About Salsan Steels Private Limited
Data last updated:
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 11 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) 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.
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- 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
- One PDF report, delivered after checkout
Business Activity of Salsan Steels Private Limited
The main business activity of Salsan Steels is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Salsan Steels Private Limited FY 2024 filings available
Salsan Steels Private Limited reported revenue of ₹1,220.63 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Salsan Steels Private Limited
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 of Salsan Steels Private Limited
| 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 | ₹34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.66 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 of Salsan Steels Private Limited
| 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% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Salsan Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Salsan Steels Private Limited
Salsan Steels Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| 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 Limited this company | ₹1,220.63 Cr (FY 2025) | •••• | •••• | -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 |
Peers are the five companies nearest above and the five nearest below Salsan Steels by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in 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 5 Months | Current |
Charges & Borrowings of Salsan Steels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2025 | Hdfc Bank Limited | ₹57.92 Lakh | Open |
| 27 Jun 2025 | Others | ₹30 Cr | Open |
| 13 May 2025 | Hdfc Bank Limited | ₹22.65 Lakh | Open |
| 17 Feb 2025 | Hdfc Bank Limited | ₹27.1 Lakh | Open |
| 21 Nov 2024 | Hdfc Bank Limited | ₹28.99 Lakh | Open |
Total charge records: 33 View all charges
Deals & Funding of Salsan Steels Private Limited
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 |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Salsan Steels Private Limited
Salsan Steels Private Limited has 64 court cases on record: 43 filed by Salsan Steels, 11 filed against it, 10 where it is another party. 10 cases are pending and 54 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 0 | 7 |
| District courts | 31 | 11 | 3 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed against the company by Canbank Factors Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Swastik Industries | Pending |
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against an individual | Pending |
| District court, Hoshiarpur, Punjab | Motor accident claim | Company is another party | Pending |
Full case history
All 64 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Salsan Steels Private Limited
Employment history and EPFO contributions of people linked to Salsan Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Salsan Steels Private Limited
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 of Salsan Steels Private Limited
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 |
Recent Activity on Salsan Steels Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Salsan Steels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Salsan Steels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Salsan Steels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Salsan Steels Private Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Salsan Steels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Salsan Steels Private Limited
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 reported revenue of ₹1,220.63 Cr for FY 2025 (down 9% YoY).
Salsan Steels has 3 current directors:
- Chain Singh Kang - Director
- Karanjeet Singh - Director
- Nachatar Singh - Director
Salsan Steels reported a net profit of ₹9.66 Cr (net margin 0.8%) and EBITDA of ₹34 Cr (EBITDA margin 2.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Salsan Steels is 11% over three years and 29% over five years. In the latest year (FY 2025) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
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 11 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).