Promoter holding
64.27%
SF
Squad Forging India Private Limited - Due diligence report
A 360° intelligence report on Squad Forging India: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Squad Forging India — 360° Intelligence Report
Generated from MCA filings & public records89/100
Trust Score
Low Risk
Squad Forging India is assessed as Low Risk with a Trust Score of 89/100. Squad Forging India is an active private limited indian non-government company incorporated in 2011, operating in the Engineering sector. The company has shown revenue growth 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 low compliance risk and moderate financial risk profile.
Report generated on 15 Aug 2026 from the latest processed filings. Squad Forging India 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 ScoreLow Risk
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
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 ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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.
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
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Externally credit-rated (BB+).
Charges position: 1 open (41.87 cr) · 2 satisfied (53.94 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Export-Import Bank Of India | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BRUNO GUY MARIE DURAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sahil Keshav Moghe | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHAN SHIVAMURTHY DURVIGERE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DURVIGERE SHIVAMURTHY MOHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV KAUL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| XAVIER PIERRON | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHAMED BOUZIDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pierre Francis A Rega | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Etienne Francois Marie Galan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 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 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
36 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: MOHAN SHIVAMURTHY DURVIGERE (CEO) · DURVIGERE SHIVAMURTHY MOHAN (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence94/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 41.87 cr already registered.
- Compliance record supports lending.
Investor view81/100
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 events08 Nov 2025
Director appointed
Etienne Francois Marie Galan (Nominee Director)
27 Sep 2025
Last AGM held
Annual general meeting
19 May 2025
Director appointed
Pierre Francis A Rega (Nominee Director)
Director ceased
BRUNO GUY MARIE DURAND
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Jun 2024
Director appointed
Sahil Keshav Moghe (Company Secretary)
01 Mar 2024
Director appointed
BRUNO GUY MARIE DURAND (Nominee Director)
27 Feb 2024
Director ceased
FREDERIC ABEL HENRI LEROY
24 Jan 2024
Charge satisfied
Export-Import Bank Of India
01 Nov 2022
Securities allotted
7380000 Equity Shares - 7.38 cr raised
27 May 2022
Securities allotted
6975000 Equity Shares - 6.98 cr raised
19 Mar 2022
Securities allotted
8880000 Equity Shares - 8.88 cr raised
17 Mar 2022
Charge satisfied
Export-Import Bank Of India
19 Jan 2022
Securities allotted
3749294 Equity Shares - 3.75 cr raised
13 Dec 2021
Securities allotted
3675000 Equity Shares - 3.68 cr raised
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 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 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 BB+ from Icra.
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 36 security allotment(s) - amounts available in the full report.
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| Accurate Brass Industries Private Limited | U27109GJ2022PTC131227 | Jamnagar, Gujarat, India |
| Gb Kore Arc Private Limited | U51909TN2019PTC130172 | Pattaravakkam, Tamil Nadu, India |
| Galaxy Exports Pvt Ltd | U70200JH1992PTC003448 | Chandil, Jharkhand, India |
| Rushas Engineering Company Private Limited | U29199MH1978PTC020628 | Ahmednagar, Maharashtra, India |
| Chennai Metco Private Limited | U27109TN2000PTC046315 | Chennai - 600 058., Tamil Nadu, India |
| Sadashiv Ispat Private Limited | U27101CH1997PTC020160 | Chandigarh, Chandigarh, India |
| Caparo Mi Steel Processing Private Limited | U34300DL2007PTC158139 | New Delhi, Delhi, India |
| H P Valves & Fittings India Private Limited | U29120TN2008PTC067808 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Squad Forging India before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Squad Forging India: 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 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 85/100, margin trends, ownership structure and peer set for Squad Forging India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Squad Forging India pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Squad Forging India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Squad Forging India an active company?
Squad Forging India has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Squad Forging India financially healthy?
Squad Forging India has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Squad Forging India?
Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Squad Forging India?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Squad Forging India have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.
Is Squad Forging India up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).
Is it risky to lend to Squad Forging India?
Its Credit Risk Score is 60/100 (Moderate). 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.
