MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-18-0003553
Sushant Minerals Private Limited - metals and minerals in Barbil, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.95 Cr
▼ 15% YoY
Net profit · FY 2025
₹1.03 Cr
Net margin 4.1%
EBITDA · FY 2025
₹4.75 Cr
EBITDA margin 19%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹4.91 Cr
Issued & subscribed
Open charges
₹59.81 Cr
Satisfied ₹39.42 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
73
Provident fund records
About Sushant Minerals Private Limited
Data last updated:
Sushant Minerals Private Limited is a private limited company based in Barbil, Odisha, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2007PTC009191. Its GSTIN is 21AAKCS7245Q1ZS (Odisha). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.91 Cr. It is led by directors including Dusmanta Palei and Parbati Palei.
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 Plot No – 427/1158 New Sundara Basti, Barbil, Odisha, India – 758035.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.95 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.03 Cr (net margin 4.1%) and EBITDA of ₹4.75 Cr (EBITDA margin 19%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 73 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sushant Minerals. As per MCA filings, the company has open charges of ₹59.81 Cr and satisfied charges of ₹39.42 Cr on record. Court records list 27 cases involving the company, including 18 filed by the company and 7 filed against it; 6 cases are pending.
Sushant Minerals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-18-0003553). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sushantminerals.com.
Company Details of Sushant Minerals Private Limited
CIN U27102OR2007PTC009191
Registration Number 009191
Incorporation Date 26 February 2007
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-18-0003553
Recognitions & Rankings of Sushant Minerals
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – 427/1158 New Sundara Basti, Barbil, Odisha, India – 758035
- IndustryMetals and Minerals, Metal Manufacturing & Processing
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Associated Brands with Sushant Minerals Private Limited
Sushant Minerals operates one associated brand: Sushant Minerals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of ores and minerals mining services | sushantminerals.com |
Business Activity of Sushant Minerals Private Limited
The main business activity of Sushant Minerals is mining and quarrying. In detail, this covers mining of metal ores.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| B | Mining and quarrying | B3 | Mining of Metal Ores | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Sushant Minerals Private Limited FY 2024 filings available
Sushant Minerals Private Limited reported revenue of ₹24.95 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹24.95 Cr ▼ 15%
Net profit · FY 2025
₹1.03 Cr margin 4.1%
EBITDA · FY 2025
₹4.75 Cr margin 19%
Compounded Annual Growth Rate (CAGR) of Sushant Minerals Private Limited
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 15%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▼ 17%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 15% fall in the latest year. EBITDA fell 65% 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 of Sushant Minerals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.03 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 of Sushant Minerals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sushant Minerals are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Sushant Minerals Private Limited
Sushant Minerals has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dusmanta Palei Also directs: Sushant Power & Steel Private Limited | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
| Parbati Palei | Director | 26 Feb 2007 | 19 Years 7 Months | Current |
| Bidyadhar Palei | Director | 26 Feb 2007 | 19 Years 7 Months | Current |
| Prasanta Palei | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
Peer Comparison of Sushant Minerals Private Limited
Sushant Minerals Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elixir Vincom Private Limited | ₹25.38 Cr (FY 2019) | •••• | •••• | -60.0% | •••• | Kolkata, West Bengal, India |
| Vishvakarma Prefab Steel Private Limited | ₹25.24 Cr (FY 2024) | •••• | •••• | 71.0% | •••• | Ahmedabad, Gujarat, India |
| Arjan Precision Metals Private Limited | ₹25.2 Cr (FY 2024) | •••• | •••• | 931.0% | •••• | Kalavad, Gujarat, India |
| SNK Metal Alloys Private Limited | ₹25.13 Cr (FY 2022) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Shreevardhana Metaliks Private Limited | ₹25.09 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Sushant Minerals Private Limited this company | ₹24.95 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Barbil, Odisha, India |
| Shalcos Manufactures LLP | ₹24.86 Cr (FY 2024) | •••• | •••• | •••• | Kannur, Kerala, India | |
| Micro Ion-Coating Private Limited | ₹24.83 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Workshop Rajkot, Gujarat, India |
| P&P Metalloys Private Limited | ₹24.81 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Peramangalam, Tamil Nadu, India |
| Anil Metal and Alloys Private Limited | ₹24.77 Cr (FY 2024) | •••• | •••• | 722732.0% | •••• | Ahmedabad, Gujarat, India |
| Minami Metals Private Limited | ₹24.75 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Sushant Minerals by revenue in the Metals and Minerals industry (Metals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sushant Minerals Private Limited
Sushant Minerals Private Limited is audited by MDC & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDC & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Sushant Minerals Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Sushant Minerals Private Limited
Open charges
₹59.81 Cr
Satisfied charges
₹39.42 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2024 | State Bank of India | ₹10.41 Cr | Open |
| 07 Oct 2024 | State Bank of India | ₹2.8 Cr | Open |
| 12 Oct 2023 | State Bank of India | ₹3.5 Cr | Open |
| 19 Jul 2023 | State Bank of India | ₹37.5 Cr | Open |
| 12 Aug 2021 | Axis Bank Limited | ₹90 Lakh | Open |
Total charge records: 27 View all charges
Legal Cases of Sushant Minerals Private Limited
Sushant Minerals Private Limited has 27 court cases on record: 18 filed by Sushant Minerals, 7 filed against it, 2 where it is another party. 6 cases are pending and 21 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Total cases
27
Filed by the company
18
Filed against the company
7
Pending
6
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 3 | 3 |
| District courts | 8 | 4 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (C M A) | Filed by the company against Indusind Bank Ltd. | Pending |
| High Court of Orissa | Interim or miscellaneous application | Filed against the company by Indusind Bank Ltd. | Disposed |
| District court, Khurda, Odisha | Commercial suit | Filed by the company against Indusind Bank Ltd. | Disposed |
| District court, Keonjhar, Odisha | Court case (1c.c.) | Filed by the company against Indusind Bank Ltd. | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against Reserve Bank Innovation Hub | Disposed |
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Full case history
All 27 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Sushant Minerals Private Limited
Sushant Minerals Private Limited has a workforce of 73 employees as of Mar 31, 2024.
Employee count
73
Active EPFO establishments
1
Employee growth
-28.43%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Sushant Minerals Private Limited
Sushant Minerals Private Limited has 4 board changes on record since 2007: 4 appointments. The latest: Dusmanta Palei was appointed as Director on 06 Jul 2015.
Charges
A charge with State Bank Of India of Rs. 10.41 Cr registered on 30 Nov 2024 with Charge ID 101016927 was modified on 24 Jul 2025.
Charges
A charge registered on 31 Jan 2021 via Charge ID 100418012 with Tata Capital Financial Services Limited was fully satisfied on 04 Jan 2025.
Charges
A charge with State Bank Of India amounted to Rs. 10.41 Cr with Charge ID 101016927 was registered on 30 Nov 2024.
Charges
A charge with State Bank Of India amounted to Rs. 2.80 Cr with Charge ID 100987552 was registered on 07 Oct 2024.
AGM
Sushant Minerals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sushant Minerals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with State Bank Of India amounted to Rs. 3.50 Cr with Charge ID 100812183 was registered on 12 Oct 2023.
Charges
A charge with State Bank Of India amounted to Rs. 37.50 Cr with Charge ID 100745165 was registered on 19 Jul 2023.
Charges
A charge registered on 28 Nov 2015 via Charge ID 10608247 with Tata Capital Financial Services Limited was fully satisfied on 24 May 2023.
Charges
A charge registered on 30 Apr 2015 via Charge ID 10569367 with Tata Capital Financial Services Limited was fully satisfied on 24 May 2023.
Charges
A charge registered on 31 Jan 2014 via Charge ID 10476332 with Tata Capital Financial Services Limited was fully satisfied on 24 May 2023.
Charges
A charge registered on 28 Dec 2013 via Charge ID 10469431 with Tata Capital Financial Services Limited was fully satisfied on 24 May 2023.
45 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sushant Minerals Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Sushant Minerals Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Sushant Minerals Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Sushant Minerals Private Limited
Sushant Minerals has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAKCS7245Q1ZS | Odisha | Active | 01 Jul 2017 |
| 21AAKCS7245Q2ZR | Odisha | Active | 20 Aug 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Sushant Minerals Private Limited
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MCA filings and documents
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Frequently Asked Questions about Sushant Minerals Private Limited
Sushant Minerals is an active private limited company based in Barbil, Odisha, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 February 2007 (19+ years old) and is registered under CIN U27102OR2007PTC009191.
Sushant Minerals reported revenue of ₹24.95 Cr for FY 2025 (down 15% YoY).
Sushant Minerals has 4 current directors:
- Dusmanta Palei - Director
- Parbati Palei - Director
- Bidyadhar Palei - Director
- Prasanta Palei - Director
Sushant Minerals reported a net profit of ₹1.03 Cr (net margin 4.1%) and EBITDA of ₹4.75 Cr (EBITDA margin 19%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sushant Minerals is -15% over three years and -14% over five years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sushant Minerals is 21AAKCS7245Q1ZS, registered in Odisha. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 21AAKCS7245Q2ZR (Odisha).
The CIN (Corporate Identification Number) of Sushant Minerals is U27102OR2007PTC009191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sushant Minerals has 27 court cases on record: 18 filed by the company and 7 filed against it. 6 are pending. Most are in the high courts.
Sushant Minerals was incorporated on 26 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Sushant Minerals by revenue are Elixir Vincom Private Limited, Vishvakarma Prefab Steel Private Limited, Arjan Precision Metals Private Limited, SNK Metal Alloys Private Limited, Shreevardhana Metaliks Private Limited and 5 more, all in the Metals and Minerals industry (Metals).
Dusmanta Palei was appointed as Director on 06 Jul 2015. Prasanta Palei was appointed as Director on 06 Jul 2015. Bidyadhar Palei was appointed as Director on 26 Feb 2007. Sushant Minerals has 4 board changes on record in total.