Friends Ispat Limited - Company Profile

It is a metals and minerals public limited company based in Ahmedabad, Gujarat, India, established in 1997.
1997 Ahmedabad, Gujarat, India Active
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About Friends Ispat Limited

Friends Ispat Limited, a active public limited company, was established on 22 December 1997 in Ahmedabad, Gujarat, India. Engaging in metal manufacturing & processing within the manufacturing sector, it holds CIN: U27100GJ1997PLC107731. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1.10 Cr and a paid-up capital of ₹1.06 Cr.

Formerly known as Friends Ispat Private Limited, Friends Limited. It upholds a compliant status. Employing 23 professional, Its leadership includes Ankit Devendrakumar Goyal (Director), Misha Naveen Jain (Director), Devendra Kumar Goyal (Director). Past directors included Deepti Agarwal, Puneet Garg, Misha Naveen Jain. It holds ₹4.40 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Plot No.-1502- 1503, Nr. Darpan Ispat, Kerala Gidc, Taluka- B, Avla,, Ahmedabad, Gujarat, 382220.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U27100GJ1997PLC107731

  • Registration Number

    107731

  • Incorporation Date

    22 December 1997

  • Authorized Capital

    ₹1.10 Cr

  • Paid-Up Capital

    ₹1.06 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.10 Cr
  • Paid Up Capital ₹ 1.06 Cr
  • Company Age 28 Year, 2 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 4.40 Cr
  • Revenue Growth **** 28.62%
  • Profit Growth **** -90.88%
  • Ebitda **** -8.41%
  • Net Worth 2.03%
  • Total Assets **** 8.53%
Company report

Friends Ispat Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Friends Ispat Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Friends Ispat Limited?
Current Directors
Name Designation Appointment Date Status
Ankit Devendrakumar Goyal Director 16 Dec 2010 Current
Misha Naveen Jain Director 26 Aug 2016 Current
Devendra Kumar Goyal Director 01 Aug 1998 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 30 Jan 2017 Past
Pramod Abcsdd Director 30 Mar 2010 Past
Pramod Abcsdd Additional Director 30 Sep 2016 Past

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Financial Performance of Friends Ispat.

Friends Ispat Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.62% increase. The company also saw a substantial fall in profitability, with a 90.88% decrease in profit. The company's net worth moved up by a moderate rise of 2.03%.

Friends Ispat revenue growth over time
Friends Ispat profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 28.62%
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*******
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Revenue from Operations
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 29.68%
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*******
*******
Total Assets
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 8.53%
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*******
*******
*******
Profit or Loss
*******
 -90.88%
*******
*******
*******
*******
Net Worth
*******
 2.03%
*******
*******
*******
*******
EBITDA
*******
 -8.41%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Friends Ispat?

In 2023, Friends Ispat had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹44,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Canara Bank : 3.00 Cr
  • Others : 1.40 Cr
Latest Charge Details
Date Lender Amount Status
03 Jun 2022 Others ₹1.40 Cr Open
27 May 2000 Canara Bank ₹3.00 Cr Open

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How Many Employees Work at Friends Ispat?

Friends Ispat has a workforce of 23 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Friends Ispat, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Friends Ispat's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Friends Ispat
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Friends Ispat Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Friends Ispat Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.

  • Charges

    Progress on A charge with Canara Bank of Rs. 3.00 Cr registered on 27 May 2000 with Charge ID 90329319 was modified on 24 Dec 2024. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100578962 was registered on 03 Jun 2022. was documented.

  • Director Appointment

    Progress on Misha Naveen Jain was appointed as a Director was appointed as a Director on 26 Aug 2016 & has been associated with this company since 9 years 6 months . was documented.

  • Director Appointment

    Progress on Ankit Devendrakumar Goyal was appointed as a Director was appointed as a Director on 16 Dec 2010 & has been associated with this company since 15 years 2 months . was documented.

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Frequently Asked Questions
What is the CIN of Friends Ispat Limited?

The CIN of Friends Ispat Limited is U27100GJ1997PLC107731.

Where is Friends Ispat Limited headquartered?

Friends Ispat Limited is headquartered at Plot No.-1502- 1503, Nr. Darpan Ispat, Kerala Gidc, Taluka- B, Avla,, Ahmedabad, Gujarat, 382220.

When was Friends Ispat Limited incorporated?

Friends Ispat Limited was incorporated on 22 December 1997.

Who are the current directors of Friends Ispat Limited?

The current directors of Friends Ispat Limited are

What is the primary industry of Friends Ispat Limited?

The primary industry of Friends Ispat Limited is Manufacturing.

Is Friends Ispat Limited a listed company?

Friends Ispat Limited is unlisted.

What is the capital structure of Friends Ispat Limited?

The authorized capital of Friends Ispat Limited is ₹1.10 Cr, and the paid-up capital is ₹1.06 Cr.

What is the compliance status of Friends Ispat Limited?

The compliance status of Friends Ispat Limited is Compliant.

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