Poscho Steels Private Limited - Company Profile

Q: Who are the current directors of Poscho Steels Private Limited?

The current directors of Poscho Steels Private Limited are Mangesh Heeraji Gorivale, Chandrakant Shankar Lad.

It is a metals and minerals private limited company based in Mumbai, Maharashtra, India, established in 1999.

1999 Mumbai, Maharashtra, India Dissolved Under Section 54

Last Updated: July 26, 2025

About Poscho Steels Private Limited

Poscho Steels Private Limited, a dissolved under section 54 private limited company, was established on 23 August 1999 in Mumbai, Maharashtra, India. Engaging in metal retail & distribution within the metals and minerals sector, it holds CIN: U51100MH1999PTC121425. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹8.00 Cr and a paid-up capital of ₹7.50 Cr.

It upholds a active non-compliant status. Its leadership includes Mangesh Heeraji Gorivale (Director), Chandrakant Shankar Lad (Director). Past directors included Vaibhav Prasanna Lodha, Indrakumar Onkarmul Dudhwewala, Manindra Sharma. It holds ₹129.75 Cr open charges and ₹10.00 Cr settled loans. Its latest AGM occurred on 30 September 2019, with the balance sheet filed on 31 March 2019. It is based at 308, 3Rd Floor Ceejay House Dr. A. B. Road, Worli, Mumbai, Maharashtra, 400018.

Company Details

CIN/LLPIN
U51100MH1999PTC121425
Registration Number
121425
Incorporation Date
23 August 1999
Authorized Capital
₹8.00 Cr
Paid-Up Capital
₹7.50 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Dissolved Under Section 54

Key Metrics

Authorised Capital ₹ 8.00 Cr as on 26-07-2025
Paid Up Capital ₹ 7.50 Cr as on 26-07-2025
Company Age 26 Year, 5 Months
Last Filing with ROC 31 Mar 2019
Open Charges ₹ 129.75 Cr as on 26-07-2025
Satisfied Charges ₹ 10.00 Cr as on 26-07-2025
Revenue Growth **** -99.98% (FY 2019)
Profit Growth **** -291.21% (FY 2019)
Ebitda **** 98.25% (FY 2019)
Net Worth -262.85% (FY 2019)
Total Assets -64.45% (FY 2019)

Comprehensive Company Insights

Explore comprehensive insights into Poscho Steels Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Poscho Steels Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mangesh Heeraji Gorivale	Director	15 Dec 2014	Current
Chandrakant Shankar Lad	Director	11 Jun 2014	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	15 Dec 2014	Past
Pramod Abcsdd	Additional Director	18 Jun 2014	Past
Pramod Abcsdd	Additional Director	16 Mar 2013	Past
Pramod Abcsdd	Director	28 Jul 2008	Past
Pramod Abcsdd	Director	28 Mar 2012	Past
Pramod Abcsdd	Director	07 Jan 2014	Past

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Financial Performance of Poscho Steels.

Poscho Steels Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 99.98% decrease. The company also saw a substantial fall in profitability, with a 291.21% decrease in profit. The company's net worth observed a substantial decline by a decrease of 262.85%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-99.98%

*******

Revenue from Operations

*******

Total Assets

*******

-64.45%

*******

Profit or Loss

*******

-291.21%

*******

Net Worth

*******

-262.85%

*******

EBITDA

*******

98.25%

*******

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What is the Ownership and Shareholding Structure of Poscho Steels?

In 2019, Poscho Steels had a promoter holding of 98.94% and a public holding of 1.07%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,297,500,000.00

Satisfied Charges

₹100,000,000.00

Charges Breakdown by Lending Institutions

Punjab National Bank : 129.75 Cr

Latest Charge Details

Date	Lender	Amount	Status
24 Aug 2009	Punjab National Bank	₹10.00 Cr	Open
07 May 2009	Punjab National Bank	₹10.00 Cr	Open
12 Mar 2008	Punjab National Bank	₹10.00 Cr	Open
24 Dec 2007	Punjab National Bank	₹5.00 Cr	Open
12 Sep 2007	Punjab National Bank	₹2.00 Cr	Open

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How Many Employees Work at Poscho Steels?

Unlock and access historical data on people associated with Poscho Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Poscho Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Poscho Steels's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Poscho Steels

Recent Activity within the Organization

Annual General Meeting

The activity Poscho Steels Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records. was completed.
30 Sep 2019
Balance Sheet

Progress on Poscho Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai. was documented.
31 Mar 2019
Director Appointment

Progress on Mangesh Heeraji Gorivale was appointed as a Director was appointed as a Director on 15 Dec 2014 & has been associated with this company since 11 years 1 month . was documented.
15 Dec 2014
Director Appointment

Progress on Chandrakant Shankar Lad was appointed as a Director was appointed as a Director on 11 Jun 2014 & has been associated with this company since 11 years 8 months . was documented.
11 Jun 2014
Charges

A charge with Punjab National Bank of Rs. 90.00 Cr registered on 17 Nov 2005 with Charge ID 80021326 was modified on 22 Jun 2011. was recorded as a recent event.
22 Jun 2011
Charges

Progress on A charge registered on 23 Mar 2010 via Charge ID 10210064 with Punjab National Bank was fully satisfied on 16 Jul 2010. was documented.
16 Jul 2010

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