About Minox Metal Private Limited
Data last updated:
Minox Metal Private Limited is a private limited company based in Anekal, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 19 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27109KA2005PTC036795. Its GSTIN is 29AAECM3330Q1Z2 (Karnataka). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Mysore Metfin Private Limited. It is led by directors including Jayantilal Lalchand Bhandari and Lalchand Dhiraj Kumar Bhandari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Anekal, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹288.63 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹7.2 Cr (net margin 2.5%) and EBITDA of ₹27.11 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 6% over five years.
The company has about 63 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Minox Metal. As per MCA filings, the company has open charges of ₹223.5 Cr and satisfied charges of ₹15.2 Cr on record. Court records list 21 cases involving the company, including 17 filed by the company and 4 filed against it; 4 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2.7 Cr; the latest was in March 2009.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minoxmetal.com.
Company details
Contact details
Minox Metal Private Limited's registered office is in Anekal, Karnataka. Its website is minoxmetal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 6 4th Phase KIADB Industrial Area, Jigani Link Road, Anekal, Karnataka, India – 560105
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Minox Metal Private 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
Minox Metal operates one associated brand: Minox Metal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stainless steel processing, finishing, and supply services in India. | minoxmetal.com |
Business activity
The main business activity of Minox Metal is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Minox Metal Private Limited, buy the company report.
Financials of Minox Metal Private Limited
FY 2024 filings availableMinox Metal Private Limited reported revenue of ₹288.63 Cr (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹27.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.2 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 2.5% | ||||
| 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 Minox Metal Private Limited, buy the company report.
Board of directors of Minox Metal Private Limited
Minox Metal has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Lalchand Bhandari Also directs: Minox Corporation Private Limited | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
| Lalchand Dhiraj Kumar Bhandari Also directs: Minox Corporation Private Limited, Mitani Realtors LLP | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
| Lalchand Prakash Bhandari Also directs: Minox Corporation Private Limited | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
| Suresh Bhandari | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
| Lalchand Vijay Bhandari Also directs: Minox Corporation Private Limited | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
| Kailash Dhiraj Bhandari | Director | 19 Jul 2005 | 21 Years 3 Months | Current |
Auditor
Minox Metal Private Limited is audited by SAMATHA BHANSALI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMATHA BHANSALI & CO | FY 2023 | 011538S |
Shareholding
The shareholding of Minox Metal 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Minox Metal Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2025 | 101152792 | Citi Bank N.A. | ₹15 Cr | Open | |
| 07 Aug 2024 | 100958155 | Citi Bank N.A. | ₹15 Cr | Open | |
| 13 Jun 2023 | 100738660 | Citi Bank N.A. | ₹15 Cr | Open | |
| 05 Jun 2023 | 100738661 | Citi Bank N.A. | ₹15 Cr | Open | |
| 04 Feb 2022 | 100532505 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open |
To see the full charge records of Minox Metal Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Minox Metal Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2.7 Cr; the latest was in March 2009.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2009 | Funding round | ₹2.7 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Minox Metal Private Limited has 21 court cases on record: 17 filed by Minox Metal, 4 filed against it. 4 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 3 | 4 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by Sri. G. R. Shivashankar, President, M/S. Omax Autos Ltd. Workers Union. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| Supreme Court | Petition | Filed against the company by Union of India | Disposed |
To see the full case history of Minox Metal 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.
Credit ratings & regulatory alerts
Minox Metal Private Limited was last rated by Icra on 16 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Nov 2021 |
To see the full credit ratings and regulatory alerts of Minox Metal Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Minox Metal Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Minox Metal has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Minox Corporation Private Limited | U14102KA1979PTC003616 |
To see the full group structure of Minox Metal Private Limited, buy the company report.
Employees & EPFO
Minox Metal Private Limited has a workforce of 63 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Minox Metal has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM3330Q1Z2 | Karnataka | Active | 01 Jul 2017 |
| 29AAECM3330Q1DB | Karnataka | Active | 24 Dec 2024 |
| 24AAECM3330Q1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Minox Metal Private Limited, buy the company report.
Recent activity
Minox Metal Private Limited has 6 board changes on record since 2005: 6 appointments. The latest: Jayantilal Lalchand Bhandari was appointed as Director on 19 Jul 2005.
18 earlier events are in the company report.
Frequently asked questions
Minox Metal is an active private limited company based in Anekal, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 19 July 2005 (21+ years old) and is registered under CIN U27109KA2005PTC036795.
Minox Metal has 6 current directors:
- Jayantilal Lalchand Bhandari - Director
- Lalchand Dhiraj Kumar Bhandari - Director
- Lalchand Prakash Bhandari - Director
- Suresh Bhandari - Director
- Lalchand Vijay Bhandari - Director
- Kailash Dhiraj Bhandari - Director
The latest financial statements of Minox Metal on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Minox Metal is 29AAECM3330Q1Z2, registered in Karnataka. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAECM3330Q1DB (Karnataka), 24AAECM3330Q1ZC (Gujarat).
The CIN (Corporate Identification Number) of Minox Metal is U27109KA2005PTC036795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minox Metal has 21 court cases on record: 17 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Minox Metal was incorporated on 19 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Minox Metal has 1 deal on record (1 funding round), with disclosed funding of ₹2.7 Cr; the latest was in March 2009.
Jayantilal Lalchand Bhandari was appointed as Director on 19 Jul 2005. Kailash Dhiraj Bhandari was appointed as Director on 19 Jul 2005. Lalchand Dhiraj Kumar Bhandari was appointed as Director on 19 Jul 2005. Minox Metal has 6 board changes on record in total.
Minox Metal can be reached through the website minoxmetal.com. Its registered office is in Anekal, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
