Promoter holding
64.27%
RF
Ramkrishna Forgings Ltd - Due diligence report
A 360° intelligence report on Ramkrishna Forgings: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Ramkrishna Forgings — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
Ramkrishna Forgings is assessed as Moderate with a Trust Score of 64/100. Ramkrishna Forgings is an active public limited indian non-government company incorporated in 1981, operating in the Automotive 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 14 Aug 2026 from the latest processed filings. Ramkrishna Forgings 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 ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 41 open (4,751.66 cr) · 89 satisfied (6,299.74 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 56 | 48.0 cr |
| State Bank Of India | 8 | 48.0 cr |
| Axis Bank Limited | 7 | 48.0 cr |
| Hdfc Bank Limited | 7 | 48.0 cr |
| Idbi Bank Limited | 5 | 48.0 cr |
| Standard Chartered Bank | 6 | 48.0 cr |
Compliance Score: 20/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: JITENDRA K AGARWAL & ASSOCIATES on 2017-08-03.
- Delayed payments to MSME suppliers disclosed (72 disclosure(s)).
- 7 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY KOTHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| REKHA SHREERATAN BAGRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHAITANYA JALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDIPAN CHAKRAVORTTY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHABIR PRASAD JALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALIT KUMAR KHETAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUCHARITA BASU DE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARTHA SARATHI BHATTACHARYYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH MUNDHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Lalit Kumar Khetan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH MUNDHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARESH JALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILESH GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANAVEER SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
4
Group entities
5
Capital events
17 allotment(s) · 2 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Acil Limited | Subsidiary Company | 74.00% |
| Globe All India Services Limited | Subsidiary Company | 74.00% |
| Multitech Auto Private Limited | Subsidiary Company | 74.00% |
| Ramkrishna Casting Solutions Limited | Subsidiary Company | 74.00% |
| Ramkrishna Forgings Llc | Subsidiary Company | 74.00% |
| Ramkrishna Titagarh Rail Wheels Limited | Joint Ventures | 74.00% |
Key managerial personnel: CHAITANYA JALAN (Whole-time director) · LALIT KUMAR KHETAN (Whole-time director) · Lalit Kumar Khetan (CFO) · NARESH JALAN (Managing Director) · MILESH GANDHI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
Compliance score is weak (20/100).
41 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.27 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence51/100
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 assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 41 open charge(s) of 4,751.66 cr already registered.
- Compliance gaps should be priced into terms.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events10 Dec 2025
Charge satisfied
Others
04 Dec 2025
Charge satisfied
Idbi Bank Limited
27 Nov 2025
Charge satisfied
Others
26 Nov 2025
Charge satisfied
State Bank Of India
25 Nov 2025
Charge satisfied
Others
07 Nov 2025
Charge created
Others - 100.00 cr
30 Oct 2025
Charge created
Others - 150.00 cr
16 Oct 2025
Charge satisfied
Canara Bank
13 Oct 2025
Charge satisfied
Standard Chartered Bank
22 Sep 2025
Charge created
Yes Bank Limited - 150.00 cr
03 Sep 2025
Charge satisfied
Others
04 Apr 2025
Charge created
Others - 90.00 cr
28 Mar 2025
Charge satisfied
Axis Bank Limited
27 Mar 2025
Charge created
Others - 100.00 cr
13 Mar 2025
Charge created
Axis Bank Limited - 222.11 cr
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.
14 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Indiarating.
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.
Capital has been raised through 17 security allotment(s) - amounts available in the full report.
11 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Nbcbearings | U29130WB1946PLC013643 | Calcutta, West Bengal, India |
| Super Shakti | U27109WB1995PLC072223 | Kolkata, West Bengal, India |
| Sunflag Iron & Ste | L27100MH1984PLC034003 | Nagpur, Maharashtra, India |
| Sarda Energy & Minerals | L27100MH1973PLC016617 | Nagpur, Maharashtra, India |
| Jcapcpl | U27310WB2011PTC160845 | Kolkata, West Bengal, India |
| Craftsman Automation | L28991TZ1986PLC001816 | Coimbatore, Tamil Nadu, India |
| Goodluck | L74899DL1986PLC050910 | New Delhi, Delhi, India |
| Uttam | U27100MH1970PLC014621 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ramkrishna Forgings before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ramkrishna Forgings: 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 45/100, 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 Ramkrishna Forgings - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Ramkrishna Forgings 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 Ramkrishna Forgings - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ramkrishna Forgings an active company?
Ramkrishna Forgings has MCA status “Active” with a compliance score of 20/100 (Caution Indicated).
Is Ramkrishna Forgings financially healthy?
Ramkrishna Forgings has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Ramkrishna Forgings?
Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ramkrishna Forgings?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Ramkrishna Forgings have loans or charges against its assets?
41 open charge(s) are registered against its assets, and 89 earlier charge(s) stand satisfied.
Is Ramkrishna Forgings up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 20/100 (Caution Indicated).
Is it risky to lend to Ramkrishna Forgings?
Its Credit Risk Score is 45/100 (Caution Indicated). 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.
