About Mitc Metals Private Limited
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Mitc Metals Private Limited is a private limited company based in Dindori, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27310MH2007PTC170497. Its GSTIN is 27AAKCS7987D1ZQ (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.35 Cr. It is led by directors including Champshi Manekji Shah and Atul Champshi Shah.
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 Plot No. B3 MIDC, Dindori Industrial Area, Maharashtra, India – 422202.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.63 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹17.9 Cr (net margin 30.5%) and EBITDA of ₹23.88 Cr (EBITDA margin 40.7%). Revenue has grown at a compounded annual rate (CAGR) of 351% over three years.
The company has about 87 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹67.28 Cr and satisfied charges of ₹276.99 Cr on record. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹46.34 Cr; the latest was in March 2019. Its 6 peer companies in the Metals and Minerals industry (Metals, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 smaller; the largest is Arora Matthey Ltd with revenue of ₹58.71 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 vaishnavcasting.com.
Company details
Contact details
Mitc Metals Private Limited's registered office is in Dindori, Maharashtra. Its website is vaishnavcasting.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. B3 MIDC, Dindori Industrial Area, Maharashtra, India – 422202
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Mitc Metals 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
Business activity
The main business activity of Mitc Metals 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 Mitc Metals Private Limited, buy the company report.
Financials of Mitc Metals Private Limited
FY 2024 filings availableMitc Metals Private Limited reported revenue of ₹58.63 Cr (up 6430% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 351% over three years. 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 |
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| EBITDA | ₹23.88 Cr | ||||
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| Net Profit (PAT) | ₹17.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 40.7% | ||||
| Net Profit Margin | 30.5% | ||||
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To see the full financial statements and ratios of Mitc Metals Private Limited, buy the company report.
Board of directors of Mitc Metals Private Limited
Mitc Metals has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champshi Manekji Shah Also directs: Mitc Rolling Mills Private Limited | Director | 31 Jul 2023 | 3 Years 2 Months | Current |
| Atul Champshi Shah Also directs: Mitc Rolling Mills Private Limited, Homeshine Properties LLP | Director | 31 Jul 2023 | 3 Years 2 Months | Current |
| Chetan Damji Lodaya Also directs: Mitc Rolling Mills Private Limited | Director | 19 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Mitc Metals Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metals, Steel), 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 |
|---|---|---|---|---|---|---|
| Arora Matthey Ltd | ₹58.71 Cr (FY 2025) | -60.0% | Kolkata, West Bengal, India | |||
| Jaihind Metals Hypermart Private Limited | ₹58.71 Cr (FY 2025) | 13.0% | Kochi, Kerala, India | |||
| Himalaya Ispat Private Limited | ₹58.7 Cr (FY 2025) | -15.0% | Kotdwar, Uttarakhand, India | |||
| Riddhi Siddhi Aluminium Private Limited | ₹58.64 Cr (FY 2025) | -5.0% | Sangli, Maharashtra, India | |||
| Mitc Metals Private Limitedthis company | ₹58.63 Cr (FY 2024) | ₹17.9 Cr | 30.5% | 6430.0% | Dindori, Maharashtra, India | |
| Shiv Shakti Castings Private Limited | ₹58.63 Cr (FY 2024) | -13.0% | Khanna, Punjab, India | |||
| Ske Strips Private Limited | ₹58.43 Cr (FY 2025) | 459.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mitc Metals Private Limited, buy the company report.
Auditor
Mitc Metals Private Limited is audited by R D SATRA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R D SATRA & ASSOCIATES | FY 2021 | 139447W |
Shareholding
The shareholding of Mitc Metals Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mitc Metals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101032445 | Yes Bank Limited | ₹60 Cr | Open | |
| 11 Dec 2023 | 100837971 | Others | ₹5 Lakh | Open | |
| 26 May 2015 | 10575476 | Dewan Housing Finance Corporation Limited | ₹7.23 Cr | Open | |
| 03 Mar 2014 | 10495366 | Others | ₹16.11 Cr | Satisfied | |
| 03 Mar 2014 | 10495908 | State Bank of Tranvacore | ₹25 Cr | Satisfied |
To see the full charge records of Mitc Metals Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mitc Metals Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹46.34 Cr; the latest was in March 2019.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shri Balasundari Business Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Prabhatara Vyapaar Pvt Ltd |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Shree Samrudhi Steel and Alloys Private Limited Seller: an individual |
| Mar 2014 | Funding round | ₹18.62 Cr | Investors: Shree Samrudhi Steel and Alloys Private Limited , an individual |
| Dec 2012 | Funding round | ₹11.72 Cr | Investors: Trinity Commodeal Private Limited |
To see the full deal history of Mitc Metals Private 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
No court or tribunal cases involving Mitc Metals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Mitc Metals Private Limited was last rated by Crisil on 18 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Nov 2019 |
To see the full credit ratings and regulatory alerts of Mitc Metals Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mitc Metals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mitc Metals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS7987D1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mitc Metals Private Limited, buy the company report.
Recent activity
Mitc Metals Private Limited has 12 board changes on record since 2009: 3 appointments and 9 cessations. The latest: Chetan Damji Lodaya ceased to be Additional Director on 29 Sep 2024.
20 earlier events are in the company report.
Frequently asked questions
Mitc Metals is an active private limited company based in Dindori, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 May 2007 (19+ years old) and is registered under CIN U27310MH2007PTC170497.
Mitc Metals has 3 current directors:
- Champshi Manekji Shah - Director
- Atul Champshi Shah - Director
- Chetan Damji Lodaya - Director
The latest financial statements of Mitc Metals 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 Mitc Metals is 27AAKCS7987D1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mitc Metals is U27310MH2007PTC170497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitc Metals was incorporated on 01 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Mitc Metals has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹46.34 Cr; the latest was in March 2019.
The peers of Mitc Metals by revenue are Arora Matthey Ltd, Jaihind Metals Hypermart Private Limited, Himalaya Ispat Private Limited, Riddhi Siddhi Aluminium Private Limited, Shiv Shakti Castings Private Limited and 1 more, all in the Metals and Minerals industry (Metals, Steel), with the same principal business activity (metal and metal products).
Chetan Damji Lodaya ceased to be Additional Director on 29 Sep 2024. Chetan Damji Lodaya was appointed as Director on 19 Oct 2023. Atul Champshi Shah was appointed as Director on 31 Jul 2023. Mitc Metals has 12 board changes on record in total.
Mitc Metals can be reached through the website vaishnavcasting.com. Its registered office is in Dindori, Maharashtra, India.
The registered office of Mitc Metals is at Plot No. B3 MIDC, Dindori Industrial Area, Maharashtra, India – 422202.