About MSP Sponge Iron Limited
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MSP Sponge Iron Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27102WB1999PLC114830. Its GSTIN is 19AACCM1932G2ZL (West Bengal). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹37.4 Cr and a paid-up capital of ₹33.23 Cr. It was formerly known as Msp Sponge Iron Private Limited. It is led by directors including Manish Agrawal (Managing Director) and Prashant Pandey.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at South City Business Park, Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,227.82 Cr. For the same year it recorded a net profit of ₹1.28 Cr (net margin 0.1%) and EBITDA of ₹25.38 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 13% over five years.
The company has about 631 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹3,838.5 Cr and satisfied charges of ₹3,757.16 Cr on record. Court records list 62 cases involving the company, including 43 filed by the company and 19 filed against it; 10 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 mspsteel.com.
Company details
CIN history
MSP Sponge Iron has one previous CIN (Corporate Identification Number): U27102OR1999PLC005841. The current CIN is U27102WB1999PLC114830, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27102WB1999PLC114830 | Current |
| U27102OR1999PLC005841 | Previous |
Contact details
MSP Sponge Iron Limited's registered office is in Kolkata, West Bengal. Its website is mspsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSouth City Business Park 10th Floor, 770 Anandpur Em Bypass, Kolkata, West Bengal, India – 700107
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of MSP Sponge Iron 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 MSP Sponge Iron 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 MSP Sponge Iron Limited, buy the company report.
Financials of MSP Sponge Iron Limited
FY 2025 filings availableMSP Sponge Iron Limited reported revenue of ₹1,227.82 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA fell 30% 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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| Total Expenses | |||||
| EBITDA | ₹25.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.28 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 2.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MSP Sponge Iron Limited, buy the company report.
Board of directors and KMP of MSP Sponge Iron Limited
MSP Sponge Iron Limited currently reports 7 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Agrawal Also directs: MSP Steel & Power Limited, Danta Vyapar Kendra Ltd, MSP Mines & Minerals Limited and 5 more | Managing Director | 16 Jul 1999 | 27 Years 3 Months | Current |
| Prashant Pandey | Director | 19 Apr 2021 | 5 Years 6 Months | Current |
| Suneeta Mohanty | Director | 22 Aug 2020 | 6 Years 2 Months | Current |
| Suresh Kumar Agrawal Also directs: MSP Steel & Power Limited, Jaik Leasing and Commercial Investment Limited, Howrah Gases Limited. and 3 more | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Subhash Agarwal | Cfo | 30 Mar 2015 | 11 Years 7 Months | Current |
| Pradip Kumar Dey Also directs: MSP Steel & Power Limited, MSP Mines & Minerals Limited, Indoves Industrial Private Limited and 1 more | Director | 16 Jul 1999 | 27 Years 3 Months | Current |
Peer comparison
MSP Sponge Iron Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel, Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Rajuri Steels & TMT Bars Private Limited | ₹1,283.33 Cr (FY 2025) | 11.0% | Jalna, Maharashtra, India | |||
| Urjah Metallics Private Limited | ₹1,276.9 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Pushpit Steels Private Limited | ₹1,244.73 Cr (FY 2025) | -5.0% | Broadway, Tamil Nadu, India | |||
| Mitc Rolling Mills Private Limited | ₹1,236.94 Cr (FY 2025) | 27.0% | Nashik, Maharashtra, India | |||
| MSP Sponge Iron Limitedthis company | ₹1,227.82 Cr (FY 2025) | ₹1.28 Cr | 0.1% | 631 | Kolkata, West Bengal, India | |
| Salsan Steels Private Limited | ₹1,220.63 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Amit Metaliks Limited | ₹1,215.18 Cr (FY 2025) | 32.0% | Durgapur, West Bengal, India | |||
| Sanyo Special Steel Manufacturing India Private Limited | ₹1,190.85 Cr (FY 2022) | 43.0% | Khalapur, Maharashtra, India | |||
| HMB Ispat Private Limited | ₹1,180.98 Cr (FY 2025) | 22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of MSP Sponge Iron Limited, buy the company report.
Auditor
MSP Sponge Iron Limited is audited by KEDIA DHANDHARIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KEDIA DHANDHARIA & CO. | FY 2023 | 326659E |
Shareholding
The shareholding of MSP Sponge Iron 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 MSP Sponge Iron Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2024 | 100895729 | Others | ₹50 Cr | Open | |
| 27 Mar 2024 | 100904186 | Sbicap Trustee Company Limited | ₹363.78 Cr | Open | |
| 27 Mar 2024 | 100904193 | Sbicap Trustee Company Limited | ₹84.2 Cr | Open | |
| 11 Apr 2015 | 10566756 | State Bank of India | ₹1,670.26 Cr | Open | |
| 11 Apr 2015 | 10566942 | State Bank of India | ₹1,670.26 Cr | Open |
To see the full charge records of MSP Sponge Iron Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
MSP Sponge Iron Limited has 62 court cases on record: 43 filed by MSP Sponge Iron, 19 filed against it. 10 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 6 | 2 |
| District courts | 21 | 12 | 7 |
| Supreme Court | 2 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed by the company against Tata Sponge Iron Limited | Pending |
| High Court | Civil suit | Filed against the company by India Industrial Enterprises Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by L and T Finance Limited | Pending |
| High Court, West Bengal | Arbitration matter | Filed against the company by Tata Steel Long Products Limited (Formerely Known As Tata Sponge Iron Limited) | Disposed |
| High Court, West Bengal | Court case (APOT) | Filed by the company against Tata Steel Limited | Disposed |
To see the full case history of MSP Sponge Iron 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
MSP Sponge Iron Limited has 26 MSME Form 1 returns on record between 2015 and 2023, listing 358 overdue payments to 83 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 83)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Therapeutics Chemical Research Corp | |||
| SK Engineering Co | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of MSP Sponge Iron Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MSP Sponge Iron has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indoves Industrial Private Limited | U27100WB2020PTC236637 |
To see the full group structure of MSP Sponge Iron Limited, buy the company report.
Employees & EPFO
MSP Sponge Iron Limited has a workforce of 631 employees on its EPFO records as of Apr 06, 2024, across 4 active EPFO establishments.
GST
MSP Sponge Iron has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCM1932G2ZL | West Bengal | Active | 25 Aug 2017 |
| 21AACCM1932G1Z1 | Odisha | Active | 01 Jul 2017 |
| 22AACCM1932G1ZZ | Chattisgarh | Active | 01 Jul 2017 |
| 22AACCM1932G1D8 | Chattisgarh | Active | 20 Nov 2024 |
To see the full GST registrations and return filing status of MSP Sponge Iron Limited, buy the company report.
Recent activity
MSP Sponge Iron Limited has 20 board changes on record since 1999: 8 appointments and 12 cessations. The latest: Asit Kumar Kayal ceased to be Additional Director on 29 Sep 2025.
99 earlier events are in the company report.
Frequently asked questions
MSP Sponge Iron is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 July 1999 (27+ years old) and is registered under CIN U27102WB1999PLC114830.
MSP Sponge Iron has 8 current directors and KMP:
- Manish Agrawal - Managing Director
- Prashant Pandey - Director
- Suneeta Mohanty - Director
- Suresh Kumar Agrawal - Director
- Pradip Kumar Dey - Director
- Aparna Kar - Director
- Asit Kumar Kayal - Director
- Subhash Agarwal - Cfo
The latest financial statements of MSP Sponge Iron on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MSP Sponge Iron is 19AACCM1932G2ZL, registered in West Bengal. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 21AACCM1932G1Z1 (Odisha), 22AACCM1932G1ZZ (Chattisgarh), 22AACCM1932G1D8 (Chattisgarh).
The CIN (Corporate Identification Number) of MSP Sponge Iron is U27102WB1999PLC114830. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MSP Sponge Iron has 62 court cases on record: 43 filed by the company and 19 filed against it. 10 are pending. Most are in the high courts.
MSP Sponge Iron was incorporated on 16 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of MSP Sponge Iron by revenue are Rajuri Steels & TMT Bars Private Limited, Urjah Metallics Private Limited, Pushpit Steels Private Limited, Mitc Rolling Mills Private Limited, Salsan Steels Private Limited and 3 more, all in the Metals and Minerals industry (Steel, Thermal Power Plants), with the same principal business activity (metal and metal products).
Asit Kumar Kayal ceased to be Additional Director on 29 Sep 2025. Asit Kumar Kayal was appointed as Director on 19 Jun 2025. Aparna Kar ceased to be Additional Director on 29 Sep 2022. MSP Sponge Iron has 20 board changes on record in total.
MSP Sponge Iron has 26 MSME Form 1 returns on record between 2015 and 2023, listing 358 overdue payments to 83 micro and small suppliers. The latest return was filed on 17 Jan 2024.
MSP Sponge Iron can be reached through the website mspsteel.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of MSP Sponge Iron is at South City Business Park 10th Floor, 770 Anandpur Em Bypass, Kolkata, West Bengal, India – 700107.
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