MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CG-14-0024330
Garuda Ispat Private Limited
Garuda Ispat Private Limited - metals and minerals in Raipur, Chhattisgarh, India. FY 2026 financials & compliance.
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
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
Contact details
Garuda Ispat Private Limited's registered office is in Raipur, Chhattisgarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage – Sondra P.H. No. – 99 Near N.R. Sponge (P) Lt Tehsil – Dharsiwa, Raipur, Chhattisgarh, India – 493111
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Garuda Ispat Private Limited, buy the company report.
Comprehensive company report
Garuda Ispat 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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Financials of Garuda Ispat Private Limited
FY 2025 filings availableGaruda 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.9% | ||||
| Net Profit Margin | 87.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Garuda Ispat Private Limited, buy the company report.
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
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetal Deorah Also directs: Gajanan Logistore Private Limited | Director | 14 Sep 2020 | 6 Years 1 Months | Current |
| Ashish Deorah Also directs: Ganraj Minerals Private Limited, United Infrasteel Private Limited | Director | 11 Nov 2006 | 19 Years 11 Months | Current |
Auditor
Garuda Ispat Private Limited is audited by AGRAWAL & PANSARI for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL & PANSARI | FY 2022 | 003350C |
Shareholding
The shareholding of Garuda Ispat Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garuda Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹3.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2010 | 10227961 | Bank of Baroda | ₹1.25 Cr | Satisfied | |
| 17 Apr 2007 | 10050438 | State Bank of India | ₹1.85 Cr | Satisfied |
To see the full charge records of Garuda Ispat Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Garuda Ispat Private Limited has 5 court cases on record: 2 filed by Garuda Ispat, 3 filed against it. 3 cases are pending and 2 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 2 | 1 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Durg, Chhattisgarh | Court case (TD) | Filed by the company against Jai Balaji Industries Limited | Pending |
| District court, Durg, Chhattisgarh | Court case (MJC Civil) | Filed against the company by Jai Balaji Industries Limited | Pending |
| High Court, CHHATTISGARH | Court case (WP227) | Filed against the company by M/S Jai Balaji Industries Ltd. | Disposed |
| High Court, CHHATTISGARH | Court case (REVP) | Filed by the company against M/S Jai Balaji Industries Ltd | Disposed |
| High Court of Chhattisgarh | Court case (WPPIL) | Filed against the company | Pending |
To see the full case history of Garuda Ispat Private 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
No delayed payments to MSME suppliers are on our record for Garuda Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Garuda Ispat Private Limited has a workforce of 6 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-40%
GST
Garuda Ispat has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AACCG2499Q1Z4 | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Ispat Private Limited, buy 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.
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:
- Sheetal Deorah - Director
- Ashish Deorah - Director
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.