MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-22-0000778
Mysore Steels Limited - metals and minerals in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.9 Cr
▲ 17457% YoY
Net loss · FY 2025
₹4.96 Cr
Net margin -45.5%
EBITDA · FY 2025
-₹1.54 Cr
EBITDA margin -14.1%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹30 Cr
Issued & subscribed
Open charges
₹31.5 Lakh
Satisfied ₹67.82 Cr
Company age
53 yrs
Est. 1973
Employees · EPFO
5
Provident fund records
About Mysore Steels Limited
Data last updated:
Mysore Steels Limited is a public limited company based in Mysore, Karnataka, India, a subsidiary of Brindavan Metallics Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 28 December 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27100KA1973PTC002473. Its GSTIN is 29AACCS6054M1ZV (Karnataka).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹30 Cr. It was formerly known as Shimoga Steels Limited. It is led by directors including Rallapalli Karanam Nagarjun (Whole-Time Director) and Rallapalli Karnam Balasubramanyam (Whole-Time Director).
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 Krs Roadmejagalli Mysore, Karnataka, India – 570016.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.96 Cr (net margin -45.5%) and EBITDA of -₹1.54 Cr (EBITDA margin -14.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 159% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.5 Lakh and satisfied charges of ₹67.82 Cr on record. Court records list 49 cases involving the company, including 25 filed by the company and 24 filed against it; 4 cases are pending.
Mysore Steels Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0000778). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mysoresteels.com.
Company details
CIN U27100KA1973PTC002473
Registration Number 002473
Incorporation Date 28 December 1973
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Brindavan Metallics Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-22-0000778
CIN history
Mysore Steels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100KA1973PTC002473, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100KA1973PTC002473 | Current |
| U27100KA1973PLC002473 | Previous |
| U85110KA1973PLC002473 | Previous |
Key People
Rallapalli Karanam Nagarjun Whole-Time Director Rallapalli Karnam Balasubramanyam Whole-Time Director Ramarathnam Varadharajan Kovathakudi Additional Director Recognitions & Rankings of Mysore Steels
Contact details
Mysore Steels Limited's registered office is in Mysore, Karnataka.
- Registered AddressKrs Roadmejagalli Mysore, Karnataka, India – 570016
- IndustryMetals and Minerals, Steel Manufacturing & Processing
Comprehensive company report
Mysore Steels 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 activity of Mysore Steels is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Mysore Steels Limited, buy the company report.
Financials of Mysore Steels Limited
FY 2025 filings availableMysore Steels Limited reported revenue of ₹10.9 Cr (up 17457% YoY) for FY 2025.
Revenue · FY 2025
₹10.9 Cr ▲ 17457%
Net loss · FY 2025
₹4.96 Cr margin -45.5%
EBITDA · FY 2025
-₹1.54 Cr margin -14.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 10%
5 years · compounded
▲ 159%
EBITDA CAGR growth
1 year
▼ 389%
3 years · compounded
▼ 51%
5 years · compounded
▼ 3%
Revenue has grown at a compounded annual rate (CAGR) of 159% over five years. EBITDA fell 389% 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 | -₹1.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.96 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 | -14.1% | ||||
| Net Profit Margin | -45.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mysore Steels Limited, buy the company report.
Board of directors of Mysore Steels Limited
Mysore Steels has 7 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramarathnam Varadharajan Kovathakudi | Additional Director | 26 Sep 2011 | 15 Years 1 Months | Current |
| Rallapalli Radhakrishna Karanam Also directs: Raichur Aloys and Forgings Limited, Amona Power Private Limited, Chandor Engineering and Trading Company Private Limited and 1 more | Director | 04 Aug 2006 | 20 Years 3 Months | Current |
| Geethavani Polur | Additional Director | 18 May 2022 | 4 Years 5 Months | Current |
| Rallapalli Karanam Nagarjun | Whole-Time Director | 05 Sep 2018 | 8 Years 2 Months | Current |
| Rallapalli Karnam Balasubramanyam | Whole-Time Director | 13 Jan 2008 | 18 Years 9 Months | Current |
| Subramanian Ranganathan Also directs: Capri Global Capital Limited, Metropolis Healthcare Limited, Proventus Agrocom Limited and 4 more | Additional Director | 28 Aug 2025 | 1 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Charges & borrowings
Open charges
₹31.5 Lakh
Satisfied charges
₹67.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2020 | 100354516 | Others | ₹31.5 Lakh | Open | |
| 19 Mar 2015 | 10560111 | State Bank of India | ₹41 Cr | Satisfied | |
| 25 Sep 1992 | 80065498 | Brindavan Metallics Private Limited | ₹9.41 Cr | Satisfied | |
| 31 Dec 1991 | 80065517 | Brindavan Metallics Private Limited | ₹3.81 Cr | Satisfied | |
| 12 Apr 1991 | 80067870 | Canara Bank | ₹10.7 Cr | Satisfied |
To see the full charge records of Mysore Steels Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Mysore Steels Limited has 49 court cases on record: 25 filed by Mysore Steels, 24 filed against it. 4 cases are pending and 45 are disposed.
Total cases
49
Filed by the company
25
Filed against the company
24
Pending
4
Disposed
45
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 13 | 1 |
| District courts | 21 | 10 | 3 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Bhoruka Steel and Services Ltd | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against M/S Canara Bank | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Canara Bank | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Canara Bank | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Maharashtra Apex Corporation Ltd. | Disposed |
To see the full case history of Mysore Steels 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 Mysore Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mysore Steels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS6054M1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mysore Steels Limited, buy the company report.
Recent activity
Mysore Steels Limited has 17 board changes on record since 2006: 7 appointments and 10 cessations. The latest: Raghavendra Bhupal was appointed as Additional Director on 28 Aug 2025.
AGM
Mysore Steels Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Raghavendra Bhupal was appointed as Additional Director.
Appointed
Subramanian Ranganathan was appointed as Additional Director.
Charges
A charge registered on 19 Mar 2015 via Charge ID 10560111 with State Bank Of India was fully satisfied on 17 Jul 2025.
Filing
Mysore Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ramarathnam Varadharajan Kovathakudi ceased to be Director.
Appointed
Geethavani Polur was appointed as Additional Director.
Charges
A charge registered on 31 Dec 1991 via Charge ID 80065517 with Brindavan Metallics Private Limited was fully satisfied on 18 Aug 2020.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100354516 was registered on 24 Jul 2020.
Charges
A charge registered on 25 Sep 1992 via Charge ID 80065498 with Brindavan Metallics Private Limited was fully satisfied on 13 Jun 2020.
Ceased
Venkatesh Prahladachar Chandi ceased to be Company Secretary.
Ceased
Rallapalli Karanam Nagarjun ceased to be Additional Director.
24 earlier events are in the company report.
Frequently asked questions
Mysore Steels is an active public limited company based in Mysore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 28 December 1973 (53+ years old) and is registered under CIN U27100KA1973PTC002473.
Mysore Steels has 7 current directors:
- Rallapalli Karanam Nagarjun - Whole-Time Director
- Rallapalli Karnam Balasubramanyam - Whole-Time Director
- Ramarathnam Varadharajan Kovathakudi - Additional Director
- Rallapalli Radhakrishna Karanam - Director
- Geethavani Polur - Additional Director
- Subramanian Ranganathan - Additional Director
- Raghavendra Bhupal - Additional Director
The latest financial statements of Mysore Steels 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 Mysore Steels is 29AACCS6054M1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Mysore Steels is U27100KA1973PTC002473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mysore Steels has 49 court cases on record: 25 filed by the company and 24 filed against it. 4 are pending. Most are in the high courts.
Mysore Steels was incorporated on 28 December 1973, making it 53+ years old. It is registered with the Registrar of Companies, Bangalore.
Raghavendra Bhupal was appointed as Additional Director on 28 Aug 2025. Subramanian Ranganathan was appointed as Additional Director on 28 Aug 2025. Ramarathnam Varadharajan Kovathakudi ceased to be Director on 30 Sep 2022. Mysore Steels has 17 board changes on record in total.
Yes, Mysore Steels is registered as a small enterprise under Udyam registration (number: UDYAM-KR-22-0000778).
Mysore Steels can be reached through the website mysoresteels.com. Its registered office is in Mysore, Karnataka, India.
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