About Sesa Mining Corporation Limited
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Sesa Mining Corporation Limited is a public limited company based in Panaji, Goa, India, a subsidiary of Sesa Resources Limited. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 27 June 1969 and has been in existence for over 57 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U13209GA1969PLC000091. Its GSTIN is 30AAACD7444G1Z2 (Goa).
The company has an authorised share capital of ₹22.29 Cr and a paid-up capital of ₹22.29 Cr. It was formerly known as Dempo Mining Corporation Limited and Dempo Mining Corporation Limited. It is led by directors including Navin Kumar Jaju and Narayanaswamy Alampallam Ramakrishnan.
Its last annual general meeting (AGM) was held on 07 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sesa Ghor 20 Edc Complex Patto, Panaji, Goa, India – 403001.
As per the financials filed for FY 2025, the company reported a revenue of ₹574.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹118.16 Cr (net margin 20.5%) and EBITDA of ₹195.93 Cr (EBITDA margin 34.1%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 166% over five years.
The company has about 72 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sesa Goa Iron Ore. As per MCA filings, the company has open charges of ₹1.25 Cr and satisfied charges of ₹65 Cr on record. Court records list 86 cases involving the company, including 37 filed by the company and 50 filed against it; 19 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 286 overdue payments to 45 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sesagoaironore.com.
Company details
Name history
Sesa Mining Corporation has undergone 3 name changes throughout its history. The company was previously known as Dempo Mining Corporation Limited, Dempo Mining Corporation Limited, and Dempo Mining Corporation Private Limited. The current legal name is Sesa Mining Corporation Limited.
| Company Name | Status |
|---|---|
| Sesa Mining Corporation Limited | Current |
| Dempo Mining Corporation Limited | Previous |
| Dempo Mining Corporation Limited | Previous |
| Dempo Mining Corporation Private Limited | Previous |
CIN history
Sesa Mining Corporation has one previous CIN (Corporate Identification Number): U13209GA1969PTC000091. The current CIN is U13209GA1969PLC000091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13209GA1969PLC000091 | Current |
| U13209GA1969PTC000091 | Previous |
Contact details
Sesa Mining Corporation Limited's registered office is in Panaji, Goa. Its website is sesagoaironore.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSesa Ghor 20 Edc Complex Patto, Panaji, Goa, India – 403001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Sesa Mining Corporation 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
Sesa Mining Corporation operates one associated brand: Sesa Goa Iron Ore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron ore exploration, development, manufacturing, and supply are provided. | sesagoaironore.com |
Business activity
The main business activity of Sesa Mining Corporation is transportation and storage. In detail, this covers warehousing and support activities for transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 52 | Warehousing and support activities for transportation |
To see the full business activity and turnover split of Sesa Mining Corporation Limited, buy the company report.
Financials of Sesa Mining Corporation Limited
FY 2025 filings availableSesa Mining Corporation Limited reported revenue of ₹574.99 Cr (up 160% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 166% over five years, including 160% growth in the latest year. EBITDA rose 46% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹574.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹195.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹118.16 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.1% | ||||
| Net Profit Margin | 20.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sesa Mining Corporation Limited, buy the company report.
Board of directors of Sesa Mining Corporation Limited
Sesa Mining Corporation has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navin Kumar Jaju Also directs: Sesa Resources Limited, Sesa Iron and Steel Limited, Vedanta Iron and Steel Limited and 4 more | Director | 10 Aug 2020 | 6 Years 3 Months | Current |
| Leena Bhiku Verenkar Also directs: Sesa Resources Limited, Sesa Iron and Steel Limited, Sterlite Iron and Steel Company Limited and 2 more | Additional Director | 23 Dec 2022 | 3 Years 10 Months | Current |
| Narayanaswamy Alampallam Ramakrishnan | Director | 01 Apr 2021 | 5 Years 7 Months | Current |
Auditor
Sesa Mining Corporation Limited is audited by APT & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APT & CO LLP | FY 2025 | 014621C/N500088 |
Shareholding
The shareholding of Sesa Mining Corporation Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sesa Mining Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2021 | 100469295 | Others | ₹1.25 Cr | Open | |
| 14 Sep 2005 | 90076560 | Canara Bank | ₹30 Cr | Satisfied | |
| 24 Aug 2005 | 90065722 | Oriental Bank of Commerce | ₹30 Cr | Satisfied | |
| 06 Jun 2005 | 90065163 | Canara Bank | ₹- | Satisfied | |
| 18 Sep 2000 | 90065054 | Canara Bank | ₹5 Cr | Satisfied |
To see the full charge records of Sesa Mining Corporation Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sesa Mining Corporation Limited has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Acquisition | Undisclosed | Buyer: Sesa Resources Limited Seller: Vedanta Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Vedanta Limited Seller: Sesa Resources Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sesa Mining Corporation Limited has 86 court cases on record: 37 filed by Sesa Mining Corporation, 50 filed against it. 19 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 44 | 29 | 4 |
| District courts | 21 | 10 | 7 |
| Supreme Court | 14 | 11 | 3 |
| NCLAT | 6 | 0 | 5 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (MCA) | Filed against the company by Chowgule and Company Private Limited THR Its Constituted Attorney Sudhir Y. Wakhle | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Catalyst Trusteeship Limited (Formerly Gda Trusteeship Limited) and 4 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Dewan Housing Finance Corporation Ltd and 4 others | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company by Rajaram Bandekar (Sirigao) Mines Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against M/S Chowgule and Company Pvt Ltd and 2 others | Disposed |
To see the full case history of Sesa Mining Corporation 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
Sesa Mining Corporation Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 286 overdue payments to 45 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Opcommerce Online Private Limited | |||
| an individual supplier | |||
| K. P. Singh Brothers | |||
| an individual supplier | |||
| Southern Electronics ( Bangalore ) Private Limited |
To see the full MSME payment records of Sesa Mining Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sesa Mining Corporation has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Desai Cement Company Private Limited | U26942GA1997PTC002183 |
To see the full group structure of Sesa Mining Corporation Limited, buy the company report.
Employees & EPFO
Sesa Mining Corporation Limited has a workforce of 72 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 72 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Sesa Mining Corporation Limited, buy the company report.
GST
Sesa Mining Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACD7444G1Z2 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sesa Mining Corporation Limited, buy the company report.
Recent activity
Sesa Mining Corporation Limited has 26 board changes on record since 2009: 3 appointments and 23 cessations. The latest: Leena Bhiku Verenkar ceased to be Additional Director on 28 Dec 2023.
28 earlier events are in the company report.
Frequently asked questions
Sesa Mining Corporation is an active public limited company based in Panaji, Goa, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 27 June 1969 (57+ years old) and is registered under CIN U13209GA1969PLC000091.
Sesa Mining Corporation has 3 current directors:
- Navin Kumar Jaju - Director
- Leena Bhiku Verenkar - Additional Director
- Narayanaswamy Alampallam Ramakrishnan - Director
The latest financial statements of Sesa Mining Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sesa Mining Corporation is 30AAACD7444G1Z2, registered in Goa.
The CIN (Corporate Identification Number) of Sesa Mining Corporation is U13209GA1969PLC000091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sesa Mining Corporation has 86 court cases on record: 37 filed by the company and 50 filed against it. 19 are pending. Most are in the high courts.
Sesa Mining Corporation was incorporated on 27 June 1969, making it 57+ years old. It is registered with the Registrar of Companies, Goa.
Sesa Mining Corporation has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023.
Leena Bhiku Verenkar ceased to be Additional Director on 28 Dec 2023. Leena Bhiku Verenkar was appointed as Additional Director on 23 Dec 2022. Navin Kumar Jaju ceased to be Director on 10 Aug 2022. Sesa Mining Corporation has 26 board changes on record in total.
Sesa Mining Corporation has 11 MSME Form 1 returns on record between 2019 and 2024, listing 286 overdue payments to 45 micro and small suppliers. The latest return was filed on 01 May 2024.
Sesa Mining Corporation can be reached through the website sesagoaironore.com. Its registered office is in Panaji, Goa, India.
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