Genext Steels Limited
About Genext Steels Limited
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Genext Steels Limited is a public limited company based in Bavla, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27106GJ2008PLC125339. Its GSTIN is 24AADCG2557N1ZE (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.87 Cr. It was formerly known as Genext Steels Private Limited. It is led by directors including Rahul Kumar Singh and Mahathevan Sivasubramaniam Pillai.
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 Survey No. 661 662 664 665 1822/P 1823/P 1824/P, Village – Bagodara Ta. Bavla, Gujarat, India – 382230.
As per the financials filed for FY 2025, the company reported a revenue of ₹390.81 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹54.75 Cr (net margin -14%) and EBITDA of -₹34.35 Cr (EBITDA margin -8.8%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹233.85 Cr and satisfied charges of ₹10 Cr on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Genext Steels has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27106GJ2008PLC125339, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106GJ2008PLC125339 | Current |
| U27106AP2008PTC060808 | Previous |
| U27106TG2008PTC060808 | Previous |
| U27106TG2008PLC060808 | Previous |
Contact details
Genext Steels Limited's registered office is in Bavla, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 661 662 664 665 1822/P 1823/P 1824/P, Village – Bagodara Ta. Bavla, Gujarat, India – 382230
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Genext Steels Limited, buy the company report.
- 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
Business activity
The main business activity of Genext Steels 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 Genext Steels Limited, buy the company report.
Financials of Genext Steels Limited
FY 2025 filings availableGenext Steels Limited reported revenue of ₹390.81 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 91% over three years, including 36% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹34.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.75 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.8% | ||||
| Net Profit Margin | -14% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Genext Steels Limited, buy the company report.
Board of directors of Genext Steels Limited
Genext Steels has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Kumar Singh Also directs: Mono Steel (India) Limited, Navkaar Ispat Limited | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
| Mahathevan Sivasubramaniam Pillai | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
| Mukesh Bachubhai Suthar | Director | 29 Mar 2025 | 1 Years 7 Months | Current |
| Nimesh Jethava Also directs: Mono Steel (India) Limited, Navkaar Ispat Limited | Director | 07 Jul 2025 | 1 Years 4 Months | Current |
Peer comparison
Genext Steels Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Riddhi Steel and Tube Limited | ₹393.94 Cr (FY 2025) | 19.0% | Ahmedabad, Gujarat, India | |||
| Mi Electrical Steel Processing India Private Limited | ₹393.01 Cr (FY 2025) | -14.0% | New Delhi, Delhi, India | |||
| Jash Steel Private Limited | ₹391.72 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| SNB Enterprises Private Limited | ₹391.6 Cr (FY 2025) | 16.0% | Delhi, India | |||
| Genext Steels Limitedthis company | ₹390.81 Cr (FY 2025) | -₹54.75 Cr | -14% | 36.0% | 13 | Bavla, Gujarat, India |
| Panchmahal Steel Ltd | ₹385.81 Cr (FY 2025) | -11.0% | Gujarat, India | |||
| Adishakti Smelters Private Limited | ₹383.4 Cr (FY 2025) | 5.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Genext Steels Limited, buy the company report.
Auditor
Genext Steels Limited is audited by Chaudhary Shah & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaudhary Shah & Associates LLP | FY 2024 | 006212C |
Shareholding
The shareholding of Genext Steels Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Genext Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2026 | 101344622 | Hdfc Bank Limited | ₹4.47 Cr | Open | |
| 24 May 2023 | 100730954 | Hdfc Bank Limited | ₹37.57 Lakh | Open | |
| 20 Jan 2022 | 100534197 | Axis Bank Limited | ₹1.22 Cr | Open | |
| 30 Sep 2021 | 100505291 | Axis Bank Limited | ₹25.05 Lakh | Open | |
| 09 Nov 2020 | 100394827 | Hdfc Bank Limited | ₹108.77 Cr | Open |
To see the full charge records of Genext Steels Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Genext Steels Limited has 12 court cases on record: 6 filed by Genext Steels, 6 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 6 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Motor accident claim | Filed against the company by individuals | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR-EN) | Filed against the company by The State of Gujarat - Shri P. G. Gajera | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Genext Steels 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 Genext Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Genext Steels Limited has a workforce of 13 employees on its EPFO records as of Jan 09, 2025, across 1 active EPFO establishment.
GST
Genext Steels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCG2557N1ZE | Gujarat | Active | 24 Feb 2020 |
| 24AADCG2557N1DN | Gujarat | Active | 04 Nov 2024 |
To see the full GST registrations and return filing status of Genext Steels Limited, buy the company report.
Recent activity
Genext Steels Limited has 10 board changes on record since 2021: 4 appointments and 6 cessations. The latest: Nimesh Jethava was appointed as Director on 07 Jul 2025.
11 earlier events are in the company report.
Frequently asked questions
Genext Steels is an active public limited company based in Bavla, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 August 2008 (18+ years old) and is registered under CIN U27106GJ2008PLC125339.
Genext Steels has 4 current directors:
- Rahul Kumar Singh - Director
- Mahathevan Sivasubramaniam Pillai - Director
- Mukesh Bachubhai Suthar - Director
- Nimesh Jethava - Director
The latest financial statements of Genext Steels 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 Genext Steels is 24AADCG2557N1ZE, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCG2557N1DN (Gujarat).
The CIN (Corporate Identification Number) of Genext Steels is U27106GJ2008PLC125339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Genext Steels has 12 court cases on record: 6 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Genext Steels was incorporated on 29 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Genext Steels by revenue are Riddhi Steel and Tube Limited, Mi Electrical Steel Processing India Private Limited, Jash Steel Private Limited, SNB Enterprises Private Limited, Panchmahal Steel Ltd and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Nimesh Jethava was appointed as Director on 07 Jul 2025. Mukesh Bachubhai Suthar was appointed as Director on 29 Mar 2025. Mahathevan Sivasubramaniam Pillai was appointed as Director on 11 Jan 2024. Genext Steels has 10 board changes on record in total.
The registered office of Genext Steels is at Survey No. 661 662 664 665 1822P 1823P 1824P, Village – Bagodara Ta. Bavla, Gujarat, India – 382230.
Genext Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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