About V S L Steels Limited
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V S L Steels Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27109KA2003PLC058185. Its GSTIN is 29AAICS1510N1Z4 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28 Cr. It was formerly known as Slr Steels Limited. It is led by directors including Eknath Vittal Rao Lad (Managing Director) and Vinay Eknath Lad (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 #539 Ashwini Complex 4th Floor Cmh Road Indiranagar Hal 2nd Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.17 Lakh, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹37.82 Lakh (net margin -412.4%) and EBITDA of -₹37.82 Lakh (EBITDA margin -412.4%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years and 31% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹199.7 Cr on record. Court records list 20 cases involving the company, including 10 filed by the company and 10 filed against it; 3 cases are pending. The company has 2 deals on record (2 acquisitions); the latest was in September 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website slaadgroup.com.
Company details
CIN history
V S L Steels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27109KA2003PLC058185, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109KA2003PLC058185 | Current |
| U27109DL2003PLC123213 | Previous |
| L27109DL2003PLC123213 | Previous |
Contact details
V S L Steels Limited's registered office is in Bangalore, Karnataka. Its website is slaadgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#539 Ashwini Complex 4th Floor Cmh Road Indiranagar Hal 2nd Stage, Bangalore, Karnataka, India – 560038
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of V S L Steels 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 V S L Steels 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 |
Financials of V S L Steels Limited
FY 2024 filings availableV S L Steels Limited reported revenue of ₹9.17 Lakh (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA fell 28% 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 |
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| EBITDA | -₹37.82 Lakh | ||||
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| Net Profit (PAT) | -₹37.82 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -412.4% | ||||
| Net Profit Margin | -412.4% | ||||
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To see the full financial statements and ratios of V S L Steels Limited, buy the company report.
Board of directors of V S L Steels Limited
V S L Steels has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwas Udayasingh Lad | Director | 20 Sep 2019 | 7 Years 1 Months | Current |
| Vinay Eknath Lad | Whole-Time Director | 18 Mar 2006 | 20 Years 7 Months | Current |
| Eknath Vittal Rao Lad Also directs: V S L Land Developers and Constructions Private Limited | Managing Director | 28 Sep 2005 | 21 Years 0 Months | Current |
Auditor
V S L Steels Limited is audited by N.C.S Raghavan and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.C.S Raghavan and Co. | FY 2023 | 07335S |
Shareholding
The shareholding of V S L Steels 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of V S L Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2005 | 90059232 | State Bank of India; | ₹14.95 Cr | Satisfied | |
| 08 Sep 2004 | 90050881 | State Bank of Patiala | ₹5 Cr | Satisfied | |
| 08 Sep 2004 | 80036231 | State Bank of India | ₹10.5 Cr | Satisfied | |
| 08 Sep 2004 | 80036236 | State Bank of India | ₹169.25 Cr | Satisfied |
To see the full charge records of V S L Steels Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
V S L Steels Limited has 2 deals on record (2 acquisitions); the latest was in September 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Acquisition | ₹135 Cr | Buyer: Kirloskar Ferrous Industries Ltd Seller: V S L Steels Limited |
| Jul 2016 | Acquisition | ₹154.44 Cr | Buyer: Kirloskar Ferrous Industries Ltd Seller: V S L Steels Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
V S L Steels Limited has 20 court cases on record: 10 filed by V S L Steels, 10 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 9 | 1 |
| District courts | 9 | 1 | 2 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by M/S Paharpur Cooling Towers Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Trimurthi Exports | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by Commissioner of Central Excise Bengaluru - II Comissionerate, | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against M/S Trimurthi Exports | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S B C Infrastructure and Resource Company | Disposed |
To see the full case history of V S L Steels 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 V S L Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
V S L Steels Limited has a workforce of 2 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
V S L Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS1510N1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V S L Steels Limited, buy the company report.
Recent activity
V S L Steels Limited has 9 board changes on record since 2005: 3 appointments and 6 cessations. The latest: Ashwini Sethu Raman ceased to be Company Secretary on 30 Sep 2020.
9 earlier events are in the company report.
Frequently asked questions
V S L Steels is an active public limited company based in Bangalore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 November 2003 (23+ years old) and is registered under CIN U27109KA2003PLC058185.
V S L Steels has 3 current directors:
- Eknath Vittal Rao Lad - Managing Director
- Vinay Eknath Lad - Whole-Time Director
- Vishwas Udayasingh Lad - Director
The latest financial statements of V S L Steels 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 V S L Steels is 29AAICS1510N1Z4, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of V S L Steels is U27109KA2003PLC058185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V S L Steels has 20 court cases on record: 10 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
V S L Steels was incorporated on 25 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
V S L Steels has 2 deals on record (2 acquisitions); the latest was in September 2020.
Ashwini Sethu Raman ceased to be Company Secretary on 30 Sep 2020. Vishwas Udayasingh Lad ceased to be Additional Director on 30 Sep 2019. Raghavendra Ghodke ceased to be Director on 20 Sep 2019. V S L Steels has 9 board changes on record in total.
V S L Steels can be reached through the website slaadgroup.com. Its registered office is in Bangalore, Karnataka, India.