MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0053868
Friends Concast Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹75.72 Cr
▼ 13% YoY
Net profit · FY 2024
₹45.61 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹1.18 Cr
EBITDA margin 1.6%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.16 Cr
Issued & subscribed
Open charges
₹5 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
6
Provident fund records
About Friends Concast Limited
Data last updated:
Friends Concast Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27205GJ2010PLC108192. Its GSTIN is 24AABCF5558J1ZI (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.16 Cr. It is led by directors including Misha Naveen Jain and Binit Jagdishbhai Shah.
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 Survey No. – 135 Behind Aashiana Rolling Mills Ltd GIDC Kerala Taluka: Bavla, Ahmedabad, Gujarat, India – 382220.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.72 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹45.61 Lakh (net margin 0.6%) and EBITDA of ₹1.18 Cr (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 1% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Friends Concast Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0053868). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website friends-concast-limited.business.site.
Company details
CIN U27205GJ2010PLC108192
Registration Number 108192
Incorporation Date 16 February 2010
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 Medium
Udyam Registration UDYAM-GJ-01-0053868
CIN history
Friends Concast has one previous CIN (Corporate Identification Number): U27205DL2010PLC199172. The current CIN is U27205GJ2010PLC108192, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27205GJ2010PLC108192 | Current |
| U27205DL2010PLC199172 | Previous |
Key People
Misha Naveen Jain Director Binit Jagdishbhai Shah Director Salil Vishvas Riswadkar Director Recognitions & Rankings of Friends Concast
Contact details
Friends Concast Limited's registered office is in Ahmedabad, Gujarat. Its website is friends-concast-limited.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. – 135 Behind Aashiana Rolling Mills Ltd GIDC Kerala Taluka: Bavla, Ahmedabad, Gujarat, India – 382220
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Friends Concast Limited, buy the company report.
Comprehensive company report
Friends Concast 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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Business activity
The main business activity of Friends Concast is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Friends Concast Limited, buy the company report.
Financials of Friends Concast Limited
FY 2024 filings availableFriends Concast Limited reported revenue of ₹75.72 Cr (down 13% YoY) for FY 2024.
Revenue · FY 2024
₹75.72 Cr ▼ 13%
Net profit · FY 2024
₹45.61 Lakh margin 0.6%
EBITDA · FY 2024
₹1.18 Cr margin 1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 19%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 24%
5 years · compounded
▼ 3%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 13% fall in the latest year. EBITDA fell 31% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹45.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Friends Concast Limited, buy the company report.
Board of directors of Friends Concast Limited
Friends Concast has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Misha Naveen Jain | Director | 25 Jan 2025 | 1 Years 9 Months | Current |
| Binit Jagdishbhai Shah Also directs: Friends Steeltech Private Limited | Director | 10 Aug 2015 | 11 Years 2 Months | Current |
| Salil Vishvas Riswadkar Also directs: Friends Steeltech Private Limited | Director | 16 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Friends Concast Limited is audited by S.K.MEHTA& CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.K.MEHTA& CO. | FY 2023 | 000478N |
Shareholding
The shareholding of Friends Concast 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 Friends Concast Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2013 | 10438228 | Canara Bank | ₹5 Cr | Open |
To see the full charge records of Friends Concast Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Friends Concast Limited has 2 court cases on record: 2 filed by Friends Concast. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Income Tax Officer, Ward 9(1), New Delhi | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Income Tax Officer Ward 9(1) Delhi | Disposed |
To see the full case history of Friends Concast 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.
MSME payment delays
Friends Concast Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajendra Engineering (Ahmedabad) Private Limited | |||
| an individual supplier | |||
| Crystal Controls Private Limited |
To see the full MSME payment records of Friends Concast Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Friends Concast Limited has a workforce of 6 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-14.29%
GST
Friends Concast has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCF5558J1ZI | Gujarat | Active | 01 Jul 2017 |
| 24AABCF5558J1DR | Gujarat | Active | 28 Oct 2024 |
To see the full GST registrations and return filing status of Friends Concast Limited, buy the company report.
Recent activity
Friends Concast Limited has 13 board changes on record since 2012: 3 appointments and 10 cessations. The latest: Misha Naveen Jain ceased to be Additional Director on 29 Sep 2025.
Ceased
Misha Naveen Jain ceased to be Additional Director.
Appointed
Misha Naveen Jain was appointed as Director.
Charges
A charge with Canara Bank of Rs. 5.00 Cr registered on 27 Jun 2013 with Charge ID 10438228 was modified on 24 Dec 2024.
AGM
Friends Concast Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Friends Concast Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Deepti Agarwal ceased to be Additional Director.
Ceased
Ramlala Ramanugrah Jha ceased to be Director.
Ceased
Sajal Garg ceased to be Director.
Ceased
Shagun Garg ceased to be Director.
Ceased
Binit Jagdishbhai Shah ceased to be Additional Director.
Appointed
Binit Jagdishbhai Shah was appointed as Director.
Ceased
Salil Vishvas Riswadkar ceased to be Additional Director.
6 earlier events are in the company report.
Frequently asked questions
Friends Concast is an active public limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 February 2010 (16+ years old) and is registered under CIN U27205GJ2010PLC108192.
Friends Concast has 3 current directors:
- Misha Naveen Jain - Director
- Binit Jagdishbhai Shah - Director
- Salil Vishvas Riswadkar - Director
The latest financial statements of Friends Concast 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 Friends Concast is 24AABCF5558J1ZI, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCF5558J1DR (Gujarat).
The CIN (Corporate Identification Number) of Friends Concast is U27205GJ2010PLC108192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Friends Concast has 2 court cases on record: 2 filed by the company.
Friends Concast was incorporated on 16 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Misha Naveen Jain ceased to be Additional Director on 29 Sep 2025. Misha Naveen Jain was appointed as Director on 25 Jan 2025. Deepti Agarwal ceased to be Additional Director on 30 Sep 2017. Friends Concast has 13 board changes on record in total.
Yes, Friends Concast is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0053868).
Friends Concast has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Friends Concast can be reached through the website friends-concast-limited.business.site. Its registered office is in Ahmedabad, Gujarat, India.