MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0010406
Megh Steels Private Limited
Megh Steels Private Limited - metals and minerals in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹204.72 Cr
▲ 6% YoY
Net profit · FY 2025
₹2.74 Cr
Net margin 1.3%
EBITDA · FY 2025
₹6.66 Cr
EBITDA margin 3.3%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹32.26 Lakh
Issued & subscribed
Open charges
₹37.03 Cr
Satisfied ₹12.16 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
315
Provident fund records
About Megh Steels Private Limited
Data last updated:
Megh Steels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 23 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27101KA1993PTC014464. Its GSTIN is 29AABCM1680L1Z6 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹32.26 Lakh. It is led by directors including Mukundan Deepak and Deepti Ramesh Shetty.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹204.72 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 1.3%) and EBITDA of ₹6.66 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 17% over five years.
The company has about 315 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹37.03 Cr and satisfied charges of ₹12.16 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
Megh Steels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0010406). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27101KA1993PTC014464
Registration Number 014464
Incorporation Date 23 June 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0010406
Key People
Mukundan Deepak Director Deepti Ramesh Shetty Director Nuggahalli Sunderarajaiyengar Mukundan Director Recognitions & Rankings of Megh Steels
Contact details
Megh Steels Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. A/85 31st Cross 7th Block, Jayanagar, Bangalore, Karnataka, India – 560070
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Megh Steels Private Limited, buy the company report.
Comprehensive company report
Megh 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 activities of Megh Steels are manufacturing and wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers manufacture of basic metals and retail trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals | |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Megh Steels Private Limited, buy the company report.
Financials of Megh Steels Private Limited
FY 2024 filings availableMegh Steels Private Limited reported revenue of ₹204.72 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹204.72 Cr ▲ 6%
Net profit · FY 2025
₹2.74 Cr margin 1.3%
EBITDA · FY 2025
₹6.66 Cr margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 16%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 6% growth in the latest year. EBITDA fell 2% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.74 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Megh Steels Private Limited, buy the company report.
Board of directors of Megh Steels Private Limited
Megh Steels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukundan Deepak | Director | 11 Jul 2005 | 21 Years 3 Months | Current |
| Deepti Ramesh Shetty Also directs: Kern Kreare Private Limited, Medkern Private Limited | Director | 20 May 2020 | 6 Years 5 Months | Current |
| Nuggahalli Sunderarajaiyengar Mukundan | Director | 23 Jun 1993 | 33 Years 4 Months | Current |
Auditor
Megh Steels Private Limited is audited by K.G. Acharya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.G. Acharya & Co | FY 2023 | 008019S |
Shareholding
The shareholding of Megh 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 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 Megh Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.03 Cr
Satisfied charges
₹12.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101179525 | Sidbi | ₹81.44 Lakh | Open | |
| 06 Mar 2025 | 101066275 | Sidbi | ₹1.13 Cr | Open | |
| 27 Dec 2024 | 101034775 | Sidbi | ₹72.75 Lakh | Open | |
| 12 Jul 2024 | 100951027 | Others | ₹5 Cr | Open | |
| 15 Jun 2023 | 100732116 | Sidbi | ₹52.92 Lakh | Open |
To see the full charge records of Megh Steels Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Megh Steels Private Limited has 3 court cases on record: 1 filed by Megh Steels, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Kotak Mahindra Bank and 1 other | Pending |
| District court, MANDYA, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
| District court, MANDYA, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
To see the full case history of Megh 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 Megh Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Megh Steels Private Limited has a workforce of 315 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
315
Active EPFO establishments
1
Employee growth
-12.98%
GST
Megh Steels has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM1680L1Z6 | Karnataka | Active | 01 Jul 2017 |
| 29AABCM1680L2Z5 | Karnataka | Active | 29 Mar 2025 |
| 33AABCM1680L1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Megh Steels Private Limited, buy the company report.
Recent activity
Megh Steels Private Limited has 5 board changes on record since 1993: 3 appointments and 2 cessations. The latest: Deepti Ramesh Shetty ceased to be Additional Director on 31 Dec 2020.
Charges
A charge with Sidbi amounted to Rs. 81.44 Lakh with Charge ID 101179525 was registered on 30 Oct 2025.
Charges
A charge with Sidbi amounted to Rs. 113.46 Lakh with Charge ID 101066275 was registered on 06 Mar 2025.
Charges
A charge with Sidbi amounted to Rs. 72.75 Lakh with Charge ID 101034775 was registered on 27 Dec 2024.
AGM
Megh Steels Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 1,956.00 Lakh registered on 24 Mar 2016 with Charge ID 100024379 was modified on 31 Jul 2024.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100951027 was registered on 12 Jul 2024.
Filing
Megh Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 777.38 Lakh registered on 26 Feb 2016 with Charge ID 10628282 was modified on 10 Jan 2024.
Charges
A charge with Sidbi amounted to Rs. 52.92 Lakh with Charge ID 100732116 was registered on 15 Jun 2023.
Charges
A charge with Sidbi amounted to Rs. 71.35 Lakh with Charge ID 100698207 was registered on 29 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 54.31 Lakh with Charge ID 100461687 was registered on 14 Jul 2021.
Ceased
Deepti Ramesh Shetty ceased to be Additional Director.
21 earlier events are in the company report.
Frequently asked questions
Megh Steels is an active private limited company based in Bangalore, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 23 June 1993 (33+ years old) and is registered under CIN U27101KA1993PTC014464.
Megh Steels has 3 current directors:
- Mukundan Deepak - Director
- Deepti Ramesh Shetty - Director
- Nuggahalli Sunderarajaiyengar Mukundan - Director
The latest financial statements of Megh Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Megh Steels is 29AABCM1680L1Z6, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AABCM1680L2Z5 (Karnataka), 33AABCM1680L1ZH (Tamil Nadu).
The CIN (Corporate Identification Number) of Megh Steels is U27101KA1993PTC014464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megh Steels has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Megh Steels was incorporated on 23 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Deepti Ramesh Shetty ceased to be Additional Director on 31 Dec 2020. Deepti Ramesh Shetty was appointed as Director on 20 May 2020. Prasanna Mukundan ceased to be Director on 23 Dec 2019. Megh Steels has 5 board changes on record in total.
Yes, Megh Steels is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0010406).
The registered office of Megh Steels is at No. A85 31st Cross 7th Block, Jayanagar, Bangalore, Karnataka, India – 560070.
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