About Paras Ispat Limited
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Paras Ispat Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB2006PLC111698. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹10.1 Cr. It is led by directors including Ankit Kumar Mihariya and Usha Kumari.
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 14C M.D. Road 3rd Floor, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.4 Lakh. For the same year it recorded a net loss of ₹35,007 (net margin -25%) and EBITDA of ₹46,636 (EBITDA margin 33.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹452.84 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending. The company has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹42.35 Cr; the latest was in November 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parassteels.com.
Company details
Contact details
Paras Ispat Limited's registered office is in Kolkata, West Bengal. Its website is parassteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address14C M.D. Road 3rd Floor, Kolkata, West Bengal, India – 700007
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Paras Ispat 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 Paras 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 Paras Ispat Limited, buy the company report.
Financials of Paras Ispat Limited
FY 2024 filings availableParas Ispat Limited reported revenue of ₹1.4 Lakh for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years. EBITDA fell 31% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹46,636 | ||||
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| Net Profit (PAT) | -₹35,007 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 33.4% | ||||
| Net Profit Margin | -25% | ||||
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To see the full financial statements and ratios of Paras Ispat Limited, buy the company report.
Board of directors of Paras Ispat Limited
Paras Ispat has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Kumar Mihariya | Director | 16 Feb 2022 | 4 Years 8 Months | Current |
| Usha Kumari Also directs: Shree Parashnath Re-Roolling Mills Limited | Director | 17 Dec 2022 | 3 Years 10 Months | Current |
| Nishant Kumar Nirbhay Also directs: Sova Electrocasting Limited, Shree Parashnath Re-Roolling Mills Limited, Dimension Steel & Alloys Private Limited and 5 more | Additional Director | 30 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Paras Ispat Limited is audited by A. K. Barman & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. K. Barman & Associates | FY 2023 | 316190E |
Shareholding
The shareholding of Paras Ispat 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 Paras Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2018 | 100192192 | Sbicap Trustee Company Limited | ₹220.54 Cr | Open | |
| 09 Mar 2015 | 10557569 | State Bank of India | ₹232.3 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Paras Ispat Limited has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹42.35 Cr; the latest was in November 2022.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹9.5 Cr | Investors: Jai Shree Steels Pvt Ltd, Savitri Ispat India Private Limited |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Brahm (Alloys) Limited Seller: C P Ispat Unit Ii Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: C P Ispat Unit Ii Private Limited Seller: Overtop Infra Projects Private Limited , Premkunj Infrastructure Private Limited , Subhrashi Enclave Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Savitri Ispat India Private Limited Seller: Neelgagan Commodeal Private Limited , Moontree Nirman Private Limited , Jagsakti Exim Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Bisco Metal Power Pvt Ltd Seller: Royalpet Commodities Private Limited , Pawanshiv Vintrade Private Limited , Madhuban Barter Private Limited |
To see the full deal history of Paras Ispat 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
Paras Ispat Limited has 6 court cases on record: 6 filed by Paras Ispat. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 1 |
Cases on record (2 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Disposed |
To see the full case history of Paras Ispat 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 Paras Ispat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paras Ispat has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Paras Ispat Limited, buy the company report.
Recent activity
Paras Ispat Limited has 13 board changes on record since 2015: 3 appointments and 10 cessations. The latest: Nishant Kumar Nirbhay was appointed as Additional Director on 30 Mar 2024.
6 earlier events are in the company report.
Frequently asked questions
Paras Ispat is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 November 2006 (20+ years old) and is registered under CIN U27109WB2006PLC111698.
Paras Ispat has 3 current directors:
- Ankit Kumar Mihariya - Director
- Usha Kumari - Director
- Nishant Kumar Nirbhay - Additional Director
The latest financial statements of Paras 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.
No. Paras Ispat has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Paras Ispat is U27109WB2006PLC111698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paras Ispat has 6 court cases on record: 6 filed by the company. 1 is pending.
Paras Ispat was incorporated on 07 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Kolkata.
Paras Ispat has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹42.35 Cr; the latest was in November 2022.
Nishant Kumar Nirbhay was appointed as Additional Director on 30 Mar 2024. Usha Kumari ceased to be Additional Director on 29 Sep 2023. Usha Kumari was appointed as Director on 17 Dec 2022. Paras Ispat has 13 board changes on record in total.
Paras Ispat can be reached through the website parassteels.com. Its registered office is in Kolkata, West Bengal, India.
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