Salitho Ores Private Limited
About Salitho Ores Private Limited
Data last updated:
Salitho Ores Private Limited is a private limited company based in Panaji, Goa, India, a subsidiary of Salgaocar Mining Industries Private Limited. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 08 December 1964 and has been in existence for over 62 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U13209GA1964PTC000020. Its GSTIN is 30AABCS8859F1ZB (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Salitho Ores Limited. It is led by directors including Arjun Anil Salgaocar and Sandeep Naik.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Salgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.71 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹1.77 Cr (net margin -103.6%) and EBITDA of -₹1.15 Cr (EBITDA margin -67.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹2.31 Cr on record. Court records list 39 cases involving the company, including 25 filed by the company and 14 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Salitho Ores Private Limited's registered office is in Panaji, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSalgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Salitho Ores 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 Salitho Ores Private Limited
FY 2025 filings availableSalitho Ores Private Limited reported revenue of ₹1.71 Cr (down 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 137% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.77 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -67.2% | ||||
| Net Profit Margin | -103.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Salitho Ores Private Limited, buy the company report.
Board of directors of Salitho Ores Private Limited
Salitho Ores has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Anil Salgaocar Also directs: Greenpark Mining Services LLP, Babuso Agro Marine Company Private Limited, Balaji Mines and Minerals Private Limited and 5 more | Director | 03 Aug 2001 | 25 Years 3 Months | Current |
| Sandeep Naik | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Jayant Krishanath Gaunker Also directs: Babuso Agro Marine Company Private Limited, Balaji Mines and Minerals Private Limited, Suktolim Mines Private Limited and 5 more | Director | 01 Apr 2021 | 5 Years 7 Months | Current |
Peer comparison
Salitho Ores Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (mining support services activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eyestar Finance and Leasing Private Limited | ₹1.73 Cr (FY 2025) | 36.0% | Panaji, Goa, India | |||
| Sun Ram Blue Metals Private Limited | ₹1.72 Cr (FY 2025) | 106.0% | Satankulam, Tamil Nadu, India | |||
| S.N. Mour Marbles Private Limited | ₹1.72 Cr (FY 2024) | -50.0% | Rajasthan, India | |||
| Salitho Ores Private Limitedthis company | ₹1.71 Cr (FY 2025) | -₹1.77 Cr | -103.6% | -58.0% | Panaji, Goa, India | |
| Akshat Granimarmo Private Limited | ₹1.71 Cr (FY 2025) | -4.0% | Jalore, Rajasthan, India |
To see the full peer comparison of Salitho Ores Private Limited, buy the company report.
Auditor
Salitho Ores Private Limited is audited by Anup R. S. Borkar and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anup R. S. Borkar and Company | FY 2023 | 127724W |
Shareholding
The shareholding of Salitho Ores 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 Salitho Ores Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2011 | 10321884 | Bank of India | ₹10 Cr | Open | |
| 21 Mar 2011 | 10279581 | Bank of Baroda | ₹10 Cr | Open | |
| 05 Jul 1990 | 90064872 | Syndicate Bank | ₹60 Lakh | Satisfied | |
| 19 Jul 1989 | 90064862 | Canara Bank | ₹1 Cr | Satisfied | |
| 03 Sep 1979 | 90064814 | Canara Bank | ₹11.12 Lakh | Satisfied |
To see the full charge records of Salitho Ores Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Salitho Ores Private Limited has 39 court cases on record: 25 filed by Salitho Ores, 14 filed against it. 6 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 7 | 4 |
| District courts | 7 | 4 | 1 |
| Supreme Court | 4 | 3 | 1 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (WPCR) | Filed by the company against Union of India THR the Secretary and 2 Ors | Pending |
| District court, North Goa, Goa | Civil suit | Filed by the company against The State of Goa and 2 others | Pending |
| High Court, GOA | Court case (TXA) | Filed against the company by The Principal Commissioner of Income Tax (Central), Bengaluru | Pending |
| Bombay High Court | Court case (TXA) | Filed against the company by The Principal Commissioner of Income Tax (Central), Bengaluru | Pending |
| Supreme Court | Court case (3301- Mines Minerals, Mining leases : Grant/renewal and/or cancellation of reconnaissance permits, prospecting licenses and/or mining leases, payment of royalty under any Central or State statute) | Filed by the company against The Captain of Ports . Captain of Ports Department, Government of Goa, Panaji Goa , District: Panaji , , Goa and 3 others | Pending |
To see the full case history of Salitho Ores 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Salitho Ores Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Salitho Ores Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Salitho Ores has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCS8859F1ZB | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Salitho Ores Private Limited, buy the company report.
Recent activity
Salitho Ores Private Limited has 11 board changes on record since 2001: 3 appointments and 8 cessations. The latest: Sandeep Naik was appointed as Director on 30 Sep 2024.
16 earlier events are in the company report.
Frequently asked questions
Salitho Ores is an active private limited company based in Panaji, Goa, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 08 December 1964 (62+ years old) and is registered under CIN U13209GA1964PTC000020.
Salitho Ores has 3 current directors:
- Arjun Anil Salgaocar - Director
- Sandeep Naik - Director
- Jayant Krishanath Gaunker - Director
The latest financial statements of Salitho Ores on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Salitho Ores is 30AABCS8859F1ZB, registered in Goa. 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 Salitho Ores is U13209GA1964PTC000020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salitho Ores has 39 court cases on record: 25 filed by the company and 14 filed against it. 6 are pending. Most are in the high courts.
Salitho Ores was incorporated on 08 December 1964, making it 62+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Salitho Ores by revenue are Eyestar Finance and Leasing Private Limited, Sun Ram Blue Metals Private Limited, S.N. Mour Marbles Private Limited, Akshat Granimarmo Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (mining support services activities).
Sandeep Naik was appointed as Director on 30 Sep 2024. Jayant Krishanath Gaunker ceased to be Additional Director on 29 Nov 2021. Jayant Krishanath Gaunker was appointed as Director on 01 Apr 2021. Salitho Ores has 11 board changes on record in total.
The registered office of Salitho Ores is at Salgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001.
Salitho Ores operates in the metals and minerals industry, in the mining and mineral extraction segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
