About Sikkim Ferro Alloys Limited
Data last updated:
Sikkim Ferro Alloys Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 04 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28910MH1998PLC113802. Its GSTIN is 27AAGCS8115B1ZK (Maharashtra). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹46.48 Cr. It is led by directors including Kamlesh Manohar Kanungo and Dhiraj Babulal Shah.
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 2nd Floor Apsara Cinema Building Dr Db Marg Grant Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.15 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹145.4 Cr and EBITDA of ₹146.95 Cr. Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 62% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sikkim Ferro Alloys. As per MCA filings, the company has open charges of ₹224.5 Cr and satisfied charges of ₹805.5 Cr on record. Court records list 68 cases involving the company, including 37 filed by the company and 31 filed against it; 25 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website sikkimferroalloys.com.
Company details
Contact details
Sikkim Ferro Alloys Limited's registered office is in Mumbai, Maharashtra. Its website is sikkimferroalloys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Apsara Cinema Building Dr Db Marg Grant Road, Mumbai, Maharashtra, India – 400007
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Sikkim Ferro Alloys 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
Sikkim Ferro Alloys operates one associated brand: Sikkim Ferro Alloys. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services in Maine. | sikkimferroalloys.com |
Financials of Sikkim Ferro Alloys Limited
FY 2025 filings availableSikkim Ferro Alloys Limited reported revenue of ₹84.15 Lakh (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 57% fall 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 | ₹146.95 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹145.4 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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To see the full financial statements and ratios of Sikkim Ferro Alloys Limited, buy the company report.
Board of directors of Sikkim Ferro Alloys Limited
Sikkim Ferro Alloys 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 |
|---|---|---|---|---|
| Kamlesh Manohar Kanungo | Director | 04 Mar 1998 | 28 Years 7 Months | Current |
| Dhiraj Babulal Shah Also directs: Prescon Shelters LLP, Gorlas Infrastructure Private Limited, Buzzactive Infraprojects Private Limited and 5 more | Director | 12 Jul 2024 | 2 Years 3 Months | Current |
| Anil Babulal Lalwani Also directs: Stainless Metalex India Private Limited, Gorlas Techno Space Limited, Prakash Plastics Private Limited and 5 more | Director | 20 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Sikkim Ferro Alloys Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Resham Metals Private Limited | ₹85.09 Lakh (FY 2024) | 2.0% | Kalyan, Maharashtra, India | |||
| Padma Ispat Private Limited | ₹84.84 Lakh (FY 2025) | -95.0% | Kolkata, West Bengal, India | |||
| Lucky Steel False Ceiling Systems Private Limited | ₹84.61 Lakh (FY 2025) | -21.0% | Navi Mumbai, Maharashtra, India | |||
| Sikkim Ferro Alloys Limitedthis company | ₹84.15 Lakh (FY 2025) | ₹145.4 Cr | -57.0% | 43 | Mumbai, Maharashtra, India | |
| India Infraspace Limited | ₹83.7 Lakh (FY 2023) | 46.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Sikkim Ferro Alloys Limited, buy the company report.
Auditor
Sikkim Ferro Alloys Limited is audited by Pranav Bothra & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pranav Bothra & Co | FY 2023 | 139064W |
Shareholding
The shareholding of Sikkim Ferro Alloys 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sikkim Ferro Alloys Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2016 | 100110057 | Others | ₹30 Cr | Satisfied | |
| 19 Mar 2016 | 100018675 | Others | ₹66.5 Cr | Satisfied | |
| 25 Jan 2016 | 10620217 | Union Bank of India | ₹50 Cr | Satisfied | |
| 19 Aug 2014 | 10515462 | Allahabad Bank | ₹24.5 Cr | Satisfied | |
| 21 Mar 2014 | 10488619 | Idbi Trusteeship Services Limited | ₹450 Cr | Satisfied |
To see the full charge records of Sikkim Ferro Alloys Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Sikkim Ferro Alloys Limited has 68 court cases on record: 37 filed by Sikkim Ferro Alloys, 31 filed against it. 25 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 9 | 12 |
| District courts | 30 | 18 | 12 |
| NCLAT | 4 | 3 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against I. B. Commercial Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Akshata Mercantile Pvt.Ltd | Pending |
| Bombay High Court | Court case (COMSS) | Filed by the company against Rim Jhim Ispat Ltd. | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Gorlas Infrastructure Pvt Ltd and 4 Ors | Pending |
| Bombay High Court | Court case (NMA) | Filed against the company by Vishal Earthmovers India Pvt Ltd | Pending |
To see the full case history of Sikkim Ferro Alloys 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
Sikkim Ferro Alloys Limited was last rated by Crisil on 28 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Feb 2020 |
To see the full credit ratings and regulatory alerts of Sikkim Ferro Alloys Limited, buy the company report.
MSME payment delays
Sikkim Ferro Alloys Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| D C Bothra & Co. LLP |
To see the full MSME payment records of Sikkim Ferro Alloys Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sikkim Ferro Alloys Limited has a workforce of 43 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sikkim Ferro Alloys has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCS8115B1ZK | Maharashtra | Active | 01 Jul 2017 |
| 23AAGCS8115B1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
| 19AAGCS8115B1ZH | West Bengal | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of Sikkim Ferro Alloys Limited, buy the company report.
Recent activity
Sikkim Ferro Alloys Limited has 10 board changes on record since 1998: 3 appointments and 7 cessations. The latest: Anil Babulal Lalwani was appointed as Director on 20 Aug 2024.
32 earlier events are in the company report.
Frequently asked questions
Sikkim Ferro Alloys is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 04 March 1998 (28+ years old) and is registered under CIN U28910MH1998PLC113802.
Sikkim Ferro Alloys has 3 current directors:
- Kamlesh Manohar Kanungo - Director
- Dhiraj Babulal Shah - Director
- Anil Babulal Lalwani - Director
The latest financial statements of Sikkim Ferro Alloys 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 Sikkim Ferro Alloys is 27AAGCS8115B1ZK, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 23AAGCS8115B1ZS (Madhya Pradesh), 19AAGCS8115B1ZH (West Bengal).
The CIN (Corporate Identification Number) of Sikkim Ferro Alloys is U28910MH1998PLC113802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sikkim Ferro Alloys has 68 court cases on record: 37 filed by the company and 31 filed against it. 25 are pending. Most are in the high courts.
Sikkim Ferro Alloys was incorporated on 04 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sikkim Ferro Alloys by revenue are Resham Metals Private Limited, Padma Ispat Private Limited, Lucky Steel False Ceiling Systems Private Limited, India Infraspace Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Anil Babulal Lalwani was appointed as Director on 20 Aug 2024. Dhiraj Babulal Shah was appointed as Director on 12 Jul 2024. Nitin Shantilal Jain ceased to be Director on 12 Jul 2024. Sikkim Ferro Alloys has 10 board changes on record in total.
Sikkim Ferro Alloys has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2022.
Sikkim Ferro Alloys can be reached through the website sikkimferroalloys.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sikkim Ferro Alloys is at 2nd Floor Apsara Cinema Building Dr Db Marg Grant Road, Mumbai, Maharashtra, India – 400007.
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