What we do Ashirwad Steels & Industries Ltd originally manufactured sponge iron, now transitioned to investments and lending with no active industrial operations. |
Founded in 1,986 |
Market share Exited sponge iron market; building presence in financial investments and lending segments with growing asset base. |
Problem solved Provides financial lending and investment management services post-industrial exit, addressing capital allocation and fund lending needs. |
Top clients or who we serve Primarily serves investors and borrowers through lending and portfolio investments; B2B model focused on financial services. |
Key management Dalbir Chhibbar (Managing Director), Vishesh Chhibbar (Whole Time Director), Pravin Kumar Chhabra (Non Executive Chairman). |
Our journey and innovations Started as sponge iron manufacturer (1986), sold all plants by 2022, shifted focus to investments and lending, aiming NBFC conversion. |
Where we operate Operations and investments mainly in India with plants historically in Jamshedpur and Andhra Pradesh, now in investment sector nationwide. |
Top products or what we offer Financial services including lending, investment in shares, securities, bonds, and mutual funds post industrial operations. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from recurring sources like lending interest and investment income rather than cyclical industrial sales. |
Our industry position Exited manufacturing, now growing in financial services sector with Rs. 429.94 lakhs total income and Rs. 229.66 lakhs net profit (FY 2024-25). |
Financial highlights Revenue Rs. 4.3 Cr, Net Profit Rs. 2.3 Cr for FY ending March 2025, steady income from investments and lending. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by increased investments in shares and lending portfolio expansion; focus on financial services diversification. |
Our future plans Plan to convert into a Non-Banking Financial Company (NBFC) and expand lending and investment activities in coming years. |
Our green promise - |
Our people and values Small employee base of seven, focused on prudent financial management with strong governance and compliance culture. |
Key challenges ahead Lack of active industrial business and finding viable new trading operations; dependence on financial market conditions. |
Interesting facts Sold all industrial plants by 2022; now uniquely positioned as industrial-turned-financial company with growing asset base. |
Risks and strategy Market risks from investment volatility managed through diversified financial portfolio; strategy to become NBFC to enhance business scope. |
