About Nilkanth Concast Private Limited
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Nilkanth Concast Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 21 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27106GJ2003PTC042778. Its GSTIN is 24AABCN8500A1Z5 (Gujarat). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.39 Cr. It was formerly known as Nilkanth Furnace Private Limited. It is led by directors including Girija Chandrasekhar Ayachi and Chandrasekhar Narsangji Ayachi.
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 Block A Office No 401 Mondeal Hights Nr Panchratna Party Plot S.G. Highway, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2024, the company reported a revenue of ₹565.4 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹5.79 Cr (net margin 1%) and EBITDA of ₹26.54 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 2% over five years.
The company has about 353 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nilkanth Steels. As per MCA filings, the company has open charges of ₹202.9 Cr and satisfied charges of ₹444.37 Cr on record. Court records list 75 cases involving the company, including 16 filed by the company and 59 filed against it; 11 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹11.49 Cr; the latest was in August 2020. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Visa Steel Limited with revenue of ₹567.43 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nilkanthsteels.com.
Company details
Contact details
Nilkanth Concast Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nilkanthsteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock A Office No 401 Mondeal Hights Nr Panchratna Party Plot S.G. Highway, Ahmedabad, Gujarat, India – 380051
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Nilkanth Concast 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
Brands
Nilkanth Concast operates one associated brand: Nilkanth Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies durable steel bars for industrial applications. | nilkanthsteels.com |
Business activity
The main business activity of Nilkanth Concast 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 Nilkanth Concast Private Limited, buy the company report.
Financials of Nilkanth Concast Private Limited
FY 2024 filings availableNilkanth Concast Private Limited reported revenue of ₹565.4 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 2% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹565.4 Cr | ||||
| Other Income | |||||
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| EBITDA | ₹26.54 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹5.79 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nilkanth Concast Private Limited, buy the company report.
Board of directors of Nilkanth Concast Private Limited
Nilkanth Concast has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girija Chandrasekhar Ayachi Also directs: Nilkanth Clinker Private Limited, Cargo Conveyers Private Limited, Shivkrupa Hospital Private Limited and 1 more | Director | 05 Aug 2005 | 21 Years 2 Months | Current |
| Chandrasekhar Narsangji Ayachi Also directs: Nilkanth Clinker Private Limited, Cargo Conveyers Private Limited, Shivkrupa Hospital Private Limited and 3 more | Director | 24 Aug 2006 | 20 Years 2 Months | Current |
| Gadhvi Ghanshyamdan | Director | 03 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Nilkanth Concast Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Visa Steel Limited | ₹567.43 Cr (FY 2025) | -15.0% | Khorda, Odisha, India | |||
| Jailaxmi Casting and Alloys Private Limited | ₹565.83 Cr (FY 2025) | 1.0% | Aurangabad, Maharashtra, India | |||
| KB Ispat Private Limited | ₹565.68 Cr (FY 2025) | 48.0% | Bhavnagar, Gujarat, India | |||
| Nilkanth Concast Private Limitedthis company | ₹565.4 Cr (FY 2024) | ₹5.79 Cr | 1% | -12.0% | 353 | Ahmedabad, Gujarat, India |
| Rudra Global Infra Products Limited | ₹561.28 Cr (FY 2025) | 1.0% | Bhavnagar, Gujarat, India | |||
| Shree Parashnath Re-Roolling Mills Limited | ₹560.72 Cr (FY 2025) | -12.0% | Durgapur, West Bengal, India | |||
| Gasha Steels Private Limited | ₹559.06 Cr (FY 2025) | -4.0% | Kochi, Kerala, India |
To see the full peer comparison of Nilkanth Concast Private Limited, buy the company report.
Auditor
Nilkanth Concast Private Limited is audited by ANIT AGGARWAL & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIT AGGARWAL & COMPANY | FY 2023 | 136645W |
Shareholding
The shareholding of Nilkanth Concast 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 Nilkanth Concast Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2026 | 101307853 | Hdb Financial Services Limited | ₹3.44 Cr | Open | |
| 19 Mar 2026 | 101279850 | Others | ₹2.15 Cr | Open | |
| 16 Mar 2026 | 101260337 | Others | ₹8.41 Cr | Open | |
| 16 Mar 2026 | 101260320 | Others | ₹4.34 Cr | Open | |
| 06 Feb 2026 | 101293257 | Others | ₹80.23 Lakh | Open |
To see the full charge records of Nilkanth Concast Private Limited, buy the company report.
Total charge records: 56 View all charges
Deals & funding
Nilkanth Concast Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹11.49 Cr; the latest was in August 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Sep 2009 | Funding round | ₹1.89 Cr | Investors: an individual |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Apr 2007 | Funding round | ₹7.5 Cr | Investors: an individual |
To see the full deal history of Nilkanth Concast Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nilkanth Concast Private Limited has 75 court cases on record: 16 filed by Nilkanth Concast, 59 filed against it. 11 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 28 | 6 |
| High courts | 35 | 27 | 5 |
| Supreme Court | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by Cred Avenue Private Limited (Capl) Presently Known As Yubi Through Ms. Payal Maskara | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Zhuzoor Infratech Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Agarwal Coal Corporation Private Limited Through Shri Pramod Kishore Shrivastava | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by Agarwal Coal Corporation Private Limited | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Reliance General Insurance Company Limited | Disposed |
To see the full case history of Nilkanth Concast Private 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.
Credit ratings & regulatory alerts
Nilkanth Concast Private Limited was last rated by Care on 30 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Sep 2022 |
To see the full credit ratings and regulatory alerts of Nilkanth Concast Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nilkanth Concast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nilkanth Concast Private Limited has a workforce of 353 employees on its EPFO records as of Nov 16, 2024, across 1 active EPFO establishment.
GST
Nilkanth Concast has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCN8500A1Z5 | Gujarat | Active | 01 Jul 2017 |
| 08AABCN8500A2ZY | Rajasthan | Active | 29 Nov 2022 |
To see the full GST registrations and return filing status of Nilkanth Concast Private Limited, buy the company report.
Recent activity
Nilkanth Concast Private Limited has 13 board changes on record since 2003: 8 appointments and 5 cessations. The latest: Gadhvi Ghanshyamdan was appointed as Director on 03 Jul 2025.
96 earlier events are in the company report.
Frequently asked questions
Nilkanth Concast is an active private limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 21 August 2003 (23+ years old) and is registered under CIN U27106GJ2003PTC042778.
Nilkanth Concast has 3 current directors:
- Girija Chandrasekhar Ayachi - Director
- Chandrasekhar Narsangji Ayachi - Director
- Gadhvi Ghanshyamdan - Director
The latest financial statements of Nilkanth Concast 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 Nilkanth Concast is 24AABCN8500A1Z5, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 08AABCN8500A2ZY (Rajasthan).
The CIN (Corporate Identification Number) of Nilkanth Concast is U27106GJ2003PTC042778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nilkanth Concast has 75 court cases on record: 16 filed by the company and 59 filed against it. 11 are pending. Most are in the district courts.
Nilkanth Concast was incorporated on 21 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nilkanth Concast has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹11.49 Cr; the latest was in August 2020.
The peers of Nilkanth Concast by revenue are Visa Steel Limited, Jailaxmi Casting and Alloys Private Limited, KB Ispat Private Limited, Rudra Global Infra Products Limited, Shree Parashnath Re-Roolling Mills Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Gadhvi Ghanshyamdan was appointed as Director on 03 Jul 2025. Nakul Chandrashekhar Ayachi ceased to be Director on 01 Mar 2013. Nakul Chandrashekhar Ayachi was appointed as Director on 25 Aug 2009. Nilkanth Concast has 13 board changes on record in total.
Nilkanth Concast can be reached through the website nilkanthsteels.com. Its registered office is in Ahmedabad, Gujarat, India.