Promoter holding
64.27%
FF
Flash Forge Private Limited - Due diligence report
A 360° intelligence report on Flash Forge: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Flash Forge — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Flash Forge is assessed as Moderate with a Trust Score of 72/100. Flash Forge is an active private limited indian non-government company incorporated in 1991, operating in the Engineering sector. Reported revenue has declined 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 high compliance risk and moderate financial risk profile.
Report generated on 25 Jul 2026 from the latest processed filings. Flash Forge Private 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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 50/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Externally credit-rated (BB-).
Charges position: 24 open (522.11 cr) · 4 satisfied (4.71 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 12 | 48.0 cr |
| Idbi Bank Limited | 4 | 48.0 cr |
| Reliance Capital Ltd | 6 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Oriental Bank Of Commerce | 3 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: EPFO.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUNIL MENON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAUTAM MAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
| 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 2022 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
2
Group entities
3
Capital events
9 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 |
|---|---|---|
| Ff Flowline Private Limited | Subsidiary Company | 74.00% |
| Cff Fluid Control Private Limited | Subsidiary Company | 74.00% |
| Composite Resin Developing Ltd , Uk | Subsidiary Company | 74.00% |
| Ff Tecron Piping Systems Co.ltd China | Joint Ventures | 74.00% |
| Airotech Profiles (india) Private Limited | Associate Company | 74.00% |
Key managerial personnel: GAUTAM MAKKAR (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
EPFO headcount growing - hiring signal.
Operating for 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (38/100).
24 open charge(s) registered - assets are encumbered.
3 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.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment53/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 24 open charge(s) of 522.11 cr already registered.
- Compliance gaps should be priced into terms.
Investor view64/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2024
Last AGM held
Annual general meeting
05 Sep 2024
Charge created
Others - 1.40 cr
26 Aug 2024
Charge created
Hdfc Bank Limited - 1.50 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
30 Nov 2022
Charge created
Others - 2.59 cr
23 Mar 2022
Charge created
Others - 3.54 cr
15 Feb 2022
Charge created
Idbi Bank Limited - 8.92 cr
29 Oct 2021
Charge created
Others - 2.31 cr
Charge created
Others - 175.21 cr
06 Jul 2020
Charge created
Others - 1.50 cr
31 Mar 2018
Securities allotted
227272 Equity Shares - 2.50 cr raised
23 Feb 2018
Charge created
Others - 1.76 cr
31 Jan 2018
Charge created
Others - 1.69 cr
10 Jan 2018
Charge created
Others - 92.71 Lakh
15 Nov 2017
Charge created
Others - 29.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Growmax India | U25202DL1998PTC092525 | Delhi, Delhi, India |
| Sarvesh | U25200TZ2009PTC015070 | Chennimalai, Tamil Nadu, India |
| Jrseamless | U74999TG2007PTC053530 | Hyderabad, Telangana, India |
| Creanza Ceramic Private Limited | U26933GJ2014PTC079715 | Morbi, Gujarat, India |
| Talenteq Technology ( India) Private Limited | U31905UP2019FTC121087 | Greater Noida, Uttar Pradesh, India |
| Rockwool India | U13209TN1987PTC153597 | Chennai, Tamil Nadu, India |
| Prompt Barrier Films Private Limited | U74120TN2016PTC104367 | Virudhunagar, Tamil Nadu, India |
| Silvin | U25200GJ2014PTC079826 | Daskroi, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Flash Forge before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Flash Forge: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Flash Forge - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Flash Forge pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Flash Forge - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Flash Forge an active company?
Flash Forge has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Flash Forge financially healthy?
Flash Forge has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Flash Forge?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Flash Forge?
Promoters hold the largest single block of equity - exact percentages are in the full report. 2 active director(s) are on record.
Does Flash Forge have loans or charges against its assets?
24 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Flash Forge up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Flash Forge?
Its Credit Risk Score is 50/100 (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.
