About SMW Ispat Private Limited
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SMW Ispat Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ofb Tech Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 10 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ2004PTC158707. Its GSTIN is 27AAECM8393D1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹250.35 Cr and a paid-up capital of ₹250.34 Cr. It was formerly known as Mahalaxmi Tmt Private Limited and Mahalaxmi Ingots Private Limited. It is led by directors including Deepak Sumad (Whole-Time Director) and Asish Mohapatra.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,230.87 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹80.68 Cr (net margin 3.6%) and EBITDA of ₹172.97 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 11% over five years.
The company has about 1,145 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smw Ispat. As per MCA filings, the company has open charges of ₹480 Cr and satisfied charges of ₹2,704.76 Cr on record. Court records list 110 cases involving the company, including 64 filed by the company and 46 filed against it; 42 cases are pending. The company has 22 deals on record (12 secondary share transfers, 7 funding rounds, 2 debt financings), with disclosed funding of ₹617.05 Cr; the latest was in March 2024. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Ms Agarwal Foundries Private Limited with revenue of ₹2,333.52 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahalaxmisteel.com.
Company details
Name history
SMW Ispat has undergone 2 name changes throughout its history. The company was previously known as Mahalaxmi Tmt Private Limited, and Mahalaxmi Ingots Private Limited. The current legal name is Smw Ispat Private Limited.
| Company Name | Status |
|---|---|
| SMW Ispat Private Limited | Current |
| Mahalaxmi Tmt Private Limited | Previous |
| Mahalaxmi Ingots Private Limited | Previous |
CIN history
SMW Ispat has one previous CIN (Corporate Identification Number): U27100MH2004PTC147918. The current CIN is U27100GJ2004PTC158707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ2004PTC158707 | Current |
| U27100MH2004PTC147918 | Previous |
Contact details
SMW Ispat Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mahalaxmisteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 1102 Sankalp Iconic Tower Opp. Vikram Nagar, Bopal Ambli Road, Ahmedabad, Gujarat, India – 380054
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of SMW Ispat 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
Brands
SMW Ispat operates one associated brand: SMW ISPAT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel products are manufactured by SMW ISPAT in Wardha, India. | smwispat.com |
Business activity
The main business activity of SMW Ispat 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 SMW Ispat Private Limited, buy the company report.
Financials of SMW Ispat Private Limited
FY 2025 filings availableSMW Ispat Private Limited reported revenue of ₹2,230.87 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 4% growth in the latest year. EBITDA rose 62% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,230.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹172.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹80.68 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 3.6% | ||||
| 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 SMW Ispat Private Limited, buy the company report.
Board of directors and KMP of SMW Ispat Private Limited
SMW Ispat Private Limited currently reports 6 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asish Mohapatra Also directs: Oagri Farm Private Limited, Tangerine Skies Private Limited, Omat Business Private Limited and 5 more | Director | 05 Mar 2024 | 2 Years 8 Months | Current |
| Suraj | Director | 08 Jun 2022 | 4 Years 5 Months | Current |
| Shimant Bhushan Chadha | Director | 08 Jun 2022 | 4 Years 5 Months | Current |
| Deepak Sumad | Whole-Time Director | 06 Feb 2025 | 1 Years 9 Months | Current |
| Yogesh Ramniwas Mandhani | Director | 26 May 2008 | 18 Years 5 Months | Current |
| Vani Chowdhary | Additional Director | 24 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
SMW Ispat Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Ms Agarwal Foundries Private Limited | ₹2,333.52 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| SLR Metaliks Limited | ₹2,314.04 Cr (FY 2025) | -4.0% | Delhi, India | |||
| SMW Ispat Private Limitedthis company | ₹2,230.87 Cr (FY 2025) | ₹80.68 Cr | 3.6% | 4.0% | 1,145 | Ahmedabad, Gujarat, India |
| Jay Jagdamba Limited | ₹2,212.46 Cr (FY 2025) | 48.0% | Panvel, Maharashtra, India | |||
| B.S. Sponge Private Limited | ₹2,192.52 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Nandan Steels and Power Limited | ₹2,162.85 Cr (FY 2024) | 58.0% | Raipur, Chhattisgarh, India | |||
| Captain Steel India Limited | ₹2,143.29 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India |
To see the full peer comparison of SMW Ispat Private Limited, buy the company report.
Auditor
SMW Ispat Private Limited is audited by Lodha & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co LLP | FY 2025 | 301051E/E300284 |
Shareholding
The shareholding of SMW Ispat Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SMW Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2024 | 100930975 | Idbi Trusteeship Services Limited | ₹460 Cr | Open | |
| 15 Apr 2024 | 100908582 | Others | ₹20 Cr | Open | |
| 17 Oct 2023 | 100807344 | Idbi Trusteeship Services Limited | ₹25 Cr | Satisfied | |
| 07 Nov 2022 | 100629579 | Others | ₹60 Cr | Satisfied | |
| 04 Nov 2022 | 100644175 | Axis Bank Limited | ₹35 Cr | Satisfied |
To see the full charge records of SMW Ispat Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
SMW Ispat Private Limited has 22 deals on record (12 secondary share transfers, 7 funding rounds, 2 debt financings), with disclosed funding of ₹617.05 Cr; the latest was in March 2024.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Ofb Tech Limited Seller: Sangam E-Com Limited , Santosh Hybrid Seeds Company Private Limited , 2 individuals |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sangam Infratech Limited , Parth Multitrade India Private Limited , Seawoods Hospitality & Realty Private Limited , an individual |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Union Bank Of India, State Bank Of Bikaner & Jaipur, STATE BANK OF PATIALA |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sangam Infratech Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Kashish Multitrade Private Limited, Subhkam Multimedia Private Limited Seller: Sukaniya Properties Private Limited , Seawoods Hospitality & Realty Private Limited , Intime Reality Private Limited |
To see the full deal history of SMW Ispat Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SMW Ispat Private Limited has 110 court cases on record: 64 filed by SMW Ispat, 46 filed against it. 42 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 20 | 15 |
| High courts | 41 | 18 | 26 |
| NCLAT | 5 | 5 | 0 |
| Supreme Court | 3 | 3 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 110)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (MCA) | Filed against the company by Methods India Pvt Ltd., Karnataka | Pending |
| Bombay High Court | Writ petition | Filed against the company by M/S Navya Industries Pvt. Ltd. THR. Director Mithilesh Prayagnarayan Choudhary | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Isgec Heavy Engineering Limited | Pending |
| Bombay High Court | Court case (MCA) | Filed by the company against Methods India Pvt Ltd., Bangalore THR. Director Mr. Jacob Jose | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Zetwerk Manufacturing Businesses Pvt Ltd | Pending |
To see the full case history of SMW Ispat 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.
Credit ratings & regulatory alerts
SMW Ispat Private Limited was last rated by Indiarating on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of SMW Ispat Private Limited, buy the company report.
MSME payment delays
SMW Ispat Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers. 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 (5 of 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ank Seals Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Axis Engineering Corporation | |||
| Millstores Corporation |
To see the full MSME payment records of SMW Ispat Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SMW Ispat Private Limited has a workforce of 1,145 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,145 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| 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 SMW Ispat Private Limited, buy the company report.
GST
SMW Ispat has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM8393D1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AAECM8393D1DH | Maharashtra | Active | 12 Nov 2024 |
To see the full GST registrations and return filing status of SMW Ispat Private Limited, buy the company report.
Recent activity
SMW Ispat Private Limited has 24 board changes on record since 2008: 7 appointments and 17 cessations. The latest: Vani Chowdhary was appointed as Additional Director on 24 Oct 2025.
67 earlier events are in the company report.
Frequently asked questions
SMW Ispat is an active private limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 August 2004 (22+ years old) and is registered under CIN U27100GJ2004PTC158707.
SMW Ispat has 7 current directors and KMP:
- Deepak Sumad - Whole-Time Director
- Asish Mohapatra - Director
- Suraj - Director
- Shimant Bhushan Chadha - Director
- Yogesh Ramniwas Mandhani - Director
- Vani Chowdhary - Additional Director
- Manjeeta Asthana - Company Secretary
The latest financial statements of SMW Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of SMW Ispat is 27AAECM8393D1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECM8393D1DH (Maharashtra).
The CIN (Corporate Identification Number) of SMW Ispat is U27100GJ2004PTC158707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SMW Ispat has 110 court cases on record: 64 filed by the company and 46 filed against it. 42 are pending. Most are in the district courts.
SMW Ispat was incorporated on 10 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
SMW Ispat has 22 deals on record (12 secondary share transfers, 7 funding rounds, 2 debt financings), with disclosed funding of ₹617.05 Cr; the latest was in March 2024.
The peers of SMW Ispat by revenue are Ms Agarwal Foundries Private Limited, SLR Metaliks Limited, Jay Jagdamba Limited, B.S. Sponge Private Limited, Nandan Steels and Power Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Vani Chowdhary was appointed as Additional Director on 24 Oct 2025. Bhumin Patel ceased to be Additional Director on 29 Sep 2025. Deepak Sumad ceased to be Additional Director on 29 Sep 2025. SMW Ispat has 24 board changes on record in total.
SMW Ispat has 4 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers. The latest return was filed on 11 Nov 2020.
SMW Ispat can be reached through the website mahalaxmisteel.com. Its registered office is in Ahmedabad, Gujarat, India.
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