About Saraf Agencies Private Limited
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Saraf Agencies Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 14 June 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB1965PTC026509. Its GSTIN is 19AADCS5996B1Z1 (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹216.88 Cr and a paid-up capital of ₹104.29 Cr. It was formerly known as Eastern Steel Forgings Pvt Ltd and Saraf Agencies Limited. It is led by directors including Vidyut Saraf (Managing Director) and Rajesh Sharma.
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 4/1 Red Cross Place 3rd Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.67 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹51.03 Cr (net margin -325.6%) and EBITDA of -₹20.22 Cr (EBITDA margin -129%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 37% over five years.
The company has about 218 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Saraf Agencies. As per MCA filings, the company has open charges of ₹128.98 Cr and satisfied charges of ₹890.19 Cr on record. Court records list 65 cases involving the company, including 50 filed by the company and 15 filed against it; 10 cases are pending. The company has 36 deals on record (26 secondary share transfers, 8 funding rounds, 2 rights issues), with disclosed funding of ₹86.6 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarafagencies.com.
Company details
Name history
Saraf Agencies has undergone 2 name changes throughout its history. The company was previously known as Eastern Steel Forgings Pvt Ltd, and Saraf Agencies Limited. The current legal name is Saraf Agencies Private Limited.
| Company Name | Status |
|---|---|
| Saraf Agencies Private Limited | Current |
| Eastern Steel Forgings Pvt Ltd | Previous |
| Saraf Agencies Limited | Previous |
Contact details
Saraf Agencies Private Limited's registered office is in Kolkata, West Bengal. Its website is sarafagencies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4/1 Red Cross Place 3rd Floor, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Saraf Agencies 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
Brands
Saraf Agencies operates one associated brand: Saraf Agencies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Titanium products are manufactured and real estate is developed. | sarafagencies.com |
Business activity
The main business activities of Saraf Agencies are manufacturing and real estate. In detail, this covers metal and metal products and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Saraf Agencies Private Limited, buy the company report.
Financials of Saraf Agencies Private Limited
FY 2024 filings availableSaraf Agencies Private Limited reported revenue of ₹15.67 Cr (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 80% fall in the latest year. EBITDA fell 373% 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 | -₹20.22 Cr | ||||
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| Net Profit (PAT) | -₹51.03 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -129% | ||||
| Net Profit Margin | -325.6% | ||||
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To see the full financial statements and ratios of Saraf Agencies Private Limited, buy the company report.
Board of directors of Saraf Agencies Private Limited
Saraf Agencies has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Sharma Also directs: South-West Plantation Private Limited | Director | 27 Jan 2022 | 4 Years 8 Months | Current |
| Rahul Saraf Also directs: Titanium Mineral Products Limited, Hind Ceramics Pvt. Ltd, Titanium Products Private Limited and 5 more | Director | 02 May 1988 | 38 Years 5 Months | Current |
| Ajeetraj Mehta | Director | 01 Jan 2007 | 19 Years 9 Months | Current |
| Vidyut Saraf Also directs: Hind Ceramics Pvt. Ltd, Forum Infrastructure Private Limited, Forum Homes Private Limited and 5 more | Managing Director | 20 Dec 2012 | 13 Years 10 Months | Current |
Auditor
Saraf Agencies Private Limited is audited by R. K. PATODI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. PATODI & CO. | FY 2023 | 305091E |
Shareholding
The shareholding of Saraf Agencies 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saraf Agencies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2022 | 100719287 | Axis Bank Limited | ₹1.35 Cr | Open | |
| 07 Feb 2017 | 100085296 | Indian Bank | ₹127.63 Cr | Open | |
| 24 Mar 2018 | 100173751 | Others | ₹400 Cr | Satisfied | |
| 14 Jun 2017 | 100109546 | Others | ₹70 Cr | Satisfied | |
| 06 Jun 2014 | 10507364 | Allahabad Bank | ₹234.21 Cr | Satisfied |
To see the full charge records of Saraf Agencies Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Saraf Agencies Private Limited has 36 deals on record (26 secondary share transfers, 8 funding rounds, 2 rights issues), with disclosed funding of ₹86.6 Cr; the latest was in March 2023.
Deals on record (5 of 36)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Smrk Investment Finance Private Limited, Ual Industries Limited. , Rahul Saraf HUF Seller: Foresight Realtors Private Limited , Popular Infrastructure Private Limited , Family Portfolio Management Private Limited , an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Family Portfolio Management Private Limited , Avis Tie-Up Private Limited, an individual Seller: Dalmia International FZE, Avis Tie-Up Private Limited , Ys Dealcom Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Avis Tie-Up Private Limited Seller: Avis Tie-Up Private Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Heilgers Private Limited Seller: Hind Ceramics Pvt. Ltd |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: Heilgers Private Limited Seller: Hind Ceramics Pvt. Ltd |
To see the full deal history of Saraf Agencies 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
Saraf Agencies Private Limited has 65 court cases on record: 50 filed by Saraf Agencies, 15 filed against it. 10 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 56 | 12 | 10 |
| Supreme Court | 5 | 1 | 0 |
| District courts | 4 | 2 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COA) | Filed by the company against Titanium Products Pvt.Ltd. and 9 others | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Rhi Magnesita India Refractories Limited | Disposed |
| High Court, West Bengal | Court case (EC) | Filed by the company against Kanoria Jute and Industries Limited | Disposed |
| High Court | Court case (OCO) | Filed against the company by Kanoria Jute and Industries Limited | Disposed |
| High Court | Court case (APD) | Filed by the company against Kanoria Jute & Industries Limited | Disposed |
To see the full case history of Saraf Agencies 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.
Credit ratings & regulatory alerts
Saraf Agencies Private Limited was last rated by Care on 07 Jul 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jul 2023 |
To see the full credit ratings and regulatory alerts of Saraf Agencies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saraf Agencies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Saraf Agencies has 3 subsidiary companies and 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Manoka Constructions Private Limited | U45400WB2008PTC122945 | |
| Saadhika Constructions Private Limited | U45400WB2008PTC123386 | |
| Airborne Properties Private Limited | U70102WB2011PTC159526 |
To see the full group structure of Saraf Agencies Private Limited, buy the company report.
Employees & EPFO
Saraf Agencies Private Limited has a workforce of 218 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Saraf Agencies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS5996B1Z1 | West Bengal | Active | 01 Jul 2017 |
| 21AADCS5996B1ZG | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saraf Agencies Private Limited, buy the company report.
Recent activity
Saraf Agencies Private Limited has 13 board changes on record since 1988: 4 appointments and 9 cessations. The latest: Rajesh Sharma ceased to be Additional Director on 30 Sep 2022.
18 earlier events are in the company report.
Frequently asked questions
Saraf Agencies is an active private limited company based in Kolkata, West Bengal, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 14 June 1965 (61+ years old) and is registered under CIN U27109WB1965PTC026509.
Saraf Agencies has 4 current directors:
- Vidyut Saraf - Managing Director
- Rajesh Sharma - Director
- Rahul Saraf - Director
- Ajeetraj Mehta - Director
The latest financial statements of Saraf Agencies 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 Saraf Agencies is 19AADCS5996B1Z1, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 21AADCS5996B1ZG (Odisha).
The CIN (Corporate Identification Number) of Saraf Agencies is U27109WB1965PTC026509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saraf Agencies has 65 court cases on record: 50 filed by the company and 15 filed against it. 10 are pending. Most are in the high courts.
Saraf Agencies was incorporated on 14 June 1965, making it 61+ years old. It is registered with the Registrar of Companies, Kolkata.
Saraf Agencies has 36 deals on record (26 secondary share transfers, 8 funding rounds, 2 rights issues), with disclosed funding of ₹86.6 Cr; the latest was in March 2023.
Rajesh Sharma ceased to be Additional Director on 30 Sep 2022. Shweta Bhamare ceased to be Company Secretary on 05 Sep 2022. Rajesh Sharma was appointed as Director on 27 Jan 2022. Saraf Agencies has 13 board changes on record in total.
Saraf Agencies can be reached through the website sarafagencies.com. Its registered office is in Kolkata, West Bengal, India.