MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UK-12-0001518
Maasheetla Ventures Limited - metals and minerals in Haldwani, Uttarakhand, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹204.49 Cr
▲ 10% YoY
Net profit · FY 2024
₹6 Cr
Net margin 2.9%
EBITDA · FY 2024
₹16.67 Cr
EBITDA margin 8.2%
Authorised capital
₹44 Cr
Registered with MCA
Paid-up capital
₹32.36 Cr
Issued & subscribed
Open charges
₹474.95 Cr
Satisfied ₹85.2 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
14
Provident fund records
About Maasheetla Ventures Limited
Data last updated:
Maasheetla Ventures Limited is a public limited company based in Haldwani, Uttarakhand, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 21 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U10612UR2003PLC028002. Its GSTIN is 05AACCB5752D1Z2 (Uttarakhand). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹44 Cr and a paid-up capital of ₹32.36 Cr. It was formerly known as Btc Industries Limited and Btc Industries Private Limited. It is led by directors including Navneet Agarwal (Managing Director) and Tushar Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Haldwani, Uttarakhand.
As per the financials filed for FY 2024, the company reported a revenue of ₹204.49 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹6 Cr (net margin 2.9%) and EBITDA of ₹16.67 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mittal Thermax TMT. As per MCA filings, the company has open charges of ₹474.95 Cr and satisfied charges of ₹85.2 Cr on record. Court records list 129 cases involving the company, including 90 filed by the company and 39 filed against it; 35 cases are pending.
Maasheetla Ventures Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UK-12-0001518). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website btcil.com.
Company details
CIN U10612UR2003PLC028002
Registration Number 028002
Incorporation Date 21 October 2003
ROC Uttarakhand
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UK-12-0001518
Name history
Maasheetla Ventures has undergone 2 name changes throughout its history. The company was previously known as Btc Industries Limited, and Btc Industries Private Limited. The current legal name is Maasheetla Ventures Limited.
| Company Name | Status |
|---|---|
| Maasheetla Ventures Limited | Current |
| Btc Industries Limited | Previous |
| Btc Industries Private Limited | Previous |
CIN history
Maasheetla Ventures has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U10612UR2003PLC028002, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10612UR2003PLC028002 | Current |
| U15100UR2003PLC028002 | Previous |
| U27104UR2003PTC028002 | Previous |
| U51100UR2003PLC028002 | Previous |
| U27104UR2003PLC028002 | Previous |
Key People
Navneet Agarwal Managing Director Tushar Agarwal Whole-Time Director Yasoda Nandan Agarwal Director Recognitions & Rankings of Maasheetla Ventures
Contact details
Maasheetla Ventures Limited's registered office is in Haldwani, Uttarakhand. Its website is btcil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 572A Maa Sheetla Tower Adjacent To Volkswagaon Showroom Rampur, Road, Haldwani, Uttarakhand, India – 263139
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Maasheetla Ventures Limited, buy the company report.
Comprehensive company report
Maasheetla Ventures Limited - one report that includes everything
- 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
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Brands
Maasheetla Ventures operates one associated brand: Mittal Thermax TMT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of TMT bars and steel products in Uttarakhand, India. | btcil.com |
Financials of Maasheetla Ventures Limited
FY 2025 filings availableMaasheetla Ventures Limited reported revenue of ₹204.49 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹204.49 Cr ▲ 10%
Net profit · FY 2024
₹6 Cr margin 2.9%
EBITDA · FY 2024
₹16.67 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 4%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 9%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 10% growth in the latest year. EBITDA fell 1% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹204.49 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Maasheetla Ventures Limited, buy the company report.
Board of directors of Maasheetla Ventures Limited
Maasheetla Ventures has 8 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yasoda Nandan Agarwal Also directs: Vardhan Bros Services LLP, Maasheetla Industries Private Limited, Maa Sheetla Udyog Private Limited and 2 more | Director | 06 Feb 2023 | 3 Years 8 Months | Current |
| Ishan Baveja | Director | 16 Dec 2021 | 4 Years 10 Months | Current |
| Shikha Agarwal Also directs: Vardhan Bros Services LLP, Samriddhi Glitters Private Limited | Director | 20 Mar 2021 | 5 Years 7 Months | Current |
| Navneet Agarwal Also directs: BTC Grains LLP, Vardhan Bros Services LLP, Maasheetla Industries Private Limited and 4 more | Managing Director | 21 Oct 2003 | 23 Years 0 Months | Current |
| Tushar Agarwal Also directs: BTC Grains LLP, Vardhan Bros Services LLP, Maa Sheetla Infracrusher Private Limited and 1 more | Whole-Time Director | 21 Oct 2003 | 23 Years 0 Months | Current |
| Sakshi Agarwal Also directs: Vardhan Bros Services LLP | Director | 20 Mar 2021 | 5 Years 7 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Maasheetla Ventures Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maasheetla Ventures Limitedthis company | ₹204.49 Cr (FY 2024) | ₹6 Cr | 2.9% | 10.0% | Haldwani, Uttarakhand, India | |
| Ishwar Ispat Industries Private Limited | ₹172.96 Cr (FY 2025) | -25.0% | Raipur, Chhattisgarh, India | |||
| N.H. Steels Private Limited | ₹172.34 Cr (FY 2025) | -24.0% | Ghaziabad, Uttar Pradesh, India | |||
| B.S.Shakti Steel Private Limited | ₹172.24 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Vivan Steels and Alloys Private Limited | ₹172.07 Cr (FY 2025) | -3.0% | Gujarat, India | |||
| New Steel Trading Private Limited | ₹171.87 Cr (FY 2023) | 9.0% | Mumbai, Maharashtra, India | |||
| Asp Arvind Steel Private Limited | ₹171.72 Cr (FY 2025) | -11.0% | Ahmedabad, Gujarat, India | |||
| Sunrise Multi Steel Private Limited | ₹171.4 Cr (FY 2025) | -20.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Maasheetla Ventures Limited, buy the company report.
Auditor
Maasheetla Ventures Limited is audited by AHMAD JAMAL & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AHMAD JAMAL & CO | FY 2024 | 0028110C |
Shareholding
The shareholding of Maasheetla Ventures Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Maasheetla Ventures Limited, buy the company report.
Charges & borrowings
Open charges
₹474.95 Cr
Satisfied charges
₹85.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2025 | 101115497 | Indian Overseas Bank | ₹3.7 Cr | Open | |
| 13 Nov 2024 | 101006166 | State Bank of India | ₹99.5 Cr | Open | |
| 30 Dec 2023 | 100860836 | Others | ₹25 Cr | Open | |
| 30 Jul 2023 | 100761830 | Indian Bank | ₹93 Cr | Open | |
| 27 Mar 2023 | 100692169 | Indian Bank | ₹22.4 Cr | Open |
To see the full charge records of Maasheetla Ventures Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Maasheetla Ventures Limited has 129 court cases on record: 90 filed by Maasheetla Ventures, 39 filed against it. 35 cases are pending and 94 are disposed.
Total cases
129
Filed by the company
90
Filed against the company
39
Pending
35
Disposed
94
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 87 | 9 | 27 |
| District courts | 37 | 26 | 7 |
| Supreme Court | 5 | 4 | 1 |
Cases on record (5 of 129)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Indian Renewable Energy Development Agency Limited & Anr. | Pending |
| High Court of Andhra Pradesh | Appeal | Filed by the company against Itc Limited | Pending |
| District court, Krishna, Andhra Pradesh | Court case (COS) | Filed by the company against Itc Limited Rep by Its Authorised Representative | Pending |
| High Court of Uttarakhand | Court case (WPMB) | Filed by the company against Reserve Bank of India | Pending |
| High Court of Uttarakhand | Court case (WPMS) | Filed by the company against Uttarakhand Power Corporation Limited Upcl | Pending |
To see the full case history of Maasheetla Ventures 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
Maasheetla Ventures Limited was last rated by Crisil on 05 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Dec 2019 |
To see the full credit ratings and regulatory alerts of Maasheetla Ventures Limited, buy the company report.
MSME payment delays
Maasheetla Ventures Limited has 5 MSME Form 1 returns on record between 2020 and 2022, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maa Sheetla Autowheels Private Limited |
To see the full MSME payment records of Maasheetla Ventures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Maasheetla Ventures has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AACCB5752D1Z2 | Uttarakhand | Active | 01 Jul 2017 |
| 09AACCB5752D1ZU | Uttar Pradesh | Active | 01 May 2022 |
To see the full GST registrations and return filing status of Maasheetla Ventures Limited, buy the company report.
Recent activity
Maasheetla Ventures Limited has 22 board changes on record since 2003: 8 appointments and 14 cessations. The latest: Anuradha Singh ceased to be Additional Director on 29 Sep 2024.
AGM
Maasheetla Ventures Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Indian Overseas Bank amounted to Rs. 3.70 Cr with Charge ID 101115497 was registered on 04 Jun 2025.
Filing
Maasheetla Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttarakhand.
Charges
A charge with State Bank Of India amounted to Rs. 99.50 Cr with Charge ID 101006166 was registered on 13 Nov 2024.
Ceased
Anuradha Singh ceased to be Additional Director.
Appointed
Bhanu Pratap Singh was appointed as Additional Director.
Ceased
Maneesh Pandey ceased to be Director.
Charges
A charge with Others of Rs. 210.00 Cr registered on 28 Feb 2023 with Charge ID 100687863 was modified on 23 Feb 2024.
Appointed
Anuradha Singh was appointed as Director.
Charges
A charge registered on 04 Dec 2008 via Charge ID 10136480 with State Bank Of India was fully satisfied on 06 Jan 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100860836 was registered on 30 Dec 2023.
Charges
A charge with Indian Bank amounted to Rs. 93.00 Cr with Charge ID 100761830 was registered on 30 Jul 2023.
38 earlier events are in the company report.
Frequently asked questions
Maasheetla Ventures is an active public limited company based in Haldwani, Uttarakhand, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 21 October 2003 (23+ years old) and is registered under CIN U10612UR2003PLC028002.
Maasheetla Ventures has 8 current directors:
- Navneet Agarwal - Managing Director
- Tushar Agarwal - Whole-Time Director
- Yasoda Nandan Agarwal - Director
- Ishan Baveja - Director
- Shikha Agarwal - Director
- Sakshi Agarwal - Director
- Anuradha Singh - Director
- Bhanu Pratap Singh - Additional Director
The latest financial statements of Maasheetla Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maasheetla Ventures is 05AACCB5752D1Z2, registered in Uttarakhand. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCB5752D1ZU (Uttar Pradesh).
The CIN (Corporate Identification Number) of Maasheetla Ventures is U10612UR2003PLC028002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maasheetla Ventures has 129 court cases on record: 90 filed by the company and 39 filed against it. 35 are pending. Most are in the high courts.
Maasheetla Ventures was incorporated on 21 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Uttarakhand.
The peers of Maasheetla Ventures by revenue are Ishwar Ispat Industries Private Limited, N.H. Steels Private Limited, B.S.Shakti Steel Private Limited, Vivan Steels and Alloys Private Limited, New Steel Trading Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Anuradha Singh ceased to be Additional Director on 29 Sep 2024. Bhanu Pratap Singh was appointed as Additional Director on 06 Sep 2024. Maneesh Pandey ceased to be Director on 10 Aug 2024. Maasheetla Ventures has 22 board changes on record in total.
Yes, Maasheetla Ventures is registered as a medium enterprise under Udyam registration (number: UDYAM-UK-12-0001518).
Maasheetla Ventures has 5 MSME Form 1 returns on record between 2020 and 2022, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Apr 2022.
Maasheetla Ventures can be reached through the website btcil.com. Its registered office is in Haldwani, Uttarakhand, India.