About Thane Steels Limited
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Thane Steels Limited is a public limited company based in Thane, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1995PLC091297. Its GSTIN is 27AABCT1119R1Z1 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Thane Steels Private Limited. It is led by directors including Hargopal Gianchand Rajput (Managing Director) and Mahesh Chander Rajaram Garg (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Wasuri Khurdp O Khupri Taluka Wada, Thane, Maharashtra, India – 421303.
As per the financials filed for FY 2025, the company reported a revenue of ₹269.49 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.49 Cr (net margin 0.9%) and EBITDA of ₹10.8 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 7% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thane Steels. As per MCA filings, the company has open charges of ₹94.23 Cr and satisfied charges of ₹120.05 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 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 thanesteels.com.
Company details
CIN history
Thane Steels has one previous CIN (Corporate Identification Number): U27100MH1995PTC091297. The current CIN is U27100MH1995PLC091297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1995PLC091297 | Current |
| U27100MH1995PTC091297 | Previous |
Contact details
Thane Steels Limited's registered office is in Thane, Maharashtra. Its website is thanesteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVillage Wasuri Khurdp O Khupri Taluka Wada, Thane, Maharashtra, India – 421303
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Thane Steels 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
Thane Steels operates one associated brand: Thane Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel re-rolling and production of TMT bars in India. | thanesteels.com |
Business activity
The main business activities of Thane Steels are manufacturing, trade and support service to organizations. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, wholesale trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Thane Steels Limited, buy the company report.
Financials of Thane Steels Limited
FY 2025 filings availableThane Steels Limited reported revenue of ₹269.49 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 4% growth in the latest year. EBITDA rose 15% 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 | ₹10.8 Cr | ||||
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| Net Profit (PAT) | ₹2.49 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Thane Steels Limited, buy the company report.
Board of directors of Thane Steels Limited
Thane Steels has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawankumar Ramavtar Modi Also directs: Maa Shakambhari Industries Private Limited | Director | 18 Jan 2018 | 8 Years 9 Months | Current |
| Sadanand Pandey | Director | 18 Jan 2018 | 8 Years 9 Months | Current |
| Mahesh Chander Rajaram Garg | Whole-Time Director | 02 Aug 1995 | 31 Years 2 Months | Current |
| Manish Maheshchandra Garg | Whole-Time Director | 13 Aug 1997 | 29 Years 2 Months | Current |
| Meera Hargopal Rajput | Whole-Time Director | 27 Sep 2002 | 24 Years 0 Months | Current |
| Hargopal Gianchand Rajput | Managing Director | 13 Aug 1997 | 29 Years 2 Months | Current |
Auditor
Thane Steels Limited is audited by V.B. Roonwal & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.B. Roonwal & Co. | FY 2024 | 108875W |
Shareholding
The shareholding of Thane Steels Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thane Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2024 | 101020251 | Others | ₹16.03 Lakh | Open | |
| 15 Mar 2023 | 100727260 | Others | ₹28 Lakh | Open | |
| 06 Aug 2022 | 100611078 | Others | ₹8 Cr | Open | |
| 06 Aug 2022 | 100611067 | Others | ₹1.5 Cr | Open | |
| 02 Nov 2021 | 100503902 | Others | ₹2.7 Cr | Open |
To see the full charge records of Thane Steels Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Thane Steels Limited has 10 court cases on record: 5 filed by Thane Steels, 5 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 0 |
| High courts | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAE) | Filed against the company by Steel Yard Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Income Tax Officer Ward 1, Palghar and Ors and 3 others | Pending |
| Supreme Court | Appeal | Filed against the company by Income Tax Officer Ward 1 Palghar | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Disposed |
To see the full case history of Thane Steels 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
Thane Steels Limited was last rated by Care on 02 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 02 Aug 2022 |
To see the full credit ratings and regulatory alerts of Thane Steels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thane Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thane Steels Limited has a workforce of 12 employees on its EPFO records as of Feb 06, 2025, across 1 active EPFO establishment.
GST
Thane Steels has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT1119R1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCT1119R2Z0 | Maharashtra | Active | 20 Nov 2017 |
| 27AABCT1119R1DA | Maharashtra | Active | 12 Nov 2024 |
To see the full GST registrations and return filing status of Thane Steels Limited, buy the company report.
Recent activity
Thane Steels Limited has 15 board changes on record since 1995: 6 appointments and 9 cessations. The latest: Arun Ramanand Mishra ceased to be Director on 29 Nov 2019.
42 earlier events are in the company report.
Frequently asked questions
Thane Steels is an active public limited company based in Thane, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 August 1995 (31+ years old) and is registered under CIN U27100MH1995PLC091297.
Thane Steels has 6 current directors:
- Hargopal Gianchand Rajput - Managing Director
- Mahesh Chander Rajaram Garg - Whole-Time Director
- Manish Maheshchandra Garg - Whole-Time Director
- Meera Hargopal Rajput - Whole-Time Director
- Pawankumar Ramavtar Modi - Director
- Sadanand Pandey - Director
The latest financial statements of Thane Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thane Steels is 27AABCT1119R1Z1, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCT1119R2Z0 (Maharashtra), 27AABCT1119R1DA (Maharashtra).
The CIN (Corporate Identification Number) of Thane Steels is U27100MH1995PLC091297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thane Steels has 10 court cases on record: 5 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Thane Steels was incorporated on 02 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Arun Ramanand Mishra ceased to be Director on 29 Nov 2019. Pawankumar Ramavtar Modi ceased to be Additional Director on 29 Sep 2018. Sadanand Pandey ceased to be Additional Director on 29 Sep 2018. Thane Steels has 15 board changes on record in total.
Thane Steels can be reached through the website thanesteels.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Thane Steels is at Village Wasuri Khurdp O Khupri Taluka Wada, Thane, Maharashtra, India – 421303.