About Vadraj Cement Limited
Data last updated:
Vadraj Cement Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Simcement Private Limited. 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 cement and cement products segment of the manufacturing sector. It was incorporated on 26 February 1996.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36941MH1996PLC185707. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹2,000 Cr. It is led by directors including Manisha Ranjit Kelkar (Whole-Time Director) and Maneesh Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹90.16 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹558.17 Cr and EBITDA of -₹99.52 Cr (EBITDA margin -110.4%).
The company has about 194 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: ABG Cement. As per MCA filings, the company has open charges of ₹10,843 Cr on record. Court records list 144 cases involving the company, including 50 filed by the company and 94 filed against it; 23 cases are pending. The company has 20 deals on record (9 secondary share transfers, 7 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹3,638.07 Cr; the latest was in March 2026.
The last known website on record is vadrajcement.com.
Company details
CIN history
Vadraj Cement has one previous CIN (Corporate Identification Number): U36941GJ1996PLC028908. The current CIN is U36941MH1996PLC185707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36941MH1996PLC185707 | Current |
| U36941GJ1996PLC028908 | Previous |
Contact details
Vadraj Cement Limited's registered office is in Mumbai, Maharashtra. Its website is vadrajcement.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Lloyds Centre Point Appasaheb Marathe Marg, Prabhadevi India, Mumbai, Maharashtra, India – 400025
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Vadraj Cement 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
Brands
Vadraj Cement operates one associated brand: ABG Cement. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Portland cement is manufactured by ABG Cement in Mumbai, India. | abgcement.com |
Business activity
The main business activity of Vadraj Cement is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Vadraj Cement Limited, buy the company report.
Financials of Vadraj Cement Limited
FY 2017 filings availableVadraj Cement Limited reported revenue of ₹90.16 Cr (up 313% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 313% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹90.16 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹99.52 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹558.17 Cr | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -110.4% | ||
| Net Profit Margin | |||
| 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 | |||
To see the full financial statements and ratios of Vadraj Cement Limited, buy the company report.
Board of directors and KMP of Vadraj Cement Limited
Vadraj Cement Limited currently reports 4 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Zade | Nominee Director | 14 Jul 2017 | 9 Years 3 Months | As last reported |
| Shruta Jatin Sanghavi Also directs: Nu Vista Limited | Cfo | 21 Jun 2025 | 1 Years 4 Months | As last reported |
| Maneesh Agarwal Also directs: Wardha Vaalley Coal Field Private Limited, Nu Vista Limited, Vadraj Energy (Gujarat) Limited and 1 more | Director | 06 May 2025 | 1 Years 5 Months | As last reported |
| Jayakumar Krishnaswamy Also directs: Nu Vista Limited, Vadraj Energy (Gujarat) Limited, Algebra Endeavour Private Limited and 1 more | Director | 21 Jun 2025 | 1 Years 4 Months | As last reported |
| Manisha Ranjit Kelkar Also directs: Vadraj Energy (Gujarat) Limited, Algebra Endeavour Private Limited | Whole-Time Director | 21 Jun 2025 | 1 Years 4 Months | As last reported |
Auditor
Vadraj Cement Limited is audited by Nisar & Kumar for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nisar & Kumar | FY 2017 | 107117W |
Shareholding
The shareholding of Vadraj Cement Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vadraj Cement Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2018 | 100188578 | Others | ₹160 Cr | Open | |
| 01 Mar 2018 | 100167254 | Others | ₹370 Cr | Open | |
| 28 Sep 2016 | 100053228 | Others | ₹3,103.89 Cr | Open | |
| 24 Sep 2015 | 10597105 | Central Bank of India | ₹22 Cr | Open | |
| 29 Jun 2015 | 10600729 | Central Bank of India | ₹50 Cr | Open |
To see the full charge records of Vadraj Cement Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Vadraj Cement Limited has 20 deals on record (9 secondary share transfers, 7 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹3,638.07 Cr; the latest was in March 2026.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round | ₹508.66 Cr | Investors: Nuvoco Vistas Corporation Limited |
| Jun 2025 | Funding round | ₹100 Cr | Investors: Vanya Corporation Private Limited , Vanya Corporation Private Limited & Vatsal Rameshchandra Vaishnav, Vanya Corporation Private Limited & Ajay Bhushanlal Khushu |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: DCB Bank Limited Seller: Abg Cement Holdco Private Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Asset Reconstruction Company Limited Seller: Ecl Finance Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Ecl Finance Limited Seller: Baba Gangaram Investment Services Private Limited |
To see the full deal history of Vadraj Cement 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
Vadraj Cement Limited has 144 court cases on record: 50 filed by Vadraj Cement, 94 filed against it. 23 cases are pending and 121 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 83 | 37 | 7 |
| District courts | 36 | 34 | 6 |
| NCLT | 10 | 10 | 2 |
| NCLAT | 10 | 10 | 8 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 144)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Nuvoco Vistas Corporation Limited | Pending |
| Bombay High Court | Court case (REVN) | Filed against the company by Il and FS Financial Services Ltd | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Beumer Technology India Pvt Ltd (Petitioner) and 12 others | Pending |
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by M/S Il and FS Engineering and Construction Company Ltd., | Pending |
| High Court, MAHARASHTRA | Court case (APEAL) | Filed against the company by Il and FS Financial Services Limited | Disposed |
To see the full case history of Vadraj Cement 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 Vadraj Cement Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vadraj Cement has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Abg Energy (Gujarat) Limited | U40100GJ2009PLC058694 |
To see the full group structure of Vadraj Cement Limited, buy the company report.
Employees & EPFO
Vadraj Cement Limited has a workforce of 194 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Vadraj Cement has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vadraj Cement Limited, buy the company report.
Recent activity
Vadraj Cement Limited has 28 board changes on record since 2008: 5 appointments and 23 cessations. The latest: Jayakumar Krishnaswamy was appointed as Director on 21 Jun 2025.
39 earlier events are in the company report.
News
Frequently asked questions
Vadraj Cement 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.
Vadraj Cement is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 26 February 1996 and is registered under CIN U36941MH1996PLC185707. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vadraj Cement has 5 current directors and KMP:
- Manisha Ranjit Kelkar - Whole-Time Director
- Atul Zade - Nominee Director
- Maneesh Agarwal - Director
- Jayakumar Krishnaswamy - Director
- Shruta Jatin Sanghavi - Cfo
The latest financial statements of Vadraj Cement on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vadraj Cement is U36941MH1996PLC185707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vadraj Cement has open charges of ₹10,843 Cr and no satisfied charges on record as per latest MCA filings.
Vadraj Cement has 144 court cases on record: 50 filed by the company and 94 filed against it. 23 are pending. Most are in the high courts.
Vadraj Cement was incorporated on 26 February 1996. It is registered with the Registrar of Companies, Mumbai.
Vadraj Cement has 20 deals on record (9 secondary share transfers, 7 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹3,638.07 Cr; the latest was in March 2026.
Jayakumar Krishnaswamy was appointed as Director on 21 Jun 2025. Manisha Ranjit Kelkar was appointed as Whole-Time Director on 21 Jun 2025. Shruta Jatin Sanghavi was appointed as CFO on 21 Jun 2025. Vadraj Cement has 28 board changes on record in total.