About Utkarsh Bars Private Limited
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Utkarsh Bars Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 September 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ1988PTC011222. Its GSTIN is 24AACCS6848M1ZV (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.77 Cr. It was formerly known as Sunil Synthetics Private Limited and Utkarsh Healthcare Private Limited. It is led by directors including Niraj Jaidev Arya (Managing Director) and Vedsi Niraj Arya (Managing 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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹449.09 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹6.08 Cr (net margin 1.4%) and EBITDA of ₹10.17 Cr (EBITDA margin 2.3%).
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹38.8 Cr and satisfied charges of ₹21.91 Cr on record. Court records list 14 cases involving the company, including 8 filed by the company and 6 filed against it; 1 case is pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.55 Cr; the latest was in August 2017. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Agarsen Rerollers Pvt Ltd with revenue of ₹451.83 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aryagroup.co.in.
Company details
Name history
Utkarsh Bars has undergone 2 name changes throughout its history. The company was previously known as Sunil Synthetics Private Limited, and Utkarsh Healthcare Private Limited. The current legal name is Utkarsh Bars Private Limited.
| Company Name | Status |
|---|---|
| Utkarsh Bars Private Limited | Current |
| Sunil Synthetics Private Limited | Previous |
| Utkarsh Healthcare Private Limited | Previous |
CIN history
Utkarsh Bars has one previous CIN (Corporate Identification Number): U17110GJ1988PTC011222. The current CIN is U27100GJ1988PTC011222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ1988PTC011222 | Current |
| U17110GJ1988PTC011222 | Previous |
Contact details
Utkarsh Bars Private Limited's registered office is in Ahmedabad, Gujarat. Its website is aryagroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock C1203 Ratnakar Appartments – 3 Opp Kaladarshan Apts Prernatirthjainderasar, Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Utkarsh Bars 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 Utkarsh Bars 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 Utkarsh Bars Private Limited, buy the company report.
Financials of Utkarsh Bars Private Limited
FY 2025 filings availableUtkarsh Bars Private Limited reported revenue of ₹449.09 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year. EBITDA rose 71% in the latest 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 | ₹10.17 Cr | ||||
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| Net Profit (PAT) | ₹6.08 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 | 2.3% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Utkarsh Bars Private Limited, buy the company report.
Board of directors of Utkarsh Bars Private Limited
Utkarsh Bars has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpana Niraj Arya Also directs: Virat Ispat Private Limited | Whole-Time Director | 27 Sep 2014 | 12 Years 1 Months | Current |
| Niraj Jaidev Arya | Managing Director | 02 Jul 2002 | 24 Years 3 Months | Current |
| Vedsi Niraj Arya | Managing Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Utkarsh Bars Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Agarsen Rerollers Pvt Ltd | ₹451.83 Cr (FY 2025) | -29.0% | Raipur, Chhattisgarh, India | |||
| Hyundai Steel Pipe India Private Limited | ₹451.76 Cr (FY 2025) | 1.0% | Sriperumbudur, Tamil Nadu, India | |||
| Shree Hanuman Loha Private Limited | ₹451.15 Cr (FY 2025) | -14.0% | Raipurc, Chhattisgarh, India | |||
| Jai Balaji Jyoti Steels Limited | ₹450.39 Cr (FY 2025) | 6.0% | Rourkela, Odisha, India | |||
| Utkarsh Bars Private Limitedthis company | ₹449.09 Cr (FY 2025) | ₹6.08 Cr | 1.4% | 10.0% | 9 | Ahmedabad, Gujarat, India |
| Calstar Sponge Limited | ₹447.25 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Vandana Ispat Private Limited | ₹446.58 Cr (FY 2024) | -6.0% | Raipur, Chhattisgarh, India | |||
| Salagram Power and Steel Private Limited | ₹446.5 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India | |||
| Vardhman Industries Limited | ₹445.23 Cr (FY 2022) | 28.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Utkarsh Bars Private Limited, buy the company report.
Auditor
Utkarsh Bars Private Limited is audited by B.M SARAF & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.M SARAF & COMPANY | FY 2023 | 109239W |
Shareholding
The shareholding of Utkarsh Bars 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Utkarsh Bars Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2025 | 101123136 | State Bank of India | ₹7 Cr | Open | |
| 01 Nov 2022 | 100629942 | Others | ₹31.8 Cr | Open | |
| 25 Oct 2011 | 10315337 | Others | ₹21 Cr | Satisfied | |
| 26 Aug 2011 | 10304013 | Others | ₹90.9 Lakh | Satisfied |
To see the full charge records of Utkarsh Bars Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Utkarsh Bars Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.55 Cr; the latest was in August 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Rights issue | ₹80.8 Lakh | Investors: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Angraj Vinmay LLP Seller: Angaraj Vinimay Private Limited |
| Aug 2011 | Funding round | ₹4.55 Cr | Investors: Angaraj Vinimay Private Limited , Virat Ispat Private Limited |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: Virat Ispat Private Limited Seller: Universal Credit and Securities Limited , Goyal Financial India Limited |
| Jan 2009 | Funding round | ₹1 Cr | Investors: Universal Credit and Securities Limited , Goyal Financial India Limited |
To see the full deal history of Utkarsh Bars 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
Utkarsh Bars Private Limited has 14 court cases on record: 8 filed by Utkarsh Bars, 6 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 5 | 0 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 3 others | Pending |
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Surendranagar, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Utkarsh Bars 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 Utkarsh Bars Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Utkarsh Bars has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Utkarsh Bars Private Limited has a workforce of 9 employees on its EPFO records as of Nov 14, 2024, across 1 active EPFO establishment.
GST
Utkarsh Bars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS6848M1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Utkarsh Bars Private Limited, buy the company report.
Recent activity
Utkarsh Bars Private Limited has 9 board changes on record since 2002: 6 appointments and 3 cessations. The latest: Vedsi Niraj Arya was appointed as Managing Director on 01 Jul 2023.
9 earlier events are in the company report.
Frequently asked questions
Utkarsh Bars is an active private limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 September 1988 (38+ years old) and is registered under CIN U27100GJ1988PTC011222.
Utkarsh Bars has 3 current directors:
- Niraj Jaidev Arya - Managing Director
- Vedsi Niraj Arya - Managing Director
- Arpana Niraj Arya - Whole-Time Director
The latest financial statements of Utkarsh Bars 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 Utkarsh Bars is 24AACCS6848M1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Utkarsh Bars is U27100GJ1988PTC011222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkarsh Bars has 14 court cases on record: 8 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Utkarsh Bars was incorporated on 07 September 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Utkarsh Bars has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.55 Cr; the latest was in August 2017.
The peers of Utkarsh Bars by revenue are Agarsen Rerollers Pvt Ltd, Hyundai Steel Pipe India Private Limited, Shree Hanuman Loha Private Limited, Jai Balaji Jyoti Steels Limited, Calstar Sponge Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Vedsi Niraj Arya was appointed as Managing Director on 01 Jul 2023. Jaidev Govindram Arya ceased to be Whole-Time Director on 01 Jul 2021. Arpana Niraj Arya was appointed as Whole-Time Director on 27 Sep 2014. Utkarsh Bars has 9 board changes on record in total.
Utkarsh Bars can be reached through the website aryagroup.co.in. Its registered office is in Ahmedabad, Gujarat, India.