About Topworth Steels and Power Private Limited
Data last updated:
Topworth Steels and Power Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Amalgam Steel & Power Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH2004PTC146381. Its GSTIN is 22AACCT0878L3Z4 (Chattisgarh). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1,360 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Topworth Steels Private Limited. It is led by directors including Soham Misra (Whole-Time Director) and Bharat Atha (Whole-Time Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹697.94 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹34.48 Cr (net margin 4.9%) and EBITDA of ₹85.57 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 190% over three years.
The company has about 297 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹649.51 Cr and satisfied charges of ₹4,446.49 Cr on record. Court records list 47 cases involving the company, including 12 filed by the company and 35 filed against it; 19 cases are pending. The company has 11 deals on record (6 funding rounds, 2 convertible or debt financings, 2 acquisitions), with disclosed funding of ₹681.98 Cr; the latest was in August 2025. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 23 overdue payments to 12 micro and small suppliers.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website tsppl.co.in.
Company details
Contact details
Topworth Steels and Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is tsppl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address15 Sahyadri Bldg. Peru Baug, Goregaon Near Pritam Hotel, Mumbai, Maharashtra, India – 400063
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Topworth Steels and Power 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 Topworth Steels and Power is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Topworth Steels and Power Private Limited, buy the company report.
Financials of Topworth Steels and Power Private Limited
FY 2024 filings availableTopworth Steels and Power Private Limited reported revenue of ₹697.94 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 190% over three years, including 15% growth in the latest year. EBITDA rose 214% 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 |
|---|---|---|---|---|---|
| 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 | ₹85.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.48 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 4.9% | ||||
| 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 Topworth Steels and Power Private Limited, buy the company report.
Board of directors of Topworth Steels and Power Private Limited
Topworth Steels and Power has 9 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Topworth Steels and Power Private Limited is audited by S. K. Agrawal & Co Chartered Accountants Llp for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. Agrawal & Co Chartered Accountants Llp | FY 2024 | 306033E |
Shareholding
The shareholding of Topworth Steels and Power Private 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 2020 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Topworth Steels and Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2024 | 100981039 | Hdfc Bank Limited | ₹47 Cr | Open | |
| 31 Aug 2024 | 100969499 | Others | ₹50 Cr | Open | |
| 29 Aug 2024 | 100971926 | Others | ₹46 Cr | Open | |
| 05 Jul 2024 | 100944710 | Yes Bank Limited | ₹48 Cr | Open | |
| 20 Jun 2024 | 100938558 | Axis Bank Limited | ₹80 Cr | Open |
To see the full charge records of Topworth Steels and Power Private Limited, buy the company report.
Total charge records: 59 View all charges
Deals & funding
Topworth Steels and Power Private Limited has 11 deals on record (6 funding rounds, 2 convertible or debt financings, 2 acquisitions), with disclosed funding of ₹681.98 Cr; the latest was in August 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Acquisition | ₹1,265.21 Cr | Buyer: Crest Steel and Power Private Limited |
| Dec 2023 | Funding round | ₹2 Cr | Investors: Amalgam Steel & Power Limited , Amalgam Steel & Power Limited & Sourav Misra, Amalgam Steel & Power Limited & Bharat Atha |
| Mar 2015 | Funding round | ₹18 Cr | Investors: Crest Steel and Power Private Limited |
| Dec 2012 | Funding round | ₹63.13 Cr | Investors: Crest Steel and Power Private Limited |
| Nov 2010 | Funding round | ₹246.43 Cr | Investors: Crest Steel and Power Private Limited |
To see the full deal history of Topworth Steels and Power Private 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
Topworth Steels and Power Private Limited has 47 court cases on record: 12 filed by Topworth Steels and Power, 35 filed against it. 19 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 15 | 3 |
| District courts | 21 | 19 | 15 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Private Limited | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against Steel Authority of India Limited (S A I L) and 2 others | Disposed |
| District court, Mahesana, Gujarat | Court case (SMST R) | Filed against the company by M/S Zircar Refractories Ltd | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by The State Trading Corporation of India Ltd | Disposed |
| Bombay High Court | Appeal | Filed against the company by MSTC Ltd. | Disposed |
To see the full case history of Topworth Steels and Power 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
Topworth Steels and Power Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 23 overdue payments to 12 micro and small suppliers. 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 (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Vayubodhak India | |||
| Modern Minerals | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Topworth Steels and Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Topworth Steels and Power Private Limited has a workforce of 297 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Topworth Steels and Power has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AACCT0878L3Z4 | Chattisgarh | Active | 21 Mar 2020 |
| 22AACCT0878L1DF | Chattisgarh | Active | 28 Oct 2024 |
To see the full GST registrations and return filing status of Topworth Steels and Power Private Limited, buy the company report.
Recent activity
Topworth Steels and Power Private Limited has 25 board changes on record since 2010: 9 appointments and 16 cessations. The latest: Gaurav Atha ceased to be Additional Director on 29 Sep 2025.
125 earlier events are in the company report.
Frequently asked questions
Topworth Steels and Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 May 2004 (22+ years old) and is registered under CIN U51420MH2004PTC146381.
Topworth Steels and Power has 9 current directors:
- Soham Misra - Whole-Time Director
- Bharat Atha - Whole-Time Director
- Srinivas Rama Sesha Mangipudi - Whole-Time Director
- Susil Kumar Misra - Director
- Sourav Misra - Director
- Dyapayan Dutta - Director
- Prabir Kumar Bhattacharjee - Director
- Vishal Atha - Director
- Gaurav Atha - Director
The latest financial statements of Topworth Steels and Power 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.
The GSTIN of Topworth Steels and Power is 22AACCT0878L3Z4, registered in Chattisgarh. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 22AACCT0878L1DF (Chattisgarh).
The CIN (Corporate Identification Number) of Topworth Steels and Power is U51420MH2004PTC146381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topworth Steels and Power has 47 court cases on record: 12 filed by the company and 35 filed against it. 19 are pending. Most are in the high courts.
Topworth Steels and Power was incorporated on 18 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Topworth Steels and Power has 11 deals on record (6 funding rounds, 2 convertible or debt financings, 2 acquisitions), with disclosed funding of ₹681.98 Cr; the latest was in August 2025.
Gaurav Atha ceased to be Additional Director on 29 Sep 2025. Prabir Kumar Bhattacharjee ceased to be Additional Director on 29 Sep 2025. Susil Kumar Misra ceased to be Additional Director on 29 Sep 2025. Topworth Steels and Power has 25 board changes on record in total.
Topworth Steels and Power has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 23 overdue payments to 12 micro and small suppliers. The latest return was filed on 11 Jun 2019.
Topworth Steels and Power can be reached through the website tsppl.co.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
