Garuda Ispat Private Limited

Garuda Ispat Private Limited - metals and minerals in Raipur, Chhattisgarh, India. FY 2026 financials & compliance.
CIN U02710CT2004PTC017108 Incorporated 22 November 2004 ROC Chhattisgarh HQ Raipur, Chhattisgarh, India
Active Private Limited Company metals and minerals MSME · Micro
Data last updated
Revenue · FY 2022
₹49.81 Lakh
▼ 47% YoY
Net profit · FY 2022
₹43.41 Lakh
Net margin 87.2%
EBITDA · FY 2022
-₹5.41 Lakh
EBITDA margin -10.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹33.18 Lakh
Issued & subscribed
Satisfied charges
₹3.1 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
6
Provident fund records

About Garuda Ispat Private Limited

Data last updated:

Garuda Ispat Private Limited is a private limited company based in Raipur, Chhattisgarh, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 22 November 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U02710CT2004PTC017108. Its GSTIN is 22AACCG2499Q1Z4 (Chhattisgarh).

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.18 Lakh. It is led by directors Sheetal Deorah and Ashish Deorah.

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 Village – Sondra P.H. No. – 99 Near N.R. Sponge (P) Lt Tehsil – Dharsiwa, Raipur, Chhattisgarh, India – 493111.

As per the financials filed for FY 2022, the company reported a revenue of ₹49.81 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹43.41 Lakh (net margin 87.2%) and EBITDA of -₹5.41 Lakh (EBITDA margin -10.9%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 32% over five years.

The company has about 6 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹3.1 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending.

Garuda Ispat Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CG-14-0024330). The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of Garuda Ispat Private Limited
CIN U02710CT2004PTC017108
Registration Number 017108
Incorporation Date 22 November 2004
ROC Chhattisgarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-CG-14-0024330
Key People
Sheetal Deorah Director Ashish Deorah Director

Recognitions & Rankings of Garuda Ispat

MSME (Udyam registered) Ministry of MSME
Category
Micro (2023-24)
Udyam number
UDYAM-CG-14-0024330
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Village – Sondra P.H. No. – 99 Near N.R. Sponge (P) Lt Tehsil – Dharsiwa, Raipur, Chhattisgarh, India – 493111
  • Industry
    Metals and Minerals, Other Metals & Minerals
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Financials, compliance, directors, charges, ownership and filings for Garuda Ispat Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Garuda Ispat Private Limited

FY 2025 filings available

Garuda Ispat Private Limited reported revenue of ₹49.81 Lakh (down 47% YoY) for FY 2022.

Revenue · FY 2022
₹49.81 Lakh ▼ 47%
Net profit · FY 2022
₹43.41 Lakh margin 87.2%
EBITDA · FY 2022
-₹5.41 Lakh margin -10.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 51%
5 years · compounded
▼ 32%

Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 47% fall 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

MetricsFY 2021-22FY 2017-18 to FY 2020-21in the company report
Profit and Loss Statement
Revenue from Operations••••
Other Income••••
Total Revenue₹49.81 Lakh
Cost of Materials Consumed••••
Employee Benefit Expense••••
Finance Costs••••
Depreciation and Amortisation••••
Other Expenses••••
Total Expenses••••
EBITDA-₹5.41 Lakh
Profit Before Tax••••
Tax Expense••••
Net Profit (PAT)₹43.41 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 2021-22FY 2017-18 to FY 2020-21in the company report
Profitability
EBITDA Margin-10.9%
Net Profit Margin87.2%
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, and every line for FY 2017-18 to FY 2020-21, 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 Garuda Ispat are in the company report.

Premium access

Financial statements from 2015

Earlier years and trend charts are in the company report.

  • Income statements
  • Balance sheets
  • Cash-flow statements
  • Ratios and benchmarks

Board of Directors of Garuda Ispat Private Limited

Garuda Ispat has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sheetal Deorah
Also directs: Gajanan Logistore Private Limited
Director14 Sep 20206 Years 1 MonthsCurrent
Ashish Deorah
Also directs: Ganraj Minerals Private Limited, United Infrasteel Private Limited
Director11 Nov 200619 Years 11 MonthsCurrent
View all directors

Auditor Details

Garuda Ispat Private Limited is audited by AGRAWAL & PANSARI for the financial year 2022.

NameStatusAppointment DateCessation Date
AGRAWAL & PANSARILockedLockedLocked

Complete auditor history: available in the company report

Ownership and Shareholding

Shareholding and ownership data: available in the company report

Charges & Borrowings

Open charges
None
Satisfied charges
₹3.1 Cr
Breakdown by lending institutions
State Bank of India₹1.85 Cr
Bank of Baroda₹1.25 Cr
Latest charge details
DateLenderAmountStatus
22 Jun 2010Bank of Baroda₹1.25 CrSatisfied
17 Apr 2007State Bank of India₹1.85 CrSatisfied

Total charge records: 2 View all charges

Employees and EPFO Compliance

Garuda Ispat Private Limited has a workforce of 6 employees as of Mar 28, 2024.

Employee count
6
Active EPFO establishments
1
Employee growth
-40%

Employee and EPFO history: available in the company report

Recent Activity

Garuda Ispat Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Lalchand Agarwal ceased to be Director on 07 Oct 2020.

AGM
Garuda Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Garuda Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chhattisgarh.
Charges
A charge registered on 22 Jun 2010 via Charge ID 10227961 with Bank Of Baroda was fully satisfied on 04 Mar 2021.
Ceased
Lalchand Agarwal ceased to be Director.
Appointed
Sheetal Deorah was appointed as Director.
Charges
A charge with Bank Of Baroda of Rs. 125.00 Lakh registered on 22 Jun 2010 with Charge ID 10227961 was modified on 11 Jun 2014.
Charges
A charge registered on 17 Apr 2007 via Charge ID 10050438 with State Bank Of India was fully satisfied on 01 Nov 2010.
Charges
A charge with Bank Of Baroda amounted to Rs. 125.00 Lakh with Charge ID 10227961 was registered on 22 Jun 2010.
Charges
A charge with State Bank Of India amounted to Rs. 185.00 Lakh with Charge ID 10050438 was registered on 17 Apr 2007.
Appointed
Ashish Deorah was appointed as Director.
Incorporation
22 Nov 2004
Garuda Ispat Private Limited was registered on 22 Nov 2004 with Roc Chhattisgarh & aged 21 years 11 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts

Credit ratings, litigation, and regulatory alerts: available in the company report

MSME Payment Delays

MSME payment history: available in the company report

Subsidiaries & Group Companies

Corporate group structure: available in the company report

GST Compliance

Garuda Ispat has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
22AACCG2499Q1Z4ChhattisgarhActive01 Jul 2017

GST registrations and filing compliance: available in the company report

MCA Filings & Documents

MCA filings and documents: available in the company report

Frequently Asked Questions

Garuda Ispat is an active private limited company based in Raipur, Chhattisgarh, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 22 November 2004 (22+ years old) and is registered under CIN U02710CT2004PTC017108.

Garuda Ispat has 2 current directors:

The latest financial statements of Garuda Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Garuda Ispat is 22AACCG2499Q1Z4, registered in Chhattisgarh.

The CIN (Corporate Identification Number) of Garuda Ispat is U02710CT2004PTC017108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Garuda Ispat has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.

Garuda Ispat was incorporated on 22 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chhattisgarh.

Lalchand Agarwal ceased to be Director on 07 Oct 2020. Sheetal Deorah was appointed as Director on 14 Sep 2020. Ashish Deorah was appointed as Director on 11 Nov 2006.

Yes, Garuda Ispat is registered as a micro enterprise under Udyam registration (number: UDYAM-CG-14-0024330).

The registered office of Garuda Ispat is at Village – Sondra P.H. No. – 99 Near N.R. Sponge P Lt Tehsil – Dharsiwa, Raipur, Chhattisgarh, India – 493111.

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