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 52 cases involving the company, including 31 filed by the company and 22 filed against it; 22 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.
Company details
CIN history
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 |
Contact details
Reliable Sponge Private Limited's registered office is in Rourkela, Odisha. Its website is reliableindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No – 84 Industrial Estate Kalunga, Rourkela, Odisha, India – 770031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Reliable Sponge 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 Reliable Sponge Private Limited
FY 2024 filings availableReliable Sponge Private Limited reported revenue of ₹847.43 Cr (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹18.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.83 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Reliable Sponge Private Limited, buy the company report.
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
Reliable Sponge Private Limited is audited by Roshan Lal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Roshan Lal & Associates | FY 2023 | 326688E |
Shareholding
The shareholding of Reliable Sponge 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 Reliable Sponge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2020 | 100322359 | State Bank of India | ₹90 Cr | Open | |
| 01 May 2017 | 100099085 | Sidbi | ₹2 Cr | Satisfied | |
| 16 Mar 2013 | 10418448 | Hdfc Bank Limited | ₹21 Lakh | Satisfied | |
| 10 Jul 2012 | 10372196 | Hdfc Bank Limited | ₹23 Lakh | Satisfied | |
| 11 May 2012 | 10359729 | State Bank of India | ₹79 Cr | Satisfied |
To see the full charge records of Reliable Sponge Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
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 |
To see the full deal history of Reliable Sponge 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
Reliable Sponge Private Limited has 52 court cases on record: 31 filed by Reliable Sponge, 22 filed against it. 22 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 12 | 12 |
| District courts | 25 | 9 | 10 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Appeal | Filed against the company by M/S. Utkal Metallics Limited , Rourkela and 8 others | Pending |
| High Court of Orissa | Appeal | Filed by the company against Reliable Sponge Pvt. Ltd. Sundargarh and 11 others | Pending |
| High Court, Assam | Appeal | Filed against the company by Container Corporation of India Ltd. and 2 Ors. and 2 others | Pending |
| High Court, Assam | Interim or miscellaneous application | Filed against the company by Container Corporation of India Ltd and 2 Ors and 2 others | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against Odisha Mining Corporation Ltd. and 3 others | Pending |
To see the full case history of Reliable Sponge 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
Reliable Sponge Private Limited was last rated by Crisil on 28 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Aug 2020 |
To see the full credit ratings and regulatory alerts of Reliable Sponge Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Reliable Sponge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliable Sponge Private Limited has a workforce of 772 employees on its EPFO records as of Apr 08, 2024, across 3 active EPFO establishments.
GST
Reliable Sponge has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCR7178P1ZV | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliable Sponge Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 4 current directors:
- Pitabas Sahoo - Director
- Aditya Dua - Director
- Arun Kumar Dua - Director
- Mohini Dua - Director
The latest financial statements of Reliable Sponge 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 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 52 court cases on record: 31 filed by the company and 22 filed against it. 22 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.
Pitabas Sahoo ceased to be Director on 28 Feb 2025. Ramakanta Dash ceased to be Director on 01 Oct 2021. Rajendra Kumar Dua ceased to be Director on 22 May 2019. Reliable Sponge has 11 board changes on record in total.
Reliable Sponge can be reached through the website reliableindia.co.in. Its registered office is in Rourkela, Odisha, India.