About Forgewell
Forgewell is a company based in Faridabad (India) founded in 1978 by Piyush Vishwakarma. It operates as a B2B. The company has 30 employees. Forgewell offers products and services including Suspension Compressor Parts, Rolled Rings and Gear Blanks, Railway and Defence Parts, and Mining and Machinery Parts. Forgewell operates in a competitive market with competitors including Maini Precision Products, Ramkrishna Forgings, Bharat Forge, Dynamatic Technologies and Nemak, among others.
- Headquarter Faridabad, India
- Employees 30
- Founders Piyush Vishwakarma
- SectorsAerospace, Defense & MaritimeTransportation, Automotive & Logistics
- Phone•••• ••••
- Website forgewell.com
- Social LinkedIn X Facebook
- Legal Name Forgewell Limited
- Date of Incorporation 22 Feb, 1978
- Jurisdiction Faridabad, Haryana, India
- Annual Revenue₹49.32 Cr
FY 2025 · +11% YoY
- Net Profit₹1.81 Cr
FY 2025 · 4% margin
- EBITDA₹3.72 Cr
FY 2025 · 8% margin
- Employee Count30
Associated legal entities of Forgewell
Forgewell operates through Forgewell Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Forgewell Limited CIN U74899HR1978PLC117941 | Active | 22 Feb 1978 | Faridabad, Haryana | ₹49.3 Cr | 30 | 3 | View details |
Products & Services of Forgewell
Forgewell offers a comprehensive portfolio of products and services, including Suspension Compressor Parts, Rolled Rings and Gear Blanks, Railway and Defence Parts, and Mining and Machinery Parts.
Forged parts for vehicle suspension and compressors
Manufactured rings and blanks for machinery applications
Specialized forged parts for railway and defense use
Durable forged parts for mining and heavy machinery
Board of directors of Forgewell Limited (Forgewell)
Forgewell Limited is the primary company behind Forgewell. The board of Forgewell Limited currently have 3 directors; the longest-serving is Shyam Khandelwal, appointed in 2002. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyam Khandelwal DIN 00050981 | Director | 01 Apr 2002 | 24 yrs 6 mo | Forgewell Limited |
| Ram Khandelwal DIN 00051008 | Director | 10 Jul 2004 | 22 yrs 3 mo | Forgewell Limited |
| Pushpa Khandelwal DIN 07231369 | Director | 07 Jul 2015 | 11 yrs 3 mo | Forgewell Limited |
People of Forgewell
1 people are tracked at Forgewell (1 in leadership); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
Piyush Vishwakarma | Founder, Managing Director | Leadership |
Complete people profiles for Forgewell
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Financials of Forgewell
Figures of Forgewell Limited, the primary company behind Forgewell, for FY 2025. Revenue was ₹49.32 Cr (+11% year on year). Net profit was ₹1.81 Cr (4% margin). EBITDA was ₹3.72 Cr (8% margin). Revenue has grown at a compounded annual rate of 0% over three years and +10% over five years.
- ₹49.32 CrRevenue · FY 2025 · +11% YoY
- ₹1.81 CrNet profit · 4% margin
- ₹3.72 CrEBITDA · 8% margin
- ₹3.04 CrPaid-up capital
- 30Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Forgewell Limited are on its company page.
Detailed financial statements for Forgewell
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Competitors of Forgewell
Forgewell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Maini Precision Products, Ramkrishna Forgings, Bharat Forge, Dynamatic Technologies and Nemak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mainiprecisionproducts.com | 1973 | Bengaluru, India | $20.77M | 1,445 | Manufacturer & supplier of precision products and assemblies | |
| ramkrishnaforgings.com | 1981 | Kolkata, India | – | 2,653 | Ramkrishna Forgings is engaged in metal forming and manufacturing. | |
| bharatforge.com | 1961 | Pune, India | – | 4,132 | Technology-enabled automotive tools, forging, and machining materials are manufactured. | |
| dynamatics.com | 1973 | Bengaluru, India | – | 833 | Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. | |
| nemak.com | 1979 | Villa De Garcia, Mexico | – | 308 | Automotive aluminium components are manufactured and supplied to OEMs worldwide. | |
| sertec.co.uk | 1962 | Birmingham, United Kingdom | $98.23M | – | Precision stamped components are manufactured and supplied to automotive OEMs. | |
| tiindia.com | 1949 | Chennai, India | – | 18 | High precision tubes are manufactured for automobiles and bicycles. | |
| hirschvogel.com | 1988 | Denklingen, Germany | – | 160 | Provide automotive manufacturers and suppliers worldwide. | |
| nninc.com | 1980 | Charlotte, United States | – | 1,257 | High-precision metal and plastic components are designed and manufactured. | |
| novelis.com | 2005 | Atlanta, United States | – | 71 | Flat-rolled aluminum products are manufactured and supplied to OEMs. |
Detailed competitors of Forgewell
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Similar companies to Forgewell
10 companies that operate in the same segment as Forgewell (Aircraft Manufacturing & Components), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured. | 1969 | Toulouse, Occitanie, France | – | USD 86.27 B | 156,920 | |
Complex aircraft parts and components are manufactured and supplied. | 2016 | Bengaluru, Karnataka, India | USD 30.04 M | USD 25.58 M | 104 | |
Advanced flight automation systems for aircraft are developed. | 2016 | Hayward, California, United States | USD 407.58 M | – | – | |
Commercial jetliners, defense, space, and security systems are manufactured. | 1916 | United States | – | USD 89.46 B | 172,000 | |
Forged components and precision parts for aerospace are manufactured. | 2008 | Hyderabad, Telangana, India | USD 29.02 M | USD 63.95 M | 1,800 | |
Manufacturer of commercial, military, executive, and agricultural aircraft | 1969 | Sao Paulo, Brazil | – | USD 7.65 B | 20,920 | |
Helicopters are designed and manufactured for aviation and defense uses. | 1945 | Bloomfield, United States | – | – | – | |
Designs and manufactures defense vehicles, aerospace structures, and security systems for military use. | 2007 | Delhi, Delhi, India | – | USD 430.52 M | 3,837 | |
Aircraft components including fuselages, wings, and propulsion systems are manufactured. | 1927 | Wichita, Kansas, United States | – | USD 6.32 B | 20,370 | |
Aerospace structures, systems, and components are manufactured and overhauled. | 1961 | Berwyn, Illinois, United States | – | USD 181.87 M | 846 |
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Frequently Asked Questions about Forgewell
Forgewell was founded in 1978.
Forgewell is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Forgewell has 30 employees.
The primary company behind Forgewell, Forgewell Limited, reported revenue of ₹49.32 Cr for FY 2025, up 11% year on year.
Forgewell Limited, established in 1978, is a family-managed company based in Faridabad, India, specializing in drop forgings and rolled rings. They use advanced facilities like drop hammers, heat treatment, and CNC machining to create parts weighing from 500 grams to 40 kg. Serving clients in automotive, railway, defense, and mining sectors, they emphasize quality control and timely delivery through in-house testing and inspections.
Forgewell's top competitors include Bharat Forge, Maini Precision Products and Ramkrishna Forgings.
Forgewell offers Suspension Compressor Parts, Rolled Rings and Gear Blanks, Railway and Defence Parts, and Mining and Machinery Parts.
Forgewell operates through Forgewell Limited.
The legal entities of Forgewell currently have 3 directors, including Shyam Khandelwal, Pushpa Khandelwal, Ram Khandelwal.