Mitc Rolling Mills Private Limited
About Mitc Rolling Mills Private Limited
Data last updated:
Mitc Rolling Mills Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 April 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH1985PTC036042. Its GSTIN is 27AAACN1731C1Z1 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹20.75 Cr. It was formerly known as New Bombay Ispat Udyog Private Limited. It is led by directors including Champshi Manekji Shah and Atul Champshi Shah.
Its last annual general meeting (AGM) was held on 12 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 2/2 M I D Cpalkhed Road Dindori, Nashik, Maharashtra, India – 422202.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,236.94 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹25.29 Cr (net margin 2%) and EBITDA of ₹35.52 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 23% over five years.
The company has about 350 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹535.47 Cr on record. Court records list 81 cases involving the company, including 63 filed by the company and 18 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mitc Rolling Mills Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressB – 2/2 M I D Cpalkhed Road Dindori, Nashik, Maharashtra, India – 422202
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Mitc Rolling Mills 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 activities of Mitc Rolling Mills are manufacturing and trade. In detail, this covers metal and metal products 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 |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mitc Rolling Mills Private Limited, buy the company report.
Financials of Mitc Rolling Mills Private Limited
FY 2025 filings availableMitc Rolling Mills Private Limited reported revenue of ₹1,236.94 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 27% growth in the latest year. EBITDA rose 11% 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 | ₹35.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.29 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 | 2.9% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mitc Rolling Mills Private Limited, buy the company report.
Board of directors of Mitc Rolling Mills Private Limited
Mitc Rolling Mills has 3 current directors and 4 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 Metals Private Limited | Director | 12 Jun 1999 | 27 Years 4 Months | Current |
| Atul Champshi Shah Also directs: Mitc Metals Private Limited, Homeshine Properties LLP | Director | 12 Jun 1999 | 27 Years 4 Months | Current |
| Chetan Damji Lodaya Also directs: Mitc Metals Private Limited | Director | 01 Dec 2004 | 21 Years 10 Months | Current |
Peer comparison
Mitc Rolling Mills Private Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Foundry and Fabrication, 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 |
|---|---|---|---|---|---|---|
| Asian Tubes Private Limited | ₹1,299.67 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Raipur Power and Steel Limited | ₹1,288.8 Cr (FY 2024) | 18.0% | Mohali, Punjab, India | |||
| Rajuri Steels & TMT Bars Private Limited | ₹1,283.33 Cr (FY 2025) | 11.0% | Jalna, Maharashtra, India | |||
| Urjah Metallics Private Limited | ₹1,276.9 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Pushpit Steels Private Limited | ₹1,244.73 Cr (FY 2025) | -5.0% | Broadway, Tamil Nadu, India | |||
| Mitc Rolling Mills Private Limitedthis company | ₹1,236.94 Cr (FY 2025) | ₹25.29 Cr | 2% | 27.0% | 350 | Nashik, Maharashtra, India |
| MSP Sponge Iron Limited | ₹1,227.82 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Salsan Steels Private Limited | ₹1,220.63 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Amit Metaliks Limited | ₹1,215.18 Cr (FY 2025) | 32.0% | Durgapur, West Bengal, India | |||
| Sanyo Special Steel Manufacturing India Private Limited | ₹1,190.85 Cr (FY 2022) | 43.0% | Khalapur, Maharashtra, India | |||
| HMB Ispat Private Limited | ₹1,180.98 Cr (FY 2025) | 22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mitc Rolling Mills Private Limited, buy the company report.
Auditor
Mitc Rolling Mills Private Limited is audited by SUMARIA & SUMARIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMARIA & SUMARIA | FY 2023 | 124343W |
Shareholding
The shareholding of Mitc Rolling Mills 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mitc Rolling Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2001 | 80008597 | Canara Bank | ₹60 Cr | Open | |
| 21 Dec 2015 | 10613722 | Punjab National Bank | ₹99 Cr | Satisfied | |
| 21 Dec 2015 | 10615559 | Canara Bank | ₹209 Cr | Satisfied | |
| 21 Dec 2015 | 10615563 | Canara Bank | ₹209 Cr | Satisfied | |
| 28 Mar 2001 | 90223230 | Canara Bank | ₹95 Lakh | Satisfied |
To see the full charge records of Mitc Rolling Mills Private Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Mitc Rolling Mills Private Limited has 81 court cases on record: 63 filed by Mitc Rolling Mills, 18 filed against it. 14 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 9 | 11 |
| High courts | 20 | 7 | 2 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 2 | 2 | 0 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0603-Banking : Mortgage, pledge, hypothecation, bank guarantee, Money Lending Acts) | Filed by the company against M/S Renuka Realtors and 2 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Pending |
| District court, Nashik, Maharashtra | Commercial suit | Filed by the company against Ashapura Housing Pvt Ltd and Other and 5 others | Pending |
| District court, Nashik, Maharashtra | Commercial suit | Filed by the company against Simplex Infrastructures Ltd | Pending |
| High Court | Appeal | Filed by the company against Indian Steel and Power Pvt. Ltd. | Pending |
To see the full case history of Mitc Rolling Mills 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
Mitc Rolling Mills Private Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Mitc Rolling Mills Private Limited, buy the company report.
MSME payment delays
Mitc Rolling Mills Private Limited has 8 MSME Form 1 returns on record between 2018 and 2023, listing 124 overdue payments to 30 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Goyal & Shah LLP | |||
| P.D.Industries Pvt Ltd | |||
| Hexaroot Solutions Private Limited |
To see the full MSME payment records of Mitc Rolling Mills Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mitc Rolling Mills Private Limited has a workforce of 350 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Mitc Rolling Mills has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1731C1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN1731C1DA | Maharashtra | Active | 08 Nov 2024 |
To see the full GST registrations and return filing status of Mitc Rolling Mills Private Limited, buy the company report.
Recent activity
Mitc Rolling Mills Private Limited has 5 board changes on record since 1999: 3 appointments and 2 cessations. The latest: Payal Bansal ceased to be Company Secretary on 17 Jul 2020.
42 earlier events are in the company report.
Frequently asked questions
Mitc Rolling Mills is an active private limited company based in Nashik, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 April 1985 (41+ years old) and is registered under CIN U51420MH1985PTC036042.
Mitc Rolling Mills has 3 current directors:
- Champshi Manekji Shah - Director
- Atul Champshi Shah - Director
- Chetan Damji Lodaya - Director
The latest financial statements of Mitc Rolling Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mitc Rolling Mills is 27AAACN1731C1Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACN1731C1DA (Maharashtra).
The CIN (Corporate Identification Number) of Mitc Rolling Mills is U51420MH1985PTC036042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitc Rolling Mills has 81 court cases on record: 63 filed by the company and 18 filed against it. 14 are pending. Most are in the district courts.
Mitc Rolling Mills was incorporated on 26 April 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mitc Rolling Mills by revenue are Asian Tubes Private Limited, Raipur Power and Steel Limited, Rajuri Steels & TMT Bars Private Limited, Urjah Metallics Private Limited, Pushpit Steels Private Limited and 5 more, all in the Metals and Minerals industry (Foundry and Fabrication, Steel), with the same principal business activity (metal and metal products).
Payal Bansal ceased to be Company Secretary on 17 Jul 2020. Jasmini Atul Shah ceased to be Director on 15 Nov 2010. Chetan Damji Lodaya was appointed as Director on 01 Dec 2004. Mitc Rolling Mills has 5 board changes on record in total.
Mitc Rolling Mills has 8 MSME Form 1 returns on record between 2018 and 2023, listing 124 overdue payments to 30 micro and small suppliers. The latest return was filed on 11 Jan 2024.
The registered office of Mitc Rolling Mills is at B – 22 M I D Cpalkhed Road Dindori, Nashik, Maharashtra, India – 422202.
Mitc Rolling Mills operates in the metals and minerals industry, in the steel manufacturing and processing segment.