JAY JAGDAMBA LIMITED

Business Overview

• Jay Jagdamba Limited is an Indian manufacturer and exporter of stainless-steel long products, headquartered in Navi Mumbai with manufacturing based out of Gujarat.
• Product range: billets, ingots, wire rods, bright & hot-rolled bars, round/angle/square/flat/hex, threaded and forged bars, seamless pipes, stainless steel, nickel, titanium alloys, and flanges.
• Reported melting capacity ~84,000 MTPA plus rolling, bright-bar, flanges and seamless-pipe facilities.
• Claims exports to ~53 countries, North America, Europe, Asia, Middle East.
• Reported EPFO employee count ~84, likely understates true headcount; EPFO counts are notoriously partial.
• Promoted by the Malpani family, Narayan Prasad Malpani, Ramprakash Narayan Prasad Malpani.
• Sources: official site jayjagdamba.com, TheCompanyCheck, Falconebiz., confirmed on core business; employee count and export claims are single-source/partial

Sector & Classification

NIC 27100 — Manufacture of basic iron & steel / other basic metals. Business: stainless steel long products (billets, ingots, bright & hot-rolled bars, wire rods, seamless pipes, flanges). (confirmed)

Directors & Key Management

GST Registrations

Not obtained. Could not retrieve any individual GSTIN via KnowYourGST/FindGST/MastersIndia pages (guessed/derived URLs 404'd; direct search tools not accessible without JS/session). PAN AACCK3066F (single-source) would be the basis for any GSTIN (state-code + PAN + entity/checksum) but no registration numbers, home state, count, or status could be confirmed — reporting "not obtained" rather than guessing.

Financials

• Standalone balance-sheet data from Tofler, single source, partial — P&L line items were paywalled:
• FY2024 (Mar-2024): Equity Capital ₹15.5 Cr; Reserves ₹596.3 Cr; Borrowings ₹720.3 Cr; Total Assets ₹1,885.8 Cr
• FY2025 (Mar-2025): Equity Capital ₹198.0 Cr; Reserves ₹1,415.5 Cr; Borrowings ₹855.7 Cr; Total Assets ₹3,423.6 Cr
• Tofler's summary line, no absolute figures given: FY24-25 operating revenue "over ₹500 crore"; EBITDA up 121.81% YoY; net profit up 221.6% YoY; net worth up 166.37% YoY.
• No independently confirmed absolute Revenue/EBITDA/PAT figures obtained, paywalled on Tofler; not found on Screener/Moneycontrol — those sites were unreachable/404 for this entity. Standalone basis stated by source
• No consolidated figures found.

Funding History

• Not obtained / no evidence found of external VC or PE funding.
• Appears to be a fully promoter/family-funded manufacturing business (Malpani family), funded via bank/NBFC borrowings and equity capital infusions rather than institutional venture funding.
• Tracxn not consulted, task restricts Tracxn to funding-round names only; none found via other sources to cross-check.

Shareholding

• Not obtained precisely, no % breakdown found.
• Tofler flags Narayan Prasad Malpani and Ramprakash Narayan Prasad Malpani as director-shareholders, consistent with promoter/family control (Malpani family).
• No FII/DII/public split available — consistent with an unlisted company. (partial)

Loans & Charges

• Per TheCompanyCheck, single source, partial: Open charges ₹1,028.31 Cr
• Satisfied charges ₹1,152.13 Cr.
• Lenders breakdown: "Others" ₹1,019.09 Cr, 82 Cr
• Broadly consistent in direction with Tofler's FY2025 different metric — RoC charge value vs balance-sheet debt — so not a direct conflict, but scale is roughly comparable

Related Parties

• Per Falconebiz/TheCompanyCheck, single source, partial, — group/related entities under the "Jay Jagdamba" name: Jay Jagdamba Defence Private Limited
• Jay Jagdamba Ecosteel Private Limited
• Shree Jay Jagdamba Flanges Private Limited
• Jay Jagdamba Profile Private Limited. The company itself has a long history of name changes, reported "10 name changes" historically, single source, including former names: Metallic Worldwide Limited
• Shree Jay Jagdamba Stainless Steel Limited
• Jay Jagdamba Precious Engineering Limited, full chronological list not obtained. This history of repeated renaming is worth flagging for the SEO page as a data-quality/identity caveat rather than as confirmed fact.

Credit Ratings

• Not obtained. No CRISIL rating page found, CRISIL Ratings search returned 404 for this query
• ICRA and CARE not checked with a working URL in the time available. Treat as "no public rating found" rather than "unrated," since absence of a hit is not conclusive.

Legal & Compliance

• Per Indian Kanoon, single source, partial: "Jay Jagdamba Ltd vs Union of India and Ors" — Bombay High Court, Writ Petition No.
• 397 of 2023, multiple listed hearing dates in Jan 2023, bench: Justices Nitin Jamdar, Abhay Ahuja, and once Trupti.
• Nature of dispute not confirmed from the snippet, commonly such petitions vs "Union of India" relate to customs/GST/tax matters, but this is inference, not confirmed.
• Indian Kanoon reported "~2,040 total results" for the name generally, which likely includes loosely-matching/unrelated cases — only the above case was specifically verified as this entity.

Competitive Landscape

• Indian stainless-steel long-products / pipes & tubes / flanges peers, reasoned from sector, not source-verified per name:
• Jindal Stainless Limited — large-cap, market leader in Indian stainless steel
• Ratnamani Metals & Tubes Ltd — large-cap, listed, stainless/CS pipes & tubes
• Venus Pipes & Tubes Ltd — mid-cap, listed, stainless steel pipes/tubes
• Suraj Limited — mid-size, listed, stainless steel long products (bars/wire rods) — closest scale match
• Mukand Ltd — large, listed, alloy & special steels
• Man Industries (India) Ltd — large, listed, steel pipes
• , status: partial — sector-based reasoning, not individually source-confirmed

Frequently Asked Questions

Sources

1) Tofler (tofler.in/jay-jagdamba-limited) — identity, capital, directors+DINs, PAN, balance sheet FY24/FY25. 2) TheCompanyCheck (thecompanycheck.com/company/jay-jagdamba-limited) — identity, paid-up capital, charges/lenders, group companies, name-change history, listed status, employee count. 3) Falconebiz (falconebiz.com) — director list cross-check (name search only; direct CIN lookup returned no data). 4) Official website jayjagdamba.com (home + about-us + investor pages) — business overview, products, address, logo, domain confirmation. 5) Indian Kanoon (indiankanoon.org) — legal case. Blocked/attempted-but-failed: Zaubacorp (403, not used per policy anyway), MCA.gov.in (not attempted, blocked per instructions), Google/Bing/DuckDuckGo web search (returned no usable results / CAPTCHA — WebSearch tool itself was unavailable, session budget exhausted), Moneycontrol (fetch blocked), Screener.in (404 on guessed ticker), CRISIL/CARE ratings pages (404), KnowYourGST/FindGST/MastersIndia GSTIN lookups (404/500, no working query interface found via plain fetch).