About Sarvesh Refractories Private Limited
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Sarvesh Refractories Private Limited is a private limited company based in Rourkela, Odisha, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 07 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U26999OR1992PTC003209. Its GSTIN is 21AAECS5602D1Z0 (Odisha). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹8.39 Cr. It was formerly known as Sarvesh Refractories Limited. It is led by directors including Kushal Agarwal (Managing Director) and Kiran Agarwal.
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 Aa15 Civil Township, Rourkela, Odisha, India – 769004.
As per the financials filed for FY 2024, the company reported a revenue of ₹410.21 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹22.71 Cr (net margin 5.5%) and EBITDA of ₹43.89 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 15% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sarvesh. As per MCA filings, the company has open charges of ₹137.51 Cr and satisfied charges of ₹222.61 Cr on record. Court records list 25 cases involving the company, including 7 filed by the company and 18 filed against it; 3 cases are pending. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.92 Cr; the latest was in September 2022. Its 3 peer companies in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 1 larger and 2 smaller; the largest is Mahakoshal Refractories Private Limited with revenue of ₹425.59 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 sarvesh.com.
Company details
CIN history
Sarvesh Refractories has one previous CIN (Corporate Identification Number): U26999OR1992PLC003209. The current CIN is U26999OR1992PTC003209, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26999OR1992PTC003209 | Current |
| U26999OR1992PLC003209 | Previous |
Contact details
Sarvesh Refractories Private Limited's registered office is in Rourkela, Odisha. Its website is sarvesh.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAa15 Civil Township, Rourkela, Odisha, India – 769004
- IndustryManufacturing, Construction Materials
To see the full contact details of Sarvesh Refractories 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
Sarvesh Refractories operates one associated brand: Sarvesh. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Refractory materials manufacturing and supply focused on the iron and steel industry. | sarvesh.com |
Business activity
The main business activity of Sarvesh Refractories is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Sarvesh Refractories Private Limited, buy the company report.
Financials of Sarvesh Refractories Private Limited
FY 2024 filings availableSarvesh Refractories Private Limited reported revenue of ₹410.21 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 23% growth in the latest year. EBITDA rose 35% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹43.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.71 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | ||||
| Net Profit Margin | 5.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Sarvesh Refractories Private Limited, buy the company report.
Board of directors of Sarvesh Refractories Private Limited
Sarvesh Refractories has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Agarwal | Director | 09 Dec 2020 | 5 Years 11 Months | Current |
| Kushal Agarwal Also directs: Art Plus Design Lab LLP, Romco Aluminates (Koraput) Private Limited, Chosun Sarvesh Refractories Private Limited and 1 more | Managing Director | 01 Apr 2007 | 19 Years 7 Months | Current |
| Debasish Sarkar | Director | 11 Feb 2021 | 5 Years 8 Months | Current |
| Debi Prasad Chakraborti | Director | 10 Jun 2014 | 12 Years 5 Months | Current |
Peer comparison
Sarvesh Refractories Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahakoshal Refractories Private Limited | ₹425.59 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Sarvesh Refractories Private Limitedthis company | ₹410.21 Cr (FY 2024) | ₹22.71 Cr | 5.5% | 23.0% | 255 | Rourkela, Odisha, India |
| LSC Infratech Limited | ₹409.33 Cr (FY 2025) | 39.0% | Rudrapur, Uttarakhand, India | |||
| S T P Ltd | ₹396.03 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sarvesh Refractories Private Limited, buy the company report.
Auditor
Sarvesh Refractories Private Limited is audited by K.D.Lath &Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.D.Lath &Co. | FY 2022 | 306011E |
Shareholding
The shareholding of Sarvesh Refractories 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 Sarvesh Refractories Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2025 | 101197050 | State Bank of India | ₹90 Lakh | Open | |
| 21 Aug 2024 | 100979441 | Others | ₹9.4 Lakh | Open | |
| 21 Aug 2024 | 100979436 | Others | ₹10.6 Lakh | Open | |
| 23 May 2024 | 100938419 | Others | ₹1.37 Cr | Open | |
| 16 Jan 2024 | 100859630 | Others | ₹73 Lakh | Open |
To see the full charge records of Sarvesh Refractories Private Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Sarvesh Refractories Private Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.92 Cr; the latest was in September 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Begee Metals Private Limited Seller: Rourkela Minerals Company Private Limited |
| Mar 2010 | Funding round | ₹14 Cr | Investors: Thanwas Commercial Private Limited , Thanwas Investment Limited, Eternity Multimedia Private Limited, an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Thanwas Financial Services Private Limited , 2 individuals Seller: Jaichand Tieup Private Limited, 3 individuals |
| Mar 2007 | Funding round | ₹8.58 Cr | Investors: Thanwas Investment Limited, Jaichand Tieup Private Limited, Thanwas Commercial Private Limited |
To see the full deal history of Sarvesh Refractories 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
Sarvesh Refractories Private Limited has 25 court cases on record: 7 filed by Sarvesh Refractories, 18 filed against it. 3 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 1 |
| High courts | 11 | 6 | 1 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Commissioner of Central Excise, Customs and Service Tax, Bhubaneswar II and 2 others | Disposed |
| High Court, JHARKHAND | Writ petition | Filed against the company by TRL Krosaki Refractories Limited Represented Through SH Madala Venkateswara Rao Alias M V Rao | Pending |
| High Court | Arbitration matter | Filed against the company by Srei Equipment Finance Ltd | Disposed |
| High Court, TELANGANA | Writ petition | Filed against the company by Trinity Beverages Private Limited Employees Union, Medak DT and 1 other | Disposed |
| High Court | Court case (COPET) | Filed against the company by Srei Equipment Finance Ltd. | Disposed |
To see the full case history of Sarvesh Refractories 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 Sarvesh Refractories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sarvesh Refractories Private Limited has a workforce of 255 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Sarvesh Refractories has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAECS5602D1Z0 | Odisha | Active | 01 Jul 2017 |
| 21AAECS5602D2ZZ | Odisha | Active | 01 Dec 2023 |
To see the full GST registrations and return filing status of Sarvesh Refractories Private Limited, buy the company report.
Recent activity
Sarvesh Refractories Private Limited has 12 board changes on record since 2007: 4 appointments and 8 cessations. The latest: Debi Prasad Chakraborti ceased to be Director on 31 Mar 2021.
79 earlier events are in the company report.
Frequently asked questions
Sarvesh Refractories is an active private limited company based in Rourkela, Odisha, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 07 December 1992 (34+ years old) and is registered under CIN U26999OR1992PTC003209.
Sarvesh Refractories has 4 current directors:
- Kushal Agarwal - Managing Director
- Kiran Agarwal - Director
- Debasish Sarkar - Director
- Debi Prasad Chakraborti - Director
The latest financial statements of Sarvesh Refractories 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 Sarvesh Refractories is 21AAECS5602D1Z0, registered in Odisha. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 21AAECS5602D2ZZ (Odisha).
The CIN (Corporate Identification Number) of Sarvesh Refractories is U26999OR1992PTC003209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarvesh Refractories has 25 court cases on record: 7 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.
Sarvesh Refractories was incorporated on 07 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Cuttack.
Sarvesh Refractories has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.92 Cr; the latest was in September 2022.
The peers of Sarvesh Refractories by revenue are Mahakoshal Refractories Private Limited, LSC Infratech Limited, S T P Ltd, all in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Debi Prasad Chakraborti ceased to be Director on 31 Mar 2021. Debasish Sarkar was appointed as Director on 11 Feb 2021. Kiran Agarwal was appointed as Director on 09 Dec 2020. Sarvesh Refractories has 12 board changes on record in total.
Sarvesh Refractories can be reached through the website sarvesh.com. Its registered office is in Rourkela, Odisha, India.
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