About V S L Steels Limited
Data last updated:
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. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Adar Metalcoats Private Limited with revenue of ₹9.3 Lakh.
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.
CIN History of V S L Steels Limited
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 |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address#539 Ashwini Complex 4th Floor Cmh Road Indiranagar Hal 2nd Stage, Bangalore, Karnataka, India – 560038
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of V S L Steels Limited
The main business activity of V S L Steels is manufacturing. In detail, this covers manufacture of basic metals.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of V S L Steels Limited FY 2024 filings available
V S L Steels Limited reported revenue of ₹9.17 Lakh (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of V S L Steels Limited
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 of V S L Steels Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹37.82 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹37.82 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of V S L Steels Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -412.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -412.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of V S L Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 |
Peer Comparison of V S L Steels Limited
V S L Steels Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adar Metalcoats Private Limited | ₹9.3 Lakh (FY 2024) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| Inspire Steel and Power Private Limited | ₹9.26 Lakh (FY 2024) | •••• | •••• | 64.0% | •••• | Coimbatore, Tamil Nadu, India |
| Crosslink Steel Engineering Private Limited | ₹9.25 Lakh (FY 2020) | •••• | •••• | -62.0% | •••• | Nashik, Maharashtra, India |
| Steel Furnace Association of India | ₹9.21 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Saharsa Steel Alloy Limited | ₹9.19 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Santhal Paraganas, Jharkhand, India |
| V S L Steels Limited this company | ₹9.17 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Bangalore, Karnataka, India |
| Interdril Asia Limited | ₹9.15 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| GG Steel Builder & Developers Private Limited | ₹9.12 Lakh (FY 2017) | •••• | •••• | •••• | Barabanki, Uttar Pradesh, India | |
| Veerprabhu Steels Private Limited | ₹9.07 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Jodhpur, Rajasthan, India |
| Arumand Steel Industries Private Limited | ₹9.07 Lakh (FY 2024) | •••• | •••• | -80.0% | •••• | New Delhi, Delhi, India |
| Steel City Beverages Private Limited | ₹9.07 Lakh (FY 2024) | •••• | •••• | 239.0% | •••• | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below V S L Steels by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of V S L Steels Limited
V S L Steels Limited is audited by N.C.S Raghavan and Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.C.S Raghavan and Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of V S L Steels Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of V S L Steels Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Aug 2005 | State Bank of India; | ₹14.95 Cr | Satisfied |
| 08 Sep 2004 | State Bank of Patiala | ₹5 Cr | Satisfied |
| 08 Sep 2004 | State Bank of India | ₹10.5 Cr | Satisfied |
| 08 Sep 2004 | State Bank of India | ₹169.25 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of V S L Steels Limited
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 |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of V S L Steels Limited
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 |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at V S L Steels Limited
V S L Steels Limited has a workforce of 2 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on V S L Steels Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for V S L Steels Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by V S L Steels Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of V S L Steels Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of V S L Steels Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of V S L Steels Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about V S L Steels Limited
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 reported revenue of ₹9.17 Lakh for FY 2025 (down 65% YoY).
V S L Steels has 3 current directors:
- Eknath Vittal Rao Lad - Managing Director
- Vinay Eknath Lad - Whole-Time Director
- Vishwas Udayasingh Lad - Director
V S L Steels reported a net loss of ₹37.82 Lakh (net margin -412.4%) and EBITDA of -₹37.82 Lakh (EBITDA margin -412.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of V S L Steels is -74% over three years and 31% over five years. In the latest year (FY 2025) revenue fell 65%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of V S L Steels by revenue are Adar Metalcoats Private Limited, Inspire Steel and Power Private Limited, Crosslink Steel Engineering Private Limited, Steel Furnace Association of India, Saharsa Steel Alloy Limited and 5 more, all in the Metals and Minerals industry (Steel).