About Mi Electrical Steel Processing India Private Limited
Data last updated:
Mi Electrical Steel Processing India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Marubeni Itochu Steel Inc.. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U28990DL2013FTC256926. Its GSTIN is 08AAICM7934J1ZY (Rajasthan).
The company has an authorised share capital of ₹99.7 Cr and a paid-up capital of ₹99.61 Cr. It is led by directors including Masaki Imayoshi (Managing Director) and Yusuke Sanada.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit F – 17 & 17A First Floor Salcon Rasvilas Building Plot No. D – 1 Saket District C, Entre, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2025, the company reported a revenue of ₹393.01 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹7.07 Cr (net margin 1.8%) and EBITDA of ₹14.88 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MIESP. As per MCA filings, the company has satisfied charges of ₹9 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in October 2022. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Maa Chhinnmastika Cement and Ispat Private Limited with revenue of ₹400.11 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 miespindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit F – 17 & 17A First Floor Salcon Rasvilas Building Plot No. D – 1 Saket District C, Entre, New Delhi, Delhi, India – 110017
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Associated Brands with Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India operates one associated brand: MIESP. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel processing, motor core manufacturing, and industrial services in Rajasthan. | miespindia.com |
Business Activity of Mi Electrical Steel Processing India Private Limited
The main business activity of Mi Electrical Steel Processing India is manufacturing. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mi Electrical Steel Processing India Private Limited FY 2025 filings available
Mi Electrical Steel Processing India Private Limited reported revenue of ₹393.01 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mi Electrical Steel Processing India Private Limited
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 29% 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 of Mi Electrical Steel Processing India Private Limited
| 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 | ₹14.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.07 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 of Mi Electrical Steel Processing India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mi Electrical Steel Processing India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India has 6 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yusuke Sanada Also directs: JSW Mi Steel Service Center Private Limited | Director | 25 May 2020 | 6 Years 4 Months | Current |
| Masaki Imayoshi Also directs: Magnum Mi Steel Private Limited | Managing Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Eiichi Tanaka | Director | 06 Jun 2023 | 3 Years 4 Months | Current |
| Takahiro Nitta | Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Ken Yoshioka | Director | 10 Jun 2025 | 1 Years 4 Months | Current |
| Tadashi Etoh | Director | 10 Jun 2025 | 1 Years 4 Months | Current |
Peer Comparison of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maa Chhinnmastika Cement and Ispat Private Limited | ₹400.11 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ramgarh, Jharkhand, India |
| Prime Gold -Sail JVC Limited | ₹398.17 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Parth Concast Limited | ₹395.82 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Ahsb Steel Private Limited | ₹394.27 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Surat, Gujarat, India |
| Riddhi Steel and Tube Limited Listed | ₹393.94 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
| Mi Electrical Steel Processing India Private Limited this company | ₹393.01 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | New Delhi, Delhi, India |
| Jash Steel Private Limited | ₹391.72 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| SNB Enterprises Private Limited | ₹391.6 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Genext Steels Limited | ₹390.81 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Bavla, Gujarat, India |
| E.Ramamurthy Minerals and Metals Private Limited | ₹389.01 Cr (FY 2024) | •••• | •••• | 92322.0% | •••• | Bangalore, Karnataka, India |
| Panchmahal Steel Ltd Listed | ₹385.81 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Gujarat, India |
Peers are the five companies nearest above and the five nearest below Mi Electrical Steel Processing India by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited is audited by Agrawal Ranjan & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agrawal Ranjan & Company | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mi Electrical Steel Processing India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mi Electrical Steel Processing India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2015 | Icici Bank Limited | ₹9 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in October 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Funding round | ₹15 Cr | Investors: Marubeni Itochu Steel INC |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited has 5 court cases on record: 4 filed by Mi Electrical Steel Processing India, 1 filed against it. 2 cases are pending and 3 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, KOTPUTLI BEHROR, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Shahdara, Delhi | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Shahdara, Delhi | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Shahdara, Delhi | Court case (Civ Suit) | Filed against the company by Sunny Enterprises N | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited has a workforce of 62 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India Private Limited has 25 board changes on record since 2014: 6 appointments and 19 cessations. The latest: Ken Yoshioka ceased to be Additional Director on 15 Sep 2025.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mi Electrical Steel Processing India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mi Electrical Steel Processing India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mi Electrical Steel Processing India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAICM7934J1ZY | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mi Electrical Steel Processing India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mi Electrical Steel Processing India Private Limited
Mi Electrical Steel Processing India is an active foreign private limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 August 2013 (13+ years old) and is registered under CIN U28990DL2013FTC256926.
Mi Electrical Steel Processing India reported revenue of ₹393.01 Cr for FY 2025 (down 14% YoY).
Mi Electrical Steel Processing India has 6 current directors:
- Masaki Imayoshi - Managing Director
- Yusuke Sanada - Director
- Eiichi Tanaka - Director
- Takahiro Nitta - Director
- Ken Yoshioka - Director
- Tadashi Etoh - Director
Mi Electrical Steel Processing India reported a net profit of ₹7.07 Cr (net margin 1.8%) and EBITDA of ₹14.88 Cr (EBITDA margin 3.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mi Electrical Steel Processing India is -2% over three years and 10% over five years. In the latest year (FY 2025) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mi Electrical Steel Processing India is 08AAICM7934J1ZY, registered in Rajasthan.
The CIN (Corporate Identification Number) of Mi Electrical Steel Processing India is U28990DL2013FTC256926. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mi Electrical Steel Processing India has 5 court cases on record: 4 filed by the company and 1 filed against it. 2 are pending.
Mi Electrical Steel Processing India was incorporated on 26 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Mi Electrical Steel Processing India has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in October 2022.
The peers of Mi Electrical Steel Processing India by revenue are Maa Chhinnmastika Cement and Ispat Private Limited, Prime Gold -Sail JVC Limited, Parth Concast Limited, Ahsb Steel Private Limited, Riddhi Steel and Tube Limited and 5 more, all in the Metals and Minerals industry (Steel).