Ganesh Sponge Private Limited

Ganesh Sponge Private Limited - metals and minerals in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
CIN U27102OR2004PTC007682 Incorporated 20 July 2004 ROC Cuttack HQ Bhubaneswar, Odisha, India
Active Private Limited Company metals and minerals
Data last updated
Revenue · FY 2025
₹151.77 Cr
▼ 18% YoY
Net profit · FY 2025
₹1.07 Cr
Net margin 0.7%
EBITDA · FY 2025
₹7.35 Cr
EBITDA margin 4.8%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹17.34 Cr
Issued & subscribed
Open charges
₹58.26 Cr
Satisfied ₹61.35 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
52
Provident fund records

About Ganesh Sponge Private Limited

Data last updated:

Ganesh Sponge Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Dewdrop Merchants Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 July 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2004PTC007682. Its GSTIN is 21AACCG1758J1ZS (Odisha).

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.34 Cr. It was formerly known as Gspl Industries Private Limited. It is led by directors including Vikaash Dalmia (Managing Director) and Surendra Kumar Dalmia.

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 B – 40 Sahid Nagar, Bhubaneswar, Odisha, India – 751007.

As per the financials filed for FY 2025, the company reported a revenue of ₹151.77 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 0.7%) and EBITDA of ₹7.35 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 14% over five years.

The company has about 52 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹58.26 Cr and satisfied charges of ₹61.35 Cr on record. Court records list 27 cases involving the company, including 22 filed by the company and 5 filed against it; 8 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹25.68 Cr; the latest was in March 2018. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Rakesh Steel Industries Pvt.Ltd. with revenue of ₹153.25 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ganeshsponge.in.

Company Details of Ganesh Sponge Private Limited
CIN U27102OR2004PTC007682
Registration Number 007682
Incorporation Date 20 July 2004
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Dewdrop Merchants Private Limited
Compliance Status Active Compliant
Key People
Vikaash Dalmia Managing Director Surendra Kumar Dalmia Director Arun Kumar Kedia Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    ganeshsponge.in
  • Social Media
    Locked
  • Registered Address
    B – 40 Sahid Nagar, Bhubaneswar, Odisha, India – 751007
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing
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Financials, compliance, directors, charges, ownership and filings for Ganesh Sponge Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Ganesh Sponge Private Limited

The main business activity of Ganesh Sponge is manufacturing. In detail, this covers metal and metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Ganesh Sponge Private Limited FY 2025 filings available

Ganesh Sponge Private Limited reported revenue of ₹151.77 Cr (down 18% YoY) for FY 2025.

Revenue · FY 2025
₹151.77 Cr ▼ 18%
Net profit · FY 2025
₹1.07 Cr margin 0.7%
EBITDA · FY 2025
₹7.35 Cr margin 4.8%

Compounded Annual Growth Rate (CAGR) of Ganesh Sponge Private Limited

Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 12%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▼ 16%
5 years · compounded
▲ 77%

Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 11% 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 of Ganesh Sponge Private Limited

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₹7.35 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹1.07 Cr••••••••••••••••
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 of Ganesh Sponge Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.8%••••••••••••••••
Net Profit Margin0.7%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ganesh Sponge are in the company report.

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Financial statements from 2015

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Peer Comparison of Ganesh Sponge Private Limited

Ganesh Sponge Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Rakesh Steel Industries Pvt.Ltd.₹153.25 Cr (FY 2025)••••••••-6.0%••••New Delhi, Delhi, India
Anand Ispat Udyog Limited.₹153.24 Cr (FY 2024)••••••••-1.0%••••Mahboobnagar, Telangana, India
C S Castings Private Limited₹152.81 Cr (FY 2025)••••••••-17.0%••••Punjab, India
Bholaram Metal Industries Private Limited₹152.78 Cr (FY 2025)••••••••3.0%••••Thane, Maharashtra, India
Shri Balaji Rollings Private Limited₹151.87 Cr (FY 2025)••••••••205.0%••••Goa, India
Ganesh Sponge Private Limited this company₹151.77 Cr (FY 2025)••••••••-18.0%••••Bhubaneswar, Odisha, India
Ganesh Foundry & Castings Limited Listed₹151.61 Cr (FY 2025)••••••••130.0%••••Muzaffarpur, Bihar, India
Vishnu Iron & Steel Private Limited₹151.5 Cr (FY 2025)••••••••-37.0%••••Kolkata, West Bengal, India
Mittal Precision Steel Tubes Private Limited₹151.48 Cr (FY 2024)••••••••2.0%••••Pune, Maharashtra, India
Aanchal Ispat Limited Listed₹151.3 Cr (FY 2025)••••••••38.0%••••Howrah, West Bengal, India
Metro Bright Bar (India) Private Limited₹151.11 Cr (FY 2025)••••••••34.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Ganesh Sponge by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Ganesh Sponge Private Limited

Ganesh Sponge Private Limited is audited by P A & Associates for the financial year 2023.

NameStatusAppointment DateCessation Date
P A & AssociatesLockedLockedLocked
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Board of Directors of Ganesh Sponge Private Limited

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

Current Directors
NameDesignationAppointment DateTenureStatus
Vikaash Dalmia
Also directs: Sadhana Minerals Private Limited, Iris Text Processors Private Limited, Rampyari Properties Private Limited and 3 more
Managing Director01 Apr 200818 Years 6 MonthsCurrent
Surendra Kumar Dalmia
Also directs: Sadhana Minerals Private Limited, Iris Text Processors Private Limited, Rampyari Properties Private Limited and 2 more
Director15 May 200818 Years 4 MonthsCurrent
Arun Kumar KediaDirector08 Mar 201610 Years 7 MonthsCurrent
Ashok Kumar SinghDirector01 Apr 201511 Years 6 MonthsCurrent
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Ownership and Shareholding of Ganesh Sponge Private Limited

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Charges & Borrowings of Ganesh Sponge Private Limited

Open charges
₹58.26 Cr
Satisfied charges
₹61.35 Cr
Breakdown by lending institutions
Uco Bank₹52.64 Cr
Indian Bank₹5.62 Cr
Latest charge details
DateLenderAmountStatus
19 Feb 2025Indian Bank₹2.07 CrOpen
10 Nov 2022Uco Bank₹7.5 CrOpen
29 Oct 2021Uco Bank₹1.51 CrOpen
29 Oct 2021Indian Bank₹3.55 CrOpen
25 Jan 2005Uco Bank₹43.63 CrOpen

Total charge records: 16 View all charges

Deals & Funding of Ganesh Sponge Private Limited

Ganesh Sponge Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹25.68 Cr; the latest was in March 2018.

Total deals
7
Funding rounds
4
Secondary share transfers
3
Disclosed funding
₹25.68 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2018Secondary share transferUndisclosedBuyer: Vikash Dalmia Huf, S K Dalmia Huf
Seller: Sarvasakti Marketing Pvt Ltd , Profound Commotrade Private Limited , Rashidhan Traders Private Limited
Sep 2015Secondary share transferUndisclosedBuyer: Dewdrops Merchants Private Limited
Seller: Gongol Vinicom Pvt Ltd, Ahinsa Vinimay Pvt Ltd
Mar 2015Funding round₹3.5 CrInvestors: Ablaze Commercial Private Limited , Vibgyor Tie Up Private Limited , Sarvasakti Marketing Pvt Ltd
Feb 2013Funding round₹2.34 CrInvestors: Gongol Vinicom Pvt Ltd, Ahinsa Vinimay Pvt Ltd , Dewdrops Merchants Private Limited, an individual
Jul 2008Funding round₹9.4 CrInvestors: Gongol Vinicom Pvt Ltd, Dewdrops Merchants Private Limited, Ahinsa Vinimay Pvt Ltd
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Ganesh Sponge Private Limited

Ganesh Sponge Private Limited has a workforce of 52 employees as of Apr 07, 2024.

Employee count
52
Active EPFO establishments
1
Employee growth
-5.45%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Ganesh Sponge Private Limited

Ganesh Sponge Private Limited has 12 board changes on record since 2008: 4 appointments and 8 cessations. The latest: Arun Kumar Kedia ceased to be Additional Director on 29 Sep 2025.

AGM
Ganesh Sponge Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Arun Kumar Kedia ceased to be Additional Director.
Filing
Ganesh Sponge Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Indian Bank amounted to Rs. 2.07 Cr with Charge ID 101085658 was registered on 19 Feb 2025.
Charges
A charge with Uco Bank of Rs. 43.63 Cr registered on 25 Jan 2005 with Charge ID 90081349 was modified on 30 Aug 2024.
Charges
A charge registered on 07 May 2024 via Charge ID 100913912 with Uco Bank was fully satisfied on 22 Aug 2024.
Charges
A charge registered on 22 Apr 2024 via Charge ID 100906239 with Indian Bank was fully satisfied on 19 Jul 2024.
Charges
A charge with Uco Bank amounted to Rs. 3.00 Cr with Charge ID 100913912 was registered on 07 May 2024.
Charges
A charge with Indian Bank amounted to Rs. 2.85 Cr with Charge ID 100906239 was registered on 22 Apr 2024.
Charges
A charge registered on 29 Aug 2023 via Charge ID 100773831 with Uco Bank was fully satisfied on 05 Dec 2023.
Charges
A charge registered on 16 Jun 2023 via Charge ID 100731531 with Indian Bank was fully satisfied on 12 Oct 2023.
Charges
A charge with Uco Bank amounted to Rs. 2.00 Cr with Charge ID 100773831 was registered on 29 Aug 2023.

37 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Ganesh Sponge Private Limited

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MSME Payment Delays by Ganesh Sponge Private Limited

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Subsidiaries & Group Companies of Ganesh Sponge Private Limited

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GST Compliance of Ganesh Sponge Private Limited

Ganesh Sponge has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
21AACCG1758J1ZSOdishaActive01 Jul 2017
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MCA Filings & Documents of Ganesh Sponge Private Limited

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Frequently Asked Questions about Ganesh Sponge Private Limited

Ganesh Sponge is an active private limited company based in Bhubaneswar, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 July 2004 (22+ years old) and is registered under CIN U27102OR2004PTC007682.

Ganesh Sponge reported revenue of ₹151.77 Cr for FY 2025 (down 18% YoY).

Ganesh Sponge has 4 current directors:

Ganesh Sponge reported a net profit of ₹1.07 Cr (net margin 0.7%) and EBITDA of ₹7.35 Cr (EBITDA margin 4.8%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Ganesh Sponge is -12% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Ganesh Sponge is 21AACCG1758J1ZS, registered in Odisha.

The CIN (Corporate Identification Number) of Ganesh Sponge is U27102OR2004PTC007682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ganesh Sponge has 27 court cases on record: 22 filed by the company and 5 filed against it. 8 are pending. Most are in the high courts.

Ganesh Sponge was incorporated on 20 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Cuttack.

Ganesh Sponge has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹25.68 Cr; the latest was in March 2018.

The peers of Ganesh Sponge by revenue are Rakesh Steel Industries Pvt.Ltd, Anand Ispat Udyog Limited, C S Castings Private Limited, Bholaram Metal Industries Private Limited, Shri Balaji Rollings Private Limited and 5 more, all in the Metals and Minerals industry (Steel).

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