Krishanveer Forge Limited - Due diligence report

A 360° intelligence report on Rkforging: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

1990-06-22 Pune, Maharashtra Active Listed Active Compliant
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KF Krishanveer Forge Limited
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  • Director details, charges & MCA documents
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Rkforging — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

Rkforging is assessed as Low Risk with a Trust Score of 78/100. Rkforging is an active public limited indian non-government company incorporated in 1990, 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 low financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Krishanveer Forge Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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 & explainable
Trust ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
45/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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Scores 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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A-).

Charges position: 1 open (20.00 cr) · 10 satisfied (71.56 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of Baroda5 48.0 cr
Others1 48.0 cr
Hdfc Bank Limited2 48.0 cr
The Industrial Finance Corporation Of India Ltd1 48.0 cr
Bank Of Baroda,1 48.0 cr
State Bank Of India1 48.0 cr
Compliance Score: 45/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: SEBI, BSE.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: HARIBHAKTI AND CO, LLP on 2017-01-06.
  • Delayed payments to MSME suppliers disclosed (17 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SUDHA SANTHANAM 01234567 Director 01/04/2018 6 yrs Approved
NITIN SHYAM RAJORE 01234567 Director 01/04/2018 6 yrs Approved
VIRALKUMAR SHIREESHCHANDRA SHAH 01234567 Director 01/04/2018 6 yrs Approved
Mahendra Ravso Samdole 01234567 Director 01/04/2018 6 yrs Approved
ARUN KRISHANKUMAR JINDAL 01234567 Director 01/04/2018 6 yrs Approved
RATANLAL TIKARAM GOEL 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Western India Forgings Pvt Ltd
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Western India Forgings Pvt Ltd Holding Company 74.00%

Key managerial personnel: NITIN SHYAM RAJORE (Whole-time director) · VIRALKUMAR SHIREESHCHANDRA SHAH (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (45/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.22 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 20.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view75/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Nov 2024
Director appointed
Mahendra Ravso Samdole (Company Secretary)
09 Oct 2024
Director ceased
SHILPA SONI
01 Dec 2022
Director appointed
VIRALKUMAR SHIREESHCHANDRA SHAH (CFO)
30 Nov 2022
Director ceased
SHUBHAM ARUN JINDAL
03 Sep 2022
Director ceased
Satish Chandrashekhar Kadrolli
14 May 2022
Director ceased
SUDHA SANTHANAM
01 Dec 2021
Director appointed
NITIN SHYAM RAJORE (Whole-time director)
30 Nov 2021
Director ceased
NITIN SHYAM RAJORE
Director ceased
RATANLAL TIKARAM GOEL
18 Sep 2020
Director ceased
ARUN KRISHANKUMAR JINDAL
11 Feb 2020
Director appointed
ARUN KRISHANKUMAR JINDAL (Director)
03 Jun 2019
Charge satisfied
Hdfc Bank Limited
22 Nov 2018
Charge created
Others - 20.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
United Metalik Private Limited U28997DL2004PTC128626 New Delhi, Delhi, India
Delta Manufacturing Limited L32109MH1982PLC028280 Nashik, Maharashtra, India
Rajhans Impex Private Limited U17111GJ2004PTC043917 Jamnagar, Gujarat, India
Allied Iron Products Private Limited U27109WB2004PTC099075 Kolkata, West Bengal, India
Amma Alloy (India) Private Limited U27310TZ2004PTC011279 Coimbatore, Tamil Nadu, India
Industrial Forging Industries Private Limited U74900WB2016PTC209531 Howrah, West Bengal, India
Supreme Rollform Private Limited U34200MH2012PTC228484 Mumbai, Maharashtra, India
Lakhdatar Ispat Private Limited U27100CT2021PTC011638 Raipur, Chattisgarh, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Rkforging before audits and certifications: compliance score 45/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Rkforging: 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: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Rkforging - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Rkforging 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 Rkforging - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Rkforging an active company?

Rkforging has MCA status “Active” with a compliance score of 45/100 (Caution Indicated).

Is Rkforging financially healthy?

Rkforging has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Rkforging?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Rkforging?

The ultimate holding entity is Western India Forgings Pvt Ltd. 6 active director(s) are on record.

Does Rkforging have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 10 earlier charge(s) stand satisfied.

Is Rkforging up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 45/100 (Caution Indicated).

Is it risky to lend to Rkforging?

Its Credit Risk Score is 90/100 (Low Risk). Banker verdict: Favourable lending indicators.

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.