About The Orissa Minerals Development Company Limited
Data last updated:
The Orissa Minerals Development Company Limited is a public limited union government company based in Bhubaneswar, Odisha, India, a subsidiary of Eastern Investments Ltd. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 16 August 1918 and has been in existence for over 108 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L51430OR1918GOI034390. Its GSTIN is 21AABCT8879J1ZW (Odisha). The company holds 5 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 590086 and NSE: ORISSAMINE.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It is led by directors including Thakidiyil Narayanan Sarasu and Murugesan Saravanan.
Its last annual general meeting (AGM) was held on 18 November 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at C/O Sail Office Ground Floor Plot – 271 Bidyut Marg Unit – IV Shastri Nagar, Bhubaneswar, Odisha, India – 751001.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹94.1 Cr, a growth of 45.6% compared to the previous year. For the same year it recorded a net loss of ₹2.91 Cr (net margin -3.1%) and EBITDA of ₹9.12 Cr (EBITDA margin 9.7%).
As per MCA filings, the company has satisfied charges of ₹346.12 Cr on record. Court records list 91 cases involving the company, including 37 filed by the company and 54 filed against it; 21 cases are pending. The company has 12 deals on record (10 market trades, 2 secondary share transfers); the latest was in April 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website birdgroup.co.in.
Company details
CIN history
The Orissa Minerals Development Company has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51430OR1918GOI034390, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51430OR1918GOI034390 | Current |
| L51430WB1918PLC003026 | Previous |
| L51430WB1918GOI003026 | Previous |
| L51430WB1918SGC003026 | Previous |
Contact details
The Orissa Minerals Development Company Limited's registered office is in Bhubaneswar, Odisha. Its website is birdgroup.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC/O Sail Office Ground Floor Plot – 271 Bidyut Marg Unit – IV Shastri Nagar, Bhubaneswar, Odisha, India – 751001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of The Orissa Minerals Development Company 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
Financials of The Orissa Minerals Development Company Limited
FY 2025-26 filings availableThe Orissa Minerals Development Company Limited reported revenue of ₹94.1 Cr (up 45.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 94.10 | 64.62 | 82.28 | 35.53 | 82.68 | 0.00 | 0.00 |
| Revenue growth | +45.6% | -21.5% | +131.6% | -57.0% | - | - | - |
| EBITDA | 9.12 | (28.47) | 23.07 | (11.51) | 24.82 | (36.35) | (53.63) |
| EBITDA margin | +9.7% | -44.1% | +28.0% | -32.4% | +30.0% | - | - |
| Profit before tax | (5.40) | (48.41) | (5.31) | (27.23) | (13.57) | (52.40) | (48.35) |
| Net profit | (2.91) | (39.73) | 3.28 | (17.62) | (14.11) | (46.23) | (76.37) |
| Net profit margin | -3.1% | -61.5% | +4.0% | -49.6% | -17.1% | - | - |
| EPS (₹) | (4.85) | (67.04) | 4.70 | (27.57) | (24.16) | (66.09) | (127.82) |
| Balance sheet | |||||||
| Total assets | - | 141 | 3.53 | 174 | 356 | 333 | 370 |
| Net worth | - | (51.58) | (10.74) | (12.80) | 3.53 | 18.07 | 57.08 |
| Total debt | - | 186 | 8.77 | 182 | 348 | 312 | 310 |
| Cash & bank | - | 62.52 | 24.72 | 79.68 | 163 | 111 | 162 |
| Net working capital | - | (225) | (212) | (83.04) | 108 | 92.05 | 144 |
| Cash flow | |||||||
| Cash from operations | - | 170 | (25.94) | (60.38) | 102 | (23.41) | (171) |
| Cash from investing | - | (90.03) | 54.70 | 47.98 | (40.74) | 28.21 | 164 |
| Cash from financing | - | (22.41) | (30.61) | (24.43) | (30.01) | (31.73) | (21.45) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.65 | 29.00 | 20.61 | 25.13 | 19.37 | 6.72 | 20.62 | 23.39 |
| Revenue growth (YoY) | +47.9% | +331.6% | -0.1% | +7.4% | +39.7% | -80.2% | - | - |
| Other income | 0.84 | 2.45 | 0.51 | 1.28 | 1.66 | 4.52 | 0.54 | 0.53 |
| Total expenses | 19.62 | 38.34 | 10.23 | 17.93 | 18.48 | 43.26 | 22.64 | 16.69 |
| EBITDA | 9.03 | (9.34) | 10.38 | 7.20 | 0.89 | (36.54) | (2.02) | 6.70 |
| EBITDA margin | +31.5% | -32.2% | +50.4% | +28.7% | +4.6% | -543.8% | -9.8% | +28.6% |
| Depreciation | 0.27 | 0.21 | 0.28 | 0.32 | 0.15 | 2.15 | 0.57 | 0.57 |
| Interest | 4.81 | 4.65 | 4.73 | 4.89 | 5.18 | 5.19 | 6.35 | 5.48 |
| Profit before tax | 4.79 | (11.75) | 5.88 | 3.27 | (2.78) | (39.36) | (8.40) | 1.18 |
| Tax | 1.34 | (4.14) | 1.53 | 0.12 | 0.00 | (7.69) | (0.90) | 0.40 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.65 | 29.00 | 20.61 | 25.13 | 19.37 | 6.72 | 20.62 | 23.39 |
| Revenue growth (YoY) | +47.9% | +331.6% | -0.1% | +7.4% | +39.7% | -80.2% | - | - |
| Other income | 0.84 | 2.45 | 0.51 | 1.28 | 1.66 | 4.52 | 0.54 | 0.53 |
| Total expenses | 19.62 | 38.34 | 10.23 | 17.93 | 18.48 | 43.26 | 22.64 | 16.69 |
| EBITDA | 9.03 | (9.34) | 10.38 | 7.20 | 0.89 | (36.54) | (2.02) | 6.70 |
| EBITDA margin | +31.5% | -32.2% | +50.4% | +28.7% | +4.6% | -543.8% | -9.8% | +28.6% |
| Depreciation | 0.27 | 0.21 | 0.28 | 0.32 | 0.15 | 2.15 | 0.57 | 0.57 |
| Interest | 4.81 | 4.65 | 4.73 | 4.89 | 5.18 | 5.19 | 6.35 | 5.48 |
| Profit before tax | 4.79 | (11.75) | 5.88 | 3.27 | (2.78) | (39.36) | (8.40) | 1.18 |
| Tax | 1.34 | (4.14) | 1.53 | 0.12 | 0.00 | (7.69) | (0.90) | 0.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 94.10 | 64.62 | 82.28 | 35.53 | 82.68 | 0.00 | 0.00 |
| Revenue growth | +45.6% | -21.5% | +131.6% | -57.0% | - | - | - |
| Other income | 5.90 | 6.39 | 7.10 | 10.95 | 6.94 | 17.79 | 29.23 |
| Total expenses | 84.98 | 93.09 | 59.21 | 47.04 | 57.86 | 36.35 | 53.63 |
| Employee cost | 0.00 | 24.00 | 23.49 | 24.92 | 21.38 | 21.58 | 22.53 |
| EBITDA | 9.12 | (28.47) | 23.07 | (11.51) | 24.82 | (36.35) | (53.63) |
| EBITDA margin | +9.7% | -44.1% | +28.0% | -32.4% | +30.0% | - | - |
| Depreciation | 0.97 | 3.92 | 4.87 | 2.24 | 15.33 | 2.11 | 2.50 |
| Interest | 19.45 | 22.41 | 30.61 | 24.43 | 30.00 | 31.73 | 21.45 |
| Profit before tax | (5.40) | (48.41) | (5.31) | (27.23) | (13.57) | (52.40) | (48.35) |
| Tax | (2.49) | (8.18) | (8.13) | (10.68) | 0.92 | (12.76) | 28.33 |
| Net profit | (2.91) | (39.73) | 3.28 | (17.62) | (14.11) | (46.23) | (76.37) |
| Net profit margin | -3.1% | -61.5% | +4.0% | -49.6% | -17.1% | - | - |
| EPS (₹) | (4.85) | (67.04) | 4.70 | (27.57) | (24.16) | (66.09) | (127.82) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 |
| Reserves & surplus | - | (52.18) | (11.34) | (13.40) | 2.93 | 17.47 | 56.48 |
| Shareholders' funds (net worth) | - | (51.58) | (10.74) | (12.80) | 3.53 | 18.07 | 57.08 |
| Secured loans | - | 0.00 | 0.00 | 174 | 0.00 | 278 | 232 |
| Unsecured loans | - | 186 | 8.77 | 8.77 | 348 | 34.00 | 77.50 |
| Total debt | - | 186 | 8.77 | 182 | 348 | 312 | 310 |
| Total liabilities | - | 141 | 3.53 | 174 | 356 | 333 | 370 |
| Assets | |||||||
| Gross block | - | 139 | 178 | 177 | 177 | 155 | 160 |
| Net block | - | 25.24 | 27.68 | 29.00 | 31.27 | 25.10 | 26.94 |
| Capital work in progress | - | 111 | 0.46 | 3.40 | 3.40 | 3.31 | 1.35 |
| Investments | - | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventories | - | 28.07 | 23.78 | 21.82 | 21.35 | 28.03 | 28.13 |
| Sundry debtors | - | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Cash & bank balances | - | 62.52 | 24.72 | 79.68 | 163 | 111 | 162 |
| Loans & advances | - | 81.12 | 77.62 | 36.73 | 34.21 | 35.42 | 37.22 |
| Total current assets | - | 172 | 126 | 138 | 218 | 174 | 227 |
| Total current liabilities | - | 397 | 338 | 221 | 110 | 82.35 | 83.42 |
| Net working capital | - | (225) | (212) | (83.04) | 108 | 92.05 | 144 |
| Total assets | - | 141 | 3.53 | 174 | 356 | 333 | 370 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 4.61 | 6.45 | 43.28 | 12.02 | 38.95 | 68.06 |
| Net cash from operating activities | - | 170 | (25.94) | (60.38) | 102 | (23.41) | (171) |
| Net cash from investing activities | - | (90.03) | 54.70 | 47.98 | (40.74) | 28.21 | 164 |
| Net cash from financing activities | - | (22.41) | (30.61) | (24.43) | (30.01) | (31.73) | (21.45) |
| Net change in cash | - | 57.84 | (1.85) | (36.82) | 31.26 | (26.93) | (29.11) |
| Closing cash | - | 62.52 | 24.72 | 79.68 | 163 | 111 | 162 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +45.6% | -21.5% | +131.6% | -57.0% | - | - | - |
| EBITDA growth | +132.0% | -223.4% | +300.4% | -146.4% | +168.3% | +32.2% | - |
| PBT growth | +88.9% | -811.7% | +80.5% | -100.7% | +74.1% | -8.4% | +92.4% |
| Net income growth | +92.7% | -1311.3% | +118.6% | -24.9% | +69.5% | +39.5% | - |
| Revenue CAGR (3Y) | +38.4% | -7.9% | - | - | - | - | - |
| EBITDA CAGR (3Y) | - | - | - | -40.1% | - | -50.4% | +5.3% |
| Profitability & leverage | |||||||
| Net income margin | -3.1% | -62.3% | +3.4% | -46.6% | -17.5% | - | - |
| Return on capital employed | - | 0.0% | +9.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | +1.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 30.57 | 8.28 | 2.26 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 19.12 | 6.79 | 1.21 |
| Interest cover | 238.65 | -69.19 | 168.19 | -177.67 | 316.12 | -82.50 | -38.21 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.41 | 0.46 | 0.20 | 0.50 | 0.00 | 0.00 |
| Inventory turnover | - | 2.49 | 3.61 | 1.65 | 3.35 | 0.00 | 0.00 |
| Debtors turnover | - | 0.00 | 16,456.00 | 3,553.00 | 16,536.00 | 0.00 | 0.00 |
| EPS (₹) | (4.85) | (67.04) | 4.70 | (27.57) | (24.16) | (66.09) | (127.82) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (85.96) | (17.90) | (21.34) | 5.88 | 30.11 | 95.13 |
To see the full year-wise statements and ratios of The Orissa Minerals Development Company Limited, buy the company report.
Board of directors and KMP of The Orissa Minerals Development Company Limited
The Orissa Minerals Development Company Limited currently reports 7 directors and 1 key managerial person. 57 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thakidiyil Narayanan Sarasu | Director | 15 Apr 2025 | 1 Years 6 Months | Current |
| Murugesan Saravanan | Director | 15 Apr 2025 | 1 Years 6 Months | Current |
| Vasudhachandra Suratkal | Director | 22 Feb 2025 | 1 Years 8 Months | Current |
| Manish Raj Gupta Also directs: The Bisra Stone Lime Company Limited, Eastern Investments Ltd, International Coal Ventures Private Limited and 2 more | Additional Director | 20 Jan 2026 | 0 Years 9 Months | Current |
| Sanginaini Sharad Rao | Nominee Director | 11 Jun 2025 | 1 Years 4 Months | Current |
| Pintu Kumar Biswal Also directs: PHS Corporate Advisory Private Limited | Company Secretary | 28 May 2025 | 1 Years 5 Months | Current |
Auditor
The Orissa Minerals Development Company Limited is audited by O. M. Kejriwal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O. M. Kejriwal & Co | FY 2023 | 314144E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 50.00%, foreign institutional investors hold 0.50%, domestic institutional investors hold 10.90% and retail and other public shareholders hold 38.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 50.00% | 50.00% | 50.00% | 50.00% |
| Public | 50.00% | 50.00% | 50.00% | 50.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2021 | 100472244 | Others | ₹36.12 Cr | Satisfied | |
| 20 Sep 2019 | 100291236 | Others | ₹310 Cr | Satisfied |
To see the full charge records of The Orissa Minerals Development Company Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
The Orissa Minerals Development Company Limited has 12 deals on record (10 market trades, 2 secondary share transfers); the latest was in April 2026.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Market trade | ₹16.04 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Dec 2010 | Market trade | ₹21.88 Cr | Seller: JMP Securities Private Limited |
| Nov 2010 | Market trade | ₹51.75 Cr | Buyer: JMP Securities Private Limited |
| Oct 2010 | Market trade | ₹23.86 Cr | Seller: JMP Securities Private Limited |
| Oct 2010 | Market trade | ₹24.02 Cr | Seller: JMP Securities Private Limited |
To see the full deal history of The Orissa Minerals Development Company Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
The Orissa Minerals Development Company Limited has 91 court cases on record: 37 filed by The Orissa Minerals Development Company, 54 filed against it. 21 cases are pending and 70 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 58 | 33 | 9 |
| District courts | 20 | 13 | 8 |
| Supreme Court | 9 | 4 | 4 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 91)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by M/S Kedar Security Services Pvt. Ltd, Dy General Manager | Pending |
| Supreme Court | Court case | Filed by the company against Jai Balaji Industries Limited (Previously Shri Ramrupai Balaji Steels Limited) and 1 other | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Jai Balaji Industries Limited | Pending |
| High Court | Civil suit | Filed by the company against Malvika Steel Ltd. | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Jai Balaji Industries Limited | Disposed |
To see the full case history of The Orissa Minerals Development Company 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 The Orissa Minerals Development Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
The Orissa Minerals Development Company has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCT8879J1ZW | Odisha | Active | 01 Jul 2017 |
| 19AABCT8879J1DQ | West Bengal | Active | 22 Oct 2018 |
| 07AABCT8879J1DV | Delhi | Active | 27 Oct 2018 |
To see the full GST registrations and return filing status of The Orissa Minerals Development Company Limited, buy the company report.
Recent activity
The Orissa Minerals Development Company Limited has 107 board changes on record since 2004: 57 appointments and 50 cessations. The latest: Manish Raj Gupta was appointed as Additional Director on 20 Jan 2026.
102 earlier events are in the company report.
News
Frequently asked questions
The Orissa Minerals Development Company is an active public limited union government company based in Bhubaneswar, Odisha, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 16 August 1918 (108+ years old) and is registered under CIN L51430OR1918GOI034390. Listed on BSE: 590086 and NSE: ORISSAMINE.
The Orissa Minerals Development Company reported revenue of ₹94.1 Cr for FY 2025-26 (up 45.6% YoY) based on standalone financials.
The Orissa Minerals Development Company has 8 current directors and KMP:
- Thakidiyil Narayanan Sarasu - Director
- Murugesan Saravanan - Director
- Vasudhachandra Suratkal - Director
- Manish Raj Gupta - Additional Director
- Sanginaini Sharad Rao - Nominee Director
- Arun Kanti Bagchi - Director
- Tapas Ranjan Mallick - Nominee Director
- Pintu Kumar Biswal - Company Secretary
The latest financial statements of The Orissa Minerals Development Company on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of The Orissa Minerals Development Company is 21AABCT8879J1ZW, registered in Odisha. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 19AABCT8879J1DQ (West Bengal), 07AABCT8879J1DV (Delhi).
The CIN (Corporate Identification Number) of The Orissa Minerals Development Company is L51430OR1918GOI034390. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. The Orissa Minerals Development Company is a listed company as per MCA records. Its shares are listed on both BSE (code: 590086) and NSE (symbol: ORISSAMINE).
The Orissa Minerals Development Company has 91 court cases on record: 37 filed by the company and 54 filed against it. 21 are pending. Most are in the high courts.
The Orissa Minerals Development Company was incorporated on 16 August 1918, making it 108+ years old. It is registered with the Registrar of Companies, Cuttack.
The Orissa Minerals Development Company has 12 deals on record (10 market trades, 2 secondary share transfers); the latest was in April 2026.