Silverline Bright Steels Ltd
About Silverline Bright Steels Ltd
Data last updated:
Silverline Bright Steels Ltd is a public limited company based in Thane, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 19 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1993PLC071653. Its GSTIN is 27AAACS5625E1ZJ (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.18 Cr. It is led by directors including Bankim Rajnikant Desai and Samir Rajnikant Desai.
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 Plot No. 11 Village Uchat Tal Wada, Thane, Maharashtra, India – 421303.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.45 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹11.02 Lakh (net margin -4.5%) and EBITDA of -₹7.07 Lakh (EBITDA margin -2.9%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹94.29 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 11 Village Uchat Tal Wada, Thane, Maharashtra, India – 421303
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
CIN History of Silverline Bright Steels Ltd
Silverline Bright Steels has one previous CIN (Corporate Identification Number): U27100MH1993PTC071653. The current CIN is U27100MH1993PLC071653, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1993PLC071653 | Current |
| U27100MH1993PTC071653 | Previous |
Business Activity of Silverline Bright Steels Ltd
The main business activity of Silverline Bright Steels is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Silverline Bright Steels Ltd
Silverline Bright Steels Ltd is audited by RITESH BURAD & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RITESH BURAD & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Silverline Bright Steels Ltd
Silverline Bright Steels has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bankim Rajnikant Desai Also directs: Maha Laxmi Bright Bars Private Limited | Director | 14 Dec 1993 | 32 Years 9 Months | Current |
| Samir Rajnikant Desai Also directs: Maha Laxmi Bright Bars Private Limited, Steel Chamber of India | Director | 01 Jul 2007 | 19 Years 3 Months | Current |
| Rajesh Rajnikant Desai Also directs: Maha Laxmi Bright Bars Private Limited | Director | 14 Dec 1993 | 32 Years 9 Months | Current |
Financials of Silverline Bright Steels Ltd FY 2025 filings available
Silverline Bright Steels Ltd reported revenue of ₹2.45 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Silverline Bright Steels Ltd
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 19% fall in the latest year. EBITDA rose 28% 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 of Silverline Bright Steels Ltd
| 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 | -₹7.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.02 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 of Silverline Bright Steels Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Silverline Bright Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Silverline Bright Steels Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Silverline Bright Steels Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Sep 2002 | Oriental Bank of Commerce | ₹7.29 Lakh | Open |
| 15 May 1998 | Oriental Bank of Commerce | ₹72 Lakh | Open |
| 20 Feb 1994 | Oriental Bank of Commerce | ₹5 Lakh | Open |
| 14 Feb 1994 | Oriental Bank of Commerce | ₹5 Lakh | Open |
| 10 Feb 1994 | Oriental Bank of Commerce | ₹5 Lakh | Open |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Silverline Bright Steels Ltd
Employment history and EPFO contributions of people linked to Silverline Bright Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Silverline Bright Steels Ltd
Silverline Bright Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5625E1ZJ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Silverline Bright Steels Ltd
Silverline Bright Steels Ltd has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Calderys India Refractories Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Silverline Bright Steels Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Silverline Bright Steels Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Silverline Bright Steels Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Silverline Bright Steels Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Silverline Bright Steels Ltd
Frequently Asked Questions about Silverline Bright Steels Ltd
Silverline Bright Steels is an active public limited company based in Thane, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 19 April 1993 (33+ years old) and is registered under CIN U27100MH1993PLC071653.
Silverline Bright Steels reported revenue of ₹2.45 Cr for FY 2024 (down 19% YoY).
Silverline Bright Steels has 3 current directors:
- Bankim Rajnikant Desai - Director
- Samir Rajnikant Desai - Director
- Rajesh Rajnikant Desai - Director
Silverline Bright Steels reported a net loss of ₹11.02 Lakh (net margin -4.5%) and EBITDA of -₹7.07 Lakh (EBITDA margin -2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Silverline Bright Steels is 21% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Silverline Bright Steels is 27AAACS5625E1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Silverline Bright Steels is U27100MH1993PLC071653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silverline Bright Steels has 2 court cases on record: 2 filed against it. Most are in the high courts.
Silverline Bright Steels was incorporated on 19 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.