About BF Industrial Solutions Limited
Data last updated:
BF Industrial Solutions Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Bharat Forge Limited. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74909PN2011PLC138621. Its GSTIN is 27AAECN0903A1Z5 (Maharashtra).
The company has an authorised share capital of ₹505 Cr and a paid-up capital of ₹491.06 Cr. It was formerly known as Bf Industrial Solutions Private Limited and Nouveau Power and Infrastructure Private Limited. It is led by directors including Vikram Manohar Munje and Ashwini Shivram.
Its last annual general meeting (AGM) was held on 01 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Bharat Forge Limited Mundhwa, Pune Cantonment, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹813.33 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹51.06 Cr (net margin 6.3%) and EBITDA of ₹117.85 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years.
Its group structure includes 2 subsidiaries.
Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in May 2021. Its 10 peer companies in the Outsourcing industry (Consulting Services) are compared by revenue, 5 larger and 5 smaller; the largest is Essel Infraprojects Limited with revenue of ₹870.17 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bharatforge.com.
Name History of BF Industrial Solutions Limited
BF Industrial Solutions has undergone 4 name changes throughout its history. The current legal name is Bf Industrial Solutions Limited.
| Company Name | Status |
|---|---|
| BF Industrial Solutions Limited | Current |
| Bf Industrial Solutions Private Limited | Previous |
| Nouveau Power And Infrastructure Private Limited | Previous |
| Bharat Forge Industrial Systems Private Limited | Previous |
| Bf Industrial Systems Private Limited | Previous |
CIN History of BF Industrial Solutions Limited
BF Industrial Solutions has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74909PN2011PLC138621, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74909PN2011PLC138621 | Current |
| U29100PN2011PTC138621 | Previous |
| U29100PN2011PLC138621 | Previous |
| U40106PN2011PTC138621 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC/O Bharat Forge Limited Mundhwa, Pune Cantonment, Maharashtra, India – 411036
- IndustryBusiness Outsourcing, Business & IT Consulting
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of BF Industrial Solutions Limited
The main business activity of BF Industrial Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of BF Industrial Solutions Limited FY 2025 filings available
BF Industrial Solutions Limited reported revenue of ₹813.33 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of BF Industrial Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 145% over three years, including 19% growth in the latest year. EBITDA rose 30% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of BF Industrial Solutions Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹117.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹51.06 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of BF Industrial Solutions Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of BF Industrial Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors and KMP of BF Industrial Solutions Limited
BF Industrial Solutions Limited currently reports 3 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Manohar Munje | Director | 23 Apr 2021 | 5 Years 5 Months | Current |
| Ashwini Shivram | Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Kedar Prakash Dixit | Director | 23 Apr 2021 | 5 Years 5 Months | Current |
| Sumeet Banga | Ceo | 02 May 2024 | 2 Years 5 Months | Current |
Peer Comparison of BF Industrial Solutions Limited
BF Industrial Solutions Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Essel Infraprojects Limited | ₹870.17 Cr (FY 2022) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| Scorpio Fiscal Markets Private Limited | ₹867.93 Cr (FY 2019) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| KPMG Resource Centre Private Limited | ₹852.98 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gurugram, Haryana, India |
| Bhutra Ventures Private Limited | ₹826.34 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Risee Infinity Private Limited | ₹818.49 Cr (FY 2024) | •••• | •••• | 216.0% | •••• | Mumbai, Maharashtra, India |
| BF Industrial Solutions Limited this company | ₹813.33 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| Lbic Engineering Private Limited | ₹800.45 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Kolkata, West Bengal, India |
| Impulse International Private Limited | ₹782.55 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gurugram, Haryana, India |
| Bti Consultants (India) Private Limited | ₹772.39 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Protiviti India Member Private Limited | ₹766.58 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Gurgaon, Haryana, India |
| Manipal Hospitals Synergie Private Limited | ₹746.86 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below BF Industrial Solutions by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of BF Industrial Solutions Limited
BF Industrial Solutions Limited is audited by ANRK & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANRK & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of BF Industrial Solutions Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of BF Industrial Solutions Limited
BF Industrial Solutions Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of BF Industrial Solutions Limited
BF Industrial Solutions Limited has 1 deal on record (1 acquisition); the latest was in May 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Acquisition | ₹1 Lakh | Buyer: Bharat Forge Ltd |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of BF Industrial Solutions Limited
BF Industrial Solutions Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at BF Industrial Solutions Limited
BF Industrial Solutions Limited has a workforce of 0 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of BF Industrial Solutions Limited
BF Industrial Solutions has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Js Auto Cast Foundry India Private Limited | U27310TZ2004PTC011284 | Locked |
| Bf Industrial Technology And Solutions Limited | U28910GJ1989PLC012015 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on BF Industrial Solutions Limited
BF Industrial Solutions Limited has 14 board changes on record since 2012: 4 appointments and 10 cessations. The latest: Ashwini Shivram ceased to be Additional Director on 31 Jul 2025.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for BF Industrial Solutions Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by BF Industrial Solutions Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of BF Industrial Solutions Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of BF Industrial Solutions Limited
BF Industrial Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN0903A1Z5 | Maharashtra | Active | 03 Aug 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of BF Industrial Solutions Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about BF Industrial Solutions Limited
BF Industrial Solutions is an active public limited company based in Pune, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 February 2011 (15+ years old) and is registered under CIN U74909PN2011PLC138621.
BF Industrial Solutions reported revenue of ₹813.33 Cr for FY 2025 (up 19% YoY).
BF Industrial Solutions has 4 current directors and KMP:
- Vikram Manohar Munje - Director
- Ashwini Shivram - Director
- Kedar Prakash Dixit - Director
- Sumeet Banga - Ceo
BF Industrial Solutions reported a net profit of ₹51.06 Cr (net margin 6.3%) and EBITDA of ₹117.85 Cr (EBITDA margin 14.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of BF Industrial Solutions is 145% over three years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of BF Industrial Solutions is 27AAECN0903A1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of BF Industrial Solutions is U74909PN2011PLC138621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BF Industrial Solutions has 1 court case on record: 1 filed against it.
BF Industrial Solutions was incorporated on 21 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
BF Industrial Solutions has 1 deal on record (1 acquisition); the latest was in May 2021.
The peers of BF Industrial Solutions by revenue are Essel Infraprojects Limited, Scorpio Fiscal Markets Private Limited, KPMG Resource Centre Private Limited, Bhutra Ventures Private Limited, Risee Infinity Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).