MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-30-0001752
Refulgent Ispat Private Limited
Refulgent Ispat Private Limited - metals and minerals in Sundargarh, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.88 Cr
▼ 19% YoY
Net loss · FY 2025
₹15 Lakh
Net margin -0.3%
EBITDA · FY 2025
₹48.21 Lakh
EBITDA margin 0.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹14 Cr
Satisfied ₹6.67 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
17
Provident fund records
About Refulgent Ispat Private Limited
Data last updated:
Refulgent Ispat Private Limited is a private limited company based in Sundargarh, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27104OR2000PTC006407. Its GSTIN is 21AABCR8429G1ZJ (Odisha).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Gagan Jalan and Ramesh Jalan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chikatmati Sonnugaonbeldhi Via: Kalunga, Sundargarh, Odisha, India – 770031.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.88 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹15 Lakh (net margin -0.3%) and EBITDA of ₹48.21 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 2% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹6.67 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Refulgent Ispat Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-30-0001752). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27104OR2000PTC006407
Registration Number 006407
Incorporation Date 26 December 2000
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-30-0001752
Key People
Gagan Jalan Director Ramesh Jalan Director Recognitions & Rankings of Refulgent Ispat
Contact details
Refulgent Ispat Private Limited's registered office is in Sundargarh, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressChikatmati Sonnugaonbeldhi Via: Kalunga, Sundargarh, Odisha, India – 770031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Refulgent Ispat Private Limited, buy the company report.
Comprehensive company report
Refulgent Ispat Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Refulgent 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 Refulgent Ispat Private Limited, buy the company report.
Financials of Refulgent Ispat Private Limited
FY 2025 filings availableRefulgent Ispat Private Limited reported revenue of ₹54.88 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹54.88 Cr ▼ 19%
Net loss · FY 2025
₹15 Lakh margin -0.3%
EBITDA · FY 2025
₹48.21 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 18%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 139%
3 years · compounded
▲ 28%
5 years · compounded
▼ 11%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 139% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹48.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Refulgent Ispat Private Limited, buy the company report.
Board of directors of Refulgent Ispat Private Limited
Refulgent Ispat has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gagan Jalan | Director | 01 Mar 2022 | 4 Years 8 Months | Current |
| Ramesh Jalan Also directs: Rar Ispat LLP, Refulgent Mineral Private Limited | Director | 26 Dec 2000 | 25 Years 10 Months | Current |
Peer comparison
Refulgent Ispat Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Jai Mateshwari Alloys Private Limited | ₹55.19 Cr (FY 2025) | 0.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Ideal Steels and Iron Enterprises Private Limited | ₹55.14 Cr (FY 2025) | -8.0% | Ahmednagar, Maharashtra, India | |||
| Cresmac Foundry Private Limited | ₹55.07 Cr (FY 2025) | 9.0% | South 24 Parganas, West Bengal, India | |||
| Divine Forge Pvt Ltd | ₹55.04 Cr (FY 2025) | -27.0% | Kolkata, West Bengal, India | |||
| Shree Vaishnav Alloys Private Limited | ₹55 Cr (FY 2018) | -5.0% | Mumbai, Maharashtra, India | |||
| Refulgent Ispat Private Limitedthis company | ₹54.88 Cr (FY 2025) | -₹15 Lakh | -0.3% | -19.0% | 17 | Sundargarh, Odisha, India |
| Reform Tools Private Limited | ₹54.83 Cr (FY 2025) | 42.0% | Kolkata, West Bengal, India | |||
| Radhe Hurkat Ispat Private Limited | ₹54.8 Cr (FY 2025) | -20.0% | Raipur, Chhattisgarh, India | |||
| Arun Smelters Private Limited | ₹54.71 Cr (FY 2025) | 41.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Refulgent Ispat Private Limited, buy the company report.
Auditor
Refulgent Ispat Private Limited is audited by KADMAWALA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADMAWALA & CO | FY 2021 | 323212E |
Shareholding
The shareholding of Refulgent Ispat Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Refulgent Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14 Cr
Satisfied charges
₹6.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2023 | 100693078 | Hdfc Bank Limited | ₹3 Cr | Open | |
| 11 Jun 2021 | 100459705 | Hdfc Bank Limited | ₹5.5 Cr | Open | |
| 11 Jun 2021 | 100477542 | Hdfc Bank Limited | ₹5.5 Cr | Open | |
| 26 Mar 2018 | 100172816 | Others | ₹22.5 Lakh | Satisfied | |
| 28 Oct 2016 | 100061814 | Others | ₹19.95 Lakh | Satisfied |
To see the full charge records of Refulgent Ispat Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Refulgent Ispat Private Limited has 3 court cases on record: 2 filed by Refulgent Ispat, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against Principal Commissioner of Income Tax(Central), Visakhapatnam and 1 other | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against Principal Commnr. of Income Tax and 2 others | Disposed |
| District court, Sundargarh, Orissa | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Refulgent Ispat 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.
Credit ratings & regulatory alerts
Refulgent Ispat Private Limited was last rated by Care on 09 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Jun 2021 |
To see the full credit ratings and regulatory alerts of Refulgent Ispat Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Refulgent Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Refulgent Ispat has 3 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
3
Associated companies
Employees & EPFO
Refulgent Ispat Private Limited has a workforce of 17 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-5.56%
GST
Refulgent Ispat has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCR8429G1ZJ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Refulgent Ispat Private Limited, buy the company report.
Recent activity
Refulgent Ispat Private Limited has 4 board changes on record since 2000: 2 appointments and 2 cessations. The latest: Raghunandan Jalan ceased to be Director on 31 Mar 2022.
Charges
A charge registered on 26 Mar 2018 via Charge ID 100172816 with Others was fully satisfied on 16 Jan 2026.
Charges
A charge registered on 28 Oct 2016 via Charge ID 100061814 with Others was fully satisfied on 04 Nov 2025.
AGM
Refulgent Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Refulgent Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100693078 was registered on 15 Feb 2023.
Ceased
Raghunandan Jalan ceased to be Director.
Appointed
Gagan Jalan was appointed as Director.
Charges
A charge registered on 08 Sep 2008 via Charge ID 10125580 with Bank Of Baroda was fully satisfied on 29 Nov 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 5.50 Cr registered on 11 Jun 2021 with Charge ID 100459705 was modified on 21 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.50 Cr with Charge ID 100477542 was registered on 11 Jun 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.50 Cr with Charge ID 100459705 was registered on 11 Jun 2021.
Ceased
Kanhaiya Singh ceased to be Director.
9 earlier events are in the company report.
Frequently asked questions
Refulgent Ispat is an active private limited company based in Sundargarh, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 December 2000 (26+ years old) and is registered under CIN U27104OR2000PTC006407.
Refulgent Ispat has 2 current directors:
- Gagan Jalan - Director
- Ramesh Jalan - Director
The latest financial statements of Refulgent Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Refulgent Ispat is 21AABCR8429G1ZJ, registered in Odisha.
The CIN (Corporate Identification Number) of Refulgent Ispat is U27104OR2000PTC006407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refulgent Ispat has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Refulgent Ispat was incorporated on 26 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Refulgent Ispat by revenue are Jai Mateshwari Alloys Private Limited, Ideal Steels and Iron Enterprises Private Limited, Cresmac Foundry Private Limited, Divine Forge Pvt Ltd, Shree Vaishnav Alloys Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Raghunandan Jalan ceased to be Director on 31 Mar 2022. Gagan Jalan was appointed as Director on 01 Mar 2022. Kanhaiya Singh ceased to be Director on 09 Jun 2018. Refulgent Ispat has 4 board changes on record in total.
Yes, Refulgent Ispat is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-30-0001752).
The registered office of Refulgent Ispat is at Chikatmati Sonnugaonbeldhi Via: Kalunga, Sundargarh, Odisha, India – 770031.
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