MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-30-0004995
Ores Ispat Private Limited
Ores Ispat Private Limited - metals and minerals in Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.09 Cr
▲ 9% YoY
Net profit · FY 2024
₹1.25 Cr
Net margin 3.9%
EBITDA · FY 2024
₹1.9 Cr
EBITDA margin 5.9%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.16 Cr
Issued & subscribed
Open charges
₹3 Cr
Satisfied ₹4.23 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
40
Provident fund records
About Ores Ispat Private Limited
Data last updated:
Ores Ispat Private Limited is a private limited company based in Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 05 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2003PTC007365. Its GSTIN is 21AAACO6696D1ZK (Odisha).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.16 Cr. It is led by directors including Subham Agarwal and Mahabir Prasad Agarwal.
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 Qrs. No. O – 4/16, Odisha, India – 769004.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.09 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 3.9%) and EBITDA of ₹1.9 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹4.23 Cr on record. Court records list 41 cases involving the company, including 10 filed by the company and 31 filed against it; 15 cases are pending.
Ores Ispat Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-30-0004995). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27102OR2003PTC007365
Registration Number 007365
Incorporation Date 05 November 2003
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-OD-30-0004995
Key People
Subham Agarwal Director Mahabir Prasad Agarwal Director Akash Agarwal Additional Director Recognitions & Rankings of Ores Ispat
Contact details
Ores Ispat Private Limited's registered office is in Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressQrs. No. O – 4/16, Odisha, India – 769004
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ores Ispat Private Limited, buy the company report.
Comprehensive company report
Ores Ispat 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 Ores 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 Ores Ispat Private Limited, buy the company report.
Financials of Ores Ispat Private Limited
FY 2024 filings availableOres Ispat Private Limited reported revenue of ₹32.09 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹32.09 Cr ▲ 9%
Net profit · FY 2024
₹1.25 Cr margin 3.9%
EBITDA · FY 2024
₹1.9 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 14%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 92%
3 years · compounded
▲ 56%
5 years · compounded
▲ 55%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 9% growth in the latest year. EBITDA rose 92% 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 | |||||
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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 | ₹1.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.25 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ores Ispat Private Limited, buy the company report.
Board of directors of Ores Ispat Private Limited
Ores Ispat has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subham Agarwal Also directs: Sri Govindam Alloys LLP | Director | 30 Dec 2019 | 6 Years 10 Months | Current |
| Mahabir Prasad Agarwal Also directs: Ritika Logtech Private Limited | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Akash Agarwal | Additional Director | 06 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Ores Ispat 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 |
|---|---|---|---|---|---|---|
| Pitamber Metalfab Private Limited | ₹32.3 Cr (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Gangotri Steels India Private Limited | ₹32.25 Cr (FY 2025) | 14.0% | Indore, Madhya Pradesh, India | |||
| Ores Ispat Private Limitedthis company | ₹32.09 Cr (FY 2024) | ₹1.25 Cr | 3.9% | 9.0% | Odisha, India | |
| Maa Mani Industries Private Limited | ₹32.05 Cr (FY 2025) | -27.0% | Sundargarh Orissa, Odisha, India | |||
| Steelcon Technovision Private Limited | ₹31.87 Cr (FY 2025) | -3.0% | Pune, Maharashtra, India | |||
| Vanguard Steel Private Limited | ₹31.85 Cr (FY 2025) | 26.0% | Village Kalwas, Haryana, India | |||
| Pramila Steel Private Limited | ₹31.79 Cr (FY 2025) | -3.0% | Gamharia, Jharkhand, India |
To see the full peer comparison of Ores Ispat Private Limited, buy the company report.
Auditor
Ores Ispat Private Limited is audited by D M ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D M ASSOCIATES | FY 2023 | 320306E |
Shareholding
The shareholding of Ores 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 Ores Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3 Cr
Satisfied charges
₹4.23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2024 | 101026467 | Canara Bank | ₹3 Cr | Open | |
| 14 Jun 2018 | 100221905 | Hdfc Bank Limited | ₹33 Lakh | Satisfied | |
| 16 Apr 2005 | 90081386 | Oriental Bank of Commerce | ₹1.4 Cr | Satisfied | |
| 11 Oct 2004 | 90078422 | Industria Promotion and Investment Corporation of Orissa Lt | ₹2.5 Cr | Satisfied |
To see the full charge records of Ores Ispat Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ores Ispat Private Limited has 41 court cases on record: 10 filed by Ores Ispat, 31 filed against it. 15 cases are pending and 26 are disposed.
Total cases
41
Filed by the company
10
Filed against the company
31
Pending
15
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 20 | 13 |
| High courts | 15 | 6 | 2 |
| NCLAT | 5 | 5 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Appeal | Filed against the company by M/S. Utkal Metallics Limited , Rourkela and 8 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Sundargarh, Orissa | Court case (1(c)cc) | Filed against the company by Agroha Ispat P Ltd Director Naresh Ku Agrwal | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Industrial Promotion and Investmentcorporation of Odisha Limited | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed against the company by Industrial Promotion and Investmentcorporation of Odisha Limited | Disposed |
To see the full case history of Ores 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
No delayed payments to MSME suppliers are on our record for Ores Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ores Ispat has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACO6696D1ZK | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ores Ispat Private Limited, buy the company report.
Recent activity
Ores Ispat Private Limited has 17 board changes on record since 2008: 3 appointments and 14 cessations. The latest: Akash Agarwal was appointed as Additional Director on 06 Oct 2025.
Appointed
Akash Agarwal was appointed as Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 3.00 Cr with Charge ID 101026467 was registered on 21 Dec 2024.
AGM
Ores Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 14 Jun 2018 via Charge ID 100221905 with Hdfc Bank Limited was fully satisfied on 19 Sep 2024.
Charges
A charge registered on 11 Oct 2004 via Charge ID 90078422 with Industria Promotion And Investment Corporation Of Orissa Lt was fully satisfied on 13 Aug 2024.
Ceased
Binod Kumar Agrawal ceased to be Director.
Charges
A charge registered on 16 Apr 2005 via Charge ID 90081386 with Oriental Bank Of Commerce was fully satisfied on 21 Jun 2024.
Filing
Ores Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Ceased
Mahabir Prasad Agarwal ceased to be Additional Director.
Ceased
Subham Agarwal ceased to be Additional Director.
Appointed
Subham Agarwal was appointed as Director.
Ceased
Rahul Agarwal ceased to be Director.
17 earlier events are in the company report.
Frequently asked questions
Ores Ispat is an active private limited company based in Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 05 November 2003 (23+ years old) and is registered under CIN U27102OR2003PTC007365.
Ores Ispat has 3 current directors:
- Subham Agarwal - Director
- Mahabir Prasad Agarwal - Director
- Akash Agarwal - Additional Director
The latest financial statements of Ores 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 Ores Ispat is 21AAACO6696D1ZK, registered in Odisha.
The CIN (Corporate Identification Number) of Ores Ispat is U27102OR2003PTC007365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ores Ispat has 41 court cases on record: 10 filed by the company and 31 filed against it. 15 are pending. Most are in the district courts.
Ores Ispat was incorporated on 05 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Ores Ispat by revenue are Pitamber Metalfab Private Limited, Gangotri Steels India Private Limited, Maa Mani Industries Private Limited, Steelcon Technovision Private Limited, Vanguard Steel Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Akash Agarwal was appointed as Additional Director on 06 Oct 2025. Binod Kumar Agrawal ceased to be Director on 10 Jul 2024. Mahabir Prasad Agarwal ceased to be Additional Director on 31 Dec 2020. Ores Ispat has 17 board changes on record in total.
Yes, Ores Ispat is registered as a small enterprise under Udyam registration (number: UDYAM-OD-30-0004995).
The registered office of Ores Ispat is at Qrs. No. O – 416, Odisha, India – 769004.
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