India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#292- Valuation
- ₹11,600 Cr
2021 #287
Revenue · FY 2025
₹3,429.39 Cr
▲ 30% YoY
Net loss · FY 2025
₹143.25 Cr
Net margin -4.2%
EBITDA · FY 2025
₹702.34 Cr
EBITDA margin 20.5%
Authorised capital
₹7,000 Cr
Registered with MCA
Paid-up capital
₹1,958.21 Cr
Issued & subscribed
Open charges
₹1,931 Cr
Satisfied ₹3,246.4 Cr
Company age
76 yrs
Est. 1950
Employees · EPFO
102
Provident fund records
About Essel Mining & Industries Ltd.
Data last updated:
Essel Mining & Industries Ltd. is a public limited company based in Kolkata, West Bengal, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 01 April 1950 and has been in existence for over 76 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1950PLC018728. Its GSTIN is 19AAACE6607L1ZF (West Bengal). The company holds 17 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹7,000 Cr and a paid-up capital of ₹1,958.21 Cr. It was formerly known as S. Lal & Co. Ltd. It is led by directors including Cherian Maliyackal Thomas (Managing Director) and Ravindra Kastia.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 Camac Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,429.39 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹143.25 Cr (net margin -4.2%) and EBITDA of ₹702.34 Cr (EBITDA margin 20.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
The company has about 102 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries.
The company is associated with 1 brand: Essel Mining & Industries. As per MCA filings, the company has open charges of ₹1,931 Cr and satisfied charges of ₹3,246.4 Cr on record. Court records list 232 cases involving the company, including 140 filed by the company and 92 filed against it; 55 cases are pending. The company has 19 deals on record (10 secondary share transfers, 6 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹8,896.83 Cr; the latest was in March 2023. The company has 3 MSME Form 1 returns on record between 2019 and 2021, listing 8 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esselmining.com.
Company details
CIN U51109WB1950PLC018728
Registration Number 018728
Incorporation Date 01 April 1950
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Cherian Maliyackal Thomas Managing Director Ravindra Kastia Director Deeksha Sharma Vats Director Recognitions & Rankings of Essel Mining & Industries
Contact details
Essel Mining & Industries Ltd.'s registered office is in Kolkata, West Bengal. Its website is esselmining.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10 Camac Street, Kolkata, West Bengal, India – 700017
- IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
To see the full contact details of Essel Mining & Industries Ltd., buy the company report.
Comprehensive company report
Essel Mining & Industries Ltd. - one report that includes everything
- 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
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Brands
Essel Mining & Industries operates one associated brand: Essel Mining & Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron ore mining company | esselmining.com |
Business activity
The main business activities of Essel Mining & Industries are electricity, gas, steam and air condition supply and manufacturing. In detail, this covers electric power generation, transmission and distribution and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Essel Mining & Industries Ltd., buy the company report.
Financials of Essel Mining & Industries Ltd.
FY 2025 filings availableEssel Mining & Industries Ltd. reported revenue of ₹3,429.39 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹3,429.39 Cr ▲ 30%
Net loss · FY 2025
₹143.25 Cr margin -4.2%
EBITDA · FY 2025
₹702.34 Cr margin 20.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▼ 11%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▼ 30%
5 years · compounded
▼ 19%
Revenue rose 30% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹702.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹143.25 Cr | ||||
| Balance Sheet | |||||
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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 | 20.5% | ||||
| Net Profit Margin | -4.2% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Essel Mining & Industries Ltd., buy the company report.
Board of directors of Essel Mining & Industries Ltd.
Essel Mining & Industries has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Kastia Also directs: Century Enka Limited, Bhubaneswari Coal Mining Limited, Rajmahal Coal Mining Limited and 1 more | Director | 08 Aug 2024 | 2 Years 2 Months | Current |
| Deeksha Sharma Vats | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Sushil Agarwal | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Cherian Maliyackal Thomas Also directs: Bhubaneswari Coal Mining Limited, Rajmahal Coal Mining Limited, Subhadra Coal Mining Limited and 2 more | Managing Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Arun Laddha | Additional Director | 06 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Essel Mining & Industries Ltd. is audited by Singhi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2023 | 302049 |
Shareholding
The shareholding of Essel Mining & Industries Ltd. 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 Essel Mining & Industries Ltd., buy the company report.
Charges & borrowings
Open charges
₹1,931 Cr
Satisfied charges
₹3,246.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2023 | 100817278 | Others | ₹320 Cr | Open | |
| 16 Dec 2020 | 100400449 | Axis Bank Limited | ₹500 Cr | Open | |
| 16 Nov 2020 | 100392431 | Others | ₹160 Cr | Open | |
| 30 May 2019 | 100268605 | Axis Bank Limited | ₹386 Cr | Open | |
| 08 Sep 2008 | 10123016 | State Bank of India | ₹565 Cr | Open |
To see the full charge records of Essel Mining & Industries Ltd., buy the company report.
Total charge records: 46 View all charges
Deals & funding
Essel Mining & Industries Ltd. has 19 deals on record (10 secondary share transfers, 6 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹8,896.83 Cr; the latest was in March 2023.
Total deals
19
Secondary share transfers
10
Funding rounds
6
Convertible or debt financings
2
Rights issue
1
Disclosed funding
₹8,896.83 Cr
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Umang Commercial Co Private Limited , Axis Bank Limited Seller: Aditya Marketing & Manufacturing Limited, Manav Investment & Trading Co Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Pan Emami Cosmed Limited Seller: New Way Constructions Ltd |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Umang Commercial Co Private Limited , an individual Seller: Aditya Birla Family Trust, Birla Group Holdings Private Limited |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Birla Group Holdings Private Limited , Umang Commercial Co Private Limited Seller: Meenakshi Steel Industries Limited , Mansoon Trading Co. Limited, Jatayu Textile & Industries Limited |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: Birla Group Holdings Private Limited Seller: Jatayu Textile & Industries Limited |
To see the full deal history of Essel Mining & Industries Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Essel Mining & Industries Ltd. has 232 court cases on record: 140 filed by Essel Mining & Industries, 92 filed against it. 55 cases are pending and 177 are disposed.
Total cases
232
Filed by the company
140
Filed against the company
92
Pending
55
Disposed
177
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 160 | 64 | 36 |
| District courts | 49 | 21 | 6 |
| Supreme Court | 21 | 6 | 12 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 232)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Keonjhar, Odisha | Court case (Cs (iii)) | Filed by the company against Keaton Energy Holdings Private Limited | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against Mahanadi Coalfields Limited, Sambalpur and 1 other | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Manikaran Analytics Ltd and 3 others | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S Ravi Udyog Private Limited (Rupl) | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by M/S Ravi Udyog Private Limited | Disposed |
To see the full case history of Essel Mining & Industries Ltd., 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
Essel Mining & Industries Ltd. was last rated by Care on 02 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 02 Nov 2021 |
To see the full credit ratings and regulatory alerts of Essel Mining & Industries Ltd., buy the company report.
MSME payment delays
Essel Mining & Industries Ltd. has 3 MSME Form 1 returns on record between 2019 and 2021, listing 8 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Gre(En)Viro Bio Solutions Private Limited | |||
| an individual supplier | |||
| Enva Water Technologies Private Limited | |||
| Switching Avo Electro Power Limited |
To see the full MSME payment records of Essel Mining & Industries Ltd., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Essel Mining & Industries has 10 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
10
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bhubaneswari Coal Mining Limited | U10102WB2010PLC153242 | |
| Rajmahal Coal Mining Limited | U10300WB2012PLC181325 | |
| Emil Mines and Mineral Resources Limited | U14290WB2020PLC236717 | |
| Amelia Coal Mining Limited | U14290WB2022PLC252234 | |
| Subhadra Coal Mining Limited | U14290WB2022PLC253656 | |
| Electrotherm Renewables Private Limited | U31900GJ2008PTC055471 |
To see the full group structure of Essel Mining & Industries Ltd., buy the company report.
Employees & EPFO
Essel Mining & Industries Ltd. has a workforce of 102 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
Employee count
102
Active EPFO establishments
2
Employee growth
-32.89%
GST
Essel Mining & Industries has 17 GST registrations: 11 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
11
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACE6607L1ZF | West Bengal | Active | 01 Jul 2017 |
| 19AAACE6607L2ZE | West Bengal | Active | 23 Jul 2017 |
| 06AAACE6607L1ZM | Haryana | Active | 01 Jul 2017 |
| 08AAACE6607L1ZI | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essel Mining & Industries Ltd., buy the company report.
Recent activity
Essel Mining & Industries Ltd. has 28 board changes on record since 2009: 8 appointments and 20 cessations. The latest: Arun Laddha was appointed as Additional Director on 06 Aug 2025.
AGM
Essel Mining & Industries Ltd. last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Arun Laddha was appointed as Additional Director.
Filing
Essel Mining & Industries Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Ceased
Sunil Kumar Daga ceased to be Director.
Appointed
Ravindra Kastia was appointed as Director.
Appointed
Brundaban Behera was appointed as Company Secretary.
Charges
A charge with Axis Bank Limited of Rs. 386.00 Cr registered on 30 May 2019 with Charge ID 100268605 was modified on 29 May 2024.
Charges
A charge with Others of Rs. 160.00 Cr registered on 16 Nov 2020 with Charge ID 100392431 was modified on 25 Jan 2024.
Charges
A charge with Others amounted to Rs. 320.00 Cr with Charge ID 100817278 was registered on 14 Nov 2023.
Ceased
Deeksha Sharma Vats ceased to be Additional Director.
Ceased
Manish Kumar Newar ceased to be Director.
Charges
A charge registered on 18 Aug 2021 via Charge ID 100472475 with Others was fully satisfied on 17 Mar 2023.
121 earlier events are in the company report.
News
Frequently asked questions
Essel Mining & Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 01 April 1950 (76+ years old) and is registered under CIN U51109WB1950PLC018728.
Essel Mining & Industries has 5 current directors:
- Cherian Maliyackal Thomas - Managing Director
- Ravindra Kastia - Director
- Deeksha Sharma Vats - Director
- Sushil Agarwal - Director
- Arun Laddha - Additional Director
The latest financial statements of Essel Mining & Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Essel Mining & Industries is 19AAACE6607L1ZF, registered in West Bengal. The company has 17 GST registrations in all, of which 11 are active and 6 are cancelled or inactive. Other active GSTINs include 19AAACE6607L2ZE (West Bengal), 06AAACE6607L1ZM (Haryana), 08AAACE6607L1ZI (Rajasthan).
The CIN (Corporate Identification Number) of Essel Mining & Industries is U51109WB1950PLC018728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essel Mining & Industries has 232 court cases on record: 140 filed by the company and 92 filed against it. 55 are pending. Most are in the high courts.
Essel Mining & Industries was incorporated on 01 April 1950, making it 76+ years old. It is registered with the Registrar of Companies, Kolkata.
Essel Mining & Industries has 19 deals on record (10 secondary share transfers, 6 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹8,896.83 Cr; the latest was in March 2023.
Arun Laddha was appointed as Additional Director on 06 Aug 2025. Sunil Kumar Daga ceased to be Director on 29 Aug 2024. Ravindra Kastia was appointed as Director on 08 Aug 2024. Essel Mining & Industries has 28 board changes on record in total.
Essel Mining & Industries has 3 MSME Form 1 returns on record between 2019 and 2021, listing 8 overdue payments to 7 micro and small suppliers. The latest return was filed on 28 Apr 2021.
Essel Mining & Industries can be reached through the website esselmining.com. Its registered office is in Kolkata, West Bengal, India.