About Isinox Limited
Data last updated:
Isinox Limited is a public limited company based in Mumbai, Maharashtra, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 31 July 1990.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1990PLC057523. Its GSTIN is 27AAACI5759F1ZG (Maharashtra).
The company has an authorised share capital of ₹12.2 Cr and a paid-up capital of ₹9.55 Cr. It was formerly known as Isinox Steels Limited. It is led by directors including Siddharth Sudhir Gupta (Whole-Time Director) and Sudhir Harbanslal Gupta.
Its last annual general meeting (AGM) was held on 29 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.73 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹26.3 Cr and EBITDA of -₹26.58 Cr. Revenue has declined at a compounded annual rate (CAGR) of 62% over five years.
As per MCA filings, the company has open charges of ₹122.03 Cr and satisfied charges of ₹18.07 Cr on record. Court records list 49 cases involving the company, including 5 filed by the company and 43 filed against it; 22 cases are pending.
The last known website on record is isinox.in.
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- TelephoneLocked
- Website
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- Registered AddressOffice No 301 And 304 3rd Floor A Wing Naman Midtown Off Sb Marg Elphinstone, Road, Mumbai, Maharashtra, India – 400013
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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 Isinox Limited
The main business activity of Isinox is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Isinox Limited FY 2024 filings available
Isinox Limited reported revenue of ₹4.73 Cr (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Isinox Limited
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 56% fall in the latest year. EBITDA fell 55% 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 Isinox Limited
| 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 | -₹26.58 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹26.3 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 Isinox Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Isinox 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.
Peer Comparison of Isinox Limited
Isinox Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kamna Steel Private Limited | ₹4.77 Cr (FY 2023) | •••• | •••• | 64.0% | •••• | Mumbai, Maharashtra, India |
| M N Steel Crafts Pvt Ltd | ₹4.76 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Punjab, India |
| NRJ Steel Processors Private Limited | ₹4.76 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Swedish Me Steel Private Limited | ₹4.74 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Mumbai, Maharashtra, India |
| Unimet Profiles Private Limited | ₹4.74 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | New Delhi, Delhi, India |
| Isinox Limited this company | ₹4.73 Cr (FY 2024) | •••• | •••• | -56.0% | •••• | Mumbai, Maharashtra, India |
| Agew Steel Manufacturers Pvt Ltd | ₹4.73 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
| Ram Lakhan Steel Private Limited | ₹4.72 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Jalna, Maharashtra, India |
| Dav Steel Foundry Private Limited | ₹4.72 Cr (FY 2023) | •••• | •••• | 49.0% | •••• | Durgapur, West Bengal, India |
| Mahesh Steel Switchgear Private Limited | ₹4.71 Cr (FY 2025) | •••• | •••• | 698.0% | •••• | Nashik, Maharashtra, India |
| Wingster Bright Steel Private Limited | ₹4.7 Cr (FY 2025) | •••• | •••• | •••• | Ballabgarh, Haryana, India |
Peers are the five companies nearest above and the five nearest below Isinox by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Isinox Limited
Isinox Limited is audited by PRANAV BHASKARAN & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRANAV BHASKARAN & ASSOCIATES | 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 of Isinox Limited
Isinox has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Harbanslal Gupta Also directs: Gupta Redevelopers LLP, India Homes Limited, Yeotmal Land Development and Trading Co Private Limited and 5 more | Director | 08 Jul 2021 | 5 Years 3 Months | As last reported |
| Siddharth Sudhir Gupta Also directs: Gupta Redevelopers LLP, India Homes Limited, Yeotmal Land Development and Trading Co Private Limited and 5 more | Whole-Time Director | 12 Oct 2011 | 14 Years 11 Months | As last reported |
| Varun Sudhir Gupta Also directs: Gupta Redevelopers LLP, India Homes Limited, Watertight Developers Private Limited and 5 more | Director | 30 May 2015 | 11 Years 4 Months | As last reported |
Ownership and Shareholding of Isinox 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 Isinox Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2021 | Others | ₹1.5 Cr | Open |
| 14 Feb 2019 | Yes Bank Limited | ₹15.73 Cr | Open |
| 16 Jan 2018 | Indian Bank | ₹2.8 Cr | Open |
| 02 Jan 2018 | Indian Bank | ₹7 Cr | Open |
| 08 Mar 2013 | Others | ₹15 Cr | Open |
Total charge records: 11 View all charges
Legal Cases of Isinox Limited
Isinox Limited has 49 court cases on record: 5 filed by Isinox, 43 filed against it, 1 where it is another party. 22 cases are pending and 27 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 35 | 19 |
| NCLAT | 8 | 8 | 3 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Edelweiss Retail Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Yes Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Minions Ventures Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Kay Bee Foundry Services Private Limited | Pending |
| District court, Raigad, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Arabian Petroleum Limited | Pending |
Full case history
All 49 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.
MSME Payment Delays by Isinox Limited
Isinox Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Patel Saw Mill | •••• | •••• | •••• |
| Star Lifting and Securing Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Isinox Limited
Employment history and EPFO contributions of people linked to Isinox.
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.
CIN History of Isinox Limited
Isinox has one previous CIN (Corporate Identification Number): L27100MH1990PLC057523. The current CIN is U27100MH1990PLC057523, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1990PLC057523 | Current |
| L27100MH1990PLC057523 | Previous |
Recent Activity on Isinox Limited
Isinox Limited has 16 board changes on record since 2007: 3 appointments and 13 cessations. The latest: Sudhir Harbanslal Gupta ceased to be Additional Director on 30 Nov 2021.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Isinox 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.
Subsidiaries & Group Companies of Isinox 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 Isinox Limited
Isinox has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI5759F1ZG | Maharashtra | Active | 01 Jul 2017 |
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 Isinox 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 Isinox Limited
Isinox 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.
Isinox is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 31 July 1990 and is registered under CIN U27100MH1990PLC057523. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Isinox reported revenue of ₹4.73 Cr for FY 2024 (down 56% YoY).
Isinox has 3 current directors:
- Siddharth Sudhir Gupta - Whole-Time Director
- Sudhir Harbanslal Gupta - Director
- Varun Sudhir Gupta - Director
Isinox reported a net loss of ₹26.3 Cr and EBITDA of -₹26.58 Cr for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Isinox is -62% over five years. In the latest year (FY 2024) revenue fell 56%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Isinox is U27100MH1990PLC057523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Isinox has open charges of ₹122.03 Cr and satisfied charges of ₹18.07 Cr as per latest MCA filings.
Isinox has 49 court cases on record: 5 filed by the company and 43 filed against it. 22 are pending. Most are in the district courts.
Isinox was incorporated on 31 July 1990. It is registered with the Registrar of Companies, Mumbai.
The peers of Isinox by revenue are Kamna Steel Private Limited, M N Steel Crafts Pvt Ltd, NRJ Steel Processors Private Limited, Swedish Me Steel Private Limited, Unimet Profiles Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Sudhir Harbanslal Gupta ceased to be Additional Director on 30 Nov 2021. Sudhir Harbanslal Gupta was appointed as Director on 08 Jul 2021. Kavita Joshi Raju ceased to be Director on 05 Feb 2021. Isinox has 16 board changes on record in total.