About Ores India Private Limited
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Ores India Private Limited is a private limited company based in Rourkela, Odisha, India. It operates in the carriers services segment of the transport and logistics sector. It was incorporated on 31 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U13100OR1997PTC004858. Its GSTIN is 21AAACO2108C1ZF (Odisha). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.05 Cr. It is led by directors Vinay Vineet Passary (Managing Director) and Dina Nath Passary.
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 Plot No 379 Uditnagar, Rourkela, Odisha, India – 769012.
As per the financials filed for FY 2024, the company reported a revenue of ₹72.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹43.67 Lakh (net margin -0.6%) and EBITDA of ₹77.49 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹79.51 Cr and satisfied charges of ₹27.14 Cr on record. Court records list 52 cases involving the company, including 12 filed by the company and 40 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website passarygroup.com.
Company details
Contact details
Ores India Private Limited's registered office is in Rourkela, Odisha. Its website is passarygroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 379 Uditnagar, Rourkela, Odisha, India – 769012
- IndustryTransport and Logistics, Carriers Services
To see the full contact details of Ores India 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 Ores India is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Ores India Private Limited, buy the company report.
Financials of Ores India Private Limited
FY 2024 filings availableOres India Private Limited reported revenue of ₹72.02 Cr (up 4663% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years. EBITDA rose 269% 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 | ₹77.49 Lakh | ||||
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| Net Profit (PAT) | -₹43.67 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -0.6% | ||||
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To see the full financial statements and ratios of Ores India Private Limited, buy the company report.
Board of directors of Ores India Private Limited
Ores India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Vineet Passary Also directs: Firestone Minings LLP, HRB Agro Private Limited, Excellent Vanijya Private Limited and 4 more | Managing Director | 01 Jun 2007 | 19 Years 5 Months | Current |
| Dina Nath Passary Also directs: Goldwave Securities Ltd, Ashika Fintrade Pvt Ltd, Dadi Property Private Limited and 1 more | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Ores India Private Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abr Roadlines Private Limited | ₹73.38 Cr (FY 2024) | 17.0% | Ambala, Haryana, India | |||
| New Bombay Roadlines Private Limited | ₹73.17 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Bareilly Logistics Private Limited | ₹72.69 Cr (FY 2024) | -6.0% | Bareilly, Uttar Pradesh, India | |||
| Ores India Private Limitedthis company | ₹72.02 Cr (FY 2024) | -₹43.67 Lakh | -0.6% | 4663.0% | Rourkela, Odisha, India | |
| Parnami Logistics India Private Limited | ₹71.23 Cr (FY 2024) | 13.0% | Jaipur, Rajasthan, India | |||
| Golden Aero Logistics and Concierge Services Private Limited | ₹71.15 Cr (FY 2023) | 14.0% | New Delhi, Delhi, India | |||
| K Log Global Private Limited | ₹70.45 Cr (FY 2024) | -6.0% | Ahmedabad, Gujarat, India | |||
| Transglobal Carriers Private Limited | ₹69.63 Cr (FY 2025) | 10.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Ores India Private Limited, buy the company report.
Auditor
Ores India Private Limited is audited by KADMAWALA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADMAWALA & CO | FY 2022 | 323212E |
Shareholding
The shareholding of Ores India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ores India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jul 2010 | 10228379 | Tata Capital Limited | ₹32.76 Lakh | Open | |
| 02 Jul 2010 | 10228381 | Tata Capital Limited | ₹32.76 Lakh | Open | |
| 02 Jul 2010 | 10229023 | Tata Capital Limited | ₹16.38 Lakh | Open | |
| 26 May 2008 | 10112490 | State Bank of India | ₹59.32 Cr | Open | |
| 06 May 1998 | 90079530 | State Bank of India | ₹5 Cr | Open |
To see the full charge records of Ores India Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Ores India Private Limited has 52 court cases on record: 12 filed by Ores India, 40 filed against it. 12 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 25 | 12 |
| High courts | 17 | 8 | 0 |
| Supreme Court | 7 | 7 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Ltd. | Pending |
| Supreme Court | Interim or miscellaneous application | Filed against the company by M/S Steel Authority of India | Disposed |
| District court, West Singhbhum at Chaibasa, Jharkhand | Commercial suit | Filed against the company by Steel Authority of India Ltd. | Disposed |
| District court, East Singhbhum at Jamshedpur, Jharkhand | Arbitration matter | Filed against the company by Steel Authority of India Ltd. | Disposed |
| High Court | Court case (COM.APPEAL) | Filed against the company by Ms Steel Authority of India Limited Through Shri Manas Kumar Trailokya Pravakar Dutta | Disposed |
To see the full case history of Ores India 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
No delayed payments to MSME suppliers are on our record for Ores India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ores India has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACO2108C1ZF | Odisha | Active | 01 Jul 2017 |
| 20AAACO2108C1ZH | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ores India Private Limited, buy the company report.
Recent activity
Ores India Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Dina Nath Passary was appointed as Director on 18 Aug 2021.
28 earlier events are in the company report.
Frequently asked questions
Ores India is an active private limited company based in Rourkela, Odisha, India. The company works in carriers services, within the transport and logistics industry. It was incorporated on 31 March 1997 (29+ years old) and is registered under CIN U13100OR1997PTC004858.
Ores India has 2 current directors:
- Vinay Vineet Passary - Managing Director
- Dina Nath Passary - Director
The latest financial statements of Ores India 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 Ores India is 21AAACO2108C1ZF, registered in Odisha. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 20AAACO2108C1ZH (Jharkhand).
The CIN (Corporate Identification Number) of Ores India is U13100OR1997PTC004858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ores India has 52 court cases on record: 12 filed by the company and 40 filed against it. 12 are pending. Most are in the district courts.
Ores India was incorporated on 31 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Ores India by revenue are Abr Roadlines Private Limited, New Bombay Roadlines Private Limited, Bareilly Logistics Private Limited, Parnami Logistics India Private Limited, Golden Aero Logistics and Concierge Services Private Limited and 2 more, all in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road).
Dina Nath Passary was appointed as Director on 18 Aug 2021. Pankaj Agrawal ceased to be Director on 18 Aug 2021. Dina Nath Passary ceased to be Director on 11 Oct 2019. Ores India has 7 board changes on record in total.
Ores India can be reached through the website passarygroup.com. Its registered office is in Rourkela, Odisha, India.
The registered office of Ores India is at Plot No 379 Uditnagar, Rourkela, Odisha, India – 769012.
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