About Mittal Corp Limited
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Mittal Corp Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 05 July 1985.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27106MH1985PLC169768. Its GSTIN is 23AABCJ1303P1ZT (Madhya Pradesh). The company held 9 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹1,440.91 Cr and a paid-up capital of ₹1,233.76 Cr. It was formerly known as Jewel Seamless Limited and Jewelz Steel and Energy Limited. It was led by directors including Sheetij Agarwal and Bikram Munka.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹36.38 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹19.79 Cr (net margin -54.4%) and EBITDA of -₹5.49 Cr (EBITDA margin -15.1%).
The company had about 11 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Mittal Corp. As per MCA filings, the company had satisfied charges of ₹2,518.29 Cr on record. Court records list 53 cases involving the company, including 10 filed by the company and 43 filed against it; 3 cases are pending. The company has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 acquisition), with disclosed funding of ₹126.26 Cr; the latest was in October 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Munshi Kewal Steels (India) Private Limited with revenue of ₹36.48 Cr.
The last known website on record is mittalcorp.net.
Company details
Name history
Mittal Corp has undergone 3 name changes throughout its history. The company was previously known as Jewel Seamless Limited, Jewelz Steel And Energy Limited, and Jewels Seamless Limited. The current legal name is Mittal Corp Limited.
| Company Name | Status |
|---|---|
| Mittal Corp Limited | Current |
| Jewel Seamless Limited | Previous |
| Jewelz Steel And Energy Limited | Previous |
| Jewels Seamless Limited | Previous |
CIN history
Mittal Corp has one previous CIN (Corporate Identification Number): U27106MP1985PLC002929. The current CIN is U27106MH1985PLC169768, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106MH1985PLC169768 | Current |
| U27106MP1985PLC002929 | Previous |
Contact details
Mittal Corp Limited's registered office is in Mumbai, Maharashtra. Its website is mittalcorp.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWework Vaswani Chambers, 2nd Floor 264 – 265 Dr Annie Besant Rd Municipal Colony Worli Shivaji Nagar Worli, Mumbai, Maharashtra, India – 400030
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Mittal Corp 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
Mittal Corp operates one associated brand: Mittal Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stainless steel rebars are manufactured in Mumbai, India. | mittalcorp.net |
Business activity
The main business activity of Mittal Corp 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 Mittal Corp Limited, buy the company report.
Financials of Mittal Corp Limited
FY 2021 filings availableMittal Corp Limited reported revenue of ₹36.38 Cr (down 88% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year. EBITDA rose 51% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹36.38 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.79 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.1% | ||||
| Net Profit Margin | -54.4% | ||||
| 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 Mittal Corp Limited, buy the company report.
Board of directors of Mittal Corp Limited
Mittal Corp has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetij Agarwal Also directs: Shyam Metalics and Energy Limited, SS Alufoils Private Limited, Smel Steel Structural Private Limited and 5 more | Director | 31 Oct 2023 | 3 Years 0 Months | As last reported |
| Bikram Munka Also directs: Shyam Sel and Power Limited, Shree Venkateshwara Electrocast Private Limited, Shree Sikhar Iron & Steel Private Limited and 1 more | Director | 31 Oct 2023 | 3 Years 0 Months | As last reported |
| Sanjay Kumar Agarwal Also directs: Shyam Metalics and Energy Limited, Shyam Sel and Power Limited, Smel Specialty Alloys Private Limited and 4 more | Director | 31 Oct 2023 | 3 Years 0 Months | As last reported |
Peer comparison
Mittal Corp Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Munshi Kewal Steels (India) Private Limited | ₹36.48 Cr (FY 2024) | 24.0% | Delhi, India | |||
| Vinayaka Bright Steels Private Limited | ₹36.44 Cr (FY 2024) | 20.0% | Nagpur, Maharashtra, India | |||
| Savitri Stainless Private Limited | ₹36.38 Cr (FY 2025) | -25.0% | Kharkhoda, Sonipat, Haryana, India | |||
| Mittal Corp Limitedthis company | ₹36.38 Cr (FY 2021) | -₹19.79 Cr | -54.4% | -88.0% | 11 | Mumbai, Maharashtra, India |
| Jaiswal Steel Industries Private Limited | ₹36.32 Cr (FY 2025) | 9.0% | Jugsalai Jamshedpur, Jharkhand, India | |||
| Jyotika Strips Private Limited | ₹36.29 Cr (FY 2024) | 1.0% | Alwar, Rajasthan, India | |||
| Krishna Copper Limited | ₹36.25 Cr (FY 2024) | 57.0% | Mumbai, Maharashtra, India | |||
| Isher Megastructures India Private Limited | ₹36.19 Cr (FY 2025) | 154.0% | Pilani, Rajasthan, India | |||
| Dagasumati Steel Industries Private Limited | ₹36.17 Cr (FY 2023) | 32.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mittal Corp Limited, buy the company report.
Auditor
Mittal Corp Limited is audited by S A P JAIN & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A P JAIN & ASSOCIATES | FY 2021 | 019356C |
Shareholding
The shareholding of Mittal Corp 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mittal Corp Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2015 | 10563780 | Others | ₹58.68 Cr | Satisfied | |
| 30 Mar 2015 | 10563772 | Oriental Bank of Commerce | ₹57.65 Cr | Satisfied | |
| 30 Mar 2015 | 10563775 | Oriental Bank of Commerce | ₹111.65 Cr | Satisfied | |
| 01 Oct 2014 | 10523581 | Oriental Bank of Commerce | ₹66 Cr | Satisfied | |
| 06 Sep 2014 | 10518881 | Bank of Maharashtra | ₹30 Cr | Satisfied |
To see the full charge records of Mittal Corp Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Mittal Corp Limited has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 acquisition), with disclosed funding of ₹126.26 Cr; the latest was in October 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Acquisition | ₹1,233.75 Cr | Buyer: Shyam Sel and Power Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Matashrey Investment Service Private Limited, Future Stainless Steels Private Limited , Parks Webtek Limited Seller: Labh Ganga Marketing Private Limited |
| Nov 2015 | Funding round | ₹9 Cr | Investors: KN Metal Private Limited, Future Stainless Steels Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Matashrey Investment Service Private Limited Seller: Labh Ganga Marketing Private Limited |
| Sep 2012 | Funding round | ₹16.45 Cr | Investors: Labh Ganga Marketing Private Limited , Bennettt Colemn & Company Limited |
To see the full deal history of Mittal Corp 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
Mittal Corp Limited has 53 court cases on record: 10 filed by Mittal Corp, 43 filed against it. 3 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 16 | 13 | 0 |
| District courts | 15 | 10 | 1 |
| High courts | 12 | 11 | 2 |
| NCLAT | 8 | 8 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed by the company against Dhariwal Industries Ltd | Pending |
| High Court | Arbitration matter | Filed by the company against M/S Prakash Metallic Limited and 2 others | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Phoenix Arc Private Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Jindal Stainless Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Synergy Steels Limited | Disposed |
To see the full case history of Mittal Corp 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 Mittal Corp Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mittal Corp Limited has a workforce of 11 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mittal Corp has 9 GST registrations: 2 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCJ1303P1ZT | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AABCJ1303P2ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mittal Corp Limited, buy the company report.
Recent activity
Mittal Corp Limited has 21 board changes on record since 2006: 3 appointments and 18 cessations. The latest: Mahendra Kumar Jain ceased to be CFO on 30 Nov 2023.
112 earlier events are in the company report.
Frequently asked questions
Mittal Corp has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mittal Corp was a public limited company based in Mumbai, Maharashtra, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 05 July 1985 and is registered under CIN U27106MH1985PLC169768. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mittal Corp was incorporated on 05 July 1985. It is registered with the Registrar of Companies, Mumbai.
Mittal Corp had 3 directors:
- Sheetij Agarwal - Director
- Bikram Munka - Director
- Sanjay Kumar Agarwal - Director
The CIN (Corporate Identification Number) of Mittal Corp is U27106MH1985PLC169768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mittal Corp is at Wework Vaswani Chambers, 2nd Floor 264 – 265 Dr Annie Besant Rd Municipal Colony Worli Shivaji Nagar Worli, Mumbai, Maharashtra, India – 400030.
Mittal Corp can be reached through the website mittalcorp.net. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Mittal Corp on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Mittal Corp is 23AABCJ1303P1ZT, registered in Madhya Pradesh. The company has 9 GST registrations in all, of which 2 are active and 7 are cancelled or inactive. Other active GSTINs include 23AABCJ1303P2ZS (Madhya Pradesh).
Mittal Corp operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Mittal Corp has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 acquisition), with disclosed funding of ₹126.26 Cr; the latest was in October 2023.
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