About Rathi TMT Saria Private Limited
Data last updated:
Rathi TMT Saria Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 04 February 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL2003PTC118794. Its GSTIN is 08AACCR4113Q1Z4 (Rajasthan). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹14.7 Cr and a paid-up capital of ₹14.66 Cr. It is led by directors Arun Kumar Rathi and Anuj Sharma.
Its last annual general meeting (AGM) was held on 27 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at C – 220 2nd Floor Savitri Nagar, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2018, the company reported a revenue of ₹217.16 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹26.85 Cr (net margin -12.4%) and EBITDA of -₹25.34 Cr (EBITDA margin -11.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹70.39 Cr on record. Court records list 117 cases involving the company, including 54 filed by the company and 64 filed against it; 19 cases are pending. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹43.98 Cr; the latest was in May 2014. Its 7 peer companies in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 3 smaller; the largest is Rhodium Ferro Alloys Private Limited with revenue of ₹222.15 Cr.
The last known website on record is rathisteel.net.
Company details
Contact details
Rathi TMT Saria Private Limited's registered office is in New Delhi, Delhi. Its website is rathisteel.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 220 2nd Floor Savitri Nagar, New Delhi, Delhi, India – 110017
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Rathi TMT Saria 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 Rathi TMT Saria 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 Rathi TMT Saria Private Limited, buy the company report.
Financials of Rathi TMT Saria Private Limited
FY 2018 filings availableRathi TMT Saria Private Limited reported revenue of ₹217.16 Cr (down 19% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹217.16 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹25.34 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹26.85 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -11.7% | |||
| Net Profit Margin | -12.4% | |||
| 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 Rathi TMT Saria Private Limited, buy the company report.
Board of directors of Rathi TMT Saria Private Limited
Rathi TMT Saria has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Kumar Rathi Also directs: Rathi Brotherson LLP | Additional Director | 20 Apr 2017 | 9 Years 6 Months | As last reported |
| Anuj Sharma | Additional Director | 15 Jul 2016 | 10 Years 3 Months | As last reported |
Peer comparison
Rathi TMT Saria Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| Rhodium Ferro Alloys Private Limited | ₹222.15 Cr (FY 2024) | -10.0% | Bangalore, Karnataka, India | |||
| Shree Ramdoot Metloys Private Limited | ₹221.34 Cr (FY 2025) | 19.0% | Kolkata, West Bengal, India | |||
| Elcon Alloys Private Limited | ₹218.46 Cr (FY 2025) | -21.0% | Delhi, India | |||
| RHJ Tubes Private Limited | ₹217.68 Cr (FY 2023) | 5.0% | Umbergaon, Gujarat, India | |||
| Rathi TMT Saria Private Limitedthis company | ₹217.16 Cr (FY 2018) | -₹26.85 Cr | -12.4% | -19.0% | New Delhi, Delhi, India | |
| Platinum Alloys Private Limited | ₹216.56 Cr (FY 2025) | 4.0% | Tippi, Arunachal Pradesh, India | |||
| Aniket Metals Private Limited | ₹215.95 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Unistar Metals Private Limited | ₹213.06 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Rathi TMT Saria Private Limited, buy the company report.
Auditor
Rathi TMT Saria Private Limited is audited by KRISHAN RAKESH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHAN RAKESH & CO | FY 2018 | 009088N |
Shareholding
The shareholding of Rathi TMT Saria Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rathi TMT Saria Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2011 | 10316315 | Indian Overseas Bank | ₹3.93 Cr | Open | |
| 09 Sep 2010 | 10245745 | Indian Overseas Bank | ₹2.49 Cr | Open | |
| 09 Sep 2010 | 10245739 | Indian Overseas Bank | ₹2 Cr | Open | |
| 09 Sep 2010 | 10245746 | Indian Overseas Bank | ₹12 Lakh | Open | |
| 30 Jun 2009 | 10171444 | Indian Overseas Bank | ₹1.28 Cr | Open |
To see the full charge records of Rathi TMT Saria Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Rathi TMT Saria Private Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹43.98 Cr; the latest was in May 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Funding round | ₹26.65 Cr | Investors: Shrivats Castings Private Limited , Sesun Marketing Pvt. Ltd. , Suvridhi Tradelink Private Limited |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Aarav Rathi Family Trust, Rathi Saria Limited , 2 individuals Seller: an individual |
| Mar 2011 | Funding round | ₹4.01 Cr | Investors: Sesun Marketing Pvt. Ltd. , 3 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jai Mata Pipes Private Limited , Padamanabhan Overseas Private Limited |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ritika Finance and Investment Private Limited , RSJ Credit and Capital Private Limited , 2 individuals |
To see the full deal history of Rathi TMT Saria Private 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
Rathi TMT Saria Private Limited has 117 court cases on record: 54 filed by Rathi TMT Saria, 64 filed against it. 19 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 67 | 25 | 6 |
| District courts | 34 | 25 | 1 |
| NCLAT | 15 | 13 | 12 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Prudent Arc Ltd. | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by M/S. Rathi TMT Saria Pvt. Ltd. and 4 others | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against M/S. Rathi TMT Saria Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S. Sundrex Oil Company Limited | Disposed |
| District court, West, Delhi | Commercial suit | Filed against the company by Paras Petro Plast India P Ltd | Disposed |
To see the full case history of Rathi TMT Saria 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 Rathi TMT Saria Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rathi TMT Saria has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCR4113Q1Z4 | Rajasthan | Active | 01 Jul 2017 |
| 08AACCR4113Q2Z3 | Rajasthan | Active | 26 Feb 2021 |
To see the full GST registrations and return filing status of Rathi TMT Saria Private Limited, buy the company report.
Recent activity
Rathi TMT Saria Private Limited has 20 board changes on record since 2008: 2 appointments and 18 cessations. The latest: Anuj Sharma ceased to be Additional Director on 07 Sep 2019.
23 earlier events are in the company report.
Frequently asked questions
Rathi TMT Saria is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Rathi TMT Saria is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 04 February 2003 and is registered under CIN U27109DL2003PTC118794. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rathi TMT Saria has 2 current directors:
- Arun Kumar Rathi - Additional Director
- Anuj Sharma - Additional Director
The latest financial statements of Rathi TMT Saria on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rathi TMT Saria is U27109DL2003PTC118794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rathi TMT Saria has open charges of ₹70.39 Cr and no satisfied charges on record as per latest MCA filings.
Rathi TMT Saria has 117 court cases on record: 54 filed by the company and 64 filed against it. 19 are pending. Most are in the high courts.
Rathi TMT Saria was incorporated on 04 February 2003. It is registered with the Registrar of Companies, Delhi.
Rathi TMT Saria has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹43.98 Cr; the latest was in May 2014.
The peers of Rathi TMT Saria by revenue are Rhodium Ferro Alloys Private Limited, Shree Ramdoot Metloys Private Limited, Elcon Alloys Private Limited, RHJ Tubes Private Limited, Platinum Alloys Private Limited and 2 more, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Anuj Sharma ceased to be Additional Director on 07 Sep 2019. Arun Kumar Rathi was appointed as Additional Director on 20 Apr 2017. Shrivats Rathi ceased to be Director on 20 Apr 2017. Rathi TMT Saria has 20 board changes on record in total.