About Minex Metallurgical Company Limited
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Minex Metallurgical Company Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 31 March 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28910MH1981PLC024161. Its GSTIN is 27AAACM7315B1ZW (Maharashtra). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹11.5 Cr. It was formerly known as Minex Metallurgical Company Private Limited. It is led by directors including Sukhendu Bikas Misra (Managing Director) and Rakhi Misra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Rajguru Apts 3rd Floor 3 New Nagardas Road Andheri (E), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹148.34 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹3.17 Cr (net margin 2.1%) and EBITDA of ₹7.03 Cr (EBITDA margin 4.7%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 13% over five years.
The company is associated with 1 brand: Minex. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹222.65 Cr on record. Court records list 27 cases involving the company, including 14 filed by the company and 13 filed against it; 3 cases are pending. The company has 15 deals on record (14 secondary share transfers, 1 acquisition); the latest was in March 2024. Its 5 peer companies in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 4 smaller; the largest is Sponge Udyog Private Limited with revenue of ₹149.28 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 minexindia.com.
Company details
CIN history
Minex Metallurgical Company has one previous CIN (Corporate Identification Number): U28910MH1981PTC024161. The current CIN is U28910MH1981PLC024161, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910MH1981PLC024161 | Current |
| U28910MH1981PTC024161 | Previous |
Contact details
Minex Metallurgical Company Limited's registered office is in Mumbai, Maharashtra. Its website is minexindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressRajguru Apts 3rd Floor 3 New Nagardas Road Andheri (E), Mumbai, Maharashtra, India – 400069
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Minex Metallurgical Company 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
Minex Metallurgical Company operates one associated brand: Minex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of alloying solutions to iron & steel, aluminum, welding industries | minexindia.com |
Business activity
The main business activity of Minex Metallurgical Company is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Minex Metallurgical Company Limited, buy the company report.
Financials of Minex Metallurgical Company Limited
FY 2025 filings availableMinex Metallurgical Company Limited reported revenue of ₹148.34 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 62% fall in the latest year. EBITDA fell 86% 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 | ₹7.03 Cr | ||||
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| Net Profit (PAT) | ₹3.17 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 | 4.7% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Minex Metallurgical Company Limited, buy the company report.
Board of directors of Minex Metallurgical Company Limited
Minex Metallurgical Company has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Tagore | Director | 31 Mar 1981 | 45 Years 6 Months | Current |
| Sukhendu Bikas Misra Also directs: Minex Mincast LLP, Minex Melt Treatment Private Limited | Managing Director | 31 Mar 1984 | 42 Years 6 Months | Current |
| Rakhi Misra | Whole-Time Director | 01 Apr 1996 | 30 Years 6 Months | Current |
| Shreya Sukhendu Misra Also directs: Minex Mincast LLP, Minex Melt Treatment Private Limited | Director | 22 Jun 2019 | 7 Years 4 Months | Current |
| Anil Dattatraya Harolikar | Director | 30 Nov 2016 | 9 Years 10 Months | Current |
| Dilip Keshavlal Patel Also directs: Malladi Drugs and Pharmaceuticals Limited, Neilsoft Limited | Director | 01 Aug 2008 | 18 Years 2 Months | Current |
Peer comparison
Minex Metallurgical Company Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| Sponge Udyog Private Limited | ₹149.28 Cr (FY 2025) | 5.0% | Patna, Bihar, India | |||
| Minex Metallurgical Company Limitedthis company | ₹148.34 Cr (FY 2025) | ₹3.17 Cr | 2.1% | -62.0% | Mumbai, Maharashtra, India | |
| Sudarshan Alluminium India Limited | ₹146.99 Cr (FY 2025) | 45.0% | Miraj, Maharashtra, India | |||
| Singhal Sheets & Foils Private Limited | ₹146.84 Cr (FY 2024) | -3.0% | Vadodara, Gujarat, India | |||
| Goldstar Metals Limited | ₹146.81 Cr (FY 2025) | 100.0% | Mumbai, Maharashtra, India | |||
| Vardhman Extrusions Private Limited | ₹145.46 Cr (FY 2025) | 22.0% | Jammu and Kashmir, India |
To see the full peer comparison of Minex Metallurgical Company Limited, buy the company report.
Auditor
Minex Metallurgical Company Limited is audited by Shaparia Mehta & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shaparia Mehta & Associates LLP | FY 2023 | 112350W/W100051 |
Shareholding
The shareholding of Minex Metallurgical Company Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Minex Metallurgical Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2021 | 100493265 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 05 May 2016 | 100032418 | Others | ₹5 Cr | Open | |
| 29 May 2012 | 10359296 | Others | ₹10 Cr | Open | |
| 28 Dec 2017 | 100148434 | Others | ₹40 Cr | Satisfied | |
| 29 Nov 2013 | 10465771 | Dbs Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Minex Metallurgical Company Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Minex Metallurgical Company Limited has 15 deals on record (14 secondary share transfers, 1 acquisition); the latest was in March 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: S B Misra Huf |
| Dec 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Dec 2016 | Acquisition | Undisclosed | Buyer: Elkem South Asia Private Limited Seller: Minex Metallurgical Company Limited |
To see the full deal history of Minex Metallurgical Company 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
Minex Metallurgical Company Limited has 27 court cases on record: 14 filed by Minex Metallurgical Company, 13 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 6 | 1 |
| High courts | 6 | 6 | 2 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Yes Bank Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against R.L. Steels and Energy Ltd. Through Its Authorized Signatory Amit Chaturvedi Senior General Manager Commercial Registered Office at Plot No. 78-81, Pangra Shirvar, Chigrgaon, Paithan Road , District: Aurangabad ,Aurangabad , Maharashtra | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Didar Steel Complex Pvt.Ltd. and 4 others | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Krishna Ferro Products Ltd. and 2 others | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Vindhya Vasini Industries Ltd and 3 others | Disposed |
To see the full case history of Minex Metallurgical Company 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
Minex Metallurgical Company Limited was last rated by Icra on 12 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 Oct 2021 |
To see the full credit ratings and regulatory alerts of Minex Metallurgical Company Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Minex Metallurgical Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minex Metallurgical Company has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7315B1ZW | Maharashtra | Active | 01 Jul 2017 |
| 33AAACM7315B1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Minex Metallurgical Company Limited, buy the company report.
Recent activity
Minex Metallurgical Company Limited has 12 board changes on record since 1981: 9 appointments and 3 cessations. The latest: Anantharaman Mahadevan ceased to be Director on 06 Mar 2022.
34 earlier events are in the company report.
Frequently asked questions
Minex Metallurgical Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 31 March 1981 (45+ years old) and is registered under CIN U28910MH1981PLC024161.
Minex Metallurgical Company has 6 current directors:
- Sukhendu Bikas Misra - Managing Director
- Rakhi Misra - Whole-Time Director
- Mukul Tagore - Director
- Shreya Sukhendu Misra - Director
- Anil Dattatraya Harolikar - Director
- Dilip Keshavlal Patel - Director
The latest financial statements of Minex Metallurgical Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Minex Metallurgical Company is 27AAACM7315B1ZW, registered in Maharashtra. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 33AAACM7315B1Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of Minex Metallurgical Company is U28910MH1981PLC024161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minex Metallurgical Company has 27 court cases on record: 14 filed by the company and 13 filed against it. 3 are pending. Most are in the district courts.
Minex Metallurgical Company was incorporated on 31 March 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Minex Metallurgical Company has 15 deals on record (14 secondary share transfers, 1 acquisition); the latest was in March 2024.
The peers of Minex Metallurgical Company by revenue are Sponge Udyog Private Limited, Sudarshan Alluminium India Limited, Singhal Sheets & Foils Private Limited, Goldstar Metals Limited, Vardhman Extrusions Private Limited, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Anantharaman Mahadevan ceased to be Director on 06 Mar 2022. Shreya Sukhendu Misra was appointed as Director on 22 Jun 2019. Anil Dattatraya Harolikar was appointed as Director on 30 Nov 2016. Minex Metallurgical Company has 12 board changes on record in total.
Minex Metallurgical Company can be reached through the website minexindia.com. Its registered office is in Mumbai, Maharashtra, India.