Jagannath Sponge Private Limited
About Jagannath Sponge Private Limited
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Jagannath Sponge Private Limited is a private limited company based in Biramitrapur, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 24 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2003PTC007127. Its GSTIN is 21AABCJ2592E2ZY (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Charan Singh and Jitender Singh Grewal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Biramitrapur, Odisha.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.27 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹11.21 Lakh (net margin -23.7%) and EBITDA of ₹16.57 Lakh (EBITDA margin 35%). Revenue has grown at a compounded annual rate (CAGR) of 260% over three years.
As per MCA filings, the company has open charges of ₹16.05 Cr and satisfied charges of ₹38.91 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in August 2021. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Siddhivinayak Steel Indsutries Private Limited with revenue of ₹47.95 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Jagannath Sponge Private Limited's registered office is in Biramitrapur, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressC/O Arun Kumar Gaindhar Naikenbahal, Kuarmunda Sundargarh, Biramitrapur, Odisha, India – 770039
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Jagannath Sponge Private 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
Financials of Jagannath Sponge Private Limited
FY 2025 filings availableJagannath Sponge Private Limited reported revenue of ₹47.27 Lakh (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 260%. EBITDA fell 64% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹16.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.21 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35% | ||||
| Net Profit Margin | -23.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Jagannath Sponge Private Limited, buy the company report.
Board of directors of Jagannath Sponge Private Limited
Jagannath Sponge has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Charan Singh Also directs: Akp Projects Private Limited, R. S. Udyog Private Limited | Additional Director | 20 May 2022 | 4 Years 5 Months | Current |
| Jitender Singh Grewal Also directs: R. S. Udyog Private Limited | Additional Director | 20 May 2022 | 4 Years 5 Months | Current |
| Arun Kumar Gaindhar Also directs: R. S. Udyog Private Limited | Additional Director | 20 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Jagannath Sponge Private Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Siddhivinayak Steel Indsutries Private Limited | ₹47.95 Lakh (FY 2019) | 488.0% | Mumbai, Maharashtra, India | |||
| Agni Alloys Private Limited | ₹47.67 Lakh (FY 2017) | -61.0% | Coimbatore, Tamil Nadu, India | |||
| Leco Iron and Steel Private Limited | ₹47.56 Lakh (FY 2021) | -90.0% | Ghaziabad, Uttar Pradesh, India | |||
| Singhal Steel Casting Private Limited | ₹47.41 Lakh (FY 2025) | -64.0% | Kanpur, Uttar Pradesh, India | |||
| Ritu Enterprises Private Limited | ₹47.34 Lakh (FY 2022) | -36.0% | Indore, Madhya Pradesh, India | |||
| Jagannath Sponge Private Limitedthis company | ₹47.27 Lakh (FY 2025) | -₹11.21 Lakh | -23.7% | -22.0% | Biramitrapur, Odisha, India | |
| Jai Mangla Steels Private Limited | ₹47.1 Lakh (FY 2024) | -87.0% | Patna, Bihar, India | |||
| Shivay Cement Private Limited | ₹47.04 Lakh (FY 2022) | -18.0% | Motihari, Bihar, India | |||
| Neptune Steel Strips Limited | ₹46.76 Lakh (FY 2025) | 94.0% | Mumbai, Maharashtra, India | |||
| VRL Steel Private Limited | ₹46.68 Lakh (FY 2025) | -26.0% | Hubli, Karnataka, India | |||
| Innov & Build Steel Private Limited | ₹46.65 Lakh (FY 2023) | 238.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Jagannath Sponge Private Limited, buy the company report.
Auditor
Jagannath Sponge Private Limited is audited by G C BANKA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G C BANKA & CO | FY 2021 | 313104E |
Shareholding
The shareholding of Jagannath Sponge Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jagannath Sponge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2011 | 10315776 | Uco Bank | ₹15 Cr | Open | |
| 03 Mar 2005 | 90080400 | Canara Bank | ₹1.05 Cr | Open | |
| 08 Aug 2009 | 10173450 | Others | ₹37.56 Cr | Satisfied | |
| 03 Mar 2004 | 90080224 | Canara Bank | ₹1.35 Cr | Satisfied |
To see the full charge records of Jagannath Sponge Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Jagannath Sponge Private Limited has 1 deal on record (1 acquisition); the latest was in August 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Acquisition | Undisclosed | Buyer: Omkara Assets Reconstruction Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jagannath Sponge Private Limited has 12 court cases on record: 3 filed by Jagannath Sponge, 9 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 1 |
| NCLAT | 4 | 4 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Court case (RVWPET) | Filed against the company | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Tata Power Western Odisha Distribution Limited (Tpwodl) and Another and 1 other | Disposed |
| Supreme Court | Court case (-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi) | Filed against the company by Tata Power Western Odisha Distribution Limited (Tpwodl) Chief Executive Officer Electrical Divison, Rajgangpur District Sundergarh Odisha , District: Sundargarh ,Sundargarh , Orissa | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Tata Power Western Odisha Distribution Limited (Tpwodl) | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Tata Power Western Odisha Distribution Limited (Tpwodl) | Disposed |
To see the full case history of Jagannath Sponge Private 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
No delayed payments to MSME suppliers are on our record for Jagannath Sponge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jagannath Sponge Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Jagannath Sponge has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCJ2592E2ZY | Odisha | Active | 02 Jun 2022 |
To see the full GST registrations and return filing status of Jagannath Sponge Private Limited, buy the company report.
Recent activity
Jagannath Sponge Private Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Gurdas Kapoor ceased to be Director on 23 May 2022.
15 earlier events are in the company report.
Frequently asked questions
Jagannath Sponge is an active private limited company based in Biramitrapur, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 24 April 2003 (23+ years old) and is registered under CIN U27102OR2003PTC007127.
Jagannath Sponge has 3 current directors:
- Charan Singh - Additional Director
- Jitender Singh Grewal - Additional Director
- Arun Kumar Gaindhar - Additional Director
The latest financial statements of Jagannath Sponge on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jagannath Sponge is 21AABCJ2592E2ZY, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Jagannath Sponge is U27102OR2003PTC007127. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagannath Sponge has 12 court cases on record: 3 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Jagannath Sponge was incorporated on 24 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Cuttack.
Jagannath Sponge has 1 deal on record (1 acquisition); the latest was in August 2021.
The peers of Jagannath Sponge by revenue are Siddhivinayak Steel Indsutries Private Limited, Agni Alloys Private Limited, Leco Iron and Steel Private Limited, Singhal Steel Casting Private Limited, Ritu Enterprises Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Gurdas Kapoor ceased to be Director on 23 May 2022. Arun Kumar Gaindhar was appointed as Additional Director on 20 May 2022. Charan Singh was appointed as Additional Director on 20 May 2022. Jagannath Sponge has 15 board changes on record in total.
The registered office of Jagannath Sponge is at CO Arun Kumar Gaindhar Naikenbahal, Kuarmunda Sundargarh, Biramitrapur, Odisha, India – 770039.