About Giriraj Iron Limited
Data last updated:
Giriraj Iron Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 26 April 2011.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51101GJ2011PLC065137. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.94 Cr. It was led by directors including Naveen Kumar Mandovara and Bhadresh Vadilal Shah.
Its last annual general meeting (AGM) was held on 30 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.91 Cr, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹13.8 Lakh (net margin -2.8%) and EBITDA of ₹2.21 Cr (EBITDA margin 45.1%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 56% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Giriraj Steel. As per MCA filings, the company has satisfied charges of ₹47.94 Cr on record.
The last known website on record is girirajsteel.com.
Company details
Contact details
Giriraj Iron Limited's registered office is in Ahmedabad, Gujarat. Its website is girirajsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBunglow No. 14 Final Plot No. 18 Vanashree Co. Op. Hou. Soc. Ltd. Thalte, J, Ahmedabad, Gujarat, India – 380054
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Giriraj Iron 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
Brands
Giriraj Iron operates one associated brand: Giriraj Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel stockholding, distribution, and quality assurance services in India. | girirajsteel.com |
Business activity
The main business activity of Giriraj Iron is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Giriraj Iron Limited, buy the company report.
Financials of Giriraj Iron Limited
FY 2024 filings availableGiriraj Iron Limited reported revenue of ₹4.91 Cr (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 98% fall in the latest year. EBITDA fell 54% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.21 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹13.8 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.1% | ||||
| Net Profit Margin | -2.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Giriraj Iron Limited, buy the company report.
Board of directors of Giriraj Iron Limited
Giriraj Iron has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Kumar Mandovara Also directs: Aeron Composite Limited, Step Up India Confederation | Director | 30 Mar 2022 | 4 Years 7 Months | As last reported |
| Bhadresh Vadilal Shah Also directs: Giriraj Iron LLP, Giriraj Exim Private Limited | Director | 26 Apr 2011 | 15 Years 6 Months | As last reported |
| Shailesh Vadilal Shah Also directs: Gokul Corporation LLP | Director | 26 Apr 2011 | 15 Years 6 Months | As last reported |
| Trupti Bhadresh Shah Also directs: Gokul Corporation LLP | Director | 30 Mar 2022 | 4 Years 7 Months | As last reported |
| Utkarsh Shaileshbhai Shah Also directs: Giriraj Exim Private Limited | Director | 26 Apr 2011 | 15 Years 6 Months | As last reported |
| Dipak Shantilal Jagetiya Also directs: Parmeshwar Metal Limited, DNK Advisory Services Private Limited | Director | 30 Mar 2022 | 4 Years 7 Months | As last reported |
Peer comparison
Giriraj Iron Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Palm Metal Private Limited | ₹4.92 Cr (FY 2024) | -4.0% | Ahmedabad, Gujarat, India | |||
| Sksons Metalex Private Limited | ₹4.92 Cr (FY 2024) | -32.0% | Ghaziabad, Uttar Pradesh, India | |||
| Giriraj Iron Limitedthis company | ₹4.91 Cr (FY 2024) | -₹13.8 Lakh | -2.8% | -98.0% | 2 | Ahmedabad, Gujarat, India |
| Anchit Ispat Private Limited | ₹4.9 Cr (FY 2021) | 15.0% | New Delhi, Delhi, India | |||
| Global Interscope Enterprises Private Limited | ₹4.89 Cr (FY 2024) | 110.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Giriraj Iron Limited, buy the company report.
Auditor
Giriraj Iron Limited is audited by MEHTA PATEL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA PATEL & CO. | FY 2023 | 115312W |
Shareholding
The shareholding of Giriraj Iron Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Giriraj Iron Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2017 | 100096634 | Tata Capital Financial Services Limited | ₹10 Cr | Satisfied | |
| 26 Apr 2011 | 10291867 | Yes Bank Limited | ₹37.94 Cr | Satisfied |
To see the full charge records of Giriraj Iron Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Giriraj Iron Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Giriraj Iron Limited was last rated by Brickwork on 14 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 14 Feb 2020 |
To see the full credit ratings and regulatory alerts of Giriraj Iron Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Giriraj Iron Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Giriraj Iron Limited has a workforce of 2 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Giriraj Iron has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Giriraj Iron Limited, buy the company report.
Recent activity
Giriraj Iron Limited has 10 board changes on record since 2011: 7 appointments and 3 cessations. The latest: Dipak Shantilal Jagetiya ceased to be Additional Director on 10 Sep 2022.
6 earlier events are in the company report.
Frequently asked questions
Giriraj Iron has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Giriraj Iron was a public limited company based in Ahmedabad, Gujarat, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 26 April 2011 and is registered under CIN U51101GJ2011PLC065137. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Giriraj Iron is U51101GJ2011PLC065137. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giriraj Iron had 7 directors:
- Naveen Kumar Mandovara - Director
- Bhadresh Vadilal Shah - Director
- Shailesh Vadilal Shah - Director
- Trupti Bhadresh Shah - Director
- Utkarsh Shaileshbhai Shah - Director
- Dipak Shantilal Jagetiya - Director
- Maitray Shailesh Shah - Director
Giriraj Iron was incorporated on 26 April 2011. It is registered with the Registrar of Companies, Ahmedabad.
Giriraj Iron can be reached through the website girirajsteel.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Giriraj Iron is at Bunglow No. 14 Final Plot No. 18 Vanashree Co. Op. Hou. Soc. Ltd. Thalte, J, Ahmedabad, Gujarat, India – 380054.
The latest financial statements of Giriraj Iron on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 August 2024. Year-wise statements from 2015 are in the company report.
No. Giriraj Iron has 4 GST registrations on record and all of them are cancelled or inactive.
Giriraj Iron operated in the metals and minerals industry, in the metal retail and distribution segment.
The peers of Giriraj Iron by revenue are Palm Metal Private Limited, Sksons Metalex Private Limited, Anchit Ispat Private Limited, Global Interscope Enterprises Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
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