About Rashmi Ispat Limited
Data last updated:
Rashmi Ispat Limited is a public limited company based in Paschim Medinipur, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51216WB1992PLC056200. Its GSTIN is 19AABCR8203N1Z1 (West Bengal).
The company has an authorised share capital of ₹15.36 Cr and a paid-up capital of ₹4.88 Cr. It was formerly known as Rashmi Ispat Private Limited and Karanpura Mercantiles Private Limited. It is led by directors including Rashmi Devi Patwari (Managing Director) and Vivek Kumar Saha.
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 Post Jhargramw.E.F. 08.06.99 P.S. Jhargram, Paschim Medinipur, West Bengal, India – 721507.
As per the financials filed for FY 2024, the company reported a revenue of ₹343.27 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.46 Cr (net margin 1.3%) and EBITDA of ₹12.6 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 8% over five years.
The company has about 134 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹56.95 Cr and satisfied charges of ₹26.26 Cr on record. Court records list 16 cases involving the company, including 12 filed by the company and 4 filed against it; 6 cases are pending. The company has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹37.57 Cr; the latest was in December 2019. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Shivali Udyog (I) Private Limited with revenue of ₹345.44 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rashmiispat.com.
Company details
Name history
Rashmi Ispat has undergone 2 name changes throughout its history. The company was previously known as Rashmi Ispat Private Limited, and Karanpura Mercantiles Private Limited. The current legal name is Rashmi Ispat Limited.
| Company Name | Status |
|---|---|
| Rashmi Ispat Limited | Current |
| Rashmi Ispat Private Limited | Previous |
| Karanpura Mercantiles Private Limited | Previous |
CIN history
Rashmi Ispat has one previous CIN (Corporate Identification Number): U99999WB1992PLC056200. The current CIN is U51216WB1992PLC056200, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51216WB1992PLC056200 | Current |
| U99999WB1992PLC056200 | Previous |
Contact details
Rashmi Ispat Limited's registered office is in Paschim Medinipur, West Bengal. Its website is rashmiispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPost Jhargramw.E.F. 08.06.99 P.S. Jhargram, Paschim Medinipur, West Bengal, India – 721507
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Rashmi 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 Rashmi 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 Rashmi Ispat Limited, buy the company report.
Financials of Rashmi Ispat Limited
FY 2024 filings availableRashmi Ispat Limited reported revenue of ₹343.27 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 7% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.46 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Rashmi Ispat Limited, buy the company report.
Board of directors and KMP of Rashmi Ispat Limited
Rashmi Ispat Limited currently reports 5 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashmi Devi Patwari Also directs: Tolani Commodities Pvt Ltd, Snehjyoti Suppliers Pvt Ltd | Managing Director | 01 Jul 2019 | 7 Years 4 Months | Current |
| Vivek Kumar Saha | Director | 10 Mar 2015 | 11 Years 7 Months | Current |
| Piasha Pati | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Satish Daruka | Company Secretary | 09 Jan 2017 | 9 Years 9 Months | Current |
| Santosh Devi Patwari Also directs: Tolani Commodities Pvt Ltd, Snehjyoti Suppliers Pvt Ltd | Director | 01 Jul 2019 | 7 Years 4 Months | Current |
| Swapan Banerjee | Director | 21 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Rashmi Ispat Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Shivali Udyog (I) Private Limited | ₹345.44 Cr (FY 2025) | -4.0% | Raipur, Chhattisgarh, India | |||
| PCK Buderus (India) Special Steels Private Limited | ₹345.41 Cr (FY 2024) | 55.0% | T.Nagar, Chennai-600017, Tamil Nadu, India | |||
| The Indian Steel & Wire Products Ltd | ₹344.5 Cr (FY 2023) | -5.0% | Kolkata, West Bengal, India | |||
| Raghuvir Stainless Steel Private Limited | ₹344.47 Cr (FY 2025) | 51.0% | Rajkot, Gujarat, India | |||
| Akshara Industries Private Limited | ₹343.82 Cr (FY 2025) | -20.0% | Chennai, Tamil Nadu, India | |||
| Rashmi Ispat Limitedthis company | ₹343.27 Cr (FY 2024) | ₹4.46 Cr | 1.3% | -8.0% | 134 | Paschim Medinipur, West Bengal, India |
| Aman Rolling Mills Private Limited | ₹342.96 Cr (FY 2024) | 33.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Topworth Urja & Metals Limited | ₹342.38 Cr (FY 2025) | 4.0% | Umred, Maharashtra, India | |||
| Yashoda Nandan Ispat Private Limited | ₹341.38 Cr (FY 2025) | -14.0% | Birgaon, Chhattisgarh, India | |||
| Govardhan Ispat (India) Private Limited | ₹340.82 Cr (FY 2025) | 18.0% | Patna, Bihar, India |
To see the full peer comparison of Rashmi Ispat Limited, buy the company report.
Auditor
Rashmi Ispat Limited is audited by Mitruka & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mitruka & Associates | FY 2023 | 323828E |
Shareholding
The shareholding of Rashmi 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 Rashmi Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2024 | 100905191 | Others | ₹68 Lakh | Open | |
| 15 Dec 2022 | 100658086 | Others | ₹2.69 Cr | Open | |
| 27 Dec 2019 | 100317872 | Others | ₹53.58 Cr | Open | |
| 29 Sep 2018 | 100214708 | State Bank of India | ₹5.38 Cr | Satisfied | |
| 20 Sep 2005 | 90248920 | United Bank of India | ₹7 Cr | Satisfied |
To see the full charge records of Rashmi Ispat Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Rashmi Ispat Limited has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹37.57 Cr; the latest was in December 2019.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Srumaan Retail Private Limited , Suphoria Distributors Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Suphoria Distributors Private Limited , Srumaan Retail Private Limited , 2 individuals Seller: Pewee Infrastructure Private Limited , Gourav Finance Private Limited , Pratham Trexim Private Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Chhajer Credit & Investments Private Limited , Bloom Dealmark Private Limited , Rudani Estates Private Limited |
| Mar 2012 | Funding round | ₹9.8 Cr | Investors: Chhajer Credit & Investments Private Limited , Evernew Impex Private Limited , Eme Developers Private Limited |
| Nov 2011 | Funding round | ₹9.58 Cr | Investors: Neelkamal Tradelink Private Limited , Pewee Infrastructure Private Limited , Gourav Finance Private Limited |
To see the full deal history of Rashmi 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
Rashmi Ispat Limited has 16 court cases on record: 12 filed by Rashmi Ispat, 4 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 3 | 5 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Court case (CRR) | Filed by the company against State of West Bengal and Anr | Pending |
| High Court, West Bengal | Civil suit | Filed against the company by Union of India , Ministry of Railways and Ors | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Union of India & Ors | Pending |
| High Court | Civil suit | Filed against the company by Union of India | Pending |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Union of India and Ors. Etc. Through Its Secretary Through Its Secretary Ministry of Railways, Rail Bhavan , District: New Delhi ,New Delhi , Delhi and 65 others | Pending |
To see the full case history of Rashmi 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.
Credit ratings & regulatory alerts
Rashmi Ispat Limited was last rated by Brickwork on 09 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Oct 2019 |
To see the full credit ratings and regulatory alerts of Rashmi Ispat Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rashmi Ispat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rashmi Ispat has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Rashmi Ispat Limited has a workforce of 134 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Rashmi Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCR8203N1Z1 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rashmi Ispat Limited, buy the company report.
Recent activity
Rashmi Ispat Limited has 14 board changes on record since 2013: 6 appointments and 8 cessations. The latest: Swapan Banerjee ceased to be Director on 30 Jun 2022.
23 earlier events are in the company report.
Frequently asked questions
Rashmi Ispat is an active public limited company based in Paschim Medinipur, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 August 1992 (34+ years old) and is registered under CIN U51216WB1992PLC056200.
Rashmi Ispat has 6 current directors and KMP:
- Rashmi Devi Patwari - Managing Director
- Vivek Kumar Saha - Director
- Piasha Pati - Director
- Santosh Devi Patwari - Director
- Swapan Banerjee - Director
- Satish Daruka - Company Secretary
The latest financial statements of Rashmi 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 Rashmi Ispat is 19AABCR8203N1Z1, registered in West Bengal.
The CIN (Corporate Identification Number) of Rashmi Ispat is U51216WB1992PLC056200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashmi Ispat has 16 court cases on record: 12 filed by the company and 4 filed against it. 6 are pending. Most are in the high courts.
Rashmi Ispat was incorporated on 07 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Kolkata.
Rashmi Ispat has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹37.57 Cr; the latest was in December 2019.
The peers of Rashmi Ispat by revenue are Shivali Udyog (I) Private Limited, PCK Buderus (India) Special Steels Private Limited, The Indian Steel & Wire Products Ltd, Raghuvir Stainless Steel Private Limited, Akshara Industries Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Swapan Banerjee ceased to be Director on 30 Jun 2022. Rashmi Devi Patwari ceased to be Director on 01 Oct 2019. Piasha Pati ceased to be Additional Director on 27 Sep 2019. Rashmi Ispat has 14 board changes on record in total.
Rashmi Ispat can be reached through the website rashmiispat.com. Its registered office is in Paschim Medinipur, West Bengal, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
