on record: 122 filed by the company and 97 filed against it. 54 are pending. Most are in the high courts.
BMM Ispat was incorporated on 15 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
BMM Ispat has 14 deals on record (6 funding rounds, 5 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,002.3 Cr; the latest was in March 2021.
The peers of BMM Ispat by revenue are Tata Metaliks Ltd, NMDC Steel Limited, Suryadev Alloys and Power Private Limited, Arjas Steel Private Limited, Mukand Sumi Special Steel Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Bhushan Prasad was appointed as Director on 07 May 2026. Ganesh Hegde was appointed as Whole-Time Director on 07 May 2026. Manjunath Prabhu was appointed as Whole-Time Director on 07 May 2026. BMM Ispat has 28 board changes on record in total.
BMM Ispat has 22 MSME Form 1 returns on record between 2017 and 2024, listing 914 overdue payments to 324 micro and small suppliers. The latest return was filed on 29 Apr 2024.
BMM Ispat can be reached through the website bmm.in. Its registered office is in Bellary, Karnataka, India.
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