Jiva Steels Private Limited
About Jiva Steels Private Limited
Data last updated:
Jiva Steels Private Limited is a private limited company based in Hyderabad, Telangana, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 14 May 2013.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U27100TG2013PTC087636. Its GSTIN is 36AADCJ0925H1ZR (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹37 Lakh. It is led by directors including Devansh Agarwal (Managing Director) and Vineeth Reddy Vakiti (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 35 – 330/B Beside Bsnl Officemain Road Shapur Nagar Ida Jeedimetla, Hyderabad, Telangana, India – 500055.
As per the financials filed for FY 2022, the company reported a revenue of ₹27.89 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.54 Lakh (net margin 0.1%) and EBITDA of ₹18.24 Lakh (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 4 cases are pending.
Company details
CIN history
Jiva Steels has one previous CIN (Corporate Identification Number): U27100AP2013PTC087636. The current CIN is U27100TG2013PTC087636, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100TG2013PTC087636 | Current |
| U27100AP2013PTC087636 | Previous |
Contact details
Jiva Steels Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address35 – 330/B Beside Bsnl Officemain Road Shapur Nagar Ida Jeedimetla, Hyderabad, Telangana, India – 500055
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Jiva Steels 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 Jiva Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Jiva Steels Private Limited, buy the company report.
Financials of Jiva Steels Private Limited
FY 2022 filings availableJiva Steels Private Limited reported revenue of ₹27.89 Cr (up 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 60% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹27.89 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.54 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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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 | 0.7% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Jiva Steels Private Limited, buy the company report.
Board of directors of Jiva Steels Private Limited
Jiva Steels has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineeth Reddy Vakiti Also directs: Vira Legal LLP | Irp/Rp/Liquidator | 02 Aug 2023 | 3 Years 3 Months | As last reported |
| Meena Agarwal | Director | 24 Aug 2017 | 9 Years 2 Months | As last reported |
| Devansh Agarwal Also directs: Taur Punjabi LLP, Immeuble Fabrication Private Limited | Managing Director | 14 May 2013 | 13 Years 5 Months | As last reported |
Peer comparison
Jiva Steels Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rudra Mercantile Private Limited | ₹28.22 Cr (FY 2025) | -19.0% | Mumbai, Maharashtra, India | |||
| Brainer Trade and Fin-Tech Private Limited | ₹28.18 Cr (FY 2016) | -66.0% | Mumbai, Maharashtra, India | |||
| Super Ispat Udyog Private Limited | ₹28.07 Cr (FY 2025) | 18.0% | Ludhiana, Punjab, India | |||
| Jiva Steels Private Limitedthis company | ₹27.89 Cr (FY 2022) | ₹2.54 Lakh | 0.1% | 6.0% | Hyderabad, Telangana, India | |
| Siddeshwari Steels Private Limited | ₹27.85 Cr (FY 2023) | 4.0% | Kolkata, West Bengal, India | |||
| Srinnova Ispat Private Limited | ₹27.8 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India | |||
| Khandelwal Projects Private Limited | ₹27.77 Cr (FY 2019) | 8.0% | Hooghly, West Bengal, India | |||
| Kripto Steel India Private Limited | ₹27.54 Cr (FY 2023) | 15131.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jiva Steels Private Limited, buy the company report.
Auditor
Jiva Steels Private Limited is audited by K PRAHLADA RAO & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K PRAHLADA RAO & CO | FY 2022 | 002717S |
Shareholding
The shareholding of Jiva Steels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jiva Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2017 | 100099996 | City Union Bank Limited | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Jiva Steels Private Limited has 9 court cases on record: 6 filed by Jiva Steels, 3 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 4 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against Agate Cranes and Hoist Pvt Ltd | Pending |
| District court, Medchal Malkajgiri, Telangana | Appeal | Filed against the company by Sai Enterprises | Disposed |
| District court, Medchal Malkajgiri, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Rangareddy, Telangana | Appeal | Filed against the company by Sai Enterprises and 1 other | Pending |
To see the full case history of Jiva Steels 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 Jiva Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jiva Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCJ0925H1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jiva Steels Private Limited, buy the company report.
Recent activity
Jiva Steels Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Vineeth Reddy Vakiti was appointed as Irp/Rp/Liquidator on 02 Aug 2023.
Frequently asked questions
Jiva Steels 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.
Jiva Steels is a company under insolvency, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 14 May 2013 and is registered under CIN U27100TG2013PTC087636. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jiva Steels has 3 current directors:
- Devansh Agarwal - Managing Director
- Meena Agarwal - Director
- Vineeth Reddy Vakiti - Irp/Rp/Liquidator
The latest financial statements of Jiva Steels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jiva Steels is U27100TG2013PTC087636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jiva Steels has open charges of ₹25 Lakh and no satisfied charges on record as per latest MCA filings.
Jiva Steels has 9 court cases on record: 6 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Jiva Steels was incorporated on 14 May 2013. It is registered with the Registrar of Companies, Hyderabad.
The peers of Jiva Steels by revenue are Rudra Mercantile Private Limited, Brainer Trade and Fin-Tech Private Limited, Super Ispat Udyog Private Limited, Siddeshwari Steels Private Limited, Srinnova Ispat Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Vineeth Reddy Vakiti was appointed as Irp/Rp/Liquidator on 02 Aug 2023. Meena Agarwal ceased to be Additional Director on 28 Sep 2018. Meena Agarwal was appointed as Director on 24 Aug 2017. Jiva Steels has 6 board changes on record in total.
The registered office of Jiva Steels is at 35 – 330B Beside Bsnl Officemain Road Shapur Nagar Ida Jeedimetla, Hyderabad, Telangana, India – 500055.
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