About Salsan Steels Private Limited
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Salsan Steels Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 28 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52231DL2007PTC165346. Its GSTIN is 02AALCS2850G2ZI (Himachal Pradesh). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹12.25 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Onkar Salsan Steels Private Limited. It is led by directors including Chain Singh Kang and Karanjeet Singh.
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 E – 9 Hari Nagar Ashram Chownk Near Nafed, New Delhi, Delhi, India – 110014.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,220.63 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹9.66 Cr (net margin 0.8%) and EBITDA of ₹34 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 29% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹216.31 Cr and satisfied charges of ₹35 Cr on record. Court records list 64 cases involving the company, including 43 filed by the company and 21 filed against it; 10 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in April 2023. Its 10 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 5 smaller; the largest is Rajuri Steels & TMT Bars Private Limited with revenue of ₹1,283.33 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salsansteel.com.
Company details
Name history
Salsan Steels has undergone 3 name changes throughout its history. The company was previously known as Onkar Salsan Steels Private Limited, Salsan Steels Private Limited, and Atlas Ispat Private Limited. The current legal name is Salsan Steels Private Limited.
| Company Name | Status |
|---|---|
| Salsan Steels Private Limited | Current |
| Onkar Salsan Steels Private Limited | Previous |
| Atlas Ispat Private Limited | Previous |
CIN history
Salsan Steels has one previous CIN (Corporate Identification Number): U27310DL2007PTC165346. The current CIN is U52231DL2007PTC165346, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52231DL2007PTC165346 | Current |
| U27310DL2007PTC165346 | Previous |
Contact details
Salsan Steels Private Limited's registered office is in New Delhi, Delhi.
- Social Media
- Registered AddressE – 9 Hari Nagar Ashram Chownk Near Nafed, New Delhi, Delhi, India – 110014
- 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
Business activity
The main business activity of Salsan Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Salsan Steels Private Limited, buy the company report.
Financials of Salsan Steels Private Limited
FY 2024 filings availableSalsan Steels Private Limited reported revenue of ₹1,220.63 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 1% 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 |
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| EBITDA | ₹34 Cr | ||||
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| Net Profit (PAT) | ₹9.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Salsan Steels Private Limited, buy the company report.
Board of directors of Salsan Steels Private Limited
Salsan Steels has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chain Singh Kang | Director | 05 May 2010 | 16 Years 5 Months | Current |
| Karanjeet Singh | Director | 12 Apr 2023 | 3 Years 6 Months | Current |
| Nachatar Singh | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Salsan Steels Private Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajuri Steels & TMT Bars Private Limited | ₹1,283.33 Cr (FY 2025) | 11.0% | Jalna, Maharashtra, India | |||
| Urjah Metallics Private Limited | ₹1,276.9 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Pushpit Steels Private Limited | ₹1,244.73 Cr (FY 2025) | -5.0% | Broadway, Tamil Nadu, India | |||
| Mitc Rolling Mills Private Limited | ₹1,236.94 Cr (FY 2025) | 27.0% | Nashik, Maharashtra, India | |||
| MSP Sponge Iron Limited | ₹1,227.82 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Salsan Steels Private Limitedthis company | ₹1,220.63 Cr (FY 2025) | ₹9.66 Cr | 0.8% | -9.0% | New Delhi, Delhi, India | |
| Amit Metaliks Limited | ₹1,215.18 Cr (FY 2025) | 32.0% | Durgapur, West Bengal, India | |||
| Sanyo Special Steel Manufacturing India Private Limited | ₹1,190.85 Cr (FY 2022) | 43.0% | Khalapur, Maharashtra, India | |||
| HMB Ispat Private Limited | ₹1,180.98 Cr (FY 2025) | 22.0% | Kolkata, West Bengal, India | |||
| R.K. Steel Manufacturing Company Limited | ₹1,153.73 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Prakash Ferrous Industries Private Limited | ₹1,152.53 Cr (FY 2025) | -13.0% | Andhra Pradesh, India |
To see the full peer comparison of Salsan Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2025 | 101147374 | Hdfc Bank Limited | ₹57.92 Lakh | Open | |
| 27 Jun 2025 | 101118658 | Others | ₹30 Cr | Open | |
| 13 May 2025 | 101099186 | Hdfc Bank Limited | ₹22.65 Lakh | Open | |
| 17 Feb 2025 | 101052698 | Hdfc Bank Limited | ₹27.1 Lakh | Open | |
| 21 Nov 2024 | 101020712 | Hdfc Bank Limited | ₹28.99 Lakh | Open |
To see the full charge records of Salsan Steels Private Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Salsan Steels Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in April 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2012 | Funding round | ₹6 Cr | Investors: 3 individuals |
| Jul 2010 | Funding round | ₹3.95 Cr | Investors: 4 individuals |
To see the full deal history of Salsan Steels 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
Salsan Steels Private Limited has 64 court cases on record: 43 filed by Salsan Steels, 21 filed against it. 10 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 1 | 7 |
| District courts | 31 | 20 | 3 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Writ petition | Filed by the company against Himachal Pradesh State Electricity Board Ltd. and 1 other | Pending |
| District court, Hoshiarpur, Punjab | Motor accident claim | Filed against the company by Punjab State Power Corporation Ltd and 1 other | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed against the company by Can Bank Factors Limited | Disposed |
| District court, Hoshiarpur, Punjab | Motor accident claim | Filed against the company | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Swastik Industries | Pending |
To see the full case history of Salsan Steels 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 Salsan Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salsan Steels has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AALCS2850G2ZI | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AALCS2850G1ZH | Punjab | Active | 01 Jul 2017 |
| 02AALCS2850G4ZG | Himachal Pradesh | Active | 17 Jan 2023 |
| 02AALCS2850G1DS | Himachal Pradesh | Active | 31 Oct 2024 |
To see the full GST registrations and return filing status of Salsan Steels Private Limited, buy the company report.
Recent activity
Salsan Steels Private Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Nachatar Singh was appointed as Director on 25 Apr 2023.
45 earlier events are in the company report.
Frequently asked questions
Salsan Steels is an active private limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 28 June 2007 (19+ years old) and is registered under CIN U52231DL2007PTC165346.
Salsan Steels has 3 current directors:
- Chain Singh Kang - Director
- Karanjeet Singh - Director
- Nachatar Singh - Director
The latest financial statements of Salsan Steels 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 Salsan Steels is 02AALCS2850G2ZI, registered in Himachal Pradesh. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 03AALCS2850G1ZH (Punjab), 02AALCS2850G4ZG (Himachal Pradesh), 02AALCS2850G1DS (Himachal Pradesh).
The CIN (Corporate Identification Number) of Salsan Steels is U52231DL2007PTC165346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salsan Steels has 64 court cases on record: 43 filed by the company and 21 filed against it. 10 are pending. Most are in the high courts.
Salsan Steels was incorporated on 28 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Salsan Steels has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in April 2023.
The peers of Salsan Steels by revenue are Rajuri Steels & TMT Bars Private Limited, Urjah Metallics Private Limited, Pushpit Steels Private Limited, Mitc Rolling Mills Private Limited, MSP Sponge Iron Limited and 5 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Nachatar Singh was appointed as Director on 25 Apr 2023. Karanjeet Singh was appointed as Director on 12 Apr 2023. Bhagvantsingh Harbhajan Singh Ghotra ceased to be Company Secretary on 30 Jun 2022. Salsan Steels has 16 board changes on record in total.
Salsan Steels can be reached through the website salsansteel.com. Its registered office is in New Delhi, Delhi, India.