Promoter holding
64.27%
EL
E L Forge Limited - Due diligence report
A 360° intelligence report on Elforge (Occ): trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Elforge (Occ) — 360° Intelligence Report
Generated from MCA filings & public records59/100
Trust Score
Moderate
Elforge (Occ) is assessed as Moderate with a Trust Score of 59/100. Elforge (Occ) is an active public limited indian non-government company incorporated in 1934, operating in the Machinery and Equipment sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. E L Forge Limited 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
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
63/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
Charges position: 1 open (10.00 cr) · 30 satisfied (532.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Asset Reconstruction Company (India) Limited | 5 | 48.0 cr |
| Edelweiss Asset Reconstruction Company Limited | 8 | 48.0 cr |
| Axis Bank Ltd | 7 | 48.0 cr |
| The Royal Bank Of Scotland | 1 | 48.0 cr |
| Abn Amro Bank Nv | 1 | 48.0 cr |
| Sbi Factors & Commercial Services (P) Ltd | 1 | 48.0 cr |
Compliance Score: 63/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, EPFO.
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SRINIVASAN BALAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KORUKKAI RAMACHANDRAN SRIHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAGOPAL SOWMITHRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAGOPAL SOWMITHRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHUBHA GANESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMACHANDRAN KORUKKAI VISWESWARAN SRIHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATARAMAN SRIKANTH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KORUKKAI RAMACHANDRAN VISWESWARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sowmithri Rajagopal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Korukkai Ramachandran Srihari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sujeetha Govindarajan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- SRINIVASAN BALAKRISHNAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Shakespeare Forgings Ltd | Associate Company | 74.00% |
Key managerial personnel: KORUKKAI RAMACHANDRAN SRIHARI (CEO) · RAMACHANDRAN KORUKKAI VISWESWARAN SRIHARI (CEO) · KORUKKAI RAMACHANDRAN VISWESWARAN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 70
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
EPFO headcount growing - hiring signal.
Operating for 91+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 10.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view54/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events20 Jun 2025
Last AGM held
Annual general meeting
10 Apr 2025
Director appointed
Sujeetha Govindarajan (Cfo)
31 Mar 2025
Latest balance sheet
Filed with ROC
08 May 2023
Director ceased
NIVEDITA LAKSHMI RATAN
01 Apr 2022
Director appointed
KORUKKAI RAMACHANDRAN SRIHARI (CEO)
Director appointed
RAMACHANDRAN KORUKKAI VISWESWARAN SRIHARI (CEO)
Director appointed
Korukkai Ramachandran Srihari (Ceo)
24 Mar 2022
Director ceased
SRINIVASAN VENKATARAMAN
13 Oct 2021
Director appointed
SRINIVASAN BALAKRISHNAN (Director)
Director ceased
VRAMACHANDRAN
30 Jul 2021
Director appointed
SHUBHA GANESH (Director)
10 Feb 2021
Director ceased
ARON RAKKESH JOSHUA JEBA SINGH
03 Feb 2021
Charge satisfied
Sbi Factors & Commercial Services (P) Ltd
15 Dec 2020
Charge satisfied
Edelweiss Asset Reconstruction Company Limited
25 Nov 2020
Charge satisfied
Asset Reconstruction Company (India) Limited
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%.
11 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
3 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Paprika Oleo'S (India) Limited | U52599TN1992PLC022100 | Virudhunagar, Tamil Nadu, India |
| Hanuman Roller Flour Mills Ltd | U15313PB1992PLC012560 | Sunam, Punjab, India |
| India Dairy Products Ltd. | U01211WB1993PLC057448 | Saltlake, West Bengal, India |
| Pahari Mata Roller Flour Mills Pvt Ltd | U10205WB1987PTC042637 | Rajganj, West Bengal, India |
| Bee Hive Farms Private Limited | U15316CH2014PTC035094 | Chandigarh, Chandigarh, India |
| Bai-Kakaji Aquasure Solutions Private Limited | U15499MH2016PTC280875 | Latur, Maharashtra, India |
| Vedansh Pulses Private Limited | U15313MP2013PTC030373 | Indore, Madhya Pradesh, India |
| Klr Agro Private Limited | U15319WB2005PTC102157 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Elforge (Occ) before audits and certifications: compliance score 63/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Elforge (Occ): 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Elforge (Occ) - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Elforge (Occ) pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Elforge (Occ) - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Elforge (Occ) an active company?
Elforge (Occ) has MCA status “Active” with a compliance score of 63/100 (Moderate).
Is Elforge (Occ) financially healthy?
Elforge (Occ) has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Elforge (Occ)?
Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Elforge (Occ)?
Promoters hold the largest single block of equity - exact percentages are in the full report. 11 active director(s) are on record.
Does Elforge (Occ) have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.
Is Elforge (Occ) up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 63/100 (Moderate).
Is it risky to lend to Elforge (Occ)?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
