MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0054368
Hiral Ispat Private Limited
Hiral Ispat Private Limited - metals and minerals in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.97 Cr
▲ 4% YoY
Net profit · FY 2024
₹74,280
Net margin 0%
EBITDA · FY 2024
₹83.85 Lakh
EBITDA margin 1.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.5 Cr
Issued & subscribed
Open charges
₹8.45 Cr
Satisfied ₹6.21 Cr
Company age
21 yrs
Est. 2005
Directors on board
2
As per MCA filings
About Hiral Ispat Private Limited
Data last updated:
Hiral Ispat Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2005PTC157023. Its GSTIN is 27AABCH6203L1ZM (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors Harshandu Vinodrai Vora and Bhavin Vinodrai Vora.
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 Shop No 16 Narmada Complex Cabin Road Bhyander East, Thane, Maharashtra, India – 401015.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.97 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹74,280 (net margin 0%) and EBITDA of ₹83.85 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹8.45 Cr and satisfied charges of ₹6.21 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
Hiral Ispat Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0054368). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27100MH2005PTC157023
Registration Number 157023
Incorporation Date 07 October 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0054368
Recognitions & Rankings of Hiral Ispat
Contact details
Hiral Ispat Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 16 Narmada Complex Cabin Road Bhyander East, Thane, Maharashtra, India – 401015
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Hiral Ispat Private Limited, buy the company report.
Comprehensive company report
Hiral Ispat Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Hiral Ispat 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 Hiral Ispat Private Limited, buy the company report.
Financials of Hiral Ispat Private Limited
FY 2025 filings availableHiral Ispat Private Limited reported revenue of ₹63.97 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹63.97 Cr ▲ 4%
Net profit · FY 2024
₹74,280 margin 0%
EBITDA · FY 2024
₹83.85 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 31%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 9%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 4% growth in the latest year. EBITDA fell 38% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹83.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74,280 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0% | ||||
| 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 Hiral Ispat Private Limited, buy the company report.
Board of directors of Hiral Ispat Private Limited
Hiral Ispat has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshandu Vinodrai Vora | Director | 25 Sep 2025 | 1 Years 1 Months | Current |
| Bhavin Vinodrai Vora | Director | 07 Oct 2005 | 21 Years 1 Months | Current |
Peer comparison
Hiral Ispat Private 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 |
|---|---|---|---|---|---|---|
| Maa Foundry Private Limited | ₹64.34 Cr (FY 2024) | 3.0% | Rourkela, Odisha, India | |||
| Swastik Ispat Private Limited | ₹64.32 Cr (FY 2024) | 14.0% | Rourkela, Odisha, India | |||
| Sarvottam Alloys Private Ltd. | ₹64.17 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Dharnendra Steelmet Private Limited | ₹64.01 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Hiral Ispat Private Limitedthis company | ₹63.97 Cr (FY 2024) | ₹74,280 | 0% | 4.0% | Thane, Maharashtra, India | |
| Akshay Steel Works Pvt. Ltd. | ₹63.95 Cr (FY 2024) | 22.0% | Kolkata, West Bengal, India | |||
| Panchkula Steel Pvt Ltd | ₹63.89 Cr (FY 2025) | 0.0% | Chandigarh, India | |||
| Akhil Ispat Private Limited | ₹63.79 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Palladam Steels Private Limited | ₹63.74 Cr (FY 2025) | -46.0% | Palladam, Tamil Nadu, India |
To see the full peer comparison of Hiral Ispat Private Limited, buy the company report.
Auditor
Hiral Ispat Private Limited is audited by Rakesh Kanthawala & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rakesh Kanthawala & Co. | FY 2023 | 130703W |
Shareholding
The shareholding of Hiral Ispat Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hiral Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.45 Cr
Satisfied charges
₹6.21 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2023 | 100868026 | Canara Bank | ₹50 Lakh | Open | |
| 29 Nov 2022 | 100646667 | State Bank of India | ₹1.15 Cr | Open | |
| 15 Nov 2022 | 100648394 | Canara Bank | ₹66 Lakh | Open | |
| 27 Jul 2022 | 100601477 | State Bank of India | ₹69 Lakh | Open | |
| 27 Jul 2022 | 100601546 | State Bank of India | ₹4.5 Cr | Open |
To see the full charge records of Hiral Ispat Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Hiral Ispat Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Total cases
4
Filed against the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by State Bank of India | Disposed |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Hiral Ispat 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hiral Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hiral Ispat has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH6203L1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiral Ispat Private Limited, buy the company report.
Recent activity
Hiral Ispat Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Vora Vinodrai Kalidas ceased to be Director on 27 Nov 2025.
Ceased
Vora Vinodrai Kalidas ceased to be Director.
AGM
Hiral Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Harshandu Vinodrai Vora ceased to be Additional Director.
Appointed
Harshandu Vinodrai Vora was appointed as Director.
Filing
Hiral Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge registered on 27 Jul 2022 via Charge ID 100601532 with State Bank Of India was fully satisfied on 03 Jan 2024.
Charges
A charge with Canara Bank amounted to Rs. 0.50 Cr with Charge ID 100868026 was registered on 28 Dec 2023.
Charges
A charge with State Bank Of India of Rs. 4.50 Cr registered on 27 Jul 2022 with Charge ID 100601546 was modified on 30 Aug 2023.
Charges
A charge with State Bank Of India amounted to Rs. 1.15 Cr with Charge ID 100646667 was registered on 29 Nov 2022.
Charges
A charge with Canara Bank amounted to Rs. 0.66 Cr with Charge ID 100648394 was registered on 15 Nov 2022.
Charges
A charge registered on 23 Dec 2021 via Charge ID 100516214 with Canara Bank was fully satisfied on 30 Jul 2022.
Charges
A charge registered on 30 Mar 2021 via Charge ID 100442632 with Canara Bank was fully satisfied on 30 Jul 2022.
21 earlier events are in the company report.
Frequently asked questions
Hiral Ispat is an active private limited company based in Thane, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 October 2005 (21+ years old) and is registered under CIN U27100MH2005PTC157023.
Hiral Ispat has 2 current directors:
- Harshandu Vinodrai Vora - Director
- Bhavin Vinodrai Vora - Director
The latest financial statements of Hiral Ispat 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 Hiral Ispat is 27AABCH6203L1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Hiral Ispat is U27100MH2005PTC157023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiral Ispat has 4 court cases on record: 4 filed against it.
Hiral Ispat was incorporated on 07 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hiral Ispat by revenue are Maa Foundry Private Limited, Swastik Ispat Private Limited, Sarvottam Alloys Private Ltd, Dharnendra Steelmet Private Limited, Akshay Steel Works Pvt. Ltd. and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Vora Vinodrai Kalidas ceased to be Director on 27 Nov 2025. Harshandu Vinodrai Vora ceased to be Additional Director on 29 Sep 2025. Harshandu Vinodrai Vora was appointed as Director on 25 Sep 2025. Hiral Ispat has 6 board changes on record in total.
Yes, Hiral Ispat is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0054368).
The registered office of Hiral Ispat is at Shop No 16 Narmada Complex Cabin Road Bhyander East, Thane, Maharashtra, India – 401015.
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