About Haq Steels Private Limited
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Haq Steels Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28999GJ2013PTC073571. Its GSTIN is 24AADCH1115K1ZZ (Gujarat).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.45 Cr. It is led by directors including Inamulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 116/B Shah & Shah Estate B/H. Gujarat Botalling Near Maniar Tailor Rakhiyal, Ahmedabad, Gujarat, India – 380023.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.31 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net profit of ₹40.21 Lakh (net margin 30.6%) and EBITDA of ₹1.09 Cr (EBITDA margin 82.6%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years and 68% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹89.25 Cr and satisfied charges of ₹45.6 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 1 case is pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.43 Cr; the latest was in March 2017. Its 4 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 3 smaller; the largest is Sve Steels Private Limited with revenue of ₹1.32 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 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 sail.co.in.
Company details
Contact details
Haq Steels Private Limited's registered office is in Ahmedabad, Gujarat. Its website is sail.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address116/B Shah & Shah Estate B/H. Gujarat Botalling Near Maniar Tailor Rakhiyal, Ahmedabad, Gujarat, India – 380023
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Haq Steels Private 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 Haq 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 |
Financials of Haq Steels Private Limited
FY 2024 filings availableHaq Steels Private Limited reported revenue of ₹1.31 Cr (up 91% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 91% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 68%. EBITDA rose 702% 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 | ₹1.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.21 Lakh | ||||
| Balance Sheet | |||||
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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 | 82.6% | ||||
| Net Profit Margin | 30.6% | ||||
| Return on Equity (ROE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Haq Steels Private Limited, buy the company report.
Board of directors of Haq Steels Private Limited
Haq Steels has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Inamulhaq Shamsulhaq Iraki Also directs: Ait Hotels LLP, Viramgam Rerolling Mills Private Limited, German Green Steel and Power Limited and 3 more | Director | 15 Feb 2013 | 13 Years 8 Months | Current |
| Ibrarulhaq Inamulhaq Iraki Also directs: German Green Steel and Power Limited, Iraki Enterprise Limited, Sonics Infracon LLP and 2 more | Director | 23 Mar 2015 | 11 Years 7 Months | Current |
| Ziyaulhaq Abdulhaq Iraki Also directs: Viramgam Rerolling Mills Private Limited, Iraki Enterprise Limited, German Freight Terminal LLP and 2 more | Director | 23 Mar 2015 | 11 Years 7 Months | Current |
| Shree Ram Sharma | Director | 07 Dec 2021 | 4 Years 11 Months | Current |
Peer comparison
Haq Steels Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Sve Steels Private Limited | ₹1.32 Cr (FY 2023) | -17.0% | Bangalore, Karnataka, India | |||
| Haq Steels Private Limitedthis company | ₹1.31 Cr (FY 2025) | ₹40.21 Lakh | 30.6% | 91.0% | 1 | Ahmedabad, Gujarat, India |
| Purnima Ispat Private Limited | ₹1.31 Cr (FY 2025) | -94.0% | Raipur, Chhattisgarh, India | |||
| Superheat Furnaces Private Limited | ₹1.3 Cr (FY 2024) | 9.0% | Hosur, Tamil Nadu, India | |||
| Thwisha Steel Private Limited | ₹1.3 Cr (FY 2021) | 45.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Haq Steels Private Limited, buy the company report.
Auditor
Haq Steels Private Limited is audited by KPSJ & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KPSJ & ASSOCIATES LLP | FY 2023 | 124845W/W100209 |
Shareholding
The shareholding of Haq Steels Private 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 Haq Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2024 | 100919655 | Others | ₹40 Cr | Open | |
| 28 Mar 2022 | 100560869 | Others | ₹49.25 Cr | Open | |
| 27 Mar 2014 | 10488089 | State Bank of India | ₹45.6 Cr | Satisfied |
To see the full charge records of Haq Steels Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Haq Steels Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.43 Cr; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: German Green Steel and Power Limited |
| Mar 2016 | Funding round | ₹5.45 Cr | Investors: German Green Steel and Power Limited , 3 individuals |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Sep 2014 | Funding round | ₹1.98 Cr | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹8 Cr | Investors: Ait Hotels Private Limited , German Green Steel and Power Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Haq Steels Private Limited has 8 court cases on record: 2 filed by Haq Steels, 6 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| NCLT | 3 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Invent Assets Securitisation & Reconstruction Pvt. Ltd. | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against C M Smith and Sons Limited | Disposed |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by M/S Siddhi Vinayak Impex Through Babubhai Parmar | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Principal Commissioner of Income Tax (Central) Ahmedabad and 1 other | Disposed |
| District court, Jamnagar, Gujarat | Motor accident claim | Filed against the company by Gujarat State Road Transport Corporation | Disposed |
To see the full case history of Haq Steels 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.
Credit ratings & regulatory alerts
Haq Steels Private Limited was last rated by Care on 06 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Aug 2026 |
To see the full credit ratings and regulatory alerts of Haq Steels Private Limited, buy the company report.
MSME payment delays
Haq Steels Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safetywala Equipments LLP | |||
| Shri Balaji Ceramic Products | |||
| an individual supplier | |||
| an individual supplier | |||
| SRMM Enviro Equipments |
To see the full MSME payment records of Haq Steels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Haq Steels Private Limited has a workforce of 1 employees on its EPFO records as of Feb 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Haq Steels Private Limited, buy the company report.
GST
Haq Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH1115K1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Haq Steels Private Limited, buy the company report.
Recent activity
Haq Steels Private Limited has 8 board changes on record since 2013: 6 appointments and 2 cessations. The latest: Shadab Akhlaque Ahmad Iraki ceased to be Director on 01 Mar 2025.
4 earlier events are in the company report.
Frequently asked questions
Haq Steels is an active private limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 February 2013 (13+ years old) and is registered under CIN U28999GJ2013PTC073571.
Haq Steels has 4 current directors:
- Inamulhaq Shamsulhaq Iraki - Director
- Ibrarulhaq Inamulhaq Iraki - Director
- Ziyaulhaq Abdulhaq Iraki - Director
- Shree Ram Sharma - Director
The latest financial statements of Haq Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Haq Steels is 24AADCH1115K1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Haq Steels is U28999GJ2013PTC073571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Haq Steels has 8 court cases on record: 2 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Haq Steels was incorporated on 15 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Haq Steels has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.43 Cr; the latest was in March 2017.
The peers of Haq Steels by revenue are Sve Steels Private Limited, Purnima Ispat Private Limited, Superheat Furnaces Private Limited, Thwisha Steel Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Shadab Akhlaque Ahmad Iraki ceased to be Director on 01 Mar 2025. Shree Ram Sharma was appointed as Director on 07 Dec 2021. Shadab Akhlaque Ahmad Iraki was appointed as Director on 19 May 2015. Haq Steels has 8 board changes on record in total.
Haq Steels has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 micro and small suppliers. The latest return was filed on 06 Jun 2019.
Haq Steels can be reached through the website sail.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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