Promoter holding
64.27%
VF
Vico Forge Pvt Ltd - Due diligence report
A 360° intelligence report on Vico Forge Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distress sig…
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Vico Forge Pvt Ltd — 360° Intelligence Report
Generated from MCA filings & public records89/100
Trust Score
Low Risk
Vico Forge Pvt Ltd is assessed as Low Risk with a Trust Score of 89/100. Vico Forge Pvt Ltd is an active private limited indian non-government company incorporated in 1986, operating in the Automotive 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 02 Jul 2026 from the latest processed filings. Vico Forge Pvt Ltd 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
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
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
95/100
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 - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 5 open (14.16 cr) · 30 satisfied (77.24 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Religare Finvest Limited | 3 | 48.0 cr |
| Others | 9 | 48.0 cr |
| Bank Of Baroda | 16 | 48.0 cr |
| Union Bank Of India | 4 | 48.0 cr |
| The Shamrao Vithal Co-Operative Bank Limited | 1 | 48.0 cr |
| Shamrao Vithal Co-Operative Bank Limited | 1 | 48.0 cr |
Compliance Score: 93/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 1 court forum(s).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAVIKUMAR AMRUTLAL PANCHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMLESH BABUBHAI PANCHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAUSHIKKUMAR AMRUTLAL PANCHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KIRIT BABUBHAI PANCHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMRUTLAL DALCHHARAM 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)
| 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
1
Group entities
1
Capital events
0 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Riko Forge Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: AMRUTLAL DALCHHARAM PANCHAL (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +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%.
EPFO headcount growing - hiring signal.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence91/100
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.
- 5 open charge(s) of 14.16 cr already registered.
- Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Jul 2024
Charge satisfied
Others
29 Jun 2024
Charge satisfied
Others
21 Mar 2023
Charge created
Others - 1.50 cr
25 Aug 2022
Charge created
Others - 4.15 cr
10 May 2022
Charge satisfied
Others
31 Mar 2022
Share transfer (FY 2022)
1.00000000 shares to MANSUKHLAL GANPATBHAI PANCHAL
Share transfer (FY 2022)
1.00000000 shares to AMRUTLAL DALCHHARAM PANCHAL
27 Apr 2021
Director appointed
KAUSHIKKUMAR AMRUTLAL PANCHAL (Director)
Director appointed
KIRIT BABUBHAI PANCHAL (Director)
31 Mar 2021
Share transfer (FY 2021)
6780.00000000 shares to RAVIKUMAR AMRUTLAL PANCHAL
Share transfer (FY 2021)
6780.00000000 shares to KAUSHIK AMRUTLAL PANCHAL
22 Feb 2021
Charge created
Others - 53.99 Lakh
31 Dec 2020
Director ceased
RAVIKUMAR AMRUTLAL PANCHAL
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - 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.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Vico Forge Pvt Ltd before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Vico 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: 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 95/100, margin trends, ownership structure and peer set for Vico Forge Pvt Ltd - 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 Vico Forge Pvt Ltd 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 Vico Forge Pvt Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Vico Forge Pvt Ltd an active company?
Vico Forge Pvt Ltd has MCA status “Active” with a compliance score of 93/100 (Low Risk).
Is Vico Forge Pvt Ltd financially healthy?
Vico Forge Pvt Ltd has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Vico Forge Pvt Ltd?
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 Vico Forge Pvt Ltd?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Vico Forge Pvt Ltd have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.
Is Vico Forge Pvt Ltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).
Is it risky to lend to Vico Forge Pvt Ltd?
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.
