VRKP Sponge & Power Plant LLP
About VRKP Sponge & Power Plant LLP
Data last updated:
VRKP Sponge & Power Plant LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 24 April 2015 and has been in existence for over 11 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAD-8298.
The LLP has a total obligation of contribution of ₹24 Cr. It is led by designated partners including Vinod Kumar Agarwal and Prateek Agarwal.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹757.66 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹18.58 Cr (net margin 2.5%) and EBITDA of ₹46.87 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 19% over five years.
The LLP has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹195.4 Cr and satisfied charges of ₹5.07 Cr on record. Court records list 12 cases involving the LLP, including 7 filed by the LLP and 5 filed against it; 3 cases are pending.
Company details
Contact details
VRKP Sponge & Power Plant LLP's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address3rd Floor M North Point Survy No 91 By 1B K V Jayaram Road, Jakkur Village Yelahanka Hobli, Bangalore, Karnataka, India – 560064
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of VRKP Sponge & Power Plant LLP, 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
Financials of VRKP Sponge & Power Plant LLP
FY 2025 filings availableVRKP Sponge & Power Plant LLP reported revenue of ₹757.66 Cr (up 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 23% growth in the latest year. EBITDA rose 55% 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profit After Tax | ₹18.58 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of VRKP Sponge & Power Plant LLP, buy the company report.
Designated partners of VRKP Sponge & Power Plant LLP
VRKP Sponge & Power Plant has 3 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Agarwal Also directs: VRKP Rerolling Mill Private Limited, Agarwal Induction Furnace Private Limited, Shilpa Ispat Private Limited and 2 more | Designated Partner | 24 Apr 2015 | 11 Years 6 Months | Current |
| Prateek Agarwal Also directs: Agarwal Induction Furnace Private Limited, VRKP Ispat Private Limited, VRKP Integrated Steel Industries Private Limited and 4 more | Designated Partner | 24 Apr 2015 | 11 Years 6 Months | Current |
| Kushal Agarwal Also directs: VRKP Rerolling Mill Private Limited, Agarwal Induction Furnace Private Limited, Shilpa Ispat Private Limited and 4 more | Designated Partner | 24 Apr 2015 | 11 Years 6 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2025 | 101072261 | Hdfc Bank Limited | ₹46.19 Lakh | Open | |
| 09 Feb 2024 | 100881742 | Bank of Baroda | ₹12.23 Lakh | Open | |
| 05 Aug 2023 | 100764293 | Hdfc Bank Limited | ₹120 Cr | Open | |
| 28 Oct 2022 | 100724765 | Hdfc Bank Limited | ₹78.8 Lakh | Open | |
| 20 Sep 2022 | 100614942 | Hdfc Bank Limited | ₹8.36 Cr | Open |
To see the full charge records of VRKP Sponge & Power Plant LLP, buy the company report.
Total charge records: 10 View all charges
Legal cases
VRKP Sponge & Power Plant LLP has 12 court cases on record: 7 filed by VRKP Sponge & Power Plant, 5 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 3 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BALLARI, Karnataka | Criminal complaint | Filed by the company against M/S Pexgadi Power Private Limited, DTDC Express and 2 others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Mallikarjuna Reddy K S Proprietor, Sri Chowdeshwari Traders, | Pending |
| District court, BALLARI, Karnataka | Court case (ECA) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
| District court, BALLARI, Karnataka | Civil suit | Filed against the company | Disposed |
To see the full case history of VRKP Sponge & Power Plant LLP, 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
VRKP Sponge & Power Plant LLP was last rated by Icra on 22 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jul 2022 |
To see the full credit ratings and regulatory alerts of VRKP Sponge & Power Plant LLP, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VRKP Sponge & Power Plant LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VRKP Sponge & Power Plant LLP has a workforce of 34 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for VRKP Sponge & Power Plant LLP; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
VRKP Sponge & Power Plant LLP has 3 designated partner changes on record since 2015: 3 appointments. The latest: Kushal Agarwal was appointed as Designated Partner on 24 Apr 2015.
8 earlier events are in the company report.
Frequently asked questions
VRKP Sponge & Power Plant is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 24 April 2015 (11+ years old) and is registered under LLPIN AAD-8298.
VRKP Sponge & Power Plant has 3 current designated partners:
- Vinod Kumar Agarwal - Designated Partner
- Prateek Agarwal - Designated Partner
- Kushal Agarwal - Designated Partner
The latest financial statements of VRKP Sponge & Power Plant on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2016 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of VRKP Sponge & Power Plant is AAD-8298. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
VRKP Sponge & Power Plant has 12 court cases on record: 7 filed by the LLP and 5 filed against it. 3 are pending. Most are in the district courts.
VRKP Sponge & Power Plant was incorporated on 24 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Kushal Agarwal was appointed as Designated Partner on 24 Apr 2015. Prateek Agarwal was appointed as Designated Partner on 24 Apr 2015. Vinod Kumar Agarwal was appointed as Designated Partner on 24 Apr 2015.
The registered office of VRKP Sponge & Power Plant is at 3rd Floor M North Point Survy No 91 By 1B K V Jayaram Road, Jakkur Village Yelahanka Hobli, Bangalore, Karnataka, India – 560064.
VRKP Sponge & Power Plant operates in the metals and minerals industry, in the steel manufacturing and processing segment.
VRKP Sponge & Power Plant has open charges of ₹195.4 Cr and satisfied charges of ₹5.07 Cr as per latest MCA filings.