About Turakhia Ferromet Private Limited
Data last updated:
Turakhia Ferromet Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 May 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1994PTC078585. Its GSTIN is 27AAACT1424C1ZX (Maharashtra). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹24.07 Cr and a paid-up capital of ₹22.06 Cr. It was formerly known as Turakhia Ferromet Limited. It was led by directors Manoj Mansukhlal Turakhia and Mansuklal Rugnath Turakhia.
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 was at 414 4th Floor Vyapar Bhavan 49 P D Meelo Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2024, the company reported a revenue of ₹531.44 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹13.44 Cr (net margin 2.5%) and EBITDA of ₹29.58 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 2% over five years.
Its group structure included 1 subsidiary.
As per MCA filings, the company had open charges of ₹205 Cr and satisfied charges of ₹263.95 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it.
The last known website on record is turakhia.co.in.
Company details
Contact details
Turakhia Ferromet Private Limited's registered office is in Mumbai, Maharashtra. Its website is turakhia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address414 4th Floor Vyapar Bhavan 49 P D Meelo Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Turakhia Ferromet 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
Financials of Turakhia Ferromet Private Limited
FY 2024 filings availableTurakhia Ferromet Private Limited reported revenue of ₹531.44 Cr (up 59% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 59% growth in the latest year. EBITDA rose 44% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹29.58 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹13.44 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Turakhia Ferromet Private Limited, buy the company report.
Board of directors of Turakhia Ferromet Private Limited
Turakhia Ferromet has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Mansukhlal Turakhia Also directs: Turakhia Capital Services LLP, Asstur International LLP, Turakhia Iron and Steel LLP and 4 more | Director | 28 Oct 2020 | 6 Years 0 Months | As last reported |
| Mansuklal Rugnath Turakhia | Director | 24 Nov 1994 | 31 Years 11 Months | As last reported |
Auditor
Turakhia Ferromet Private Limited is audited by Manish Modi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manish Modi & Associates | FY 2023 | 120780W |
Shareholding
The shareholding of Turakhia Ferromet Private 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Turakhia Ferromet Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2020 | 100410526 | Hdfc Bank Limited | ₹18.7 Cr | Satisfied | |
| 11 Feb 2012 | 10338999 | Bank of India | ₹15 Cr | Satisfied | |
| 02 May 2009 | 10158271 | Bank of India | ₹115 Cr | Satisfied | |
| 13 Feb 1998 | 90156789 | Bank of India | ₹115 Cr | Satisfied | |
| 10 Oct 1994 | 90155981 | Bank of India | ₹25 Lakh | Satisfied |
To see the full charge records of Turakhia Ferromet Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Turakhia Ferromet Private Limited has 9 court cases on record: 5 filed by Turakhia Ferromet, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Turakhia International Pvt Ltd and Anr | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India Through the Secretary, Ministry of Law and Justice, Dept of Legal Affairs and Ors | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (ADMS) | Filed by the company against an individual | Disposed |
To see the full case history of Turakhia Ferromet 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
No delayed payments to MSME suppliers are on our record for Turakhia Ferromet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Turakhia Ferromet has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Turakhia International Private Limited | U51909MH1991PTC173982 |
To see the full group structure of Turakhia Ferromet Private Limited, buy the company report.
GST
Turakhia Ferromet has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1424C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Turakhia Ferromet Private Limited, buy the company report.
Recent activity
Turakhia Ferromet Private Limited has 4 board changes on record since 1994: 2 appointments and 2 cessations. The latest: Manoj Mansukhlal Turakhia was appointed as Director on 28 Oct 2020.
7 earlier events are in the company report.
Frequently asked questions
Turakhia Ferromet 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.
Turakhia Ferromet was a private limited company based in Mumbai, Maharashtra, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 24 May 1994 and is registered under CIN U27200MH1994PTC078585. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Turakhia Ferromet was incorporated on 24 May 1994. It is registered with the Registrar of Companies, Mumbai.
Turakhia Ferromet had 2 directors:
- Manoj Mansukhlal Turakhia - Director
- Mansuklal Rugnath Turakhia - Director
The CIN (Corporate Identification Number) of Turakhia Ferromet is U27200MH1994PTC078585. 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 Turakhia Ferromet is at 414 4th Floor Vyapar Bhavan 49 P D Meelo Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
Turakhia Ferromet can be reached through the website turakhia.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Turakhia Ferromet 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 Turakhia Ferromet is 27AAACT1424C1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Turakhia Ferromet operated in the metals and minerals industry, in the metal retail and distribution segment.
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