About Sunrise Stainless Private Limited
Data last updated:
Sunrise Stainless Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 04 December 2010.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ2010PTC063142. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.24 Cr. It was led by directors including Mahendra Manilal Shah and Mishika Shah.
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 was at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹120.82 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹3.31 Cr (net margin 2.7%) and EBITDA of ₹6.3 Cr (EBITDA margin 5.2%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 16% over five years.
The company had about 7,382 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹153.57 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 3 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in September 2012. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 3 smaller; the largest is Jai Ambey Metals Private Limited with revenue of ₹121.68 Cr.
The last known website on record is sunrisestainless.com.
Company details
Contact details
Sunrise Stainless Private Limited's registered office is in Ahmedabad, Gujarat. Its website is sunrisestainless.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 Murlidhar Flats – II Opp. Municipal Market C. G. Road Navra, Ngpura, Ahmedabad, Gujarat, India – 380009
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Sunrise Stainless 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 Sunrise Stainless 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 Sunrise Stainless Private Limited, buy the company report.
Financials of Sunrise Stainless Private Limited
FY 2024 filings availableSunrise Stainless Private Limited reported revenue of ₹120.82 Cr (down 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 47% fall in the latest year. EBITDA rose 19% 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 |
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| EBITDA | ₹6.3 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹3.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Sunrise Stainless Private Limited, buy the company report.
Board of directors of Sunrise Stainless Private Limited
Sunrise Stainless 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 |
|---|---|---|---|---|
| Mahendra Manilal Shah | Director | 04 Dec 2010 | 15 Years 11 Months | As last reported |
| Mishika Shah | Director | 16 Jun 2021 | 5 Years 4 Months | As last reported |
| Jignesh Rameshchandra Shah Also directs: Hillstone Cafe LLP, Hawk Eye Developers LLP, Star High Construction and Developers LLP and 5 more | Director | 04 Dec 2010 | 15 Years 11 Months | As last reported |
Peer comparison
Sunrise Stainless Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (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 |
|---|---|---|---|---|---|---|
| Jai Ambey Metals Private Limited | ₹121.68 Cr (FY 2025) | -26.0% | Burdwan, West Bengal, India | |||
| Saivijay Pragati Steel Udyog Private Limited | ₹121.38 Cr (FY 2024) | 8.0% | Hospet, Karnataka, India | |||
| Jindal Lifestyle Limited | ₹121.38 Cr (FY 2025) | -43.0% | Hisar, Haryana, India | |||
| Asan Steels Private Limited | ₹121.17 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Sunrise Stainless Private Limitedthis company | ₹120.82 Cr (FY 2024) | ₹3.31 Cr | 2.7% | -47.0% | 7,382 | Ahmedabad, Gujarat, India |
| Jagdamba Ispat Private Limited | ₹120.37 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Ajay Steel Casting Private Limited | ₹120.06 Cr (FY 2025) | -55.0% | Raigarh, Chhattisgarh, India | |||
| Ashish Ferro-Met Private Limited | ₹119.92 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Sunrise Stainless Private Limited, buy the company report.
Auditor
Sunrise Stainless Private Limited is audited by BHANWAR JAIN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHANWAR JAIN & CO | FY 2023 | 117340W |
Shareholding
The shareholding of Sunrise Stainless 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 Sunrise Stainless Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2023 | 100845915 | Hdfc Bank Limited | ₹1.5 Cr | Satisfied | |
| 16 Jul 2018 | 100195951 | Axis Bank Limited | ₹18 Cr | Satisfied | |
| 29 Sep 2014 | 10525997 | Hdfc Bank Limited | ₹3 Cr | Satisfied | |
| 26 Dec 2011 | 10325236 | Hdfc Bank Limited | ₹52 Cr | Satisfied | |
| 17 Oct 2011 | 10311423 | Hdfc Bank Limited | ₹58.38 Cr | Satisfied |
To see the full charge records of Sunrise Stainless Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Sunrise Stainless Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in September 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2011 | Funding round | ₹5.5 Cr | Investors: Suryakiran Rolling Mills Pvt Ltd , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sunrise Stainless Private Limited has 8 court cases on record: 3 filed by Sunrise Stainless, 5 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| High courts | 2 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (WC NFATAL L) | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Commissioner of CGST and Ce and 1 other | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (WC MIS LC) | Filed against the company by an individual | Disposed |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Sunrise Stainless 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 Sunrise Stainless Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sunrise Stainless has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Sunrise Stainless Private Limited has a workforce of 7,382 employees on its EPFO records as of Jun 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 8 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 |
To see the full employee and EPFO history of Sunrise Stainless Private Limited, buy the company report.
GST
Sunrise Stainless 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 Sunrise Stainless Private Limited, buy the company report.
Recent activity
Sunrise Stainless Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Mishika Shah ceased to be Additional Director on 30 Nov 2021.
10 earlier events are in the company report.
Frequently asked questions
Sunrise Stainless 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.
Sunrise Stainless was a private limited company based in Ahmedabad, Gujarat, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 04 December 2010 and is registered under CIN U27109GJ2010PTC063142. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sunrise Stainless was incorporated on 04 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
Sunrise Stainless had 3 directors:
- Mahendra Manilal Shah - Director
- Mishika Shah - Director
- Jignesh Rameshchandra Shah - Director
The CIN (Corporate Identification Number) of Sunrise Stainless is U27109GJ2010PTC063142. 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 Sunrise Stainless is at 12 Murlidhar Flats – II Opp. Municipal Market C. G. Road Navra, Ngpura, Ahmedabad, Gujarat, India – 380009.
Sunrise Stainless can be reached through the website sunrisestainless.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Sunrise Stainless 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.
No. Sunrise Stainless has 1 GST registration on record and it is cancelled or inactive.
Sunrise Stainless operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Sunrise Stainless has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in September 2012.
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