About Niros Ispat Private Limited
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Niros Ispat Private Limited is a private limited company based in Raipur, Chhattisgarh, India. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 01 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U27103CT2001PTC014833. Its GSTIN is 22AABCN5848D1ZQ (Chattisgarh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹58 Cr and a paid-up capital of ₹46.22 Cr. It is led by directors Lovnish Agrawal and Sidheswar Agrawalla.
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 Raipur, Chhattisgarh.
As per the financials filed for FY 2024, the company reported a revenue of ₹712.25 Cr. For the same year it recorded a net profit of ₹10.61 Cr (net margin 1.5%) and EBITDA of ₹34.92 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
As per MCA filings, the company has satisfied charges of ₹315.32 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 1 case is pending. The company has 30 deals on record (24 secondary share transfers, 6 funding rounds), with disclosed funding of ₹55.35 Cr; the latest was in March 2024. Its 10 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 5 smaller; the largest is Sarthak Ispat Private Limited with revenue of ₹723.29 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 150 overdue payments to 16 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluelinesindia.com.
Company details
Contact details
Niros Ispat Private Limited's registered office is in Raipur, Chhattisgarh. Its website is bluelinesindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 409 Samta Shopping Arcades, Main Road Samta Colony, Raipur, Chhattisgarh, India – 492001
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Niros Ispat 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 Niros Ispat 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 Niros Ispat Private Limited, buy the company report.
Financials of Niros Ispat Private Limited
FY 2024 filings availableNiros Ispat Private Limited reported revenue of ₹712.25 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years. EBITDA fell 14% 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 | ₹34.92 Cr | ||||
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| Net Profit (PAT) | ₹10.61 Cr | ||||
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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 | 4.9% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Niros Ispat Private Limited, buy the company report.
Board of directors of Niros Ispat Private Limited
Niros Ispat has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lovnish Agrawal Also directs: Niros Ispat Private Limited, Raipur Loha Private Limited, Lingraj Steel and Power Private Limited and 5 more | Director | 30 Dec 2024 | 1 Years 10 Months | Current |
| Sidheswar Agrawalla Also directs: Lingraj Ventures LLP, Lingraj Food Products Private Limited, Niros Ispat Private Limited and 5 more | Director | 08 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Niros Ispat Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Sarthak Ispat Private Limited | ₹723.29 Cr (FY 2025) | 36.0% | Raipur, Chhattisgarh, India | |||
| Pushpak Steel Industries Private Limited | ₹721.22 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| Shri Sharma Steeltech (India) Private Limited | ₹720.17 Cr (FY 2025) | -2.0% | Jaipur, Rajasthan, India | |||
| K I C Metaliks Limited | ₹718.54 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| Rattan Ispat Limited | ₹717.28 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Niros Ispat Private Limitedthis company | ₹712.25 Cr (FY 2024) | ₹10.61 Cr | 1.5% | Raipur, Chhattisgarh, India | ||
| Rimjhim Stainless Limited | ₹709.55 Cr (FY 2025) | 0.0% | Kanpur, Uttar Pradesh, India | |||
| JNB Steel Industries Private Limited | ₹707.16 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Shikhara Steels Private Limited | ₹706.9 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Sumangala Steel Private Limited | ₹706.85 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| S.K. Steeltech Private Limited | ₹705.78 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Niros Ispat Private Limited, buy the company report.
Auditor
Niros Ispat Private Limited is audited by Rajan Malik & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajan Malik & Co. | FY 2023 | 019859N |
Shareholding
The shareholding of Niros Ispat 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 Niros Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2023 | 100821376 | Others | ₹7 Cr | Satisfied | |
| 31 May 2023 | 100735580 | Hdfc Bank Limited | ₹72.14 Lakh | Satisfied | |
| 14 Mar 2023 | 100697529 | Hdfc Bank Limited | ₹72.14 Lakh | Satisfied | |
| 29 Oct 2022 | 100642457 | Axis Bank Limited | ₹10 Cr | Satisfied | |
| 12 Aug 2022 | 100606602 | Hdfc Bank Limited | ₹19.75 Lakh | Satisfied |
To see the full charge records of Niros Ispat Private Limited, buy the company report.
Total charge records: 39 View all charges
Deals & funding
Niros Ispat Private Limited has 30 deals on record (24 secondary share transfers, 6 funding rounds), with disclosed funding of ₹55.35 Cr; the latest was in March 2024.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Nandini Vincom Private Limited , Sangam Vintrade Private Limited , Swati Business (India) Private Limited |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Lingraj Food and Beverages Private Limited , 2 individuals Seller: Lingraj Food Products Private Limited , an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Lingraj Food Products Private Limited Seller: Lingraj Food and Beverages Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Lingraj Food Products Private Limited Seller: Lingraj Food and Beverages Private Limited |
| Nov 2012 | Funding round | ₹15.03 Cr | Investors: Lingraj Food and Beverages Private Limited |
To see the full deal history of Niros Ispat 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
Niros Ispat Private Limited has 10 court cases on record: 6 filed by Niros Ispat, 4 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 1 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against M/S. Coal India Ltd and 2 others | Disposed |
| High Court, CHHATTISGARH | Writ petition | Filed by the company against State of Chhattisgarh and 2 others | Pending |
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Disposed |
| High Court, CHHATTISGARH | Court case (WPT) | Filed by the company against State of Chhattisgarh and 2 others | Disposed |
To see the full case history of Niros Ispat 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.
MSME payment delays
Niros Ispat Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 150 overdue payments to 16 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 (5 of 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Ab Enterprises | |||
| Rajat Group of Industries | |||
| an individual supplier |
To see the full MSME payment records of Niros Ispat Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Niros Ispat has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AABCN5848D1ZQ | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Niros Ispat Private Limited, buy the company report.
Recent activity
Niros Ispat Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Lovnish Agrawal ceased to be Additional Director on 29 Sep 2025.
84 earlier events are in the company report.
Frequently asked questions
Niros Ispat is an active private limited company based in Raipur, Chhattisgarh, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 01 October 2001 (25+ years old) and is registered under CIN U27103CT2001PTC014833.
Niros Ispat has 2 current directors:
- Lovnish Agrawal - Director
- Sidheswar Agrawalla - Director
The latest financial statements of Niros Ispat 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 Niros Ispat is 22AABCN5848D1ZQ, registered in Chattisgarh. 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 Niros Ispat is U27103CT2001PTC014833. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niros Ispat has 10 court cases on record: 6 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Niros Ispat was incorporated on 01 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Niros Ispat has 30 deals on record (24 secondary share transfers, 6 funding rounds), with disclosed funding of ₹55.35 Cr; the latest was in March 2024.
The peers of Niros Ispat by revenue are Sarthak Ispat Private Limited, Pushpak Steel Industries Private Limited, Shri Sharma Steeltech (India) Private Limited, K I C Metaliks Limited, Rattan Ispat Limited and 5 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Lovnish Agrawal ceased to be Additional Director on 29 Sep 2025. Akash Kumar Agrawal ceased to be CEO on 31 Mar 2025. Anil Kumar Agrawal ceased to be Director on 31 Mar 2025. Niros Ispat has 12 board changes on record in total.
Niros Ispat has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 150 overdue payments to 16 micro and small suppliers. The latest return was filed on 20 Aug 2023.
Niros Ispat can be reached through the website bluelinesindia.com. Its registered office is in Raipur, Chhattisgarh, India.
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