Varad Forge Private Limited - Due diligence report

A 360° intelligence report on Varad Forge Private Limited: trust score, financial health, credit view, compliance, directors, growth and dis…

2011-01-06 Pune, Maharashtra Active Unlisted Active Compliant
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Varad Forge Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Varad Forge Private Limited is assessed as Moderate with a Trust Score of 58/100. Varad Forge Private Limited is an active private limited indian non-government company incorporated in 2011, operating in the Machinery and Equipment 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 moderate compliance risk and high financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Varad Forge Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
51/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate

    Charges position: 1 open (4.58 cr) · 2 satisfied (7.40 cr).

    Banking relationships (from registered charges)
    LenderChargesAmount
    Bank Of Baroda1 48.0 cr
    Yes Bank Limited1 48.0 cr
    Others1 48.0 cr
    Compliance Score: 51/100 Moderate
    • Company status is Active as per MCA.
    • Balance sheet slightly behind (Mar 2024).
    • Flagged by authority: NCLT.
    • Litigation present in 1 court forum(s).
    • 1 active GST registration(s).
    Legal cases on record (1)
    05

    Director Intelligence

    Stability score: 95/100
    NameDIN / PANDesignationAppointedTenureDIN status
    VARSHA SANGRAM DESAI 01234567 Director 01/04/2018 6 yrs Approved
    SANGRAM KIRTIKUMAR DESAI 01234567 Director 01/04/2018 6 yrs Approved
    RAJESH ANKUSHRAO TOPE 01234567 Director 01/04/2018 6 yrs Approved
    • 3 directors on the board.
    • No disqualified or deactivated DINs.
    • Stable board - no exits in 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
    -
    Subsidiaries
    -
    Group entities
    -
    Capital events
    1 allotment(s) · 5 transfer(s)

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

    Key managerial personnel: SANGRAM KIRTIKUMAR DESAI (Managing Director)

    Full shareholding pattern, group structure & capital events →

    07

    Risk Intelligence Center

    Growth 60 · Distress 55
    Growth signals & trust indicators
    Steady revenue growth: +38% over 4 year(s).
    Operating for 15+ years.
    Active EPFO - real payroll on record.
    Active GST registration(s).
    Distress signals & risk flags
    Losses deepening year-on-year.
    Negative net worth.
    Compliance score is weak (51/100).
    1 open charge(s) registered - assets are encumbered.
    1 court case(s) on record - see the legal section for details.
    08

    Stakeholder Verdicts

    Vendor · Banker · Investor
    Vendor due diligence54/100
    Review suggested
    Suitability as a supplier / customer counterparty.
    • Check the compliance flags before onboarding.
    • 2 distress signal(s) - see Risk Center.
    • Financial filings available for verification.
    Banker assessment44/100
    Enhanced diligence advised
    Indicative lending comfort for banks, NBFCs and trade credit.
    • Debt capacity assessed from filed statements.
    • 1 open charge(s) of 4.58 cr already registered.
    • Compliance gaps should be priced into terms.
    Investor view46/100
    Mixed 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 Mar 2025
    Charge satisfied
    Bank Of Baroda
    10 Jan 2025
    Charge created
    Yes Bank Limited - 4.58 cr
    30 Sep 2024
    Last AGM held
    Annual general meeting
    31 Mar 2024
    Latest balance sheet
    Filed with ROC
    29 Nov 2021
    Director ceased
    SANGRAM KIRTIKUMAR DESAI
    07 Jun 2021
    Charge satisfied
    Others
    31 Mar 2021
    Share transfer (FY 2021)
    1.00000000 shares to VARSHA SANGRAM DESAI
    04 Dec 2019
    Charge created
    Others - 1.35 cr
    31 Mar 2019
    Share transfer (FY 2019)
    1.00000000 shares to Kritikumar Desai
    Share transfer (FY 2019)
    1.00000000 shares to Mrs. Shradha TOPE
    Share transfer (FY 2019)
    1.00000000 shares to Mr. Vikaram Ghorpade
    Share transfer (FY 2019)
    1.00000000 shares to Mr. Yash Desai
    02 Mar 2012
    Securities allotted
    490000.00 Equity Shares - 49.00 Lakh raised
    30 Dec 2011
    Director ceased
    RAJESH ANKUSHRAO TOPE
    08 Aug 2011
    Director appointed
    RAJESH ANKUSHRAO TOPE (Director)
    10

    Key Observations

    Auto-generated from the data above
    Revenue grew 1.42 over the last 4 financial year(s).
    Net profit margin moved from 2.1x to 24%.
    3 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 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 1 security allotment(s) - amounts available in the full report.
    11

    Peers & Related Companies

    Full peer comparison →
    CompanyCINLocation
    India Steel L24310MH1987PLC043186 Khopoli, Maharashtra, India
    Badri Exports Private Limited U51909TG2006PTC052118 Hyderabad, Telangana, India
    Accurate Ball Industries P. Ltd. U29130RJ1989PTC004894 Jaipur., Rajasthan, India
    Prudent Casting Private Limited U27320WB2020PTC240918 Dhaniakhali, West Bengal, India
    General Foundries Pvt. Limited U27101KA1976PTC003030 Bangalore, Karnataka, India
    Silverx Strips Industries Private Limited U28100MH2017PTC303103 Jalna, Maharashtra, India
    Real Fasteners Private Limited U28111GJ2015PTC085523 Ahmedabad, Gujarat, India
    Tirupati Bright Bars Private Limited U27100MH1995PTC085256 Pune, Maharashtra, India
    12

    Who Uses This Report

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

    Verify Varad Forge Private Limited before audits and certifications: compliance score 51/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

    Company Secretaries (CS)

    Track statutory health of Varad Forge Private Limited: 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: Enhanced diligence advised. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

    Investors & Analysts

    Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Varad Forge Private Limited - screening before a deeper diligence.

    Vendors & Procurement Teams

    Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Varad Forge Private Limited 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 Varad Forge Private Limited - groundwork for KYC, onboarding and disputes.

    13

    Frequently Asked Questions

    Is Varad Forge Private Limited an active company?

    Varad Forge Private Limited has MCA status “Active” with a compliance score of 51/100 (Moderate).

    Is Varad Forge Private Limited financially healthy?

    Varad Forge Private Limited has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

    Should I do business with Varad Forge Private Limited?

    Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

    Who controls Varad Forge Private Limited?

    Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

    Does Varad Forge Private Limited have loans or charges against its assets?

    1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

    Is Varad Forge Private Limited up to date with its ROC filings?

    Balance sheet slightly behind (Mar 2024). Overall compliance score: 51/100 (Moderate).

    Is it risky to lend to Varad Forge Private Limited?

    Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Enhanced diligence advised.

    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.