About Castings Dynamics Limited
Data last updated:
Castings Dynamics Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 01 September 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH1994PLC080707. Its GSTIN is 27AAACI7815G2ZK (Maharashtra). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹3.62 Cr. It was formerly known as Igl Castings Limited and India Power Services Limited. It is led by directors including Manish Sukhani (Irp/Rp/Liquidator) and Amit Suresh Lodha.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 502 5th Floor B Wing Pinnacle Corporate Park Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2019, the company reported a revenue of ₹26.97 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹17.98 Cr (net margin -66.7%) and EBITDA of -₹5.92 Cr (EBITDA margin -21.9%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
The company has about 162 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹121.11 Cr and satisfied charges of ₹15.45 Cr on record. Court records list 230 cases involving the company, including 24 filed by the company and 206 filed against it; 42 cases are pending. The company has 25 deals on record (13 funding rounds, 12 secondary share transfers), with disclosed funding of ₹18.55 Cr; the latest was in March 2019. Its 6 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is G M K Steels Private Limited with revenue of ₹27.49 Cr.
The last known website on record is globalindsur.in.
Company details
Name history
Castings Dynamics has undergone 20 name changes throughout its history. The current legal name is Castings Dynamics Limited.
| Company Name | Status |
|---|---|
| Castings Dynamics Limited | Current |
| Igl Castings Limited | Previous |
| India Power Services Limited | Previous |
| Metalcast Igl Ltd | Previous |
| Infracast Group Limited | Previous |
| Stelcor India Limited | Previous |
| Indsur Global Limited | Previous |
| Metalcast Igl Limited | Previous |
| Lodha Industries Limited | Previous |
| Ain India Limited | Previous |
| Infracast Corporation Limited | Previous |
| Infracast India Limited | Previous |
| Kkast Limited | Previous |
| Halol Castings (India)Limited | Previous |
| India Power Services Private Limited | Previous |
| Infracast Global Limited | Previous |
| Ipsl Industries Ltd | Previous |
| Kkast India Limited | Previous |
| Infracast Industries Limited | Previous |
| Indsur Metallics Limited | Previous |
| Cast Alloys Global Limited | Previous |
CIN history
Castings Dynamics has one previous CIN (Corporate Identification Number): U40100MH1994PTC080707. The current CIN is U40100MH1994PLC080707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100MH1994PLC080707 | Current |
| U40100MH1994PTC080707 | Previous |
Contact details
Castings Dynamics Limited's registered office is in Mumbai, Maharashtra. Its website is globalindsur.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address502 5th Floor B Wing Pinnacle Corporate Park Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Castings Dynamics 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 Castings Dynamics 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 Castings Dynamics Limited, buy the company report.
Financials of Castings Dynamics Limited
FY 2019 filings availableCastings Dynamics Limited reported revenue of ₹26.97 Cr (down 55% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 55% fall in the latest year. EBITDA fell 565% 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 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 | ₹26.97 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.98 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.9% | ||||
| Net Profit Margin | -66.7% | ||||
| 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 Castings Dynamics Limited, buy the company report.
Board of directors of Castings Dynamics Limited
Castings Dynamics has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Mal Lodha | Additional Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Indu Lodha | Additional Director | 01 Apr 2018 | 8 Years 6 Months | As last reported |
| Manish Sukhani Also directs: Sukhani's Kitchen LLP, 28Maei Professionals & Advisors LLP | Irp/Rp/Liquidator | 19 Jul 2023 | 3 Years 3 Months | As last reported |
| Amit Suresh Lodha | Director | 18 Dec 2009 | 16 Years 10 Months | As last reported |
Peer comparison
Castings Dynamics Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| G M K Steels Private Limited | ₹27.49 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Eshwarr Steel Tech Private Limited | ₹27.38 Cr (FY 2025) | -27.0% | Shimoga, Karnataka, India | |||
| Nectar Technocast Private Limited | ₹27.29 Cr (FY 2024) | 8.0% | Kotda Sanghani, Gujarat, India | |||
| Castings Dynamics Limitedthis company | ₹26.97 Cr (FY 2019) | -₹17.98 Cr | -66.7% | -55.0% | 162 | Mumbai, Maharashtra, India |
| Hebron Automotive Products Private Limited | ₹26.72 Cr (FY 2024) | 36.0% | Hosur, Tamil Nadu, India | |||
| SPB New Alloy Steel Private Limited | ₹26.56 Cr (FY 2025) | -25.0% | Coimbatore, Tamil Nadu, India | |||
| Jagdish Technocast Private Limited | ₹26.52 Cr (FY 2025) | -9.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Castings Dynamics Limited, buy the company report.
Auditor
Castings Dynamics Limited is audited by R C KOTHARI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R C KOTHARI & ASSOCIATES | FY 2019 | 127861W |
Shareholding
The shareholding of Castings Dynamics Limited 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 Castings Dynamics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2017 | 100148260 | Axis Bank Limited | ₹4 Cr | Open | |
| 22 Jun 2015 | 10575094 | Sbi Global Factors Limited | ₹7 Cr | Open | |
| 16 Aug 2013 | 10447634 | Axis Bank Limited | ₹32.79 Cr | Open | |
| 02 Feb 2012 | 10338615 | Axis Bank Limited | ₹24.92 Cr | Open | |
| 06 Apr 2004 | 80021135 | Others | ₹52.4 Cr | Open |
To see the full charge records of Castings Dynamics Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Castings Dynamics Limited has 25 deals on record (13 funding rounds, 12 secondary share transfers), with disclosed funding of ₹18.55 Cr; the latest was in March 2019.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Elixir Financial Services Private Limited , Lighhouse USA LLC, an individual |
| Nov 2012 | Funding round | ₹4.09 Cr | Investors: Elixir Financial Services Private Limited , an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sangam Agro Acres Private Limited |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Elixir Financial Services Private Limited |
| Dec 2010 | Funding round | ₹2.42 Cr | Investors: Sangam Agro Acres Private Limited |
To see the full deal history of Castings Dynamics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Castings Dynamics Limited has 230 court cases on record: 24 filed by Castings Dynamics, 206 filed against it. 42 cases are pending and 188 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 195 | 182 | 35 |
| High courts | 24 | 14 | 3 |
| NCLAT | 6 | 6 | 4 |
| NCLT | 3 | 3 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 230)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Yashu Iron Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Yashu Iron Private Limited | Pending |
| High Court, MAHARASHTRA | Criminal miscellaneous application | Filed by the company against M/S Yashu Iron Pvt Ltd | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Central Bank of India and Ors. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Yashu Iron Private Limited | Disposed |
To see the full case history of Castings Dynamics 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
Castings Dynamics Limited was last rated by Care on 28 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Sep 2022 |
To see the full credit ratings and regulatory alerts of Castings Dynamics Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Castings Dynamics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Castings Dynamics Limited has a workforce of 162 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Castings Dynamics has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI7815G2ZK | Maharashtra | Active | 17 Nov 2017 |
| 2720IND00005ON3 | Maharashtra | Active | 09 May 2020 |
| 27AAACI7815G3ZJ | Maharashtra | Active | 02 Nov 2020 |
| 24AAACI7815G2ZQ | Gujarat | Active | 18 Nov 2020 |
To see the full GST registrations and return filing status of Castings Dynamics Limited, buy the company report.
Recent activity
Castings Dynamics Limited has 17 board changes on record since 2009: 4 appointments and 13 cessations. The latest: Manish Sukhani was appointed as Irp/Rp/Liquidator on 19 Jul 2023.
28 earlier events are in the company report.
Frequently asked questions
Castings Dynamics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Castings Dynamics is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 01 September 1994 and is registered under CIN U40100MH1994PLC080707. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Castings Dynamics has 4 current directors:
- Suresh Mal Lodha - Additional Director
- Indu Lodha - Additional Director
- Amit Suresh Lodha - Director
- Manish Sukhani - Irp/Rp/Liquidator
The latest financial statements of Castings Dynamics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Castings Dynamics is U40100MH1994PLC080707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Castings Dynamics has open charges of ₹121.11 Cr and satisfied charges of ₹15.45 Cr as per latest MCA filings.
Castings Dynamics has 230 court cases on record: 24 filed by the company and 206 filed against it. 42 are pending. Most are in the district courts.
Castings Dynamics was incorporated on 01 September 1994. It is registered with the Registrar of Companies, Mumbai.
Castings Dynamics has 25 deals on record (13 funding rounds, 12 secondary share transfers), with disclosed funding of ₹18.55 Cr; the latest was in March 2019.
The peers of Castings Dynamics by revenue are G M K Steels Private Limited, Eshwarr Steel Tech Private Limited, Nectar Technocast Private Limited, Hebron Automotive Products Private Limited, SPB New Alloy Steel Private Limited and 1 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Manish Sukhani was appointed as Irp/Rp/Liquidator on 19 Jul 2023. Subrata Chakrabartti ceased to be Director on 01 Apr 2019. Suresh Mal Lodha was appointed as Additional Director on 01 Apr 2019. Castings Dynamics has 17 board changes on record in total.