Saral Mining Limited
About Saral Mining Limited
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Saral Mining Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 29 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L72900GJ1994PLC069823. Its GSTIN is 24AAACX0059K1ZD (Gujarat). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 25 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹51 Cr and a paid-up capital of ₹48.43 Cr. It was formerly known as Xo Infotech Limited and Xo Tronic Limited. It is led by directors including Anilkumar Jeshingbhai Patel (Whole-Time Director) and Prashant Joshi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor B – Wing B D Patel House Naranpura Road, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.34 Cr, a growth of 80% compared to the previous year. For the same year it recorded a net profit of ₹36.5 Lakh (net margin 3.9%) and EBITDA of ₹78.65 Lakh (EBITDA margin 8.4%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 6% over five years.
Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it. The company has 5 deals on record (5 market trades); the latest was in December 2010. Its 3 peer companies in the Metals and Minerals industry (Materials Retail and Distribution, Mining), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Dhanrashi Vintrade Private Limited with revenue of ₹9.37 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Saral Mining has undergone 2 name changes throughout its history. The company was previously known as Xo Infotech Limited, and Xo Tronic Limited. The current legal name is Saral Mining Limited.
| Company Name | Status |
|---|---|
| Saral Mining Limited | Current |
| Xo Infotech Limited | Previous |
| Xo Tronic Limited | Previous |
CIN history
Saral Mining has one previous CIN (Corporate Identification Number): L72900HR1994PLC033398. The current CIN is L72900GJ1994PLC069823, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900GJ1994PLC069823 | Current |
| L72900HR1994PLC033398 | Previous |
Contact details
Saral Mining Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6th Floor B – Wing B D Patel House Naranpura Road, Ahmedabad, Gujarat, India – 380014
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Saral Mining 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
Business activity
The main business activity of Saral Mining is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Saral Mining Limited, buy the company report.
Financials of Saral Mining Limited
FY 2025 filings availableSaral Mining Limited reported revenue of ₹9.34 Cr (up 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 80% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 64% 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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| Total Expenses | |||||
| EBITDA | ₹78.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.5 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 8.4% | ||||
| Net Profit Margin | 3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Saral Mining Limited, buy the company report.
Board of directors of Saral Mining Limited
Saral Mining has 5 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Joshi Also directs: Exdon Trading Company Limited, Balhanuman Fabrics Limited, SJ Polycraft Private Limited and 1 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Raviraj Yashwant Upadhyay Also directs: Exdon Trading Company Limited | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Megha Rushabh Shah | Additional Director | 02 Apr 2025 | 1 Years 6 Months | Current |
| Anilkumar Jeshingbhai Patel Also directs: Omrim Securities Limited | Whole-Time Director | 24 Mar 2025 | 1 Years 7 Months | Current |
| Rajiv Rameshchandra Shah | Director | 04 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Saral Mining Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution, Mining), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhanrashi Vintrade Private Limited | ₹9.37 Cr (FY 2024) | -47.0% | Kolkata, West Bengal, India | |||
| NSV Waste Management Solutions Private Limited | ₹9.34 Cr (FY 2025) | 2842.0% | Bahadurgarh, Haryana, India | |||
| Saral Mining Limitedthis company | ₹9.34 Cr (FY 2025) | ₹36.5 Lakh | 3.9% | 80.0% | Ahmedabad, Gujarat, India | |
| Arihant Mechanical Equipments Private Limited | ₹9.32 Cr (FY 2024) | 35.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Saral Mining Limited, buy the company report.
Auditor
Saral Mining Limited is audited by BHAGAT & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAGAT & CO. | FY 2023 | 127250W |
Shareholding
The shareholding of Saral Mining 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 Saral Mining Limited, buy the company report.
Deals & funding
Saral Mining Limited has 5 deals on record (5 market trades); the latest was in December 2010.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2010 | Market trade | ₹50.3 Lakh | Seller: Girish Metal Pvt Ltd |
| Mar 2010 | Market trade | ₹19.8 Lakh | Seller: Shankheshwar Metals Private Limited |
| Mar 2010 | Market trade | ₹16.5 Lakh | Seller: Shreeji Broking (P) Ltd, Parvati Minerals Private Limited |
| Mar 2010 | Market trade | ₹24.6 Lakh | Seller: Parvati Minerals Private Limited , Shreeji Broking (P) Ltd |
| Dec 2008 | Market trade | ₹2.5 Lakh | Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saral Mining Limited has 5 court cases on record: 4 filed by Saral Mining, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Maxtone Electronics Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax 4 and 1 other | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed by the company against Ms Maxtone Electronic Pvt. Ltd. | Disposed |
| High Court, HARYANA | Company petition | Filed by the company against an individual | Disposed |
| High Court, CHANDIGARH (UT) | Company petition | Filed by the company | Disposed |
To see the full case history of Saral Mining 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 Saral Mining Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saral Mining has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACX0059K1ZD | Gujarat | Active | 08 Sep 2017 |
To see the full GST registrations and return filing status of Saral Mining Limited, buy the company report.
Recent activity
Saral Mining Limited has 70 board changes on record since 1994: 38 appointments and 32 cessations. The latest: Kulin Vyas Bhailal was appointed as CFO on 02 Apr 2025.
61 earlier events are in the company report.
Frequently asked questions
Saral Mining is an active public limited company based in Ahmedabad, Gujarat, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 29 June 1994 (32+ years old) and is registered under CIN L72900GJ1994PLC069823.
Saral Mining has 5 current directors:
- Anilkumar Jeshingbhai Patel - Whole-Time Director
- Prashant Joshi - Director
- Raviraj Yashwant Upadhyay - Director
- Megha Rushabh Shah - Additional Director
- Rajiv Rameshchandra Shah - Director
The latest financial statements of Saral Mining on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Saral Mining is 24AAACX0059K1ZD, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Saral Mining is L72900GJ1994PLC069823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saral Mining is recorded as a listed company by MCA, but its shares were delisted from BSE on 25 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
Saral Mining has 5 court cases on record: 4 filed by the company and 1 filed against it. Most are in the high courts.
Saral Mining was incorporated on 29 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Saral Mining has 5 deals on record (5 market trades); the latest was in December 2010.
The peers of Saral Mining by revenue are Dhanrashi Vintrade Private Limited, NSV Waste Management Solutions Private Limited, Arihant Mechanical Equipments Private Limited, all in the Metals and Minerals industry (Materials Retail and Distribution, Mining), with the same principal business activity (wholesale trading).
Kulin Vyas Bhailal was appointed as CFO on 02 Apr 2025. Megha Rushabh Shah was appointed as Additional Director on 02 Apr 2025. Anilkumar Jeshingbhai Patel was appointed as Whole-Time Director on 24 Mar 2025. Saral Mining has 70 board changes on record in total.