About Reliable Sponge Private Limited
Data last updated:
Reliable Sponge Private Limited is a private limited company based in Rourkela, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27310OR2004PTC041051. Its GSTIN is 21AACCR7178P1ZV (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹7.56 Cr. It is led by directors including Pitabas Sahoo and Aditya Dua.
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 Plot No – 84 Industrial Estate Kalunga, Rourkela, Odisha, India – 770031.
As per the financials filed for FY 2023, the company reported a revenue of ₹847.43 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹13.83 Cr (net margin 1.6%) and EBITDA of ₹18.82 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 772 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹90 Cr and satisfied charges of ₹166.11 Cr on record. Court records list 50 cases involving the company, including 30 filed by the company and 10 filed against it; 21 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.66 Cr; the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliableindia.co.in.
CIN History of Reliable Sponge Private Limited
Reliable Sponge has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27310OR2004PTC041051, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310OR2004PTC041051 | Current |
| U27102WB2004PTC098257 | Previous |
| U27310WB2004PTC098257 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – 84 Industrial Estate Kalunga, Rourkela, Odisha, India – 770031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Financials of Reliable Sponge Private Limited FY 2024 filings available
Reliable Sponge Private Limited reported revenue of ₹847.43 Cr (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Reliable Sponge Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 20% growth in the latest year. EBITDA fell 11% 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 of Reliable Sponge Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹847.43 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.83 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 of Reliable Sponge Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Reliable Sponge are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Reliable Sponge Private Limited
Reliable Sponge has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pitabas Sahoo | Director | 01 Aug 2017 | 9 Years 2 Months | Current |
| Aditya Dua | Director | 05 May 2019 | 7 Years 5 Months | Current |
| Arun Kumar Dua | Director | 02 Apr 2004 | 22 Years 6 Months | Current |
| Mohini Dua | Director | 05 May 2019 | 7 Years 5 Months | Current |
Auditor Details of Reliable Sponge Private Limited
Reliable Sponge Private Limited is audited by Roshan Lal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Roshan Lal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Reliable Sponge Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Reliable Sponge Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jan 2020 | State Bank of India | ₹90 Cr | Open |
| 01 May 2017 | Sidbi | ₹2 Cr | Satisfied |
| 16 Mar 2013 | Hdfc Bank Limited | ₹21 Lakh | Satisfied |
| 10 Jul 2012 | Hdfc Bank Limited | ₹23 Lakh | Satisfied |
| 11 May 2012 | State Bank of India | ₹79 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Reliable Sponge Private Limited
Reliable Sponge Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.66 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: Vikas Dua HUF, Arun Kumar Dua HUF, Vijay Kumar Dua HUF, an individual Seller: Reliable Hi Tech Infrastructure Private Limited, Reliable Hitech Pvt Ltd , Reliable Udyog Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Rajendra Kumar Dua HUF, Vineet Dua HUF, Surendra Kumar Dua HUF, an individual Seller: Crydata Services Private Limited, Gold Creast Tracon Private Limited, 2 individuals |
| Mar 2014 | Funding round | ₹1.53 Cr | Investors: Sohan Metaliks Private Limited , Mangalshiv Vyapaar Private Limited , Goodshine Vinmay Private Limited |
| Jan 2012 | Funding round | ₹14.73 Cr | Investors: Reliable Hitech Pvt Ltd , Reliable Hi Tech Infrastructure Private Limited, Reliable Udyog Private Limited |
| Oct 2011 | Funding round | ₹30 Lakh | Investors: Sustha Distributors Private Limited , Gold Creast Tracon Private Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Reliable Sponge Private Limited
Reliable Sponge Private Limited has 50 court cases on record: 30 filed by Reliable Sponge, 10 filed against it, 10 where it is another party. 21 cases are pending and 29 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 2 | 11 |
| District courts | 25 | 8 | 10 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed by the company against Container Corporation of India Limited | Pending |
| High Court of Chhattisgarh | Court case (WPT) | Filed by the company against South Eastern Coalfields Limited | Disposed |
| High Court of Orissa | Court case (CRLMC) | Filed against the company by an individual | Pending |
| District court, Sundargarh, Odisha | Court case (CRLAPL) | Filed against the company by an individual | Pending |
| High Court of Orissa | Appeal | Company is another party | Pending |
Full case history
All 50 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Reliable Sponge Private Limited
Reliable Sponge Private Limited has a workforce of 772 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Reliable Sponge Private Limited
Reliable Sponge Private Limited has 11 board changes on record since 2004: 4 appointments and 7 cessations. The latest: Pitabas Sahoo ceased to be Director on 28 Feb 2025.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Reliable Sponge Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Reliable Sponge Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Reliable Sponge Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Reliable Sponge Private Limited
Reliable Sponge has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCR7178P1ZV | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Reliable Sponge Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Reliable Sponge Private Limited
Reliable Sponge is an active private limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 April 2004 (22+ years old) and is registered under CIN U27310OR2004PTC041051.
Reliable Sponge reported revenue of ₹847.43 Cr for FY 2023 (up 20% YoY).
Reliable Sponge has 4 current directors:
- Pitabas Sahoo - Director
- Aditya Dua - Director
- Arun Kumar Dua - Director
- Mohini Dua - Director
Reliable Sponge reported a net profit of ₹13.83 Cr (net margin 1.6%) and EBITDA of ₹18.82 Cr (EBITDA margin 2.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Reliable Sponge is 10% over three years and 9% over five years. In the latest year (FY 2023) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Reliable Sponge is 21AACCR7178P1ZV, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Reliable Sponge is U27310OR2004PTC041051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliable Sponge has 50 court cases on record: 30 filed by the company and 10 filed against it. 21 are pending. Most are in the high courts.
Reliable Sponge was incorporated on 02 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Cuttack.
Reliable Sponge has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.66 Cr; the latest was in March 2019.