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 ₹2.15 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 58 cases involving the company, including 6 filed by the company and 52 filed against it; 23 cases are pending.
The last known website on record is isinox.in.
Company details
CIN history
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 |
Contact details
Isinox Limited's registered office is in Mumbai, Maharashtra. Its website is isinox.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- 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
To see the full contact details of Isinox 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 Isinox 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 Isinox Limited, buy the company report.
Financials of Isinox Limited
FY 2024 filings availableIsinox Limited reported revenue of ₹2.15 Cr (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| 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 | ₹2.15 Cr | ||||
| 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
| 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 | |||||
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| 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 Isinox Limited, buy the company report.
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 | 15 Years 0 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 |
Auditor
Isinox Limited is audited by PRANAV BHASKARAN & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRANAV BHASKARAN & ASSOCIATES | FY 2024 | 147357W |
Shareholding
The shareholding of Isinox Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Isinox Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2021 | 100432394 | Others | ₹1.5 Cr | Open | |
| 14 Feb 2019 | 100266741 | Yes Bank Limited | ₹15.73 Cr | Open | |
| 16 Jan 2018 | 100150506 | Indian Bank | ₹2.8 Cr | Open | |
| 02 Jan 2018 | 100150510 | Indian Bank | ₹7 Cr | Open | |
| 08 Mar 2013 | 10413173 | Others | ₹15 Cr | Open |
To see the full charge records of Isinox Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Isinox Limited has 58 court cases on record: 6 filed by Isinox, 52 filed against it. 23 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 38 | 20 |
| NCLAT | 8 | 8 | 3 |
| NCLT | 6 | 6 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 58)
| 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 and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Yes Bank Ltd Through Shyam G | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Minions Ventures Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Kaybee Foundry Services Pvt Ltd | Pending |
To see the full case history of Isinox 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
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 |
To see the full MSME payment records of Isinox Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Isinox has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI5759F1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Isinox Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Siddharth Sudhir Gupta - Whole-Time Director
- Sudhir Harbanslal Gupta - Director
- Varun Sudhir Gupta - Director
The latest financial statements of Isinox on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 June 2024. Year-wise statements from 2015 are in the company report.
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 58 court cases on record: 6 filed by the company and 52 filed against it. 23 are pending. Most are in the district courts.
Isinox was incorporated on 31 July 1990. It is registered with the Registrar of Companies, Mumbai.
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.
Isinox has 5 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 6 micro and small suppliers. The latest return was filed on 05 May 2023.
Isinox can be reached through the website isinox.in. Its registered office is in Mumbai, Maharashtra, India.