Mono Steel (India) Limited
About Mono Steel (India) Limited
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Mono Steel (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27106MH1992PLC065934. Its GSTIN is 27AADCM3137C2ZU (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹13 Cr. It was formerly known as Mono Steel Limited and Mono Steels (India) Limited. It is led by directors including Bhupatbhai Mavjibhai Shah (Managing Director) and Jayant Shah Popatlal.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,387.73 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹7.42 Cr (net margin 0.5%) and EBITDA of ₹49.33 Cr (EBITDA margin 3.6%).
As per MCA filings, the company has open charges of ₹921.5 Cr and satisfied charges of ₹1,109.86 Cr on record. Court records list 93 cases involving the company, including 20 filed by the company and 73 filed against it; 26 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.71 Cr; the latest was in March 2018. Its 4 peer companies in the Metals and Minerals industry (Solar Power, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 1 smaller; the largest is Ambashakti Industries Limited with revenue of ₹1,406.19 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Mono Steel (India) has undergone 2 name changes throughout its history. The company was previously known as Mono Steel Limited, and Mono Steels (India) Limited. The current legal name is Mono Steel (India) Limited.
| Company Name | Status |
|---|---|
| Mono Steel (India) Limited | Current |
| Mono Steel Limited | Previous |
| Mono Steels (India) Limited | Previous |
CIN history
Mono Steel (India) has one previous CIN (Corporate Identification Number): U27106MH1992PTC065934. The current CIN is U27106MH1992PLC065934, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106MH1992PLC065934 | Current |
| U27106MH1992PTC065934 | Previous |
Contact details
Mono Steel (India) Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address105 1st Floor Batliboy House 59/61 Nagdevi Cross Road Off Abdul Rehma, N Street, Mumbai, Maharashtra, India – 400003
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Mono Steel (India) 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 Mono Steel (India) are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products and electric power generation, transmission and distribution. 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 | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Mono Steel (India) Limited, buy the company report.
Financials of Mono Steel (India) Limited
FY 2025 filings availableMono Steel (India) Limited reported revenue of ₹1,387.73 Cr (down 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year. EBITDA rose 10% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,387.73 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹49.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.42 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Mono Steel (India) Limited, buy the company report.
Board of directors of Mono Steel (India) Limited
Mono Steel (India) has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Shah Popatlal Also directs: Navkaar Ispat Limited | Director | 08 Apr 2016 | 10 Years 7 Months | Current |
| Rahul Kumar Singh Also directs: Navkaar Ispat Limited, Genext Steels Limited | Director | 12 Sep 2024 | 2 Years 2 Months | Current |
| Bhupatbhai Mavjibhai Shah Also directs: Maa Amba Healthcare Foundation | Managing Director | 05 Oct 2010 | 16 Years 1 Months | Current |
| Sangeeta Dharmendra Shah | Director | 17 Jul 2015 | 11 Years 3 Months | Current |
| Jaisukhbhai Mavjibhai Shah | Director | 21 Jan 2005 | 21 Years 9 Months | Current |
| Nimesh Jethava Also directs: Navkaar Ispat Limited, Genext Steels Limited | Director | 05 Jul 2025 | 1 Years 4 Months | Current |
Peer comparison
Mono Steel (India) Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Solar Power, 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 |
|---|---|---|---|---|---|---|
| Ambashakti Industries Limited | ₹1,406.19 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Ambica Steels Limited | ₹1,403.14 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Magadh Industries Private Limited | ₹1,400.61 Cr (FY 2025) | 9.0% | Patna, Bihar, India | |||
| Mono Steel (India) Limitedthis company | ₹1,387.73 Cr (FY 2025) | ₹7.42 Cr | 0.5% | -20.0% | Mumbai, Maharashtra, India | |
| Posco India Delhi Steel Processing Centre Private Limited | ₹1,375.5 Cr (FY 2017) | 7.0% | Bawal, Haryana, India |
To see the full peer comparison of Mono Steel (India) Limited, buy the company report.
Auditor
Mono Steel (India) Limited is audited by VRCA & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VRCA & Associates | FY 2025 | 104727W |
Shareholding
The shareholding of Mono Steel (India) Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mono Steel (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2026 | 101337958 | Axis Bank Limited | ₹5.2 Cr | Open | |
| 29 Jun 2026 | 101343791 | Hdfc Bank Limited | ₹5.19 Cr | Open | |
| 21 Apr 2026 | 101277012 | Hdfc Bank Limited | ₹54.95 Lakh | Open | |
| 02 Apr 2026 | 101272112 | Hdfc Bank Limited | ₹1.27 Cr | Open | |
| 11 Feb 2026 | 101241615 | Hdfc Bank Limited | ₹2.55 Cr | Open |
To see the full charge records of Mono Steel (India) Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Mono Steel (India) Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.71 Cr; the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Jan 2007 | Funding round | ₹10.71 Cr | Investors: Dalkan Ship Breaking Limited , Am Ispat Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mono Steel (India) Limited has 93 court cases on record: 20 filed by Mono Steel (India), 73 filed against it. 26 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 67 | 60 | 17 |
| High courts | 23 | 10 | 7 |
| Supreme Court | 3 | 3 | 2 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Astral Freight Forwarders P Ltd | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Astral Freight Forwarders (P) Ltd. | Pending |
| District court, Bhavnagar, Gujarat | Court case (RCA) | Filed by the company against Paschim Gujarat Vij Company Ltd - Bhavnagar Rural and 2 others | Pending |
| Supreme Court | Court case (1815-Ordinary Civil Matters : Matters relating to Electricity Dispute(connection/disconnection etc)) | Filed against the company by Executive Engineer (Rural Division) Executive Engineer (Rural Division) Paschim Gujarat Vij Co. Ltd. Waghwadi Road, Bhavnanagar ,Bhavnagar , Gujarat and 1 other | Disposed |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed by the company against M/S Nayraa Tradelinks Pvt Ltd and 2 others | Disposed |
To see the full case history of Mono Steel (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mono Steel (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mono Steel (India) has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM3137C2ZU | Maharashtra | Active | 13 Sep 2023 |
| 24AADCM3137C1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AADCM3137C1DA | Gujarat | Active | 24 Oct 2024 |
To see the full GST registrations and return filing status of Mono Steel (India) Limited, buy the company report.
Recent activity
Mono Steel (India) Limited has 11 board changes on record since 2005: 6 appointments and 5 cessations. The latest: Nimesh Jethava was appointed as Director on 05 Jul 2025.
62 earlier events are in the company report.
Frequently asked questions
Mono Steel (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 March 1992 (34+ years old) and is registered under CIN U27106MH1992PLC065934.
Mono Steel (India) has 6 current directors:
- Bhupatbhai Mavjibhai Shah - Managing Director
- Jayant Shah Popatlal - Director
- Rahul Kumar Singh - Director
- Sangeeta Dharmendra Shah - Director
- Jaisukhbhai Mavjibhai Shah - Director
- Nimesh Jethava - Director
The latest financial statements of Mono Steel (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mono Steel (India) is 27AADCM3137C2ZU, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCM3137C1Z1 (Gujarat), 24AADCM3137C1DA (Gujarat).
The CIN (Corporate Identification Number) of Mono Steel (India) is U27106MH1992PLC065934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mono Steel (India) has 93 court cases on record: 20 filed by the company and 73 filed against it. 26 are pending. Most are in the district courts.
Mono Steel (India) was incorporated on 16 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Mono Steel (India) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.71 Cr; the latest was in March 2018.
The peers of Mono Steel (India) by revenue are Ambashakti Industries Limited, Ambica Steels Limited, Magadh Industries Private Limited, Posco India Delhi Steel Processing Centre Private Limited, all in the Metals and Minerals industry (Solar Power, Steel), with the same principal business activity (metal and metal products).
Nimesh Jethava was appointed as Director on 05 Jul 2025. Rahul Kumar Singh was appointed as Director on 12 Sep 2024. Arpit Pareshkumar Vora ceased to be Additional Director on 30 Nov 2021. Mono Steel (India) has 11 board changes on record in total.
The registered office of Mono Steel (India) is at 105 1st Floor Batliboy House 5961 Nagdevi Cross Road Off Abdul Rehma, N Street, Mumbai, Maharashtra, India – 400003.
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