Tirupati Forge Limited - Due diligence report

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

2012-08-17 Hadamtala, Gujarat Active Listed Active Compliant
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TF Tirupati Forge Limited
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Tirupatiforge — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Tirupatiforge is assessed as Low Risk with a Trust Score of 88/100. Tirupatiforge is an active public limited indian non-government company incorporated in 2012, operating in the Machinery and Equipment 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 low compliance risk and low financial risk profile.

Report generated on 10 Jul 2026 from the latest processed filings. Tirupati Forge Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 8 open (21.83 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Overseas Bank1 48.0 cr
Others7 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: M.B.SARDHARA & ASSOCIATES on 2017-12-01.
  • Delayed payments to MSME suppliers disclosed (18 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
ANAND MOHAN SHRIVASTAVA 01234567 Director 01/04/2018 6 yrs Approved
DARSHNA HITESHBHAI THUMMAR 01234567 Director 01/04/2018 6 yrs Approved
Milan Pravinbhai Sakhiya 01234567 Director 01/04/2018 6 yrs Approved
HITESHKUMAR GORDHANBHAI THUMMAR 01234567 Director 01/04/2018 6 yrs Approved
JAGRUTI NITINKUMAR ERDA 01234567 Director 01/04/2018 6 yrs Approved
ATULBHAI LAXMANBHAI NATU 01234567 Director 01/04/2018 6 yrs Approved
Mallappa Beleri 01234567 Director 01/04/2018 6 yrs Approved
BHAVESHBHAI TULSIBHAI BARASIYA 01234567 Director 01/04/2018 6 yrs Approved
Smita Sachin Ravani 01234567 Director 01/04/2018 6 yrs Approved
Milan Pravinbhai Sakhiya 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 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 2025 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
-
Subsidiaries
-
Group entities
-
Capital events
8 allotment(s) · 2 transfer(s)

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

Key managerial personnel: ATULBHAI LAXMANBHAI NATU (CFO) · BHAVESHBHAI TULSIBHAI BARASIYA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
8 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 86.94 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment90/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 21.83 cr already registered.
  • Compliance record supports lending.
Investor view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
03 Nov 2025
Charge created
Others - 60.01 Lakh
29 Oct 2025
Charge created
Others - 54.16 Lakh
Charge created
Others - 49.13 Lakh
13 Oct 2025
Director appointed
HITESHKUMAR GORDHANBHAI THUMMAR (Nodal Officer)
26 Sep 2025
Charge created
Others - 45.45 Lakh
05 Aug 2025
Last AGM held
Annual general meeting
04 Aug 2025
Director ceased
Mallappa Beleri
14 May 2025
Director appointed
Mallappa Beleri (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Sep 2024
Director appointed
Smita Sachin Ravani (Director)
21 Sep 2024
Director appointed
Milan Pravinbhai Sakhiya (Company Secretary)
10 Sep 2024
Director appointed
Milan Pravinbhai Sakhiya (Company Secretary)
31 Jul 2024
Director ceased
SACHIN PRAFUL RAVANI
30 Jan 2023
Charge created
Others - 29.00 Lakh
30 Sep 2022
Director ceased
JAGRUTI NITINKUMAR ERDA
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Prayas Engineering U27310GJ1963PLC001222 Anand, Gujarat, India
Aequs L80302KA2000PLC026760 Bangalore North, Karnataka, India
Gg Automotive Gears L29130MP1974PLC035049 Dewas, Madhya Pradesh, India
Expo Gas Containers L40200MH1982PLC027837 Mumbai, Maharashtra, India
Jainalco Industries Limited U51909DL2011PLC219737 New Delhi, Delhi, India
Jjg Machining Group U72300KA1996PTC020843 Bangalore, Karnataka, India
R G Bronze U29309TN1996PTC035049 Chennai, Tamil Nadu, India
Coimbatore Pioneer Fertilizers Private Limited U24123TZ1962PTC000436 Coimbatore, Tamil Nadu, India
12

Who Uses This Report

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

Verify Tirupatiforge before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Tirupatiforge: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Tirupatiforge - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Tirupatiforge 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 Tirupatiforge - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Tirupatiforge an active company?

Tirupatiforge has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Tirupatiforge financially healthy?

Tirupatiforge has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Tirupatiforge?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Tirupatiforge?

Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.

Does Tirupatiforge have loans or charges against its assets?

8 open charge(s) are registered against its assets.

Is Tirupatiforge up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Tirupatiforge?

Its Credit Risk Score is 95/100 (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.