About Madhav KRG Limited
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Madhav KRG Limited is a public limited company based in Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27104DL2003PLC365691. Its GSTIN is 03AADCM6458N1Z4 (Punjab). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.94 Cr. It was formerly known as Madhav Alloys Limited and Madhav Alloys Private Limited. It is led by directors including Sudhir Goyal (Managing Director) and Sanjeev Kumar (Whole-Time Director).
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 Unit No 1003 10th Floor Aggarwal Millenium Tower – 1 Netaji Subhash Palace Pitampur, A, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,405.12 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹69.7 Cr (net margin -2.9%) and EBITDA of ₹68.7 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 19% over five years.
The company has about 934 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹918.12 Cr and satisfied charges of ₹390.7 Cr on record. Court records list 42 cases involving the company, including 33 filed by the company and 9 filed against it; 9 cases are pending. The company has 21 deals on record (13 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹40.14 Cr; the latest was in March 2018. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is S R J Peety Steels Private Limited with revenue of ₹2,510.69 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 46 overdue payments to 27 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhavkrggroup.com.
Company details
Name history
Madhav KRG has undergone 2 name changes throughout its history. The company was previously known as Madhav Alloys Limited, and Madhav Alloys Private Limited. The current legal name is Madhav Krg Limited.
| Company Name | Status |
|---|---|
| Madhav KRG Limited | Current |
| Madhav Alloys Limited | Previous |
| Madhav Alloys Private Limited | Previous |
CIN history
Madhav KRG has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27104DL2003PLC365691, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27104DL2003PLC365691 | Current |
| U27104PB2003PLC026123 | Previous |
| U27104PB2003PTC026123 | Previous |
Contact details
Madhav KRG Limited's registered office is in Delhi, Delhi. Its website is madhavkrggroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No 1003 10th Floor Aggarwal Millenium Tower – 1 Netaji Subhash Palace Pitampur, A, Delhi, India – 110034
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Madhav KRG 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
Business activity
The main business activity of Madhav KRG is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Madhav KRG Limited, buy the company report.
Financials of Madhav KRG Limited
FY 2025 filings availableMadhav KRG Limited reported revenue of ₹2,405.12 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 19% growth in the latest year. EBITDA fell 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹68.7 Cr | ||||
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| Net Profit (PAT) | -₹69.7 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | -2.9% | ||||
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To see the full financial statements and ratios of Madhav KRG Limited, buy the company report.
Board of directors of Madhav KRG Limited
Madhav KRG has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Goyal | Managing Director | 17 May 2010 | 16 Years 5 Months | Current |
| Sunny Kakkar Also directs: Maxim Legalfin Solutions Private Limited | Director | 05 May 2025 | 1 Years 5 Months | Current |
| Ashok Sharma Also directs: Madhav KRG HRC Private Limited, Bee Enn Super Private Limited | Director | 07 Sep 2019 | 7 Years 1 Months | Current |
| Sanjeev Kumar | Whole-Time Director | 17 May 2010 | 16 Years 5 Months | Current |
| Renu Mehta | Director | 20 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Madhav KRG Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| S R J Peety Steels Private Limited | ₹2,510.69 Cr (FY 2025) | 10.0% | Jalna, Maharashtra, India | |||
| Shri Jagannath Steels & Power Limited | ₹2,465.8 Cr (FY 2025) | 33.0% | Barbil, Odisha, India | |||
| SRMB Srijan Private Limited | ₹2,457.01 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Madhav KRG Limitedthis company | ₹2,405.12 Cr (FY 2025) | -₹69.7 Cr | -2.9% | 19.0% | 934 | Delhi, India |
| Uttam Strips Limited | ₹2,365.74 Cr (FY 2025) | 37.0% | Ballabgarh, Haryana, India | |||
| Ms Agarwal Foundries Private Limited | ₹2,333.52 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| SLR Metaliks Limited | ₹2,314.04 Cr (FY 2025) | -4.0% | Delhi, India | |||
| VST Infra & Steel Private Limited | ₹2,251.56 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| SMW Ispat Private Limited | ₹2,230.87 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Madhav KRG Limited, buy the company report.
Auditor
Madhav KRG Limited is audited by A. Goel & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. Goel & Associates | FY 2023 | 002743N |
Shareholding
The shareholding of Madhav KRG Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhav KRG Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2025 | 101178997 | Hdfc Bank Limited | ₹19.86 Lakh | Open | |
| 25 Sep 2025 | 101164238 | Hdfc Bank Limited | ₹94.5 Lakh | Open | |
| 17 Dec 2024 | 101021323 | Others | ₹15 Cr | Open | |
| 17 Dec 2024 | 101022161 | Others | ₹30 Cr | Open | |
| 21 Jun 2024 | 100938019 | Canara Bank | ₹260 Cr | Open |
To see the full charge records of Madhav KRG Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Madhav KRG Limited has 21 deals on record (13 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹40.14 Cr; the latest was in March 2018.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Krypton Datamatics Ltd , Fizza Plastics Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: Fizza Plastics Private Limited , Madhav Stelco Private Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Madhav KRG Re Cyclers Private Limited Seller: Dev Dutt Engineers Private Limited , Munish Goyal HUF, Madhav Udyog Private Limited , an individual |
| Aug 2015 | Rights issue | ₹16 Lakh | Investors: Fizza Plastics Private Limited |
| Mar 2014 | Funding round | ₹13.1 Lakh | Investors: Fizza Plastics Private Limited |
To see the full deal history of Madhav KRG Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madhav KRG Limited has 42 court cases on record: 33 filed by Madhav KRG, 9 filed against it. 9 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 5 | 6 |
| High courts | 17 | 3 | 2 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2405-Indirect Taxation : Service Tax) | Filed against the company by Union of India and 1 other | Pending |
| District court, Fatehgarh Sahib, Punjab | Civil suit | Filed by the company against P M Impex Pvt Ltd and 2 others | Pending |
| District court, Fatehgarh Sahib, Punjab | Civil suit | Filed by the company against M/S Dass Builders Pvt Ltd and 2 others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corporation Ltd and Ors and 2 others | Pending |
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Titagarh Rail Systems Limited | Disposed |
To see the full case history of Madhav KRG 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
Madhav KRG Limited was last rated by Crisil on 24 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Aug 2020 |
To see the full credit ratings and regulatory alerts of Madhav KRG Limited, buy the company report.
MSME payment delays
Madhav KRG Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 46 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Techlog Support Services Private Limited | |||
| GMT Industries Limited | |||
| Apl Apollo Tubes Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Madhav KRG Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Madhav KRG has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Madhav KRG HRC Private Limited | U27200DL2020PTC360430 |
To see the full group structure of Madhav KRG Limited, buy the company report.
Employees & EPFO
Madhav KRG Limited has a workforce of 934 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Madhav KRG has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCM6458N1Z4 | Punjab | Active | 01 Jul 2017 |
| 03AADCM6458N1DD | Punjab | Active | 05 Nov 2024 |
To see the full GST registrations and return filing status of Madhav KRG Limited, buy the company report.
Recent activity
Madhav KRG Limited has 17 board changes on record since 2010: 5 appointments and 12 cessations. The latest: Sunny Kakkar was appointed as Director on 05 May 2025.
55 earlier events are in the company report.
Frequently asked questions
Madhav KRG is an active public limited company based in Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 June 2003 (23+ years old) and is registered under CIN U27104DL2003PLC365691.
Madhav KRG has 5 current directors:
- Sudhir Goyal - Managing Director
- Sanjeev Kumar - Whole-Time Director
- Sunny Kakkar - Director
- Ashok Sharma - Director
- Renu Mehta - Director
The latest financial statements of Madhav KRG on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhav KRG is 03AADCM6458N1Z4, registered in Punjab. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 03AADCM6458N1DD (Punjab).
The CIN (Corporate Identification Number) of Madhav KRG is U27104DL2003PLC365691. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhav KRG has 42 court cases on record: 33 filed by the company and 9 filed against it. 9 are pending. Most are in the district courts.
Madhav KRG was incorporated on 20 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Madhav KRG has 21 deals on record (13 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹40.14 Cr; the latest was in March 2018.
The peers of Madhav KRG by revenue are S R J Peety Steels Private Limited, Shri Jagannath Steels & Power Limited, SRMB Srijan Private Limited, Uttam Strips Limited, Ms Agarwal Foundries Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Sunny Kakkar was appointed as Director on 05 May 2025. Renu Mehta ceased to be Additional Director on 08 Nov 2021. Komal Bhalla ceased to be Additional Director on 20 Sep 2021. Madhav KRG has 17 board changes on record in total.
Madhav KRG has 8 MSME Form 1 returns on record between 2019 and 2024, listing 46 overdue payments to 27 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Madhav KRG can be reached through the website madhavkrggroup.com. Its registered office is in Delhi, India.