About Vision Sponge Iron Private Limited
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Vision Sponge Iron Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U94315WB2002PTC094315. Its GSTIN is 19AABCV4791R1ZC (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.51 Cr. It is led by directors including Sandeep Jhunjhunwala and Dhruv Jhunjhunwala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 227 A J C Bose Road 3 Rdfloor 5E Block, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2025, the company reported a revenue of ₹462.48 Cr. For the same year it recorded a net profit of ₹11.5 Cr (net margin 2.5%) and EBITDA of ₹21.02 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 361 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vision Sponge Iron. As per MCA filings, the company has open charges of ₹166 Cr and satisfied charges of ₹406.69 Cr on record. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it; 4 cases are pending. The company has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹45.39 Cr; the latest was in July 2024. Its 6 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 3 smaller; the largest is Dindigul Steel Rolling Mills Private Limited with revenue of ₹470.78 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 475 overdue payments to 92 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 visionsponge.com.
Company details
Contact details
Vision Sponge Iron Private Limited's registered office is in Kolkata, West Bengal. Its website is visionsponge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address227 A J C Bose Road 3 Rdfloor 5E Block, Kolkata, West Bengal, India – 700020
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Vision Sponge Iron 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
Vision Sponge Iron operates one associated brand: Vision Sponge Iron. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron and steel production, including sponge iron and billets, with a focus on sustainability and integrated manufacturing in India. | visionsponge.com |
Business activity
The main business activity of Vision Sponge Iron 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 Vision Sponge Iron Private Limited, buy the company report.
Financials of Vision Sponge Iron Private Limited
FY 2024 filings availableVision Sponge Iron Private Limited reported revenue of ₹462.48 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years. EBITDA fell 30% 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 | ₹21.02 Cr | ||||
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| Net Profit (PAT) | ₹11.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Vision Sponge Iron Private Limited, buy the company report.
Board of directors of Vision Sponge Iron Private Limited
Vision Sponge Iron has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Jhunjhunwala Also directs: Gopal Electronic Industries Pvt Ltd, Sonar Bangla Developers Private Limited, Vedic City Real Eastate Private Limited and 2 more | Director | 20 Nov 2023 | 2 Years 11 Months | Current |
| Dhruv Jhunjhunwala Also directs: Sonar Bangla Developers Private Limited, Vedic City Real Eastate Private Limited, Fidelity Market & Fincap Pvt. Ltd. and 3 more | Director | 24 Apr 2024 | 2 Years 6 Months | Current |
| Siddhartha Jhunjhunwala Also directs: Tara Silk Pvt.Ltd., Bengal Enclave Private Limited, City Mart Departmental Private Limited and 4 more | Director | 02 May 2008 | 18 Years 5 Months | Current |
| Shikha Jhunjhunwala | Director | 24 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Vision Sponge Iron Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Dindigul Steel Rolling Mills Private Limited | ₹470.78 Cr (FY 2025) | -3.0% | Dindigul, Tamil Nadu, India | |||
| Orissa Sponge Iron and Steel Limited | ₹463.17 Cr (FY 2025) | 225.0% | Keonjhar, Odisha, India | |||
| NR Steel and Ferro Private Limited | ₹463.16 Cr (FY 2024) | 28.0% | Raigarh, Chhattisgarh, India | |||
| Vision Sponge Iron Private Limitedthis company | ₹462.48 Cr (FY 2025) | ₹11.5 Cr | 2.5% | 361 | Kolkata, West Bengal, India | |
| Triveni Smelters Private Limited | ₹460.57 Cr (FY 2025) | 52.0% | Patna, Bihar, India | |||
| Maan Concast Private Limited | ₹458.29 Cr (FY 2025) | -22.0% | Kolkata, West Bengal, India | |||
| Tempel Precision Metal Products India Private Limited | ₹458.18 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Vision Sponge Iron Private Limited, buy the company report.
Auditor
Vision Sponge Iron Private Limited is audited by R S P M & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S P M & Co | FY 2023 | 315091E |
Shareholding
The shareholding of Vision Sponge Iron 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vision Sponge Iron Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2010 | 10234437 | State Bank of India | ₹166 Cr | Open | |
| 28 Aug 2013 | 10449686 | State Bank of Hyderabad | ₹6.5 Cr | Satisfied | |
| 08 Aug 2013 | 10443060 | State Bank of Travancore | ₹15 Cr | Satisfied | |
| 01 Mar 2012 | 10342089 | Bank of Baroda | ₹8 Cr | Satisfied | |
| 29 Feb 2012 | 10342724 | Indian Overseas Bank | ₹5 Cr | Satisfied |
To see the full charge records of Vision Sponge Iron Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Vision Sponge Iron Private Limited has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹45.39 Cr; the latest was in July 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹4 Cr | Investors: Bengal Enclave Private Limited |
| Feb 2010 | Secondary share transfer | Undisclosed | Buyer: Tara Silk Pvt.Ltd. Seller: Grace Dealers Private Limited , Syntex Traders Private Limited |
| Feb 2010 | Secondary share transfer | Undisclosed | Buyer: Grace Dealers Private Limited , Syntex Traders Private Limited Seller: Icicon Distributors Pvt.Ltd. , Toyoma Exports Pvt Ltd |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ujjal Merchandise Pvt Ltd , Rashraj Plastics Pvt. Ltd. , Britex Financial Services Pvt.Ltd. |
| Mar 2008 | Funding round | ₹39.55 Cr | Investors: Fidelity Market Fincap Private Limited, Nirmal Viniyog Pvt.Ltd. , Sonar Bangla Developers Private Limited |
To see the full deal history of Vision Sponge Iron Private 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
Vision Sponge Iron Private Limited has 15 court cases on record: 3 filed by Vision Sponge Iron, 12 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 4 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Anr | Disposed |
| District court, Calcutta, West Bengal | Criminal case | Filed against the company by Registrar of Companies | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court | Writ petition | Filed by the company against The State of West Bengal & Ors. | Disposed |
To see the full case history of Vision Sponge Iron 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.
Credit ratings & regulatory alerts
Vision Sponge Iron Private Limited was last rated by Brickwork on 03 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 03 Jun 2022 |
To see the full credit ratings and regulatory alerts of Vision Sponge Iron Private Limited, buy the company report.
MSME payment delays
Vision Sponge Iron Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 475 overdue payments to 92 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 (5 of 92)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Continental Belting Private Limited | |||
| Ferro Refratech | |||
| an individual supplier | |||
| an individual supplier | |||
| Castwel Industries Private Limited |
To see the full MSME payment records of Vision Sponge Iron Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vision Sponge Iron Private Limited has a workforce of 361 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Vision Sponge Iron has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCV4791R1ZC | West Bengal | Active | 01 Jul 2017 |
| 19AABCV4791R1DL | West Bengal | Active | 20 Dec 2024 |
To see the full GST registrations and return filing status of Vision Sponge Iron Private Limited, buy the company report.
Recent activity
Vision Sponge Iron Private Limited has 9 board changes on record since 2008: 4 appointments and 5 cessations. The latest: Dhruv Jhunjhunwala was appointed as Director on 24 Apr 2024.
47 earlier events are in the company report.
Frequently asked questions
Vision Sponge Iron is an active private limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 March 2002 (24+ years old) and is registered under CIN U94315WB2002PTC094315.
Vision Sponge Iron has 4 current directors:
- Sandeep Jhunjhunwala - Director
- Dhruv Jhunjhunwala - Director
- Siddhartha Jhunjhunwala - Director
- Shikha Jhunjhunwala - Director
The latest financial statements of Vision Sponge Iron on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vision Sponge Iron is 19AABCV4791R1ZC, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 19AABCV4791R1DL (West Bengal).
The CIN (Corporate Identification Number) of Vision Sponge Iron is U94315WB2002PTC094315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vision Sponge Iron has 15 court cases on record: 3 filed by the company and 12 filed against it. 4 are pending. Most are in the district courts.
Vision Sponge Iron was incorporated on 01 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Kolkata.
Vision Sponge Iron has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹45.39 Cr; the latest was in July 2024.
The peers of Vision Sponge Iron by revenue are Dindigul Steel Rolling Mills Private Limited, Orissa Sponge Iron and Steel Limited, NR Steel and Ferro Private Limited, Triveni Smelters Private Limited, Maan Concast Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Dhruv Jhunjhunwala was appointed as Director on 24 Apr 2024. Shikha Jhunjhunwala was appointed as Director on 24 Apr 2024. Abhishek Agarwal ceased to be Director on 31 Jan 2024. Vision Sponge Iron has 9 board changes on record in total.
Vision Sponge Iron has 14 MSME Form 1 returns on record between 2019 and 2023, listing 475 overdue payments to 92 micro and small suppliers. The latest return was filed on 20 Nov 2023.
Vision Sponge Iron can be reached through the website visionsponge.com. Its registered office is in Kolkata, West Bengal, India.