About Bravo Sponge Iron Private Limited
Data last updated:
Bravo Sponge Iron Private Limited was a private limited company based in Kolkata, West Bengal, India. 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 14 February 1997.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U27106WB1997PTC082921. Its GSTIN is 19AACCB5058J1ZH (West Bengal). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹55 Cr and a paid-up capital of ₹51.92 Cr. It was formerly known as Bravo Sponge Iron Limited and Piyushrippon Finance Private Limited. It was led by directors including Deepak Kumar Agarwal and Ramabatar Agarwal.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,716.82 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹39.37 Cr (net margin 2.3%) and EBITDA of ₹163.5 Cr (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 36% over five years.
The company had about 901 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹1,725.86 Cr and satisfied charges of ₹1,279.05 Cr on record. Court records list 67 cases involving the company, including 32 filed by the company and 35 filed against it; 7 cases are pending. The company has 11 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹240.12 Cr; the latest was in February 2023.
The last known website on record is shakambhariispat.com.
Company details
Name history
Bravo Sponge Iron has undergone 3 name changes throughout its history. The company was previously known as Bravo Sponge Iron Limited, Piyushrippon Finance Private Limited, and Bravo Sponge Iron Limited. The current legal name is Bravo Sponge Iron Private Limited.
| Company Name | Status |
|---|---|
| Bravo Sponge Iron Private Limited | Current |
| Bravo Sponge Iron Limited | Previous |
| Piyushrippon Finance Private Limited | Previous |
| Bravo Sponge Iron Limited | Previous |
CIN history
Bravo Sponge Iron has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27106WB1997PTC082921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106WB1997PTC082921 | Current |
| U82921WB1997PLC082921 | Previous |
| U27106WB1997PLC082921 | Previous |
Contact details
Bravo Sponge Iron Private Limited's registered office is in Kolkata, West Bengal. Its website is shakambhariispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDiamond Prestige, 41A A.J.C Bose Road 8 Thfloor Room No – 801, Kolkata, West Bengal, India – 700017
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Bravo Sponge Iron Private 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 Bravo Sponge Iron 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 Bravo Sponge Iron Private Limited, buy the company report.
Financials of Bravo Sponge Iron Private Limited
FY 2024 filings availableBravo Sponge Iron Private Limited reported revenue of ₹1,716.82 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 18% growth in the latest year. EBITDA rose 48% 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 |
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| Total Expenses | |||||
| EBITDA | ₹163.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.37 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Bravo Sponge Iron Private Limited, buy the company report.
Board of directors and KMP of Bravo Sponge Iron Private Limited
Bravo Sponge Iron Private Limited currently reports 3 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Kumar Agarwal | Director | 05 Jun 2015 | 11 Years 5 Months | As last reported |
| Ramabatar Agarwal Also directs: Shakambhari Ispat & Power Limited, M H S Sahny Engineers Pvt Ltd, Eloquent Steel Private Limited and 5 more | Director | 25 Sep 2023 | 3 Years 1 Months | As last reported |
| Amit Kumar Agarwal Also directs: Ganguram Industrial (India) Limited | Company Secretary | 01 Feb 2019 | 7 Years 9 Months | As last reported |
| Swati Agarwala Also directs: Shakambhari Ispat & Power Limited, Ferrum Acier Private Limited, S P S Metal Cast & Alloys Limited and 5 more | Director | 20 Jun 2022 | 4 Years 4 Months | As last reported |
Auditor
Bravo Sponge Iron Private Limited is audited by Anoop Kumar Agarwal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anoop Kumar Agarwal & Associates | FY 2023 | 326455E |
Shareholding
The shareholding of Bravo Sponge Iron Private 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 Bravo Sponge Iron Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2023 | 100782851 | Indian Bank | ₹9.19 Cr | Satisfied | |
| 30 Jun 2023 | 100749842 | Indian Bank | ₹14.88 Cr | Satisfied | |
| 19 Dec 2022 | 100654138 | Indian Bank | ₹110 Cr | Satisfied | |
| 12 Sep 2022 | 100606944 | Indian Bank | ₹261.71 Cr | Satisfied | |
| 28 Feb 2022 | 100541691 | Indian Bank | ₹164.03 Cr | Satisfied |
To see the full charge records of Bravo Sponge Iron Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Bravo Sponge Iron Private Limited has 11 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹240.12 Cr; the latest was in February 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Funding round | ₹44.83 Cr | Investors: Aryavrat Plot Managers Private Limited , Expeditors Distributors Private Limited , Aryavrat Niwas Consultants Private Limited |
| Mar 2021 | Funding round | ₹133.63 Cr | Investors: Shakambari Tie-Up Private Limited , Bahar Tie-Up Private Limited , Capable Infradevelopers Private Limited |
| Mar 2018 | Funding round | ₹37 Cr | Investors: Krishna Sudama Marketing Private Limited , Aryavrat Niwas Consultants Private Limited , Swapno Marketing Private Limited |
| Jun 2017 | Rights issue | ₹25.5 Cr | Investors: Pure Vanijya Private Limited , Attraction Tie-Up Private Limited , Shakambhari Agrotech Private Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Kavya Deal Trade Private Limited, Action Tie Up Private Limited , 2 individuals Seller: Bravo Erection Private Limited , Bravo Nirman LLP , Bhalotia Engineering Works Private Limited |
To see the full deal history of Bravo Sponge Iron Private 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
Bravo Sponge Iron Private Limited has 67 court cases on record: 32 filed by Bravo Sponge Iron, 35 filed against it. 7 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 26 | 2 |
| High courts | 20 | 9 | 5 |
| NCLAT | 4 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Registrar Court | Tribunal matter | Filed by the company against Jai Balaji Industries Limited and 2 others | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Jai Balaji Industries Limited. and 2 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against SPS Metal Cast & Alloys Limited and Ors. and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against Coal India Ltd & Ors | Disposed |
| High Court, West Bengal | Court case (WPA(P)) | Filed against the company by an individual | Pending |
To see the full case history of Bravo Sponge Iron Private 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
Bravo Sponge Iron Private Limited was last rated by Care on 19 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Sep 2022 |
To see the full credit ratings and regulatory alerts of Bravo Sponge Iron Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bravo Sponge Iron Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bravo Sponge Iron has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCB5058J1ZH | West Bengal | Active | 01 Jul 2017 |
| 19AACCB5058J1DQ | West Bengal | Active | 05 Nov 2024 |
To see the full GST registrations and return filing status of Bravo Sponge Iron Private Limited, buy the company report.
Recent activity
Bravo Sponge Iron Private Limited has 12 board changes on record since 2015: 4 appointments and 8 cessations. The latest: Sanjeev Kumar Sachan ceased to be Additional Director on 13 Mar 2024.
48 earlier events are in the company report.
Frequently asked questions
Bravo Sponge Iron 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.
Bravo Sponge Iron was a private limited company based in Kolkata, West Bengal, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 February 1997 and is registered under CIN U27106WB1997PTC082921. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bravo Sponge Iron was incorporated on 14 February 1997. It is registered with the Registrar of Companies, Kolkata.
Bravo Sponge Iron had 4 directors and KMP:
- Deepak Kumar Agarwal - Director
- Ramabatar Agarwal - Director
- Swati Agarwala - Director
- Amit Kumar Agarwal - Company Secretary
The CIN (Corporate Identification Number) of Bravo Sponge Iron is U27106WB1997PTC082921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bravo Sponge Iron is at Diamond Prestige, 41A A.J.C Bose Road 8 Thfloor Room No – 801, Kolkata, West Bengal, India – 700017.
Bravo Sponge Iron can be reached through the website shakambhariispat.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Bravo Sponge Iron on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bravo Sponge Iron is 19AACCB5058J1ZH, registered in West Bengal. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AACCB5058J1DQ (West Bengal).
Bravo Sponge Iron operated in the metals and minerals industry, in the steel manufacturing and processing segment.
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