Coromandel Steels Ltd
About Coromandel Steels Ltd
Data last updated:
Coromandel Steels Ltd is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Wesco Engineers Ltd. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 10 June 1958 and has been in existence for over 68 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27209TN1958PLC003651. Its GSTIN is 33AAACC3089L2ZK (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2.45 Cr and a paid-up capital of ₹1.91 Cr. It is led by directors including Mandakolathur Sivakaminathan Seshadri and Rajagopal Sowmithri.
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 21C A R K Colony Eldams Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.48 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.75 Lakh (net margin -17%) and EBITDA of -₹8.75 Lakh (EBITDA margin -17%).
As per MCA filings, the company has open charges of ₹1.17 Cr and satisfied charges of ₹9.41 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Coromandel Steels Ltd's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21C A R K Colony Eldams Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Coromandel Steels Ltd, 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 Coromandel Steels 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 Coromandel Steels Ltd, buy the company report.
Financials of Coromandel Steels Ltd
FY 2025 filings availableCoromandel Steels Ltd reported revenue of ₹51.48 Lakh (up 1142% YoY) for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹8.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.75 Lakh | ||||
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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 | -17% | ||||
| Net Profit Margin | -17% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Coromandel Steels Ltd, buy the company report.
Board of directors of Coromandel Steels Ltd
Coromandel Steels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandakolathur Sivakaminathan Seshadri Also directs: Spheroidal Castings Limited, Vellore Electric Corporation Ltd | Director | 05 Nov 2018 | 8 Years 0 Months | Current |
| Rajagopal Sowmithri Also directs: Spheroidal Castings Limited, Wesco Engineers Ltd | Director | 01 Mar 2004 | 22 Years 8 Months | Current |
| Korukkai Ramachandran Visweswaran | Director | 06 May 1987 | 39 Years 6 Months | Current |
Peer comparison
Coromandel Steels Ltd is compared with the 8 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| G.D. Bansal Ispat Private Limited | ₹51.61 Lakh (FY 2025) | -21.0% | Samalkha, Haryana, India | |||
| Janani Kitchen Appliances Private Limited | ₹51.55 Lakh (FY 2025) | 0.0% | Hosur, Tamil Nadu, India | |||
| Aks Embroidery Private Limited | ₹51.53 Lakh (FY 2016) | -56.0% | Tirupur, Tamil Nadu, India | |||
| Harten Metal Formings Private Limited | ₹51.49 Lakh (FY 2024) | -56.0% | Coimbatore, Tamil Nadu, India | |||
| Growins Precicasts Private Limited | ₹51.49 Lakh (FY 2017) | Karamadai, Tamil Nadu, India | ||||
| Coromandel Steels Ltdthis company | ₹51.48 Lakh (FY 2025) | -₹8.75 Lakh | -17% | 1142.0% | Chennai, Tamil Nadu, India | |
| Pattambi Re Rolling Mills Private Limited | ₹51.46 Lakh (FY 2020) | Palakkad, Kerala, India | ||||
| Grindwell Steel and Allied Products Private Limited | ₹51.44 Lakh (FY 2025) | -68.0% | Bangalore, Karnataka, India | |||
| Shree Bhawani Copper Private Limited | ₹51.4 Lakh (FY 2024) | Mumbai, Maharashtra, India |
To see the full peer comparison of Coromandel Steels Ltd, buy the company report.
Auditor
Coromandel Steels Ltd is audited by P RAJAGOPALAN AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P RAJAGOPALAN AND CO | FY 2022 | 003408S |
Shareholding
The shareholding of Coromandel Steels Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coromandel Steels Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 1989 | 90298481 | Bank of India | ₹83.39 Lakh | Open | |
| 20 Nov 1980 | 90299240 | Bank of India | ₹6.2 Lakh | Open | |
| 12 Dec 1977 | 90299077 | Bank of India | ₹22.51 Lakh | Open | |
| 20 Aug 1974 | 90298969 | Bank of India | ₹44,000 | Open | |
| 01 Jul 1974 | 90298962 | Bank of India | ₹44,000 | Open |
To see the full charge records of Coromandel Steels Ltd, buy the company report.
Total charge records: 11 View all charges
Legal cases
No court or tribunal cases involving Coromandel Steels Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Coromandel Steels Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coromandel Steels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACC3089L2ZK | Tamil Nadu | Active | 10 Jan 2024 |
| 29AAACC3089L1ZA | Karnataka | Active | 21 Dec 2018 |
To see the full GST registrations and return filing status of Coromandel Steels Ltd, buy the company report.
Recent activity
Coromandel Steels Ltd has 4 board changes on record since 1987: 3 appointments and 1 cessation. The latest: Thanjavur Muthusamy Srinivasan ceased to be Director on 29 Apr 2019.
17 earlier events are in the company report.
Frequently asked questions
Coromandel Steels is an active public limited company based in Chennai, Tamil Nadu, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 10 June 1958 (68+ years old) and is registered under CIN U27209TN1958PLC003651.
Coromandel Steels has 3 current directors:
- Mandakolathur Sivakaminathan Seshadri - Director
- Rajagopal Sowmithri - Director
- Korukkai Ramachandran Visweswaran - Director
The latest financial statements of Coromandel Steels 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 Coromandel Steels is 33AAACC3089L2ZK, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACC3089L1ZA (Karnataka).
The CIN (Corporate Identification Number) of Coromandel Steels is U27209TN1958PLC003651. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coromandel Steels was incorporated on 10 June 1958, making it 68+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Coromandel Steels by revenue are G.D. Bansal Ispat Private Limited, Janani Kitchen Appliances Private Limited, Aks Embroidery Private Limited, Harten Metal Formings Private Limited, Growins Precicasts Private Limited and 3 more, all in the same principal business activity (metal and metal products).
Thanjavur Muthusamy Srinivasan ceased to be Director on 29 Apr 2019. Mandakolathur Sivakaminathan Seshadri was appointed as Director on 05 Nov 2018. Rajagopal Sowmithri was appointed as Director on 01 Mar 2004. Coromandel Steels has 4 board changes on record in total.
The registered office of Coromandel Steels is at 21C A R K Colony Eldams Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
Coromandel Steels operates in the metal and minerals industry, in the metalworking segment.
Coromandel Steels has open charges of ₹1.17 Cr and satisfied charges of ₹9.41 Cr as per latest MCA filings.
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