About Sar Ispat Private Limited
Data last updated:
Sar Ispat Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 January 1998.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27101TN1998PTC102002. Its GSTIN is 33AABCS5915L2Z8 (Tamil Nadu). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.57 Cr. It is led by directors including Vikrant Sharma and Sanjay Kumar Sharma.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.770 T H Road, Chennai, Tamil Nadu, India – 600081.
As per the financials filed for FY 2018, the company reported a revenue of ₹174.62 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 0.6%) and EBITDA of ₹4.99 Cr (EBITDA margin 2.9%).
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹69.31 Cr and satisfied charges of ₹3 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 2 cases are pending.
The last known website on record is aksindustries.com.
Company details
CIN history
Sar Ispat has one previous CIN (Corporate Identification Number): U27101DL1998PTC091700. The current CIN is U27101TN1998PTC102002, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101TN1998PTC102002 | Current |
| U27101DL1998PTC091700 | Previous |
Contact details
Sar Ispat Private Limited's registered office is in Chennai, Tamil Nadu. Its website is aksindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.770 T H Road, Chennai, Tamil Nadu, India – 600081
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Sar Ispat 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 Sar Ispat 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 Sar Ispat Private Limited, buy the company report.
Financials of Sar Ispat Private Limited
FY 2018 filings availableSar Ispat Private Limited reported revenue of ₹174.62 Cr (up 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA fell 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹174.62 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.99 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.05 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.9% | |||
| Net Profit Margin | 0.6% | |||
| 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 Sar Ispat Private Limited, buy the company report.
Board of directors of Sar Ispat Private Limited
Sar Ispat has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Sharma | Director | 17 Oct 2016 | 10 Years 0 Months | As last reported |
| Sanjay Kumar Sharma Also directs: A.K.S.Infotech Private Limited | Director | 01 Sep 2007 | 19 Years 1 Months | As last reported |
| Sandeep Kothari | Director | 10 Dec 2007 | 18 Years 10 Months | As last reported |
Peer comparison
Sar Ispat Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Prince T M T Steels Private Limited | ₹176.75 Cr (FY 2025) | -11.0% | Palakkad, Kerala, India | |||
| KJ Ispat Limited | ₹176.37 Cr (FY 2025) | -9.0% | Jakhapura, Odisha, India | |||
| Narmada Tubes Private Limited | ₹176.13 Cr (FY 2025) | 109.0% | Ahmedabad, Gujarat, India | |||
| Shree Hari Sponge Private Limited | ₹175.82 Cr (FY 2025) | -3.0% | Rourkela, Odisha, India | |||
| Ranmak Works Private Limited | ₹175.76 Cr (FY 2025) | -29.0% | Kolkata, West Bengal, India | |||
| Sar Ispat Private Limited this company | ₹174.62 Cr (FY 2018) | ₹1.05 Cr | 0.6% | 4.0% | 45 | Chennai, Tamil Nadu, India |
| Chaman Metallics Limited | ₹174.17 Cr (FY 2025) | -9.0% | Tadali, Maharashtra, India | |||
| Shailputri Iron and Steels Private Limited | ₹173.94 Cr (FY 2025) | 31.0% | Giridih, Jharkhand, India | |||
| Minar Ispat Private Limited | ₹173.83 Cr (FY 2025) | -12.0% | Kozhikode, Kerala, India | |||
| A.K. Concast Private Limited | ₹173.75 Cr (FY 2025) | 10.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Sar Ispat Private Limited, buy the company report.
Auditor
Sar Ispat Private Limited is audited by ABHAY JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHAY JAIN & CO | FY 2018 | 000008S |
Shareholding
The shareholding of Sar Ispat Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sar Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2012 | 10396383 | Indian Overseas Bank Kilpauk Branch | ₹42.31 Cr | Open | |
| 08 Dec 2007 | 10077857 | Indian Overseas Bank | ₹27 Cr | Open | |
| 14 Jul 2004 | 90055369 | Oriental Bank of Commerce | ₹3 Cr | Satisfied |
To see the full charge records of Sar Ispat Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Sar Ispat Private Limited has 22 court cases on record: 10 filed by Sar Ispat, 12 filed against it. 2 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 2 |
| High courts | 10 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sonepat, Haryana | Cheque dishonour complaint | Filed against the company by M/S Eastern Bearings Pvt. Ltd | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Prudent Arc Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Balaji Electro Controls Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Balaji Electro Controls Private Limited | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by A.R.B. Bearings Ltd | Disposed |
To see the full case history of Sar Ispat 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 Sar Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sar Ispat Private Limited has a workforce of 45 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sar Ispat has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCS5915L2Z8 | Tamil Nadu | Active | 01 Jul 2017 |
| 34AABCS5915L1Z7 | Puducherry | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sar Ispat Private Limited, buy the company report.
Recent activity
Sar Ispat Private Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Karuppusamy Pillai Ganesan Sreedanusya ceased to be Director on 11 Jun 2019.
11 earlier events are in the company report.
Frequently asked questions
Sar Ispat is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sar Ispat is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 January 1998 and is registered under CIN U27101TN1998PTC102002. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sar Ispat has 3 current directors:
- Vikrant Sharma - Director
- Sanjay Kumar Sharma - Director
- Sandeep Kothari - Director
The latest financial statements of Sar Ispat on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sar Ispat is U27101TN1998PTC102002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sar Ispat has open charges of ₹69.31 Cr and satisfied charges of ₹3 Cr as per latest MCA filings.
Sar Ispat has 22 court cases on record: 10 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Sar Ispat was incorporated on 15 January 1998. It is registered with the Registrar of Companies, Chennai.
The peers of Sar Ispat by revenue are Prince T M T Steels Private Limited, KJ Ispat Limited, Narmada Tubes Private Limited, Shree Hari Sponge Private Limited, Ranmak Works Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Karuppusamy Pillai Ganesan Sreedanusya ceased to be Director on 11 Jun 2019. Rajesh Kumar Jha ceased to be Director on 01 Mar 2017. Sanjay Kumar Sharma ceased to be Additional Director on 01 Feb 2017. Sar Ispat has 15 board changes on record in total.
Sar Ispat can be reached through the website aksindustries.com. Its registered office is in Chennai, Tamil Nadu, India.