Utkarsh Ispat LLP
About Utkarsh Ispat LLP
Data last updated:
Utkarsh Ispat LLP is a limited liability partnership (LLP) based in Rajkot, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 24 November 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAL-2399. Its GSTIN is 24AAFFU3447C1ZG (Gujarat).
The LLP has a total obligation of contribution of ₹5 Cr. It is led by designated partners Vedsi Niraj Arya and Niraj Jaidev Arya.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Office No. 903/B The Imperial Heights Opp. Big Bazar 150 Ft Ring Road., Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2026, the LLP reported a revenue of ₹415.28 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹16.07 Cr (net margin 3.9%) and EBITDA of ₹25.73 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The LLP has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹82.71 Cr and satisfied charges of ₹31 Cr on record. Court records list 9 cases involving the LLP, including 5 filed by the LLP and 4 filed against it.
Company details
Contact details
Utkarsh Ispat LLP's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 903/B The Imperial Heights Opp. Big Bazar 150 Ft Ring Road., Rajkot, Gujarat, India – 360005
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Utkarsh Ispat LLP, 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 Utkarsh Ispat LLP
FY 2025 filings availableUtkarsh Ispat LLP reported revenue of ₹415.28 Cr (up 29% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 29% growth in the latest year. EBITDA rose 103% 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
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profit After Tax | ₹16.07 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Net Profit Margin | 3.9% | ||||
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To see the full financial statements and ratios of Utkarsh Ispat LLP, buy the company report.
Designated partners of Utkarsh Ispat LLP
Utkarsh Ispat has 2 current designated partners and 3 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vedsi Niraj Arya | Designated Partner | 01 Jun 2024 | 2 Years 4 Months | Current |
| Niraj Jaidev Arya | Designated Partner | 24 Nov 2017 | 8 Years 11 Months | Current |
Auditor
Utkarsh Ispat LLP is audited by B M SARAF & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B M SARAF & CO | FY 2021 | 109239W |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2025 | 101163575 | State Bank of India | ₹29.77 Cr | Open | |
| 13 Aug 2025 | 101155898 | The Cosmos Co-Op. Bank Ltd. | ₹52.94 Cr | Open | |
| 30 Jan 2019 | 100237951 | The Kalupur Commercial Co-Operative Bank Limited | ₹31 Cr | Satisfied |
To see the full charge records of Utkarsh Ispat LLP, buy the company report.
Total charge records: 3 View all charges
Legal cases
Utkarsh Ispat LLP has 9 court cases on record: 5 filed by Utkarsh Ispat, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed against the company by The State of Gujarat Through the Chief Secretary Finance Department, Sachivalya ,Gandhinagar , Gujarat and 2 others | Disposed |
| District court, RAJKOT, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 1 other | Disposed |
| District court, Surendranagar, Gujarat | Criminal complaint | Filed against the company by State of Gujarat Through Shri D. K. Patel | Disposed |
To see the full case history of Utkarsh Ispat LLP, 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 Ispat LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Utkarsh Ispat LLP has a workforce of 5 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Utkarsh Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFFU3447C1ZG | Gujarat | Active | 12 Jan 2018 |
To see the full GST registrations and return filing status of Utkarsh Ispat LLP, buy the company report.
Recent activity
Utkarsh Ispat LLP has 5 designated partner changes on record since 2017: 2 appointments and 3 cessations. The latest: Vedsi Niraj Arya was appointed as Designated Partner on 01 Jun 2024.
2 earlier events are in the company report.
Frequently asked questions
Utkarsh Ispat is an active limited liability partnership based in Rajkot, Gujarat, India. The LLP works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 24 November 2017 (9+ years old) and is registered under LLPIN AAL-2399.
Utkarsh Ispat has 2 current designated partners:
- Vedsi Niraj Arya - Designated Partner
- Niraj Jaidev Arya - Designated Partner
The latest financial statements of Utkarsh Ispat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Utkarsh Ispat is 24AAFFU3447C1ZG, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Utkarsh Ispat is AAL-2399. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Utkarsh Ispat has 9 court cases on record: 5 filed by the LLP and 4 filed against it. Most are in the high courts.
Utkarsh Ispat was incorporated on 24 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vedsi Niraj Arya was appointed as Designated Partner on 01 Jun 2024. Pulkit Shah ceased to be Designated Partner on 01 Apr 2021. Saket Vikasbhai Arya ceased to be Designated Partner on 01 Apr 2019. Utkarsh Ispat has 5 designated partner changes on record in total.
The registered office of Utkarsh Ispat is at Office No. 903B The Imperial Heights Opp. Big Bazar 150 Ft Ring Road., Rajkot, Gujarat, India – 360005.
Utkarsh Ispat operates in the metals and minerals industry, in the steel manufacturing and processing segment.