Hirakud Industrial Works Ltd
About Hirakud Industrial Works Ltd
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Hirakud Industrial Works Ltd is a public limited company based in Sambalpur, Odisha, India, a subsidiary of Indo Wagon Engineering Limited. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 12 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45201OR1993PLC003239. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.58 Cr. It is led by directors including Utpal Majumder and Ritabrata Adak.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hirakud Industrial Worksat – Hirakud, Sambalpur, Odisha, India – 768016.
As per the financials filed for FY 2019, the company reported a revenue of ₹66,200. For the same year it recorded a net loss of ₹16.05 Lakh and EBITDA of -₹16.71 Lakh.
As per MCA filings, the company has open charges of ₹39.32 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 53 cases involving the company, including 12 filed by the company and 44 filed against it; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Hirakud Industrial Works has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45201OR1993PLC003239, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201OR1993PLC003239 | Current |
| U45201OR1993PTC003239 | Previous |
| U45201OR1993SGC003239 | Previous |
Contact details
Hirakud Industrial Works Ltd's registered office is in Sambalpur, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHirakud Industrial Worksat – Hirakud, Sambalpur, Odisha, India – 768016
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Hirakud Industrial Works Ltd, 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
Financials of Hirakud Industrial Works Ltd
FY 2024 filings availableHirakud Industrial Works Ltd reported revenue of ₹66,200 for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹66,200 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹16.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.05 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hirakud Industrial Works Ltd, buy the company report.
Board of directors of Hirakud Industrial Works Ltd
Hirakud Industrial Works has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Utpal Majumder Also directs: Suryamani Financing Company Ltd., Sukaram Marketing Ltd, Chemical Corporation of India Limited and 5 more | Director | 21 Mar 2023 | 3 Years 7 Months | Current |
| Ritabrata Adak Also directs: India Tyre & Rubber Company (India) Limited, Moulishree Electricals & Electonics Ltd, Melrose Techno Private Limited and 5 more | Additional Director | 22 Mar 2024 | 2 Years 7 Months | Current |
| Raj Biswas Also directs: Hirakud Rolling Mill Limited, Metro Developers Ltd, Borneo Traders Private Limited and 5 more | Additional Director | 30 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Hirakud Industrial Works Ltd is audited by A K RAY & CO. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K RAY & CO. | FY 2019 | 303003E |
Shareholding
The shareholding of Hirakud Industrial Works Ltd is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hirakud Industrial Works Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2005 | 90082273 | The Industrial Development Corporation Fo Orissaltd. | ₹52.83 Lakh | Open | |
| 18 Dec 1999 | 90078371 | Union Bank of India | ₹50 Lakh | Open | |
| 18 Dec 1999 | 90079708 | Union Bank of India | ₹50 Lakh | Open | |
| 20 May 1998 | 90079534 | United Bank of India | ₹15.9 Cr | Open | |
| 31 Mar 1993 | 90081684 | United Bank of India | ₹10.06 Cr | Open |
To see the full charge records of Hirakud Industrial Works Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
Hirakud Industrial Works Ltd has 53 court cases on record: 12 filed by Hirakud Industrial Works, 44 filed against it. 19 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 23 | 6 |
| NCLAT | 15 | 15 | 10 |
| Supreme Court | 8 | 2 | 2 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Appeal | Filed against the company by Hindalco Industries Ltd., Sambalpur | Pending |
| Supreme Court | Court case | Filed by the company against Nandakini Contractors Private Limited | Pending |
| High Court, ORISSA | Interim or miscellaneous application | Filed against the company by M/S. Cimech Developers Pvt. Ltd., Cuttack | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Hindalco Industries Ltd. | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by H.I.W. Workers’ Union (Workers Union of Purported Corporate Debtor- Hirakud Industrial Works Limited) | Pending |
To see the full case history of Hirakud Industrial Works Ltd, 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 Hirakud Industrial Works Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hirakud Industrial Works has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hirakud Industrial Works Ltd, buy the company report.
Recent activity
Hirakud Industrial Works Ltd has 22 board changes on record since 2008: 4 appointments and 18 cessations. The latest: Raj Biswas was appointed as Additional Director on 30 Aug 2025.
24 earlier events are in the company report.
Frequently asked questions
Hirakud Industrial Works is an active public limited company based in Sambalpur, Odisha, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 12 March 1993 (33+ years old) and is registered under CIN U45201OR1993PLC003239.
Hirakud Industrial Works has 3 current directors:
- Utpal Majumder - Director
- Ritabrata Adak - Additional Director
- Raj Biswas - Additional Director
The latest financial statements of Hirakud Industrial Works on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Hirakud Industrial Works has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Hirakud Industrial Works is U45201OR1993PLC003239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hirakud Industrial Works has 53 court cases on record: 12 filed by the company and 44 filed against it. 19 are pending. Most are in the high courts.
Hirakud Industrial Works was incorporated on 12 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Cuttack.
Raj Biswas was appointed as Additional Director on 30 Aug 2025. Amit Kangsa Banik was appointed as Additional Director on 22 Mar 2024. Ritabrata Adak was appointed as Additional Director on 22 Mar 2024. Hirakud Industrial Works has 22 board changes on record in total.
The registered office of Hirakud Industrial Works is at Hirakud Industrial Worksat – Hirakud, Sambalpur, Odisha, India – 768016.
Hirakud Industrial Works operates in the metals and minerals industry, in the metal manufacturing and processing segment.
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