About Basai Steels and Power Private Limited
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Basai Steels and Power Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U27109TG2002PTC038411. Its GSTIN is 36AACCB5351J1ZP (Telangana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹128 Cr and a paid-up capital of ₹117.92 Cr. It was formerly known as Basai Steels Private Limited. It is led by directors including Arun Kumar Chitgopker and Vishal Jain.
Its last annual general meeting (AGM) was held on 29 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.53 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹5.4 Cr (net margin -119.2%) and EBITDA of ₹4.25 Cr (EBITDA margin 93.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 50% over five years.
The company has about 64 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹575.11 Cr and satisfied charges of ₹287.58 Cr on record. Court records list 86 cases involving the company, including 16 filed by the company and 70 filed against it; 5 cases are pending. The company has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹145.99 Cr; the latest was in November 2024. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Lesokart Industries Private Limited with revenue of ₹4.56 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 basaisteels.com.
Company details
CIN history
Basai Steels and Power has one previous CIN (Corporate Identification Number): U27109AP2002PTC038411. The current CIN is U27109TG2002PTC038411, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109TG2002PTC038411 | Current |
| U27109AP2002PTC038411 | Previous |
Contact details
Basai Steels and Power Private Limited's registered office is in Hyderabad, Telangana. Its website is basaisteels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA 23/5 & 6 Apie 3rd Floor, Balanagar, Hyderabad, Telangana, India – 500037
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Basai Steels and Power 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 Basai Steels and Power 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 Basai Steels and Power Private Limited, buy the company report.
Financials of Basai Steels and Power Private Limited
FY 2025 filings availableBasai Steels and Power Private Limited reported revenue of ₹4.53 Cr (down 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 50% fall in the latest year. EBITDA fell 19% 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 | ₹4.25 Cr | ||||
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| Net Profit (PAT) | -₹5.4 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 | 93.7% | ||||
| Net Profit Margin | -119.2% | ||||
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To see the full financial statements and ratios of Basai Steels and Power Private Limited, buy the company report.
Board of directors of Basai Steels and Power Private Limited
Basai Steels and Power has 9 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Sharaff | Additional Director | 07 Apr 2025 | 1 Years 7 Months | Current |
| Arun Kumar Chitgopker | Director | 02 May 2018 | 8 Years 6 Months | Current |
| Vishal Jain Also directs: Shakuntalam Steels and Alloys Private Limited | Director | 02 May 2018 | 8 Years 6 Months | Current |
| Sukanya Acharya Also directs: Juris Emeralds LLP, A-One Gold Pipes and Tubes Private Limited, Vanya Steels Private Limited and 1 more | Director | 07 Aug 2025 | 1 Years 3 Months | Current |
| Koneru Ravishanker | Director | 08 Jul 2020 | 6 Years 4 Months | Current |
| Ashutosh | Additional Director | 17 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Basai Steels and Power Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Lesokart Industries Private Limited | ₹4.56 Cr (FY 2023) | -18.0% | Aurangabad, Maharashtra, India | |||
| Aakash Cables Private Limited | ₹4.56 Cr (FY 2025) | -1.0% | Raipur, Chhattisgarh, India | |||
| Systematic Steel Industries Private Limited | ₹4.55 Cr (FY 2024) | 103.0% | W.E.F. 25/12 2001, Maharashtra, India | |||
| Basai Steels and Power Private Limitedthis company | ₹4.53 Cr (FY 2025) | -₹5.4 Cr | -119.2% | -50.0% | 64 | Hyderabad, Telangana, India |
| Kulkarni Steel Furniture Private Limited | ₹4.53 Cr (FY 2025) | -8.0% | Kolhapur, Maharashtra, India | |||
| Matchless Forgings Private Limited | ₹4.52 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| Poonya Steel Processors Private Limited | ₹4.5 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Basai Steels and Power Private Limited, buy the company report.
Auditor
Basai Steels and Power Private Limited is audited by SANDEEP JHAWAR & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEP JHAWAR & ASSOCIATES | FY 2021 | 011622S |
Shareholding
The shareholding of Basai Steels and Power Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Basai Steels and Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2025 | 101114499 | Others | ₹100 Cr | Open | |
| 19 Oct 2010 | 10254073 | Punjab National Bank | ₹239.61 Cr | Open | |
| 13 Jan 2010 | 10205349 | Asrec (India) Limited | ₹95 Cr | Open | |
| 09 Dec 2009 | 10192116 | Punjab National Bank | ₹- | Open | |
| 19 Sep 2008 | 10124029 | Punjab National Bank | ₹140.5 Cr | Open |
To see the full charge records of Basai Steels and Power Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Basai Steels and Power Private Limited has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹145.99 Cr; the latest was in November 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Funding round | ₹51.69 Cr | Investors: A One Steels India Private Limited, Edelweiss Asset Reconstruction Company Limited , an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Prem Enterprises, an individual Seller: Edelweiss Asset Reconstruction Company Limited |
| Mar 2019 | Funding round | ₹3.96 Cr | Investors: Edelweiss Asset Reconstruction Company Limited , Prem Enterprises, Syndicate Bank, an individual |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Prem Enterprises Seller: 4 individuals |
| Jun 2018 | Funding round | ₹2.98 Cr | Investors: Prem Enterprises, Edelweiss Asset Reconstruction Company Limited , Syndicate Bank, an individual |
To see the full deal history of Basai Steels and Power 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
Basai Steels and Power Private Limited has 86 court cases on record: 16 filed by Basai Steels and Power, 70 filed against it. 5 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 52 | 3 |
| High courts | 24 | 12 | 1 |
| Supreme Court | 3 | 2 | 0 |
| NCLT | 2 | 2 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BALLARI, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Edelweiss Asset Reconstruction Company Limited. and 2 others | Disposed |
| High Court, KARNATAKA | Court case (RP) | Filed against the company by M/S Janki Corp. Ltd, Iron and Steel Division | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by M/S. Gobins India Engineering Pvt. Ltd and 1 other | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Magnifico Traders Pvt Ltd | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Gobins India Engineering Pvt Ltd Representated by Its MD Mr. Binu S. Gopinath Tmc/X/161/31, P.J. Tower, Government Engineering College (Post) , , Kerala | Disposed |
To see the full case history of Basai Steels and Power 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Basai Steels and Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Basai Steels and Power Private Limited has a workforce of 64 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Basai Steels and Power has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCB5351J1ZP | Telangana | Active | 01 Jul 2017 |
| 29AACCB5351J1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Basai Steels and Power Private Limited, buy the company report.
Recent activity
Basai Steels and Power Private Limited has 22 board changes on record since 2009: 9 appointments and 13 cessations. The latest: Kamaldeep Singh ceased to be Additional Director on 28 Dec 2025.
74 earlier events are in the company report.
Frequently asked questions
Basai Steels and Power is an active private limited company based in Hyderabad, Telangana, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 January 2002 (24+ years old) and is registered under CIN U27109TG2002PTC038411.
Basai Steels and Power has 9 current directors:
- Anand Sharaff - Additional Director
- Arun Kumar Chitgopker - Director
- Vishal Jain - Director
- Sukanya Acharya - Director
- Koneru Ravishanker - Director
- Ashutosh - Additional Director
- Kamaldeep Singh - Director
- Pardeep Garg - Director
- Ved Prakash Jallan Rakesh Jallan - Director
The latest financial statements of Basai Steels and Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Basai Steels and Power is 36AACCB5351J1ZP, registered in Telangana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCB5351J1ZK (Karnataka).
The CIN (Corporate Identification Number) of Basai Steels and Power is U27109TG2002PTC038411. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basai Steels and Power has 86 court cases on record: 16 filed by the company and 70 filed against it. 5 are pending. Most are in the district courts.
Basai Steels and Power was incorporated on 29 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Hyderabad.
Basai Steels and Power has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹145.99 Cr; the latest was in November 2024.
The peers of Basai Steels and Power by revenue are Lesokart Industries Private Limited, Aakash Cables Private Limited, Systematic Steel Industries Private Limited, Kulkarni Steel Furniture Private Limited, Matchless Forgings Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Kamaldeep Singh ceased to be Additional Director on 28 Dec 2025. Sukanya Acharya ceased to be Additional Director on 28 Dec 2025. Anand Sharaff ceased to be CFO on 27 Nov 2025. Basai Steels and Power has 22 board changes on record in total.
Basai Steels and Power can be reached through the website basaisteels.com. Its registered office is in Hyderabad, Telangana, India.
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