Navkar Steels Private Limited
About Navkar Steels Private Limited
Data last updated:
Navkar Steels Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 03 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U51420MP2006PTC018646. Its GSTIN is 23AACCN3082A1Z3 (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Nitu Steels Private Limited. It is led by directors Ajit Lalwani Jain and Amit Lalwani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 205 New Loha Mandi, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.28 Lakh, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹62,855 (net margin -10%) and EBITDA of -₹38,222 (EBITDA margin -6.1%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 58% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Navkar Steels Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address205 New Loha Mandi, Indore, Madhya Pradesh, India – 452001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Navkar Steels 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 Navkar Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Navkar Steels Private Limited, buy the company report.
Financials of Navkar Steels Private Limited
FY 2024 filings availableNavkar Steels Private Limited reported revenue of ₹6.28 Lakh (up 75% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 58%. EBITDA fell 120% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹38,222 | ||||
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| Net Profit (PAT) | -₹62,855 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -6.1% | ||||
| Net Profit Margin | -10% | ||||
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To see the full financial statements and ratios of Navkar Steels Private Limited, buy the company report.
Board of directors of Navkar Steels Private Limited
Navkar Steels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Lalwani Jain | Director | 03 Feb 2020 | 6 Years 9 Months | Current |
| Amit Lalwani Also directs: Anks Real Estate LLP, Upkar Real Estate LLP, Mahavir Iron Traders (Indore) Private Limited and 2 more | Director | 01 Aug 2010 | 16 Years 3 Months | Current |
Auditor
Navkar Steels Private Limited is audited by H N JHAVAR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H N JHAVAR & CO. | FY 2023 | 000544C |
Shareholding
The shareholding of Navkar Steels Private 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Navkar Steels Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Navkar Steels 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 Navkar Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Navkar Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCN3082A1Z3 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Navkar Steels Private Limited, buy the company report.
Recent activity
Navkar Steels Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Ajit Lalwani Jain ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Navkar Steels is an active private limited company based in Indore, Madhya Pradesh, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 03 May 2006 (20+ years old) and is registered under CIN U51420MP2006PTC018646.
Navkar Steels has 2 current directors:
- Ajit Lalwani Jain - Director
- Amit Lalwani - Director
The latest financial statements of Navkar Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Navkar Steels is 23AACCN3082A1Z3, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Navkar Steels is U51420MP2006PTC018646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navkar Steels was incorporated on 03 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
Ajit Lalwani Jain ceased to be Additional Director on 31 Dec 2020. Sangeeta Jain ceased to be Director on 06 Feb 2020. Ajit Lalwani Jain was appointed as Director on 03 Feb 2020. Navkar Steels has 5 board changes on record in total.
The registered office of Navkar Steels is at 205 New Loha Mandi, Indore, Madhya Pradesh, India – 452001.
Navkar Steels operates in the metals and minerals industry, in the metal retail and distribution segment.
The compliance status of Navkar Steels is compliant as of 25 September 2026. The company is actively filing with the Registrar of Companies.
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