Bf Industrial Solutions Limited - Due diligence report

A 360° intelligence report on Bharatforge: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

2011-02-21 Pune City, Maharashtra Active Unlisted Active Compliant
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Bharatforge — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Bharatforge is assessed as Low Risk with a Trust Score of 86/100. Bharatforge is an active public limited indian non-government company incorporated in 2011, operating in the Business Outsourcing sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Bf Industrial Solutions Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 1 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 65/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
VIKRAM MANOHAR MUNJE 01234567 Director 01/04/2018 6 yrs Approved
Sunil Nilkanth Kulkarni 01234567 Director 01/04/2018 6 yrs Approved
ASHWINI SHIVRAM 01234567 Director 01/04/2018 6 yrs Approved
KEDAR PRAKASH DIXIT 01234567 Director 01/04/2018 6 yrs Approved
SUMEET BANGA 01234567 Director 01/04/2018 6 yrs Approved
NAMRATA DHIRAJ SANGHAVI 01234567 Director 01/04/2018 6 yrs Approved
Guruprasad Vasant Vaidya 01234567 Director 01/04/2018 6 yrs Approved
Sumeet Banga 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • ASHWINI SHIVRAM has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 3 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Bharat Forge Limited
Subsidiaries
2
Group entities
2
Capital events
3 allotment(s) · 10 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Bf Industrial Technology And Solutions Limited Subsidiary Company 74.00%
Js Auto Cast Foundry India Private Limited Subsidiary Company 74.00%
Sanghvi Europe B V Subsidiary Company 74.00%
Bharat Forge Limited Holding Company 74.00%

Key managerial personnel: Sunil Nilkanth Kulkarni (CFO) · SUMEET BANGA (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth N/A · Distress 90
Growth signals & trust indicators
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
No critical warning flags detected in the available data.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence93/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view51/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
01 Aug 2025
Last AGM held
Annual general meeting
31 Jul 2025
Director ceased
ASHWINI SHIVRAM
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Jan 2025
Director appointed
Guruprasad Vasant Vaidya (Cfo)
20 Dec 2024
Director appointed
ASHWINI SHIVRAM (Director)
30 Nov 2024
Director ceased
SUNIL NILKANTH KULKARNI
06 Aug 2024
Director ceased
SUMEET BANGA
05 Jun 2024
Director appointed
Sumeet Banga (Ceo)
02 May 2024
Director appointed
SUMEET BANGA (CEO)
16 Mar 2023
Director appointed
NAMRATA DHIRAJ SANGHAVI (Company Secretary)
31 Mar 2022
Securities allotted
90000000 Equity Shares - 90.00 cr raised
Securities allotted
1000000 Equity Shares - 1.00 cr raised
Share transfer (FY 2022)
3300.00000000 shares to Limited Bharat Forge
Share transfer (FY 2022)
94.00000000 shares to Limited Bharat Forge
Share transfer (FY 2022)
1.00000000 shares to Kishore Saletore jointly with Bharat Forge Limited
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kvqa Assessment Private Limited U72300DL2009PTC194360 New Delhi, Delhi, India
Gayatri Aero Systems Private Limited U72500TG2019PTC134836 Nampally, Telangana, India
Nikola Innovation Technologies Private Limited U74999KA2020PTC136800 Bangalore, Karnataka, India
High Wings Consultant Private Limited U74999UP2017PTC098641 Raj Nagar, Uttar Pradesh, India
Butterfly Themes Design & Branding Private Limited U74120MH2012PTC232819 Kalyan East, Maharashtra, India
Carbono Private Limited U74990MH2010PTC199573 Mumbai, Maharashtra, India
Rnd Autoplast Private Limited U74999PN2022PTC217442 Kasaba, Maharashtra, India
Kaptan`S Vistas Engineering Pvt.Ltd. U29290MH1992PTC066641 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Bharatforge before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bharatforge: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score n/a, margin trends, ownership structure and peer set for Bharatforge - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Bharatforge pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Bharatforge - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bharatforge an active company?

Bharatforge has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Bharatforge financially healthy?

Bharatforge has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Bharatforge?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bharatforge?

The ultimate holding entity is Bharat Forge Limited. 8 active director(s) are on record.

Does Bharatforge have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Bharatforge up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Bharatforge?

Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.