COMPANY INTELLIGENCE PROFILE
JSW ISPAT SPECIAL PRODUCTS LIMITED
Manufactured and marketed sponge iron, steel and ferro alloys in India and internationally, with associated coal washing and mining operations.
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
Primary GSTIN: 22AAACM0501D1ZK (Chhattisgarh); PAN: AAACM0501D; Registrations existed (ex-Monnet Ispat); entity amalgamated into JSW Steel — verify current status
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. FY2022 (Tofler): Net Worth Rs 397.5 Cr, Total Assets Rs 5,184.4 Cr, total borrowings Rs 2,671.8 Cr.
Funding History
n/a (established/listed) — capital provided via JSW Steel/AION Investments acquisition of erstwhile Monnet Ispat under IBC resolution
Loans & Charges
Open charges: none. Satisfied charges: ~Rs 21,269 Cr cumulative (per TheCompanyCheck). FY2022 total borrowings Rs 2,671.8 Cr (long-term Rs 2,239.9 Cr, short-term Rs 431.9 Cr) per Tofler.
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?
Manufactured and marketed sponge iron, steel and ferro alloys in India and internationally, with associated coal washing and mining operations.
What is the CIN of JSW ISPAT SPECIAL PRODUCTS LIMITED?
JSW ISPAT SPECIAL PRODUCTS LIMITED's Corporate Identification Number (CIN) is L02710MH1990PLC363582.
When was JSW ISPAT SPECIAL PRODUCTS LIMITED incorporated?
JSW ISPAT SPECIAL PRODUCTS LIMITED was incorporated on 01 February 1990 and is registered with RoC-Mumbai (Maharashtra).
Where is JSW ISPAT SPECIAL PRODUCTS LIMITED registered?
The registered office of JSW ISPAT SPECIAL PRODUCTS LIMITED is at JSW Centre, Bandra Kurla Complex (East), Mumbai, Maharashtra 400051.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTINs, director DINs, NIC code, credit ratings, and detailed shareholding pattern were not obtained. Falconebiz page did not load; MCA-status "Amalgamated" date shown as 22 Jun 2026 on Tofler reflects registry record update.