Rite Steel Industries Private Limited - Company Profile

It is a metals and minerals private limited company based in Taluk, Chengai District, Tamil Nadu, India, established in 1995.
1995 Taluk, Chengai District, Tamil Nadu, India Amalgamated
Last Updated:
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About Rite Steel Industries Private Limited

Rite Steel Industries Private Limited, a amalgamated private limited company, was established on 02 February 1995 in Taluk, Chengai District, Tamil Nadu, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: U27105TN1995PTC030037. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.50 Cr and a paid-up capital of ₹1.71 Cr.

Formerly known as Met-Pro Industries Private Limited. It upholds a compliant status. Employing 4 professional, Its leadership includes Rajendran Sabanayagam (Director), Vaidyanathan (Director). Past directors included Vijayakumar Kannan. It holds no open charges and ₹16.03 Cr settled loans. Its latest AGM occurred on 14 September 2023, with the balance sheet filed on 31 March 2023. It is based at No.D.P. No.101-A & 101-B,Sidco Industrial Estate, Kakkalur - 602 003,Tiruvallur, Taluk, Chengai District, Tamil Nadu, 602003.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U27105TN1995PTC030037

  • Registration Number

    030037

  • Incorporation Date

    02 February 1995

  • Authorized Capital

    ₹2.50 Cr

  • Paid-Up Capital

    ₹1.71 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Amalgamated

Key Metrics
  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 1.71 Cr
  • Company Age 31 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 16.03 Cr
  • Revenue Growth **** -35.16%
  • Profit Growth **** -153.85%
  • Ebitda **** -39.02%
  • Net Worth -2.02%
  • Total Assets -5.81%
Company report

Rite Steel Industries Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Rite Steel Industries Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Rite Steel Industries Private Limited?
Current Directors
Name Designation Appointment Date Status
Rajendran Sabanayagam Director 01 Jul 2008 Current
Vaidyanathan Director 05 Jun 2002 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 20 Mar 2019 Past

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Financial Performance of Rite Steel Industries.

Rite Steel Industries Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 35.16% decrease. The company also saw a substantial fall in profitability, with a 153.85% decrease in profit. The company's net worth dipped by a decrease of 2.02%.

Rite Steel Industries revenue growth over time
Rite Steel Industries profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -35.16%
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Revenue from Operations
*******
 -35.54%
*******
*******
*******
*******
Total Assets
*******
 -5.81%
*******
*******
*******
*******
Profit or Loss
*******
 -153.85%
*******
*******
*******
*******
Net Worth
*******
 -2.02%
*******
*******
*******
*******
EBITDA
*******
 -39.02%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Rite Steel Industries?

In 2023, Rite Steel Industries had a public holding of 46.18%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹160,254,000.00

Charges Breakdown by Lending Institutions
  • Others : 14.74 Cr
  • The Tamilnadu Industrial Investment Corporation Limited : 1.29 Cr
Latest Charge Details
Date Lender Amount Status
31 Mar 2010 Others ₹14.74 Cr Satisfied
21 May 1996 The Tamilnadu Industrial Investment Corporation Limited ₹1.29 Cr Satisfied

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How Many Employees Work at Rite Steel Industries?

Rite Steel Industries has a workforce of 4 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rite Steel Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rite Steel Industries's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Rite Steel Industries
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 31 Mar 2010 via Charge ID 10250891 with Others was fully satisfied on 29 Sep 2023. was documented.

  • Annual General Meeting

    The activity Rite Steel Industries Private Limited last Annual general meeting of members was held on 14 Sep 2023 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Rite Steel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai. was documented.

  • Charges

    Progress on A charge with Others of Rs. 14.74 Cr registered on 31 Mar 2010 with Charge ID 10250891 was modified on 30 Jul 2020. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 14.74 Cr with Charge ID 10250891 was registered on 31 Mar 2010. was completed.

  • Director Appointment

    Progress on Rajendran Sabanayagam was appointed as a Director was appointed as a Director on 01 Jul 2008 & has been associated with this company since 17 years 8 months . was documented.

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Frequently Asked Questions
What is the CIN of Rite Steel Industries Private Limited?

The CIN of Rite Steel Industries Private Limited is U27105TN1995PTC030037.

Where is Rite Steel Industries Private Limited headquartered?

Rite Steel Industries Private Limited is headquartered at No.D.P. No.101-A & 101-B,Sidco Industrial Estate, Kakkalur - 602 003,Tiruvallur, Taluk, Chengai District, Tamil Nadu, 602003.

When was Rite Steel Industries Private Limited incorporated?

Rite Steel Industries Private Limited was incorporated on 02 February 1995.

Who are the current directors of Rite Steel Industries Private Limited?

The current directors of Rite Steel Industries Private Limited are

What is the primary industry of Rite Steel Industries Private Limited?

The primary industry of Rite Steel Industries Private Limited is Manufacturing.

Is Rite Steel Industries Private Limited a listed company?

Rite Steel Industries Private Limited is unlisted.

What is the capital structure of Rite Steel Industries Private Limited?

The authorized capital of Rite Steel Industries Private Limited is ₹2.50 Cr, and the paid-up capital is ₹1.71 Cr.

What is the compliance status of Rite Steel Industries Private Limited?

The compliance status of Rite Steel Industries Private Limited is Compliant.

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