About Wear Steels Private Limited
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Wear Steels Private Limited is a private limited company based in Dharwad, Karnataka, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 17 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U13209KA2008PTC045646. Its GSTIN is 29AALCS7704H1ZY (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Sfsl Steels Private Limited. It is led by directors including Vivek Narshim Rao (Whole-Time Director) and Shivananda Nayak (Whole-Time Director).
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 Plot No 172 Darwad Groth Center Belur Industrial Area, Dharwad, Karnataka, India – 580011.
As per the financials filed for FY 2024, the company reported a revenue of ₹134.11 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹23.15 Cr (net margin 17.3%) and EBITDA of ₹32.15 Cr (EBITDA margin 24%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Southern Ferro Steels. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹5 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 3 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in December 2014. Its 6 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Indo Shell Mould Limited with revenue of ₹138.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sfsteels.net.
Company details
Name history
Wear Steels has undergone 4 name changes throughout its history. The current legal name is Wear Steels Private Limited.
| Company Name | Status |
|---|---|
| Wear Steels Private Limited | Current |
| Sfsl Steels Private Limited | Previous |
| Southern Ferro Steels Limited | Previous |
| Southern Ferro Steels Private Limited | Previous |
CIN history
Wear Steels has one previous CIN (Corporate Identification Number): U13209KA2008PLC045646. The current CIN is U13209KA2008PTC045646, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13209KA2008PTC045646 | Current |
| U13209KA2008PLC045646 | Previous |
Contact details
Wear Steels Private Limited's registered office is in Dharwad, Karnataka. Its website is sfsteels.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 172 Darwad Groth Center Belur Industrial Area, Dharwad, Karnataka, India – 580011
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Wear Steels 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
Wear Steels operates one associated brand: Southern Ferro Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of wear resistant replacement parts and custom solutions for the metal industry | sfsteels.net |
Business activity
The main business activity of Wear Steels 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 Wear Steels Private Limited, buy the company report.
Financials of Wear Steels Private Limited
FY 2024 filings availableWear Steels Private Limited reported revenue of ₹134.11 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 16% growth in the latest year. EBITDA rose 56% 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 |
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| EBITDA | ₹32.15 Cr | ||||
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| Net Profit (PAT) | ₹23.15 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24% | ||||
| Net Profit Margin | 17.3% | ||||
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To see the full financial statements and ratios of Wear Steels Private Limited, buy the company report.
Board of directors of Wear Steels Private Limited
Wear Steels has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Pai Peraje Also directs: Puzzolana Machinery Fabricators (Hyderabad) LLP, Vanitha Rubber Products LLP, Aryan Precisions Private Limited and 5 more | Director | 26 May 2025 | 1 Years 5 Months | Current |
| Vivek Narshim Rao | Whole-Time Director | 01 Jun 2008 | 18 Years 5 Months | Current |
| Ananth Pai Peraje Also directs: Puzzolana Machinery Fabricators (Hyderabad) LLP, Highworth Holdings LLP, Vanitha Rubber Products LLP and 5 more | Additional Director | 03 Jul 2025 | 1 Years 3 Months | Current |
| Shivananda Nayak | Whole-Time Director | 10 Apr 2008 | 18 Years 6 Months | Current |
Peer comparison
Wear Steels Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| Indo Shell Mould Limited | ₹138.45 Cr (FY 2024) | -51.0% | Coimbatore, Tamil Nadu, India | |||
| Asm Castings Private Limited | ₹137.85 Cr (FY 2025) | 16.0% | Faridabad, Haryana, India | |||
| Super Engi-Tech Private Limited | ₹136.71 Cr (FY 2025) | 36.0% | Rajkot, Gujarat, India | |||
| Wear Steels Private Limitedthis company | ₹134.11 Cr (FY 2024) | ₹23.15 Cr | 17.3% | 16.0% | 126 | Dharwad, Karnataka, India |
| Binayak Hi-Tech Engineering Private Limited | ₹133.65 Cr (FY 2025) | 24.0% | Liluah, West Bengal, India | |||
| Qualitech Metal Industries Private Limited | ₹131.66 Cr (FY 2025) | 554.0% | Jodhpur, Rajasthan, India | |||
| Intolcast Pvt Ltd | ₹130.06 Cr (FY 2025) | -2.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Wear Steels Private Limited, buy the company report.
Shareholding
The shareholding of Wear Steels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wear Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2023 | 100784138 | Others | ₹5 Cr | Open | |
| 25 May 2010 | 10233730 | State Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of Wear Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Wear Steels Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in December 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2008 | Funding round | ₹2.95 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wear Steels Private Limited has 6 court cases on record: 3 filed by Wear Steels, 3 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 3 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by J.P.F Metacast Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by J.P.F Metacast Pvt Ltd | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company by The State of Karnataka at the Instance of Sri. Venkatesh Rathod | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed by the company against M/S Najmat Alnajah Metal Alloys Trading Co LLC | Pending |
| District court, Hyderabad Central, Telangana | Court case (STC - NI) | Filed by the company against an individual | Pending |
To see the full case history of Wear Steels 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
No delayed payments to MSME suppliers are on our record for Wear Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Wear Steels has 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Wear Steels Private Limited has a workforce of 126 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Wear Steels has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCS7704H1ZY | Karnataka | Active | 01 Jul 2017 |
| 24AALCS7704H1Z8 | Gujarat | Active | 26 Nov 2018 |
To see the full GST registrations and return filing status of Wear Steels Private Limited, buy the company report.
Recent activity
Wear Steels Private Limited has 12 board changes on record since 2008: 4 appointments and 8 cessations. The latest: Ananth Pai Peraje was appointed as Additional Director on 03 Jul 2025.
7 earlier events are in the company report.
Frequently asked questions
Wear Steels is an active private limited company based in Dharwad, Karnataka, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 17 March 2008 (18+ years old) and is registered under CIN U13209KA2008PTC045646.
Wear Steels has 4 current directors:
- Vivek Narshim Rao - Whole-Time Director
- Shivananda Nayak - Whole-Time Director
- Prakash Pai Peraje - Director
- Ananth Pai Peraje - Additional Director
The latest financial statements of Wear Steels 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 Wear Steels is 29AALCS7704H1ZY, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AALCS7704H1Z8 (Gujarat).
The CIN (Corporate Identification Number) of Wear Steels is U13209KA2008PTC045646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wear Steels has 6 court cases on record: 3 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Wear Steels was incorporated on 17 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Wear Steels has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.95 Cr; the latest was in December 2014.
The peers of Wear Steels by revenue are Indo Shell Mould Limited, Asm Castings Private Limited, Super Engi-Tech Private Limited, Binayak Hi-Tech Engineering Private Limited, Qualitech Metal Industries Private Limited and 1 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Ananth Pai Peraje was appointed as Additional Director on 03 Jul 2025. Prakash Pai Peraje was appointed as Director on 26 May 2025. Gopalakrishna Vallabhajosyula Murthy ceased to be Director on 14 Jul 2021. Wear Steels has 12 board changes on record in total.
Wear Steels can be reached through the website sfsteels.net. Its registered office is in Dharwad, Karnataka, India.
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