MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-30-0002891
Passary Minerals Private Limited - manufacturing in Rourkela, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹101 Cr
▲ 5% YoY
Net profit · FY 2025
₹2 Cr
Net margin 2%
EBITDA · FY 2025
₹3.55 Cr
EBITDA margin 3.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.16 Cr
Issued & subscribed
Open charges
₹9.51 Cr
Satisfied ₹7.17 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
52
Provident fund records
About Passary Minerals Private Limited
Data last updated:
Passary Minerals Private Limited is a private limited company based in Rourkela, Odisha, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 17 October 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR1990PTC002639. Its GSTIN is 21AABCP0611Q1ZO (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.16 Cr. It was formerly known as Passary Minerals P Limited and Passary Minerals Limited. It is led by directors including Pradeep Passary (Managing Director) and Anil Passary.
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 Kachery Road, Rourkela, Odisha, India – 769001.
As per the financials filed for FY 2025, the company reported a revenue of ₹101 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹2 Cr (net margin 2%) and EBITDA of ₹3.55 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 30% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.51 Cr and satisfied charges of ₹7.17 Cr on record. Court records list 24 cases involving the company, including 11 filed by the company and 13 filed against it; 4 cases are pending.
Passary Minerals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-30-0002891). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pasmin.com.
Company details
CIN U27101OR1990PTC002639
Registration Number 002639
Incorporation Date 17 October 1990
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 October 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-30-0002891
Name history
Passary Minerals has undergone 2 name changes throughout its history. The company was previously known as Passary Minerals P Limited, and Passary Minerals Limited. The current legal name is Passary Minerals Private Limited.
| Company Name | Status |
|---|---|
| Passary Minerals Private Limited | Current |
| Passary Minerals P Limited | Previous |
| Passary Minerals Limited | Previous |
CIN history
Passary Minerals has one previous CIN (Corporate Identification Number): U27101OR1990PLC002639. The current CIN is U27101OR1990PTC002639, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101OR1990PTC002639 | Current |
| U27101OR1990PLC002639 | Previous |
Recognitions & Rankings of Passary Minerals
Contact details
Passary Minerals Private Limited's registered office is in Rourkela, Odisha. Its website is pasmin.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressKachery Road, Rourkela, Odisha, India – 769001
- IndustryManufacturing, Construction Materials
To see the full contact details of Passary Minerals Private Limited, buy the company report.
Comprehensive company report
Passary Minerals Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Passary Minerals are manufacturing and professional, scientific and technical. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Passary Minerals Private Limited, buy the company report.
Financials of Passary Minerals Private Limited
FY 2025 filings availablePassary Minerals Private Limited reported revenue of ₹101 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹101 Cr ▲ 5%
Net profit · FY 2025
₹2 Cr margin 2%
EBITDA · FY 2025
₹3.55 Cr margin 3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 32%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▼ 4%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 5% growth in the latest year. EBITDA rose 16% 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 | ₹101 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2 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 | 3.5% | ||||
| Net Profit Margin | 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 Passary Minerals Private Limited, buy the company report.
Board of directors of Passary Minerals Private Limited
Passary Minerals has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Passary Also directs: Agrizona Private Limited, Urvarak Industries Private Limited, Stutex World Private Limited and 1 more | Director | 24 Aug 2021 | 5 Years 1 Months | Current |
| Ramesh Kumar Passary Also directs: Dinanath Agencies Pvt Ltd | Director | 14 Dec 2010 | 15 Years 10 Months | Current |
| Krishna Passary | Director | 17 Oct 1990 | 36 Years 0 Months | Current |
| Pradeep Passary Also directs: Pasmin Realty LLP, Passary Minerals Madhya Private Limited, Refrasynth Minerals India Private Limited and 2 more | Managing Director | 11 Oct 2008 | 18 Years 0 Months | Current |
Auditor
Passary Minerals Private Limited is audited by K D Lath & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K D Lath & Co | FY 2022 | 306011E |
Shareholding
The shareholding of Passary Minerals Private Limited 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 Passary Minerals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.51 Cr
Satisfied charges
₹7.17 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2023 | 100788932 | Bank of India | ₹3.51 Lakh | Open | |
| 15 Sep 2023 | 100788938 | Bank of India | ₹6.94 Lakh | Open | |
| 03 Dec 2022 | 100690812 | Others | ₹24.46 Lakh | Open | |
| 28 Dec 1995 | 90079289 | State Bank of India | ₹65 Lakh | Open | |
| 19 Feb 1994 | 90080764 | State Bank of Inidia | ₹27 Lakh | Open |
To see the full charge records of Passary Minerals Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Passary Minerals Private Limited has 24 court cases on record: 11 filed by Passary Minerals, 13 filed against it. 4 cases are pending and 20 are disposed.
Total cases
24
Filed by the company
11
Filed against the company
13
Pending
4
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 7 | 3 |
| High courts | 8 | 6 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sundargarh, Orissa | Court case (1(c)cc) | Filed by the company against M/S Prathana Vinimay Pvt Ltd and 2 others | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S Mahavir Ferro Alloys Pvt. Ltd. General Manager (PR and Liaison) Satyananda Mishra, Idc, Kalunga Industrial Estate, Kalunga , District: Rourkela ,Sundargarh , Orissa | Pending |
| District court, Sundargarh, Orissa | Court case (EXECUITION CASES) | Filed by the company against M/S Shri Mahavir Ferro Alloys Pvt Ltd | Pending |
| District court, Sundargarh, Odisha | Arbitration matter | Filed against the company by M/S Shri Mahavir Ferro Alloys Pvt Ltd | Disposed |
| District court, Sundargarh, Odisha | Court case (EXECUITION CASES) | Filed by the company against M/S Ankit Metal and Power Limited | Disposed |
To see the full case history of Passary Minerals 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
Passary Minerals Private Limited has 2 MSME Form 1 returns on record between 2016 and 2019, listing 9 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tyco (India)Pvt Ltd | |||
| Katni Minerals Pvt Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Passary Minerals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Passary Minerals Private Limited has a workforce of 52 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
52
Active EPFO establishments
1
Employee growth
1.96%
GST
Passary Minerals has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCP0611Q1ZO | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Passary Minerals Private Limited, buy the company report.
Recent activity
Passary Minerals Private Limited has 8 board changes on record since 1990: 4 appointments and 4 cessations. The latest: Anil Passary was appointed as Director on 24 Aug 2021.
Charges
A charge with State Bank Of India of Rs. 7.97 Cr registered on 06 Jan 1994 with Charge ID 90079149 was modified on 11 Jun 2026.
AGM
Passary Minerals Private Limited last Annual general meeting of members was held on 30 Oct 2025 as per latest MCA records.
Filing
Passary Minerals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Bank Of India amounted to Rs. 0.04 Cr with Charge ID 100788932 was registered on 15 Sep 2023.
Charges
A charge with Bank Of India amounted to Rs. 0.07 Cr with Charge ID 100788938 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.24 Cr with Charge ID 100690812 was registered on 03 Dec 2022.
Appointed
Anil Passary was appointed as Director.
Charges
A charge registered on 25 Jul 2012 via Charge ID 10370962 with Kotak Mahindra Bank Limited was fully satisfied on 02 Mar 2020.
Charges
A charge registered on 24 Jan 2000 via Charge ID 90079723 with Industerial Development Bank Of India was fully satisfied on 17 Jan 2014.
Charges
A charge registered on 24 Jan 2000 via Charge ID 90080986 with Industerial Development Bank Of India was fully satisfied on 17 Jan 2014.
Charges
A charge registered on 26 Sep 1997 via Charge ID 90081805 with Industerial Develovment Bank Of India was fully satisfied on 17 Jan 2014.
Charges
A charge registered on 26 Sep 1997 via Charge ID 90079438 with Industerial Bank Ofindia was fully satisfied on 17 Jan 2014.
25 earlier events are in the company report.
Frequently asked questions
Passary Minerals is an active private limited company based in Rourkela, Odisha, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 17 October 1990 (36+ years old) and is registered under CIN U27101OR1990PTC002639.
Passary Minerals has 4 current directors:
- Pradeep Passary - Managing Director
- Anil Passary - Director
- Ramesh Kumar Passary - Director
- Krishna Passary - Director
The latest financial statements of Passary Minerals 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 Passary Minerals is 21AABCP0611Q1ZO, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Passary Minerals is U27101OR1990PTC002639. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passary Minerals has 24 court cases on record: 11 filed by the company and 13 filed against it. 4 are pending. Most are in the district courts.
Passary Minerals was incorporated on 17 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Cuttack.
Anil Passary was appointed as Director on 24 Aug 2021. Ramesh Kumar Passary was appointed as Director on 14 Dec 2010. Ramesh Kumar Passary ceased to be Director on 15 Sep 2010. Passary Minerals has 8 board changes on record in total.
Yes, Passary Minerals is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-30-0002891).
Passary Minerals has 2 MSME Form 1 returns on record between 2016 and 2019, listing 9 overdue payments to 9 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Passary Minerals can be reached through the website pasmin.com. Its registered office is in Rourkela, Odisha, India.