Promoter holding
64.27%
FI
Forge India Pvt Ltd - Due diligence report
A 360° intelligence report on Forge India Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Forge India Pvt Ltd — 360° Intelligence Report
Generated from MCA filings & public records37/100
Trust Score
Caution Indicated
Forge India Pvt Ltd is assessed as Caution Indicated with a Trust Score of 37/100. Forge India Pvt Ltd is an active private limited indian non-government company incorporated in 1981, operating in the Machinery and Equipment 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 high financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Forge India Pvt 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 ScoreCaution Indicated
37/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
25/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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: 16 open (49.63 cr) · 12 satisfied (6.04 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 4 | 48.0 cr |
| Small Industries Development Bank Of India | 9 | 48.0 cr |
| State Bank Of Patiala | 9 | 48.0 cr |
| Small Industries Developlment Bank Of India | 1 | 48.0 cr |
| Small Industries Development Bank Of India (Sidbi) | 1 | 48.0 cr |
| H.P.Financial Corporation | 1 | 48.0 cr |
Compliance Score: 25/100 Caution Indicated
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2023 - filings overdue.
- Flagged by authority: NCLT, EPFO.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJESH KUMAR BEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALOK SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AAMRISH KUMAR MURARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- AAMRISH KUMAR MURARI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
| 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
1 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Horizon Metaltech Pvt Ltd | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 45
Growth signals & trust indicators
Operating for 45+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (25/100).
16 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 diligence35/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment26/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 16 open charge(s) of 49.63 cr already registered.
- Compliance gaps should be priced into terms.
Investor view27/100
Limited indicators at present
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 events23 Oct 2023
Director appointed
AAMRISH KUMAR MURARI (Additional Director)
30 Sep 2023
Last AGM held
Annual general meeting
29 Sep 2023
Director ceased
RAJESH KUMAR BEDI
27 Sep 2023
Director appointed
RAJESH KUMAR BEDI (Director)
Director ceased
SUNITA SHARMA
31 Mar 2023
Latest balance sheet
Filed with ROC
31 Mar 2019
Share transfer (FY 2019)
10.00000000 shares to ANIL CHAWLA
06 Feb 2019
Director ceased
AMITABH SHARMA
26 Dec 2018
Director ceased
ADITYA SHARDA
Director ceased
RAJESH RATH
31 Mar 2016
Share transfer (FY 2016)
10.00000000 shares to VIKAS
29 Mar 2015
Director ceased
ASHOK KUMAR ARORA
08 May 2014
Charge created
Canara Bank - 1.50 cr
06 Feb 2014
Securities allotted
12800.00 Equity Shares - 32.00 Lakh raised
24 Jan 2014
Charge created
Small Industries Development Bank Of India - 6.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
3 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake 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 1 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Forge India Pvt Ltd before audits and certifications: compliance score 25/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Forge India Pvt Ltd: 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: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Forge India Pvt Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 37/100, distress signals and MSME payment-delay disclosures - know whether Forge India Pvt Ltd 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 Forge India Pvt Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Forge India Pvt Ltd an active company?
Forge India Pvt Ltd has MCA status “Active” with a compliance score of 25/100 (Caution Indicated).
Is Forge India Pvt Ltd financially healthy?
Forge India Pvt Ltd has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Forge India Pvt Ltd?
Its overall Trust Score is 37/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Forge India Pvt Ltd?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Forge India Pvt Ltd have loans or charges against its assets?
16 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.
Is Forge India Pvt Ltd up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 25/100 (Caution Indicated).
Is it risky to lend to Forge India Pvt Ltd?
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.
