B R Sponge and Power Limited
About B R Sponge and Power Limited
Data last updated:
B R Sponge and Power Limited is a public limited company based in Rourkela, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 10 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR2003PLC007028. Its GSTIN is 21AACCB4089K1ZP (Odisha).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹7.94 Cr. It is led by directors including Shashank Garg and Vivek Khemka.
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 C – 12 First Floor Meridien Tower Uditnagar, Rourkela, Odisha, India – 769012.
As per the financials filed for FY 2025, the company reported a revenue of ₹581.17 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹38.64 Cr (net margin 6.6%) and EBITDA of ₹78.2 Cr (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹347.93 Cr and satisfied charges of ₹138.68 Cr on record. Court records list 18 cases involving the company, including 9 filed by the company and 9 filed against it; 2 cases are pending. The company has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹18.46 Cr; the latest was in September 2018. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Bhagwati Steel Cast Private Limited with revenue of ₹589.06 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
B R Sponge and Power has one previous CIN (Corporate Identification Number): U27101OR2003PTC007028. The current CIN is U27101OR2003PLC007028, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101OR2003PLC007028 | Current |
| U27101OR2003PTC007028 | Previous |
Contact details
B R Sponge and Power Limited's registered office is in Rourkela, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 12 First Floor Meridien Tower Uditnagar, Rourkela, Odisha, India – 769012
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of B R Sponge and Power 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 B R Sponge and Power 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 B R Sponge and Power Limited, buy the company report.
Financials of B R Sponge and Power Limited
FY 2025 filings availableB R Sponge and Power Limited reported revenue of ₹581.17 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 18% growth in the latest year. EBITDA fell 20% 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 | ₹78.2 Cr | ||||
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| Net Profit (PAT) | ₹38.64 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 | 13.5% | ||||
| Net Profit Margin | 6.6% | ||||
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To see the full financial statements and ratios of B R Sponge and Power Limited, buy the company report.
Board of directors of B R Sponge and Power Limited
B R Sponge and Power has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Garg Also directs: B R Refinery LLP, Maa Mangla Ispat Private Limited, Maa Shakambari Steel Limited and 2 more | Director | 01 Sep 2017 | 9 Years 1 Months | Current |
| Vivek Khemka Also directs: B R Refinery LLP, Maa Mangla Ispat Private Limited, Maa Shakambari Steel Limited and 1 more | Director | 01 Sep 2022 | 4 Years 1 Months | Current |
| Dolly Prasad Also directs: Maa Mangla Ispat Private Limited, Maa Shakambari Steel Limited, Pawanjay Sponge Iron Limited and 2 more | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Yogesh Sharma | Director | 06 Mar 2021 | 5 Years 7 Months | Current |
| Dillip Kumar Sahoo | Director | 24 Apr 2019 | 7 Years 6 Months | Current |
| Mansi Mehta Also directs: Maa Mangla Ispat Private Limited, Maa Shakambari Steel Limited, Pawanjay Sponge Iron Limited and 2 more | Director | 30 May 2024 | 2 Years 4 Months | Current |
Peer comparison
B R Sponge and Power Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Bhagwati Steel Cast Private Limited | ₹589.06 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Aditya Ultra Steel Limited | ₹585.75 Cr (FY 2025) | 0.0% | Wankaner, Gujarat, India | |||
| Sakthi Steel Industries India Private Limited | ₹581.86 Cr (FY 2025) | -16.0% | Chennai, Tamil Nadu, India | |||
| K L Steels Private Limited | ₹581.71 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Alankar Alloys Private Limited | ₹581.62 Cr (FY 2025) | -1.0% | Raipur, Chhattisgarh, India | |||
| B R Sponge and Power Limitedthis company | ₹581.17 Cr (FY 2025) | ₹38.64 Cr | 6.6% | 18.0% | Rourkela, Odisha, India | |
| Sai Infinium Limited | ₹580.7 Cr (FY 2025) | 28.0% | Bhavnagar, Gujarat, India | |||
| Devi Iron and Power Private Limited | ₹580.45 Cr (FY 2025) | 55.0% | Panvel, Maharashtra, India | |||
| German TMT Private Limited | ₹578.27 Cr (FY 2025) | -8.0% | Ahmedabad, Gujarat, India | |||
| Jogindra Castings Private Limited | ₹577.51 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India |
To see the full peer comparison of B R Sponge and Power Limited, buy the company report.
Auditor
B R Sponge and Power Limited is audited by R. GOPAL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. GOPAL & ASSOCIATES | FY 2022 | 000846C |
Shareholding
The shareholding of B R Sponge and Power 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 B R Sponge and Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101167980 | State Bank of India | ₹1.04 Cr | Open | |
| 26 Jul 2024 | 100961851 | Uco Bank | ₹168.5 Cr | Open | |
| 19 Jun 2023 | 100738333 | State Bank of India | ₹16 Lakh | Open | |
| 16 Mar 2023 | 100699497 | State Bank of India | ₹30 Cr | Open | |
| 10 Mar 2023 | 100690978 | Sbicap Trustee Company Limited | ₹147.91 Cr | Open |
To see the full charge records of B R Sponge and Power Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
B R Sponge and Power Limited has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹18.46 Cr; the latest was in September 2018.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Vishwa Engineering Co Pvt Ltd Seller: Vishwa Ispat Profiles Private Limited |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Gaba Software Solutions Private Limited , 3 individuals Seller: Khusboo Bearing Private Limited, Dindayal Agarwal Huf, 2 individuals |
| Mar 2015 | Rights issue | ₹9.27 Cr | Investors: Pallavi Merchants Private Limited , Vishwa Ispat Profiles Private Limited , 2 individuals |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: Khusboo Bearing Private Limited, Vishwa Engineering Co Pvt Ltd , 2 individuals Seller: Kushboo Bearing Private Limited, 3 individuals |
| Mar 2014 | Funding round | ₹11.33 Cr | Investors: Concert Tradelink Pvt Ltd , Pallavi Merchants Private Limited |
To see the full deal history of B R Sponge and Power 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
B R Sponge and Power Limited has 18 court cases on record: 9 filed by B R Sponge and Power, 9 filed against it. 2 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 2 |
| District courts | 6 | 5 | 0 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Appeal | Filed against the company by M/S. Bajrang Metalics Ltd. Jagjit Singh Chhabra | Pending |
| District court, South Twenty Four Parganas, West Bengal | Arbitration matter | Filed against the company by Pratishtha Commercial Private Limited 2 and 27 others | Disposed |
| NCLT, NCLT Cuttack | Company petition | Filed by the company against Rashi Steel and Power Limited | Disposed |
| NCLT, NCLT Cuttack | Court case (COMP.APPL) | Filed by the company against Rashi Steel and Power Limited | Disposed |
| High Court | Arbitration matter | Filed against the company by L & T Finance Ltd. | Disposed |
To see the full case history of B R Sponge and Power 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
B R Sponge and Power Limited was last rated by Care on 04 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Jan 2023 |
To see the full credit ratings and regulatory alerts of B R Sponge and Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for B R Sponge and Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
B R Sponge and Power has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Jute & Stores Ltd | U17119WB1943PLC011328 | |
| Maa Mangla Ispat Private Limited | U27102OR2004PTC007631 | |
| Maa Shakambari Steel Limited | U27102WB2004PLC098163 |
To see the full group structure of B R Sponge and Power Limited, buy the company report.
GST
B R Sponge and Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCB4089K1ZP | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of B R Sponge and Power Limited, buy the company report.
Recent activity
B R Sponge and Power Limited has 24 board changes on record since 2009: 8 appointments and 16 cessations. The latest: Keyur Nilesh Mehta ceased to be Director on 30 May 2024.
49 earlier events are in the company report.
Frequently asked questions
B R Sponge and Power is an active public limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 January 2003 (23+ years old) and is registered under CIN U27101OR2003PLC007028.
B R Sponge and Power has 7 current directors:
- Shashank Garg - Director
- Vivek Khemka - Director
- Dolly Prasad - Director
- Yogesh Sharma - Director
- Dillip Kumar Sahoo - Director
- Mansi Mehta - Director
- Harshvardhan Garg - Director
The latest financial statements of B R Sponge and Power 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 B R Sponge and Power is 21AACCB4089K1ZP, registered in Odisha.
The CIN (Corporate Identification Number) of B R Sponge and Power is U27101OR2003PLC007028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B R Sponge and Power has 18 court cases on record: 9 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
B R Sponge and Power was incorporated on 10 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Cuttack.
B R Sponge and Power has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹18.46 Cr; the latest was in September 2018.
The peers of B R Sponge and Power by revenue are Bhagwati Steel Cast Private Limited, Aditya Ultra Steel Limited, Sakthi Steel Industries India Private Limited, K L Steels Private Limited, Alankar Alloys Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Keyur Nilesh Mehta ceased to be Director on 30 May 2024. Mansi Mehta was appointed as Director on 30 May 2024. Dolly Prasad was appointed as Director on 01 Apr 2024. B R Sponge and Power has 24 board changes on record in total.
The registered office of B R Sponge and Power is at C – 12 First Floor Meridien Tower Uditnagar, Rourkela, Odisha, India – 769012.