Shree Vaishanavi Ispat Limited
About Shree Vaishanavi Ispat Limited
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Shree Vaishanavi Ispat Limited is a public limited company based in Kanksa, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB2005PLC102735. Its GSTIN is 19AACCV0295M1ZU (West Bengal).
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.46 Cr. It was formerly known as Vaishanavi Ispat Private Limited and Vaishanavi Ispat Limited. It is led by directors including Maneesh Rathi and Rajesh Kumar Shaw.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kanksa, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.78 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹13.27 Cr (net margin -277.6%) and EBITDA of -₹42.68 Lakh (EBITDA margin -8.9%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 30% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹508.19 Cr on record. Court records list 33 cases involving the company, including 15 filed by the company and 18 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Shree Vaishanavi Ispat has undergone 2 name changes throughout its history. The company was previously known as Vaishanavi Ispat Private Limited, and Vaishanavi Ispat Limited. The current legal name is Shree Vaishanavi Ispat Limited.
| Company Name | Status |
|---|---|
| Shree Vaishanavi Ispat Limited | Current |
| Vaishanavi Ispat Private Limited | Previous |
| Vaishanavi Ispat Limited | Previous |
CIN history
Shree Vaishanavi Ispat has one previous CIN (Corporate Identification Number): U27109WB2005PTC102735. The current CIN is U27109WB2005PLC102735, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109WB2005PLC102735 | Current |
| U27109WB2005PTC102735 | Previous |
Contact details
Shree Vaishanavi Ispat Limited's registered office is in Kanksa, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBamunara Industrial Area, Mouza – Bamunara, Kanksa, West Bengal, India – 713212
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Shree Vaishanavi Ispat 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 Shree Vaishanavi Ispat 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 Shree Vaishanavi Ispat Limited, buy the company report.
Financials of Shree Vaishanavi Ispat Limited
FY 2025 filings availableShree Vaishanavi Ispat Limited reported revenue of ₹4.78 Cr (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 90% fall in the latest year. EBITDA rose 95% 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 | -₹42.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.27 Cr | ||||
| Balance Sheet | |||||
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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 | -8.9% | ||||
| Net Profit Margin | -277.6% | ||||
| Return on Equity (ROE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Shree Vaishanavi Ispat Limited, buy the company report.
Board of directors of Shree Vaishanavi Ispat Limited
Shree Vaishanavi Ispat has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maneesh Rathi | Director | 16 Feb 2021 | 5 Years 8 Months | Current |
| Rajesh Kumar Shaw | Director | 08 Jun 2023 | 3 Years 5 Months | Current |
| Giriraj Ratan Binani Also directs: Kalinga Ferro Ispat Private Limited, Swagath Vyapaar Pvt Ltd | Director | 22 Mar 2023 | 3 Years 7 Months | Current |
| Girdhar Binani | Director | 25 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Shree Vaishanavi Ispat Limited is audited by Chhaparia & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chhaparia & Associates | FY 2023 | 322169E |
Shareholding
The shareholding of Shree Vaishanavi Ispat 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 Shree Vaishanavi Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2011 | 10300050 | Religare Finvest Limited | ₹1 Cr | Satisfied | |
| 29 Sep 2010 | 10244757 | Others | ₹56.69 Cr | Satisfied | |
| 29 Sep 2010 | 10244777 | Others | ₹146.25 Cr | Satisfied | |
| 27 Aug 2009 | 10179410 | Others | ₹64.5 Cr | Satisfied | |
| 27 Aug 2009 | 10179413 | Others | ₹81.75 Cr | Satisfied |
To see the full charge records of Shree Vaishanavi Ispat Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Shree Vaishanavi Ispat Limited has 33 court cases on record: 15 filed by Shree Vaishanavi Ispat, 18 filed against it. 10 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 5 | 3 |
| District courts | 14 | 13 | 7 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Commercial suit | Filed against the company by M/S. Finlay Agencies (India) Private Limited | Pending |
| District court, Calcutta, West Bengal | Commercial suit | Filed against the company by Sharp Ferro Alloys Limited | Pending |
| Calcutta High Court | Court case (CS-COM) | Filed against the company by Mahipal Ferro Alloys LLP | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (MS (Com)) | Filed against the company by Damodar Valley Corporation | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Shivam Iron and Steel Company Ltd | Pending |
To see the full case history of Shree Vaishanavi Ispat 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.
Credit ratings & regulatory alerts
Shree Vaishanavi Ispat Limited was last rated by Crisil on 06 Apr 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Apr 2016 |
To see the full credit ratings and regulatory alerts of Shree Vaishanavi Ispat Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shree Vaishanavi Ispat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shree Vaishanavi Ispat Limited has a workforce of 255 employees on its EPFO records as of Oct 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 255 |
| 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 Shree Vaishanavi Ispat Limited, buy the company report.
GST
Shree Vaishanavi Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCV0295M1ZU | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shree Vaishanavi Ispat Limited, buy the company report.
Recent activity
Shree Vaishanavi Ispat Limited has 18 board changes on record since 2010: 4 appointments and 14 cessations. The latest: Girdhar Binani ceased to be Additional Director on 29 Sep 2025.
35 earlier events are in the company report.
Frequently asked questions
Shree Vaishanavi Ispat is an active public limited company based in Kanksa, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 April 2005 (21+ years old) and is registered under CIN U27109WB2005PLC102735.
Shree Vaishanavi Ispat has 4 current directors:
- Maneesh Rathi - Director
- Rajesh Kumar Shaw - Director
- Giriraj Ratan Binani - Director
- Girdhar Binani - Director
The latest financial statements of Shree Vaishanavi Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shree Vaishanavi Ispat is 19AACCV0295M1ZU, registered in West Bengal.
The CIN (Corporate Identification Number) of Shree Vaishanavi Ispat is U27109WB2005PLC102735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Vaishanavi Ispat has 33 court cases on record: 15 filed by the company and 18 filed against it. 10 are pending. Most are in the high courts.
Shree Vaishanavi Ispat was incorporated on 13 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.
Girdhar Binani ceased to be Additional Director on 29 Sep 2025. Girdhar Binani was appointed as Director on 25 Apr 2025. Rajesh Kumar Shaw ceased to be Additional Director on 29 Sep 2023. Shree Vaishanavi Ispat has 18 board changes on record in total.
The registered office of Shree Vaishanavi Ispat is at Bamunara Industrial Area, Mouza – Bamunara, Kanksa, West Bengal, India – 713212.
Shree Vaishanavi Ispat operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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