About Nathani Recycling Private Limited
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Nathani Recycling Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 11 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U37200MH2009PTC192304.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Saida Ikbal Nathani and Zain Ikbal Nathani.
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 C – 605 Neelkanth Business Park Nathani Road Vidyavihar West, Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2025, the company reported a revenue of ₹2 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹12,421 (net margin 6.2%) and EBITDA of ₹16,491 (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 9% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nathanisteel.com.
Company details
Contact details
Nathani Recycling Private Limited's registered office is in Mumbai, Maharashtra. Its website is nathanisteel.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 605 Neelkanth Business Park Nathani Road Vidyavihar West, Mumbai, Maharashtra, India – 400086
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Metal Manufacturing & Processing
To see the full contact details of Nathani Recycling 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
Financials of Nathani Recycling Private Limited
FY 2025 filings availableNathani Recycling Private Limited reported revenue of ₹2 Lakh (down 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 47% fall in the latest year. EBITDA fell 78% 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 | ₹16,491 | ||||
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| Net Profit (PAT) | ₹12,421 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Nathani Recycling Private Limited, buy the company report.
Board of directors of Nathani Recycling Private Limited
Nathani Recycling has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saida Ikbal Nathani Also directs: Alpha Stud and Farms Pvt Ltd | Director | 10 Aug 2023 | 3 Years 2 Months | Current |
| Zain Ikbal Nathani Also directs: Alpha Stud and Farms Pvt Ltd, Nathani Steel Private Limited, Material Recycling Association of India and 5 more | Director | 11 May 2009 | 17 Years 5 Months | Current |
| Yatrik Dilip Thakor | Director | 27 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Nathani Recycling Private Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Metals, Steel), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leo Steel Mills Private Limited | ₹2.02 Lakh (FY 2016) | 9.0% | Delhi, India | |||
| Kusumesh Steel Private Limited | ₹2.01 Lakh (FY 2024) | -92.0% | Bhiwadi, Rajasthan, India | |||
| Ugho Metals Extrusions Private Limited | ₹2.01 Lakh (FY 2021) | -2.0% | Sambalpur, Odisha, India | |||
| Nathani Recycling Private Limitedthis company | ₹2 Lakh (FY 2025) | ₹12,421 | 6.2% | -47.0% | Mumbai, Maharashtra, India | |
| MLB Metals (OPC) Private Limited | ₹2 Lakh (FY 2021) | Chandigarh, India | ||||
| Adarsh Udyog Pvt. Ltd. | ₹2 Lakh (FY 2024) | -45.0% | Kolkata, West Bengal, India | |||
| Sai Sanket Enterprises Private Limited | ₹2 Lakh (FY 2022) | -8.0% | Mumbai, Maharashtra, India | |||
| Glair Chemicals Private Limited | ₹2 Lakh (FY 2021) | 741.0% | Delhi, India | |||
| Dushang Engineering Private Limited | ₹1.99 Lakh (FY 2025) | 0.0% | Rajkot, Gujarat, India | |||
| Purpose 3Dtech Private Limited | ₹1.99 Lakh (FY 2023) | Ernakulam, Kerala, India | ||||
| Rishabh Ispat Limited | ₹1.98 Lakh (FY 2016) | -23.0% | Himachal Pradesh, India |
To see the full peer comparison of Nathani Recycling Private Limited, buy the company report.
Auditor
Nathani Recycling Private Limited is audited by A. R. Bhalja & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. R. Bhalja & Co. | FY 2016 |
Shareholding
The shareholding of Nathani Recycling Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nathani Recycling Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nathani Recycling Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nathani Recycling Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Nathani Recycling Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nathani Recycling Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Yatrik Dilip Thakor ceased to be Additional Director on 29 Sep 2025.
Frequently asked questions
Nathani Recycling is an active private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 May 2009 (17+ years old) and is registered under CIN U37200MH2009PTC192304.
Nathani Recycling has 3 current directors:
- Saida Ikbal Nathani - Director
- Zain Ikbal Nathani - Director
- Yatrik Dilip Thakor - Director
The latest financial statements of Nathani Recycling 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 CIN (Corporate Identification Number) of Nathani Recycling is U37200MH2009PTC192304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nathani Recycling was incorporated on 11 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nathani Recycling by revenue are Leo Steel Mills Private Limited, Kusumesh Steel Private Limited, Ugho Metals Extrusions Private Limited, MLB Metals (OPC) Private Limited, Adarsh Udyog Pvt. Ltd. and 5 more, all in the Metals and Minerals industry (Metals, Steel).
Yatrik Dilip Thakor ceased to be Additional Director on 29 Sep 2025. Yatrik Dilip Thakor was appointed as Director on 27 Jan 2025. Saida Ikbal Nathani ceased to be Additional Director on 29 Sep 2023. Nathani Recycling has 6 board changes on record in total.
Nathani Recycling can be reached through the website nathanisteel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nathani Recycling is at C – 605 Neelkanth Business Park Nathani Road Vidyavihar West, Mumbai, Maharashtra, India – 400086.
Nathani Recycling operates in the metals and minerals industry, in the steel manufacturing and processing segment.
The compliance status of Nathani Recycling is compliant as of 29 August 2026. The company is actively filing with the Registrar of Companies.