About Indo Alusys Industries Limited
Data last updated:
Indo Alusys Industries Limited is a public limited company based in Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 17 October 1979.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL1979PLC009937. Its GSTIN is 07AAACM5489L1ZY (Delhi). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.51 Cr. It was formerly known as Mahavir Aluminium Limited. It is led by directors including Pradeep Kumar Jain (Managing Director) and Amit Kumar Mangla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at B – 292 Office No. 303, Chandra Kanta Complex New Ashok Nagar India, Delhi, India – 110096.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.96 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net profit of ₹12.46 Cr (net margin 41.6%) and EBITDA of ₹18.84 Cr (EBITDA margin 62.9%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 39% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indo Alusys Industries. As per MCA filings, the company has satisfied charges of ₹941.2 Cr on record. Court records list 178 cases involving the company, including 108 filed by the company and 70 filed against it; 31 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in January 2022. Its 4 peer companies in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Blechtek Solutions India Private Limited with revenue of ₹30.28 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 184 overdue payments to 35 micro and small suppliers.
The last known website on record is indoalusys.com.
Company details
CIN history
Indo Alusys Industries has one previous CIN (Corporate Identification Number): L74999DL1979PLC009937. The current CIN is U74999DL1979PLC009937, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL1979PLC009937 | Current |
| L74999DL1979PLC009937 | Previous |
Contact details
Indo Alusys Industries Limited's registered office is in Delhi, Delhi. Its website is indoalusys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 292 Office No. 303, Chandra Kanta Complex New Ashok Nagar India, Delhi, India – 110096
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Indo Alusys Industries 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
Brands
Indo Alusys Industries operates one associated brand: Indo Alusys Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of aluminum products, alloy ingots, and power cables in India. | indoalusys.com |
Business activity
The main business activity of Indo Alusys Industries 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 Indo Alusys Industries Limited, buy the company report.
Financials of Indo Alusys Industries Limited
FY 2023 filings availableIndo Alusys Industries Limited reported revenue of ₹29.96 Cr (down 73% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 73% fall in the latest year. EBITDA rose 53% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.96 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.46 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.9% | ||||
| Net Profit Margin | 41.6% | ||||
| 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 Indo Alusys Industries Limited, buy the company report.
Board of directors of Indo Alusys Industries Limited
Indo Alusys Industries has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mannoj Jain | Additional Director | 22 Dec 2020 | 5 Years 10 Months | As last reported |
| Pradeep Kumar Jain Also directs: Indo Alusys System Private Limited, Indo Alusys Facade Solutions Private Limited, Aseem Chits Pvt Ltd and 1 more | Managing Director | 17 Oct 1979 | 47 Years 0 Months | As last reported |
| Amit Kumar Mangla Also directs: Silvertoan Papers Limited | Director | 25 Apr 2022 | 4 Years 6 Months | As last reported |
| Shweta Vashisht Also directs: Daan Delight Foods Private Limited | Director | 24 Mar 2023 | 3 Years 7 Months | As last reported |
| Manish Agarwal | Irp/Rp/Liquidator | 21 Jan 2025 | 1 Years 9 Months | As last reported |
Peer comparison
Indo Alusys Industries Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| Blechtek Solutions India Private Limited | ₹30.28 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| Suraj Foundries Private Limited | ₹30.02 Cr (FY 2025) | 29.0% | Nashik, Maharashtra, India | |||
| Indo Alusys Industries Limitedthis company | ₹29.96 Cr (FY 2023) | ₹12.46 Cr | 41.6% | -73.0% | 12 | Delhi, India |
| GSB Aluminium Private Limited | ₹29.92 Cr (FY 2025) | 11.0% | Bhilai, Chhattisgarh, India | |||
| D.P. Shaw Metal Foundry Private Limited | ₹29.8 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Indo Alusys Industries Limited, buy the company report.
Auditor
Indo Alusys Industries Limited is audited by Suresh Kumar Mittal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh Kumar Mittal & Co | FY 2023 | 500063N |
Shareholding
The shareholding of Indo Alusys Industries 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indo Alusys Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2019 | 100242087 | Others | ₹10 Cr | Satisfied | |
| 02 May 2018 | 100176195 | Sbicap Trustee Company Limited | ₹211 Cr | Satisfied | |
| 19 Dec 2017 | 100146534 | Others | ₹30 Cr | Satisfied | |
| 23 Jan 2017 | 100078322 | Others | ₹10 Lakh | Satisfied | |
| 03 Aug 2016 | 100044229 | Others | ₹18.5 Cr | Satisfied |
To see the full charge records of Indo Alusys Industries Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Indo Alusys Industries Limited has 1 deal on record (1 acquisition); the latest was in January 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Acquisition | ₹100 Cr | Buyer: Jindal Aluminium Limited. Seller: Indo Alusys Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo Alusys Industries Limited has 178 court cases on record: 108 filed by Indo Alusys Industries, 70 filed against it. 31 cases are pending and 147 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 97 | 44 | 22 |
| High courts | 63 | 15 | 7 |
| Supreme Court | 9 | 4 | 1 |
| NCLAT | 5 | 4 | 1 |
| NCLT | 4 | 3 | 0 |
Cases on record (5 of 178)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0901-Civil Law : SLPs arising out of interlocutory applications in civil proceedings, amendment of pleadings, time limits for pleadings, interim injunction, addition/deletion of parties, etc.) | Filed against the company by M/S Alpro Industries and 2 others | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by M/S Sarvo Technologies Ltd. | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed by the company against NCC Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against SMW Metal Private Limited | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by M/S J.P Engineers Pvt.Ltd | Pending |
To see the full case history of Indo Alusys Industries 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
Indo Alusys Industries Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 184 overdue payments to 35 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 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Khandelwal Busar Industries Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Matsya Automobiles Limited | |||
| an individual supplier |
To see the full MSME payment records of Indo Alusys Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indo Alusys Industries Limited has a workforce of 12 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Indo Alusys Industries has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM5489L1ZY | Delhi | Active | 01 Jul 2017 |
| 06AAACM5489L1Z0 | Haryana | Active | 01 Jul 2017 |
| 08AAACM5489L1ZW | Rajasthan | Active | 01 Jul 2017 |
| 09AAACM5489L2ZT | Uttar Pradesh | Active | 22 Aug 2017 |
To see the full GST registrations and return filing status of Indo Alusys Industries Limited, buy the company report.
Recent activity
Indo Alusys Industries Limited has 22 board changes on record since 1979: 5 appointments and 17 cessations. The latest: Manish Agarwal was appointed as Irp/Rp/Liquidator on 21 Jan 2025.
82 earlier events are in the company report.
Frequently asked questions
Indo Alusys Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indo Alusys Industries is a company under insolvency, formerly operating as a public limited company based in Delhi, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 17 October 1979 and is registered under CIN U74999DL1979PLC009937. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indo Alusys Industries has 5 current directors:
- Pradeep Kumar Jain - Managing Director
- Mannoj Jain - Additional Director
- Amit Kumar Mangla - Director
- Shweta Vashisht - Director
- Manish Agarwal - Irp/Rp/Liquidator
The latest financial statements of Indo Alusys Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indo Alusys Industries is U74999DL1979PLC009937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Alusys Industries has no open charges and satisfied charges of ₹941.2 Cr as per latest MCA filings.
Indo Alusys Industries has 178 court cases on record: 108 filed by the company and 70 filed against it. 31 are pending. Most are in the district courts.
Indo Alusys Industries was incorporated on 17 October 1979. It is registered with the Registrar of Companies, Delhi.
Indo Alusys Industries has 1 deal on record (1 acquisition); the latest was in January 2022.
The peers of Indo Alusys Industries by revenue are Blechtek Solutions India Private Limited, Suraj Foundries Private Limited, GSB Aluminium Private Limited, D.P. Shaw Metal Foundry Private Limited, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Manish Agarwal was appointed as Irp/Rp/Liquidator on 21 Jan 2025. Shweta Vashisht ceased to be Additional Director on 29 Sep 2023. Shweta Vashisht was appointed as Director on 24 Mar 2023. Indo Alusys Industries has 22 board changes on record in total.
Indo Alusys Industries has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 184 overdue payments to 35 micro and small suppliers. The latest return was filed on 08 Jun 2019.
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