About Dhruvdesh Metasteel Private Limited
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Dhruvdesh Metasteel Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Dhruvdesh Investments Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02710KA2003PTC032456. Its GSTIN is 29AACCD4590P1ZZ (Karnataka).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹47.58 Cr. It was formerly known as Dhruvesh Metasteel Private Limited. It is led by directors including Thyamagondalu Ramakrishnaiah Ramachandrarao and Prasad Raghunath Deshpande.
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 1st Floor No.372 Nilaya Opp R T Nagar Police Station R T Nagar Main Road, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2024, the company reported a revenue of ₹225.12 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.04 Cr (net margin 1.3%) and EBITDA of ₹6.82 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 11% over five years.
The company has about 147 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹84.36 Cr on record. Court records list 15 cases involving the company, including 11 filed by the company and 4 filed against it; 4 cases are pending. The company has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.76 Cr; the latest was in March 2018. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 smaller; the largest is D H Bars & Wires Private Limited with revenue of ₹226.33 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhruvdeshmetasteel.com.
Company details
Contact details
Dhruvdesh Metasteel Private Limited's registered office is in Bangalore, Karnataka. Its website is dhruvdeshmetasteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor No.372 Nilaya Opp R T Nagar Police Station R T Nagar Main Road, Bangalore, Karnataka, India – 560032
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Dhruvdesh Metasteel 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 activities of Dhruvdesh Metasteel are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Dhruvdesh Metasteel Private Limited, buy the company report.
Financials of Dhruvdesh Metasteel Private Limited
FY 2024 filings availableDhruvdesh Metasteel Private Limited reported revenue of ₹225.12 Cr (down 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 62% 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 | ₹6.82 Cr | ||||
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| Net Profit (PAT) | ₹3.04 Cr | ||||
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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 | 3% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Dhruvdesh Metasteel Private Limited, buy the company report.
Board of directors of Dhruvdesh Metasteel Private Limited
Dhruvdesh Metasteel has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thyamagondalu Ramakrishnaiah Ramachandrarao Also directs: Stale Tracom Pvt Ltd | Director | 30 Jul 2007 | 19 Years 3 Months | Current |
| Prasad Raghunath Deshpande | Director | 27 Aug 2003 | 23 Years 2 Months | Current |
| Raghavendra Vithalarao Onkar Also directs: Dhruvdesh Investments Private Limited | Director | 03 Aug 2020 | 6 Years 3 Months | Current |
Peer comparison
Dhruvdesh Metasteel Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| D H Bars & Wires Private Limited | ₹226.33 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Sumangal Ispat Private Limited | ₹225.88 Cr (FY 2024) | -6.0% | Durgapur Mc, West Bengal, India | |||
| Gopal Sponge and Power Private Limited | ₹225.82 Cr (FY 2022) | 23.0% | Raipur, Chhattisgarh, India | |||
| Ridhi Sidhi Iron Private Limited | ₹225.3 Cr (FY 2025) | 19.0% | Howrah, West Bengal, India | |||
| Dhruvdesh Metasteel Private Limitedthis company | ₹225.12 Cr (FY 2024) | ₹3.04 Cr | 1.3% | -11.0% | Bangalore, Karnataka, India | |
| Jagdish Ispat Private Limited | ₹224.12 Cr (FY 2025) | -1.0% | Raipur, Chhattisgarh, India | |||
| Saeco Strips Private Limited | ₹223.97 Cr (FY 2025) | 10.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Dhruvdesh Metasteel Private Limited, buy the company report.
Auditor
Dhruvdesh Metasteel Private Limited is audited by Raghavan, Chaudhuri & Narayanan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raghavan, Chaudhuri & Narayanan | FY 2023 | 007761S |
Shareholding
The shareholding of Dhruvdesh Metasteel Private 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhruvdesh Metasteel Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2022 | 100657499 | Others | ₹20 Cr | Open | |
| 09 Mar 2010 | 10210899 | State Bank of India | ₹69.5 Cr | Satisfied | |
| 13 Aug 2009 | 10174451 | The Sirsi Urban Sahakari Bank Limited | ₹6.45 Lakh | Satisfied | |
| 23 Sep 2005 | 80060749 | Andhra Bank | ₹3 Cr | Satisfied | |
| 04 Nov 2004 | 90194569 | Andhra Bank | ₹11.8 Cr | Satisfied |
To see the full charge records of Dhruvdesh Metasteel Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Dhruvdesh Metasteel Private Limited has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.76 Cr; the latest was in March 2018.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Funding round | ₹2.15 Cr | Investors: Stale Tracom Pvt Ltd |
| Jun 2014 | Funding round | ₹2.5 Cr | Investors: Stale Tracom Pvt Ltd |
| Mar 2011 | Funding round | ₹2.09 Cr | Investors: Dhruvdesh Investments Private Limited , an individual |
| Mar 2010 | Funding round | ₹1.52 Cr | Investors: Dhruvdesh Investments Private Limited |
| Dec 2008 | Funding round | ₹2.55 Cr | Investors: Dhruvdesh Investments Private Limited |
To see the full deal history of Dhruvdesh Metasteel Private 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
Dhruvdesh Metasteel Private Limited has 15 court cases on record: 11 filed by Dhruvdesh Metasteel, 4 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 4 |
| District courts | 4 | 2 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited (Kptcl), and 2 others | Pending |
| High Court | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited and 6 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited and 1 other | Pending |
| Supreme Court | Court case | Filed by the company against Kiocl Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Sathavahana Ispat Private Limited | Pending |
To see the full case history of Dhruvdesh Metasteel 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.
Credit ratings & regulatory alerts
Dhruvdesh Metasteel Private Limited was last rated by Icra on 18 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Jun 2019 |
To see the full credit ratings and regulatory alerts of Dhruvdesh Metasteel Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhruvdesh Metasteel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhruvdesh Metasteel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD4590P1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhruvdesh Metasteel Private Limited, buy the company report.
Recent activity
Dhruvdesh Metasteel Private Limited has 7 board changes on record since 2003: 3 appointments and 4 cessations. The latest: Raghavendra Vithalarao Onkar ceased to be Additional Director on 31 Dec 2020.
10 earlier events are in the company report.
Frequently asked questions
Dhruvdesh Metasteel is an active private limited company based in Bangalore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 August 2003 (23+ years old) and is registered under CIN U02710KA2003PTC032456.
Dhruvdesh Metasteel has 3 current directors:
- Thyamagondalu Ramakrishnaiah Ramachandrarao - Director
- Prasad Raghunath Deshpande - Director
- Raghavendra Vithalarao Onkar - Director
The latest financial statements of Dhruvdesh Metasteel 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 Dhruvdesh Metasteel is 29AACCD4590P1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Dhruvdesh Metasteel is U02710KA2003PTC032456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhruvdesh Metasteel has 15 court cases on record: 11 filed by the company and 4 filed against it. 4 are pending. Most are in the high courts.
Dhruvdesh Metasteel was incorporated on 27 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Dhruvdesh Metasteel has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.76 Cr; the latest was in March 2018.
The peers of Dhruvdesh Metasteel by revenue are D H Bars & Wires Private Limited, Sumangal Ispat Private Limited, Gopal Sponge and Power Private Limited, Ridhi Sidhi Iron Private Limited, Jagdish Ispat Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Raghavendra Vithalarao Onkar ceased to be Additional Director on 31 Dec 2020. Raghavendra Vithalarao Onkar was appointed as Director on 03 Aug 2020. Rajender Kumar Singhal ceased to be Director on 02 Mar 2009. Dhruvdesh Metasteel has 7 board changes on record in total.
Dhruvdesh Metasteel can be reached through the website dhruvdeshmetasteel.com. Its registered office is in Bangalore, Karnataka, India.
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