About Minsol Limited
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Minsol Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 04 January 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27205WB1983PLC035637. Its GSTIN is 19AABCC2313A1ZG (West Bengal). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹28.57 Cr and a paid-up capital of ₹6.6 Cr. It was formerly known as Cuprum Bagrodia Limited. It is led by directors including Songit Kumar Bagrodia (Managing Director) and Hitendra Narayan Sinharay (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14/1 B Ezra St, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹164.3 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹24.46 Cr (net margin 14.9%) and EBITDA of ₹85.57 Cr (EBITDA margin 52.1%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹117.26 Cr and satisfied charges of ₹141.11 Cr on record. Court records list 26 cases involving the company, including 13 filed by the company and 13 filed against it; 2 cases are pending. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹14.28 Cr; the latest was in October 2023. Its 10 peer companies in the same principal business activity (mining of coal and lignite) are compared by revenue, 5 larger and 5 smaller; the largest is West Bengal Mineral Development and Trading Corp Ltd with revenue of ₹198.94 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 minsolltd.com.
Company details
CIN history
Minsol has one previous CIN (Corporate Identification Number): L27205WB1983PLC035637. The current CIN is U27205WB1983PLC035637, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27205WB1983PLC035637 | Current |
| L27205WB1983PLC035637 | Previous |
Contact details
Minsol Limited's registered office is in Kolkata, West Bengal. Its website is minsolltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14/1 B Ezra St, Kolkata, West Bengal, India – 700001
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Minsol 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
Business activity
The main business activities of Minsol are mining and quarrying and trade. In detail, this covers mining of coal and lignite and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B1 | Mining of Coal and lignite | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Minsol Limited, buy the company report.
Financials of Minsol Limited
FY 2025 filings availableMinsol Limited reported revenue of ₹164.3 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 10% fall in the latest year. EBITDA fell 18% 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 | ₹85.57 Cr | ||||
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| Net Profit (PAT) | ₹24.46 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 | 52.1% | ||||
| Net Profit Margin | 14.9% | ||||
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To see the full financial statements and ratios of Minsol Limited, buy the company report.
Board of directors of Minsol Limited
Minsol has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitendra Narayan Sinharay | Whole-Time Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Songit Kumar Bagrodia Also directs: Minecs Finvest Private Limited, Minsol Moira Mine Private Limited, Minsol Ratibati Mine Private Limited and 5 more | Managing Director | 01 Apr 1992 | 34 Years 7 Months | Current |
| Gopal Chandra Paul Also directs: Minecs Finvest Private Limited, Minsol Moira Mine Private Limited, Minsol Ratibati Mine Private Limited and 1 more | Whole-Time Director | 16 Jan 2008 | 18 Years 9 Months | Current |
| Vinod Kumar Bagrodia Also directs: Amrapali Barter Pvt Ltd, Atirath Commercial Pvt Ltd, Girikunj Tradelink Pvt.Ltd. and 4 more | Whole-Time Director | 04 Jan 1983 | 43 Years 10 Months | Current |
| Shailly Shah | Director | 11 Nov 2024 | 2 Years 0 Months | Current |
| Aditya Choudhary | Director | 11 Nov 2024 | 2 Years 0 Months | Current |
Peer comparison
Minsol Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (mining of coal and lignite), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| West Bengal Mineral Development and Trading Corp Ltd | ₹198.94 Cr (FY 2024) | 232.0% | Kolkata, West Bengal, India | |||
| Tara Coal Mining Private Limited | ₹196.15 Cr (FY 2025) | 832.0% | Kolkata, West Bengal, India | |||
| Nirvaan Mining Private Limited | ₹180.34 Cr (FY 2025) | 6.0% | Nawanshahr, Punjab, India | |||
| Yasin Impex India Private Limited | ₹167.87 Cr (FY 2025) | -24.0% | Chennai, Tamil Nadu, India | |||
| Paras Power and Coal Benefication Private Limited | ₹164.53 Cr (FY 2025) | -37.0% | Bilaspur, Chhattisgarh, India | |||
| Minsol Limitedthis company | ₹164.3 Cr (FY 2025) | ₹24.46 Cr | 14.9% | -10.0% | Kolkata, West Bengal, India | |
| Coaltwister Limited | ₹148.07 Cr (FY 2024) | 1130.0% | Chandigarh, India | |||
| Assam Mineral Development Corporation Limited | ₹127.81 Cr (FY 2020) | -3.0% | Guwahati, Assam, India | |||
| Montecarlo Barjora Mining Private Limited | ₹102.09 Cr (FY 2025) | -26.0% | Ahmedabad, Gujarat, India | |||
| Lokesh Infraproject Private Limited | ₹95.53 Cr (FY 2025) | 10.0% | Nagpur, Maharashtra, India | |||
| Isha Resources Private Limited | ₹93.72 Cr (FY 2025) | -55.0% | Visakhapatnam, Andhra Pradesh, India |
To see the full peer comparison of Minsol Limited, buy the company report.
Auditor
Minsol Limited is audited by Sitaram Agarwal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sitaram Agarwal & Associates | FY 2023 | 315141E |
Shareholding
The shareholding of Minsol 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 Minsol Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101134245 | Hdfc Bank Limited | ₹5.6 Lakh | Open | |
| 23 Jul 2025 | 101141857 | Hdfc Bank Limited | ₹78.08 Lakh | Open | |
| 23 Jun 2025 | 101120728 | Axis Bank Limited | ₹2.37 Cr | Open | |
| 26 Jun 2024 | 100941367 | Hdfc Bank Limited | ₹55 Lakh | Open | |
| 25 Jun 2024 | 100942125 | Hdfc Bank Limited | ₹60 Lakh | Open |
To see the full charge records of Minsol Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Minsol Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹14.28 Cr; the latest was in October 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Vareli Tecnac Private Limited , Mahacol Trexim Pvt Ltd |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Umang Industrial & Trade Developments Ltd , Hermes Financers Private Limited , Minecs Finvest Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: Mahacol Trexim Pvt Ltd , Atirath Commercial Pvt Ltd , Nissan Vinimay Pvt Ltd |
| Sep 2018 | Rights issue | ₹1.78 Cr | Investors: Hermes Financers Private Limited , Umang Industrial & Trade Developments Ltd , 2 individuals |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Umang Industrial & Trade Developments Ltd , Hermes Financers Private Limited Seller: Primrose Paper Mills Pvt Ltd |
To see the full deal history of Minsol 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
Minsol Limited has 26 court cases on record: 13 filed by Minsol, 13 filed against it. 2 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 6 | 1 |
| District courts | 5 | 5 | 0 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Arbitration matter | Filed against the company by Gainwell Commosales Private Limited | Disposed |
| High Court, West Bengal | Court case (APO) | Filed against the company by Gainwell Commosales Private Limited | Disposed |
| High Court, West Bengal | Court case (APO) | Filed by the company against Gainwell Commosales Pvt Ltd | Disposed |
| High Court, West Bengal | Arbitration matter | Filed by the company against Gainwell Commosales Pvt Ltd | Disposed |
| Supreme Court | Court case (4201-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Tenders invited or contracts awarded/leases granted or determined by Central Government) | Filed by the company against South Eastern Coalfields Ltd. Thru Its Chairman and Managing Director Seepat Road, , District: Bilaspur ,Bilaspur , Chhattisgarh and 5 others | Disposed |
To see the full case history of Minsol 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
Minsol Limited was last rated by Care on 24 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Sep 2021 |
To see the full credit ratings and regulatory alerts of Minsol Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Minsol Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minsol has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCC2313A1ZG | West Bengal | Active | 01 Jul 2017 |
| 23AABCC2313A1ZR | Madhya Pradesh | Active | 01 Jul 2017 |
| 20AABCC2313A2ZW | Jharkhand | Active | 10 Apr 2023 |
To see the full GST registrations and return filing status of Minsol Limited, buy the company report.
Recent activity
Minsol Limited has 18 board changes on record since 1983: 6 appointments and 12 cessations. The latest: Aditya Choudhary ceased to be Additional Director on 21 Sep 2025.
54 earlier events are in the company report.
Frequently asked questions
Minsol is an active public limited company based in Kolkata, West Bengal, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 04 January 1983 (43+ years old) and is registered under CIN U27205WB1983PLC035637.
Minsol has 6 current directors:
- Songit Kumar Bagrodia - Managing Director
- Hitendra Narayan Sinharay - Whole-Time Director
- Gopal Chandra Paul - Whole-Time Director
- Vinod Kumar Bagrodia - Whole-Time Director
- Shailly Shah - Director
- Aditya Choudhary - Director
The latest financial statements of Minsol on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Minsol is 19AABCC2313A1ZG, registered in West Bengal. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 23AABCC2313A1ZR (Madhya Pradesh), 20AABCC2313A2ZW (Jharkhand).
The CIN (Corporate Identification Number) of Minsol is U27205WB1983PLC035637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minsol has 26 court cases on record: 13 filed by the company and 13 filed against it. 2 are pending. Most are in the high courts.
Minsol was incorporated on 04 January 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
Minsol has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹14.28 Cr; the latest was in October 2023.
The peers of Minsol by revenue are West Bengal Mineral Development and Trading Corp Ltd, Tara Coal Mining Private Limited, Nirvaan Mining Private Limited, Yasin Impex India Private Limited, Paras Power and Coal Benefication Private Limited and 5 more, all in the same principal business activity (mining of coal and lignite).
Aditya Choudhary ceased to be Additional Director on 21 Sep 2025. Shailly Shah ceased to be Additional Director on 21 Sep 2025. Hitendra Narayan Sinharay ceased to be Additional Director on 22 Dec 2024. Minsol has 18 board changes on record in total.
Minsol can be reached through the website minsolltd.com. Its registered office is in Kolkata, West Bengal, India.
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