About G.R.Sponge and Power Limited
Data last updated:
G.R.Sponge and Power Limited is a public limited company based in Raipur, Chhattisgarh, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U27100CT1996PLC011135. Its GSTIN is 22AAACG8765H1ZK (Chattisgarh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15.45 Cr and a paid-up capital of ₹11.55 Cr. It was formerly known as G. R. Fintech Limited and G.R.Fintech Limited. It is led by directors including Rameshkumar Ganpatrai Agrawal (Managing Director) and Keshav Kumar Agrawal.
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 Agrawal Complex Samta Colony, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2025, the company reported a revenue of ₹833.93 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹35 Cr (net margin 4.2%) and EBITDA of ₹112.55 Cr (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 26% over five years.
The company has about 496 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹455.1 Cr and satisfied charges of ₹156.42 Cr on record. Court records list 37 cases involving the company, including 28 filed by the company and 9 filed against it; 4 cases are pending. The company has 26 deals on record (25 secondary share transfers, 1 funding round), with disclosed funding of ₹5.28 Cr; the latest was in June 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is GM Iron & Steel Company Limited with revenue of ₹847.67 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 207 overdue payments to 65 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grgroupindia.com.
Company details
Name history
G.R.Sponge and Power has undergone 2 name changes throughout its history. The company was previously known as G. R. Fintech Limited, and G.R.Fintech Limited. The current legal name is G.R.Sponge And Power Limited.
| Company Name | Status |
|---|---|
| G.R.Sponge and Power Limited | Current |
| G. R. Fintech Limited | Previous |
| G.R.Fintech Limited | Previous |
CIN history
G.R.Sponge and Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100CT1996PLC011135, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100CT1996PLC011135 | Current |
| U65921MP1996PLC011135 | Previous |
| U65921CT1996PLC011135 | Previous |
Contact details
G.R.Sponge and Power Limited's registered office is in Raipur, Chhattisgarh. Its website is grgroupindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAgrawal Complex Samta Colony, Raipur, Chhattisgarh, India – 492001
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of G.R.Sponge and Power 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 G.R.Sponge and Power 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 G.R.Sponge and Power Limited, buy the company report.
Financials of G.R.Sponge and Power Limited
FY 2025 filings availableG.R.Sponge and Power Limited reported revenue of ₹833.93 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 14% growth in the latest year. EBITDA rose 51% 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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| EBITDA | ₹112.55 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹35 Cr | ||||
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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 | 13.5% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of G.R.Sponge and Power Limited, buy the company report.
Board of directors and KMP of G.R.Sponge and Power Limited
G.R.Sponge and Power Limited currently reports 6 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Kumar Agrawal Also directs: Chaman Metallics Limited, N.R.Sponge Private Limited, G.R. Integrated Steel Private Limited and 3 more | Director | 18 Mar 2009 | 17 Years 7 Months | Current |
| Sappati Satyanarayan | Cfo | 01 Jul 2025 | 1 Years 3 Months | Current |
| Kanhaiya Lal Jain | Director | 09 Mar 2016 | 10 Years 7 Months | Current |
| Ranjeet Singh Thakur | Director | 17 Jun 2024 | 2 Years 4 Months | Current |
| Rameshkumar Ganpatrai Agrawal Also directs: C.G. Sponge Manufacturers Consortium Coal Fields LLP, Chaman Metallics Limited, N.R.Sponge Private Limited and 4 more | Managing Director | 15 Jun 2019 | 7 Years 4 Months | Current |
| Anushree Agrawal | Director | 30 Sep 2022 | 4 Years 0 Months | Current |
Peer comparison
G.R.Sponge and Power Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| GM Iron & Steel Company Limited | ₹847.67 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Vinayak TMT Bars Private Limited | ₹836.76 Cr (FY 2025) | -14.0% | Dehgam, Gujarat, India | |||
| Shree Nakoda Ispat Limited | ₹834.68 Cr (FY 2025) | 4.0% | Raipur, Chhattisgarh, India | |||
| Balmukund Sponge and Iron Private Limited | ₹834.02 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| G.R.Sponge and Power Limitedthis company | ₹833.93 Cr (FY 2025) | ₹35 Cr | 4.2% | 14.0% | 496 | Raipur, Chhattisgarh, India |
| Khyati Ispat Private Limited | ₹833.07 Cr (FY 2025) | 16.0% | Raipur, Chhattisgarh, India | |||
| Peekay Steel Castings Private Limited | ₹824.26 Cr (FY 2025) | 8.0% | Kozhikode, Kerala, India | |||
| Colorshine India Private Limited | ₹821.39 Cr (FY 2025) | 721.0% | Mumbai, Maharashtra, India | |||
| Sky Alloys and Power Limited | ₹821.09 Cr (FY 2025) | 30.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of G.R.Sponge and Power Limited, buy the company report.
Auditor
G.R.Sponge and Power Limited is audited by APAS & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APAS & CO LLP | FY 2024 | 000340C/C400308 |
Shareholding
The shareholding of G.R.Sponge and Power 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of G.R.Sponge and Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2025 | 101064149 | Indian Bank | ₹21.9 Cr | Open | |
| 22 Aug 2024 | 100971948 | Axis Bank Limited | ₹7 Cr | Open | |
| 09 Aug 2023 | 100766002 | Axis Bank Limited | ₹34.43 Lakh | Open | |
| 21 Jun 2023 | 100742591 | Sbicap Trustee Company Limited | ₹335 Cr | Open | |
| 30 Nov 2022 | 100654933 | Axis Bank Limited | ₹1.98 Cr | Open |
To see the full charge records of G.R.Sponge and Power Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
G.R.Sponge and Power Limited has 26 deals on record (25 secondary share transfers, 1 funding round), with disclosed funding of ₹5.28 Cr; the latest was in June 2023.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Funding round | ₹5.28 Cr | Investors: G.R. Ores and Fuels LLP , Arya Bhatt Sales Private Limited, 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Ganpatrai Agrawal & Sons, Arya Bhatt Sales Private Limited Seller: G.R. Minerals and Industries Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Arya Bhatt Sales Private Limited, GR Ecotech Private Limited Seller: GR Metallinks And Industries Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: G.R. Minerals and Industries Private Limited Seller: Norflox Vincom Private Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: G.R. Minerals and Industries Private Limited Seller: Goodness Trading Private Limited |
To see the full deal history of G.R.Sponge and Power Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
G.R.Sponge and Power Limited has 37 court cases on record: 28 filed by G.R.Sponge and Power, 9 filed against it. 4 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 4 | 1 |
| Supreme Court | 3 | 3 | 2 |
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by M/S. South Eastern Coalfields Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Agarwal Coal Corporation Pvt Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed by the company against Agarwal Coal Corporation Pvt. Ltd. Cin No U23109mp2000ptc014351 | Disposed |
| High Court, CHHATTISGARH | Writ petition | Filed by the company against Coal India Limited, and 3 others | Disposed |
| High Court | Court case (MCC) | Filed by the company against South Eastern Coalfields Limited, and 3 others | Disposed |
To see the full case history of G.R.Sponge and Power 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.
Credit ratings & regulatory alerts
G.R.Sponge and Power Limited was last rated by Crisil on 02 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Dec 2020 |
To see the full credit ratings and regulatory alerts of G.R.Sponge and Power Limited, buy the company report.
MSME payment delays
G.R.Sponge and Power Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 207 overdue payments to 65 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 65)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Saket Industrial Gases Ltd | |||
| Rajat Equipments Private Limited |
To see the full MSME payment records of G.R.Sponge and Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
G.R.Sponge and Power has 4 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Chaman Metallics Limited | L27100MH2003PLC143049 | |
| N.R.Sponge Private Limited | U27102CT2002PTC015388 | |
| G.R. Integrated Steel Private Limited | U28110CT2021PTC011746 | |
| G. R. Metaliks and Industries Private Limited | U28112CT1991PTC006679 |
To see the full group structure of G.R.Sponge and Power Limited, buy the company report.
Employees & EPFO
G.R.Sponge and Power Limited has a workforce of 496 employees on its EPFO records as of Mar 06, 2025, across 1 active EPFO establishment.
GST
G.R.Sponge and Power has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAACG8765H1ZK | Chattisgarh | Active | 01 Jul 2017 |
| 22AAACG8765H1DT | Chattisgarh | Active | 23 Oct 2024 |
To see the full GST registrations and return filing status of G.R.Sponge and Power Limited, buy the company report.
Recent activity
G.R.Sponge and Power Limited has 16 board changes on record since 2009: 7 appointments and 9 cessations. The latest: Sappati Satyanarayan was appointed as CFO on 01 Jul 2025.
76 earlier events are in the company report.
Frequently asked questions
G.R.Sponge and Power is an active public limited company based in Raipur, Chhattisgarh, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 August 1996 (30+ years old) and is registered under CIN U27100CT1996PLC011135.
G.R.Sponge and Power has 7 current directors and KMP:
- Rameshkumar Ganpatrai Agrawal - Managing Director
- Keshav Kumar Agrawal - Director
- Kanhaiya Lal Jain - Director
- Ranjeet Singh Thakur - Director
- Anushree Agrawal - Director
- Chetan Agrawal - Director
- Sappati Satyanarayan - Cfo
The latest financial statements of G.R.Sponge and Power 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 G.R.Sponge and Power is 22AAACG8765H1ZK, registered in Chattisgarh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 22AAACG8765H1DT (Chattisgarh).
The CIN (Corporate Identification Number) of G.R.Sponge and Power is U27100CT1996PLC011135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
G.R.Sponge and Power has 37 court cases on record: 28 filed by the company and 9 filed against it. 4 are pending. Most are in the high courts.
G.R.Sponge and Power was incorporated on 20 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
G.R.Sponge and Power has 26 deals on record (25 secondary share transfers, 1 funding round), with disclosed funding of ₹5.28 Cr; the latest was in June 2023.
The peers of G.R.Sponge and Power by revenue are GM Iron & Steel Company Limited, Vinayak TMT Bars Private Limited, Shree Nakoda Ispat Limited, Balmukund Sponge and Iron Private Limited, Khyati Ispat Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Sappati Satyanarayan was appointed as CFO on 01 Jul 2025. Anushree Agrawal ceased to be CFO on 31 Dec 2024. Ranjeet Singh Thakur was appointed as Director on 17 Jun 2024. G.R.Sponge and Power has 16 board changes on record in total.
G.R.Sponge and Power has 11 MSME Form 1 returns on record between 2019 and 2023, listing 207 overdue payments to 65 micro and small suppliers. The latest return was filed on 30 Aug 2023.
G.R.Sponge and Power can be reached through the website grgroupindia.com. Its registered office is in Raipur, Chhattisgarh, India.