About Springway Mining Private Limited
Data last updated:
Springway Mining Private Limited was a private limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Jsw Cement Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 08 September 2010.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U10100WB2010PTC152849. Its GSTIN is 23AAPCS9007H1Z6 (Madhya Pradesh). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹20.01 Cr. It was formerly known as Springway Dealers Private Limited. It was led by directors including Vinayak Madhav Nayak and Sameer Rajendra Agrawal.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Kolkata, West Bengal.
As per the financials filed for FY 2023, the company reported a revenue of ₹67.25 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.36 Cr and EBITDA of -₹62.38 Lakh (EBITDA margin -92.8%). Revenue has grown at a compounded annual rate (CAGR) of 133% over three years and 23% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending. The company has 2 deals on record (2 acquisitions); the latest was in October 2022. Its 10 peer companies in the Metals and Minerals industry (Mining) are compared by revenue, 5 larger and 5 smaller; the largest is Sarveshwari Stone Crushing Private Limited with revenue of ₹68.4 Lakh.
The last known website on record is jswcement.in.
Company details
CIN history
Springway Mining has one previous CIN (Corporate Identification Number): U40109WB2010PTC152849. The current CIN is U10100WB2010PTC152849, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10100WB2010PTC152849 | Current |
| U40109WB2010PTC152849 | Previous |
Contact details
Springway Mining Private Limited's registered office is in Kolkata, West Bengal. Its website is jswcement.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMcleod House 1st Floor 3, Netaji Subhas Road India, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Springway Mining 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
Financials of Springway Mining Private Limited
FY 2023 filings availableSpringway Mining Private Limited reported revenue of ₹67.25 Lakh (up 95971% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹67.25 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹62.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.36 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -92.8% | ||||
| Net Profit Margin | |||||
| 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 Springway Mining Private Limited, buy the company report.
Board of directors of Springway Mining Private Limited
Springway Mining has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinayak Madhav Nayak | Director | 10 Oct 2022 | 4 Years 1 Months | As last reported |
| Sameer Rajendra Agrawal Also directs: Utkarsh Transport Private Limited | Director | 19 Oct 2022 | 4 Years 0 Months | As last reported |
| Girish Menon Also directs: Cemterra Enterprise Private Limited, Shiva Cement Ltd, JSW Green Cement Private Limited and 1 more | Director | 10 Oct 2022 | 4 Years 1 Months | As last reported |
Peer comparison
Springway Mining Private Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Mining), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sarveshwari Stone Crushing Private Limited | ₹68.4 Lakh (FY 2024) | -21.0% | Singrauli, Madhya Pradesh, India | |||
| Jyoti Mintrade Private Limited | ₹68.38 Lakh (FY 2025) | Udaipur, Rajasthan, India | ||||
| Patil Crush Sand Private Limited | ₹67.97 Lakh (FY 2023) | 1063.0% | Walwa, Maharashtra, India | |||
| MSP Mines & Minerals Limited | ₹67.52 Lakh (FY 2024) | 8.0% | Kolkata, West Bengal, India | |||
| Venkatesh Infratech Private Limited | ₹67.32 Lakh (FY 2018) | -77.0% | Navi Mumbai, Maharashtra, India | |||
| Springway Mining Private Limitedthis company | ₹67.25 Lakh (FY 2023) | -₹6.36 Cr | 95971.0% | 1 | Kolkata, West Bengal, India | |
| Shiv Kailash Marble Private Limited | ₹67.07 Lakh (FY 2025) | -21.0% | Rajasthan, India | |||
| Matoshri Infra Dharashiv Private Limited | ₹66.93 Lakh (FY 2024) | -61.0% | Osmanabad, Maharashtra, India | |||
| Dhiraya Mining Private Limited | ₹66.93 Lakh (FY 2025) | 22360.0% | Ranchi, Jharkhand, India | |||
| Naren Rocks and Mines Private Limited | ₹66.87 Lakh (FY 2022) | 123732.0% | Bengaluru, Karnataka, India | |||
| Zaffron Enterprises Private Limited | ₹66.75 Lakh (FY 2025) | 20.0% | Srinagar, Jammu and Kashmir, India |
To see the full peer comparison of Springway Mining Private Limited, buy the company report.
Auditor
Springway Mining Private Limited is audited by K.S.RAO & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S.RAO & Co | FY 2023 | 003109S |
Shareholding
The shareholding of Springway Mining 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Springway Mining Private Limited, buy the company report.
Deals & funding
Springway Mining Private Limited has 2 deals on record (2 acquisitions); the latest was in October 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Acquisition | ₹476.87 Cr | Buyer: JSW Cement Limited Seller: The India Cements Limited |
| Oct 2018 | Acquisition | ₹182.89 Cr | Buyer: The India Cements Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Springway Mining Private Limited has 6 court cases on record: 3 filed by Springway Mining, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed against the company by Jay Kay Cem (Central) Ltd. | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed against the company | Pending |
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Disposed |
To see the full case history of Springway Mining 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 Springway Mining Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Springway Mining Private Limited has a workforce of 1 employees on its EPFO records as of Aug 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Springway Mining Private Limited, buy the company report.
GST
Springway Mining has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAPCS9007H1Z6 | Madhya Pradesh | Active | 16 Mar 2019 |
To see the full GST registrations and return filing status of Springway Mining Private Limited, buy the company report.
Recent activity
Springway Mining Private Limited has 21 board changes on record since 2011: 3 appointments and 18 cessations. The latest: Girish Menon ceased to be Additional Director on 24 Sep 2023.
12 earlier events are in the company report.
Frequently asked questions
Springway Mining has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Springway Mining was a private limited company based in Kolkata, West Bengal, India. The company worked in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 08 September 2010 and is registered under CIN U10100WB2010PTC152849. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Springway Mining was incorporated on 08 September 2010. It is registered with the Registrar of Companies, Kolkata.
Springway Mining had 3 directors:
- Vinayak Madhav Nayak - Director
- Sameer Rajendra Agrawal - Director
- Girish Menon - Director
The CIN (Corporate Identification Number) of Springway Mining is U10100WB2010PTC152849. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Springway Mining is at Mcleod House 1st Floor 3, Netaji Subhas Road India, Kolkata, West Bengal, India – 700001.
Springway Mining can be reached through the website jswcement.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Springway Mining on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Springway Mining is 23AAPCS9007H1Z6, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Springway Mining operated in the metals and minerals industry, in the mining and mineral extraction segment.
Springway Mining has 2 deals on record (2 acquisitions); the latest was in October 2022.
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