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 132 cases involving the company, including 93 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 of Maasheetla Ventures Limited
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 of Maasheetla Ventures Limited
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 of Maasheetla Ventures Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 572A Maa Sheetla Tower Adjacent To Volkswagaon Showroom Rampur, Road, Haldwani, Uttarakhand, India – 263139
- IndustryMetals and Minerals, Steel Manufacturing & Processing
Comprehensive company report
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Associated Brands with Maasheetla Ventures Limited
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 available
Maasheetla 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) of Maasheetla Ventures Limited
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 of Maasheetla Ventures Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Maasheetla Ventures Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| 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 Maasheetla Ventures are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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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 of Maasheetla Ventures Limited
Maasheetla Ventures 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 |
|---|---|---|---|---|---|---|
| Maasheetla Ventures Limited this company | ₹204.49 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Haldwani, Uttarakhand, India |
| Ishwar Ispat Industries Private Limited | ₹172.96 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Raipur, Chhattisgarh, India |
| Agarwal Steel Strip Manufacturer Private Limited | ₹172.91 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Agarwal Steel Private Limited | ₹172.75 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Gujarat Imex Labs Private Limited | ₹172.59 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, 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 |
Peers are the five companies nearest above and the five nearest below Maasheetla Ventures 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 Maasheetla Ventures Limited
Maasheetla Ventures Limited is audited by AHMAD JAMAL & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AHMAD JAMAL & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Maasheetla Ventures Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Maasheetla Ventures Limited
Open charges
₹474.95 Cr
Satisfied charges
₹85.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jun 2025 | Indian Overseas Bank | ₹3.7 Cr | Open |
| 13 Nov 2024 | State Bank of India | ₹99.5 Cr | Open |
| 30 Dec 2023 | Others | ₹25 Cr | Open |
| 30 Jul 2023 | Indian Bank | ₹93 Cr | Open |
| 27 Mar 2023 | Indian Bank | ₹22.4 Cr | Open |
Total charge records: 14 View all charges
Legal Cases of Maasheetla Ventures Limited
Maasheetla Ventures Limited has 132 court cases on record: 93 filed by Maasheetla Ventures, 39 filed against it. 35 cases are pending and 97 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Total cases
132
Filed by the company
93
Filed against the company
39
Pending
35
Disposed
97
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 90 | 9 | 27 |
| District courts | 37 | 26 | 7 |
| Supreme Court | 5 | 4 | 1 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Indian Renewable Energy Development Agency Limited | 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 | Pending |
| High Court of Uttarakhand | Court case (WPMS) | Filed by the company against Uttarakhand Power Corporation Limited | Pending |
| High Court of Uttarakhand | Court case (WPMB) | Filed by the company against Reserve Bank Innovation Hub | Pending |
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Full case history
All 132 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Maasheetla Ventures Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Maasheetla Ventures Limited
Employment history and EPFO contributions of people linked to Maasheetla Ventures.
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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 Maasheetla Ventures Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maasheetla Ventures Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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Subsidiaries & Group Companies of Maasheetla Ventures Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Maasheetla Ventures Limited
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 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Maasheetla Ventures Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Maasheetla Ventures Limited
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 reported revenue of ₹204.49 Cr for FY 2024 (up 10% YoY).
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
Maasheetla Ventures reported a net profit of ₹6 Cr (net margin 2.9%) and EBITDA of ₹16.67 Cr (EBITDA margin 8.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maasheetla Ventures is 4% over three years and 3% over five years. In the latest year (FY 2024) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
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 132 court cases on record: 93 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, Agarwal Steel Strip Manufacturer Private Limited, Agarwal Steel Private Limited, Gujarat Imex Labs Private Limited, N.H. Steels Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
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).