About Arfin India Limited
Data last updated: 10 June 2026
Arfin India Limited is a public limited company based in Kalol, Gujarat, India. It specialises in metal manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 10 April 1992, the company has been in operation for over 34 years.
Registered with ROC Ahmedabad under CIN L65990GJ1992PLC017460. Listed on BSE: 539151.
Capital: an authorised share capital of ₹31.5 Cr and a paid-up capital of ₹16.87 Cr. Formerly known as Arvindkumar Rameshkumar Investment Private Limited and Arfin India Private Limited. It is led by directors including Pushpaben Mahendrakumar Shah and Mahendrakumar Rikhavchand Shah.
Last AGM: 06 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No. 117 Ravi Industrial Estae, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹617.71 Cr, a growth of 15% compared to the previous year.
The company has a workforce of approximately 42 employees as per the latest available data.
The company is associated with 1 brand - Arfin India. As per MCA filings, the company has open charges of ₹137.3 Cr and satisfied charges of ₹432.74 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website arfin.co.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressPlot No. 117 Ravi Industrial Estae, Behind Prestige Hotel Billeshwarpura Chhatral Gandhinagar – 382729 Gujarat, Kalol, Gujarat, India – 382729
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IndustryMetals and Minerals, Metal Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Arfin India Limited
Arfin India Limited has undergone 2 name changes throughout its history. The company was previously known as Arvindkumar Rameshkumar Investment Private Limited, and Arfin India Private Limited. The current legal name is Arfin India Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Arfin India Limited | Current |
| Arvindkumar Rameshkumar Investment Private Limited | Previous |
| Arfin India Private Limited | Previous |
CIN History of Arfin India Limited
Arfin India Limited has one previous CIN (Corporate Identification Number): U65990GJ1992PLC017460. The current CIN is L65990GJ1992PLC017460, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65990GJ1992PLC017460 | Current |
| U65990GJ1992PLC017460 | Previous |
Associated Brands with Arfin India Limited
Arfin India Limited operates one associated brand: Arfin India. These brands represent Arfin India Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Machines for the automotive industry are manufactured by Arfin India. | arfin.co.in |
Business Activity of Arfin India Limited
Arfin India Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | ********* |
Auditor Details of Arfin India Limited
Arfin India Limited is audited by Raman M Jain & Co. (ICAI peer reviewed, certificate valid till 2028-12-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Raman M Jain & Co. (ICAI peer reviewed, certificate valid till 2028-12-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Arfin India Limited
Arfin India Limited is currently managed by 8 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Pushpaben Mahendrakumar Shah
Also directs:
Arfin India Limited, Arfin Titanium And Speciality Alloys Limited
|
Director | 05 Nov 2015 | 10 Years 8 Months | Current |
| Mahendrakumar Rikhavchand Shah | Nodal Officer | 29 Aug 2019 | 6 Years 10 Months | Current |
| Mukesh Shankerlal Chowdhary | Director | 09 Nov 2017 | 8 Years 8 Months | Current |
| Jatin Mahendrakumar Shah | Managing Director | 12 Jun 2012 | 14 Years 0 Months | Current |
| Tarachand Roopchand Jain | Director | 25 Nov 2023 | 2 Years 7 Months | Current |
|
Ruchita Rahulkumar Nahata
Also directs:
Arfin India Limited
|
Director | 10 Apr 2025 | 1 Years 2 Months | Current |
Financials of Arfin India Limited FY 2026 filings available
Arfin India Limited reported revenue of ₹617.99 Cr (up ) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹617.99 Cr |
| Other Income | ₹92.19 Lakh |
| Total Income | ₹618.91 Cr |
| Cost of Materials Consumed | ₹550.07 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | -₹38.85 Cr |
| Employee Benefit Expense | ₹9.53 Cr |
| Finance Costs | ₹18.73 Cr |
| Depreciation & Amortisation | ₹4.65 Cr |
| Other Expenses | ₹51.08 Cr |
| Total Expenses | ₹595.21 Cr |
| Profit Before Exceptional Items & Tax | ₹23.71 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹23.71 Cr |
| Total Tax Expense | ₹8.26 Cr |
| Net Profit | ₹15.45 Cr |
| attributable to Owners | ₹0 |
| attributable to NCI | ₹0 |
| Other Comprehensive Income | -₹2.65 Lakh |
| Total Comprehensive Income | ₹15.42 Cr |
| EBITDA (computed) | ₹47.08 Cr |
| Basic EPS | ₹0.92 |
| Diluted EPS | ₹0.92 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹371.4 Cr |
| Non-current Assets | ₹75.72 Cr |
| Current Assets | ₹295.68 Cr |
| Property, Plant & Equipment | ₹74.14 Cr |
| Inventories | ₹222.82 Cr |
| Trade Receivables | ₹30.22 Cr |
| Cash & Equivalents | ₹31.12 Lakh |
| Equity (Net Worth) | ₹170.35 Cr |
| Equity Share Capital | ₹16.87 Cr |
| Borrowings (Non-current) | ₹17.14 Cr |
| Borrowings (Current) | ₹112.13 Cr |
| Total Debt (computed) | ₹129.27 Cr |
| Current Liabilities | ₹174.46 Cr |
| Total Liabilities | ₹201.05 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹22.47 Cr |
| Investing Cash Flow | -₹14.54 Cr |
| Financing Cash Flow | -₹8.24 Cr |
| Capital Expenditure | ₹11.39 Cr |
| Free Cash Flow (computed) | ₹11.09 Cr |
| Dividends Paid | ₹1.86 Cr |
| Net Change in Cash | -₹30.54 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹193.24 Cr | ₹187.96 Cr | ₹127.94 Cr | ₹108.86 Cr |
| Other Income | -₹22.59 Lakh | ₹16.7 Lakh | ₹52.17 Lakh | ₹45.92 Lakh |
| Total Income | ₹193.01 Cr | ₹188.12 Cr | ₹128.46 Cr | ₹109.32 Cr |
| Cost of Materials Consumed | ₹172.27 Cr | ₹137.5 Cr | ₹131.33 Cr | ₹108.97 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹14.95 Cr | ₹21.26 Cr | -₹27.13 Cr | -₹18.03 Cr |
| Employee Benefit Expense | ₹2.53 Cr | ₹2.42 Cr | ₹2.28 Cr | ₹2.3 Cr |
| Finance Costs | ₹3.93 Cr | ₹5.15 Cr | ₹5.11 Cr | ₹4.54 Cr |
| Depreciation & Amortisation | ₹1.34 Cr | ₹1.14 Cr | ₹1.09 Cr | ₹1.08 Cr |
| Other Expenses | ₹17.06 Cr | ₹12.89 Cr | ₹12.11 Cr | ₹9.03 Cr |
| Total Expenses | ₹182.18 Cr | ₹180.37 Cr | ₹124.78 Cr | ₹107.88 Cr |
| Profit Before Exceptional Items & Tax | ₹10.83 Cr | ₹7.76 Cr | ₹3.68 Cr | ₹1.44 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹10.83 Cr | ₹7.76 Cr | ₹3.68 Cr | ₹1.44 Cr |
| Total Tax Expense | ₹4 Cr | ₹2.67 Cr | ₹1.22 Cr | ₹36.17 Lakh |
| Net Profit | ₹6.82 Cr | ₹5.09 Cr | ₹2.45 Cr | ₹1.08 Cr |
| attributable to Owners | ₹0 | ₹0 | ₹0 | ₹0 |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹2.65 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹6.8 Cr | ₹5.09 Cr | ₹2.45 Cr | ₹1.08 Cr |
| EBITDA (computed) | ₹16.1 Cr | ₹14.05 Cr | ₹9.87 Cr | ₹7.06 Cr |
| Basic EPS | ₹0.40 | ₹0.30 | ₹0.15 | ₹0.06 |
| Diluted EPS | ₹0.40 | ₹0.30 | ₹0.15 | ₹0.06 |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹624.9 Cr |
| Other Income | ₹1.22 Cr |
| Total Income | ₹626.11 Cr |
| Cost of Materials Consumed | ₹558.18 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | -₹36.22 Cr |
| Employee Benefit Expense | ₹9.25 Cr |
| Finance Costs | ₹18.69 Cr |
| Depreciation & Amortisation | ₹4.65 Cr |
| Other Expenses | ₹50.34 Cr |
| Total Expenses | ₹604.89 Cr |
| Profit Before Exceptional Items & Tax | ₹21.23 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹21.23 Cr |
| Total Tax Expense | ₹7.63 Cr |
| Net Profit | ₹13.6 Cr |
| Other Comprehensive Income | -₹2.65 Lakh |
| Total Comprehensive Income | ₹13.57 Cr |
| EBITDA (computed) | ₹44.57 Cr |
| Basic EPS | ₹0.81 |
| Diluted EPS | ₹0.81 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹368.82 Cr |
| Non-current Assets | ₹83.53 Cr |
| Current Assets | ₹285.29 Cr |
| Property, Plant & Equipment | ₹74.14 Cr |
| Inventories | ₹212.58 Cr |
| Trade Receivables | ₹33.24 Cr |
| Cash & Equivalents | ₹24.08 Lakh |
| Equity (Net Worth) | ₹168.5 Cr |
| Equity Share Capital | ₹16.87 Cr |
| Borrowings (Non-current) | ₹17.14 Cr |
| Borrowings (Current) | ₹112.13 Cr |
| Total Debt (computed) | ₹129.27 Cr |
| Current Liabilities | ₹173.73 Cr |
| Total Liabilities | ₹200.32 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹29.87 Cr |
| Investing Cash Flow | -₹21.94 Cr |
| Financing Cash Flow | -₹8.2 Cr |
| Capital Expenditure | ₹11.39 Cr |
| Free Cash Flow (computed) | ₹18.48 Cr |
| Dividends Paid | ₹1.86 Cr |
| Net Change in Cash | -₹27.58 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹191.7 Cr | ₹196.41 Cr | ₹128.04 Cr | ₹108.75 Cr |
| Other Income | ₹12.57 Lakh | ₹14.06 Lakh | ₹49.36 Lakh | ₹45.92 Lakh |
| Total Income | ₹191.82 Cr | ₹196.55 Cr | ₹128.53 Cr | ₹109.21 Cr |
| Cost of Materials Consumed | ₹171.37 Cr | ₹145.65 Cr | ₹132.19 Cr | ₹108.97 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹13.29 Cr | ₹21.99 Cr | -₹26.88 Cr | -₹18.03 Cr |
| Employee Benefit Expense | ₹2.25 Cr | ₹2.42 Cr | ₹2.28 Cr | ₹2.3 Cr |
| Finance Costs | ₹3.92 Cr | ₹5.15 Cr | ₹5.09 Cr | ₹4.54 Cr |
| Depreciation & Amortisation | ₹1.34 Cr | ₹1.14 Cr | ₹1.09 Cr | ₹1.08 Cr |
| Other Expenses | ₹16.91 Cr | ₹12.81 Cr | ₹11.63 Cr | ₹8.99 Cr |
| Total Expenses | ₹182.49 Cr | ₹189.16 Cr | ₹125.39 Cr | ₹107.84 Cr |
| Profit Before Exceptional Items & Tax | ₹9.33 Cr | ₹7.39 Cr | ₹3.14 Cr | ₹1.37 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹9.33 Cr | ₹7.39 Cr | ₹3.14 Cr | ₹1.37 Cr |
| Total Tax Expense | ₹3.62 Cr | ₹2.58 Cr | ₹1.08 Cr | ₹35.04 Lakh |
| Net Profit | ₹5.71 Cr | ₹4.82 Cr | ₹2.05 Cr | ₹1.02 Cr |
| Other Comprehensive Income | -₹2.65 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹5.68 Cr | ₹4.82 Cr | ₹2.05 Cr | ₹1.02 Cr |
| EBITDA (computed) | ₹14.59 Cr | ₹13.68 Cr | ₹9.31 Cr | ₹6.98 Cr |
| Basic EPS | ₹0.34 | ₹0.29 | ₹0.12 | ₹0.06 |
| Diluted EPS | ₹0.34 | ₹0.29 | ₹0.12 | ₹0.06 |
Shareholding Pattern of Arfin India Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 69.77%, foreign institutional investors hold 1.54%, retail and other public shareholders hold 28.65% of Arfin India Limited. The company had 11,976 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jul 2025 | |
|---|---|---|---|---|
| Promoters | 69.77% | 69.77% | 69.79% | 69.79% |
| Public | 30.23% | 30.23% | 30.21% | 30.21% |
Board & Governance of Arfin India Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Arfin India Limited has 6 directors - 3 independent and 3 executive. The board is chaired by MAHENDRAKUMAR RIKHAVCHAND SHAH.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| MAHENDRAKUMAR RIKHAVCHAND SHAH | Executive Director · Chairperson | 1998-09-30 | 1 |
| JATIN MAHENDRAKUMAR SHAH | Executive Director · MD | 2012-06-12 | 1 |
| PUSHPABEN MAHENDRAKUMAR SHAH | Executive Director | 2015-11-05 | 1 |
| MUKESH SHANKERLAL CHOWDHARY | Non-Executive - Independent Director | 2017-11-09 | 1 |
| TARACHAND ROOPCHAND JAIN | Non-Executive - Independent Director | 2023-11-25 | 1 |
| RUCHITA RAHULKUMAR NAHATA | Non-Executive - Independent Director | 2025-04-10 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | TARACHAND ROOPCHAND JAIN (Chairperson), MUKESH SHANKERLAL CHOWDHARY, RUCHITA RAHULKUMAR NAHATA, MAHENDRAKUMAR RIKHAVCHAND SHAH |
| Nomination and remuneration committee | MUKESH SHANKERLAL CHOWDHARY (Chairperson), TARACHAND ROOPCHAND JAIN, RUCHITA RAHULKUMAR NAHATA |
| Stakeholders Relationship Committee | MUKESH SHANKERLAL CHOWDHARY (Chairperson), MAHENDRAKUMAR RIKHAVCHAND SHAH, PUSHPABEN MAHENDRAKUMAR SHAH |
| Corporate Social Responsibility Committee | MAHENDRAKUMAR RIKHAVCHAND SHAH (Chairperson), PUSHPABEN MAHENDRAKUMAR SHAH, MUKESH SHANKERLAL CHOWDHARY |
Charges & Borrowings of Arfin India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Oct 2024 | Others | ₹5 Cr | Open |
| 26 Mar 2019 | Sbicap Trustee Company Limited | ₹66.15 Cr | Open |
| 25 Mar 2019 | Sbicap Trustee Company Limited | ₹66.15 Cr | Open |
| 01 Feb 2023 | Tata Capital Financial Services Limited | ₹75 Lakh | Satisfied |
| 21 Oct 2022 | Idbi Bank Limited | ₹3.6 Cr | Satisfied |
Total charge records: 34 View all charges
Employees and EPFO Compliance at Arfin India Limited
Arfin India Limited has a workforce of 42 employees as of Mar 30, 2024.
Employee Count & EPFO Data of Arfin India Limited
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GST Compliance of Arfin India Limited
GSTIN & GST Filing Data of Arfin India Limited
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Credit Ratings, Litigation & Regulatory Alerts for Arfin India Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Arfin India Limited
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MSME Payment Delays by Arfin India Limited
MSME Payment Delays by Arfin India Limited
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Subsidiaries & Group Companies of Arfin India Limited
Subsidiaries & Group Companies of Arfin India Limited
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MCA Filings & Documents of Arfin India Limited
MCA Filings & Documents of Arfin India Limited
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Recent Activity on Arfin India Limited
Frequently Asked Questions about Arfin India Limited
Arfin India Limited is an active public limited company in the metals and minerals sector based in Kalol, Gujarat, India. It was incorporated on 10 April 1992 (34+ years old) and is registered under CIN L65990GJ1992PLC017460. Listed on BSE: 539151. The company has 42 employees.
Arfin India Limited reported revenue of ₹617.71 Cr for FY 2025 (up 15.00% YoY).
The current directors of Arfin India Limited are:
- Pushpaben Mahendrakumar Shah
- Mahendrakumar Rikhavchand Shah
- Mukesh Shankerlal Chowdhary
- Jatin Mahendrakumar Shah
- Tarachand Roopchand Jain
- Ruchita Rahulkumar Nahata
- Natanya Kasaudhan
- Shubham Prakashbhai Jain
The primary industry of Arfin India Limited is metals and minerals. The company specifically operates in metal manufacturing and processing. The company is currently active in this sector.
Yes. Arfin India Limited is listed on BSE with code 539151.
Arfin India Limited can be reached at the registered office: Plot No. 117 Ravi Industrial Estae, Behind Prestige Hotel Billeshwarpura Chhatral Gandhinagar – 382729 Gujarat, Kalol, Gujarat, India – 382729, or through the website arfin.co.in.