About Kurmitar Iron Ore Mining Limited
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Kurmitar Iron Ore Mining Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Enterprises Limited. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 18 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U14290GJ2019PLC110399. Its GSTIN is 21AAHCK8405D1ZY (Odisha).
The company has an authorised share capital of ₹111 Cr and a paid-up capital of ₹110.85 Cr. It is led by directors including Peush Shanker and Nisha Kapoor.
Its last annual general meeting (AGM) was held on 17 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹90.37 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹17.7 Cr (net margin -19.6%) and EBITDA of -₹2.1 Cr (EBITDA margin -2.3%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
The company has about 46 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹685.24 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 5 cases are pending.
For more details, the company can be reached via its website adani.com.
Company details
CIN history
Kurmitar Iron Ore Mining has one previous CIN (Corporate Identification Number): U14290GJ2019PTC110399. The current CIN is U14290GJ2019PLC110399, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U14290GJ2019PLC110399 | Current |
| U14290GJ2019PTC110399 | Previous |
Contact details
Kurmitar Iron Ore Mining Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Kurmitar Iron Ore Mining 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
Financials of Kurmitar Iron Ore Mining Limited
FY 2025 filings availableKurmitar Iron Ore Mining Limited reported revenue of ₹90.37 Cr (up 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over three years, including 14% growth in the latest year. EBITDA rose 92% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹2.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.7 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.3% | ||||
| Net Profit Margin | -19.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kurmitar Iron Ore Mining Limited, buy the company report.
Board of directors of Kurmitar Iron Ore Mining Limited
Kurmitar Iron Ore Mining has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peush Shanker Also directs: Bailadila Iron Ore Mining Limited | Director | 29 Jul 2023 | 3 Years 3 Months | Current |
| Nisha Kapoor Also directs: Amity Consultants LLP, Yan Advisory Services LLP, Adani Welspun Exploration Limited and 5 more | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
| Manoj Kumar Shahi Also directs: Rajasthan Collieries Limited, Parsa Kente Collieries Limited, Bailadila Iron Ore Mining Limited and 2 more | Additional Director | 19 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Kurmitar Iron Ore Mining Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (mining support services activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kurmitar Iron Ore Mining Limitedthis company | ₹90.37 Cr (FY 2026) | -₹17.7 Cr | -19.6% | 14.0% | 46 | Ahmedabad, Gujarat, India |
| Sri Venkatesh Granites Private Limited | ₹82.97 Cr (FY 2024) | -4.0% | Karimnagar, Telangana, India | |||
| Pearl Mineral and Mines Private Limited | ₹82.35 Cr (FY 2024) | 2.0% | Secunderabad, Telangana, India | |||
| Om Shri Vari Stones Limited | ₹80.7 Cr (FY 2025) | 21.0% | Pudukkottai, Tamil Nadu, India | |||
| G D Mining Private Limited | ₹78.47 Cr (FY 2024) | 453.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Kurmitar Iron Ore Mining Limited, buy the company report.
Auditor
Kurmitar Iron Ore Mining Limited is audited by Dharmesh Parikh & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharmesh Parikh & Co LLP | FY 2023 | 112054W/W100725 |
Shareholding
The shareholding of Kurmitar Iron Ore Mining Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Kurmitar Iron Ore Mining Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2024 | 100935413 | Idbi Trusteeship Services Limited | ₹685.24 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Kurmitar Iron Ore Mining Limited has 5 court cases on record: 4 filed by Kurmitar Iron Ore Mining, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 3 |
| High courts | 2 | 1 | 2 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Commercial suit | Filed by the company against Odisha Minging Corporation | Pending |
| High Court of Orissa | Interim or miscellaneous application | Filed by the company against M/S. Odisha Mining Corporation, BBSR | Pending |
| High Court of Orissa | Interim or miscellaneous application | Filed against the company by Odisha Mining Corporation, Bhubaneswar | Pending |
| District court, Khurda, Odisha | Commercial suit | Filed by the company against Odisha Mining Corporation | Pending |
To see the full case history of Kurmitar Iron Ore Mining 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.
Credit ratings & regulatory alerts
Kurmitar Iron Ore Mining Limited was last rated by Care on 07 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2023 |
To see the full credit ratings and regulatory alerts of Kurmitar Iron Ore Mining Limited, buy the company report.
MSME payment delays
Kurmitar Iron Ore Mining Limited has 6 MSME Form 1 returns on record between 2020 and 2021, listing 56 overdue payments to 29 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Plant Engineering and Geomatic Services Private Limited | |||
| Atlas Transformers India Limited | |||
| United Electricals | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Kurmitar Iron Ore Mining Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kurmitar Iron Ore Mining Limited has a workforce of 46 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Kurmitar Iron Ore Mining has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAHCK8405D1ZY | Odisha | Active | 08 Nov 2019 |
To see the full GST registrations and return filing status of Kurmitar Iron Ore Mining Limited, buy the company report.
Recent activity
Kurmitar Iron Ore Mining Limited has 14 board changes on record since 2020: 3 appointments and 11 cessations. The latest: Manoj Kumar Shahi was appointed as Additional Director on 19 Jul 2025.
6 earlier events are in the company report.
Frequently asked questions
Kurmitar Iron Ore Mining is an active public limited company based in Ahmedabad, Gujarat, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 18 October 2019 (7+ years old) and is registered under CIN U14290GJ2019PLC110399.
Kurmitar Iron Ore Mining has 3 current directors:
- Peush Shanker - Director
- Nisha Kapoor - Director
- Manoj Kumar Shahi - Additional Director
The latest financial statements of Kurmitar Iron Ore Mining on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 June 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Kurmitar Iron Ore Mining is 21AAHCK8405D1ZY, registered in Odisha.
The CIN (Corporate Identification Number) of Kurmitar Iron Ore Mining is U14290GJ2019PLC110399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kurmitar Iron Ore Mining has 5 court cases on record: 4 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Kurmitar Iron Ore Mining was incorporated on 18 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Kurmitar Iron Ore Mining by revenue are Sri Venkatesh Granites Private Limited, Pearl Mineral and Mines Private Limited, Om Shri Vari Stones Limited, G D Mining Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (mining support services activities).
Manoj Kumar Shahi was appointed as Additional Director on 19 Jul 2025. Nisha Kapoor ceased to be Additional Director on 16 Jun 2025. Nisha Kapoor was appointed as Director on 29 Jul 2024. Kurmitar Iron Ore Mining has 14 board changes on record in total.
Kurmitar Iron Ore Mining has 6 MSME Form 1 returns on record between 2020 and 2021, listing 56 overdue payments to 29 micro and small suppliers. The latest return was filed on 29 Oct 2021.
Kurmitar Iron Ore Mining can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Kurmitar Iron Ore Mining is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.