About Essar Minmet Limited
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Essar Minmet Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essar Investment Holdings Mauritius Limited. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 15 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2016PLC355097. Its GSTIN is 27AADCH9948J1ZY (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Hazira Steel Limited and Hazira Metallics Limited. It is led by directors including Sashi Shekhar Mohanty (Managing Director) and Ayyalasomayajula Srinivasa Prasad (Whole-Time Director).
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 Essar House 11 K Marg Mahalaxmi Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.81 Lakh. For the same year it recorded a net loss of ₹77.97 Lakh and EBITDA of -₹75.23 Lakh.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹477.22 Cr on record. The company has 6 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹36.62 Cr; the latest was in April 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website essar.com.
Company details
Name history
Essar Minmet has undergone 4 name changes throughout its history. The current legal name is Essar Minmet Limited.
| Company Name | Status |
|---|---|
| Essar Minmet Limited | Current |
| Hazira Steel Limited | Previous |
| Hazira Metallics Limited | Previous |
| Hazira Mettalics Limited | Previous |
| Hazira Shipping Limited | Previous |
CIN history
Essar Minmet has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100MH2016PLC355097, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH2016PLC355097 | Current |
| U51101GJ2016PLC086090 | Previous |
| U27100GJ2016PLC086090 | Previous |
Contact details
Essar Minmet Limited's registered office is in Mumbai, Maharashtra. Its website is essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEssar House 11 K Marg Mahalaxmi Mumbai, Maharashtra, India – 400034
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Essar Minmet 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
Financials of Essar Minmet Limited
FY 2025 filings availableEssar Minmet Limited reported revenue of ₹1.81 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.81 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹75.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹77.97 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Essar Minmet Limited, buy the company report.
Board of directors and KMP of Essar Minmet Limited
Essar Minmet Limited currently reports 3 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayyalasomayajula Srinivasa Prasad Also directs: Essar Minmet India Limited | Whole-Time Director | 07 Sep 2023 | 3 Years 2 Months | Current |
| Sashi Shekhar Mohanty | Managing Director | 23 Sep 2022 | 4 Years 1 Months | Current |
| Ketan Shah Kantibhai | Cfo | 19 Jul 2023 | 3 Years 3 Months | Current |
| Ashok Kumar Mangotra | Director | 12 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Essar Minmet Limited is audited by N K R & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K R & Co. | FY 2023 | 127820 W |
Shareholding
The shareholding of Essar Minmet 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 Essar Minmet Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2025 | 101113752 | Others | ₹470 Cr | Open | |
| 10 Jul 2023 | 100755436 | Others | ₹5 Lakh | Open | |
| 06 Apr 2023 | 100710666 | Others | ₹54 Lakh | Open | |
| 06 Apr 2023 | 100709949 | Others | ₹6.63 Cr | Open |
To see the full charge records of Essar Minmet Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Essar Minmet Limited has 6 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹36.62 Cr; the latest was in April 2022.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Essar Investment Holdings Mauritius Limited, Essar Investment Holdings Mauritius Limited & Lokesh Vij, Essar Investment Holdings Mauritius Limited & Mahadev Iyer Seller: NGC Trading Limited, Essar Steel Metal Trading Limited , Essar Steel Metal Trading Limited & Priyanka Oka |
| Sep 2019 | Rights issue | ₹2 Cr | Investors: NGC Trading Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Essar Steel Metal Trading Limited & Kapil Purohit, Essar Steel Metal Trading Limited & Laxmi Joshi, Essar Steel Metal Trading Limited & Mukesh Jain Seller: Essar Steel Asia Holdings Limited & Dilip Deokar & Pankaj Chourasia, Essar Steel Asia Holdings Limited, Essar Steel Asia Holdings Limited & Dilip Deokar & Lalit Periwal |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Essar Steel Asia Holdings Limited & Dilip Deokar & Pankaj Chourasia, Essar Steel Asia Holdings Limited & Pankaj Chourasia & Lalit Periwal, Essar Steel Asia Holdings Limited Seller: 4 individuals |
To see the full deal history of Essar Minmet 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
No court or tribunal cases involving Essar Minmet 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 Essar Minmet Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Essar Minmet has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Essar Minmet Limited has a workforce of 20 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Essar Minmet has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCH9948J1ZY | Maharashtra | Active | 24 Feb 2024 |
| 21AADCH9948J1ZA | Odisha | Active | 13 Sep 2019 |
To see the full GST registrations and return filing status of Essar Minmet Limited, buy the company report.
Recent activity
Essar Minmet Limited has 27 board changes on record since 2016: 4 appointments and 23 cessations. The latest: Ashok Kumar Mangotra ceased to be Additional Director on 29 Sep 2023.
25 earlier events are in the company report.
News
Frequently asked questions
Essar Minmet is an active public limited company based in Mumbai, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 15 February 2016 (10+ years old) and is registered under CIN U27100MH2016PLC355097.
Essar Minmet has 4 current directors and KMP:
- Sashi Shekhar Mohanty - Managing Director
- Ayyalasomayajula Srinivasa Prasad - Whole-Time Director
- Ashok Kumar Mangotra - Director
- Ketan Shah Kantibhai - Cfo
The latest financial statements of Essar Minmet 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 FY 2016 are in the company report.
The GSTIN of Essar Minmet is 27AADCH9948J1ZY, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 21AADCH9948J1ZA (Odisha).
The CIN (Corporate Identification Number) of Essar Minmet is U27100MH2016PLC355097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essar Minmet was incorporated on 15 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Essar Minmet has 6 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹36.62 Cr; the latest was in April 2022.
Ashok Kumar Mangotra ceased to be Additional Director on 29 Sep 2023. Amit Sen ceased to be Additional Director on 07 Sep 2023. Anil Kumar Chaudhary ceased to be Additional Director on 07 Sep 2023. Essar Minmet has 27 board changes on record in total.
Essar Minmet can be reached through the website essar.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Essar Minmet is at Essar House 11 K Marg Mahalaxmi Mumbai, Maharashtra, India – 400034.
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