About Happy Steels Limited
Data last updated: 09 January 2026
Happy Steels Limited is a public limited company based in Ludhiana, Punjab, India. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 14 June 1996, the company has been in operation for over 30 years.
Registered with ROC Chandigarh under CIN U35923PB1996PTC018348.
Capital: an authorised share capital of ₹16 Cr and a paid-up capital of ₹10.5 Cr. Formerly known as Happy Steels Private Limited. It is led by directors including Parveen Kumar Garg and Abhishek Garg.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Kanganwal Road, Ludhiana, Punjab, India – 141122.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.99 Cr, a decline of 14% compared to the previous year.
The company has a workforce of approximately 295 employees as per the latest available data.
The company is associated with 1 brand - Happy Steels. As per MCA filings, the company has open charges of ₹28.19 Cr and satisfied charges of ₹16.92 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website happysteels.com.
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Registered AddressKanganwal Road, Ludhiana, Punjab, India – 141122
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IndustryAutomotive, Auto Parts & Components
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Happy Steels Limited
Happy Steels Limited has one previous CIN (Corporate Identification Number): U35923PB1996PTC018348. The current CIN is U35923PB1996PLC018348, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35923PB1996PLC018348 | Current |
| U35923PB1996PTC018348 | Previous |
Associated Brands with Happy Steels Limited
Happy Steels Limited operates one associated brand: HAPPY STEELS. These brands represent Happy Steels Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufactures automotive axle shafts and components for OEMs globally. | happysteels.com |
Competitors & Alternatives of Happy Steels Limited
Brands and companies operating in the same space as Happy Steels Limited include Happy Forgings, Gates, Dana and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Happy Forgings
|
Drive transmission components are manufactured and supplied. | Ludhiana, India, India | 1973 |
Gates
|
Transmission components are manufactured and supplied to the aftermarket. | Denver, United States, United States | 1911 |
Dana
|
Driveline technologies and components for electrified light vehicles are supplied. | Maumee, United States, United States | 1904 |
Ricardo
|
Drive transmission components are manufactured and supplied to OEMs. | - | 1915 |
Divgi TorqTransfer Systems
|
Automotive transmission systems are manufactured and supplied to OEMs. | Pune, India, India | 1995 |
New Motion Labs
|
Automotive transmission systems are manufactured by New Motion Labs. | London, United Kingdom, United Kingdom | 2019 |
Imperial Auto
|
Manufacturer and assembler of fluid transmission products and high & low pressure hose assemblies | Faridabad, India, India | 1969 |
Ring Plus Aqua
|
Gears and automotive components are manufactured and supplied. | Thane, India, India | 1984 |
Cloyes
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Timing drive systems and gear parts for automobile manufacturers | Fort Smith, United States, United States | 1921 |
Business Activity of Happy Steels Limited
Happy Steels Limited is engaged in the principal business activity of manufacturing, with detailed activities including manufacture of machinery and equipment n.e.c..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. | Locked |
Business activity turnover details for Happy Steels Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Board of Directors of Happy Steels Limited
Happy Steels Limited is currently managed by 6 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parveen Kumar Garg | Whole-Time Director | 14 Jun 1996 | 30 Years 1 Months | Current |
| Abhishek Garg | Managing Director | 15 May 2006 | 20 Years 2 Months | Current |
| Deepak Garg | Whole-Time Director | 15 Feb 2023 | 3 Years 5 Months | Current |
|
Vikas Giya
Also directs:
Viksun Consultants Private Limited
|
Director | 15 Feb 2025 | 1 Years 5 Months | Current |
| Shashi Batta | Director | 01 Dec 2025 | 0 Years 7 Months | Current |
| Surinder Kumar | Director | 01 Dec 2025 | 0 Years 7 Months | Current |
Financials of Happy Steels Limited FY 2024 filings available
Happy Steels Limited reported revenue of ₹80.99 Cr (down 14.00% YoY) for FY 2024.
Ten-year financial statements for Happy Steels Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Charges & Borrowings of Happy Steels Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Nov 2025 | Others | ₹16.79 Lakh | Open |
| 14 Aug 2025 | Sidbi | ₹2.65 Cr | Open |
| 20 Jul 2023 | Hdfc Bank Limited | ₹28.83 Lakh | Open |
| 18 Jul 2023 | Hdfc Bank Limited | ₹9 Lakh | Open |
| 17 Apr 2023 | Hdfc Bank Limited | ₹19 Cr | Open |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Happy Steels Limited
View historical data on people associated with Happy Steels Limited, including employment history and EPFO contributions.
Employee and EPFO history for Happy Steels Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Happy Steels Limited
GST registrations and filing compliance for Happy Steels Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Happy Steels Limited
Credit ratings, litigation, and regulatory alerts for Happy Steels Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Happy Steels Limited
MSME payment history for Happy Steels Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Happy Steels Limited
Corporate group structure for Happy Steels Limited
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- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Happy Steels Limited
MCA filings and documents for Happy Steels Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Happy Steels Limited
Frequently Asked Questions about Happy Steels Limited
Happy Steels Limited is an active public limited company in the automotive sector based in Ludhiana, Punjab, India. It was incorporated on 14 June 1996 (30+ years old) and is registered under CIN U35923PB1996PLC018348. The company has 295 employees.
Happy Steels Limited reported revenue of ₹80.99 Cr for FY 2024 (down 14.00% YoY).
The current directors of Happy Steels Limited are:
- Parveen Kumar Garg - Whole-Time Director
- Abhishek Garg - Managing Director
- Deepak Garg - Whole-Time Director
- Vikas Giya - Director
- Shashi Batta - Director
- Surinder Kumar - Director
The primary industry of Happy Steels Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.
Happy Steels Limited can be reached at the registered office: Kanganwal Road, Ludhiana, Punjab, India – 141122, or through the website happysteels.com.
The authorised capital is ₹16 Cr, and the paid-up capital is ₹10.5 Cr.