About Sponge Sales India Private Limited
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Sponge Sales India Private Limited is a private limited company based in Delhi, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 08 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PTC057281. Its GSTIN is 03AAACS1697Q1ZW (Punjab). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.84 Cr. It is led by directors including Pankaj Khetan (Managing Director) and Kuldeep Garg (Whole-Time Director).
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 118 Jagriti Enclave, Delhi, India – 110092.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,620.22 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹3.86 Cr (net margin 0.2%) and EBITDA of ₹18.54 Cr (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹106.13 Cr and satisfied charges of ₹89.6 Cr on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it; 4 cases are pending. The company has 13 deals on record (9 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.34 Cr; the latest was in March 2023. Its 6 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 1 smaller; the largest is Sri Shivsakthi Mercantile Private Limited with revenue of ₹1,932.41 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spongeiron.in.
Company details
Contact details
Sponge Sales India Private Limited's registered office is in Delhi, Delhi. Its website is spongeiron.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address118 Jagriti Enclave, Delhi, India – 110092
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Sponge Sales India 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 Sponge Sales India 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 Sponge Sales India Private Limited, buy the company report.
Financials of Sponge Sales India Private Limited
FY 2025 filings availableSponge Sales India Private Limited reported revenue of ₹1,620.22 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 19% growth in the latest year. EBITDA rose 16% 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 | ₹18.54 Cr | ||||
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| Net Profit (PAT) | ₹3.86 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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| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Sponge Sales India Private Limited, buy the company report.
Board of directors and KMP of Sponge Sales India Private Limited
Sponge Sales India Private Limited currently reports 3 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Garvit Goyal | Cfo | 01 Aug 2022 | 4 Years 3 Months | Current |
| Kuldeep Garg Also directs: Kusum Overseas Private Limited | Whole-Time Director | 21 Aug 2003 | 23 Years 2 Months | Current |
| Pankaj Khetan Also directs: Sponge Sales Gujarat LLP, High Grade Mineral Private Limited, Suraj Fabrics Industries Limited and 2 more | Managing Director | 04 Sep 2008 | 18 Years 2 Months | Current |
| Prashast Goyal Also directs: Suraj Fabrics Industries Limited | Whole-Time Director | 27 Jul 2018 | 8 Years 3 Months | Current |
Peer comparison
Sponge Sales India Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Sri Shivsakthi Mercantile Private Limited | ₹1,932.41 Cr (FY 2022) | 50.0% | Chennai, Tamil Nadu, India | |||
| Mortex India Private Limited | ₹1,920.15 Cr (FY 2025) | 127.0% | Kolkata, West Bengal, India | |||
| Indu Corporation Private Limited | ₹1,772.02 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Kothari Metals Ltd | ₹1,687.47 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Abn Trade Link Private Limited | ₹1,640.42 Cr (FY 2016) | 28.0% | Mumbai, Maharashtra, India | |||
| Sponge Sales India Private Limitedthis company | ₹1,620.22 Cr (FY 2025) | ₹3.86 Cr | 0.2% | 19.0% | Delhi, India | |
| Purple Products Private Limited | ₹1,611.53 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sponge Sales India Private Limited, buy the company report.
Auditor
Sponge Sales India Private Limited is audited by Subhash Goyal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subhash Goyal & Associates | FY 2023 | 002951N |
Shareholding
The shareholding of Sponge Sales India Private 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 Sponge Sales India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2024 | 101042166 | Others | ₹25 Lakh | Open | |
| 29 May 2024 | 100936736 | Others | ₹3.47 Cr | Open | |
| 07 Mar 2024 | 100906333 | Others | ₹17 Lakh | Open | |
| 25 Jan 2022 | 100543366 | Others | ₹35 Cr | Open | |
| 09 Dec 2021 | 100524923 | Others | ₹25 Lakh | Open |
To see the full charge records of Sponge Sales India Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Sponge Sales India Private Limited has 13 deals on record (9 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.34 Cr; the latest was in March 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Esteem Investments Private Limited , M K Khetan & Sons HUF, an individual |
| Aug 2022 | Rights issue | ₹6.41 Cr | Investors: 4 individuals |
| Sep 2019 | Rights issue | ₹5.6 Cr | Investors: Esteem Investments Private Limited , 3 individuals |
| Mar 2012 | Funding round | ₹78 Lakh | Investors: Symbolic Finance and Investment Pvt Ltd , LSL Tools Private Limited , Swarna Buildwell Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Ram Pukar Maurya & Sons Huf, 2 individuals Seller: Esteem Investments Private Limited |
To see the full deal history of Sponge Sales India 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
Sponge Sales India Private Limited has 15 court cases on record: 10 filed by Sponge Sales India, 5 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 2 | 3 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, RAJASTHAN | Writ petition | Filed against the company by Agrasen Sponge Private Limited | Pending |
| High Court | Writ petition | Filed against the company by Emerald Buildhome Pvt. Ltd. | Disposed |
| High Court | Writ petition | Filed against the company by Pacific Industries Ltd. | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Anro Steels Private Limited | Disposed |
| District court, Fatehgarh Sahib, Punjab | Court case (CRR) | Filed by the company against M/S Anro Steels Pvt Ltd, and 1 other | Disposed |
To see the full case history of Sponge Sales India 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
Sponge Sales India Private Limited was last rated by Care on 14 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Jul 2022 |
To see the full credit ratings and regulatory alerts of Sponge Sales India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sponge Sales India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sponge Sales India has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACS1697Q1ZW | Punjab | Active | 01 Jul 2017 |
| 09AAACS1697Q2ZJ | Uttar Pradesh | Active | 01 Jun 2023 |
| 03AAACS1697Q1D5 | Punjab | Active | 19 Nov 2024 |
| 21AAACS1697Q1ZY | Odisha | Active | 01 Feb 2025 |
To see the full GST registrations and return filing status of Sponge Sales India Private Limited, buy the company report.
Recent activity
Sponge Sales India Private Limited has 10 board changes on record since 2003: 4 appointments and 6 cessations. The latest: Garvit Goyal was appointed as CFO on 01 Aug 2022.
23 earlier events are in the company report.
Frequently asked questions
Sponge Sales India is an active private limited company based in Delhi, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 08 February 1994 (32+ years old) and is registered under CIN U74899DL1994PTC057281.
Sponge Sales India has 4 current directors and KMP:
- Pankaj Khetan - Managing Director
- Kuldeep Garg - Whole-Time Director
- Prashast Goyal - Whole-Time Director
- Garvit Goyal - Cfo
The latest financial statements of Sponge Sales India 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 Sponge Sales India is 03AAACS1697Q1ZW, registered in Punjab. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACS1697Q2ZJ (Uttar Pradesh), 03AAACS1697Q1D5 (Punjab), 21AAACS1697Q1ZY (Odisha).
The CIN (Corporate Identification Number) of Sponge Sales India is U74899DL1994PTC057281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sponge Sales India has 15 court cases on record: 10 filed by the company and 5 filed against it. 4 are pending. Most are in the district courts.
Sponge Sales India was incorporated on 08 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Sponge Sales India has 13 deals on record (9 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.34 Cr; the latest was in March 2023.
The peers of Sponge Sales India by revenue are Sri Shivsakthi Mercantile Private Limited, Mortex India Private Limited, Indu Corporation Private Limited, Kothari Metals Ltd, Abn Trade Link Private Limited and 1 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Garvit Goyal was appointed as CFO on 01 Aug 2022. Kuldeep Garg ceased to be Director on 22 Jul 2022. Pankaj Khetan ceased to be Director on 22 Jul 2022. Sponge Sales India has 10 board changes on record in total.
Sponge Sales India can be reached through the website spongeiron.in. Its registered office is in Delhi, India.
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