About Posco India Processing Center Private Limited
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Posco India Processing Center Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Posco Holding Inc.. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 03 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27100HR2009PTC066154. Its GSTIN is 06AAFCP0211N1ZM (Haryana). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹257.8 Cr and a paid-up capital of ₹215.13 Cr. It was formerly known as Posco India Chennai Steel Processing Centre Private Limited. It is led by directors including Kwang Ho Ha (Managing Director) and Janglyul Choi.
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 Gurgaon, Haryana.
As per the financials filed for FY 2022, the company reported a revenue of ₹4,722.61 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹117.52 Cr (net margin 2.5%) and EBITDA of ₹208.95 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 29% over five years.
The company has about 335 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.8 Cr and satisfied charges of ₹70 Cr on record. Court records list 16 cases involving the company, including 14 filed by the company and 2 filed against it; 11 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.12 Cr; the latest was in March 2018. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website posco-india.com.
Company details
Name history
Posco India Processing Center has undergone 4 name changes throughout its history. The current legal name is Posco India Processing Center Private Limited.
| Company Name | Status |
|---|---|
| Posco India Processing Center Private Limited | Current |
| Posco India Chennai Steel Processing Centre Private Limited | Previous |
| Posco India Holdings Private Limited | Previous |
| Posco-India Holdings Private Limited | Previous |
CIN history
Posco India Processing Center has one previous CIN (Corporate Identification Number): U27100TN2009PTC071238. The current CIN is U27100HR2009PTC066154, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100HR2009PTC066154 | Current |
| U27100TN2009PTC071238 | Previous |
Contact details
Posco India Processing Center Private Limited's registered office is in Gurgaon, Haryana. Its website is posco-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9th Floor Wing B Milestone Experion Centre, NH – 48 Sector – 15, Gurgaon, Haryana, India – 122001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Posco India Processing Center 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
Financials of Posco India Processing Center Private Limited
FY 2024 filings availablePosco India Processing Center Private Limited reported revenue of ₹4,722.61 Cr (up 55% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 55% growth in the latest year. EBITDA rose 137% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4,722.61 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹208.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹117.52 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Posco India Processing Center Private Limited, buy the company report.
Board of directors of Posco India Processing Center Private Limited
Posco India Processing Center has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janglyul Choi | Director | 06 Feb 2024 | 2 Years 8 Months | Current |
| Kwang Ho Ha | Managing Director | 06 Feb 2024 | 2 Years 8 Months | Current |
| Jang Woong Kang | Director | 21 Dec 2023 | 2 Years 10 Months | Current |
| Euncheol Lee | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
Auditor
Posco India Processing Center Private Limited is audited by B S R & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Associates LLP | FY 2022 | 116231W/W-100024 |
Shareholding
The shareholding of Posco India Processing Center 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 Posco India Processing Center Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2009 | 10144282 | Others | ₹5.8 Cr | Open | |
| 10 Jun 2011 | 10296323 | Hdfc Bank Limited | ₹35 Cr | Satisfied | |
| 12 Oct 2010 | 10252208 | Hdfc Bank Limited | ₹12.5 Cr | Satisfied | |
| 21 May 2010 | 10227641 | Hdfc Bank Limited | ₹22.5 Cr | Satisfied |
To see the full charge records of Posco India Processing Center Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Posco India Processing Center Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.12 Cr; the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2017 | Funding round | ₹133.11 Cr | Investors: Samsung C&T Corporation, Posco Company Limited, Shinhan Bank Company Limited, an individual |
| Dec 2014 | Funding round | ₹23.81 Cr | Investors: an individual |
| Dec 2009 | Funding round | ₹58.2 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Posco India Processing Center Private Limited has 16 court cases on record: 14 filed by Posco India Processing Center, 2 filed against it. 11 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 7 |
| District courts | 6 | 0 | 4 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed by the company against Nucleus Satellite Communications (Madras)Pvt Ltd | Pending |
| High Court, West Bengal | Civil suit | Filed by the company against Suprabha Industries Limited | Pending |
| High Court, HARYANA | Writ petition | Filed by the company against Haryana State Industrial and Infrastructure Development Corporation Limited and Anr and 1 other | Pending |
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed by the company against Nucleus Satellite Communications Private Limited and 2 others | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Posco India Processing Center 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
Posco India Processing Center Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Nippon Slit and Cutting Line | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Posco India Processing Center Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Posco India Processing Center Private Limited has a workforce of 335 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Posco India Processing Center has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCP0211N1ZM | Haryana | Active | 15 Sep 2017 |
| 24AAFCP0211N1ZO | Gujarat | Active | 17 Oct 2017 |
| 27AAFCP0211N1ZI | Maharashtra | Active | 01 Oct 2019 |
To see the full GST registrations and return filing status of Posco India Processing Center Private Limited, buy the company report.
Recent activity
Posco India Processing Center Private Limited has 25 board changes on record since 2009: 4 appointments and 21 cessations. The latest: Jang Woong Kang ceased to be Additional Director on 29 Sep 2024.
24 earlier events are in the company report.
Frequently asked questions
Posco India Processing Center is an active private limited company based in Gurgaon, Haryana, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 03 April 2009 (17+ years old) and is registered under CIN U27100HR2009PTC066154.
Posco India Processing Center has 4 current directors:
- Kwang Ho Ha - Managing Director
- Janglyul Choi - Director
- Jang Woong Kang - Director
- Euncheol Lee - Director
The latest financial statements of Posco India Processing Center 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 Posco India Processing Center is 06AAFCP0211N1ZM, registered in Haryana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAFCP0211N1ZO (Gujarat), 27AAFCP0211N1ZI (Maharashtra).
The CIN (Corporate Identification Number) of Posco India Processing Center is U27100HR2009PTC066154. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Posco India Processing Center has 16 court cases on record: 14 filed by the company and 2 filed against it. 11 are pending. Most are in the high courts.
Posco India Processing Center was incorporated on 03 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Posco India Processing Center has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.12 Cr; the latest was in March 2018.
Jang Woong Kang ceased to be Additional Director on 29 Sep 2024. Janglyul Choi ceased to be Additional Director on 29 Sep 2024. Kwang Ho Ha ceased to be Additional Director on 28 Feb 2024. Posco India Processing Center has 25 board changes on record in total.
Posco India Processing Center has 5 MSME Form 1 returns on record between 2019 and 2022, listing 54 overdue payments to 24 micro and small suppliers. The latest return was filed on 28 Apr 2022.
Posco India Processing Center can be reached through the website posco-india.com. Its registered office is in Gurgaon, Haryana, India.