About Surana Industries Limited
Data last updated:
Surana Industries Limited is a public limited company based in Gummudipoondi, Tamil Nadu, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 March 1991.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L27104TN1991PLC020533. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Mar 2020 · winding up and from BSE on 19 Oct 2020 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹50.91 Cr. It was formerly known as Surana Metals & Steels India Limitd. It is led by directors including Dineshchand Surana (Managing Director) and Babu Srinivasan.
Its last annual general meeting (AGM) was held on 22 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at F67 68 & 69 Sipcot Industrial Complex Gummudipoondi, Tamil Nadu, India – 601201.
As per the financials filed for FY 2016, the company reported a revenue of ₹589.54 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹1,217.55 Cr (net margin -206.5%) and EBITDA of -₹196.82 Cr (EBITDA margin -33.4%).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Surana Industries. As per MCA filings, the company has open charges of ₹2,595.78 Cr and satisfied charges of ₹1,475.62 Cr on record. Court records list 222 cases involving the company, including 140 filed by the company and 84 filed against it; 19 cases are pending. The company has 25 deals on record (22 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹102.05 Cr; the latest was in February 2017.
The last known website on record is suranaind.com.
Company details
Contact details
Surana Industries Limited's registered office is in Gummudipoondi, Tamil Nadu. Its website is suranaind.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressF67 68 & 69 Sipcot Industrial Complex Gummudipoondi, Tamil Nadu, India – 601201
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Surana Industries 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
Brands
Surana Industries operates one associated brand: Surana Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel products are manufactured by Surana Industries in Chennai, India. | suranaind.com |
Business activity
The main business activity of Surana Industries 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 Surana Industries Limited, buy the company report.
Financials of Surana Industries Limited
FY 2017 filings availableSurana Industries Limited reported revenue of ₹589.54 Cr (down 8% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹589.54 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹196.82 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1,217.55 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -33.4% | |
| Net Profit Margin | -206.5% | |
| 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 Surana Industries Limited, buy the company report.
Board of directors and KMP of Surana Industries Limited
Surana Industries Limited currently reports 5 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshchand Surana | Managing Director | 05 Aug 2000 | 26 Years 2 Months | As last reported |
| Babu Srinivasan | Director | 15 May 2015 | 11 Years 5 Months | As last reported |
| Venkatasubramanian Subramanian Also directs: Agauta Sugar & Chemicals Limited | Nominee Director | 18 Jul 2014 | 12 Years 3 Months | As last reported |
| Agnes Roselind Joseph | Director | 01 Jun 2016 | 10 Years 5 Months | As last reported |
| Muthuswamy Alagarswamy Also directs: Arvind Axion Technologies Private Limited | Cfo | 13 Jun 2018 | 8 Years 4 Months | As last reported |
| Rajesh Kumar Gupta | Nominee Director | 30 Jun 2015 | 11 Years 4 Months | As last reported |
Auditor
Surana Industries Limited is audited by DELOITTE HASKINS &SELLS LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS &SELLS LLP | FY 2016 | 117366W/W-100018 |
Shareholding
The shareholding of Surana Industries Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Surana Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2015 | 10575221 | Central Bank of India | ₹47.94 Cr | Open | |
| 28 Mar 2015 | 10563645 | Allahabad Bank | ₹59.49 Cr | Open | |
| 31 Dec 2014 | 10555317 | Bank of India | ₹20.12 Cr | Open | |
| 30 Dec 2014 | 10552032 | Allahabad Bank | ₹90 Lakh | Open | |
| 10 Dec 2014 | 10535898 | Idbi Bank Limited | ₹133.49 Cr | Open |
To see the full charge records of Surana Industries Limited, buy the company report.
Total charge records: 73 View all charges
Deals & funding
Surana Industries Limited has 25 deals on record (22 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹102.05 Cr; the latest was in February 2017.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Market trade | ₹15.8 Lakh | Seller: Indiastar (Mauritius) Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Seller: Sycamore Ventures |
| Oct 2014 | Market trade | ₹3.23 Cr | Buyer: an individual Seller: Cogent Corporate Pathfinders Private Limited |
| Dec 2010 | Market trade | ₹6.9 Cr | Buyer: Praiseworth Infra Private Limited Seller: an individual |
| Dec 2010 | Market trade | ₹5.34 Cr | Buyer: Praiseworth Infra Private Limited Seller: an individual |
To see the full deal history of Surana Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Surana Industries Limited has 222 court cases on record: 140 filed by Surana Industries, 84 filed against it. 19 cases are pending and 203 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 120 | 36 | 11 |
| District courts | 87 | 37 | 4 |
| NCLT | 8 | 5 | 2 |
| NCLAT | 4 | 4 | 2 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 222)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Surana Industries Ltd | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by M S Bhoruka Steel and Services Ltd | Disposed |
| Madras High Court | Court case (CRL RC) | Filed against the company by Uco Bank | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLT, NCLT New Delhi | Petition | Filed against the company by Union of India | Pending |
To see the full case history of Surana Industries 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 Surana Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Surana Industries has 3 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Surana Green Power Limited | U40109TN2010PLC074770 | |
| Surana Green Energy Limited | U40300TN2012PLC085008 | |
| Surana Power Limited | U74999TN2008PLC066902 |
To see the full group structure of Surana Industries Limited, buy the company report.
Employees & EPFO
Surana Industries Limited has a workforce of 3 employees on its EPFO records as of Feb 12, 2026, across 2 active EPFO establishments.
GST
Surana Industries has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Surana Industries Limited, buy the company report.
Recent activity
Surana Industries Limited has 44 board changes on record since 2000: 25 appointments and 19 cessations. The latest: Muthuswamy Alagarswamy was appointed as CFO on 13 Jun 2018.
181 earlier events are in the company report.
Frequently asked questions
Surana Industries 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.
Surana Industries is a company under liquidation, formerly operating as a public limited company based in Gummudipoondi, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 March 1991 and is registered under CIN L27104TN1991PLC020533. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Surana Industries has 6 current directors and KMP:
- Dineshchand Surana - Managing Director
- Babu Srinivasan - Director
- Venkatasubramanian Subramanian - Nominee Director
- Agnes Roselind Joseph - Director
- Rajesh Kumar Gupta - Nominee Director
- Muthuswamy Alagarswamy - Cfo
The latest financial statements of Surana Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Surana Industries is L27104TN1991PLC020533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surana Industries is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Mar 2020 · winding up and from BSE on 19 Oct 2020 · compulsory delisting, and no longer trade on a stock exchange.
Surana Industries has open charges of ₹2,595.78 Cr and satisfied charges of ₹1,475.62 Cr as per latest MCA filings.
Surana Industries has 222 court cases on record: 140 filed by the company and 84 filed against it. 19 are pending. Most are in the high courts.
Surana Industries was incorporated on 25 March 1991. It is registered with the Registrar of Companies, Chennai.
Surana Industries has 25 deals on record (22 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹102.05 Cr; the latest was in February 2017.
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