About JSW Ispat Special Products Limited
Data last updated:
JSW Ispat Special Products Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Creixent Special Steels Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 February 1990.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L02710MH1990PLC363582. Its GSTIN is 27AAACM0501D2Z9 (Maharashtra). The company held 25 GST registrations, of which 12 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 28 Mar 2024 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹1,550 Cr and a paid-up capital of ₹995.53 Cr. It was formerly known as Monnet Ispat and Energy Limited and Monnet Ispat Limited. It was led by directors including Paresh Shah (Whole-Time Director) and Anuradha Ambar Bajpai.
Its last annual general meeting (AGM) was held on 18 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹6,084.32 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹1.49 Cr (net margin 0%) and EBITDA of ₹495.3 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 34% over five years.
The company had about 889 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries and 4 joint ventures.
The company was associated with 1 brand: JSW Ispat Special Products. As per MCA filings, the company had satisfied charges of ₹21,269 Cr on record. Court records list 258 cases involving the company, including 109 filed by the company and 149 filed against it; 30 cases are pending. The company has 74 deals on record (35 market trades, 26 funding rounds, 13 secondary share transfers), with disclosed funding of ₹2,576.14 Cr; the latest was in August 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Shyam Steel Industries Limited with revenue of ₹7,161.34 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 282 overdue payments to 63 micro and small suppliers.
The last known website on record is aionjsw.in.
Company details
Name history
JSW Ispat Special Products has undergone 2 name changes throughout its history. The company was previously known as Monnet Ispat And Energy Limited, and Monnet Ispat Limited. The current legal name is Jsw Ispat Special Products Limited.
| Company Name | Status |
|---|---|
| JSW Ispat Special Products Limited | Current |
| Monnet Ispat And Energy Limited | Previous |
| Monnet Ispat Limited | Previous |
CIN history
JSW Ispat Special Products has one previous CIN (Corporate Identification Number): L02710CT1990PLC009826. The current CIN is L02710MH1990PLC363582, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L02710MH1990PLC363582 | Current |
| L02710CT1990PLC009826 | Previous |
Contact details
JSW Ispat Special Products Limited's registered office is in Mumbai, Maharashtra. Its website is aionjsw.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJsw Center Bandra Kurla Complex (East), India, Mumbai, Maharashtra, India – 400051
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of JSW Ispat Special Products 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
JSW Ispat Special Products operates one associated brand: JSW Ispat Special Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sponge iron and steel products are produced by the company. | aionjsw.in |
Business activity
The main business activity of JSW Ispat Special Products 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 JSW Ispat Special Products Limited, buy the company report.
Financials of JSW Ispat Special Products Limited
FY 2022 filings availableJSW Ispat Special Products Limited reported revenue of ₹6,084.32 Cr (up 45% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 45% growth in the latest year. EBITDA fell 31% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | ₹495.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.49 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of JSW Ispat Special Products Limited, buy the company report.
Board of directors of JSW Ispat Special Products Limited
JSW Ispat Special Products has 7 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Shah | Whole-Time Director | 01 Sep 2022 | 4 Years 1 Months | As last reported |
| Anuradha Ambar Bajpai Also directs: Clix Capital Services Private Limited, JSW Holdings Limited, JSW Jfe Kalinga Steel Limited and 5 more | Director | 30 Jul 2018 | 8 Years 2 Months | As last reported |
| Jyotin Kantilal Mehta | Director | 30 Jul 2018 | 8 Years 2 Months | As last reported |
| Krishna Deshika Also directs: BMM Ispat Limited | Director | 20 Jul 2021 | 5 Years 3 Months | As last reported |
| Nikhil Omprakash Gahrotra | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Naresh Kumar Hashmat Rai Lalwani Also directs: JSW Industrial Parks Limited, JSW Realty & Infrastructure Private Limited, JSW Rayalaseema Steel Limited and 5 more | Director | 24 Dec 2021 | 4 Years 9 Months | As last reported |
Peer comparison
JSW Ispat Special Products Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (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 |
|---|---|---|---|---|---|---|
| Shyam Steel Industries Limited | ₹7,161.34 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Lloyds Metals and Energy Limited | ₹6,772.62 Cr (FY 2025) | 3.0% | Chandrapur, Maharashtra, India | |||
| Jai Balaji Industries Limited | ₹6,418.46 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Asian Colour Coated Ispat Limited | ₹6,334.07 Cr (FY 2022) | 62.0% | Mumbai, Maharashtra, India | |||
| JSW Ispat Special Products Limitedthis company | ₹6,084.32 Cr (FY 2022) | ₹1.49 Cr | 0% | 45.0% | 889 | Mumbai, Maharashtra, India |
| Jayaswal Neco Industries Limited | ₹6,012.37 Cr (FY 2025) | 1.0% | Nagpur, Maharashtra, India | |||
| Neelachal Ispat Nigam Ltd | ₹5,780.54 Cr (FY 2025) | 4.0% | Bhubaneswar, Odisha, India | |||
| Godawari Power and Ispat Limited | ₹5,471.71 Cr (FY 2025) | -1.0% | Raipur, Chhattisgarh, India | |||
| Shri Bajrang Power and Ispat Limited | ₹5,243.25 Cr (FY 2025) | 2.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of JSW Ispat Special Products Limited, buy the company report.
Auditor
JSW Ispat Special Products Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2022 | 117366W | W-100018 |
Shareholding
The shareholding of JSW Ispat Special Products Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of JSW Ispat Special Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2021 | 100514117 | State Bank of India | ₹40 Cr | Satisfied | |
| 18 Aug 2015 | 10588249 | Axis Bank Ltd. | ₹33 Cr | Satisfied | |
| 22 Jun 2015 | 10579683 | Sbicap Trustee Company Limited | ₹1,682.66 Cr | Satisfied | |
| 22 Jun 2015 | 10580553 | Sbicap Trustee Company Limited | ₹1,586.86 Cr | Satisfied | |
| 31 Mar 2015 | 10562943 | Axis Bank Ltd. | ₹17 Cr | Satisfied |
To see the full charge records of JSW Ispat Special Products Limited, buy the company report.
Total charge records: 114 View all charges
Deals & funding
JSW Ispat Special Products Limited has 74 deals on record (35 market trades, 26 funding rounds, 13 secondary share transfers), with disclosed funding of ₹2,576.14 Cr; the latest was in August 2023.
Deals on record (5 of 74)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Market trade | ₹17.79 Cr | Buyer: Uti Mutual Fund Seller: Globe Capital Market Limited |
| Aug 2023 | Market trade | ₹18.9 Cr | Buyer: Globe Capital Market Limited Seller: Globe Capital Market Limited |
| Aug 2023 | Market trade | ₹26.06 Cr | Buyer: Globe Capital Market Limited Seller: Globe Capital Market Limited |
| Aug 2023 | Market trade | ₹29.4 Cr | Buyer: Globe Capital Market Limited , Pashupati Capital Services Private Limited Seller: Globe Capital Market Limited , Pashupati Capital Services Private Limited |
| Jun 2021 | Market trade | ₹9.52 Cr | Seller: Tikri Management Private Limited |
To see the full deal history of JSW Ispat Special Products 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
JSW Ispat Special Products Limited has 258 court cases on record: 109 filed by JSW Ispat Special Products, 149 filed against it. 30 cases are pending and 228 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 170 | 91 | 17 |
| Supreme Court | 51 | 32 | 8 |
| District courts | 32 | 21 | 2 |
| NCLAT | 4 | 4 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 258)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S Kumar Casting Pvt. Ltd. | Pending |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by M/S. Excello Fin Lea Limited Authorised Representative 46, B.B. Ganguly Street 1St Floor, Room No. 4 , District: . ,Kolkata , West Bengal | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Tirumala Balaji Alloys Private Limited Authorized Signatory Vijay Sharma 11/1, Camac Street, 3Rd Floor, ,Kolkata , West Bengal | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Gail (India) Ltd. Authorised Representative E and P Department, 16Th Floor, Jubilee Tower, B-35 and 36, Sector-1, Noida ,Noida , Uttar Pradesh | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Bharat Heavy Electricals Limited Director Office Complex Lodhi Road , District: New Delhi ,New Delhi , Delhi | Pending |
To see the full case history of JSW Ispat Special Products 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
JSW Ispat Special Products Limited was last rated by Care on 07 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jun 2022 |
To see the full credit ratings and regulatory alerts of JSW Ispat Special Products Limited, buy the company report.
MSME payment delays
JSW Ispat Special Products Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 282 overdue payments to 63 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 63)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SVB Bearings Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Hytekimp Private Limited |
To see the full MSME payment records of JSW Ispat Special Products Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
JSW Ispat Special Products has 2 subsidiary companies and 4 joint ventures. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Monnet Cement Limited | U26941DL2007PLC170880 | |
| Mivaan Steels Limited | U27100MH2021PLC371388 |
To see the full group structure of JSW Ispat Special Products Limited, buy the company report.
Employees & EPFO
JSW Ispat Special Products Limited has a workforce of 889 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
GST
JSW Ispat Special Products has 25 GST registrations: 12 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM0501D2Z9 | Maharashtra | Active | 06 Feb 2019 |
| 20AAACM0501D1ZO | Jharkhand | Active | 01 Jul 2017 |
| 21AAACM0501D1ZM | Odisha | Active | 01 Jul 2017 |
| 22AAACM0501D1ZK | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of JSW Ispat Special Products Limited, buy the company report.
Recent activity
JSW Ispat Special Products Limited has 71 board changes on record since 1990: 39 appointments and 32 cessations. The latest: Aditya Gupta was appointed as Director on 17 Jan 2023.
344 earlier events are in the company report.
Frequently asked questions
JSW Ispat Special Products has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
JSW Ispat Special Products was a public limited company based in Mumbai, Maharashtra, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 February 1990 and is registered under CIN L02710MH1990PLC363582. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
JSW Ispat Special Products was incorporated on 01 February 1990. It is registered with the Registrar of Companies, Mumbai.
JSW Ispat Special Products had 7 directors:
- Paresh Shah - Whole-Time Director
- Anuradha Ambar Bajpai - Director
- Jyotin Kantilal Mehta - Director
- Krishna Deshika - Director
- Nikhil Omprakash Gahrotra - Director
- Naresh Kumar Hashmat Rai Lalwani - Director
- Aditya Gupta - Director
The CIN (Corporate Identification Number) of JSW Ispat Special Products is L02710MH1990PLC363582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JSW Ispat Special Products is recorded as a listed company by MCA, but its shares were delisted from BSE on 28 Mar 2024 · merger, and no longer trade on a stock exchange.
The registered office of JSW Ispat Special Products is at Jsw Center Bandra Kurla Complex East, India, Mumbai, Maharashtra, India – 400051.
JSW Ispat Special Products can be reached through the website aionjsw.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of JSW Ispat Special Products on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 18 July 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of JSW Ispat Special Products is 27AAACM0501D2Z9, registered in Maharashtra. The company has 25 GST registrations in all, of which 12 are active and 13 are cancelled or inactive. Other active GSTINs include 20AAACM0501D1ZO (Jharkhand), 21AAACM0501D1ZM (Odisha), 22AAACM0501D1ZK (Chhattisgarh).
JSW Ispat Special Products operated in the metals and minerals industry, in the steel manufacturing and processing segment.
JSW Ispat Special Products has 74 deals on record (35 market trades, 26 funding rounds, 13 secondary share transfers), with disclosed funding of ₹2,576.14 Cr; the latest was in August 2023.