About Xindia Steels Limited
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Xindia Steels Limited is a public limited company based in Koppal, Karnataka, India, a subsidiary of Xinxing Heavy Industries Group Co Ltd. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27106KA2007PLC042792. Its GSTIN is 29AAACX0521A1ZX (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹230 Cr and a paid-up capital of ₹230 Cr. It is led by directors including Li Xiaobing (Managing Director) and Sujatha Sadananda.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Koppal, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹815.62 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹69.51 Cr (net margin 8.5%) and EBITDA of ₹114.24 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 22% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Xindia Steels. As per MCA filings, the company has satisfied charges of ₹321.05 Cr on record. Court records list 36 cases involving the company, including 23 filed by the company and 13 filed against it; 6 cases are pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹467.36 Cr; the latest was in September 2023. The company has 5 MSME Form 1 returns on record between 2021 and 2024, listing 52 overdue payments to 18 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 xindiasteels.com.
Company details
Contact details
Xindia Steels Limited's registered office is in Koppal, Karnataka. Its website is xindiasteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Factory Premises, Hirebaganal & Kunikere Village, Koppal, Karnataka, India – 583228
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Xindia Steels 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
Xindia Steels operates one associated brand: Xindia Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Iron ore processing and steel manufacturing are conducted by Xindia Steels in India. | xindiasteels.com |
Business activity
The main business activity of Xindia Steels is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Xindia Steels Limited, buy the company report.
Financials of Xindia Steels Limited
FY 2025 filings availableXindia Steels Limited reported revenue of ₹815.62 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 28% growth in the latest year. EBITDA rose 8% 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 | ₹114.24 Cr | ||||
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| Net Profit (PAT) | ₹69.51 Cr | ||||
| Balance Sheet | |||||
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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 | 14% | ||||
| Net Profit Margin | 8.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Xindia Steels Limited, buy the company report.
Board of directors of Xindia Steels Limited
Xindia Steels has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Li Xiaobing | Managing Director | 15 Feb 2018 | 8 Years 8 Months | Current |
| Sujatha Sadananda Also directs: Prasan Solutions (India) Private Limited | Director | 11 Mar 2015 | 11 Years 7 Months | Current |
| Huang Zhongguo | Director | 27 Dec 2017 | 8 Years 10 Months | Current |
| Bu Shufeng | Additional Director | 17 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Xindia Steels Limited is audited by Hattargi & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hattargi & Co | FY 2023 | 019631S |
Shareholding
The shareholding of Xindia Steels 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 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Xindia Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2018 | 100231743 | Others | ₹20 Cr | Satisfied | |
| 06 Jan 2015 | 10557306 | State Bank of India | ₹9.2 Cr | Satisfied | |
| 21 Mar 2014 | 10496586 | Bank of India | ₹12.5 Cr | Satisfied | |
| 20 Mar 2014 | 10493771 | State Bank of India | ₹12.5 Cr | Satisfied | |
| 20 May 2011 | 10290777 | State Bank of India | ₹70.35 Cr | Satisfied |
To see the full charge records of Xindia Steels Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Xindia Steels Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹467.36 Cr; the latest was in September 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Manasara Ventures, Manasara Investments |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Xindia Steels 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
Xindia Steels Limited has 36 court cases on record: 23 filed by Xindia Steels, 13 filed against it. 6 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 10 | 3 |
| District courts | 16 | 3 | 3 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Rayen Steels Pvt. Ltd. and 3 others | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by M/S. Rayen Steels Pvt. Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Rayen Steels Pvt. Ltd. and 3 others | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Saravana Alloy Steels Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Saravana Alloy Steels Private Ltd and 4 others | Disposed |
To see the full case history of Xindia Steels 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
Xindia Steels Limited has 5 MSME Form 1 returns on record between 2021 and 2024, listing 52 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Yashaswi Engineers | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Xindia Steels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Xindia Steels Limited has a workforce of 94 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
GST
Xindia Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACX0521A1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Xindia Steels Limited, buy the company report.
Recent activity
Xindia Steels Limited has 20 board changes on record since 2008: 6 appointments and 14 cessations. The latest: Bu Shufeng was appointed as Additional Director on 17 Jul 2025.
27 earlier events are in the company report.
Frequently asked questions
Xindia Steels is an active public limited company based in Koppal, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 May 2007 (19+ years old) and is registered under CIN U27106KA2007PLC042792.
Xindia Steels has 4 current directors:
- Li Xiaobing - Managing Director
- Sujatha Sadananda - Director
- Huang Zhongguo - Director
- Bu Shufeng - Additional Director
The latest financial statements of Xindia Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Xindia Steels is 29AAACX0521A1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Xindia Steels is U27106KA2007PLC042792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xindia Steels has 36 court cases on record: 23 filed by the company and 13 filed against it. 6 are pending. Most are in the high courts.
Xindia Steels was incorporated on 14 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Xindia Steels has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹467.36 Cr; the latest was in September 2023.
Bu Shufeng was appointed as Additional Director on 17 Jul 2025. Amruta Jahagirdar Pranesh was appointed as Company Secretary on 05 May 2022. Li Xiaobing ceased to be Director on 09 Apr 2019. Xindia Steels has 20 board changes on record in total.
Xindia Steels has 5 MSME Form 1 returns on record between 2021 and 2024, listing 52 overdue payments to 18 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Xindia Steels can be reached through the website xindiasteels.com. Its registered office is in Koppal, Karnataka, India.
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