Salasar Steel And Power Limited - Company Profile

It is a metals and minerals public limited company based in Park Circus, West Bengal, India, established in 1994.

1994 Park Circus, West Bengal, India Amalgamated

Last Updated: July 26, 2025

About Salasar Steel And Power Limited

Salasar Steel And Power Limited, a amalgamated public limited company, was established on 19 May 1994 in Park Circus, West Bengal, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: U17124WB1994PLC261559. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹60.00 Cr and a paid-up capital of ₹60.00 Cr.

Formerly known as Rotocast Synthetic Limited, Salasar Sponge And Power Limited. It upholds a compliant status. Employing 125 professional, Its leadership includes Ajay Agarwal (Director), Ayush Agarwal (Director), Vinay Kumar Sharma (Whole-Time Director). Past directors included Rajkumar Goel, Shiv Kumar Malani, Jinesh Kumar Jain. It holds no open charges and ₹555.73 Cr settled loans. Its latest AGM occurred on 24 December 2023, with the balance sheet filed on 31 March 2023. It is based at 45 Shakespeare Sarani, Room 303 3Rd Floor, Century Tower, Park Circus, West Bengal, 700017.

Company Details

CIN/LLPIN
U17124WB1994PLC261559
Registration Number
261559
Incorporation Date
19 May 1994
Authorized Capital
₹60.00 Cr
Paid-Up Capital
₹60.00 Cr
ROC Code
Roc Kolkata
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 60.00 Cr as on 26-07-2025
Paid Up Capital ₹ 60.00 Cr as on 26-07-2025
Company Age 31 Year, 9 Months
Last Filing with ROC 31 Mar 2023
Satisfied Charges ₹ 555.73 Cr as on 26-07-2025
Revenue Growth **** 530.07% (FY 2023)
Profit Growth **** -94.07% (FY 2023)
Ebitda **** 362.57% (FY 2023)
Net Worth 2.99% (FY 2023)
Total Assets **** 18.45% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Salasar Steel And Power 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 Salasar Steel And Power Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ajay Agarwal	Director	22 Dec 2021	Current
Ayush Agarwal	Director	22 Dec 2021	Current
Vinay Kumar Sharma	Whole-Time Director	25 Feb 2022	Current
Piyush Agarwal	Managing Director	22 Dec 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	25 Jul 2013	Past
Pramod Abcsdd	Managing Director	22 Dec 2021	Past
Pramod Abcsdd	Director	17 Mar 2016	Past
Pramod Abcsdd	Company Secretary	20 May 2021	Past
Pramod Abcsdd	Company Secretary	16 Mar 2020	Past
Pramod Abcsdd	Director	22 Dec 2021	Past

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Financial Performance of Salasar Steel And Power.

Salasar Steel And Power Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 530.07% increase. The company also saw a substantial fall in profitability, with a 94.07% decrease in profit. The company's net worth moved up by a moderate rise of 2.99%.

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

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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

********

530.07%

*******

Revenue from Operations

*******

9937.89%

*******

Total Assets

*******

18.45%

*******

Profit or Loss

*******

-94.07%

*******

Net Worth

*******

2.99%

*******

EBITDA

*******

362.57%

*******

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What is the Ownership and Shareholding Structure of Salasar Steel And Power?

In 2023, Salasar Steel And Power had a promoter holding of 16.42% and a public holding of 83.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹5,557,324,000.00

Charges Breakdown by Lending Institutions

Others : 376.08 Cr
Canara Bank : 141.00 Cr
Edelweiss Asset Reconstruction Company Limited : 30.00 Cr
Corporation Bank : 5.14 Cr
Bank Of Baroda : 2.00 Cr
Others : 1.51 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Dec 2021	Canara Bank	₹141.00 Cr	Satisfied
28 Jan 2013	Corporation Bank	₹5.14 Cr	Satisfied
27 Mar 2012	Others	₹3.40 Cr	Satisfied
29 Feb 2012	Tata Capital Financial Services Limited	₹2.50 M	Satisfied
28 Sep 2011	Tata Capital Financial Services Limited	₹2.22 M	Satisfied

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How Many Employees Work at Salasar Steel And Power?

Salasar Steel And Power has a workforce of 125 employees as of Apr 09, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Salasar Steel And Power, 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 Salasar Steel And Power's trajectory.

Rating

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

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 Salasar Steel And Power

Recent Activity within the Organization

Annual General Meeting

Progress on Salasar Steel And Power Limited last Annual general meeting of members was held on 24 Dec 2023 as per latest MCA records. was documented.
24 Dec 2023
Charges

The activity A charge registered on 22 Dec 2021 via Charge ID 100524280 with Canara Bank was fully satisfied on 02 Nov 2023. was completed.
02 Nov 2023
Balance Sheet

Progress on Salasar Steel And Power Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata. was documented.
31 Mar 2023
Director Appointment

Vinay Kumar Sharma was appointed as a Whole-time director was appointed as a Whole-time director on 25 Feb 2022 & has been associated with this company since 4 years 10 days . was recorded as a recent event.
25 Feb 2022
Director Appointment

Progress on Alok Saraf was appointed as a CFO was appointed as a CFO on 01 Feb 2022 & has been associated with this company since 4 years 1 month . was documented.
01 Feb 2022
Charges

Progress on A charge registered on 28 Jan 2013 via Charge ID 10413162 with Corporation Bank was fully satisfied on 24 Dec 2021. was documented.
24 Dec 2021

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Frequently Asked Questions

What is the CIN of Salasar Steel And Power Limited?

The CIN of Salasar Steel And Power Limited is U17124WB1994PLC261559.

Where is Salasar Steel And Power Limited headquartered?

Salasar Steel And Power Limited is headquartered at 45 Shakespeare Sarani, Room 303 3Rd Floor, Century Tower, Park Circus, West Bengal, 700017.

When was Salasar Steel And Power Limited incorporated?

Salasar Steel And Power Limited was incorporated on 19 May 1994.

Who are the current directors of Salasar Steel And Power Limited?

The current directors of Salasar Steel And Power Limited are

What is the primary industry of Salasar Steel And Power Limited?

The primary industry of Salasar Steel And Power Limited is Manufacturing.

Is Salasar Steel And Power Limited a listed company?

Salasar Steel And Power Limited is unlisted.

What is the capital structure of Salasar Steel And Power Limited?

The authorized capital of Salasar Steel And Power Limited is ₹60.00 Cr, and the paid-up capital is ₹60.00 Cr.

What is the compliance status of Salasar Steel And Power Limited?

The compliance status of Salasar Steel And Power Limited is Compliant.

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