Paragon Steels Private Limited
About Paragon Steels Private Limited
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Paragon Steels Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 May 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27109TZ1983PTC001276. Its GSTIN is 32AABCP3039J1ZN (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹17.6 Cr and a paid-up capital of ₹15 Cr. It is led by directors Abdul Khadar and Tharayil Mohammed Mustafa.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at III Rd Floor ' Excellence Building ' 104 Race Course, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.48 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹50.38 Lakh (net margin -34.1%) and EBITDA of ₹1.11 Cr (EBITDA margin 75.2%).
As per MCA filings, the company has open charges of ₹355.03 Cr and satisfied charges of ₹523.73 Cr on record. Court records list 59 cases involving the company, including 43 filed by the company and 16 filed against it; 2 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in October 2013. Its 3 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Pearlite Steel Private Limited with revenue of ₹1.49 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Paragon Steels Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIII Rd Floor ' Excellence Building ' 104 Race Course, Coimbatore, Tamil Nadu, India – 641018
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Paragon Steels 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 Paragon Steels 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 Paragon Steels Private Limited, buy the company report.
Financials of Paragon Steels Private Limited
FY 2024 filings availableParagon Steels Private Limited reported revenue of ₹1.48 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA fell 30% in the latest 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 | ₹1.11 Cr | ||||
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| Net Profit (PAT) | -₹50.38 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 | 75.2% | ||||
| Net Profit Margin | -34.1% | ||||
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To see the full financial statements and ratios of Paragon Steels Private Limited, buy the company report.
Board of directors of Paragon Steels Private Limited
Paragon Steels has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Khadar Also directs: S M M Steel Re-Rolling Mills Private Limited, Landzer Agro Farms Private Limited, Top Granite Private Limited and 2 more | Additional Director | 22 Feb 2020 | 6 Years 8 Months | Current |
| Tharayil Mohammed Mustafa Also directs: S M M Steel Re-Rolling Mills Private Limited, Tharayil Automobiles Private Limited, Tharayil Dzone Private Limited and 2 more | Additional Director | 22 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Paragon Steels Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Pearlite Steel Private Limited | ₹1.49 Cr (FY 2025) | -82.0% | Rajkot, Gujarat, India | |||
| Paragon Steels Private Limitedthis company | ₹1.48 Cr (FY 2024) | -₹50.38 Lakh | -34.1% | 1.0% | Coimbatore, Tamil Nadu, India | |
| Aryan Loha & Alloys Private Limited | ₹1.46 Cr (FY 2018) | 281.0% | Durg, Chhattisgarh, India | |||
| Sant Krupa Steel India Private Limited | ₹1.46 Cr (FY 2017) | -69.0% | Umbhel, Gujarat, India |
To see the full peer comparison of Paragon Steels Private Limited, buy the company report.
Auditor
Paragon Steels Private Limited is audited by IYER & RAO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| IYER & RAO | FY 2016 | 010551S |
Shareholding
The shareholding of Paragon Steels Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Paragon Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2013 | 10458953 | Asset Reconstruction Company (India) Limited | ₹20 Cr | Open | |
| 15 May 2012 | 10361975 | City Union Bank Limited | ₹3 Cr | Open | |
| 04 May 2012 | 10362569 | City Union Bank Limited | ₹3 Cr | Open | |
| 18 Feb 2011 | 10284506 | Asset Reconstruction Company (India) Limited | ₹5 Cr | Open | |
| 17 Feb 2011 | 10284505 | Asset Reconstruction Company (India) Limited | ₹5 Cr | Open |
To see the full charge records of Paragon Steels Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Paragon Steels Private Limited has 5 deals on record (5 secondary share transfers); the latest was in October 2013.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: M P S Steel Castings Private Limited |
| Jul 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Bravado Commerce Private Limited , Metrology Vyapaar Private Limited , Symptom Vinimay Private Limited |
| Jul 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Symptom Vinimay Private Limited , Modem Vyapaar Private Limited , M Ambalavanan Huf, an individual Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Paragon Steels Private Limited has 59 court cases on record: 43 filed by Paragon Steels, 16 filed against it. 2 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 51 | 8 | 2 |
| District courts | 6 | 6 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against SMM Steel Re-Rolling Mills Pvt Ltd and 1 other | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against SMM Steel Re-Rolling Mills Pvt Ltd and 1 other | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against individuals | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Paragon Steels 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 Paragon Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paragon Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCP3039J1ZN | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paragon Steels Private Limited, buy the company report.
Recent activity
Paragon Steels Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Abdul Khadar was appointed as Additional Director on 22 Feb 2020.
55 earlier events are in the company report.
Frequently asked questions
Paragon Steels is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 May 1983 (43+ years old) and is registered under CIN U27109TZ1983PTC001276.
Paragon Steels has 2 current directors:
- Abdul Khadar - Additional Director
- Tharayil Mohammed Mustafa - Additional Director
The latest financial statements of Paragon Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Paragon Steels is 32AABCP3039J1ZN, registered in Kerala. 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 Paragon Steels is U27109TZ1983PTC001276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paragon Steels has 59 court cases on record: 43 filed by the company and 16 filed against it. 2 are pending. Most are in the high courts.
Paragon Steels was incorporated on 02 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Coimbatore.
Paragon Steels has 5 deals on record (5 secondary share transfers); the latest was in October 2013.
The peers of Paragon Steels by revenue are Pearlite Steel Private Limited, Aryan Loha & Alloys Private Limited, Sant Krupa Steel India Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Abdul Khadar was appointed as Additional Director on 22 Feb 2020. Mairmuthu Paramasivam ceased to be Managing Director on 22 Feb 2020. Tharayil Mohammed Mustafa was appointed as Additional Director on 22 Feb 2020. Paragon Steels has 8 board changes on record in total.
The registered office of Paragon Steels is at III Rd Floor Excellence Building 104 Race Course, Coimbatore, Tamil Nadu, India – 641018.
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