Jhadeswar Ispat Private Limited
About Jhadeswar Ispat Private Limited
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Jhadeswar Ispat Private Limited is a private limited company based in Jharsuguda, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27104OR2005PTC008358. Its GSTIN is 21AABCJ5889J1ZA (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Smarajit Majumdar and Asit Baran Sarkar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at At Thana Gali Marwari Para, Jharsuguda, Odisha, India – 768201.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.01 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹78.32 Lakh (net margin -7.8%) and EBITDA of -₹52.27 Lakh (EBITDA margin -5.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 89% over five years.
As per MCA filings, the company has open charges of ₹2.38 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Jhadeswar Ispat Private Limited's registered office is in Jharsuguda, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt Thana Gali Marwari Para, Jharsuguda, Odisha, India – 768201
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Jhadeswar Ispat 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
Business activity
The main business activity of Jhadeswar Ispat 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 Jhadeswar Ispat Private Limited, buy the company report.
Financials of Jhadeswar Ispat Private Limited
FY 2022 filings availableJhadeswar Ispat Private Limited reported revenue of ₹10.01 Cr (down 64% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 64% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 89%. EBITDA fell 286% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹52.27 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹78.32 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.2% | ||||
| Net Profit Margin | -7.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Jhadeswar Ispat Private Limited, buy the company report.
Board of directors of Jhadeswar Ispat Private Limited
Jhadeswar Ispat has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smarajit Majumdar | Director | 01 Oct 2023 | 3 Years 1 Months | Current |
| Asit Baran Sarkar | Director | 19 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Jhadeswar Ispat Private 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 |
|---|---|---|---|---|---|---|
| Ssif Industries Private Limited | ₹10.08 Cr (FY 2025) | 55.0% | Uluberia, West Bengal, India | |||
| Jairam Foundry Private Limited | ₹10.07 Cr (FY 2021) | -12.0% | Nalgonda, Telangana, India | |||
| Shrine Steelmelt Private Limited | ₹10.06 Cr (FY 2024) | 404.0% | Rajkot, Gujarat, India | |||
| Popular Steel Works and Agricultural Implements Private Limited | ₹10.04 Cr (FY 2025) | 14.0% | Kolhapur, Maharashtra, India | |||
| Jhadeswar Ispat Private Limitedthis company | ₹10.01 Cr (FY 2022) | -₹78.32 Lakh | -7.8% | -64.0% | Jharsuguda, Odisha, India | |
| Rinita Metaliks Private Limited | ₹10.01 Cr (FY 2024) | -49.0% | Howrah, West Bengal, India | |||
| Shree Prakash Prashad Re-Rolling Private Limited | ₹9.99 Cr (FY 2025) | 58.0% | Bhiwadi, Rajasthan, India | |||
| Puremint Steels Private Limited | ₹9.98 Cr (FY 2025) | 319.0% | Delhi, India | |||
| Goel Rolls & Alloys Limited. | ₹9.98 Cr (FY 2024) | -27.0% | Howrah, West Bengal, India |
To see the full peer comparison of Jhadeswar Ispat Private Limited, buy the company report.
Auditor
Jhadeswar Ispat Private Limited is audited by M K DIDWANIA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K DIDWANIA & ASSOCIATES | FY 2021 | 325249E |
Shareholding
The shareholding of Jhadeswar Ispat 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jhadeswar Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2018 | 100191769 | Others | ₹2 Cr | Open | |
| 23 Dec 2008 | 10147338 | Oriental Bank of Commerce | ₹37.5 Lakh | Open |
To see the full charge records of Jhadeswar Ispat Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Jhadeswar Ispat Private Limited has 1 court case on record: 1 filed by Jhadeswar Ispat. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed by the company against The State Tax Officer, CT and GST Circle, Jharsuguda | Pending |
To see the full case history of Jhadeswar Ispat 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 Jhadeswar Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jhadeswar Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCJ5889J1ZA | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jhadeswar Ispat Private Limited, buy the company report.
Recent activity
Jhadeswar Ispat Private Limited has 8 board changes on record since 2005: 4 appointments and 4 cessations. The latest: Chandan Didwania ceased to be Managing Director on 20 Jun 2025.
2 earlier events are in the company report.
Frequently asked questions
Jhadeswar Ispat is an active private limited company based in Jharsuguda, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 September 2005 (21+ years old) and is registered under CIN U27104OR2005PTC008358.
Jhadeswar Ispat has 2 current directors:
- Smarajit Majumdar - Director
- Asit Baran Sarkar - Director
The latest financial statements of Jhadeswar Ispat on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Jhadeswar Ispat is 21AABCJ5889J1ZA, registered in Odisha.
The CIN (Corporate Identification Number) of Jhadeswar Ispat is U27104OR2005PTC008358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jhadeswar Ispat has 1 court case on record: 1 filed by the company. 1 is pending.
Jhadeswar Ispat was incorporated on 20 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Jhadeswar Ispat by revenue are Ssif Industries Private Limited, Jairam Foundry Private Limited, Shrine Steelmelt Private Limited, Popular Steel Works and Agricultural Implements Private Limited, Rinita Metaliks Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Chandan Didwania ceased to be Managing Director on 20 Jun 2025. Asit Baran Sarkar was appointed as Director on 19 Jun 2025. Meera Didwania ceased to be Director on 17 Oct 2023. Jhadeswar Ispat has 8 board changes on record in total.
The registered office of Jhadeswar Ispat is at At Thana Gali Marwari Para, Jharsuguda, Odisha, India – 768201.
Jhadeswar Ispat operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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