Ipi Steel Ltd
About Ipi Steel Ltd
Data last updated:
Ipi Steel Ltd is a public limited company based in Dhenkanal, Odisha, India, a subsidiary of Crackers India(Alloys) Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 February 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR1983PLC001173. Its GSTIN is 21AAACI3966N2ZD (Odisha). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.39 Cr. It is led by directors including Sophina Sahoo and Suprasanna Sahoo.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Company S Factory Sitegundichapada, Dhenkanal, Odisha, India – 759025.
As per the financials filed for FY 2025, the company reported a revenue of ₹17,000, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹51.61 Lakh and EBITDA of -₹13.11 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹78.18 Cr on record. Court records list 45 cases involving the company, including 22 filed by the company and 23 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ipi Steel has one previous CIN (Corporate Identification Number): L27101OR1983PLC001173. The current CIN is U27101OR1983PLC001173, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101OR1983PLC001173 | Current |
| L27101OR1983PLC001173 | Previous |
Contact details
Ipi Steel Ltd's registered office is in Dhenkanal, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCompany S Factory Sitegundichapada, Dhenkanal, Odisha, India – 759025
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ipi Steel Ltd, 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
Financials of Ipi Steel Ltd
FY 2025 filings availableIpi Steel Ltd reported revenue of ₹17,000 (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 15% fall in the latest year. EBITDA rose 99% 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 | -₹13.11 Lakh | ||||
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| Net Profit (PAT) | -₹51.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Ipi Steel Ltd, buy the company report.
Board of directors of Ipi Steel Ltd
Ipi Steel has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sophina Sahoo Also directs: Crackers India Infrastructure Limited, The World Ventures Limited, World Retails Private Limited and 5 more | Director | 18 Nov 2009 | 16 Years 11 Months | Current |
| Suprasanna Sahoo Also directs: Agro Builders Pvt Ltd, GRM Minerals Private Limited, Crackers India Infrastructure Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
| Sonal Sahoo Also directs: Crackers India Infrastructure Limited, World Metal Industries Limited, The World Ventures Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
| Shrinibash Sahoo Also directs: Agro Builders Pvt Ltd, GRM Minerals Private Limited, Crackers India Infrastructure Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
Auditor
Ipi Steel Ltd is audited by Nitin Manek & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nitin Manek & Associates | FY 2023 | 322641E |
Shareholding
The shareholding of Ipi Steel Ltd 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 Ipi Steel Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2017 | 100112163 | Others | ₹5 Cr | Satisfied | |
| 27 Sep 2013 | 10458627 | Axis Bank Limited | ₹2 Cr | Satisfied | |
| 22 Dec 2012 | 10401881 | Srei Equipment Finance Private Limited | ₹10.56 Cr | Satisfied | |
| 15 Dec 2010 | 10259958 | Srei Equipment Finance Private Limited | ₹10 Cr | Satisfied | |
| 15 Jul 2010 | 10228990 | Small Industries Development Bank of India (Sidbi) | ₹4 Cr | Satisfied |
To see the full charge records of Ipi Steel Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ipi Steel Ltd has 45 court cases on record: 22 filed by Ipi Steel, 23 filed against it. 13 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 6 | 3 |
| District courts | 20 | 17 | 10 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, Sundargarh, Orissa | Civil suit | Filed against the company by Epic Alloy Steel Pvt Ltd Represented by Mr. Basudev Mishra | Disposed |
| District court, Sundargarh, Orissa | Court case (1(c)cc) | Filed against the company by Maa Alloys Pvt.Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Disposed |
| High Court | Court case (COPET) | Filed against the company by Sree Metaliks Ltd | Disposed |
To see the full case history of Ipi Steel Ltd, 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 Ipi Steel Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ipi Steel has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACI3966N2ZD | Odisha | Active | 14 Aug 2020 |
To see the full GST registrations and return filing status of Ipi Steel Ltd, buy the company report.
Recent activity
Ipi Steel Ltd has 9 board changes on record since 2006: 4 appointments and 5 cessations. The latest: Chitta Ranjan Rath ceased to be Director on 01 Nov 2020.
13 earlier events are in the company report.
Frequently asked questions
Ipi Steel is an active public limited company based in Dhenkanal, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 February 1983 (43+ years old) and is registered under CIN U27101OR1983PLC001173.
Ipi Steel has 4 current directors:
- Sophina Sahoo - Director
- Suprasanna Sahoo - Director
- Sonal Sahoo - Director
- Shrinibash Sahoo - Director
The latest financial statements of Ipi Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ipi Steel is 21AAACI3966N2ZD, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ipi Steel is U27101OR1983PLC001173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipi Steel has 45 court cases on record: 22 filed by the company and 23 filed against it. 13 are pending. Most are in the high courts.
Ipi Steel was incorporated on 26 February 1983, making it 43+ years old. It is registered with the Registrar of Companies, Cuttack.
Chitta Ranjan Rath ceased to be Director on 01 Nov 2020. Jogen Sahoo Kumar ceased to be Director on 01 Nov 2020. Pramod Kumar Jena ceased to be Director on 01 Nov 2020. Ipi Steel has 9 board changes on record in total.
The registered office of Ipi Steel is at Company S Factory Sitegundichapada, Dhenkanal, Odisha, India – 759025.
Ipi Steel operates in the metals and minerals industry, in the steel manufacturing and processing segment.