Asia Forge Private Limited
About Asia Forge Private Limited
Data last updated:
Asia Forge Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Saturn Ventures & Advisors Private Limited. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 13 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27320PN2012PTC144043. Its GSTIN is 27AARCS7995N1ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Vinod Agarwal and Namit Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gat. No – 457 & 458 Shindewadi Khandala Satara, Pune, Maharashtra, India – 412801.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.63 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹17.63 Cr (net margin -381.1%) and EBITDA of -₹5.16 Cr (EBITDA margin -111.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
The company has about 41 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹80 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in December 2013.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Asia Forge Private Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGat. No – 457 & 458 Shindewadi Khandala Satara, Pune, Maharashtra, India – 412801
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Asia Forge Private Limited, buy the company report.
- 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
Business activity
The main business activity of Asia Forge is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
Financials of Asia Forge Private Limited
FY 2024 filings availableAsia Forge Private Limited reported revenue of ₹4.63 Cr (down 30% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.63 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -111.4% | ||||
| Net Profit Margin | -381.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Asia Forge Private Limited, buy the company report.
Board of directors of Asia Forge Private Limited
Asia Forge has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Agarwal Also directs: Alankar Rings Private Limited, Alankar Automotives Private Limited, Agrasen Engineering Industries Private Limited and 1 more | Director | 17 Jun 2024 | 2 Years 4 Months | Current |
| Namit Agarwal Also directs: Alankar Rings Private Limited, Alankar Automotives Private Limited, Agrasen Engineering Industries Private Limited and 4 more | Director | 17 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Asia Forge Private Limited is audited by S S JOSHI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S JOSHI & ASSOCIATES | FY 2020 | 132420W |
Shareholding
The shareholding of Asia Forge Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asia Forge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2014 | 10503961 | Bank of India | ₹40 Cr | Satisfied | |
| 06 Jun 2014 | 10503914 | Bank of India | ₹40 Cr | Satisfied |
To see the full charge records of Asia Forge Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Asia Forge Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in December 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Funding round | ₹4.99 Cr | Investors: Sattvam India Ventures Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asia Forge Private Limited has 5 court cases on record: 4 filed by Asia Forge, 1 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Bank of India Limited | Disposed |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against The Union of India THR the Prime Minister of India | Pending |
| Bombay High Court | Writ petition | Filed by the company against Bank of India | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against Bank of India Thru Auth. Officer | Disposed |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed against the company by M/S Raj Steels and Tubes Through Rahul Prithiviraj Dhoka | Disposed |
To see the full case history of Asia Forge Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Asia Forge Private Limited was last rated by Care on 08 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Dec 2025 |
To see the full credit ratings and regulatory alerts of Asia Forge Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asia Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asia Forge Private Limited has a workforce of 41 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Asia Forge has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCS7995N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asia Forge Private Limited, buy the company report.
Recent activity
Asia Forge Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Nageswara Gandikota Rao ceased to be Director on 17 Jun 2024.
2 earlier events are in the company report.
Frequently asked questions
Asia Forge is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 13 July 2012 (14+ years old) and is registered under CIN U27320PN2012PTC144043.
Asia Forge has 2 current directors:
- Vinod Agarwal - Director
- Namit Agarwal - Director
The latest financial statements of Asia Forge on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Asia Forge is 27AARCS7995N1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Asia Forge is U27320PN2012PTC144043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asia Forge has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Asia Forge was incorporated on 13 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
Asia Forge has 1 deal on record (1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in December 2013.
Nageswara Gandikota Rao ceased to be Director on 17 Jun 2024. Namit Agarwal was appointed as Director on 17 Jun 2024. Satish Damodar Akole ceased to be Director on 17 Jun 2024. Asia Forge has 7 board changes on record in total.
The registered office of Asia Forge is at Gat. No – 457 & 458 Shindewadi Khandala Satara, Pune, Maharashtra, India – 412801.