True Forge Pvt Ltd - Due diligence report

A 360° intelligence report on True Forge Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1980-12-29 New Delhi, Delhi Active Unlisted Active Compliant
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TF True Forge Pvt Ltd
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True Forge Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

True Forge Pvt Ltd is assessed as Low Risk with a Trust Score of 86/100. True Forge Pvt Ltd is an active private limited indian non-government company incorporated in 1980, operating in the Metals and Minerals 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 22 Jul 2026 from the latest processed filings. True Forge Pvt Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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 access

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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 7 open (17.04 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank4 48.0 cr
Others1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Oriental Bank Of Commerce1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
ASHA MAKKER 01234567 Director 01/04/2018 6 yrs Approved
RAVINDER KUMAR MAKKER 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2021)
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
-
Subsidiaries
-
Group entities
-
Capital events
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 45+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
7 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 17.04 cr already registered.
  • Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
03 Dec 2024
Director ceased
NANDINI CHUGH
28 Nov 2024
Director appointed
ASHA MAKKER (Additional Director)
Director appointed
RAVINDER KUMAR MAKKER (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Sep 2023
Director ceased
DIVYEH CHUGH
Director ceased
VAIBHAV CHUGH
30 Mar 2023
Charge created
Others - 4.00 cr
31 Oct 2022
Charge created
Canara Bank - 12.10 cr
21 Apr 2022
Charge created
Hdfc Bank Limited - 6.38 Lakh
31 Dec 2020
Director ceased
ASHA MAKKER
01 Nov 2019
Director ceased
TARA DEVI LAL
10 May 2018
Director ceased
VANDANA MAKKER
15 Jul 2015
Charge created
Canara Bank - 5.92 Lakh
01 Oct 2011
Director ceased
KIRAN BHAGAT
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.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 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 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
Sri Padmavati Energy Solutions (India) Private Limited U31908TG2010PTC067217 Hyderabad, Telangana, India
Ability Technocast U28999GJ2020PTC118627 Rajkot, Gujarat, India
Concord Helmet & Safety Products Private Limited U74999TN2008PTC069772 Chennai, Tamil Nadu, India
Mangalam Steelcast Private Limited U27100GJ1995PTC025270 Dist Vadodara, Gujarat, India
Amar Wood Industries Private Limited. U26291TG1986PTC006485 Phase-Ii, Hayatnagar,, Telangana, India
Arcelormittal Neel Tt Private Limited U28110GJ2020PTC115795 Mandal, Gujarat, India
Safil Industries Private Limited U36900KL2011PTC030119 Kollam, Kerala, India
Trucut Tools U29253TN2013PTC090050 Chennai, Tamil Nadu, India
12

Who Uses This Report

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

Verify True Forge Pvt Ltd before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of True Forge Pvt Ltd: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for True Forge Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether True Forge Pvt Ltd 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 True Forge Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is True Forge Pvt Ltd an active company?

True Forge Pvt Ltd has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is True Forge Pvt Ltd financially healthy?

True Forge Pvt Ltd has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with True Forge Pvt Ltd?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls True Forge Pvt Ltd?

Promoters hold a majority stake - exact percentages are in the full report. 2 active director(s) are on record.

Does True Forge Pvt Ltd have loans or charges against its assets?

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

Is True Forge Pvt Ltd up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to True Forge Pvt Ltd?

Its Credit Risk Score is 35/100 (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.