SLS Stainless Private Limited
About SLS Stainless Private Limited
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SLS Stainless Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 11 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27109MH1994PTC163692. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.36 Cr. It is led by directors Shantilal Premchand Sanghvi (Managing Director) and Mahesh Shantilal Sanghvi.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 43 1st Carpenter Street C. P. Tank, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.76 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net profit of ₹2.98 Lakh (net margin 1.1%) and EBITDA of ₹5.07 Lakh (EBITDA margin 1.8%).
As per MCA filings, the company has open charges of ₹18 Cr and satisfied charges of ₹47.24 Cr on record. Court records list 15 cases involving the company, including 15 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
SLS Stainless has one previous CIN (Corporate Identification Number): U27109GJ1994PTC023245. The current CIN is U27109MH1994PTC163692, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109MH1994PTC163692 | Current |
| U27109GJ1994PTC023245 | Previous |
Contact details
SLS Stainless Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address43 1st Carpenter Street C. P. Tank, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of SLS Stainless Private 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 SLS Stainless is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of SLS Stainless Private Limited, buy the company report.
Financials of SLS Stainless Private Limited
FY 2016 filings availableSLS Stainless Private Limited reported revenue of ₹2.76 Cr (up 89% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 89% in the latest year. EBITDA rose 125% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹2.76 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.07 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.98 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.8% | |
| Net Profit Margin | 1.1% | |
| 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 SLS Stainless Private Limited, buy the company report.
Board of directors of SLS Stainless Private Limited
SLS Stainless has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantilal Premchand Sanghvi Also directs: Hellios Tubealloys Private Limited, SLS Industries Private Limited | Managing Director | 21 Mar 2007 | 19 Years 7 Months | Current |
| Mahesh Shantilal Sanghvi Also directs: Hellios Tubealloys Private Limited, SLS Industries Private Limited | Director | 01 Apr 2007 | 19 Years 6 Months | Current |
Peer comparison
SLS Stainless Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lakshmipati Metals India Private Limited | ₹2.77 Cr (FY 2025) | -18.0% | Akbarpur, Uttar Pradesh, India | |||
| Mardia Samyoung Capillary Tubes Company Limited | ₹2.76 Cr (FY 2025) | 2884.0% | Mumbai, Maharashtra, India | |||
| Rathi Manufacturing Company Private Limited | ₹2.76 Cr (FY 2025) | 16.0% | Greater Noida, Uttar Pradesh, India | |||
| Kyung Chang Caster India Private Limited | ₹2.76 Cr (FY 2022) | -20.0% | Devanahalli, Karnataka, India | |||
| SLS Stainless Private Limitedthis company | ₹2.76 Cr (FY 2016) | ₹2.98 Lakh | 1.1% | 89.0% | Mumbai, Maharashtra, India | |
| Aandal Metal Products Private Limited | ₹2.76 Cr (FY 2019) | Coimbatore, Tamil Nadu, India | ||||
| Maruthi Microcomponents Private Limited | ₹2.75 Cr (FY 2025) | 31.0% | Bangalore, Karnataka, India |
To see the full peer comparison of SLS Stainless Private Limited, buy the company report.
Auditor
SLS Stainless Private Limited is audited by M H RAJPUROHIT & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M H RAJPUROHIT & ASSOCIATES | FY 2016 | 127697W |
Shareholding
The shareholding of SLS Stainless Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of SLS Stainless Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2013 | 10421710 | Bank of India | ₹18 Cr | Open | |
| 30 Jun 2010 | 10228590 | Idbi Bank Limited | ₹16.7 Cr | Satisfied | |
| 17 May 2010 | 10222709 | Idbi Bank Ltd | ₹16.7 Cr | Satisfied | |
| 20 Dec 2007 | 10092845 | State Bank of India | ₹12 Cr | Satisfied | |
| 11 Oct 2001 | 90099430 | Bank of India | ₹93.75 Lakh | Satisfied |
To see the full charge records of SLS Stainless Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
SLS Stainless Private Limited has 15 court cases on record: 15 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 2 |
| High courts | 3 | 3 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by M/S.Religare Finvest Limited-Nitin B. Panchal, Authorised Officer | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by M/S. Religare Finvest Limited | Disposed |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-Central-1 | Pending |
To see the full case history of SLS Stainless 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 SLS Stainless Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
SLS Stainless has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
SLS Stainless has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of SLS Stainless Private Limited, buy the company report.
Recent activity
SLS Stainless Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Sanwalchand Premchand Sanghvi ceased to be Director on 25 Aug 2008.
12 earlier events are in the company report.
Frequently asked questions
SLS Stainless is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 October 1994 (32+ years old) and is registered under CIN U27109MH1994PTC163692.
SLS Stainless has 2 current directors:
- Shantilal Premchand Sanghvi - Managing Director
- Mahesh Shantilal Sanghvi - Director
The latest financial statements of SLS Stainless on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. SLS Stainless has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of SLS Stainless is U27109MH1994PTC163692. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SLS Stainless has 15 court cases on record: 15 filed against it. 4 are pending. Most are in the district courts.
SLS Stainless was incorporated on 11 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of SLS Stainless by revenue are Lakshmipati Metals India Private Limited, Mardia Samyoung Capillary Tubes Company Limited, Rathi Manufacturing Company Private Limited, Kyung Chang Caster India Private Limited, Aandal Metal Products Private Limited and 1 more, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Sanwalchand Premchand Sanghvi ceased to be Director on 25 Aug 2008. Vardhichand Premchand Sanghvi ceased to be Whole-Time Director on 25 Aug 2008. Prakash Rahevar Takhatsingh ceased to be Additional Director on 16 Apr 2008. SLS Stainless has 6 board changes on record in total.
The registered office of SLS Stainless is at 43 1st Carpenter Street C. P. Tank, Mumbai, Maharashtra, India – 400004.
SLS Stainless operates in the metals and minerals industry, in the metal manufacturing and processing segment.