About Erasteel India Private Limited
Data last updated:
Erasteel India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Erasteel S A S. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 05 January 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH2004PTC143838. Its GSTIN is 27AABCE3250C1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹40 Lakh. It is led by directors including Seshadri Ramanan Subramanian (Managing Director) and Nayana Savala Premji (Irp/Rp/Liquidator).
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 710 Swastic Chembers Off Sion Trombay Road Chembur East, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.66 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹2.3 Cr (net margin -12.3%) and EBITDA of -₹2.18 Cr (EBITDA margin -11.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹6 Lakh on record.
The last known website on record is erasteel.com.
Company details
Contact details
Erasteel India Private Limited's registered office is in Mumbai, Maharashtra. Its website is erasteel.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address710 Swastic Chembers Off Sion Trombay Road Chembur East, Mumbai, Maharashtra, India – 400071
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Erasteel India 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 Erasteel India 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 Erasteel India Private Limited, buy the company report.
Financials of Erasteel India Private Limited
FY 2024 filings availableErasteel India Private Limited reported revenue of ₹18.66 Cr (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 35% fall in the latest year. EBITDA fell 145% 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 | -₹2.18 Cr | ||||
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| Net Profit (PAT) | -₹2.3 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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| EBITDA Margin | -11.7% | ||||
| Net Profit Margin | -12.3% | ||||
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To see the full financial statements and ratios of Erasteel India Private Limited, buy the company report.
Board of directors of Erasteel India Private Limited
Erasteel India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayana Savala Premji Also directs: KLS Perfumes Private Limited, Fap Solutions Private Limited, Esavearth Mission Foundation and 1 more | Irp/Rp/Liquidator | 23 Apr 2025 | 1 Years 6 Months | As last reported |
| Cenac Francois Frederic | Additional Director | 01 Apr 2022 | 4 Years 6 Months | As last reported |
| Mala Krishnan | Director | 12 Sep 2016 | 10 Years 1 Months | As last reported |
| Seshadri Ramanan Subramanian | Managing Director | 12 Mar 2004 | 22 Years 7 Months | As last reported |
Peer comparison
Erasteel India Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Amman-Try Trading Company Private Limited | ₹18.84 Cr (FY 2024) | 122.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Shivshakti Meatals Private Limited | ₹18.75 Cr (FY 2025) | -34.0% | Delhi, India | |||
| Stainless Emporium Private Limited | ₹18.71 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Divik Metals Private Limited | ₹18.67 Cr (FY 2025) | 400.0% | Panvel, Maharashtra, India | |||
| Erasteel India Private Limitedthis company | ₹18.66 Cr (FY 2024) | -₹2.3 Cr | -12.3% | -35.0% | Mumbai, Maharashtra, India | |
| Apj Steel Impex Private Limited | ₹18.59 Cr (FY 2024) | 37.0% | New Delhi, Delhi, India |
To see the full peer comparison of Erasteel India Private Limited, buy the company report.
Auditor
Erasteel India Private Limited is audited by IYER VISHWANATH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| IYER VISHWANATH & CO | FY 2022 | 115428W |
Shareholding
The shareholding of Erasteel India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Erasteel India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2010 | 10245201 | Karur Vysya Bank | ₹6 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Erasteel India Private Limited 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 Erasteel India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Erasteel India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE3250C1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Erasteel India Private Limited, buy the company report.
Recent activity
Erasteel India Private Limited has 12 board changes on record since 2004: 4 appointments and 8 cessations. The latest: Nayana Savala Premji was appointed as Irp/Rp/Liquidator on 23 Apr 2025.
4 earlier events are in the company report.
Frequently asked questions
Erasteel India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Erasteel India is a company under liquidation, 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 05 January 2004 and is registered under CIN U51420MH2004PTC143838. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Erasteel India has 4 current directors:
- Seshadri Ramanan Subramanian - Managing Director
- Cenac Francois Frederic - Additional Director
- Mala Krishnan - Director
- Nayana Savala Premji - Irp/Rp/Liquidator
The latest financial statements of Erasteel India 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 Erasteel India is U51420MH2004PTC143838. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Erasteel India has open charges of ₹6 Lakh and no satisfied charges on record as per latest MCA filings.
Erasteel India was incorporated on 05 January 2004. It is registered with the Registrar of Companies, Mumbai.
The peers of Erasteel India by revenue are Amman-Try Trading Company Private Limited, Shivshakti Meatals Private Limited, Stainless Emporium Private Limited, Divik Metals Private Limited, Apj Steel Impex Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Nayana Savala Premji was appointed as Irp/Rp/Liquidator on 23 Apr 2025. Cenac Francois Frederic ceased to be Additional Director on 28 Feb 2025. Cenac Francois Frederic was appointed as Additional Director on 01 Apr 2022. Erasteel India has 12 board changes on record in total.
Erasteel India can be reached through the website erasteel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Erasteel India is at 710 Swastic Chembers Off Sion Trombay Road Chembur East, Mumbai, Maharashtra, India – 400071.