About Kundil Sponge Iron Limited
Data last updated:
Kundil Sponge Iron Limited is a public limited company based in Bicholim, Goa, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U27103GA2004PLC003548. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹9.97 Cr. It is led by directors including Ajay Choudhury and Minakshi Choudhury.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No. 9A – 306 Pimple Wada Amona, Bicholim, Goa, India – 403107.
As per MCA filings, the company has open charges of ₹65.7 Cr and satisfied charges of ₹45 Lakh on record. Court records list 14 cases involving the company, including 10 filed by the company and 2 filed against it.
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 kundilgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No. 9A – 306 Pimple Wada Amona, Bicholim, Goa, India – 403107
- 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
Financials of Kundil Sponge Iron Limited FY 2025 filings available
Financial Statement Summary of Kundil Sponge Iron Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Kundil Sponge Iron Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Kundil Sponge Iron 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.
Board of Directors of Kundil Sponge Iron Limited
Kundil Sponge Iron has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Choudhury Also directs: Mandovi Metals Private Limited, Kundil Rolling Mills Private Limited, Kundil Alloys Private Limited. and 3 more | Director | 08 May 2023 | 3 Years 5 Months | Current |
| Minakshi Choudhury Also directs: Kundil Rolling Mills Private Limited, Kundil Alloys Private Limited., Kundil Dhatu Limited and 2 more | Director | 08 May 2023 | 3 Years 5 Months | Current |
| Pulak Kalita Also directs: Mandovi Metals Private Limited, Kundil Rolling Mills Private Limited, Kundil Alloys Private Limited. and 4 more | Director | 25 Oct 2016 | 9 Years 11 Months | Current |
Auditor Details of Kundil Sponge Iron Limited
Kundil Sponge Iron Limited is audited by N. V KALEKAR & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. V KALEKAR & 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.
Ownership and Shareholding of Kundil Sponge Iron 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 Kundil Sponge Iron Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2011 | Indian Overseas Bank | ₹49.15 Lakh | Open |
| 28 Nov 2005 | Indian Overseas Bank | ₹8.8 Cr | Open |
| 27 Jan 2005 | Jm Financial Asset Reconstruction Company Private Limited | ₹56.41 Cr | Open |
| 08 Jul 2005 | Pyramid Finance Limited | ₹45 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Kundil Sponge Iron Limited
Kundil Sponge Iron Limited has 14 court cases on record: 10 filed by Kundil Sponge Iron, 2 filed against it, 2 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 0 |
| High courts | 6 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Board of Director of Reserve Bank of India | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Board of Directors of Reserve Bank of India | Disposed |
| Bombay High Court | Court case (NMW) | Filed by the company against State Bank of India and 14 Ors. and JM Financialasset Reconstruction Company Private Ltd | Disposed |
| District court, BELAGAVI, Karnataka | Court case (ECA) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Board of Directors of Reserve Bank of India 2. the Chief General Manager | Disposed |
Full case history
All 14 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 Kundil Sponge Iron Limited
Employment history and EPFO contributions of people linked to Kundil Sponge Iron.
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 Kundil Sponge Iron Limited
Kundil Sponge Iron Limited has 12 board changes on record since 2009: 3 appointments and 9 cessations. The latest: Ajay Choudhury ceased to be Additional Director on 29 Sep 2023.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kundil Sponge Iron 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 Kundil Sponge Iron 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 Kundil Sponge Iron 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 Kundil Sponge Iron Limited
Kundil Sponge Iron 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.
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 Kundil Sponge Iron 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 Kundil Sponge Iron Limited
Kundil Sponge Iron is an active public limited company based in Bicholim, Goa, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 July 2004 (22+ years old) and is registered under CIN U27103GA2004PLC003548.
Kundil Sponge Iron has 3 current directors:
- Ajay Choudhury - Director
- Minakshi Choudhury - Director
- Pulak Kalita - Director
No. Kundil Sponge Iron has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Kundil Sponge Iron is U27103GA2004PLC003548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kundil Sponge Iron has 14 court cases on record: 10 filed by the company and 2 filed against it. Most are in the district courts.
Kundil Sponge Iron was incorporated on 02 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Goa.
Ajay Choudhury ceased to be Additional Director on 29 Sep 2023. Minakshi Choudhury ceased to be Additional Director on 29 Sep 2023. Ajay Choudhury was appointed as Director on 08 May 2023. Kundil Sponge Iron has 12 board changes on record in total.
Kundil Sponge Iron can be reached through the website kundilgroup.com. Its registered office is in Bicholim, Goa, India.
The registered office of Kundil Sponge Iron is at Shop No. 9A – 306 Pimple Wada Amona, Bicholim, Goa, India – 403107.
Kundil Sponge Iron has an authorised share capital of ₹13 Cr and a paid-up capital of ₹9.97 Cr.