About Steeltech Resources Limited
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Steeltech Resources Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 09 November 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1979PLC029075. Its GSTIN is 23AAACR6534R1ZZ (Madhya Pradesh). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.86 Cr. It was formerly known as Ruchi Acroni Industries Limited. It is led by directors including Shambunath Sadawarti and Rajesh Soni.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 611 Tulsani Chambersnariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.49 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹82.01 Lakh and EBITDA of -₹75.24 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹61.5 Cr and satisfied charges of ₹48.9 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ruchiacroni.com.
Company details
CIN history
Steeltech Resources has one previous CIN (Corporate Identification Number): L74999MH1983PLC029075. The current CIN is U74999MH1979PLC029075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1979PLC029075 | Current |
| L74999MH1983PLC029075 | Previous |
Contact details
Steeltech Resources Limited's registered office is in Mumbai, Maharashtra. Its website is ruchiacroni.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address611 Tulsani Chambersnariman Point, Mumbai, Maharashtra, India – 400021
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Steeltech Resources 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 Steeltech Resources Limited
FY 2024 filings availableSteeltech Resources Limited reported revenue of ₹7.49 Lakh (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 75% fall 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 | -₹75.24 Lakh | ||||
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| Net Profit (PAT) | -₹82.01 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Steeltech Resources Limited, buy the company report.
Board of directors of Steeltech Resources Limited
Steeltech Resources has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shambunath Sadawarti Also directs: Ruchi Corporation Private Limited, Agrotrade Enterprises Limited, Ensiaar Finvest Private Limited and 1 more | Director | 25 Mar 2002 | 24 Years 7 Months | Current |
| Rajesh Soni Also directs: Agrotrade Enterprises Limited, Imec Services Limited | Director | 07 Apr 2018 | 8 Years 6 Months | Current |
| Prakash Madhavrao Deshmukh Also directs: Agrotrade Enterprises Limited | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Steeltech Resources Limited is audited by Vijay Rathi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vijay Rathi & Co. | FY 2023 | 004304C |
Shareholding
The shareholding of Steeltech Resources 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 Steeltech Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2001 | 90229704 | Uco Bank | ₹61.5 Cr | Open | |
| 26 Jun 1996 | 90229086 | Industrial Finance Corporation of India Ltd | ₹17.9 Cr | Satisfied | |
| 05 Feb 1996 | 90229042 | Industrial Development Bank of India | ₹30 Cr | Satisfied | |
| 30 Aug 1988 | 90228100 | State Bank of Indore | ₹1 Cr | Satisfied |
To see the full charge records of Steeltech Resources Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Steeltech Resources Limited has 3 court cases on record: 1 filed by Steeltech Resources, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed against the company by M.P. State Co Operative Oil Seed Growers Federation Ltd. | Pending |
| Supreme Court | Appeal | Filed against the company by an individual | Disposed |
| High Court of Madhya Pradesh | Interim or miscellaneous application | Filed by the company against Madhya Pradesh State Cooperative Oilseed | Disposed |
To see the full case history of Steeltech Resources 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 Steeltech Resources Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Steeltech Resources has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Steeltech Resources has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACR6534R1ZZ | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steeltech Resources Limited, buy the company report.
Recent activity
Steeltech Resources Limited has 10 board changes on record since 2002: 3 appointments and 7 cessations. The latest: Nitesh Nagar ceased to be Additional Director on 15 Nov 2023.
9 earlier events are in the company report.
Frequently asked questions
Steeltech Resources is an active public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 09 November 1979 (47+ years old) and is registered under CIN U74999MH1979PLC029075.
Steeltech Resources has 3 current directors:
- Shambunath Sadawarti - Director
- Rajesh Soni - Director
- Prakash Madhavrao Deshmukh - Director
The latest financial statements of Steeltech Resources on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Steeltech Resources is 23AAACR6534R1ZZ, registered in Madhya Pradesh. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Steeltech Resources is U74999MH1979PLC029075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steeltech Resources has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Steeltech Resources was incorporated on 09 November 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitesh Nagar ceased to be Additional Director on 15 Nov 2023. Prakash Madhavrao Deshmukh ceased to be Additional Director on 28 Sep 2019. Ishita Khandelwal ceased to be Director on 23 Oct 2018. Steeltech Resources has 10 board changes on record in total.
Steeltech Resources can be reached through the website ruchiacroni.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Steeltech Resources is at 611 Tulsani Chambersnariman Point, Mumbai, Maharashtra, India – 400021.