Vraj Iron & Steel Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as “Phil Ispat Private Limited” as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 16, 2004 issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Pursuant to special resolution passed by the shareholders of our Company at the extraordinary general meeting held on September 29, 2023, the name of our Company was changed to “Vraj Iron & Steel Private Limited” and a fresh certificate of incorporation pursuant to change of name dated October 30, 2023 was issued by Registrar of Companies, Chhattisgarh. Thereafter, our Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of our Company at the extraordinary general meeting held on October 31, 2023 and the name of our Company was changed to “Vraj Iron & Steel Limited” and a fresh certificate of incorporation consequent upon conversion to a public limited company dated November 10, 2023 was issued to our Company by the Registrar of Companies, Chhattisgarh. The Corporate Identity Number of the Company is U27101CT2004PLC016701.

Major events and milestones:

2004

•The Company was incorporated as a Private Limited Company under the name of Phil Ispat Private Limited.

•Installation of factory and commencement of production of Sponge Iron at Bilaspur Plant.

2012

•Change in management of the Company due to acquisition of Equity Shares by our Promoters viz. Gopal Sponge & Power Private. Ltd. and Ram Gopal Jhanwar from erstwhile promoters of the Company.

2018

•The Company achieved a revenue of ?1,000 million.

2020

•The Company acquired a plant for manufacturing of Sponge Iron, MS Billets and TMT Bars at Raipur, as a going concern on slump sale basis.

2022

•The Company achieved a revenue of ?4,000 million.

2023

•The Company achieved a revenue of ?5,000 million.

•Change in name of the Company from Phil Ispat Private Limited to Vraj Iron and Steel Private Limited.

•Conversion of the Company from Private Limited Company i.e. Vraj Iron and Steel Private Limited to a Public Limited Company i.e. Vraj Iron and Steel Limited.