About Ifgl Refractories Limited
Data last updated:
Ifgl Refractories Limited was a public limited company based in Sundargarh, Orissa, India, operated as a subsidiary of Bajoria Holdings Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 22 November 1989.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN L27202OR1989PLC002971. The company has 7 GST registrations on record, none of which is active. It is a listed company.
The company had an authorised share capital of ₹60 Cr and a paid-up capital of ₹34.61 Cr. It was led by directors including Pradeep Bajoria (Managing Director) and Shishir Kumar Bajoria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Sector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Orissa, India – 770031.
As per the financials filed for FY 2016, the company reported a revenue of ₹722.06 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹41.96 Cr (net margin 5.8%) and EBITDA of ₹76.02 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
Its group structure included 2 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹3.2 Cr on record. Court records list 27 cases involving the company, including 23 filed by the company and 4 filed against it; 8 cases are pending.
The last known website on record is ifglref.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Orissa, India – 770031
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Ifgl Refractories Limited
The main business activities of Ifgl Refractories are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ifgl Refractories Limited FY 2016 filings available
Ifgl Refractories Limited reported revenue of ₹722.06 Cr (down 9% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Ifgl Refractories Limited
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 18% 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 of Ifgl Refractories Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | ₹76.02 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹41.96 Cr | •••• |
| 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 of Ifgl Refractories Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 10.5% | •••• |
| Net Profit Margin | 5.8% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ifgl Refractories are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Ifgl Refractories Limited
Ifgl Refractories Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Ifgl Refractories Limited
Ifgl Refractories Limited currently reports 9 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Agarwal | Company Secretary | 14 Aug 2000 | 26 Years 1 Months | As last reported |
| Yuzo Kawatsu | Additional Director | 11 May 2017 | 9 Years 4 Months | As last reported |
| Debal Kumar Banerji | Director | 25 May 2011 | 15 Years 4 Months | As last reported |
| Shishir Kumar Bajoria Also directs: Ifgl Refractories Limited, Mudita Lifespaces Design LLP, Ganges Art Gallery Private Limited and 5 more | Whole-Time Director | 01 Apr 2015 | 11 Years 6 Months | As last reported |
| Pradeep Bajoria | Managing Director | 07 Feb 1996 | 30 Years 8 Months | As last reported |
| Duraiswamy Gunaseela Rajan | Director | 14 Aug 2000 | 26 Years 1 Months | As last reported |
Ownership and Shareholding of Ifgl Refractories Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ifgl Refractories Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jun 2011 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.13 Cr | Satisfied |
| 09 Jun 2008 | The Hongkong and Shanghai Banking Corporation Limited | ₹7.6 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Ifgl Refractories Limited
Ifgl Refractories Limited has 27 court cases on record: 23 filed by Ifgl Refractories, 4 filed against it. 8 cases are pending and 19 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 2 | 6 |
| District courts | 3 | 0 | 0 |
| Supreme Court | 2 | 2 | 1 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Court case (COPET) | Filed by the company against Adhunik Metaliks Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Gates India Private Limited and 1 other | Disposed |
| Calcutta High Court | Court case (APO) | Filed by the company against Lindsay International Pvt.Ltd. | Disposed |
| Calcutta High Court | Arbitration matter | Filed by the company against Lindsay International Pvt.Ltd. | Disposed |
| Calcutta High Court | Appeal | Filed by the company against Ifgl Refractories Limited | Disposed |
Full case history
All 27 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ifgl Refractories Limited
Employment history and EPFO contributions of people linked to Ifgl Refractories.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Ifgl Refractories Limited
Ifgl Refractories has 2 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ifgl Exports Limited, India | U51909WB2007PLC118407 | Locked |
| Ifgl Refractories Limited | U51909WB2007PLC118407 | Locked |
Showing major subsidiaries. Total: 2.
CIN History of Ifgl Refractories Limited
Ifgl Refractories has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27202OR1989PLC002971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27202OR1989PLC002971 | Current |
| L00153OR1989PLC002971 | Previous |
| L00153OR1991PLC002971 | Previous |
News related to Ifgl Refractories Limited
Recent Activity on Ifgl Refractories Limited
Ifgl Refractories Limited has 28 board changes on record since 1991: 19 appointments and 9 cessations. The latest: Yuzo Kawatsu was appointed as Additional Director on 11 May 2017.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ifgl Refractories Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ifgl Refractories Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ifgl Refractories Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ifgl Refractories Limited
Ifgl Refractories has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ifgl Refractories Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ifgl Refractories Limited
Ifgl Refractories has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ifgl Refractories was a public limited company based in Sundargarh, Orissa, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 22 November 1989 and is registered under CIN L27202OR1989PLC002971. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ifgl Refractories was incorporated on 22 November 1989. It is registered with the Registrar of Companies, Cuttack.
Ifgl Refractories had 10 directors and KMP:
- Pradeep Bajoria - Managing Director
- Shishir Kumar Bajoria - Whole-Time Director
- Yuzo Kawatsu - Additional Director
- Debal Kumar Banerji - Director
- Duraiswamy Gunaseela Rajan - Director
- Kanwar Sanyal Satyabrata - Director
- Sudhamoy Khasnobis - Director
- Surendra Munshi - Director
- Bharati Ray - Director
- Rajesh Agarwal - Company Secretary
The CIN (Corporate Identification Number) of Ifgl Refractories is L27202OR1989PLC002971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Ifgl Refractories is a listed company.
The registered office of Ifgl Refractories is at Sector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Orissa, India – 770031.
Ifgl Refractories can be reached through the website ifglref.com. Its registered office is in Sundargarh, Orissa, India.
Ifgl Refractories reported revenue of ₹722.06 Cr for FY 2016 (down 9% YoY).
Ifgl Refractories has an authorised share capital of ₹60 Cr and a paid-up capital of ₹34.61 Cr.