COMPANY INTELLIGENCE PROFILE
JSW ISPAT SPECIAL PRODUCTS LIMITED
JSW Ispat Special Products Limited (formerly Monnet Ispat & Energy) was a listed manufacturer of sponge iron, steel and ferro alloys that has been amalgamated into JSW Steel Limited.
JSW Ispat Special Products Limited, formerly Monnet Ispat & Energy, specialized in manufacturing sponge iron, steel, and ferro alloys and operated globally with coal washing and mining activities. It was acquired by the JSW Steel and AION consortium under IBC resolution, resulting in its merger into JSW Steel Limited. Before the merger, it reported revenue of Rs 5,173.12 Cr for FY2023 and had approximately 889 employees.
AI-generated, may contain errors.
Business Overview
- Manufactured and marketed sponge iron, steel and ferro alloys in India and internationally, with associated coal washing and mining operations. Formerly known as Monnet Ispat & Energy Limited
- Acquired by JSW Steel/AION consortium under IBC and renamed JSW Ispat Special Products Limited. Reported ~889 employees before merger.
Sector & Classification
Metals and minerals — steel manufacturing (sponge iron, steel, ferro alloys); NIC code not obtained (falconebiz page not reached)
Directors & Key Management
Paresh Shah (Whole-Time Director); Anuradha Ambar Bajpai (Director); Jyotin Kantilal Mehta (Director); Krishna Deshika (Director); Nikhil Omprakash Gahrotra (Director); Naresh Kumar Hashmat Rai Lalwani (Director); Aditya Gupta (Director) — DINs not obtained (falconebiz page not reached)
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 22AAACM0501D1ZK | Chhattisgarh | AAACM0501D |
GST — source notes
Primary GSTIN: 22AAACM0501D1ZK (Chhattisgarh); PAN: AAACM0501D; Registrations existed (ex-Monnet Ispat); entity amalgamated into JSW Steel — verify current status
Financials
JSW ISPAT SPECIAL PRODUCTS LIMITED's FY2023 revenue was Rs 5,173.12 Cr, down 14.64% YoY, with a net loss of Rs 397.76 Cr. Net worth improved to Rs 992.36 Cr, and total assets were Rs 5,739.5 Cr.
AI-generated, may contain errors.
| FY2023, last reported before merger | Revenue Rs 5,173.12 Cr, down 14.64% YoY |
| Net Profit -Rs | 397.76 Cr (loss) |
| Net Worth | Rs 992.36 Cr |
| Total Assets | Rs 5,739.5 Cr. FY2022 (Tofler): Net Worth Rs 397.5 Cr, Total Assets Rs 5,184.4 Cr, total borrowings Rs 2,671.8 Cr. |
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| none. Satisfied charges | ~Rs 21,269 Cr | cumulative |
| short-term | Rs 431.9 Cr | Per Tofler |
- Open charges: per TheCompanyCheck. FY2022 239.9 Cr
Legal & Compliance
- Company emerged from a Corporate Insolvency Resolution Process, as Monnet Ispat & Energy, under IBC, resolved by the JSW-AION consortium. Amalgamation into JSW Steel sanctioned by NCLT Mumbai Bench. No separate ongoing litigation obtained.
Competitive Landscape
- JSW's special-alloy / special steel producer, ex-Monnet Ispat. Key competitors: Tata Steel, rev ~₹2,30,000 Cr; ~35 MTPA India
- SAIL, rev ~₹1,05,000 Cr (PSU)
- Jindal Steel & Power, rev ~₹50,000 Cr
- ArcelorMittal Nippon Steel India, ~9 MTPA (AMNS India).
Frequently Asked Questions
What does JSW ISPAT SPECIAL PRODUCTS LIMITED do?
JSW Ispat Special Products Limited (formerly Monnet Ispat & Energy) was a listed manufacturer of sponge iron, steel and ferro alloys that has been amalgamated into JSW Steel Limited.
What is JSW ISPAT SPECIAL PRODUCTS LIMITED's CIN?
JSW ISPAT SPECIAL PRODUCTS LIMITED's Corporate Identification Number (CIN) is L02710MH1990PLC363582.
What is JSW ISPAT SPECIAL PRODUCTS LIMITED's GST number?
JSW ISPAT SPECIAL PRODUCTS LIMITED's primary GSTIN is 22AAACM0501D1ZK.
When was JSW ISPAT SPECIAL PRODUCTS LIMITED incorporated?
JSW ISPAT SPECIAL PRODUCTS LIMITED was incorporated on 01 February 1990.
Where is JSW ISPAT SPECIAL PRODUCTS LIMITED headquartered?
JSW ISPAT SPECIAL PRODUCTS LIMITED's registered office is at JSW Centre, Bandra Kurla Complex (East), Mumbai, Maharashtra 400051. (HQ: Maharashtra.)
Is JSW ISPAT SPECIAL PRODUCTS LIMITED listed on the stock exchange?
Formerly listed (BSE: 513446, NSE: JSWISPL), now delisted following amalgamation
What are JSW ISPAT SPECIAL PRODUCTS LIMITED's latest financials?
FY2023 (last reported before merger): Revenue Rs 5,173.12 Cr (down 14.64% YoY); Net Profit -Rs 397.76 Cr (loss); Net Worth Rs 992.36 Cr; Total Assets Rs 5,739.5 Cr.
Who are JSW ISPAT SPECIAL PRODUCTS LIMITED's main competitors?
JSW's special-alloy / special steel producer (ex-Monnet Ispat). Key competitors: Tata Steel (rev ~₹2,30,000 Cr; ~35 MTPA India); SAIL (rev ~₹1,05,000 Cr (PSU)); Jindal Steel & Power (rev ~₹50,000 Cr); ArcelorMittal Nippon Steel India (~9 MTPA (AMNS India)).
Sources
BSE/NSE filings & annual report; tofler.in, thecompanycheck.com; BSE/NSE shareholding pattern; tofler.in; CRISIL, ICRA, CARE Edge, India Ratings rating rationales; MCA / DIN records via tofler.in, falconebiz.com; MCA charge index via tofler.in, falconebiz.com; MCA filings / annual report via tofler.in; MCA registry via tofler.in, falconebiz.com, thecompanycheck.com; entrackr.com, moneycontrol.com, inc42.com (round names); Tracxn treated as unverified; indiankanoon.org; trade press; knowyourgst.com, mastersindia.co, findgst.in (GSTIN self-verifying via embedded PAN); tofler.in, thecompanycheck.com, company disclosures & trade press
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.