About Mitsun Steels Private Limited
Data last updated:
Mitsun Steels Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 03 May 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27109KA1989PTC010052. Its GSTIN is 29AABCM1699P1ZN (Karnataka).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors Sunil Kasturchand Damani (Managing Director) and Sangeeta Damani.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor Property No 462 Sri Krishna Temple Road Indiranagar 1st Stage, Bengaluru, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,548.23 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹33.31 Cr (net margin 2.2%) and EBITDA of ₹56.65 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 38% over five years.
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 59 cases involving the company, including 47 filed by the company and 12 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mitsun.com.
Company details
Contact details
Mitsun Steels Private Limited's registered office is in Bengaluru, Karnataka. Its website is mitsun.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Property No 462 Sri Krishna Temple Road Indiranagar 1st Stage, Bengaluru, Karnataka, India – 560038
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Mitsun Steels 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 Mitsun Steels is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Mitsun Steels Private Limited, buy the company report.
Financials of Mitsun Steels Private Limited
FY 2025 filings availableMitsun Steels Private Limited reported revenue of ₹1,548.23 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 26% growth in the latest year. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹56.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.31 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 | 3.7% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Mitsun Steels Private Limited, buy the company report.
Board of directors of Mitsun Steels Private Limited
Mitsun Steels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kasturchand Damani Also directs: Pelagic Outdoor Equipment and Services Private Limited, Saya Motors Private Limited, Nibral Steel Private Limited and 1 more | Managing Director | 03 May 1989 | 37 Years 5 Months | Current |
| Sangeeta Damani Also directs: Nibral Steel Private Limited, Navbharat Global Services Private Limited, Highland Blossoms Private Limited and 1 more | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
Auditor
Mitsun Steels Private Limited is audited by Prakash Chand & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prakash Chand & Co | FY 2024 | 002728S |
Shareholding
The shareholding of Mitsun Steels Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mitsun Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2010 | 10265375 | Icici Bank Limited | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Mitsun Steels Private Limited has 59 court cases on record: 47 filed by Mitsun Steels, 12 filed against it. 7 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 9 | 7 |
| High courts | 7 | 3 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Ozone Infra Developers Pvt Ltd and Anr | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Italix Living Spaces Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by M/S Italix Living Spaces Private Limited, Rep. by Its Director and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by M/S Ozone Infra Developers Private Limited, Rep. by Its Director and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Augmentix Engineering Pvt Ltd | Disposed |
To see the full case history of Mitsun Steels 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 Mitsun Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mitsun Steels has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nibral Steel Private Limited | U51909KA2018PTC117382 |
To see the full group structure of Mitsun Steels Private Limited, buy the company report.
Employees & EPFO
Mitsun Steels Private Limited has a workforce of 32 employees on its EPFO records as of Dec 06, 2024, across 1 active EPFO establishment.
GST
Mitsun Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM1699P1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mitsun Steels Private Limited, buy the company report.
Recent activity
Mitsun Steels Private Limited has 3 board changes on record since 1989: 2 appointments and 1 cessation. The latest: Sangeeta Damani was appointed as Director on 01 Sep 2014.
Frequently asked questions
Mitsun Steels is an active private limited company based in Bengaluru, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 03 May 1989 (37+ years old) and is registered under CIN U27109KA1989PTC010052.
Mitsun Steels has 2 current directors:
- Sunil Kasturchand Damani - Managing Director
- Sangeeta Damani - Director
The latest financial statements of Mitsun Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mitsun Steels is 29AABCM1699P1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Mitsun Steels is U27109KA1989PTC010052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitsun Steels has 59 court cases on record: 47 filed by the company and 12 filed against it. 7 are pending. Most are in the district courts.
Mitsun Steels was incorporated on 03 May 1989, making it 37+ years old. It is registered with the Registrar of Companies, Bangalore.
Sangeeta Damani was appointed as Director on 01 Sep 2014. Somil Kumar Mittal ceased to be Director on 01 Sep 2014. Sunil Kasturchand Damani was appointed as Managing Director on 03 May 1989.
Mitsun Steels can be reached through the website mitsun.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Mitsun Steels is at 2nd Floor Property No 462 Sri Krishna Temple Road Indiranagar 1st Stage, Bengaluru, Karnataka, India – 560038.