MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-21-0000194
Yates Steels Private Limited - packaging in Himatnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.27 Cr
▲ 19% YoY
Net profit · FY 2025
₹97.49 Lakh
Net margin 5.6%
EBITDA · FY 2025
₹2.05 Cr
EBITDA margin 11.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹80 Lakh
Issued & subscribed
Open charges
₹2.13 Cr
Satisfied ₹2.4 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
108
Provident fund records
About Yates Steels Private Limited
Data last updated:
Yates Steels Private Limited is a private limited company based in Himatnagar, Gujarat, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 27 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ2010PTC062438. Its GSTIN is 24AAACY4458P2ZQ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80 Lakh. It is led by directors including Mahendrakumar Hiralal Patel (Managing Director) and Christopher Michael Yates.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 843 Vaktapur, Himatnagar, Gujarat, India – 383010.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.27 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹97.49 Lakh (net margin 5.6%) and EBITDA of ₹2.05 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 22% over five years.
The company has about 108 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.13 Cr and satisfied charges of ₹2.4 Cr on record.
Yates Steels Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0000194). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website yatessteels.com.
Company details
CIN U27109GJ2010PTC062438
Registration Number 062438
Incorporation Date 27 September 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-21-0000194
Key People
Mahendrakumar Hiralal Patel Managing Director Christopher Michael Yates Director Rajesh Bipinchandra Shah Director Recognitions & Rankings of Yates Steels
Contact details
Yates Steels Private Limited's registered office is in Himatnagar, Gujarat. Its website is yatessteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 843 Vaktapur, Himatnagar, Gujarat, India – 383010
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Yates Steels Private Limited, buy the company report.
Comprehensive company report
Yates Steels Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Yates 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 Yates Steels Private Limited, buy the company report.
Financials of Yates Steels Private Limited
FY 2025 filings availableYates Steels Private Limited reported revenue of ₹17.27 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹17.27 Cr ▲ 19%
Net profit · FY 2025
₹97.49 Lakh margin 5.6%
EBITDA · FY 2025
₹2.05 Cr margin 11.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 13%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 56%
5 years · compounded
▲ 44%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 19% growth in the latest year. EBITDA rose 49% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹97.49 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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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 | 11.8% | ||||
| Net Profit Margin | 5.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Yates Steels Private Limited, buy the company report.
Board of directors of Yates Steels Private Limited
Yates Steels has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Christopher Michael Yates | Director | 25 Nov 2010 | 15 Years 11 Months | Current |
| Rajesh Bipinchandra Shah | Director | 01 Dec 2012 | 13 Years 11 Months | Current |
| Hiteshkumar Vishnubhai Patel Also directs: Vardan Finlease Limited | Director | 01 May 2015 | 11 Years 6 Months | Current |
| Manubhai Bhaichandbhai Patel | Director | 01 May 2015 | 11 Years 6 Months | Current |
| Ronakkumar Ramabhai Patel | Director | 01 May 2015 | 11 Years 6 Months | Current |
| Nenaram Chamanji Chaudhary | Director | 02 Sep 2015 | 11 Years 2 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Yates Steels Private Limited is audited by SANJAY J SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY J SHAH & CO. | FY 2023 | 137463W |
Shareholding
The shareholding of Yates Steels 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Yates Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.13 Cr
Satisfied charges
₹2.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2023 | 100672691 | Sidbi | ₹63 Lakh | Open | |
| 11 Jun 2021 | 100453473 | Others | ₹1.5 Cr | Open | |
| 09 Oct 2020 | 100377356 | Hdfc Bank Limited | ₹1 Cr | Satisfied | |
| 01 Dec 2017 | 100143061 | Others | ₹1.4 Cr | Satisfied |
To see the full charge records of Yates Steels Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Yates Steels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Yates Steels Private Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 28 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| National Enterprise | |||
| an individual supplier | |||
| Supreme Packaging | |||
| Czar Labs |
To see the full MSME payment records of Yates Steels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Yates Steels Private Limited has a workforce of 108 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
108
Active EPFO establishments
1
Employee growth
-2.7%
GST
Yates Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACY4458P2ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Yates Steels Private Limited, buy the company report.
Recent activity
Yates Steels Private Limited has 18 board changes on record since 2010: 8 appointments and 10 cessations. The latest: Hiteshkumar Vishnubhai Patel ceased to be Additional Director on 30 Sep 2015.
AGM
Yates Steels Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Yates Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Sidbi amounted to Rs. 0.63 Cr with Charge ID 100672691 was registered on 06 Feb 2023.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100453473 was registered on 11 Jun 2021.
Charges
A charge registered on 09 Oct 2020 via Charge ID 100377356 with Hdfc Bank Limited was fully satisfied on 02 Jun 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100377356 was registered on 09 Oct 2020.
Charges
A charge registered on 01 Dec 2017 via Charge ID 100143061 with Others was fully satisfied on 29 Sep 2020.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100143061 was registered on 01 Dec 2017.
Ceased
Hiteshkumar Vishnubhai Patel ceased to be Additional Director.
Ceased
Manubhai Bhaichandbhai Patel ceased to be Additional Director.
Ceased
Nenaram Chamanji Chaudhary ceased to be Additional Director.
Ceased
Pashabhai Revabhai Patel ceased to be Additional Director.
15 earlier events are in the company report.
Frequently asked questions
Yates Steels is an active private limited company based in Himatnagar, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 27 September 2010 (16+ years old) and is registered under CIN U27109GJ2010PTC062438.
Yates Steels has 8 current directors:
- Mahendrakumar Hiralal Patel - Managing Director
- Christopher Michael Yates - Director
- Rajesh Bipinchandra Shah - Director
- Hiteshkumar Vishnubhai Patel - Director
- Manubhai Bhaichandbhai Patel - Director
- Ronakkumar Ramabhai Patel - Director
- Nenaram Chamanji Chaudhary - Director
- Pashabhai Revabhai Patel - Director
The latest financial statements of Yates Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Yates Steels is 24AAACY4458P2ZQ, registered in Gujarat. 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 Yates Steels is U27109GJ2010PTC062438. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yates Steels was incorporated on 27 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hiteshkumar Vishnubhai Patel ceased to be Additional Director on 30 Sep 2015. Manubhai Bhaichandbhai Patel ceased to be Additional Director on 30 Sep 2015. Nenaram Chamanji Chaudhary ceased to be Additional Director on 30 Sep 2015. Yates Steels has 18 board changes on record in total.
Yes, Yates Steels is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-21-0000194).
Yates Steels has 4 MSME Form 1 returns on record between 2019 and 2022, listing 28 overdue payments to 10 micro and small suppliers. The latest return was filed on 27 Apr 2022.
Yates Steels can be reached through the website yatessteels.com. Its registered office is in Himatnagar, Gujarat, India.
The registered office of Yates Steels is at Survey No. 843 Vaktapur, Himatnagar, Gujarat, India – 383010.
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