About Karma Industries Limited
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Karma Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 30 August 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51900MH1977PLC019837. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹33.25 Cr and a paid-up capital of ₹33 Cr. It was formerly known as Karma Ispat Limited and Laxmankumar Birla Trading Private Limited. It is led by directors including Rajesh Gunvatrai Mehta (Managing Director) and Shridhar Baliram Jadhav.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.24 Cr. For the same year it recorded a net profit of ₹81.85 Lakh (net margin 66.1%) and EBITDA of ₹1.24 Cr (EBITDA margin 99.7%). Revenue has grown at a compounded annual rate (CAGR) of 254% over three years.
The company is associated with 1 brand: Karma Industries. As per MCA filings, the company has open charges of ₹70.5 Cr and satisfied charges of ₹24.79 Cr on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it; 1 case is pending. The company has 66 deals on record (65 market trades, 1 acquisition); the latest was in February 2015. Its 10 peer companies in the Metals and Minerals industry (Metal Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is L K Earth Developers Private Limited with revenue of ₹1.26 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website karmaindustriesltd.com.
Company details
Name history
Karma Industries has undergone 3 name changes throughout its history. The company was previously known as Karma Ispat Limited, Laxmankumar Birla Trading Private Limited, and Scana Color India Limited. The current legal name is Karma Industries Limited.
| Company Name | Status |
|---|---|
| Karma Industries Limited | Current |
| Karma Ispat Limited | Previous |
| Laxmankumar Birla Trading Private Limited | Previous |
| Scana Color India Limited | Previous |
CIN history
Karma Industries has one previous CIN (Corporate Identification Number): U51900MH1977PLC019837. The current CIN is L51900MH1977PLC019837, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51900MH1977PLC019837 | Current |
| U51900MH1977PLC019837 | Previous |
Contact details
Karma Industries Limited's registered office is in Mumbai, Maharashtra. Its website is karmaindustriesltd.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressRaj Arcade H Wing 1st Floor Off. No.131 Mahavir Nagar Opp. Kamla Vihar Sports Club Kan, Divali (W), Mumbai, Maharashtra, India – 400067
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Karma Industries 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
Karma Industries operates one associated brand: Karma Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blog focused on history of iron and steel related topics | karmaindustriesltd.com |
Financials of Karma Industries Limited
FY 2019 filings availableKarma Industries Limited reported revenue of ₹1.24 Cr for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 254% over three years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.24 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.24 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹81.85 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 99.7% | |||
| Net Profit Margin | 66.1% | |||
| 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 Karma Industries Limited, buy the company report.
Board of directors of Karma Industries Limited
Karma Industries 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 |
|---|---|---|---|---|
| Shridhar Baliram Jadhav Also directs: Maharashtra Laminates Limited, Ram Timber and Plywood Manufacturing Co Ltd, Ramply (India) Limited and 5 more | Director | 05 Feb 2013 | 13 Years 8 Months | Current |
| Rajesh Gunvatrai Mehta | Managing Director | 13 Sep 2007 | 19 Years 1 Months | Current |
| Chandrakant Bhailal Chitalia | Additional Director | 15 Apr 2020 | 6 Years 6 Months | Current |
Peer comparison
Karma Industries Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| L K Earth Developers Private Limited | ₹1.26 Cr (FY 2025) | 402.0% | Mumbai, Maharashtra, India | |||
| Saqi Metal and Chemicals Private Limited | ₹1.26 Cr (FY 2025) | 13.0% | Punjab, India | |||
| Divinus Steel India Private Limited | ₹1.25 Cr (FY 2024) | 1216.0% | Village Gazipur, Delhi, India | |||
| Dinesh Metals Private Limited | ₹1.24 Cr (FY 2025) | 1.0% | Delhi, India | |||
| Vici Exim Private Limited | ₹1.24 Cr (FY 2024) | -90.0% | Mumbai, Maharashtra, India | |||
| Karma Industries Limitedthis company | ₹1.24 Cr (FY 2018) | ₹81.85 Lakh | 66.1% | Mumbai, Maharashtra, India | ||
| City Cat Overseas Chemicals Limited | ₹1.24 Cr (FY 2025) | 1.0% | Fort Mumbai, Maharashtra, India | |||
| M J R Steels Pvt Ltd | ₹1.23 Cr (FY 2025) | -19.0% | Kolkata, West Bengal, India | |||
| K.S. Steel & Alloys Pvt. Ltd. | ₹1.23 Cr (FY 2023) | 252.0% | Kolkata, West Bengal, India | |||
| S R Date and Associates Pvt.Ltd. | ₹1.23 Cr (FY 2024) | -73.0% | Mumbai, Maharashtra, India | |||
| Seanora India Private Limited | ₹1.22 Cr (FY 2023) | 143.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Karma Industries Limited, buy the company report.
Shareholding
The shareholding of Karma Industries Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Karma Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2012 | 10330087 | Others | ₹20 Cr | Open | |
| 26 Sep 2011 | 10318729 | State Bank of India | ₹35 Cr | Open | |
| 03 May 2010 | 10220489 | Union Bank of India | ₹15.5 Cr | Open | |
| 08 Apr 2011 | 10279821 | Union Bank of India | ₹5 Cr | Satisfied | |
| 13 Jun 2009 | 10164147 | Union Bank of India | ₹18 Cr | Satisfied |
To see the full charge records of Karma Industries Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Karma Industries Limited has 66 deals on record (65 market trades, 1 acquisition); the latest was in February 2015.
Deals on record (5 of 66)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Market trade | ₹3.2 Lakh | Buyer: Decent Financial Services Private Limited , Decent Fin Ser (P) Ltd Seller: Arihant Advertising Private Limited , Arihant Advertising Private Limited |
| Mar 2014 | Market trade | ₹2.6 Lakh | Buyer: Shrim Investment Solutions Private Limited |
| Nov 2013 | Market trade | ₹1.8 Lakh | Seller: Value Plus Shares N Securities Private Limited |
| Nov 2013 | Market trade | ₹6.8 Lakh | Buyer: Prefer Abasan Privete Limited, Value Plus Shares N Securities Private Limited Seller: 2 individuals |
| Aug 2013 | Market trade | ₹3.3 Lakh | Buyer: an individual Seller: Ifci Factors Limited |
To see the full deal history of Karma Industries 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
Karma Industries Limited has 11 court cases on record: 2 filed by Karma Industries, 9 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Ifci Factors Ltd. | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Porus Equipments Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Registrar of Companies | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Deputy Commissioner of Income Tax, Circle 4( and 3 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle 4( and 3 others | Disposed |
To see the full case history of Karma Industries 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 Karma Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karma Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karma Industries Limited, buy the company report.
Recent activity
Karma Industries Limited has 29 board changes on record since 1981: 16 appointments and 13 cessations. The latest: Chandrakant Bhailal Chitalia was appointed as Additional Director on 15 Apr 2020.
63 earlier events are in the company report.
Frequently asked questions
Karma Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 30 August 1977 (49+ years old) and is registered under CIN L51900MH1977PLC019837.
Karma Industries has 3 current directors:
- Rajesh Gunvatrai Mehta - Managing Director
- Shridhar Baliram Jadhav - Director
- Chandrakant Bhailal Chitalia - Additional Director
The latest financial statements of Karma Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Karma Industries has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karma Industries is L51900MH1977PLC019837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karma Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Karma Industries has 11 court cases on record: 2 filed by the company and 9 filed against it. 1 is pending. Most are in the district courts.
Karma Industries was incorporated on 30 August 1977, making it 49+ years old. It is registered with the Registrar of Companies, Mumbai.
Karma Industries has 66 deals on record (65 market trades, 1 acquisition); the latest was in February 2015.
The peers of Karma Industries by revenue are L K Earth Developers Private Limited, Saqi Metal and Chemicals Private Limited, Divinus Steel India Private Limited, Dinesh Metals Private Limited, Vici Exim Private Limited and 5 more, all in the Metals and Minerals industry (Metal Retail and Distribution).
Chandrakant Bhailal Chitalia was appointed as Additional Director on 15 Apr 2020. Nisha Harshad Thorve ceased to be Additional Director on 15 Apr 2020. Pandurang Ramchandra Nawghane ceased to be Director on 10 Jun 2019. Karma Industries has 29 board changes on record in total.