About Vishal Pipes Limited
Data last updated:
Vishal Pipes Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 21 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U26956WB1988PLC203452. Its GSTIN is 09AAACV3101G1ZR (Uttar Pradesh). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹13.85 Cr. It was formerly known as Vishal Pipes Udyog Private Limited and Vishal Pipes Udyog Limited. It is led by directors including Radhey Shyam Agrwal (Managing Director) and Vishal Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Room No. 7 11 Crooked Lane Near Raj Bhawan, Kolkata, West Bengal, India – 700069.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,228.35 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹20.55 Cr (net margin 1.7%) and EBITDA of ₹48.49 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 17% over five years.
The company has about 397 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vishal Pipes. As per MCA filings, the company has open charges of ₹392 Cr and satisfied charges of ₹335.93 Cr on record. Court records list 164 cases involving the company, including 148 filed by the company and 16 filed against it; 73 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 vishalpipes.com.
Company details
Name history
Vishal Pipes has undergone 2 name changes throughout its history. The company was previously known as Vishal Pipes Udyog Private Limited, and Vishal Pipes Udyog Limited. The current legal name is Vishal Pipes Limited.
| Company Name | Status |
|---|---|
| Vishal Pipes Limited | Current |
| Vishal Pipes Udyog Private Limited | Previous |
| Vishal Pipes Udyog Limited | Previous |
CIN history
Vishal Pipes has one previous CIN (Corporate Identification Number): U26956DL1988PLC030996. The current CIN is U26956WB1988PLC203452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26956WB1988PLC203452 | Current |
| U26956DL1988PLC030996 | Previous |
Contact details
Vishal Pipes Limited's registered office is in Kolkata, West Bengal. Its website is vishalpipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Room No. 7 11 Crooked Lane Near Raj Bhawan, Kolkata, West Bengal, India – 700069
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Vishal Pipes 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
Vishal Pipes operates one associated brand: Vishal Pipes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures steel pipes, tubes, poles, and fabrication for industrial use. | vishalpipes.com |
Business activity
The main business activities of Vishal Pipes are manufacturing and support service to organizations. In detail, this covers manufacture of fabricated metal products, except machinery and equipment and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 25 | Manufacture of fabricated metal products, except machinery and equipment | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Vishal Pipes Limited, buy the company report.
Financials of Vishal Pipes Limited
FY 2025 filings availableVishal Pipes Limited reported revenue of ₹1,228.35 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 38% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,228.35 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹48.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.55 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 Vishal Pipes Limited, buy the company report.
Board of directors of Vishal Pipes Limited
Vishal Pipes has 9 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Naveen Sinha | Director | 01 Jul 2023 | 3 Years 4 Months | Current |
| Vishal Agarwal Also directs: Vishal Neo Energy Private Limited | Whole-Time Director | 10 Jul 2007 | 19 Years 4 Months | Current |
| Rohit Singhal Also directs: Visionary Real Estate LLP | Whole-Time Director | 01 Aug 2008 | 18 Years 3 Months | Current |
| Radhey Shyam Agrwal Also directs: BR Green Industries Private Limited | Managing Director | 21 Mar 1988 | 38 Years 7 Months | Current |
| Meena Agarwal | Director | 20 Sep 2002 | 24 Years 1 Months | Current |
| Madhu Aggarwal Also directs: BR Green Industries Private Limited | Director | 10 Jul 2007 | 19 Years 4 Months | Current |
Auditor
Vishal Pipes Limited is audited by O. Aggarwal & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O. Aggarwal & Co. | FY 2025 | 005755N |
Shareholding
The shareholding of Vishal Pipes Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vishal Pipes Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2025 | 101080562 | Yes Bank Limited | ₹35 Cr | Open | |
| 26 Dec 2022 | 100670170 | State Bank of India | ₹233.5 Cr | Open | |
| 20 Jan 2022 | 100528035 | Hdfc Bank Limited | ₹123.5 Cr | Open | |
| 12 Feb 2022 | 100542127 | Others | ₹20 Cr | Satisfied | |
| 08 Aug 2019 | 100285222 | Axis Bank Limited | ₹7 Cr | Satisfied |
To see the full charge records of Vishal Pipes Limited, buy the company report.
Total charge records: 23 View all charges
Legal cases
Vishal Pipes Limited has 164 court cases on record: 148 filed by Vishal Pipes, 16 filed against it. 73 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 133 | 6 | 62 |
| High courts | 29 | 10 | 10 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 164)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed by the company against M/S Sheeraj Projects Pvt Ltd. | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed by the company against Amilionn Technologies Pvt Ltd | Pending |
| District court, North West, Delhi | Civil suit | Filed by the company against Rupc Enterprises Pvt Ltd | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed by the company against R R Enterprises | Pending |
| High Court of Delhi | Appeal | Filed against the company by M/S. H.S. Power Projects Pvt. Ltd. | Disposed |
To see the full case history of Vishal Pipes 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
Vishal Pipes Limited was last rated by Care on 08 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jul 2026 |
To see the full credit ratings and regulatory alerts of Vishal Pipes Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vishal Pipes Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vishal Pipes Limited has a workforce of 397 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 397 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vishal Pipes Limited, buy the company report.
GST
Vishal Pipes has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACV3101G1ZR | Uttar Pradesh | Active | 01 Jul 2017 |
| 07AAACV3101G2ZU | Delhi | Active | 02 Aug 2017 |
| 23AAACV3101G2Z0 | Madhya Pradesh | Active | 20 Sep 2017 |
| 24AAACV3101G1ZZ | Gujarat | Active | 01 Jan 2024 |
To see the full GST registrations and return filing status of Vishal Pipes Limited, buy the company report.
Recent activity
Vishal Pipes Limited has 23 board changes on record since 1988: 10 appointments and 13 cessations. The latest: Yashoaj Guglani was appointed as Additional Director on 01 Aug 2025.
65 earlier events are in the company report.
Frequently asked questions
Vishal Pipes is an active public limited company based in Kolkata, West Bengal, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 21 March 1988 (38+ years old) and is registered under CIN U26956WB1988PLC203452.
Vishal Pipes has 9 current directors:
- Radhey Shyam Agrwal - Managing Director
- Vishal Agarwal - Whole-Time Director
- Rohit Singhal - Whole-Time Director
- Kavish Aggarwal - Whole-Time Director
- Nirmal Kumar Agarwal - Whole-Time Director
- Sachin Naveen Sinha - Director
- Meena Agarwal - Director
- Madhu Aggarwal - Director
- Yashoaj Guglani - Additional Director
The latest financial statements of Vishal Pipes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vishal Pipes is 09AAACV3101G1ZR, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 07AAACV3101G2ZU (Delhi), 23AAACV3101G2Z0 (Madhya Pradesh), 24AAACV3101G1ZZ (Gujarat).
The CIN (Corporate Identification Number) of Vishal Pipes is U26956WB1988PLC203452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishal Pipes has 164 court cases on record: 148 filed by the company and 16 filed against it. 73 are pending. Most are in the district courts.
Vishal Pipes was incorporated on 21 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
Yashoaj Guglani was appointed as Additional Director on 01 Aug 2025. Ashish Kumar ceased to be CFO on 09 Aug 2024. Kavish Aggarwal ceased to be Additional Director on 29 Sep 2023. Vishal Pipes has 23 board changes on record in total.
Vishal Pipes can be reached through the website vishalpipes.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Vishal Pipes is at 1st Floor Room No. 7 11 Crooked Lane Near Raj Bhawan, Kolkata, West Bengal, India – 700069.
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