MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0033527
Steel Projects (India) Private Limited - machinery and equipment in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.98 Cr
▲ 8% YoY
Net profit · FY 2024
₹87.3 Lakh
Net margin 3.8%
EBITDA · FY 2024
₹2.28 Cr
EBITDA margin 9.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹9.82 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
15
Provident fund records
About Steel Projects (India) Private Limited
Data last updated:
Steel Projects (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29268MH2010PTC204863. Its GSTIN is 27AAOCS5113M1ZX (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Paulami Sundeep Jotwani and Rajul Bhadresh Patel.
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 R – 519 Ttc Industrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.98 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹87.3 Lakh (net margin 3.8%) and EBITDA of ₹2.28 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 10% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.82 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
Steel Projects (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0033527). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website steelprojects.co.in.
Company details
CIN U29268MH2010PTC204863
Registration Number 204863
Incorporation Date 25 June 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0033527
Key People
Paulami Sundeep Jotwani Director Rajul Bhadresh Patel Director Bhadresh Mulji Patel Director Recognitions & Rankings of Steel Projects (India)
Contact details
Steel Projects (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is steelprojects.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressR – 519 Ttc Industrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Steel Projects (India) Private Limited, buy the company report.
Comprehensive company report
Steel Projects (India) Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Steel Projects (India) 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 Steel Projects (India) Private Limited, buy the company report.
Financials of Steel Projects (India) Private Limited
FY 2025 filings availableSteel Projects (India) Private Limited reported revenue of ₹22.98 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹22.98 Cr ▲ 8%
Net profit · FY 2024
₹87.3 Lakh margin 3.8%
EBITDA · FY 2024
₹2.28 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 40%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 21%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 8% growth in the latest year. EBITDA rose 12% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87.3 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| 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 Steel Projects (India) Private Limited, buy the company report.
Board of directors of Steel Projects (India) Private Limited
Steel Projects (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paulami Sundeep Jotwani | Director | 01 Aug 2018 | 8 Years 2 Months | Current |
| Rajul Bhadresh Patel | Director | 01 Aug 2018 | 8 Years 2 Months | Current |
| Bhadresh Mulji Patel | Director | 25 Jun 2010 | 16 Years 4 Months | Current |
Peer comparison
Steel Projects (India) Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers, 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 |
|---|---|---|---|---|---|---|
| Tripcon Engineering Private Limited | ₹23 Cr (FY 2025) | 3.0% | Vithal Udhyognagar, Gujarat, India | |||
| Gokulesh Steel Private Limited | ₹22.99 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| Steel Projects (India) Private Limitedthis company | ₹22.98 Cr (FY 2024) | ₹87.3 Lakh | 3.8% | 8.0% | 15 | Navi Mumbai, Maharashtra, India |
| Shri Shakti Cylinders Pvt Ltd | ₹22.95 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Steel Projects (India) Private Limited, buy the company report.
Auditor
Steel Projects (India) Private Limited is audited by Panachand K. Shah & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Panachand K. Shah & Co | FY 2023 | 107271W |
Shareholding
The shareholding of Steel Projects (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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Steel Projects (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2025 | 101047273 | Others | ₹20 Lakh | Open | |
| 24 Apr 2023 | 100744700 | Hdfc Bank Limited | ₹7.6 Lakh | Open | |
| 24 Nov 2021 | 100514574 | Axis Bank Limited | ₹38.75 Lakh | Open | |
| 14 Jul 2020 | 100394798 | Axis Bank Limited | ₹67 Lakh | Open | |
| 27 Jun 2019 | 100274669 | Others | ₹9 Lakh | Open |
To see the full charge records of Steel Projects (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Steel Projects (India) Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.-WCA-G) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. WCA C) | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The Indian Electric Co. Through Sharad Rajaram Bhavsar | Disposed |
To see the full case history of Steel Projects (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.
MSME payment delays
Steel Projects (India) Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 36 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| R.D. Weld Products Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Steel Projects (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Steel Projects (India) Private Limited has a workforce of 15 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
-16.67%
GST
Steel Projects (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS5113M1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steel Projects (India) Private Limited, buy the company report.
Recent activity
Steel Projects (India) Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Niren Manilal Shah ceased to be Director on 31 Aug 2018.
AGM
Steel Projects (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Steel Projects (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101047273 was registered on 22 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100744700 was registered on 24 Apr 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.39 Cr with Charge ID 100514574 was registered on 24 Nov 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.67 Cr with Charge ID 100394798 was registered on 14 Jul 2020.
Charges
A charge with Axis Bank Limited of Rs. 8.20 Cr registered on 07 Jul 2015 with Charge ID 10588765 was modified on 20 Aug 2019.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100274669 was registered on 27 Jun 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100280329 was registered on 22 Jun 2019.
Ceased
Niren Manilal Shah ceased to be Director.
Appointed
Paulami Sundeep Jotwani was appointed as Director.
Appointed
Rajul Bhadresh Patel was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Steel Projects (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 25 June 2010 (16+ years old) and is registered under CIN U29268MH2010PTC204863.
Steel Projects (India) has 3 current directors:
- Paulami Sundeep Jotwani - Director
- Rajul Bhadresh Patel - Director
- Bhadresh Mulji Patel - Director
The latest financial statements of Steel Projects (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 Steel Projects (India) is 27AAOCS5113M1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Steel Projects (India) is U29268MH2010PTC204863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steel Projects (India) has 3 court cases on record: 3 filed against it.
Steel Projects (India) was incorporated on 25 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Steel Projects (India) by revenue are Tripcon Engineering Private Limited, Gokulesh Steel Private Limited, Shri Shakti Cylinders Pvt Ltd, all in the Machinery and Equipment industry (Industrial Products Manufacturers, Steel), with the same principal business activity (metal and metal products).
Niren Manilal Shah ceased to be Director on 31 Aug 2018. Paulami Sundeep Jotwani was appointed as Director on 01 Aug 2018. Rajul Bhadresh Patel was appointed as Director on 01 Aug 2018. Steel Projects (India) has 4 board changes on record in total.
Yes, Steel Projects (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0033527).
Steel Projects (India) has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 36 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Steel Projects (India) can be reached through the website steelprojects.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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