About Madhav Stelco Private Limited
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Madhav Stelco Private Limited is a private limited company based in Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27106PB2004PTC027735. Its GSTIN is 03AAACU7461N1Z2 (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.88 Cr. It was formerly known as Uttam Rolling Mills Private Limited. It is led by directors including Minu Goyal and Munish Goyal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Talwara Roadgobindgarh Fatehgarh Sahib, Punjab, India – 147301.
As per the financials filed for FY 2025, the company reported a revenue of ₹705.5 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹35.19 Cr (net margin 5%) and EBITDA of ₹43.94 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 12% over five years.
The company has about 307 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Madhav Stelco. As per MCA filings, the company has open charges of ₹184.76 Cr and satisfied charges of ₹37.83 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 6 filed against it; 2 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in March 2024. 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, 5 larger and 3 smaller; the largest is Rimjhim Stainless Limited with revenue of ₹709.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhavstelco.com.
Company details
Contact details
Madhav Stelco Private Limited's registered office is in Punjab. Its website is madhavstelco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTalwara Roadgobindgarh Fatehgarh Sahib, Punjab, India – 147301
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Madhav Stelco Private 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
Brands
Madhav Stelco operates one associated brand: Madhav Stelco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel product manufacturing and supply services in India. | madhavstelco.com |
Business activity
The main business activities of Madhav Stelco are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Madhav Stelco Private Limited, buy the company report.
Financials of Madhav Stelco Private Limited
FY 2024 filings availableMadhav Stelco Private Limited reported revenue of ₹705.5 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 17% growth in the latest year. EBITDA rose 73% 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 | ₹43.94 Cr | ||||
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| Net Profit (PAT) | ₹35.19 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 | 6.2% | ||||
| Net Profit Margin | 5% | ||||
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To see the full financial statements and ratios of Madhav Stelco Private Limited, buy the company report.
Board of directors of Madhav Stelco Private Limited
Madhav Stelco 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 |
|---|---|---|---|---|
| Minu Goyal Also directs: Valence Labs Private Limited, Madhav Udyog Private Limited, Dev Dutt Engineers Private Limited and 1 more | Director | 10 Mar 2017 | 9 Years 7 Months | Current |
| Munish Goyal Also directs: Valence Labs Private Limited, Madhav Udyog Private Limited, Bluesky NRG Private Limited and 5 more | Director | 22 Aug 2007 | 19 Years 2 Months | Current |
| Manish Jain | Director | 10 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Madhav Stelco Private 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 |
|---|---|---|---|---|---|---|
| Rimjhim Stainless Limited | ₹709.55 Cr (FY 2025) | 0.0% | Kanpur, Uttar Pradesh, India | |||
| JNB Steel Industries Private Limited | ₹707.16 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Shikhara Steels Private Limited | ₹706.9 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Sumangala Steel Private Limited | ₹706.85 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| S.K. Steeltech Private Limited | ₹705.78 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India | |||
| Madhav Stelco Private Limitedthis company | ₹705.5 Cr (FY 2025) | ₹35.19 Cr | 5% | 17.0% | 307 | Punjab, India |
| Bhawani Industries Private Limited | ₹704.03 Cr (FY 2025) | 8.0% | Punjab, India | |||
| Narsingh Ispat Limited | ₹699.74 Cr (FY 2025) | -13.0% | Kolkata, West Bengal, India | |||
| Aamor Inox Limited | ₹695.21 Cr (FY 2025) | 4.0% | Delhi, India |
To see the full peer comparison of Madhav Stelco Private Limited, buy the company report.
Auditor
Madhav Stelco Private Limited is audited by GOYAL MAHAJAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL MAHAJAN & ASSOCIATES | FY 2023 | 009079N |
Shareholding
The shareholding of Madhav Stelco Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhav Stelco Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2025 | 101135112 | Axis Bank Limited | ₹56.26 Cr | Open | |
| 17 Feb 2025 | 101067573 | Axis Bank Limited | ₹90 Cr | Open | |
| 27 Feb 2017 | 100095113 | Hdfc Bank Limited | ₹38.5 Cr | Open | |
| 29 May 2019 | 100267687 | Axis Bank Limited | ₹3 Cr | Satisfied | |
| 31 Oct 2008 | 10133217 | Bank of Baroda | ₹15 Cr | Satisfied |
To see the full charge records of Madhav Stelco Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Madhav Stelco Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in March 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Madhav KRG Re Cyclers Private Limited , Dev Dutt Engineers Private Limited Seller: Fizza Plastics Private Limited |
| Aug 2011 | Funding round | ₹2.6 Cr | Investors: Fizza Plastics Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Alishan Complex Private Limited, Orangestone Advisors Private Limited , Wellbuild Cement Private Limited |
| Mar 2009 | Funding round | ₹2 Cr | Investors: Joyprit Hotel Private Limited , Sitala Retail Private Limited , Orangestone Advisors Private Limited |
To see the full deal history of Madhav Stelco Private 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 Stelco Private Limited has 8 court cases on record: 3 filed by Madhav Stelco, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 1 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by M/S Oasis Enterprises Pvt Ltd and Ors and 8 others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against M/S Madhav Stelco Private Ltd and 8 others | Pending |
| District court, Fatehgarh Sahib, Punjab | Civil suit | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company | Disposed |
| High Court, PUNJAB | Court case (COCP) | Filed against the company by individuals | Disposed |
To see the full case history of Madhav Stelco Private 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 Stelco Private Limited was last rated by Crisil on 17 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Dec 2021 |
To see the full credit ratings and regulatory alerts of Madhav Stelco Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madhav Stelco Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Madhav Stelco Private Limited has a workforce of 307 employees on its EPFO records as of Apr 05, 2024, across 3 active EPFO establishments.
GST
Madhav Stelco has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACU7461N1Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhav Stelco Private Limited, buy the company report.
Recent activity
Madhav Stelco Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Manish Jain ceased to be Additional Director on 30 Aug 2017.
16 earlier events are in the company report.
Frequently asked questions
Madhav Stelco is an active private limited company based in Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 December 2004 (22+ years old) and is registered under CIN U27106PB2004PTC027735.
Madhav Stelco has 3 current directors:
- Minu Goyal - Director
- Munish Goyal - Director
- Manish Jain - Director
The latest financial statements of Madhav Stelco on record with the MCA are for the year ended 31 March 2024. 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 Stelco is 03AAACU7461N1Z2, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Madhav Stelco is U27106PB2004PTC027735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhav Stelco has 8 court cases on record: 3 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Madhav Stelco was incorporated on 16 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
Madhav Stelco has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in March 2024.
The peers of Madhav Stelco by revenue are Rimjhim Stainless Limited, JNB Steel Industries Private Limited, Shikhara Steels Private Limited, Sumangala Steel Private Limited, S.K. Steeltech Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Manish Jain ceased to be Additional Director on 30 Aug 2017. Minu Goyal ceased to be Additional Director on 30 Aug 2017. Sanjeev Kumar ceased to be Additional Director on 16 Aug 2017. Madhav Stelco has 12 board changes on record in total.
Madhav Stelco can be reached through the website madhavstelco.com. Its registered office is in Punjab, India.
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