About Venus Wire Industries Private Limited.
Data last updated:
Venus Wire Industries Private Limited. is a private limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31300MH1990PTC055812. Its GSTIN is 27AAACV1421F1ZS (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹59.04 Lakh. It was formerly known as Venus Wire Industries Limited. It is led by directors including Hitesh Babulal Bohra and Ghevarchand Sanghvi Raghunathmalji.
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 2024, the company reported a revenue of ₹745.69 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹47.22 Cr (net margin 6.3%) and EBITDA of ₹72.48 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 102% over three years and 54% over five years.
The company has about 199 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Venus Wires. As per MCA filings, the company has open charges of ₹181.49 Cr and satisfied charges of ₹189.63 Cr on record. Court records list 38 cases involving the company, including 14 filed by the company and 24 filed against it; 7 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in July 2023. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Ambashakti Udyog Limited with revenue of ₹750.97 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website venuswires.com.
Company details
Contact details
Venus Wire Industries Private Limited.'s registered office is in Mumbai, Maharashtra. Its website is venuswires.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Mehta Mahal Plot No.15 Mathew Road Padmakar L Khandke Marg Opera House Gi, Rgaon, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Venus Wire Industries Private 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
Venus Wire Industries Private Limited operates one associated brand: Venus Wires. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of stainless steel wires and bars in India. | venuswires.com |
Business activity
The main business activity of Venus Wire Industries Private Limited 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 Venus Wire Industries Private Limited., buy the company report.
Financials of Venus Wire Industries Private Limited.
FY 2024 filings availableVenus Wire Industries Private Limited. reported revenue of ₹745.69 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA fell 43% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹72.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹47.22 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 6.3% | ||||
| 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 Venus Wire Industries Private Limited., buy the company report.
Board of directors of Venus Wire Industries Private Limited.
Venus Wire Industries Private Limited has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Babulal Bohra | Director | 10 Dec 2005 | 20 Years 10 Months | Current |
| Ghevarchand Sanghvi Raghunathmalji Also directs: Indon Labs LLP, Precision Special Metals LLP, Atlas Stainless Corporation Private Limited and 1 more | Director | 15 Mar 1990 | 36 Years 7 Months | Current |
| Haresh Babulal Bohra | Director | 08 May 2023 | 3 Years 5 Months | Current |
| Ghaverchand Parasmal Bohra Also directs: Shivkartik Infra Developers LLP, Ventana Speciality Private Limited, Hindustan Inox Limited and 3 more | Director | 15 Mar 1990 | 36 Years 7 Months | Current |
| Sadashiv Shetty | Director | 07 Jan 2020 | 6 Years 9 Months | Current |
| Motilal Parasmal Bohra | Director | 15 Mar 1990 | 36 Years 7 Months | Current |
Peer comparison
Venus Wire Industries Private Limited. is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Ambashakti Udyog Limited | ₹750.97 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| R. P. Multimetals Limited | ₹745.97 Cr (FY 2025) | -18.0% | Amloh (P), Punjab, India | |||
| Oasis Enterprises Private Limited | ₹745.8 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Venus Wire Industries Private Limited.this company | ₹745.69 Cr (FY 2024) | ₹47.22 Cr | 6.3% | -17.0% | 199 | Mumbai, Maharashtra, India |
| Supershakti Metaliks Limited | ₹744.66 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Shah Foils Limited | ₹744.12 Cr (FY 2025) | -21.0% | Ahmedabad, Gujarat, India | |||
| Shivam Iron & Steel Company Limited | ₹742.68 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Vardhman Adarsh Ispat Private Limited | ₹740.13 Cr (FY 2025) | 40.0% | New Delhi, Delhi, India | |||
| Mangala Ispat (Jaipur) Limited | ₹738.28 Cr (FY 2025) | 17.0% | Amber, Rajasthan, India |
To see the full peer comparison of Venus Wire Industries Private Limited., buy the company report.
Auditor
Venus Wire Industries Private Limited. is audited by M. C. DOSHI & CO., CHARTERED ACOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. C. DOSHI & CO., CHARTERED ACOUNTANTS | FY 2023 | 102731W |
Shareholding
The shareholding of Venus Wire Industries Private 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 Venus Wire Industries Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2024 | 100896392 | Others | ₹25 Cr | Open | |
| 24 Mar 2021 | 100433660 | Others | ₹75 Cr | Open | |
| 29 Oct 2018 | 100249451 | Dena Bank | ₹66 Cr | Open | |
| 14 Feb 2000 | 90242259 | Centurian Bank Limited | ₹15.49 Cr | Open | |
| 16 Jun 2022 | 100601367 | Hdfc Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of Venus Wire Industries Private Limited., buy the company report.
Total charge records: 22 View all charges
Deals & funding
Venus Wire Industries Private Limited. has 5 deals on record (5 secondary share transfers); the latest was in July 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Venus Wire Industries Private Limited. has 38 court cases on record: 14 filed by Venus Wire Industries Private Limited, 24 filed against it. 7 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 16 | 4 |
| District courts | 10 | 8 | 3 |
| Supreme Court | 5 | 0 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by M/S Cholamandalam Ms General Insurance Company Limited. | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.G) | Filed against the company | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Commissioner of Central Excise | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.I) | Filed against the company | Pending |
To see the full case history of Venus Wire Industries Private 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
Venus Wire Industries Private Limited. has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Venus Wire Industries Private Limited., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Venus Wire Industries Private Limited. has a workforce of 199 employees on its EPFO records as of Nov 25, 2024, across 1 active EPFO establishment.
GST
Venus Wire Industries Private Limited has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV1421F1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venus Wire Industries Private Limited., buy the company report.
Recent activity
Venus Wire Industries Private Limited. has 9 board changes on record since 1990: 7 appointments and 2 cessations. The latest: Haresh Babulal Bohra ceased to be Additional Director on 29 Sep 2023.
52 earlier events are in the company report.
Frequently asked questions
Venus Wire Industries Private Limited is an active private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 March 1990 (36+ years old) and is registered under CIN U31300MH1990PTC055812.
Venus Wire Industries Private Limited has 7 current directors:
- Hitesh Babulal Bohra - Director
- Ghevarchand Sanghvi Raghunathmalji - Director
- Haresh Babulal Bohra - Director
- Ghaverchand Parasmal Bohra - Director
- Sadashiv Shetty - Director
- Motilal Parasmal Bohra - Director
- Babulal Parasmal Bohra - Director
The latest financial statements of Venus Wire Industries Private Limited 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 Venus Wire Industries Private Limited is 27AAACV1421F1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Venus Wire Industries Private Limited is U31300MH1990PTC055812. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venus Wire Industries Private Limited has 38 court cases on record: 14 filed by the company and 24 filed against it. 7 are pending. Most are in the high courts.
Venus Wire Industries Private Limited was incorporated on 15 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Venus Wire Industries Private Limited has 5 deals on record (5 secondary share transfers); the latest was in July 2023.
The peers of Venus Wire Industries Private Limited by revenue are Ambashakti Udyog Limited, R. P. Multimetals Limited, Oasis Enterprises Private Limited, Supershakti Metaliks Limited, Shah Foils Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Haresh Babulal Bohra ceased to be Additional Director on 29 Sep 2023. Haresh Babulal Bohra was appointed as Director on 08 May 2023. Sadashiv Shetty ceased to be Additional Director on 31 Dec 2020. Venus Wire Industries Private Limited has 9 board changes on record in total.
Venus Wire Industries Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 Oct 2022.
Venus Wire Industries Private Limited can be reached through the website venuswires.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
