Vardhman Special Steels Limited - Company Profile

It is a metals and minerals public limited company based in Ludhiana, Punjab, India, established in 2010.

2010 Ludhiana, Punjab, India Active

Last Updated: February 02, 2026

About Vardhman Special Steels Limited

Vardhman Special Steels Limited, a active public limited company, was established on 14 May 2010 in Ludhiana, Punjab, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: L27100PB2010PLC033930. Registered under ROC Roc Chandigarh. it is listed on BSE: 534392 and NSE: VSSL. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹96.69 Cr.

It upholds a compliant status. In 2022, it reported revenue of ₹1,397.35 Cr and a net worth of ₹554.96 Cr. Employing 1,517 professional, Its leadership includes Nishant Arya (Director), Rajinder Kumar Jain (Director), Soumya Jain (Whole-Time Director). Past directors included Nishant Arya, Prafulbhai Anubhai Shah, Rajinder Kumar Jain. It holds ₹500.00 Cr open charges and ₹443.75 Cr settled loans. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. It is based at Vardhman Premises Chandigarh Road, Ludhiana, Punjab, 141010.

Company Details

CIN/LLPIN
L27100PB2010PLC033930
Registration Number
033930
Incorporation Date
14 May 2010
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹96.69 Cr
ROC Code
Roc Chandigarh
Listing Status
Listed (BSE: 534392, NSE: VSSL)
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 02-02-2026
Paid Up Capital ₹ 96.69 Cr as on 02-02-2026
Company Age 15 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 500.00 Cr as on 02-02-2026
Satisfied Charges ₹ 443.75 Cr as on 02-02-2026
Revenue Growth **** 6.05% (FY 2025)
Profit Growth **** 1.59% (FY 2025)
Ebitda **** 3.93% (FY 2025)
Net Worth 10.92% (FY 2025)
Total Assets **** 9.26% (FY 2025)

Comprehensive Company Insights

Explore comprehensive insights into Vardhman Special Steels Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Vardhman Special Steels Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nishant Arya	Director	25 Sep 2025	Current
Rajinder Kumar Jain	Director	15 Mar 2011	Current
Soumya Jain	Whole-Time Director	02 Aug 2023	Current
Rakesh Naginchand Jain	Director	27 Apr 2018	Current
Toshio Ito	Director	25 Jul 2022	Current
Suman Chatterjee	Director	25 Jul 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	09 Dec 2025	Past
Pramod Abcsdd	Director	05 Nov 2017	Past
Pramod Abcsdd	Additional Director	23 Jul 2011	Past
Pramod Abcsdd	Additional Director	26 Sep 2023	Past
Pramod Abcsdd	Additional Director	20 Sep 2019	Past
Pramod Abcsdd	Additional Director	20 Sep 2019	Past

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Financial Performance of Vardhman Special Steels.

Vardhman Special Steels Limited, for the financial year ended 2025, experienced modest growth in revenue, with a 6.05% increase. The company also saw a slight improvement in profitability, with a 1.59% increase in profit. The company's net worth Soared by an impressive increase of 10.92%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

6.05%

*******

Revenue from Operations

*******

6.20%

*******

Total Assets

*******

9.26%

*******

Profit or Loss

*******

1.59%

*******

Net Worth

*******

10.92%

*******

EBITDA

*******

3.93%

*******

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What is the Ownership and Shareholding Structure of Vardhman Special Steels?

In 2024, Vardhman Special Steels had a promoter holding of 60.56% and a public holding of 39.44%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹5,000,000,000.00

Satisfied Charges

₹4,437,483,000.00

Charges Breakdown by Lending Institutions

Others : 500.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
25 May 2011	Others	₹500.00 Cr	Open
28 Jun 2019	Hdfc Bank Limited	₹40.00 Cr	Satisfied
23 Jan 2019	Others	₹75.00 Cr	Satisfied
29 Oct 2015	State Bank Of India	₹65.00 Cr	Satisfied
29 Oct 2015	State Bank Of India	₹28.00 Cr	Satisfied

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How Many Employees Work at Vardhman Special Steels?

Vardhman Special Steels has a workforce of 1517 employees as of Feb 02, 2026. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Vardhman Special Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vardhman Special Steels's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Vardhman Special Steels

Recent Activity within the Organization

Director Appointment

Nishant Arya was appointed as a Director was appointed as a Director on 25 Sep 2025 & has been associated with this company since 4 months 19 days . was recorded as a recent event.
25 Sep 2025
Director Appointment

Dinkar Gupta was appointed as a Director was appointed as a Director on 25 Sep 2025 & has been associated with this company since 4 months 19 days . was recorded as a recent event.
25 Sep 2025
Annual General Meeting

Vardhman Special Steels Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was recorded as a recent event.
24 Sep 2025
Charges

A charge registered on 28 Jun 2019 via Charge ID 100274300 with Hdfc Bank Limited was fully satisfied on 30 Jul 2025. was recorded as a recent event.
30 Jul 2025
Director Appointment

The activity Koichiro Hayashida was appointed as a Director was appointed as a Director on 04 Jul 2025 & has been associated with this company since 7 months 10 days . was completed.
04 Jul 2025
Charges

The activity A charge registered on 23 Jan 2019 via Charge ID 100237015 with Others was fully satisfied on 01 Jul 2025. was completed.
01 Jul 2025

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