About Satya Iron & Steels Private Limited
Data last updated:
Satya Iron & Steels Private Limited is a private limited company based in Raipur, Chhattisgarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 29 August 2006.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U24241CT2006PTC020057. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.29 Lakh. It was formerly known as Swarna Labs Private Limited. It is led by directors including Rajesh Sharma (Managing Director) and Anju Sharma.
Its last annual general meeting (AGM) was held on 29 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 252 Parthiv Pacific Tatibandh, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.6 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.81 Cr and EBITDA of -₹13.83 Lakh (EBITDA margin -144.1%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 61% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹29.16 Cr and satisfied charges of ₹31.98 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 3 cases are pending.
The last known website on record is pratigyaisipipes.com.
Company details
Contact details
Satya Iron & Steels Private Limited's registered office is in Raipur, Chhattisgarh. Its website is pratigyaisipipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address252 Parthiv Pacific Tatibandh, Raipur, Chhattisgarh, India – 492001
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Satya Iron & Steels 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
Business activity
The main business activity of Satya Iron & 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 Satya Iron & Steels Private Limited, buy the company report.
Financials of Satya Iron & Steels Private Limited
FY 2024 filings availableSatya Iron & Steels Private Limited reported revenue of ₹9.6 Lakh (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years. EBITDA rose 100% 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 | -₹13.83 Lakh | ||||
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| Net Profit (PAT) | -₹1.81 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 | -144.1% | ||||
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To see the full financial statements and ratios of Satya Iron & Steels Private Limited, buy the company report.
Board of directors of Satya Iron & Steels Private Limited
Satya Iron & Steels has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anju Sharma | Director | 02 Mar 2015 | 11 Years 7 Months | As last reported |
| Rajesh Sharma | Managing Director | 01 Apr 2008 | 18 Years 6 Months | As last reported |
| Ashutosh Khemani | Irp/Rp/Liquidator | 24 Jun 2025 | 1 Years 4 Months | As last reported |
Auditor
Satya Iron & Steels Private Limited is audited by Nitish Kumar Agrawal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nitish Kumar Agrawal & Co | FY 2023 | 025672C |
Shareholding
The shareholding of Satya Iron & Steels Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Satya Iron & Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2022 | 100612468 | Others | ₹54 Lakh | Open | |
| 28 Jun 2022 | 100592459 | Others | ₹28.62 Cr | Open | |
| 18 Nov 2021 | 100503478 | Sidbi | ₹57.26 Lakh | Satisfied | |
| 21 Dec 2020 | 100423906 | Others | ₹96 Lakh | Satisfied | |
| 26 Nov 2020 | 100395396 | Others | ₹6.87 Cr | Satisfied |
To see the full charge records of Satya Iron & Steels Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Satya Iron & Steels Private Limited has 6 court cases on record: 2 filed by Satya Iron & Steels, 4 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Yes Bank Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Pending |
| District court, Raipur, Chhattisgarh | Court case (MJC Criminal Cases) | Filed against the company by Bank of Baroda | Disposed |
| NCLT, NCLT Cuttack | Insolvency matter | Filed by the company | Pending |
| District court, Durg, Chhattisgarh | Court case (MJC Cri.) | Filed against the company by Bank of Baroda | Disposed |
To see the full case history of Satya Iron & 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 Satya Iron & Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Satya Iron & Steels Private Limited has a workforce of 5 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Satya Iron & Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Satya Iron & Steels Private Limited, buy the company report.
Recent activity
Satya Iron & Steels Private Limited has 10 board changes on record since 2008: 3 appointments and 7 cessations. The latest: Ashutosh Khemani was appointed as Irp/Rp/Liquidator on 24 Jun 2025.
31 earlier events are in the company report.
Frequently asked questions
Satya Iron & Steels is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Satya Iron & Steels is a company under insolvency, formerly operating as a private limited company based in Raipur, Chhattisgarh, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 29 August 2006 and is registered under CIN U24241CT2006PTC020057. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Satya Iron & Steels has 3 current directors:
- Rajesh Sharma - Managing Director
- Anju Sharma - Director
- Ashutosh Khemani - Irp/Rp/Liquidator
The latest financial statements of Satya Iron & Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 July 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Satya Iron & Steels is U24241CT2006PTC020057. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satya Iron & Steels has open charges of ₹29.16 Cr and satisfied charges of ₹31.98 Cr as per latest MCA filings.
Satya Iron & Steels has 6 court cases on record: 2 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Satya Iron & Steels was incorporated on 29 August 2006. It is registered with the Registrar of Companies, Chhattisgarh.
Ashutosh Khemani was appointed as Irp/Rp/Liquidator on 24 Jun 2025. Rajesh Sharma ceased to be Director on 19 Sep 2019. Suresh Sharma ceased to be Director on 30 May 2016. Satya Iron & Steels has 10 board changes on record in total.
Satya Iron & Steels can be reached through the website pratigyaisipipes.com. Its registered office is in Raipur, Chhattisgarh, India.