Karni Steels Private Limited
About Karni Steels Private Limited
Data last updated:
Karni Steels Private Limited is a private limited company based in Raipur, Chhattisgarh, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U27106CT2006PTC020084. Its GSTIN is 22AACCK9283G1ZH (Chhattisgarh).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹10.8 Lakh. It is led by directors Ummed Baid Kumar and Akash Baid.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 618 Urla Industrial Area Urla, Raipur, Chhattisgarh, India – 493221.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.12 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹3.13 Lakh (net margin 0.2%) and EBITDA of ₹20.56 Lakh (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹6.68 Cr and satisfied charges of ₹3.2 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No 618 Urla Industrial Area Urla, Raipur, Chhattisgarh, India – 493221
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Karni Steels Private Limited
The main business activity of Karni Steels is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Karni Steels Private Limited FY 2025 filings available
Karni Steels Private Limited reported revenue of ₹16.12 Cr (down 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Karni Steels Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 37% fall in the latest year. 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 of Karni Steels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹20.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.13 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 of Karni Steels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Karni Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Karni Steels Private Limited
Karni Steels Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eastcoast Steel Ltd Listed | ₹16.19 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Puducherry, India |
| Lala Steel Private Limited | ₹16.18 Cr (FY 2017) | •••• | •••• | 0.0% | •••• | Asansol, West Bengal, India |
| Moonrock Ferromets India (OPC) Private Limited | ₹16.16 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Omega Scientific Instruments Private Limited | ₹16.15 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Shashi Metals Private Limited | ₹16.15 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Delhi, India |
| Karni Steels Private Limited this company | ₹16.12 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Raipur, Chhattisgarh, India |
| Sodani Steel & Strips Private Limited | ₹16.11 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Dehgam, Gujarat, India |
| Red Earth Steels Private Limited | ₹16.11 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Divy Rollform Limited | ₹16.11 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kheda, Gujarat, India |
| Metalarc Steel Private Limited | ₹16.1 Cr (FY 2025) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| KDBR Steel Private Limited | ₹16.1 Cr (FY 2024) | •••• | •••• | 81.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Karni Steels by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Karni Steels Private Limited
Karni Steels Private Limited is audited by JAIN M PRASAD & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN M PRASAD & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Karni Steels Private Limited
Karni Steels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ummed Baid Kumar | Director | 18 Sep 2006 | 20 Years 0 Months | Current |
| Akash Baid | Director | 11 Feb 2008 | 18 Years 8 Months | Current |
Ownership and Shareholding of Karni Steels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Karni Steels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Apr 2018 | Hdfc Bank Limited | ₹60 Lakh | Open |
| 16 Apr 2018 | Hdfc Bank Limited | ₹3.36 Cr | Open |
| 19 Jan 2018 | Hdfc Bank Limited | ₹2.61 Cr | Open |
| 20 May 2015 | Bank of India | ₹11 Lakh | Open |
| 30 Mar 2015 | Bank of India | ₹2.25 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Karni Steels Private Limited
Karni Steels Private Limited has 2 court cases on record: 2 filed by Karni Steels. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Chhattisgarh | Court case (WPT) | Filed by the company against Principal Commissioner of Income Tax Raipur 2 | Disposed |
| High Court of Chhattisgarh | Writ petition | Filed by the company against Chhattisgarh Environment Conservation Board | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Karni Steels Private Limited
Employment history and EPFO contributions of people linked to Karni Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Karni Steels Private Limited
Karni Steels Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Tarun Pugalia ceased to be Director on 15 Mar 2008.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Karni Steels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Karni Steels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Karni Steels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Karni Steels Private Limited
Karni Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AACCK9283G1ZH | Chhattisgarh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Karni Steels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Karni Steels Private Limited
Karni Steels is an active private limited company based in Raipur, Chhattisgarh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 September 2006 (20+ years old) and is registered under CIN U27106CT2006PTC020084.
Karni Steels reported revenue of ₹16.12 Cr for FY 2024 (down 37% YoY).
Karni Steels has 2 current directors:
- Ummed Baid Kumar - Director
- Akash Baid - Director
Karni Steels reported a net profit of ₹3.13 Lakh (net margin 0.2%) and EBITDA of ₹20.56 Lakh (EBITDA margin 1.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Karni Steels is -7% over three years and -4% over five years. In the latest year (FY 2024) revenue fell 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Karni Steels is 22AACCK9283G1ZH, registered in Chhattisgarh.
The CIN (Corporate Identification Number) of Karni Steels is U27106CT2006PTC020084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karni Steels has 2 court cases on record: 2 filed by the company.
Karni Steels was incorporated on 18 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
The peers of Karni Steels by revenue are Eastcoast Steel Ltd, Lala Steel Private Limited, Moonrock Ferromets India (OPC) Private Limited, Omega Scientific Instruments Private Limited, Shashi Metals Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Tarun Pugalia ceased to be Director on 15 Mar 2008. Akash Baid was appointed as Director on 11 Feb 2008. Ummed Baid Kumar was appointed as Director on 18 Sep 2006.