D. I. Steels Private Limited
About D. I. Steels Private Limited
Data last updated:
D. I. Steels Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 May 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2005PTC153442. Its GSTIN is 27AACCD1779Q1Z0 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹49.12 Lakh. It is led by directors including Anish Gupta (Irp/Rp/Liquidator) and Siddharth Praful Magia.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹159.34 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹63.04 Lakh (net margin 0.4%) and EBITDA of ₹1.74 Cr (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 559% over three years and 49% over five years.
As per MCA filings, the company has satisfied charges of ₹8 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Company details
Contact details
D. I. Steels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressUnit 10A Nanddeep Lnd Estate, Kondivita Lane Andheri Kurla Road, Mumbai, Maharashtra, India – 400069
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of D. I. Steels 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 D. I. Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of D. I. Steels Private Limited, buy the company report.
Financials of D. I. Steels Private Limited
FY 2024 filings availableD. I. Steels Private Limited reported revenue of ₹159.34 Cr (up 461% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 461% growth in the latest year. EBITDA rose 684% 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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| EBITDA | ₹1.74 Cr | ||||
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| Net Profit (PAT) | ₹63.04 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of D. I. Steels Private Limited, buy the company report.
Board of directors of D. I. Steels Private Limited
D. I. Steels has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anish Gupta Also directs: VKMG & Associates LLP, Atm Advisors Private Limited | Irp/Rp/Liquidator | 28 Nov 2024 | 1 Years 10 Months | As last reported |
| Siddharth Praful Magia Also directs: Rockford Modular Prefab LLP | Director | 19 May 2005 | 21 Years 5 Months | As last reported |
| Jayshree Praful Magia | Director | 01 Oct 2009 | 17 Years 0 Months | As last reported |
| Praful Hirabhai Magia | Director | 19 May 2005 | 21 Years 5 Months | As last reported |
Peer comparison
D. I. Steels Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swiss Steel India Private Limited | ₹160.82 Cr (FY 2025) | -5.0% | Ambernath, Maharashtra, India | |||
| Vasko Steels Private Limited | ₹160.51 Cr (FY 2025) | -15.0% | Ahmedabad, Gujarat, India | |||
| Balluram Steels Private Limited | ₹160.42 Cr (FY 2025) | 38.0% | Rourkela, Odisha, India | |||
| Taurus Commercials Private Limited | ₹159.56 Cr (FY 2025) | 18.0% | Patna, Bihar, India | |||
| D. I. Steels Private Limitedthis company | ₹159.34 Cr (FY 2024) | ₹63.04 Lakh | 0.4% | 461.0% | Mumbai, Maharashtra, India | |
| Wrinkle Distributors Private Limited | ₹159.14 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Truevalue Engineering Private Limited | ₹158.79 Cr (FY 2019) | -7.0% | Mumbai, Maharashtra, India | |||
| Sheetal Ispat Private Limited | ₹158.58 Cr (FY 2025) | -10.0% | Hyderabad, Telangana, India |
To see the full peer comparison of D. I. Steels Private Limited, buy the company report.
Auditor
D. I. Steels Private Limited is audited by K HAPANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K HAPANI & ASSOCIATES | FY 2023 | 134658W |
Shareholding
The shareholding of D. I. Steels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of D. I. Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 2006 | 90354535 | Bank of Baroda | ₹8 Cr | Satisfied |
To see the full charge records of D. I. Steels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
D. I. Steels Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of D. I. Steels 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for D. I. Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
D. I. Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD1779Q1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of D. I. Steels Private Limited, buy the company report.
Recent activity
D. I. Steels Private Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Anish Gupta was appointed as Irp/Rp/Liquidator on 28 Nov 2024.
Frequently asked questions
D. I. Steels is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
D. I. Steels is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 May 2005 and is registered under CIN U27100MH2005PTC153442. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
D. I. Steels has 4 current directors:
- Siddharth Praful Magia - Director
- Jayshree Praful Magia - Director
- Praful Hirabhai Magia - Director
- Anish Gupta - Irp/Rp/Liquidator
The latest financial statements of D. I. Steels 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 CIN (Corporate Identification Number) of D. I. Steels is U27100MH2005PTC153442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D. I. Steels has no open charges and satisfied charges of ₹8 Cr as per latest MCA filings.
D. I. Steels has 1 court case on record: 1 filed against it. 1 is pending.
D. I. Steels was incorporated on 19 May 2005. It is registered with the Registrar of Companies, Mumbai.
The peers of D. I. Steels by revenue are Swiss Steel India Private Limited, Vasko Steels Private Limited, Balluram Steels Private Limited, Taurus Commercials Private Limited, Wrinkle Distributors Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Anish Gupta was appointed as Irp/Rp/Liquidator on 28 Nov 2024. Nilesh Kishanlal Mistry ceased to be Director on 01 Sep 2024. Jayshree Praful Magia was appointed as Director on 01 Oct 2009. D. I. Steels has 5 board changes on record in total.
The registered office of D. I. Steels is at Unit 10A Nanddeep Lnd Estate, Kondivita Lane Andheri Kurla Road, Mumbai, Maharashtra, India – 400069.