About Sesa Resources Limited
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Sesa Resources Limited is a public limited company based in Panaji, Goa, India, a subsidiary of Vedanta Limited. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 22 April 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U13209GA1965PLC000030. Its GSTIN is 30AAACV7160R1Z0 (Goa).
The company has an authorised share capital of ₹14.95 Cr and a paid-up capital of ₹1.25 Cr. It was formerly known as V. S. Dempo & Company Limited and V. S. Dempo & Company Private 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 ₹111.37 Cr, a growth of 110% compared to the previous year. For the same year it recorded a net loss of ₹2.76 Cr (net margin -2.5%) and EBITDA of ₹72.84 Cr (EBITDA margin 65.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 33% over five years.
The company has about 115 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹2.19 Cr and satisfied charges of ₹1,867.27 Cr on record. Court records list 167 cases involving the company, including 89 filed by the company and 79 filed against it; 66 cases are pending.
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 Resources has undergone 2 name changes throughout its history. The company was previously known as V. S. Dempo & Company Limited, and V. S. Dempo & Company Private Limited. The current legal name is Sesa Resources Limited.
| Company Name | Status |
|---|---|
| Sesa Resources Limited | Current |
| V. S. Dempo & Company Limited | Previous |
| V. S. Dempo & Company Private Limited | Previous |
CIN history
Sesa Resources has one previous CIN (Corporate Identification Number): U13209GA1965PTC000030. The current CIN is U13209GA1965PLC000030, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13209GA1965PLC000030 | Current |
| U13209GA1965PTC000030 | Previous |
Contact details
Sesa Resources 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, Other Metals & Minerals
To see the full contact details of Sesa Resources 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 Sesa Resources is mining and quarrying. In detail, this covers mining of metal ores.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B3 | Mining of Metal Ores |
To see the full business activity and turnover split of Sesa Resources Limited, buy the company report.
Financials of Sesa Resources Limited
FY 2025 filings availableSesa Resources Limited reported revenue of ₹111.37 Cr (up 110% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 110% growth in the latest year. EBITDA rose 131% 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 | ₹72.84 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹2.76 Cr | ||||
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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 | 65.4% | ||||
| Net Profit Margin | -2.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sesa Resources Limited, buy the company report.
Board of directors of Sesa Resources Limited
Sesa Resources has 3 current directors and 23 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 Mining Corporation Limited, Sesa Iron and Steel Limited, Vedanta Iron and Steel Limited and 5 more | Director | 10 Aug 2020 | 6 Years 2 Months | Current |
| Leena Bhiku Verenkar Also directs: Sesa Mining Corporation 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 Also directs: Sesa Mining Corporation Limited, Sesa Iron and Steel Limited, Malco Energy Limited and 5 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Auditor
Sesa Resources Limited is audited by S R B C AND CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C AND CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Sesa Resources 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 Sesa Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2023 | 100725284 | Others | ₹1.65 Cr | Open | |
| 31 May 2021 | 100462205 | Others | ₹54 Lakh | Open | |
| 26 Mar 2024 | 100935194 | Others | ₹1,600 Cr | Satisfied | |
| 25 Sep 2006 | 10023433 | Standard Chartered Bank | ₹46.5 Cr | Satisfied | |
| 14 Sep 2005 | 90076944 | Canara Bank | ₹30 Cr | Satisfied |
To see the full charge records of Sesa Resources Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Sesa Resources Limited has 167 court cases on record: 89 filed by Sesa Resources, 79 filed against it. 66 cases are pending and 101 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 97 | 30 | 43 |
| Supreme Court | 35 | 27 | 6 |
| District courts | 29 | 22 | 12 |
| NCLAT | 6 | 0 | 5 |
Cases on record (5 of 167)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Dinar Tarcar Resources (India) Pvt. Ltd Rep. by Ankush Pednekar | Pending |
| District court, South Goa, Goa | Commercial suit | Filed against the company by Dinar Tarcar Resources (India) Pvt. Ltd. | Pending |
| District court, North Goa, Goa | Appeal | Filed against the company by M/S. Vedanta Ltd | Disposed |
| High Court, GOA | Court case (MCA) | Filed against the company by Sesa Resources Limited THR Dhirajkumar N. Jagdish | Disposed |
| High Court, GOA | Court case (MCA) | Filed by the company against Damodar Mangalji and Co. Ltd and 9 others | Disposed |
To see the full case history of Sesa Resources 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 Resources Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 246 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tyresoles (India) Private Limited | |||
| an individual supplier | |||
| Ansh Structural Lab Private Limited | |||
| an individual supplier | |||
| Marine Electrical Agencies |
To see the full MSME payment records of Sesa Resources Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sesa Resources has 3 subsidiary companies and 1 associated 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 |
|---|---|---|
| Sesa Mining Corporation Limited | U13209GA1969PLC000091 | |
| Paradip Multi Cargo Berth Private Limited | U35100TN2011PTC079116 | |
| Sterlite Ports Limited | U40109TN2010PLC084216 |
To see the full group structure of Sesa Resources Limited, buy the company report.
Employees & EPFO
Sesa Resources Limited has a workforce of 115 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sesa Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACV7160R1Z0 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sesa Resources Limited, buy the company report.
Recent activity
Sesa Resources Limited has 25 board changes on record since 2009: 3 appointments and 22 cessations. The latest: Leena Bhiku Verenkar ceased to be Additional Director on 29 Jun 2023.
65 earlier events are in the company report.
Frequently asked questions
Sesa Resources 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 22 April 1965 (61+ years old) and is registered under CIN U13209GA1965PLC000030.
Sesa Resources has 3 current directors:
- Navin Kumar Jaju - Director
- Leena Bhiku Verenkar - Additional Director
- Narayanaswamy Alampallam Ramakrishnan - Director
The latest financial statements of Sesa Resources 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 Resources is 30AAACV7160R1Z0, registered in Goa.
The CIN (Corporate Identification Number) of Sesa Resources is U13209GA1965PLC000030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sesa Resources has 167 court cases on record: 89 filed by the company and 79 filed against it. 66 are pending. Most are in the high courts.
Sesa Resources was incorporated on 22 April 1965, making it 61+ years old. It is registered with the Registrar of Companies, Goa.
Leena Bhiku Verenkar ceased to be Additional Director on 29 Jun 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 Resources has 25 board changes on record in total.
Sesa Resources has 11 MSME Form 1 returns on record between 2019 and 2024, listing 246 overdue payments to 54 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Sesa Resources can be reached through the website sesagoaironore.com. Its registered office is in Panaji, Goa, India.
The registered office of Sesa Resources is at Sesa Ghor 20 Edc Complex Patto, Panaji, Goa, India – 403001.