MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0046007
Neo Ferromet Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.42 Cr
▲ 13% YoY
Net profit · FY 2025
₹77.17 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹1.22 Cr
EBITDA margin 3.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹17.3 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Directors on board
3
As per MCA filings
About Neo Ferromet Private Limited
Data last updated:
Neo Ferromet Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 07 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2010PTC203729. Its GSTIN is 24AADCN3499E1ZF (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Heer Omprakash Kanungo and Nidhi Mitulbhai Kadvani.
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 1/A 1st Floor Mahimwala Bunglow 12th Khetwadi Lane, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.42 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹77.17 Lakh (net margin 2.3%) and EBITDA of ₹1.22 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹17.3 Cr on record. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2023. Its 4 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is SRN Distributions Private Limited with revenue of ₹33.84 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers.
Neo Ferromet Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0046007). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neoferromet.com.
Company details
CIN U51101MH2010PTC203729
Registration Number 203729
Incorporation Date 07 June 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0046007
Key People
Heer Omprakash Kanungo Director Nidhi Mitulbhai Kadvani Director Kavita Hitesh Kanungo Director Recognitions & Rankings of Neo Ferromet
Contact details
Neo Ferromet Private Limited's registered office is in Mumbai, Maharashtra. Its website is neoferromet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1/A 1st Floor Mahimwala Bunglow 12th Khetwadi Lane, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Neo Ferromet Private Limited, buy the company report.
Comprehensive company report
Neo Ferromet Private 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 Neo Ferromet 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 Neo Ferromet Private Limited, buy the company report.
Financials of Neo Ferromet Private Limited
FY 2025 filings availableNeo Ferromet Private Limited reported revenue of ₹33.42 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹33.42 Cr ▲ 13%
Net profit · FY 2025
₹77.17 Lakh margin 2.3%
EBITDA · FY 2025
₹1.22 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 22%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 44%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 13% growth in the latest year. EBITDA rose 5% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77.17 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 3.6% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Neo Ferromet Private Limited, buy the company report.
Board of directors of Neo Ferromet Private Limited
Neo Ferromet has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Heer Omprakash Kanungo | Director | 20 Mar 2013 | 13 Years 7 Months | Current |
| Nidhi Mitulbhai Kadvani | Director | 01 Apr 2014 | 12 Years 6 Months | Current |
| Kavita Hitesh Kanungo Also directs: Kanungo Recycling LLP, Stainless Trading (India) Limited | Director | 10 Jan 2015 | 11 Years 9 Months | Current |
Peer comparison
Neo Ferromet Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SRN Distributions Private Limited | ₹33.84 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Neo Ferromet Private Limitedthis company | ₹33.42 Cr (FY 2025) | ₹77.17 Lakh | 2.3% | 13.0% | Mumbai, Maharashtra, India | |
| Saran Equipments and Engineers Private Limited | ₹33.39 Cr (FY 2025) | 36.0% | New Delhi, Delhi, India | |||
| Navanath Sales Private Limited | ₹33.24 Cr (FY 2025) | 58.0% | Pune, Maharashtra, India | |||
| Collate Steel Private Limited | ₹33.24 Cr (FY 2025) | -28.0% | Kolkara, West Bengal, India |
To see the full peer comparison of Neo Ferromet Private Limited, buy the company report.
Auditor
Neo Ferromet Private Limited is audited by RAMESH PATEL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH PATEL & CO. | FY 2023 | 116811 |
Shareholding
The shareholding of Neo Ferromet 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neo Ferromet Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2025 | 101084406 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 06 Jan 2024 | 100854652 | Hdfc Bank Limited | ₹15.3 Cr | Open |
To see the full charge records of Neo Ferromet Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Neo Ferromet Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2023.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Rights issue | ₹46 Lakh | Investors: 4 individuals |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Neo Ferromet 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
Neo Ferromet Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kanungo Ferromet Private Limited | |||
| Metflow Cast Pvt Ltd |
To see the full MSME payment records of Neo Ferromet Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Neo Ferromet has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCN3499E1ZF | Gujarat | Active | 01 Jul 2017 |
| 24AADCN3499E1DO | Gujarat | Active | 02 Dec 2024 |
To see the full GST registrations and return filing status of Neo Ferromet Private Limited, buy the company report.
Recent activity
Neo Ferromet Private Limited has 8 board changes on record since 2013: 3 appointments and 5 cessations. The latest: Akash Vallabhdas Chapadia ceased to be Director on 10 Jan 2022.
AGM
Neo Ferromet Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 101084406 was registered on 24 Apr 2025.
Filing
Neo Ferromet Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 1,529.50 Lakh registered on 06 Jan 2024 with Charge ID 100854652 was modified on 20 Mar 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,529.50 Lakh with Charge ID 100854652 was registered on 06 Jan 2024.
Ceased
Akash Vallabhdas Chapadia ceased to be Director.
Appointed
Kavita Hitesh Kanungo was appointed as Director.
Ceased
Hitesh Roopchand Kanungo ceased to be Director.
Ceased
Kishan Kadvani Anilbhai ceased to be Director.
Ceased
Omprakash Siremalji Kanungo ceased to be Director.
Appointed
Nidhi Mitulbhai Kadvani was appointed as Director.
Appointed
Heer Omprakash Kanungo was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Neo Ferromet is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 07 June 2010 (16+ years old) and is registered under CIN U51101MH2010PTC203729.
Neo Ferromet has 3 current directors:
- Heer Omprakash Kanungo - Director
- Nidhi Mitulbhai Kadvani - Director
- Kavita Hitesh Kanungo - Director
The latest financial statements of Neo Ferromet 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 Neo Ferromet is 24AADCN3499E1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCN3499E1DO (Gujarat).
The CIN (Corporate Identification Number) of Neo Ferromet is U51101MH2010PTC203729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Ferromet was incorporated on 07 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Neo Ferromet has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2023.
The peers of Neo Ferromet by revenue are SRN Distributions Private Limited, Saran Equipments and Engineers Private Limited, Navanath Sales Private Limited, Collate Steel Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Akash Vallabhdas Chapadia ceased to be Director on 10 Jan 2022. Kavita Hitesh Kanungo was appointed as Director on 10 Jan 2015. Hitesh Roopchand Kanungo ceased to be Director on 02 Apr 2014. Neo Ferromet has 8 board changes on record in total.
Yes, Neo Ferromet is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0046007).
Neo Ferromet has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 May 2019.
Neo Ferromet can be reached through the website neoferromet.com. Its registered office is in Mumbai, Maharashtra, India.