Ethics Steel Private Limited

Ethics Steel Private Limited - metals and minerals in Pipodara, Gujarat, India. FY 2026 financials & compliance.
CIN U29219GJ1990PTC013404 Incorporated 22 February 1990 ROC Ahmedabad HQ Pipodara, Gujarat, India
Active Private Limited Company metals and minerals MSME · Micro
Data last updated
Revenue · FY 2025
₹1.02 Lakh
Latest filing
Net loss · FY 2025
₹1.07 Lakh
Net margin -104.8%
EBITDA · FY 2025
-₹88,710
EBITDA margin -86.6%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹18.2 Lakh
Issued & subscribed
Open charges
₹2.81 Cr
Satisfied ₹69 Lakh
Company age
36 yrs
Est. 1990
Directors on board
4
As per MCA filings

About Ethics Steel Private Limited

Data last updated:

Ethics Steel Private Limited is a private limited company based in Pipodara, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 22 February 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29219GJ1990PTC013404. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹18.2 Lakh. It was formerly known as Jai Hanuman Texturising Private Limited. It is led by directors including Rajendrakumar Vallabhbhai Asodaria and Chiragbhai Trikambhai Lakhani.

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 Block No. 48 Plot No. K1 – K2 Tempogali Pipodara – GIDC, Gujarat, India – 394110.

As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Lakh. For the same year it recorded a net loss of ₹1.07 Lakh (net margin -104.8%) and EBITDA of -₹88,710 (EBITDA margin -86.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over five years.

The company is associated with 1 brand: Ethics Group. As per MCA filings, the company has open charges of ₹2.81 Cr and satisfied charges of ₹69 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.

Ethics Steel Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0151552). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethicsgroups.in.

Company details

CIN U29219GJ1990PTC013404
Registration Number 013404
Incorporation Date 22 February 1990
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0151552

CIN history

Ethics Steel has one previous CIN (Corporate Identification Number): U17114GJ1990PTC013404. The current CIN is U29219GJ1990PTC013404, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U29219GJ1990PTC013404Current
U17114GJ1990PTC013404Previous
Key People
Rajendrakumar Vallabhbhai Asodaria Director Chiragbhai Trikambhai Lakhani Director Bipinbhai Ishwarbhai Kevadiya Director

Recognitions & Rankings of Ethics Steel

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-22-0151552

Contact details

Ethics Steel Private Limited's registered office is in Pipodara, Gujarat. Its website is ethicsgroups.in. Its e-mail address is in the company report.

  • Email
  • Website
    ethicsgroups.in
  • Social Media
  • Registered Address
    Block No. 48 Plot No. K1 – K2 Tempogali Pipodara – GIDC, Gujarat, India – 394110
  • Industry
    Metals and Minerals, Metal Retail & Distribution

To see the full contact details of Ethics Steel Private Limited, buy the company report.

Comprehensive company report
Ethics Steel Private Limited - 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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Secure checkout · GST invoice included

Brands

Ethics Steel operates one associated brand: Ethics Group. Each brand links to its own profile.

BrandDescriptionWebsite
Ethics Group
Supply chain, logistics, fintech, and IT services in India.ethicsgroups.in

Financials of Ethics Steel Private Limited

FY 2024 filings available

Ethics Steel Private Limited reported revenue of ₹1.02 Lakh for FY 2025.

Revenue · FY 2025
₹1.02 Lakh
Net loss · FY 2025
₹1.07 Lakh margin -104.8%
EBITDA · FY 2025
-₹88,710 margin -86.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
5 years · compounded
▼ 18%
EBITDA CAGR growth
3 years · compounded
▼ 62%
5 years · compounded
▼ 21%

Revenue has declined at a compounded annual rate (CAGR) of 18% over five years. 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹88,710
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.07 Lakh
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-86.6%
Net Profit Margin-104.8%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Ethics Steel Private Limited, buy the company report.

Board of directors of Ethics Steel Private Limited

Ethics Steel has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajendrakumar Vallabhbhai Asodaria
Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 5 more
Director22 May 201313 Years 5 MonthsCurrent
Chiragbhai Trikambhai Lakhani
Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 5 more
Director19 Apr 20242 Years 6 MonthsCurrent
Bipinbhai Ishwarbhai Kevadiya
Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 5 more
Director19 Apr 20242 Years 6 MonthsCurrent
Rohit V Pansara
Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 4 more
Director19 Apr 20242 Years 6 MonthsCurrent
View all directors

Auditor

Ethics Steel Private Limited is audited by K A R M A & CO. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
K A R M A & CO. LLPFY 20230127544W

Shareholding

The shareholding of Ethics Steel 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ethics Steel Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2.81 Cr
Satisfied charges
₹69 Lakh
Breakdown by lending institutions
Others₹2.81 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jul 201110299737Others₹2.81 CrOpen
05 Mar 201410481984Dena Bank₹55 LakhSatisfied
28 Jan 199890098770Union Bank of India₹4 LakhSatisfied
15 Aug 199390097746Union Bank of India₹6 LakhSatisfied
06 Apr 199290097592Union Bank of India₹4 LakhSatisfied

To see the full charge records of Ethics Steel Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Ethics Steel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Ethics Steel has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Ethics Steel Private Limited, buy the company report.

Recent activity

Ethics Steel Private Limited has 13 board changes on record since 2011: 4 appointments and 9 cessations. The latest: Bipinbhai Ishwarbhai Kevadiya was appointed as Director on 19 Apr 2024.

AGM
Ethics Steel Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Bipinbhai Ishwarbhai Kevadiya was appointed as Director.
Appointed
Chiragbhai Trikambhai Lakhani was appointed as Director.
Appointed
Rohit V Pansara was appointed as Director.
Filing
Ethics Steel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 280.50 Lakh registered on 29 Jul 2011 with Charge ID 10299737 was modified on 31 Dec 2021.
Charges
A charge registered on 05 Mar 2014 via Charge ID 10481984 with Dena Bank was fully satisfied on 17 Jun 2019.
Ceased
Ghanshyambhai Ishvarbhai Kevadiya ceased to be Director.
Ceased
Rajendrakumar Vallabhbhai Asodaria ceased to be Director.
Charges
A charge with Dena Bank amounted to Rs. 55.00 Lakh with Charge ID 10481984 was registered on 05 Mar 2014.
Ceased
Dilipkumar Makambhai Patoliya ceased to be Director.
Appointed
Rajendrakumar Vallabhbhai Asodaria was appointed as Director.

17 earlier events are in the company report.

Frequently asked questions

Ethics Steel is an active private limited company based in Pipodara, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 22 February 1990 (36+ years old) and is registered under CIN U29219GJ1990PTC013404.

Ethics Steel has 4 current directors:

The latest financial statements of Ethics Steel 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.

No. Ethics Steel has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Ethics Steel is U29219GJ1990PTC013404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ethics Steel has 1 court case on record: 1 filed against it. 1 is pending.

Ethics Steel was incorporated on 22 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Bipinbhai Ishwarbhai Kevadiya was appointed as Director on 19 Apr 2024. Chiragbhai Trikambhai Lakhani was appointed as Director on 19 Apr 2024. Rohit V Pansara was appointed as Director on 19 Apr 2024. Ethics Steel has 13 board changes on record in total.

Yes, Ethics Steel is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0151552).

Ethics Steel can be reached through the website ethicsgroups.in. Its registered office is in Pipodara, Gujarat, India.