Balu Forge Industries Limited - Company Profile

Q: Who are the current directors of Balu Forge Industries Limited?

The current directors of Balu Forge Industries Limited are Trimaan Jaspalsingh Chandock, Tabassum Begum, Shalu Laxmanraj Bhandari, Amit Ashok Todkari, Jaikaran Jaspalsingh Chandock, Raghvendra Raj Mehta, Jaspalsingh Prehladsingh Chandock, Radhey Shyam Soni, Roop Lal Meena.

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1989.

1989 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

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About Balu Forge Industries Limited

Balu Forge Industries Limited, a active public limited company, was established on 17 March 1989 in Mumbai, Maharashtra, India. Engaging in industrial tools & components within the manufacturing sector, it holds CIN: L29100MH1989PLC255933. Registered under ROC Roc Mumbai. it is listed on BSE: 531112. It has an authorized capital of ₹125.00 Cr and a paid-up capital of ₹113.99 Cr.

Formerly known as Amaze Entertech Limited, Bell Agro Machina Limited. It upholds a compliant status. In 2023, it reported revenue of ₹281.87 Cr and a net worth of ₹191.32 Cr. Employing 104 professional, Its leadership includes Trimaan Jaspalsingh Chandock (Whole-Time Director), Shalu Laxmanraj Bhandari (Director), Jaikaran Jaspalsingh Chandock (Whole-Time Director). Past directors included Deepak Ratilal Mehta, Trimaan Jaspalsingh Chandock, Saurabh Pravin Rathod. It holds ₹263.64 Cr open charges and no settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at 506, 5Th Floor, Imperial Palace 45 Telly Park Road, Andheri (East), Mumbai, Maharashtra, 400069.

Company Details

CIN/LLPIN
L29100MH1989PLC255933
Registration Number
255933
Incorporation Date
17 March 1989
Authorized Capital
₹125.00 Cr
Paid-Up Capital
₹113.99 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 531112)
Company Status
Active

Key Metrics

Authorised Capital ₹ 125.00 Cr as on 23-12-2025
Paid Up Capital ₹ 113.99 Cr as on 23-12-2025
Company Age 36 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 263.64 Cr as on 23-12-2025
Revenue Growth **** -3.99% (FY 2023)
Profit Growth **** 5.11% (FY 2023)
Ebitda **** 12.94% (FY 2023)
Net Worth 20.15% (FY 2023)
Total Assets **** 23.32% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Balu Forge Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Balu Forge Industries Limited?

Current Directors

Name	Designation	Appointment Date	Status
Trimaan Jaspalsingh Chandock	Whole-Time Director	19 Nov 2020	Current
Shalu Laxmanraj Bhandari	Director	30 Jun 2021	Current
Jaikaran Jaspalsingh Chandock	Whole-Time Director	19 Nov 2020	Current
Raghvendra Raj Mehta	Director	30 Jun 2021	Current
Jaspalsingh Prehladsingh Chandock	Managing Director	19 Nov 2020	Current
Radhey Shyam Soni	Director	30 Jun 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	30 Jun 2021	Past
Pramod Abcsdd	Additional Director	19 Nov 2020	Past
Pramod Abcsdd	Director	18 Aug 2017	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Cfo(Kmp)	-	Past
Pramod Abcsdd	Director	28 May 2018	Past

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Financial Performance of Balu Forge Industries.

Balu Forge Industries Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.99% decrease. The company also saw a slight improvement in profitability, with a 5.11% increase in profit. The company's net worth Soared by an impressive increase of 20.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-3.99%

*******

Revenue from Operations

*******

-5.61%

*******

Total Assets

*******

23.32%

*******

Profit or Loss

*******

5.11%

*******

Net Worth

*******

20.15%

*******

EBITDA

*******

12.94%

*******

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What is the Ownership and Shareholding Structure of Balu Forge Industries?

In 2023, Balu Forge Industries had a promoter holding of 65.41% and a public holding of 34.59%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹2,636,400,191.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 159.06 Cr
Axis Bank Limited : 104.58 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Nov 2025	Others	₹2.69 Cr	Open
05 Nov 2025	Axis Bank Limited	₹100.00 Cr	Open
31 Oct 2025	Others	₹5.50 Cr	Open
24 Sep 2025	Others	₹9.50 Cr	Open
11 Jul 2025	Axis Bank Limited	₹2.39 M	Open

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How Many Employees Work at Balu Forge Industries?

Balu Forge Industries has a workforce of 104 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Balu Forge Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Balu Forge Industries's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Balu Forge Industries

Recent Activity within the Organization

Charges

Progress on A charge with Others amounted to Rs. 2.69 Cr with Charge ID 101198119 was registered on 22 Nov 2025. was documented.
22 Nov 2025
Charges

The activity A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101186481 was registered on 05 Nov 2025. was completed.
05 Nov 2025
Charges

Progress on A charge with Others amounted to Rs. 5.50 Cr with Charge ID 101189382 was registered on 31 Oct 2025. was documented.
31 Oct 2025
Annual General Meeting

Balu Forge Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was recorded as a recent event.
29 Sep 2025
Charges

A charge with Others amounted to Rs. 9.50 Cr with Charge ID 101169066 was registered on 24 Sep 2025. was recorded as a recent event.
24 Sep 2025
Charges

A charge with Axis Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101132673 was registered on 11 Jul 2025. was recorded as a recent event.
11 Jul 2025

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