Veltech Forging Private Limited - Due diligence report

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

1994-07-07 Thane, Maharashtra Active Unlisted Active Compliant
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Veltech Forging Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
90/100
Trust Score
Low Risk

Veltech Forging Private Limited is assessed as Low Risk with a Trust Score of 90/100. Veltech Forging Private Limited is an active private limited indian non-government company incorporated in 1994, 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 25 Oct 2026 from the latest processed filings. Veltech Forging Private Limited 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
90/100
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
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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.

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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: 60/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.
  • Externally credit-rated (BB-).

Charges position: 8 open (9.63 cr) · 10 satisfied (21.12 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others9 48.0 cr
State Bank Of India1 48.0 cr
Rupee Co-Operative Bank Ltd1 48.0 cr
Rupee Co-Operative Bank Limited2 48.0 cr
Rupee Co-Op. Bank Lt.D1 48.0 cr
Rupee Co Op. Bank Ltd.1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
HINA BHAVESH PANCHAL 01234567 Director 01/04/2018 6 yrs Approved
SURESH SHIAD 01234567 Director 01/04/2018 6 yrs Approved
SHARDABEN VIRABHAI PANCHAL 01234567 Director 01/04/2018 6 yrs Approved
BHAVESH VIRALAL PANCHAL 01234567 Director 01/04/2018 6 yrs Approved
MEET BHAVESH PANCHAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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) · 3 transfer(s)

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

Key managerial personnel: SURESH SHIAD (CFO) · BHAVESH VIRALAL PANCHAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
8 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence89/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 9.63 cr already registered.
  • Compliance record supports lending.
Investor view86/100
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
07 Oct 2025
Charge created
Others - 29.00 Lakh
30 Sep 2025
Last AGM held
Annual general meeting
26 Aug 2025
Charge created
Hdfc Bank Limited - 22.45 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Feb 2025
Charge satisfied
Others
22 Nov 2024
Charge created
Others - 37.76 Lakh
01 Oct 2024
Charge created
Others - 1.45 cr
30 Jan 2024
Charge created
Others - 2.50 cr
26 May 2023
Charge created
Others - 37.45 Lakh
17 Apr 2023
Charge created
Hdfc Bank Limited - 41.46 Lakh
31 Mar 2023
Share transfer (FY 2023)
3750000.00000000 shares to Shardaben Virabhai Panchal
30 Sep 2022
Director ceased
SHARDABEN VIRABHAI PANCHAL
Director ceased
MEET BHAVESH PANCHAL
27 Jul 2022
Charge satisfied
Others
16 Jul 2022
Director appointed
SHARDABEN VIRABHAI PANCHAL (Director)
10

Key Observations

Auto-generated from the data above
Revenue 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.
Compliance record is strong - status, filings and flags are clean.
5 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Fns U51101DL2007PLC161360 New Delhi, Delhi, India
Riddhi Techauto Industries Private Limited U74900DL2013PTC260034 New Delhi, Delhi, India
Airona Tiles Limited U74140GJ2014PLC081504 Himatnagar, Gujarat, India
Bhagwati Chemfood Private Limited U14220RJ2009PTC030310 Jaipur, Rajasthan, India
Evershine Marbles And Exporters Private Limited U14101RJ1986PTC003654 Kishangarh, Rajasthan, India
Livingstones Jewellery Private Limited U36912MH1989PTC054454 Mumbai, Maharashtra, India
Shree Om Metals Private Limited U27101BR1995PTC006847 Patna, Bihar, India
Krishay Castings Limited U27310WB2013PLC194991 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Veltech Forging Private Limited 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 Veltech Forging 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: 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 Veltech Forging Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Veltech Forging Private Limited 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 Veltech Forging Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Veltech Forging Private Limited an active company?

Veltech Forging Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Veltech Forging Private Limited financially healthy?

Veltech Forging Private Limited has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Veltech Forging Private Limited?

Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Veltech Forging Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Veltech Forging Private Limited have loans or charges against its assets?

8 open charge(s) are registered against its assets, and 10 earlier charge(s) stand satisfied.

Is Veltech Forging Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Veltech Forging Private Limited?

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.