About Twenty First Century Wire Rods Limited
Data last updated:
Twenty First Century Wire Rods Limited is a public limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 08 October 1996.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27100DL1996PLC082467.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.5 Cr. It is led by directors including Gaurav Goel Vinod and Darshan Bharat Churiwala.
Its last annual general meeting (AGM) was held on 10 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at K 87 B K Dutt Colony, New Delhi, Delhi, India – 110003.
As per the financials filed for FY 2019, the company reported a revenue of ₹141.32 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹49.53 Cr (net margin -35%) and EBITDA of -₹43.03 Cr (EBITDA margin -30.5%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 29% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹255 Cr and satisfied charges of ₹5.93 Cr on record. Court records list 195 cases involving the company, including 95 filed by the company and 100 filed against it; 19 cases are pending.
The last known website on record is twentyfirstcentury.co.
Company details
CIN history
Twenty First Century Wire Rods has one previous CIN (Corporate Identification Number): U99999DL1996PTC082467. The current CIN is U27100DL1996PLC082467, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100DL1996PLC082467 | Current |
| U99999DL1996PTC082467 | Previous |
Contact details
Twenty First Century Wire Rods Limited's registered office is in New Delhi, Delhi. Its website is twentyfirstcentury.co. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressK 87 B K Dutt Colony, New Delhi, Delhi, India – 110003
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Twenty First Century Wire Rods 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 Twenty First Century Wire Rods is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Twenty First Century Wire Rods Limited, buy the company report.
Financials of Twenty First Century Wire Rods Limited
FY 2018 filings availableTwenty First Century Wire Rods Limited reported revenue of ₹141.32 Cr (up 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 29%. EBITDA rose 87% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹141.32 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹43.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹49.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -30.5% | ||||
| Net Profit Margin | -35% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Twenty First Century Wire Rods Limited, buy the company report.
Board of directors and KMP of Twenty First Century Wire Rods Limited
Twenty First Century Wire Rods Limited currently reports 4 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prittam Amarnath Sharma | Additional Director | 12 Feb 2018 | 8 Years 8 Months | As last reported |
| Naval Kishore Vasu | Additional Director | 29 Sep 2012 | 14 Years 0 Months | As last reported |
| Vinod Kumar Goel Madan Lal Also directs: Nikhil Alloy Steels Limited | Ceo | 27 Feb 2018 | 8 Years 7 Months | As last reported |
| Gaurav Goel Vinod Also directs: Rudra Natural Resources LLP | Director | 01 Feb 2000 | 26 Years 8 Months | As last reported |
| Darshan Bharat Churiwala | Director | 06 Nov 2000 | 25 Years 11 Months | As last reported |
Peer comparison
Twenty First Century Wire Rods Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (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 |
|---|---|---|---|---|---|---|
| Goradia Special Steels Limited | ₹141.56 Cr (FY 2025) | 33.0% | Raigad, Maharashtra, India | |||
| Kalindi Ispat Private Limited | ₹141.5 Cr (FY 2025) | 2.0% | West Bengal, India | |||
| MMG Re Rolling Mills Private Limited | ₹141.44 Cr (FY 2025) | 52.0% | Bhavnagar, Gujarat, India | |||
| Twenty First Century Wire Rods Limitedthis company | ₹141.32 Cr (FY 2019) | -₹49.53 Cr | -35% | 4.0% | 38 | New Delhi, Delhi, India |
| Shree Venkateshwara Sponge and Power Private Limited | ₹141.11 Cr (FY 2024) | 15.0% | Bellary, Karnataka, India | |||
| Shri Sharma Steel Rolling Mills Private Limited | ₹140.23 Cr (FY 2022) | 316.0% | Jaipur, Rajasthan, India | |||
| Bedi Steel Rolling Mills Private Limited | ₹140.17 Cr (FY 2025) | 41.0% | Doraha, Punjab, India | |||
| Vikram Private Limited | ₹139.52 Cr (FY 2024) | -9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Twenty First Century Wire Rods Limited, buy the company report.
Auditor
Twenty First Century Wire Rods Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2019 | 128216W |
Shareholding
The shareholding of Twenty First Century Wire Rods Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Twenty First Century Wire Rods Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2012 | 10379530 | Ing Vysya Bank Limited | ₹55 Cr | Open | |
| 15 Sep 2008 | 10123501 | Idbi Bank Limited | ₹200 Cr | Open | |
| 07 Sep 2010 | 10240486 | Hdfc Bank Limited | ₹27.07 Lakh | Satisfied | |
| 05 Feb 2009 | 10142956 | Reliance Capital Ltd | ₹50 Lakh | Satisfied | |
| 08 Dec 2005 | 90335111 | Hdfc Bank House | ₹6.68 Lakh | Satisfied |
To see the full charge records of Twenty First Century Wire Rods Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Twenty First Century Wire Rods Limited has 195 court cases on record: 95 filed by Twenty First Century Wire Rods, 100 filed against it. 19 cases are pending and 176 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 96 | 43 | 10 |
| District courts | 81 | 46 | 8 |
| Supreme Court | 10 | 4 | 1 |
| NCLAT | 8 | 7 | 0 |
Cases on record (5 of 195)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed against the company by Idbi Bank Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by HDFC Bank Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Inox Air Products Pvt Ltd., | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Axis Bank(Formerly Known As Uti Bank Ltd.) | Disposed |
| District court, Silvassa, DNH at Silvasa | Commercial suit | Filed by the company against Premier Stainless Steel Wires Pvt Ltd and 2 Ors and 2 others | Disposed |
To see the full case history of Twenty First Century Wire Rods 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 Twenty First Century Wire Rods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Twenty First Century Wire Rods Limited has a workforce of 38 employees on its EPFO records as of Apr 02, 2024, across 2 active EPFO establishments.
GST
No GST registration is on our record for Twenty First Century Wire Rods Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Twenty First Century Wire Rods Limited has 12 board changes on record since 2000: 5 appointments and 7 cessations. The latest: Vinod Kumar Goel Madan Lal was appointed as CEO on 27 Feb 2018.
18 earlier events are in the company report.
Frequently asked questions
Twenty First Century Wire Rods is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Twenty First Century Wire Rods is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 08 October 1996 and is registered under CIN U27100DL1996PLC082467. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Twenty First Century Wire Rods has 5 current directors and KMP:
- Prittam Amarnath Sharma - Additional Director
- Naval Kishore Vasu - Additional Director
- Gaurav Goel Vinod - Director
- Darshan Bharat Churiwala - Director
- Vinod Kumar Goel Madan Lal - Ceo
The latest financial statements of Twenty First Century Wire Rods on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 10 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Twenty First Century Wire Rods is U27100DL1996PLC082467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Twenty First Century Wire Rods has open charges of ₹255 Cr and satisfied charges of ₹5.93 Cr as per latest MCA filings.
Twenty First Century Wire Rods has 195 court cases on record: 95 filed by the company and 100 filed against it. 19 are pending. Most are in the high courts.
Twenty First Century Wire Rods was incorporated on 08 October 1996. It is registered with the Registrar of Companies, Delhi.
The peers of Twenty First Century Wire Rods by revenue are Goradia Special Steels Limited, Kalindi Ispat Private Limited, MMG Re Rolling Mills Private Limited, Shree Venkateshwara Sponge and Power Private Limited, Shri Sharma Steel Rolling Mills Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Vinod Kumar Goel Madan Lal was appointed as CEO on 27 Feb 2018. Aditi Nandkumar Kakade ceased to be Nominee Director on 21 Feb 2018. Prittam Amarnath Sharma was appointed as Additional Director on 12 Feb 2018. Twenty First Century Wire Rods has 12 board changes on record in total.
Twenty First Century Wire Rods can be reached through the website twentyfirstcentury.co. Its registered office is in New Delhi, Delhi, India.