About De-Maithan Ispat Limited
Data last updated: 12 March 2026
De-Maithan Ispat Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Mideast Integrated Steels Limited. It specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 27 August 2003, the company has been in operation for over 23 years.
Registered with ROC Kolkata under CIN U27109WB2003PLC096854.
Capital: an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹710.59 Cr. Formerly known as Mal Industries Limited and De-Maithan Ispat Limited. It is led by directors including Nurani Shankar Parameswaran and Prasant Kumar Misra.
Last AGM: 25 August 2025. Financial statements filed for year ended 31 March 2019. Office: Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹574.26 Cr, a decline of 22% compared to the previous year.
The company has a workforce of approximately 238 employees as per the latest available data. It operates as a subsidiary of Mideast Integrated Steels Limited.
The company is associated with 2 brands - Maithan Ispat, Mesco Steel. As per MCA filings, the company has open charges of ₹1,534.95 Cr and satisfied charges of ₹3,383.98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mescosteel.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address16 Strand Road Diamond Heritage, 14Th Floor Room – 1412, Kolkata, West Bengal, India – 700001
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IndustryMetals and Minerals, Steel Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of De-Maithan Ispat Limited
De-Maithan Ispat Limited has undergone 2 name changes throughout its history. The company was previously known as Mal Industries Limited, and De-Maithan Ispat Limited. The current legal name is De-Maithan Ispat Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| De-Maithan Ispat Limited | Current |
| Mal Industries Limited | Previous |
Associated Brands with De-Maithan Ispat Limited
De-Maithan Ispat Limited operates two associated brands: Maithan Ispat and Mesco Steel. These brands represent De-Maithan Ispat Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Secondary cast steel products are manufactured by Maithan Ispat. | maithanispat.com | |
| Steel production, iron ore mining, and raw material handling in India. | mescosteel.com |
Business Activity of De-Maithan Ispat Limited
De-Maithan Ispat Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | ********* |
Auditor Details of De-Maithan Ispat Limited
De-Maithan Ispat Limited is audited by Arun Todarwal & Associates LLP for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Arun Todarwal & Associates LLP | blur-value | blur-value | blur-value |
Board of Directors of De-Maithan Ispat Limited
De-Maithan Ispat Limited is currently managed by 7 directors, with 27 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Nurani Shankar Parameswaran
Also directs:
Saarc Helicopters Llp, Forrester Foods Private Limited, Mesco Laboratories Limited and 1 more
|
Director | 30 Oct 2019 | 6 Years 8 Months | Current |
|
Prasant Kumar Misra
Also directs:
Mideast Integrated Steels Limited
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Director | 31 Aug 2024 | 1 Years 10 Months | Current |
|
Shipra Singh Rana
Also directs:
Mideast Integrated Steels Limited, Pahardia Gold Mining Limited, Swadesh And International Exports Limited and 2 more
|
Whole-Time Director | 30 Mar 2016 | 10 Years 3 Months | Current |
| Amarendra Khatua | Director | 31 Aug 2024 | 1 Years 10 Months | Current |
|
Amit Gupta
Also directs:
Aarthtech Earthworks Llp, Devika Ventures And Industries Private Limited, Bonai Ispat Private Limited and 4 more
|
Director | 01 Apr 2023 | 3 Years 3 Months | Current |
Financials of De-Maithan Ispat Limited FY 2019 filings available
De-Maithan Ispat Limited reported revenue of ₹574.26 Cr (down 22% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of De-Maithan Ispat Limited
As of FY 2021, De-Maithan Ispat Limited's shareholding pattern shows 99.60% by promoters, 0.41% by public shareholders. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Group Structure of De-Maithan Ispat Limited
De-Maithan Ispat Limited has 1 associated company. This group structure data is as of FY 2021. The corporate group structure reflects De-Maithan Ispat Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of De-Maithan Ispat Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Apr 2024 | Sbicap Trustee Company Limited | ₹502 Cr | Open |
| 19 Nov 2021 | Others | ₹250 Cr | Open |
| 17 Nov 2015 | Sbicap Trustee Company Limited | ₹782.95 Cr | Open |
| 31 Mar 2015 | State Bank of India | ₹613.95 Cr | Satisfied |
| 31 Mar 2015 | State Bank of India | ₹169 Cr | Satisfied |
Total charge records: 19 View all charges
Employees and EPFO Compliance at De-Maithan Ispat Limited
De-Maithan Ispat Limited has a workforce of 238 employees as of Apr 06, 2024.
Employee Count & EPFO Data of De-Maithan Ispat Limited
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GST Compliance of De-Maithan Ispat Limited
GSTIN & GST Filing Data of De-Maithan Ispat Limited
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Credit Ratings, Litigation & Regulatory Alerts for De-Maithan Ispat Limited
Credit Ratings, Legal Cases & Regulatory Alerts of De-Maithan Ispat Limited
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MSME Payment Delays by De-Maithan Ispat Limited
MSME Payment Delays by De-Maithan Ispat Limited
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Subsidiaries & Group Companies of De-Maithan Ispat Limited
Subsidiaries & Group Companies of De-Maithan Ispat Limited
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MCA Filings & Documents of De-Maithan Ispat Limited
MCA Filings & Documents of De-Maithan Ispat Limited
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Recent Activity on De-Maithan Ispat Limited
Frequently Asked Questions about De-Maithan Ispat Limited
De-Maithan Ispat Limited is an active public limited company in the metals and minerals sector based in Kolkata, West Bengal, India. It was incorporated on 27 August 2003 (23+ years old) and is registered under CIN U27109WB2003PLC096854. The company has 238 employees.
De-Maithan Ispat Limited reported revenue of ₹574.26 Cr for FY 2025 (down 22.00% YoY).
The current directors of De-Maithan Ispat Limited are:
- Nurani Shankar Parameswaran
- Prasant Kumar Misra
- Shipra Singh Rana
- Amarendra Khatua
- Amit Gupta
- Kumar Veervardhan
- Yachika Goel
The primary industry of De-Maithan Ispat Limited is metals and minerals. The company specifically operates in steel manufacturing and processing. The company is currently active in this sector.
De-Maithan Ispat Limited can be reached at the registered office: 16 Strand Road Diamond Heritage, 14Th Floor Room – 1412, Kolkata, West Bengal, India – 700001, or through the website mescosteel.com.
The authorised capital is ₹1,000 Cr, and the paid-up capital is ₹710.59 Cr.