MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-KL-02-0018631
Shikha Metals Private Limited - metals and minerals in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹119.49 Cr
▼ 2% YoY
Net profit · FY 2024
₹85.26 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.01 Cr
EBITDA margin 0.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹8.56 Cr
Satisfied ₹25 Lakh
Company age
33 yrs
Est. 1993
Directors on board
3
As per MCA filings
About Shikha Metals Private Limited
Data last updated:
Shikha Metals Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 13 August 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27310KA1993PTC014636. Its GSTIN is 32AACCS5014P1ZC (Kerala).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Saroj Steels Private Limited. It is led by directors including Vaibhav Jain and Hemendra Jain.
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 #55/1 3rd Floor 5th Cross Nagarbhavi, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2024, the company reported a revenue of ₹119.49 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹85.26 Lakh (net margin 0.7%) and EBITDA of ₹1.01 Cr (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹8.56 Cr and satisfied charges of ₹25 Lakh on record. Court records list 33 cases involving the company, including 18 filed by the company and 15 filed against it; 14 cases are pending.
Shikha Metals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0018631). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shikhametals.com.
Company details
CIN U27310KA1993PTC014636
Registration Number 014636
Incorporation Date 13 August 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0018631
Recognitions & Rankings of Shikha Metals
Contact details
Shikha Metals Private Limited's registered office is in Bangalore, Karnataka. Its website is shikhametals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#55/1 3rd Floor 5th Cross Nagarbhavi, Bangalore, Karnataka, India – 560072
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Shikha Metals Private Limited, buy the company report.
Comprehensive company report
Shikha Metals Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Shikha Metals 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 Shikha Metals Private Limited, buy the company report.
Financials of Shikha Metals Private Limited
FY 2024 filings availableShikha Metals Private Limited reported revenue of ₹119.49 Cr (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹119.49 Cr ▼ 2%
Net profit · FY 2024
₹85.26 Lakh margin 0.7%
EBITDA · FY 2024
₹1.01 Cr margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 23%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 40%
3 years · compounded
▼ 2%
5 years · compounded
▼ 3%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 40% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85.26 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Shikha Metals Private Limited, buy the company report.
Board of directors of Shikha Metals Private Limited
Shikha Metals has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Jain | Director | 10 May 2012 | 14 Years 5 Months | Current |
| Hemendra Jain | Director | 13 Aug 1993 | 33 Years 2 Months | Current |
| Shikha Jain | Director | 13 Aug 1993 | 33 Years 2 Months | Current |
Peer comparison
Shikha Metals Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Metals), 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 |
|---|---|---|---|---|---|---|
| Sirmour Steel Metalloys Private Limited | ₹119.8 Cr (FY 2022) | 98.0% | Kala Amb, Himachal Pradesh, India | |||
| Allied Ferromet Private Limited | ₹119.64 Cr (FY 2025) | 32.0% | Mumbai, Maharashtra, India | |||
| Shree Ji Steel Private Limited | ₹119.56 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Shikha Metals Private Limitedthis company | ₹119.49 Cr (FY 2024) | ₹85.26 Lakh | 0.7% | -2.0% | Bangalore, Karnataka, India | |
| Aman Trading Company Private Limited. | ₹119.27 Cr (FY 2019) | 50.0% | New Delhi, Delhi, India | |||
| Orelia Metals and Chemicals Private Limited | ₹119.06 Cr (FY 2025) | -71.0% | Ludhiana, Punjab, India | |||
| Chaudharana Iron Traders Private Limited | ₹118.63 Cr (FY 2025) | 39.0% | Uttar Pradesh, India | |||
| Ravi Renewables Private Limited | ₹118.56 Cr (FY 2025) | 22.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Shikha Metals Private Limited, buy the company report.
Auditor
Shikha Metals Private Limited is audited by Hiranmayi Nitish & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hiranmayi Nitish & Co | FY 2023 | 011918S |
Shareholding
The shareholding of Shikha Metals 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 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 Shikha Metals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.56 Cr
Satisfied charges
₹25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2012 | 10370748 | Ing Vysya Bank Limited | ₹10 Lakh | Open | |
| 16 Aug 2011 | 10304430 | Ing Vysya Bank Limited | ₹7 Lakh | Open | |
| 18 Sep 2010 | 10251598 | Ing Vysya Bank Limited | ₹9 Lakh | Open | |
| 22 Jun 2006 | 10012753 | Ms Sundaram Finance Limited | ₹5.3 Lakh | Open | |
| 02 Nov 2005 | 80006304 | Kotak Mahindra Bank Limited | ₹7 Cr | Open |
To see the full charge records of Shikha Metals Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Shikha Metals Private Limited has 33 court cases on record: 18 filed by Shikha Metals, 15 filed against it. 14 cases are pending and 19 are disposed.
Total cases
33
Filed by the company
18
Filed against the company
15
Pending
14
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 7 |
| High courts | 15 | 14 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against Delhi Metro Rail Corporation Ltd. and 3 others | Pending |
| High Court | Court case (OP(C)) | Filed against the company by M/S. MF Bumi Geotech, Pvt. Ltd. | Disposed |
| District court, Idukki, Kerala | Execution petition | Filed by the company against M/S MF Bumi Geotech Pvt Ltd. and 2 others | Disposed |
| District court, Idukki, Kerala | Civil suit | Filed by the company against MF Bumi Geotech Pvt.Ltd and 2 others | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against M/S GMW Pvt Ltd and 1 other | Disposed |
To see the full case history of Shikha Metals 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 Shikha Metals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shikha Metals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCS5014P1ZC | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shikha Metals Private Limited, buy the company report.
Recent activity
Shikha Metals Private Limited has 3 board changes on record since 1993: 3 appointments. The latest: Vaibhav Jain was appointed as Director on 10 May 2012.
AGM
Shikha Metals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Shikha Metals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 700.00 Lakh registered on 02 Nov 2005 with Charge ID 80006304 was modified on 19 Mar 2015.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 10.00 Lakh with Charge ID 10370748 was registered on 22 Jun 2012.
Appointed
Vaibhav Jain was appointed as Director.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 7.00 Lakh with Charge ID 10304430 was registered on 16 Aug 2011.
Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 9.00 Lakh with Charge ID 10251598 was registered on 18 Sep 2010.
Charges
A charge with Ms Sundaram Finance Limited amounted to Rs. 5.30 Lakh with Charge ID 10012753 was registered on 22 Jun 2006.
Charges
A charge registered on 16 Mar 1996 via Charge ID 90196995 with Karnatak Bank Ltd was fully satisfied on 02 Feb 2006.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 700.00 Lakh with Charge ID 80006304 was registered on 02 Nov 2005.
Charges
A charge with The Vysya Bank Ltd of Rs. 50.00 Lakh registered on 20 Aug 1997 with Charge ID 90197242 was modified on 28 Oct 1999.
Charges
A charge with The Vysya Bank Ltd. of Rs. 50.00 Lakh registered on 20 Aug 1997 with Charge ID 90200197 was modified on 28 Oct 1999.
7 earlier events are in the company report.
Frequently asked questions
Shikha Metals is an active private limited company based in Bangalore, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 13 August 1993 (33+ years old) and is registered under CIN U27310KA1993PTC014636.
Shikha Metals has 3 current directors:
- Vaibhav Jain - Director
- Hemendra Jain - Director
- Shikha Jain - Director
The latest financial statements of Shikha Metals 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 Shikha Metals is 32AACCS5014P1ZC, registered in Kerala.
The CIN (Corporate Identification Number) of Shikha Metals is U27310KA1993PTC014636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shikha Metals has 33 court cases on record: 18 filed by the company and 15 filed against it. 14 are pending. Most are in the district courts.
Shikha Metals was incorporated on 13 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shikha Metals by revenue are Sirmour Steel Metalloys Private Limited, Allied Ferromet Private Limited, Shree Ji Steel Private Limited, Aman Trading Company Private Limited, Orelia Metals and Chemicals Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution, Metals), with the same principal business activity (wholesale trading).
Vaibhav Jain was appointed as Director on 10 May 2012. Hemendra Jain was appointed as Director on 13 Aug 1993. Shikha Jain was appointed as Director on 13 Aug 1993.
Yes, Shikha Metals is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-02-0018631).
Shikha Metals can be reached through the website shikhametals.com. Its registered office is in Bangalore, Karnataka, India.
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