Promoter holding
64.27%
BF
Bharat Forge Ltd - Due diligence report
A 360° intelligence report on Kalyani Group: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Kalyani Group — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Kalyani Group is assessed as Moderate with a Trust Score of 67/100. Kalyani Group is an active public limited indian non-government company incorporated in 1961, operating in the Engineering sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Bharat Forge Ltd snapshot & full profile →
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 & explainableTrust ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 70/100 Moderate
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 18 open (4,083.72 cr) · 37 satisfied (4,709.58 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 13 | 48.0 cr |
| Gda Trusteeship Limited | 3 | 48.0 cr |
| Calyon | 1 | 48.0 cr |
| Export Import Bank Of India | 7 | 48.0 cr |
| Bank Of Baroda | 3 | 48.0 cr |
| Bank Of Maharashtra | 6 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: CDSL, SEBI.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 11 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KEDAR PRAKASH DIXIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KANWAR BIR SINGH ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH EKNATH TANDALE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BASAVRAJ PRABHAKAR KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BABASAHEB NEELKANTH KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT BABASAHEB KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TEJASWINI RAMKRISHNA CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RASHMI SATISH JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TEJASWINI RAMKRISHNA CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KEDAR PRAKASH DIXIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPAK BALASAHEB MANE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAND SWARUP PATHAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONIA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH BHARAT RAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
8
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bf Industrial Solutions Limited | Subsidiary Company | 74.00% |
| Bf Industrial Technology & Solutions Limited | Subsidiary Company | 74.00% |
| Bf Infrastructure Limited | Subsidiary Company | 74.00% |
| Bharat Forge Aluminiumtechnik Gmbh | Subsidiary Company | 74.00% |
| Bharat Forge Aluminum Usa, Inc | Subsidiary Company | 74.00% |
| Bharat Forge America Inc | Subsidiary Company | 74.00% |
| Bharat Forge Cdp Gmbh | Subsidiary Company | 74.00% |
| Bharat Forge Daun Gmbh | Subsidiary Company | 74.00% |
| Bharat Forge Global Holding Gmbh | Subsidiary Company | 74.00% |
| Bharat Forge Holding Gmbh | Subsidiary Company | 74.00% |
Key managerial personnel: KEDAR PRAKASH DIXIT (CFO) · SUBODH EKNATH TANDALE (Whole-time director) · BASAVRAJ PRABHAKAR KALYANI (Whole-time director) · BABASAHEB NEELKANTH KALYANI (Managing Director) · AMIT BABASAHEB KALYANI (Whole-time director) · KEDAR PRAKASH DIXIT (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 65+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
Compliance score is weak (42/100).
18 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 12,909.32.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 18 open charge(s) of 4,083.72 cr already registered.
- Compliance gaps should be priced into terms.
Investor view75/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events07 Aug 2025
Last AGM held
Annual general meeting
25 Apr 2025
Charge satisfied
Bank Of India
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Mar 2025
Charge created
Bank Of India - 3,400.00 cr
13 Feb 2025
Director ceased
RASHMI SATISH JOSHI
Director ceased
RAVI KAPOOR
30 Dec 2024
Director appointed
RASHMI SATISH JOSHI (Director)
08 Aug 2024
Director ceased
ANAND SWARUP PATHAK
12 Jul 2024
Director appointed
ANAND SWARUP PATHAK (Director)
11 Oct 2023
Director ceased
ASHISH BHARAT RAM
01 Sep 2023
Director appointed
ASHISH BHARAT RAM (Director)
21 Jul 2023
Director appointed
KEDAR PRAKASH DIXIT (CFO)
01 Jul 2023
Director appointed
KEDAR PRAKASH DIXIT (CFO)
29 Jun 2023
Director appointed
TEJASWINI RAMKRISHNA CHAUDHARI (Company Secretary)
12 Aug 2022
Director ceased
KANWAR BIR SINGH ANAND
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
14 active director(s) / partner(s); board looks stable and experienced.
11 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
55 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Bansal Steel Manufacturing Private Limited | U27320MP2018PTC046107 | Huzur, Madhya Pradesh, India |
| Hind Aluminium Industries Limited | L28920MH1987PLC043472 | Mumbai, Maharashtra, India |
| Akc Engineering Limited | L27109WB1957PLC023360 | Kolkata, West Bengal, India |
| Nirav Commercials Limited | L51900MH1985PLC036668 | Mumbai, Maharashtra, India |
| Kalpataru Power Transmission | L40100GJ1981PLC004281 | Gandhinagar, Gujarat, India |
| Southern Magnesium And Chemicals Limited | L27109TG1985PLC005303 | Hyderabad, Telangana, India |
| Hindusthan Udyog | L27120WB1947PLC015767 | Kolkata, West Bengal, India |
| Smiths & Founders | L85110KA1990PLC011303 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Kalyani Group before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Kalyani Group: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Kalyani Group - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Kalyani Group pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Kalyani Group - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Kalyani Group an active company?
Kalyani Group has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Kalyani Group financially healthy?
Kalyani Group has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Kalyani Group?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Kalyani Group?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Kalyani Group have loans or charges against its assets?
18 open charge(s) are registered against its assets, and 37 earlier charge(s) stand satisfied.
Is Kalyani Group up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Kalyani Group?
Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
