About Vandana Global Limited
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Vandana Global Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 12 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH1996PLC219948. Its GSTIN is 22AAACV2018E1Z1 (Chhattisgarh). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹156.5 Cr and a paid-up capital of ₹13.91 Cr. It was formerly known as Vandana Global Private Limited. It is led by directors including Vijit Kumar Agrawal (Managing Director) and Nirmalkumar Narayan Chaudhary (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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,061.45 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹28.61 Cr (net margin 2.7%) and EBITDA of ₹56.25 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 4% over five years.
The company has about 571 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 2 joint ventures.
The company is associated with 2 brands: Tmt Next and Vandana Global Limited. As per MCA filings, the company has open charges of ₹595 Cr and satisfied charges of ₹1,286.61 Cr on record. Court records list 166 cases involving the company, including 108 filed by the company and 58 filed against it; 29 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tmtnext.com.
Company details
CIN history
Vandana Global has one previous CIN (Corporate Identification Number): U51101CT1996PLC010490. The current CIN is U51101MH1996PLC219948, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101MH1996PLC219948 | Current |
| U51101CT1996PLC010490 | Previous |
Contact details
Vandana Global Limited's registered office is in Mumbai, Maharashtra. Its website is tmtnext.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No.602 Poonams Apartment N.S Road No. 11 Plot No.23 J.V.P.D. Scheme Juhu Vile Par, Le (West), Mumbai, Maharashtra, India – 400049
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Vandana Global 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
Vandana Global operates two associated brands: TMT NEXT and Vandana Global Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vandana Global Limited is an Indian steel and metals manufacturer producing sponge iron, billets, TMT bars, wire rods, pig iron and ferro alloys. | vandanaglobal.com | |
| Manufacturing of TMT bars, Sponge Iron, and related products in India. | tmtnext.com |
Business activity
The main business activity of Vandana Global 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 Vandana Global Limited, buy the company report.
Financials of Vandana Global Limited
FY 2024 filings availableVandana Global Limited reported revenue of ₹1,061.45 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 6% 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 | ₹56.25 Cr | ||||
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| Net Profit (PAT) | ₹28.61 Cr | ||||
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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 | 5.3% | ||||
| Net Profit Margin | 2.7% | ||||
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To see the full financial statements and ratios of Vandana Global Limited, buy the company report.
Board of directors of Vandana Global Limited
Vandana Global has 5 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ruchita Raju Burde | Director | 09 Nov 2022 | 3 Years 11 Months | Current |
| Manish Kumar Agrawal Also directs: Arham Technologies Limited, Obcl Limited | Director | 09 Dec 2022 | 3 Years 10 Months | Current |
| Vijit Kumar Agrawal | Managing Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Ankit Jhabak | Director | 31 Oct 2022 | 4 Years 0 Months | Current |
| Nirmalkumar Narayan Chaudhary Also directs: Raipur Infrastructure Company Limited | Whole-Time Director | 01 Nov 2023 | 3 Years 0 Months | Current |
Peer comparison
Vandana Global Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Agni Steels Private Limited | ₹1,079.79 Cr (FY 2025) | 2.0% | Erode, Tamil Nadu, India | |||
| Mangalam Worldwide Limited | ₹1,066.03 Cr (FY 2025) | 30.0% | Ahmedabad, Gujarat, India | |||
| Sakthi Steel Industries Limited | ₹1,065.79 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| Rama Steel Tubes Limited | ₹1,064.82 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Vandana Global Limitedthis company | ₹1,061.45 Cr (FY 2025) | ₹28.61 Cr | 2.7% | -2.0% | 571 | Mumbai, Maharashtra, India |
| Bombay Coated and Special Steels Limited | ₹1,058.65 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Maa Kudargarhi Power and Ispat Private Limited | ₹1,058.63 Cr (FY 2025) | 63.0% | Raipur, Chhattisgarh, India | |||
| Hero Steels Limited | ₹1,056.97 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Vishal Precision Steel Tubes and Strips Private Limited | ₹1,054.9 Cr (FY 2025) | 66.0% | Hoskote, Karnataka, India | |||
| MGM Minerals Limited | ₹1,048.19 Cr (FY 2025) | -16.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Vandana Global Limited, buy the company report.
Auditor
Vandana Global Limited is audited by BAMB TAORI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAMB TAORI & CO. | FY 2023 | 002026C |
Shareholding
The shareholding of Vandana Global 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 Vandana Global Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2022 | 100585069 | Others | ₹8.24 Cr | Open | |
| 16 Mar 2022 | 100553955 | Idbi Bank Limited | ₹12.06 Cr | Open | |
| 11 Mar 2022 | 100559664 | Indian Overseas Bank | ₹18.51 Cr | Open | |
| 30 Dec 2021 | 100535631 | Others | ₹34.95 Cr | Open | |
| 12 Dec 2019 | 100309097 | Others | ₹23.25 Cr | Open |
To see the full charge records of Vandana Global Limited, buy the company report.
Total charge records: 47 View all charges
Legal cases
Vandana Global Limited has 166 court cases on record: 108 filed by Vandana Global, 58 filed against it. 29 cases are pending and 137 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 85 | 25 | 10 |
| District courts | 73 | 28 | 16 |
| Supreme Court | 8 | 5 | 3 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHHATTISGARH | Writ petition | Filed by the company against Coal India Limited, and 3 others | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Nova Industrial Solutions Pvt. Ltd. | Pending |
| High Court, CHHATTISGARH | Writ petition | Filed by the company against South Eastern Coalfields Limited, and 4 others | Pending |
| Supreme Court | Court case (0421-Indirect Taxes Matters : Interpretation of other notifications under Central Excise Act) | Filed by the company against Odisha Mining Corporation Limited Represented Through Its Managing Director Represented Through Its Managing Director Omc House, Bhubaneswar ,Khordha * , Orissa and 1 other | Pending |
| High Court, CHHATTISGARH | Court case (MCC) | Filed by the company against Coal India Limited, and 3 others | Disposed |
To see the full case history of Vandana Global 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.
Credit ratings & regulatory alerts
Vandana Global Limited was last rated by Acuite on 07 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 07 Jul 2026 |
To see the full credit ratings and regulatory alerts of Vandana Global Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vandana Global Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vandana Global has 1 subsidiary company, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vandana Charitable Foundation | U85300CT2021NPL011654 |
To see the full group structure of Vandana Global Limited, buy the company report.
Employees & EPFO
Vandana Global Limited has a workforce of 571 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Vandana Global has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAACV2018E1Z1 | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vandana Global Limited, buy the company report.
Recent activity
Vandana Global Limited has 32 board changes on record since 2009: 7 appointments and 25 cessations. The latest: Suresh Kumar Agrawal ceased to be CFO on 31 Oct 2024.
129 earlier events are in the company report.
Frequently asked questions
Vandana Global is an active public limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 12 February 1996 (30+ years old) and is registered under CIN U51101MH1996PLC219948.
Vandana Global has 5 current directors:
- Vijit Kumar Agrawal - Managing Director
- Nirmalkumar Narayan Chaudhary - Whole-Time Director
- Ruchita Raju Burde - Director
- Manish Kumar Agrawal - Director
- Ankit Jhabak - Director
The latest financial statements of Vandana Global 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 Vandana Global is 22AAACV2018E1Z1, registered in Chhattisgarh. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of Vandana Global is U51101MH1996PLC219948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vandana Global has 166 court cases on record: 108 filed by the company and 58 filed against it. 29 are pending. Most are in the high courts.
Vandana Global was incorporated on 12 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vandana Global by revenue are Agni Steels Private Limited, Mangalam Worldwide Limited, Sakthi Steel Industries Limited, Rama Steel Tubes Limited, Bombay Coated and Special Steels Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Suresh Kumar Agrawal ceased to be CFO on 31 Oct 2024. Nirmalkumar Narayan Chaudhary was appointed as Whole-Time Director on 01 Nov 2023. Gopal Prasad Agrawal ceased to be Managing Director on 05 Sep 2023. Vandana Global has 32 board changes on record in total.
Vandana Global can be reached through the website tmtnext.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vandana Global is at Flat No.602 Poonams Apartment N.S Road No. 11 Plot No.23 J.V.P.D. Scheme Juhu Vile Par, Le West, Mumbai, Maharashtra, India – 400049.
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