About Rayen Steels Private Limited
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Rayen Steels Private Limited is a private limited company based in Bellary, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02710KA2005PTC035720. Its GSTIN is 29AACCR9591A1Z5 (Karnataka).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Ashish Kumar Agarwal and Anand Kumar Agarwal.
Its last annual general meeting (AGM) was held on 18 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sy.No. 1115D 1115E Haraginadoni Road Veni Veerapur Cross, Bellary, Karnataka, India – 583104.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.87 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹23.92 Lakh (net margin 0.2%) and EBITDA of ₹4.86 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
The company has about 106 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹14.9 Cr on record. Court records list 60 cases involving the company, including 10 filed by the company and 50 filed against it; 6 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 rayensteels.com.
Company details
Contact details
Rayen Steels Private Limited's registered office is in Bellary, Karnataka. Its website is rayensteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy.No. 1115D 1115E Haraginadoni Road Veni Veerapur Cross, Bellary, Karnataka, India – 583104
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Rayen 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 Rayen Steels 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 Rayen Steels Private Limited, buy the company report.
Financials of Rayen Steels Private Limited
FY 2025 filings availableRayen Steels Private Limited reported revenue of ₹125.87 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 32% 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 | ₹4.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.92 Lakh | ||||
| Balance Sheet | |||||
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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 | 3.9% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Rayen Steels Private Limited, buy the company report.
Board of directors of Rayen Steels Private Limited
Rayen Steels has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Kumar Agarwal Also directs: Texcon Steels Limited, Anand Shree Steels Private Limited, Bilasraika Sponge Iron India Private Limited and 5 more | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Anand Kumar Agarwal Also directs: Texcon Steels Limited, Anand Shree Steels Private Limited, Anand Ispat Udyog Limited. and 3 more | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Sharad Agarwal Also directs: Texcon Steels Limited, Anand Ispat Udyog Limited., Anand Metallics and Power Private Limited and 4 more | Additional Director | 01 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Rayen Steels Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| L N Metallics Private Limited | ₹126.61 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Tarun International Limited | ₹126.32 Cr (FY 2025) | 7.0% | Delhi, India | |||
| M.I. Alloys Private Limited | ₹126.12 Cr (FY 2025) | 23.0% | Ahmedabad, Gujarat, India | |||
| Mangal Steel Enterprises Ltd | ₹125.95 Cr (FY 2025) | 4.0% | Howrah, West Bengal, India | |||
| Rayen Steels Private Limitedthis company | ₹125.87 Cr (FY 2025) | ₹23.92 Lakh | 0.2% | -41.0% | 106 | Bellary, Karnataka, India |
| Shardashree Ispat Limited | ₹125.73 Cr (FY 2025) | 14.0% | Nagpur, Maharashtra, India | |||
| Mahadeva Steel Mills Private Limited | ₹125.69 Cr (FY 2025) | 36.0% | Kolkata, West Bengal, India | |||
| Shivam Structural and Steel Private Limited | ₹125.65 Cr (FY 2025) | -13.0% | Raipur, Chhattisgarh, India | |||
| Ess Ess Steel Castings and Rolling Mills Private Limited | ₹125.36 Cr (FY 2025) | 13.0% | Punjab, India |
To see the full peer comparison of Rayen Steels Private Limited, buy the company report.
Auditor
Rayen Steels Private Limited is audited by RAKESH S JAI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESH S JAI & ASSOCIATES | FY 2023 | 010129S |
Shareholding
The shareholding of Rayen Steels 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rayen Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2020 | 100393708 | Hdfc Bank Limited | ₹31 Cr | Open | |
| 15 Feb 2017 | 100080590 | Others | ₹2 Cr | Satisfied | |
| 17 Jun 2010 | 10233228 | Andhra Bank | ₹90 Lakh | Satisfied | |
| 01 Oct 2005 | 80035114 | Others | ₹12 Cr | Satisfied |
To see the full charge records of Rayen Steels Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Rayen Steels Private Limited has 60 court cases on record: 10 filed by Rayen Steels, 50 filed against it. 6 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 41 | 4 |
| High courts | 9 | 5 | 0 |
| NCLAT | 4 | 4 | 2 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Xindia Steels Limited | Pending |
| District court, KOPPAL, Karnataka | Court case (COM.O.S) | Filed against the company by M/S SRC Chemicals Pvt., Ltd., Having Its Corporate Office 3A and B, Archiest Court, | Disposed |
| District court, BALLARI, Karnataka | Court case (COM.O.S.) | Filed against the company by M/S SRC Chemicals Pvt Ltd Allanagara Koppal Taluk R/By Its Director Sri Sunil Lakhotia | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S. Xindia Steels Limited | Disposed |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company by M/S SRC Chemicals Pvt Ltd, Pune, Maharastra Br.Office at Allanagar,R/By Its Director Sunil Lokhotia | Disposed |
To see the full case history of Rayen 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.
Credit ratings & regulatory alerts
Rayen Steels Private Limited was last rated by Care on 01 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Aug 2022 |
To see the full credit ratings and regulatory alerts of Rayen Steels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rayen Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rayen Steels Private Limited has a workforce of 106 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Rayen Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCR9591A1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rayen Steels Private Limited, buy the company report.
Recent activity
Rayen Steels Private Limited has 15 board changes on record since 2013: 3 appointments and 12 cessations. The latest: Ramalingaraju Prabhu ceased to be Director on 23 Dec 2021.
15 earlier events are in the company report.
Frequently asked questions
Rayen Steels is an active private limited company based in Bellary, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 March 2005 (21+ years old) and is registered under CIN U02710KA2005PTC035720.
Rayen Steels has 3 current directors:
- Ashish Kumar Agarwal - Director
- Anand Kumar Agarwal - Director
- Sharad Agarwal - Additional Director
The latest financial statements of Rayen Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rayen Steels is 29AACCR9591A1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Rayen Steels is U02710KA2005PTC035720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rayen Steels has 60 court cases on record: 10 filed by the company and 50 filed against it. 6 are pending. Most are in the district courts.
Rayen Steels was incorporated on 01 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rayen Steels by revenue are L N Metallics Private Limited, Tarun International Limited, M.I. Alloys Private Limited, Mangal Steel Enterprises Ltd, Shardashree Ispat Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Ramalingaraju Prabhu ceased to be Director on 23 Dec 2021. Rameshraju Kaju ceased to be Director on 23 Dec 2021. Sagi Prabhu Sandeep Raju ceased to be Director on 31 Mar 2020. Rayen Steels has 15 board changes on record in total.
Rayen Steels can be reached through the website rayensteels.com. Its registered office is in Bellary, Karnataka, India.
The registered office of Rayen Steels is at Sy.No. 1115D 1115E Haraginadoni Road Veni Veerapur Cross, Bellary, Karnataka, India – 583104.
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