MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0013000
Megamet Steels Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹194.57 Cr
▲ 21% YoY
Net profit · FY 2025
₹4.32 Cr
Net margin 2.2%
EBITDA · FY 2025
₹11.3 Cr
EBITDA margin 5.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹36 Lakh
Issued & subscribed
Open charges
₹118.31 Cr
Satisfied ₹10.25 Cr
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
About Megamet Steels Private Limited
Data last updated:
Megamet Steels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 30 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27310MH2007PTC167395. Its GSTIN is 24AAECM9477E1Z9 (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹36 Lakh. It is led by directors Prachi Nitin Kagzi and Nitin Kishan Behari Kagzi.
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 1110/1111 Embassy Centre Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹194.57 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹4.32 Cr (net margin 2.2%) and EBITDA of ₹11.3 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹118.31 Cr and satisfied charges of ₹10.25 Cr on record. Court records list 64 cases involving the company, including 57 filed by the company and 7 filed against it; 30 cases are pending.
Megamet Steels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0013000). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website megamet.in.
Company details
CIN U27310MH2007PTC167395
Registration Number 167395
Incorporation Date 30 January 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0013000
Recognitions & Rankings of Megamet Steels
Contact details
Megamet Steels Private Limited's registered office is in Mumbai, Maharashtra. Its website is megamet.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1110/1111 Embassy Centre Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Megamet Steels Private Limited, buy the company report.
Comprehensive company report
Megamet Steels Private 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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Secure checkout · GST invoice included
Business activity
The main business activity of Megamet Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Megamet Steels Private Limited, buy the company report.
Financials of Megamet Steels Private Limited
FY 2025 filings availableMegamet Steels Private Limited reported revenue of ₹194.57 Cr (up 21% YoY) for FY 2025.
Revenue · FY 2025
₹194.57 Cr ▲ 21%
Net profit · FY 2025
₹4.32 Cr margin 2.2%
EBITDA · FY 2025
₹11.3 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 26%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 27%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 21% growth in the latest year. EBITDA rose 34% 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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| Total Expenses | |||||
| EBITDA | ₹11.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.32 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 5.8% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Megamet Steels Private Limited, buy the company report.
Board of directors of Megamet Steels Private Limited
Megamet Steels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prachi Nitin Kagzi Also directs: Imperial Mining & Development Private Limited, Fast Packs Pvt Ltd, Astra Ventures Private Limited and 2 more | Director | 04 Oct 2012 | 14 Years 0 Months | Current |
| Nitin Kishan Behari Kagzi Also directs: Imperial Mining & Development Private Limited, Vicky Synthetics Pvt Ltd, Fast Packs Pvt Ltd and 3 more | Director | 30 Jan 2007 | 19 Years 8 Months | Current |
Peer comparison
Megamet Steels Private Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pankajini International Private Limited | ₹200.33 Cr (FY 2025) | 287.0% | Bhubaneswar, Odisha, India | |||
| Lahoty Brothers Private Limited | ₹199.37 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Megamet Steels Private Limitedthis company | ₹194.57 Cr (FY 2025) | ₹4.32 Cr | 2.2% | 21.0% | Mumbai, Maharashtra, India | |
| Akin Steel and Alloys Private Limited | ₹193.73 Cr (FY 2019) | 54.0% | Howrah, West Bengal, India | |||
| Rachana Resources (India) Private Limited | ₹191.19 Cr (FY 2025) | 20.0% | Nagpur, Maharashtra, India | |||
| Adhunik Niryat Ispat Limited | ₹190.59 Cr (FY 2025) | -44.0% | Delhi, India |
To see the full peer comparison of Megamet Steels Private Limited, buy the company report.
Auditor
Megamet Steels Private Limited is audited by K M GARG & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M GARG & CO. | FY 2023 | 120712W |
Shareholding
The shareholding of Megamet Steels 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 Megamet Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹118.31 Cr
Satisfied charges
₹10.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2025 | 101117582 | Others | ₹30 Lakh | Open | |
| 19 Apr 2024 | 100921680 | The Hongkong and Shanghai Banking Corporation Limited | ₹11 Cr | Open | |
| 28 Mar 2022 | 100560511 | Others | ₹1.65 Cr | Open | |
| 28 Mar 2022 | 100560513 | Others | ₹25 Cr | Open | |
| 05 Nov 2019 | 100323911 | Others | ₹15.98 Lakh | Open |
To see the full charge records of Megamet Steels Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Megamet Steels Private Limited has 64 court cases on record: 57 filed by Megamet Steels, 7 filed against it. 30 cases are pending and 34 are disposed.
Total cases
64
Filed by the company
57
Filed against the company
7
Pending
30
Disposed
34
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 2 | 28 |
| High courts | 5 | 0 | 1 |
| NCLAT | 5 | 5 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Evershine Wood Packaging Private Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Supreme Startech Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Shubhlaxmi Casting Pvt. Ltd. and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against V.S.Metacast Pvt. Ltd. and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Agarwal Mittal Concast Pvt. Ltd. and 3 others | Disposed |
To see the full case history of Megamet Steels 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Megamet Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Megamet Steels has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM9477E1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Megamet Steels Private Limited, buy the company report.
Recent activity
Megamet Steels Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Raj Kumar Hari Prasad Sarawgi ceased to be Director on 01 Jun 2013.
AGM
Megamet Steels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 11.00 Cr registered on 19 Apr 2024 with Charge ID 100921680 was modified on 29 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 101117582 was registered on 29 May 2025.
Charges
A charge with Others of Rs. 25.00 Cr registered on 28 Mar 2022 with Charge ID 100560513 was modified on 26 May 2025.
Filing
Megamet Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 61.20 Cr registered on 25 Jun 2015 with Charge ID 10579109 was modified on 29 Nov 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 11.00 Cr with Charge ID 100921680 was registered on 19 Apr 2024.
Charges
A charge with Others of Rs. 1.65 Cr registered on 28 Mar 2022 with Charge ID 100560511 was modified on 24 Jan 2024.
Charges
A charge with Others amounted to Rs. 1.65 Cr with Charge ID 100560511 was registered on 28 Mar 2022.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100560513 was registered on 28 Mar 2022.
Charges
A charge registered on 04 Aug 2021 via Charge ID 100494881 with Others was fully satisfied on 07 Mar 2022.
Charges
A charge with Others amounted to Rs. 10.25 Cr with Charge ID 100494881 was registered on 04 Aug 2021.
9 earlier events are in the company report.
Frequently asked questions
Megamet Steels is an active private limited company based in Mumbai, Maharashtra, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 30 January 2007 (19+ years old) and is registered under CIN U27310MH2007PTC167395.
Megamet Steels has 2 current directors:
- Prachi Nitin Kagzi - Director
- Nitin Kishan Behari Kagzi - Director
The latest financial statements of Megamet Steels 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 Megamet Steels is 24AAECM9477E1Z9, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Megamet Steels is U27310MH2007PTC167395. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megamet Steels has 64 court cases on record: 57 filed by the company and 7 filed against it. 30 are pending. Most are in the district courts.
Megamet Steels was incorporated on 30 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Megamet Steels by revenue are Pankajini International Private Limited, Lahoty Brothers Private Limited, Akin Steel and Alloys Private Limited, Rachana Resources (India) Private Limited, Adhunik Niryat Ispat Limited, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Raj Kumar Hari Prasad Sarawgi ceased to be Director on 01 Jun 2013. Prachi Nitin Kagzi was appointed as Director on 04 Oct 2012. Nitin Kishan Behari Kagzi was appointed as Director on 30 Jan 2007. Megamet Steels has 4 board changes on record in total.
Yes, Megamet Steels is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0013000).
Megamet Steels can be reached through the website megamet.in. Its registered office is in Mumbai, Maharashtra, India.