About Stainless Works Private Limited
Data last updated:
Stainless Works Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 11 September 1996.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1996PTC102479. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.41 Cr. It was formerly known as Baijnath Gupta Marketing Pvt Ltd. It is led by directors including Sushila Rajpal Gupta and Sandeep Goel Bishan Swaroop (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Idea Square 2nd Floor B – 42 Veera Desai Industrial Estate Off New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2023, the company reported a revenue of ₹77,775, a growth of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.53 Lakh (net margin -196.8%) and EBITDA of -₹1.53 Lakh (EBITDA margin -196.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 71% over five years.
As per MCA filings, the company has open charges of ₹9.8 Cr and satisfied charges of ₹6.65 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
The last known website on record is stainless.co.in.
Company details
Contact details
Stainless Works Private Limited's registered office is in Mumbai, Maharashtra. Its website is stainless.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIdea Square 2nd Floor B – 42 Veera Desai Industrial Estate Off New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Stainless Works 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 Stainless Works Private Limited
FY 2023 filings availableStainless Works Private Limited reported revenue of ₹77,775 (up 88% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 88% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 71%. EBITDA rose 17% 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 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 | ₹77,775 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.53 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -196.8% | ||||
| Net Profit Margin | -196.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Stainless Works Private Limited, buy the company report.
Board of directors of Stainless Works Private Limited
Stainless Works has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushila Rajpal Gupta | Director | 23 Feb 2018 | 8 Years 8 Months | As last reported |
| Sandeep Goel Bishan Swaroop | Irp/Rp/Liquidator | 31 May 2024 | 2 Years 4 Months | As last reported |
| Prateek Rajpal Gupta | Director | 14 Sep 1996 | 30 Years 1 Months | As last reported |
Peer comparison
Stainless Works Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Mindshore Exports Private Limited | ₹79,046 (FY 2024) | -91.0% | Kolkata, West Bengal, India | |||
| Stainless Works Private Limitedthis company | ₹77,775 (FY 2023) | -₹1.53 Lakh | -196.8% | 88.0% | Mumbai, Maharashtra, India | |
| Chandansagar Sales Private Limited | ₹77,363 (FY 2022) | -100.0% | Mumbai, Maharashtra, India | |||
| Nezone Ispat Marketing Private Limited | ₹76,362 (FY 2025) | Assam, India |
To see the full peer comparison of Stainless Works Private Limited, buy the company report.
Auditor
Stainless Works Private Limited is audited by A T Upadhye & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A T Upadhye & Co. | FY 2023 | 111175W |
Shareholding
The shareholding of Stainless Works Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Stainless Works Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2012 | 10372150 | Standard Chartered Bank | ₹9.8 Cr | Open | |
| 22 Oct 2008 | 10132138 | Ing Vysya Bank Limited | ₹6 Cr | Satisfied | |
| 17 Apr 2006 | 10003134 | Indusind Bank Limited | ₹65 Lakh | Satisfied |
To see the full charge records of Stainless Works Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Stainless Works Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Deputycommissioner of Income Tax | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Standard Chartered Bank Th Mr. Kamal Vyas | Disposed |
To see the full case history of Stainless Works 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 Stainless Works Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Stainless Works has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Stainless Works Private Limited, buy the company report.
Recent activity
Stainless Works Private Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Sandeep Goel Bishan Swaroop was appointed as Irp/Rp/Liquidator on 31 May 2024.
4 earlier events are in the company report.
Frequently asked questions
Stainless Works is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Stainless Works is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 11 September 1996 and is registered under CIN U51900MH1996PTC102479. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Stainless Works has 3 current directors:
- Sushila Rajpal Gupta - Director
- Prateek Rajpal Gupta - Director
- Sandeep Goel Bishan Swaroop - Irp/Rp/Liquidator
The latest financial statements of Stainless Works on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Stainless Works is U51900MH1996PTC102479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stainless Works has open charges of ₹9.8 Cr and satisfied charges of ₹6.65 Cr as per latest MCA filings.
Stainless Works has 4 court cases on record: 4 filed against it. 3 are pending.
Stainless Works was incorporated on 11 September 1996. It is registered with the Registrar of Companies, Mumbai.
The peers of Stainless Works by revenue are Mindshore Exports Private Limited, Chandansagar Sales Private Limited, Nezone Ispat Marketing Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Sandeep Goel Bishan Swaroop was appointed as Irp/Rp/Liquidator on 31 May 2024. Deepa Prateek Gupta ceased to be Director on 23 Feb 2018. Sushila Rajpal Gupta was appointed as Director on 23 Feb 2018. Stainless Works has 5 board changes on record in total.
Stainless Works can be reached through the website stainless.co.in. Its registered office is in Mumbai, Maharashtra, India.