Promoter holding
64.27%
KF
Kalyani Forge Limited - Due diligence report
A 360° intelligence report on Kalyani Forge: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Kalyani Forge — 360° Intelligence Report
Generated from MCA filings & public records59/100
Trust Score
Moderate
Kalyani Forge is assessed as Moderate with a Trust Score of 59/100. Kalyani Forge is an active public limited indian non-government company incorporated in 1979, 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 31 Jul 2026 from the latest processed filings. Kalyani 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 ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 60/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (BBB+).
Charges position: 4 open (130.95 cr) · 24 satisfied (481.51 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India Industrial Finance Branch Lead Bank | 2 | 48.0 cr |
| State Bank Of India | 4 | 48.0 cr |
| Others | 5 | 48.0 cr |
| Bank Of Maharashtra | 7 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Dbs Bank Ltd. | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- 3 auditor resignation(s) filed - latest: K.S.Aiyar & Co. on 2023-06-16.
- Delayed payments to MSME suppliers disclosed (29 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AJAY HARI TANDON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SWAMINATHAN VISWANATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JEEVAN MAHALDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROHINI GAURISHANKAR KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAURISHANKAR NEELKANTH KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIRAJ GAURISHANKAR KALYANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHIJIT SEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nilesh Subhashrao Bandale | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rachana Shreebhagwan Agarwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- SWAMINATHAN VISWANATHAN 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 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 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
-
Group entities
-
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
Key managerial personnel: VIRAJ GAURISHANKAR KALYANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 47+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (32/100).
4 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 11.30 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence53/100
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 assessment56/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 130.95 cr already registered.
- Compliance gaps should be priced into terms.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events12 Nov 2025
Director appointed
SWAMINATHAN VISWANATHAN (Additional Director)
29 Aug 2025
Last AGM held
Annual general meeting
04 Aug 2025
Charge satisfied
State Bank Of India
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Mar 2025
Charge created
Others - 53.00 cr
05 Dec 2024
Director appointed
Nilesh Subhashrao Bandale (Cfo)
14 Sep 2024
Director appointed
Rachana Shreebhagwan Agarwal (Company Secretary)
25 Jul 2024
Director ceased
AJAY HARI TANDON
Director ceased
JEEVAN MAHALDAR
01 Jul 2024
Charge created
State Bank Of India - 22.95 cr
30 May 2024
Director appointed
JEEVAN MAHALDAR (Director)
27 Apr 2024
Director appointed
AJAY HARI TANDON (Director)
29 Jul 2023
Charge created
Others - 25.00 cr
26 Jul 2022
Charge satisfied
Others
Charge satisfied
State Bank Of India Industrial Finance Branch Lead Bank
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB+ from Crisil.
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.
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| Mindasilca | U34300DL2002PTC116824 | Delhi, Delhi, India |
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| Indsil Hydro Power And Manganese | L27101TZ1990PLC002849 | Coimbatore, Tamil Nadu, India |
| Purva Metal Sections Private Limited | U72900KA2000PTC027944 | Bangalore, Karnataka, India |
| Flowlinksystems | U29120TZ1992PTC003779 | Coimbatore, Tamil Nadu, India |
| Divgi-Tts | L32201MH1964PLC013085 | Pune, Maharashtra, India |
| Galagroup | L29268MH2009PLC190522 | Thane, Maharashtra, India |
| Bimetal Bearings | L29130TN1961PLC004466 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Kalyani Forge before audits and certifications: compliance score 32/100, 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 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Kalyani Forge - 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 Kalyani Forge pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Kalyani Forge - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Kalyani Forge an active company?
Kalyani Forge has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Kalyani Forge financially healthy?
Kalyani Forge has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Kalyani Forge?
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 Kalyani Forge?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Kalyani Forge have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 24 earlier charge(s) stand satisfied.
Is Kalyani Forge up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Kalyani Forge?
Its Credit Risk Score is 60/100 (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.
