About Chetan Industries Limited
Data last updated:
Chetan Industries Limited was a public limited company based in Union Terirory, Chandigarh, 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 pipe and tubes segment of the manufacturing sector. It was incorporated on 21 December 1995.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U26941CH1995PLC017464. Its GSTIN is 22AAACC9253E1Z1 (Chattisgarh). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.61 Cr. It was formerly known as Bell Cements Limited. It was led by directors including Chetan Singla (Whole-Time Director) and Mithan Lal Singla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Scf 18 19 Sector 28 C Chandigarh, Union Terirory, Chandigarh, India – 160002.
As per the financials filed for FY 2022, the company reported a revenue of ₹379.85 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹11.04 Cr (net margin 2.9%) and EBITDA of ₹17.13 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 18% over five years.
The company had about 34 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Jtlinfra. As per MCA filings, the company had satisfied charges of ₹157.55 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.1 Cr; the latest was in August 2021. Its 7 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 4 smaller; the largest is Riddhi Steel and Tube Limited with revenue of ₹393.94 Cr.
The last known website on record is jtlinfra.com.
Company details
CIN history
Chetan Industries has one previous CIN (Corporate Identification Number): L26941CH1995PLC017464. The current CIN is U26941CH1995PLC017464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26941CH1995PLC017464 | Current |
| L26941CH1995PLC017464 | Previous |
Contact details
Chetan Industries Limited's registered office is in Union Terirory, Chandigarh. Its website is jtlinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressScf 18 19 Sector 28 C Chandigarh, Union Terirory, Chandigarh, India – 160002
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Chetan Industries 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
Chetan Industries operates one associated brand: Jtlinfra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure services are provided by Jtlinfra in Chandigarh, India. | jtlinfra.com |
Business activity
The main business activity of Chetan Industries 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 Chetan Industries Limited, buy the company report.
Financials of Chetan Industries Limited
FY 2022 filings availableChetan Industries Limited reported revenue of ₹379.85 Cr (up 49% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 49% growth in the latest year. EBITDA rose 52% 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 | ₹379.85 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.04 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 | 4.5% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 Chetan Industries Limited, buy the company report.
Board of directors of Chetan Industries Limited
Chetan Industries has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Singla Also directs: Mirage Infra Limited, Surani Steel Tubes Limited, Newchd Infradevelopers LLP and 5 more | Whole-Time Director | 04 Dec 2009 | 16 Years 11 Months | As last reported |
| Madan Mohan | Director | 14 Dec 2001 | 24 Years 10 Months | As last reported |
| Mithan Lal Singla | Whole-Time Director | 10 Sep 2004 | 22 Years 2 Months | As last reported |
| Vikas Chander Verma Also directs: Ashokam Technologies LLP, Ashokam Global (India) Private Limited | Director | 26 Mar 2016 | 10 Years 7 Months | As last reported |
| Vijay Singla | Director | 20 Sep 1999 | 27 Years 1 Months | As last reported |
| Rakesh Garg | Director | 14 Dec 2001 | 24 Years 10 Months | As last reported |
Peer comparison
Chetan Industries Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Pipes), 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 |
|---|---|---|---|---|---|---|
| Riddhi Steel and Tube Limited | ₹393.94 Cr (FY 2025) | 19.0% | Ahmedabad, Gujarat, India | |||
| A.S.T. Pipes Private Limited | ₹382.89 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| H.M. Industrial Private Limited | ₹382.5 Cr (FY 2018) | 101.0% | Kheda, Gujarat, India | |||
| Chetan Industries Limitedthis company | ₹379.85 Cr (FY 2022) | ₹11.04 Cr | 2.9% | 49.0% | 34 | Union Terirory, Chandigarh, India |
| Ravi Seamless Pipes India Private Limited | ₹378.88 Cr (FY 2025) | 43.0% | Hisar, Haryana, India | |||
| A-One Gold Pipes and Tubes Private Limited | ₹372.88 Cr (FY 2025) | -14.0% | Bengaluru, Karnataka, India | |||
| P.S. Steel Tubes Private Limited | ₹370.44 Cr (FY 2025) | -16.0% | Durg, Chhattisgarh, India | |||
| Heavy Metal and Tubes (India) Private Limited | ₹359 Cr (FY 2025) | 40.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Chetan Industries Limited, buy the company report.
Auditor
Chetan Industries Limited is audited by Joglekar Maitra & Co. Chartered Accountants for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Joglekar Maitra & Co. Chartered Accountants | FY 2022 | 07747C |
Shareholding
The shareholding of Chetan Industries 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 Chetan Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2021 | 100436689 | Standard Chartered Bank | ₹45 Cr | Satisfied | |
| 30 Dec 2019 | 100312327 | Others | ₹90 Cr | Satisfied | |
| 30 Oct 2012 | 10386682 | Oriental Bank of Commerce | ₹4.3 Cr | Satisfied | |
| 24 Apr 2008 | 10104369 | Others | ₹11.25 Cr | Satisfied | |
| 02 Nov 2006 | 10024752 | Punjab National Bank | ₹7 Cr | Satisfied |
To see the full charge records of Chetan Industries Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Chetan Industries Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.1 Cr; the latest was in August 2021.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Acquisition | Undisclosed | Buyer: JTL Industries Limited |
| Mar 2014 | Funding round | ₹10 Lakh | Investors: Deep Iron & Steel Pvt. Ltd. |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Mithan Lal & Sons HUF, 3 individuals |
To see the full deal history of Chetan Industries 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
Chetan Industries Limited has 4 court cases on record: 4 filed by Chetan Industries. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against M/S Kabra Steel Tubes Company | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Chetan Industries 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
No delayed payments to MSME suppliers are on our record for Chetan Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chetan Industries Limited has a workforce of 34 employees on its EPFO records as of Apr 01, 2025, across 1 active EPFO establishment.
GST
Chetan Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAACC9253E1Z1 | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chetan Industries Limited, buy the company report.
Recent activity
Chetan Industries Limited has 11 board changes on record since 1999: 7 appointments and 4 cessations. The latest: Preet Kamal Kaur Bhatia ceased to be Additional Director on 09 Nov 2020.
14 earlier events are in the company report.
Frequently asked questions
Chetan Industries 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.
Chetan Industries was a public limited company based in Union Terirory, Chandigarh, India. The company worked in pipe and tubes, within the manufacturing industry. It was incorporated on 21 December 1995 and is registered under CIN U26941CH1995PLC017464. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Chetan Industries was incorporated on 21 December 1995. It is registered with the Registrar of Companies, Chandigarh.
Chetan Industries had 7 directors:
- Chetan Singla - Whole-Time Director
- Mithan Lal Singla - Whole-Time Director
- Madan Mohan - Director
- Vikas Chander Verma - Director
- Vijay Singla - Director
- Rakesh Garg - Director
- Preet Kamal Kaur Bhatia - Director
The CIN (Corporate Identification Number) of Chetan Industries is U26941CH1995PLC017464. 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 Chetan Industries is at Scf 18 19 Sector 28 C Chandigarh, Union Terirory, Chandigarh, India – 160002.
Chetan Industries can be reached through the website jtlinfra.com. Its registered office is in Union Terirory, Chandigarh, India.
The latest financial statements of Chetan Industries on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Chetan Industries is 22AAACC9253E1Z1, registered in Chattisgarh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Chetan Industries operated in the manufacturing industry, in the pipe and tubes segment.
Chetan Industries has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.1 Cr; the latest was in August 2021.
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