About Calderys India Refractories Limited
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Calderys India Refractories Limited is a public limited company based in Katni, Madhya Pradesh, India, a subsidiary of California Holding Iii Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 12 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U02692MP2005PLC017865. Its GSTIN is 23AAFCA3610G1ZB (Madhya Pradesh). The company holds 25 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹51 Cr and a paid-up capital of ₹34.95 Cr. It was formerly known as Ace Calderys Limited and Ace Calderys Ltd. It is led by directors including Ish Mohan Garg (Managing Director) and Satyendra Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Katni Refractories Works Po Katni, Madhya Pradesh, India – 483504.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,532.97 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹211.9 Cr (net margin 13.8%) and EBITDA of ₹314.9 Cr (EBITDA margin 20.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 18% over five years.
The company has about 536 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ace Refractories. As per MCA filings, the company has open charges of ₹587.26 Cr and satisfied charges of ₹40 Cr on record. Court records list 87 cases involving the company, including 50 filed by the company and 37 filed against it; 12 cases are pending. The company has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹85.78 Cr; the latest was in March 2023. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 24 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 calderys.co.in.
Company details
Name history
Calderys India Refractories has undergone 3 name changes throughout its history. The company was previously known as Ace Calderys Limited, Ace Calderys Ltd, and Ace Refractories Limited. The current legal name is Calderys India Refractories Limited.
| Company Name | Status |
|---|---|
| Calderys India Refractories Limited | Current |
| Ace Calderys Limited | Previous |
| Ace Calderys Ltd | Previous |
| Ace Refractories Limited | Previous |
Contact details
Calderys India Refractories Limited's registered office is in Katni, Madhya Pradesh. Its website is calderys.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKatni Refractories Works Po Katni, Madhya Pradesh, India – 483504
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Calderys India Refractories 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
Brands
Calderys India Refractories operates one associated brand: Ace Refractories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Refractory materials are produced and distributed for industrial applications. | acerefractories.com |
Business activity
The main business activities of Calderys India Refractories are manufacturing, trade and support service to organizations. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, wholesale trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Calderys India Refractories Limited, buy the company report.
Financials of Calderys India Refractories Limited
FY 2024 filings availableCalderys India Refractories Limited reported revenue of ₹1,532.97 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 12% growth in the latest year. EBITDA rose 8% 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 | ₹314.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹211.9 Cr | ||||
| Balance Sheet | |||||
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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 | 20.5% | ||||
| Net Profit Margin | 13.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Calderys India Refractories Limited, buy the company report.
Board of directors and KMP of Calderys India Refractories Limited
Calderys India Refractories Limited currently reports 6 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyendra Kumar Also directs: Calderys Steelcasting India Private Limited | Director | 20 Jul 2023 | 3 Years 3 Months | Current |
| Ish Mohan Garg | Managing Director | 17 Mar 2017 | 9 Years 7 Months | Current |
| Pushpendra Nath Bagchi | Cfo | 01 Jun 2017 | 9 Years 4 Months | Current |
| Umesh Chander Deveshwar | Director | 21 Apr 2023 | 3 Years 6 Months | Current |
| Sphurti Gagandeep Singh | Additional Director | 11 Nov 2024 | 1 Years 11 Months | Current |
| Sanjeev Ranjan Also directs: PMC Software Labs Private Limited | Director | 09 May 2020 | 6 Years 5 Months | Current |
Auditor
Calderys India Refractories Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2022 | 117366W/W-100018 |
Shareholding
The shareholding of Calderys India Refractories 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Calderys India Refractories Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2024 | 100917921 | Sbicap Trustee Company Limited | ₹497 Cr | Open | |
| 31 Mar 2006 | 80006254 | Others | ₹26.3 Lakh | Open | |
| 27 Sep 2005 | 80006006 | State Bank of India | ₹90 Cr | Open | |
| 28 Sep 2006 | 10026110 | Union Bank of India | ₹20 Cr | Satisfied | |
| 31 Mar 2006 | 80006007 | Union Bank of India | ₹20 Cr | Satisfied |
To see the full charge records of Calderys India Refractories Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Calderys India Refractories Limited has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹85.78 Cr; the latest was in March 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: California Holding Iii Limited Seller: Imerys Asia Pacific Pte Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Imerys Asia Pacific Pte Limited Seller: 4 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Seller: Imerys Asia Pacific Pte Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Imerys Asia Pacific Pte Limited Seller: Icici Bank Limited , THE WESTERN INDIA TRUSTEE AND EXECUTOR COMPANY LIMITED, Icici Venture |
| Jul 2007 | Secondary share transfer | Undisclosed | Buyer: Icici Bank Limited Seller: THE WESTERN INDIA TRUSTEE AND EXECUTOR COMPANY LIMITED |
To see the full deal history of Calderys India Refractories 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
Calderys India Refractories Limited has 87 court cases on record: 50 filed by Calderys India Refractories, 37 filed against it. 12 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 19 | 10 |
| High courts | 28 | 16 | 2 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Bilt Graphic Paper Products Limited and 1 other | Pending |
| High Court, West Bengal | Civil suit | Filed against the company by Jai Balaji Industries Limited | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against M/S Preet Machines Limited and Other and 7 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Labdhi Exim Pvt Ltd and 1 other | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms. Labdhi Exim Pvt. Ltd. and 1 and 1 other | Pending |
To see the full case history of Calderys India Refractories 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
Calderys India Refractories Limited was last rated by Care on 19 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Jan 2026 |
To see the full credit ratings and regulatory alerts of Calderys India Refractories Limited, buy the company report.
MSME payment delays
Calderys India Refractories Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 24 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 24)
To see the full MSME payment records of Calderys India Refractories Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Calderys India Refractories Limited has a workforce of 536 employees on its EPFO records as of Aug 07, 2024, across 2 active EPFO establishments.
GST
Calderys India Refractories has 25 GST registrations: 12 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCA3610G1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
| 20AAFCA3610G1ZH | Jharkhand | Active | 01 Jul 2017 |
| 24AAFCA3610G1Z9 | Gujarat | Active | 01 Jul 2017 |
| 27AAFCA3610G1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Calderys India Refractories Limited, buy the company report.
Recent activity
Calderys India Refractories Limited has 35 board changes on record since 2007: 7 appointments and 28 cessations. The latest: Indra Nath Chakraborty was appointed as Additional Director on 31 Mar 2025.
38 earlier events are in the company report.
Frequently asked questions
Calderys India Refractories is an active public limited company based in Katni, Madhya Pradesh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 12 August 2005 (21+ years old) and is registered under CIN U02692MP2005PLC017865.
Calderys India Refractories has 7 current directors and KMP:
- Ish Mohan Garg - Managing Director
- Satyendra Kumar - Director
- Umesh Chander Deveshwar - Director
- Sphurti Gagandeep Singh - Additional Director
- Sanjeev Ranjan - Director
- Indra Nath Chakraborty - Additional Director
- Pushpendra Nath Bagchi - Cfo
The latest financial statements of Calderys India Refractories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Calderys India Refractories is 23AAFCA3610G1ZB, registered in Madhya Pradesh. The company has 25 GST registrations in all, of which 12 are active and 13 are cancelled or inactive. Other active GSTINs include 20AAFCA3610G1ZH (Jharkhand), 24AAFCA3610G1Z9 (Gujarat), 27AAFCA3610G1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Calderys India Refractories is U02692MP2005PLC017865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Calderys India Refractories has 87 court cases on record: 50 filed by the company and 37 filed against it. 12 are pending. Most are in the district courts.
Calderys India Refractories was incorporated on 12 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Gwalior.
Calderys India Refractories has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹85.78 Cr; the latest was in March 2023.
Indra Nath Chakraborty was appointed as Additional Director on 31 Mar 2025. Sphurti Gagandeep Singh was appointed as Additional Director on 11 Nov 2024. Satyendra Kumar ceased to be Additional Director on 29 Sep 2023. Calderys India Refractories has 35 board changes on record in total.
Calderys India Refractories has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 24 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Calderys India Refractories can be reached through the website calderys.co.in. Its registered office is in Katni, Madhya Pradesh, India.