About Tata Steel Mining Limited
Data last updated:
Tata Steel Mining Limited was a public limited company based in Bhubaneswar, Odisha, India, operated as a subsidiary of Tata Steel Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the other metals and minerals segment of the metals and mining sector. It was incorporated on 29 March 2004.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U27109OR2004PLC009683. Its GSTIN is 21AACCR7005H1ZU (Odisha). The company held 6 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹7,500 Cr and a paid-up capital of ₹850.12 Cr. It was formerly known as Rawmet Ferrous Industries Limited. It was led by directors including Pankaj Kumar Satija (Managing Director) and Chanakya Chaudhary.
Its last annual general meeting (AGM) was held on 21 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Plot No. N – 3/24 Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015.
As per the financials filed for FY 2023, the company reported a revenue of ₹5,008.91 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹287.38 Cr (net margin -5.7%) and EBITDA of -₹93.51 Cr (EBITDA margin -1.9%). Revenue has grown at a compounded annual rate (CAGR) of 192% over three years.
The company had about 498 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Tata Steel Mining. As per MCA filings, the company had satisfied charges of ₹1,402.1 Cr on record. Court records list 42 cases involving the company, including 13 filed by the company and 29 filed against it; 16 cases are pending. The company has 9 deals on record (5 funding rounds, 3 rights issues, 1 acquisition), with disclosed funding of ₹1,518.69 Cr; the latest was in September 2022. Its 8 peer companies in the Metals and Minerals industry (Mining, Other Minerals, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Neelachal Ispat Nigam Ltd with revenue of ₹5,780.54 Cr. The company has 5 MSME Form 1 returns on record between 2021 and 2023, listing 5 overdue payments to 1 micro and small supplier.
The last known website on record is tatasteelmining.com.
Company details
Name history
Tata Steel Mining has undergone 5 name changes throughout its history. The current legal name is Tata Steel Mining Limited.
| Company Name | Status |
|---|---|
| Tata Steel Mining Limited | Current |
| Rawmet Ferrous Industries Limited | Previous |
| Rawmet Ferrous Industries Private Limited | Previous |
| T S Alloys Limited | Previous |
| Rawmet Ferrous Industries Limited | Previous |
CIN history
Tata Steel Mining has one previous CIN (Corporate Identification Number): U27109OR2004PTC009683. The current CIN is U27109OR2004PLC009683, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109OR2004PLC009683 | Current |
| U27109OR2004PTC009683 | Previous |
Contact details
Tata Steel Mining Limited's registered office is in Bhubaneswar, Odisha. Its website is tatasteelmining.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. N – 3/24 Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Tata Steel Mining 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
Tata Steel Mining operates one associated brand: Tata Steel Mining. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of steel mining services | tatasteelmining.com |
Business activity
The main business activities of Tata Steel Mining are manufacturing and support service to organizations. In detail, this covers metal and metal products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Tata Steel Mining Limited, buy the company report.
Financials of Tata Steel Mining Limited
FY 2023 filings availableTata Steel Mining Limited reported revenue of ₹5,008.91 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 192% over three years, including 9% growth in the latest year. EBITDA rose 92% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5,008.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹287.38 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.9% | ||||
| Net Profit Margin | -5.7% | ||||
| 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 Tata Steel Mining Limited, buy the company report.
Board of directors of Tata Steel Mining Limited
Tata Steel Mining has 4 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chanakya Chaudhary | Director | 01 Jun 2020 | 6 Years 4 Months | As last reported |
| Sundararamam Dwaraka Bhamidipati | Director | 01 Jun 2020 | 6 Years 4 Months | As last reported |
| Pankaj Kumar Satija Also directs: Skill Council for Mining Sector | Managing Director | 27 Oct 2021 | 4 Years 11 Months | As last reported |
| Meena Lall | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Tata Steel Mining Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Mining, Other Minerals, 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 |
|---|---|---|---|---|---|---|
| Neelachal Ispat Nigam Ltd | ₹5,780.54 Cr (FY 2025) | 4.0% | Bhubaneswar, Odisha, India | |||
| Godawari Power and Ispat Limited | ₹5,471.71 Cr (FY 2025) | -1.0% | Raipur, Chhattisgarh, India | |||
| Shri Bajrang Power and Ispat Limited | ₹5,243.25 Cr (FY 2025) | 2.0% | Raipur, Chhattisgarh, India | |||
| Rimjhim Ispat Limited | ₹5,222.68 Cr (FY 2025) | 0.0% | Kanpur, Uttar Pradesh, India | |||
| Tata Steel Mining Limitedthis company | ₹5,008.91 Cr (FY 2023) | -₹287.38 Cr | -5.7% | 9.0% | 498 | Bhubaneswar, Odisha, India |
| Mukand Limited | ₹4,904.42 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Amns Khopoli Limited | ₹4,858.16 Cr (FY 2024) | 342.0% | Khalapur, Maharashtra, India | |||
| Sarda Energy & Minerals Limited | ₹4,815.25 Cr (FY 2025) | 19.0% | Nagpur, Maharashtra, India | |||
| Rashmi Metallurgical Industry Private Limited | ₹4,631.67 Cr (FY 2025) | 80.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Tata Steel Mining Limited, buy the company report.
Auditor
Tata Steel Mining Limited is audited by PRICE WATER HOUSE & CO CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATER HOUSE & CO CHARTERED ACCOUNTANTS LLP | FY 2023 | 304026E/E300009 |
Shareholding
The shareholding of Tata Steel Mining 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 Tata Steel Mining Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2020 | 100335724 | Others | ₹435 Cr | Satisfied | |
| 19 Dec 2019 | 100313883 | Axis Bank Limited | ₹60 Cr | Satisfied | |
| 17 Oct 2018 | 100603300 | Others | ₹17.46 Cr | Satisfied | |
| 09 Aug 2018 | 100603298 | Others | ₹15.05 Cr | Satisfied | |
| 12 Jul 2018 | 100603299 | Others | ₹18.12 Cr | Satisfied |
To see the full charge records of Tata Steel Mining Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Tata Steel Mining Limited has 9 deals on record (5 funding rounds, 3 rights issues, 1 acquisition), with disclosed funding of ₹1,518.69 Cr; the latest was in September 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Acquisition | Undisclosed | Buyer: Tata Steel Limited |
| Aug 2022 | Funding round | ₹54 Cr | Investors: Tata Steel Limited |
| Jun 2022 | Rights issue | ₹20.06 Cr | Investors: Tata Steel Limited |
| Apr 2022 | Funding round | ₹625 Cr | Investors: Tata Steel Limited |
| Sep 2020 | Funding round | ₹826.99 Cr | Investors: Tata Steel Limited |
To see the full deal history of Tata Steel Mining 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
Tata Steel Mining Limited has 42 court cases on record: 13 filed by Tata Steel Mining, 29 filed against it. 16 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 18 | 18 | 8 |
| High courts | 13 | 5 | 5 |
| Supreme Court | 5 | 4 | 3 |
| District courts | 4 | 1 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by TP Northern Odisha Distribution Limited (Tpnodl) | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by GPR Power Solutions Private Limited | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by TP Central Odisha Distribution Limited Through Its Chief Executive Officer 2Nd Floor. Idco Tower, Janpath, Bhubaneshwar, Odisha , District: Bhubaneshwar ,Bhubaneswar , Orissa | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Odisha Power Transmission Corporation Ltd. Through the CMD Janpath, Bhubaneswar, Dist. Khurda , District: Khurda , , Orissa | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Raj Kumar Banerjee Minority Shareholder of Rohit Ferro Tech Limited Isource Technologies Private Limited, 4Th Floor, Ishram Signature Sector 13, Dwarka ,New Delhi , Delhi and 6 others | Disposed |
To see the full case history of Tata Steel Mining 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.
Credit ratings & regulatory alerts
Tata Steel Mining Limited was last rated by Icra on 23 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Aug 2021 |
To see the full credit ratings and regulatory alerts of Tata Steel Mining Limited, buy the company report.
MSME payment delays
Tata Steel Mining Limited has 5 MSME Form 1 returns on record between 2021 and 2023, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Xyz |
To see the full MSME payment records of Tata Steel Mining Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tata Steel Mining Limited has a workforce of 498 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Tata Steel Mining has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCR7005H1ZU | Odisha | Active | 01 Jul 2017 |
| 37AACCR7005H1ZH | Andhra Pradesh | Active | 11 Nov 2020 |
| 22AACCR7005H1ZS | Chhattisgarh | Active | 12 Dec 2020 |
To see the full GST registrations and return filing status of Tata Steel Mining Limited, buy the company report.
Recent activity
Tata Steel Mining Limited has 31 board changes on record since 2008: 4 appointments and 27 cessations. The latest: Cherian Maliyackal Thomas ceased to be Managing Director on 30 Nov 2021.
54 earlier events are in the company report.
News
Frequently asked questions
Tata Steel Mining 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.
Tata Steel Mining was a public limited company based in Bhubaneswar, Odisha, India. The company worked in other metals and minerals, within the metals and minerals industry. It was incorporated on 29 March 2004 and is registered under CIN U27109OR2004PLC009683. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Steel Mining was incorporated on 29 March 2004. It is registered with the Registrar of Companies, Cuttack.
Tata Steel Mining had 4 directors:
- Pankaj Kumar Satija - Managing Director
- Chanakya Chaudhary - Director
- Sundararamam Dwaraka Bhamidipati - Director
- Meena Lall - Director
The CIN (Corporate Identification Number) of Tata Steel Mining is U27109OR2004PLC009683. 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 Tata Steel Mining is at Plot No. N – 324 Irc Village Nayapalli, Bhubaneswar, Odisha, India – 751015.
Tata Steel Mining can be reached through the website tatasteelmining.com. Its registered office is in Bhubaneswar, Odisha, India.
The latest financial statements of Tata Steel Mining on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 21 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Steel Mining is 21AACCR7005H1ZU, registered in Odisha. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 37AACCR7005H1ZH (Andhra Pradesh), 22AACCR7005H1ZS (Chhattisgarh).
Tata Steel Mining operated in the metals and minerals industry, in the other metals and minerals segment.
Tata Steel Mining has 9 deals on record (5 funding rounds, 3 rights issues, 1 acquisition), with disclosed funding of ₹1,518.69 Cr; the latest was in September 2022.
The peers of Tata Steel Mining by revenue are Neelachal Ispat Nigam Ltd, Godawari Power and Ispat Limited, Shri Bajrang Power and Ispat Limited, Rimjhim Ispat Limited, Mukand Limited and 3 more, all in the Metals and Minerals industry (Mining, Other Minerals, Steel), with the same principal business activity (metal and metal products).