About Chase Bright Steel Limited
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Chase Bright Steel Limited is a public limited company based in Panvel, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 October 1959 and has been in existence for over 67 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1959PLC011479. Its GSTIN is 27AAACC3618H1ZW (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (504671) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.69 Cr. It is led by directors including Avinash Alok Jajodia (Managing Director) and Shilpa Dutt.
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 Panvel, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹84.42 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Cr (net margin -152%) and EBITDA of -₹93.1 Lakh (EBITDA margin -110.3%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 51% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Chase Bright. As per MCA filings, the company has satisfied charges of ₹21.6 Cr on record. Court records list 36 cases involving the company, including 16 filed by the company and 20 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chasebright.in.
Company details
CIN history
Chase Bright Steel has one previous CIN (Corporate Identification Number): U99999MH1959PTC011479. The current CIN is L99999MH1959PLC011479, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1959PLC011479 | Current |
| U99999MH1959PTC011479 | Previous |
Contact details
Chase Bright Steel Limited's registered office is in Panvel, Maharashtra. Its website is chasebright.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice – D/115 S.Mkt., Plot – 514 Steel Chamber, Panvel, Maharashtra, India – 410218
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Chase Bright Steel 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
Chase Bright Steel operates one associated brand: Chase Bright. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Domain management, renewal, and privacy services online. | chasebright.com |
Business activity
The main business activity of Chase Bright Steel 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 Chase Bright Steel Limited, buy the company report.
Financials of Chase Bright Steel Limited
FY 2025 filings availableChase Bright Steel Limited reported revenue of ₹84.42 Lakh (down 64% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 64% fall in the latest year. EBITDA rose 87% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹84.42 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.28 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -110.3% | ||||
| Net Profit Margin | -152% | ||||
| 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 Chase Bright Steel Limited, buy the company report.
Board of directors of Chase Bright Steel Limited
Chase Bright Steel has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Dutt | Director | 12 Nov 2021 | 5 Years 0 Months | Current |
| Avinash Alok Jajodia | Managing Director | 12 Jun 1998 | 28 Years 5 Months | Current |
| Kanika Vijayvergiya | Director | 11 Nov 2016 | 10 Years 0 Months | Current |
Auditor
Chase Bright Steel Limited is audited by MAHENDRA KUMBHAT AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHENDRA KUMBHAT AND ASSOCIATES | FY 2022 | 105770W |
Shareholding
The shareholding of Chase Bright Steel 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 Chase Bright Steel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2016 | 100025472 | Others | ₹1.5 Cr | Satisfied | |
| 31 Aug 2015 | 10589349 | Reliance Capital Ltd | ₹16.58 Lakh | Satisfied | |
| 30 May 2015 | 10571517 | Religare Finvest Limited | ₹1.75 Cr | Satisfied | |
| 10 Dec 2014 | 10535099 | Religare Finvest Limited | ₹3.25 Cr | Satisfied | |
| 28 Feb 2013 | 10407827 | Religare Finvest Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Chase Bright Steel Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Chase Bright Steel Limited has 36 court cases on record: 16 filed by Chase Bright Steel, 20 filed against it. 2 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 9 | 0 |
| High courts | 16 | 11 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Aashree Engineering Pvt. Ltd. and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Sujata Trading Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Sujata Trading Private Limited | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by Panchmahal Steel Ltd | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
To see the full case history of Chase Bright Steel 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
Chase Bright Steel Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 16 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SCC and Company | |||
| an individual supplier | |||
| Vichare Express & Logistics Private Limited | |||
| Laxmi Drawing Dies | |||
| an individual supplier |
To see the full MSME payment records of Chase Bright Steel Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Chase Bright Steel Limited has a workforce of 1 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Chase Bright Steel Limited, buy the company report.
GST
Chase Bright Steel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC3618H1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chase Bright Steel Limited, buy the company report.
Recent activity
Chase Bright Steel Limited has 18 board changes on record since 1965: 11 appointments and 7 cessations. The latest: Nidhi Darshan Kothari was appointed as Company Secretary on 09 Nov 2024.
50 earlier events are in the company report.
Frequently asked questions
Chase Bright Steel is an active public limited company based in Panvel, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 October 1959 (67+ years old) and is registered under CIN L99999MH1959PLC011479.
Chase Bright Steel has 3 current directors:
- Avinash Alok Jajodia - Managing Director
- Shilpa Dutt - Director
- Kanika Vijayvergiya - Director
The latest financial statements of Chase Bright Steel 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 Chase Bright Steel is 27AAACC3618H1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Chase Bright Steel is L99999MH1959PLC011479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chase Bright Steel is recorded as a listed company by MCA, but trading in its shares on BSE (504671) has been suspended, so they do not currently trade on a stock exchange.
Chase Bright Steel has 36 court cases on record: 16 filed by the company and 20 filed against it. 2 are pending. Most are in the district courts.
Chase Bright Steel was incorporated on 16 October 1959, making it 67+ years old. It is registered with the Registrar of Companies, Mumbai.
Nidhi Darshan Kothari was appointed as Company Secretary on 09 Nov 2024. Hemant Murarka Ramgopal ceased to be Director on 12 Nov 2021. Shilpa Dutt was appointed as Director on 12 Nov 2021. Chase Bright Steel has 18 board changes on record in total.
Chase Bright Steel has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 16 overdue payments to 9 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Chase Bright Steel can be reached through the website chasebright.in. Its registered office is in Panvel, Maharashtra, India.
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