Bay-Forge Private Limited

Bay-Forge Private Limited - engineering in Madurantakam Taluk, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U27209TN1990PTC019404 Incorporated 17 July 1990 ROC Chennai HQ Madurantakam Taluk, Tamil Nadu, India
Active Private Limited Company engineering
Data last updated
Revenue · FY 2025
₹171.49 Cr
▲ 1% YoY
Net loss · FY 2025
₹6.15 Cr
Net margin -3.6%
EBITDA · FY 2025
₹1.32 Cr
EBITDA margin 0.8%
Authorised capital
₹169 Cr
Registered with MCA
Paid-up capital
₹144.49 Cr
Issued & subscribed
Satisfied charges
₹151.4 Cr
No open charges
Company age
36 yrs
Est. 1990
Employees · EPFO
172
Provident fund records

About Bay-Forge Private Limited

Data last updated:

Bay-Forge Private Limited is a private limited company based in Madurantakam Taluk, Tamil Nadu, India, a subsidiary of Fomas S.P.A. Italy. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 17 July 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27209TN1990PTC019404. Its GSTIN is 33AAACF0453D1ZD (Tamil Nadu).

The company has an authorised share capital of ₹169 Cr and a paid-up capital of ₹144.49 Cr. It was formerly known as Fomas India Limited and Bay-Forge Limited. It is led by directors including Adaikalam Christopheramirtharaj Julian (Managing Director) and Vincenzo Vaccari.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Palayanoor P.O. Vedanthangal Road Pukkathurai Village, Madurantakam Taluk, Tamil Nadu, India – 603308.

As per the financials filed for FY 2025, the company reported a revenue of ₹171.49 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹6.15 Cr (net margin -3.6%) and EBITDA of ₹1.32 Cr (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.

The company has about 172 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: FOMAS. As per MCA filings, the company has satisfied charges of ₹151.4 Cr on record. Court records list 64 cases involving the company, including 56 filed by the company and 8 filed against it; 14 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fomasgroup.com.

Company Details of Bay-Forge Private Limited
CIN U27209TN1990PTC019404
Registration Number 019404
Incorporation Date 17 July 1990
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Fomas S.P.A. Italy
Compliance Status Active Compliant
Key People
Adaikalam Christopheramirtharaj Julian Managing Director Vincenzo Vaccari Director Marco Gelfi Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    fomasgroup.com
  • Social Media
  • Registered Address
    Palayanoor P.O. Vedanthangal Road Pukkathurai Village, Madurantakam Taluk, Tamil Nadu, India – 603308
  • Industry
    Engineering, Metal Foundry & Fabrication Services
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Financials, compliance, directors, charges, ownership and filings for Bay-Forge Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Bay-Forge Private Limited

The main business activity of Bay-Forge is manufacturing. In detail, this covers metal and metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Bay-Forge Private Limited FY 2025 filings available

Bay-Forge Private Limited reported revenue of ₹171.49 Cr (up 1% YoY) for FY 2025.

Revenue · FY 2025
₹171.49 Cr ▲ 1%
Net loss · FY 2025
₹6.15 Cr margin -3.6%
EBITDA · FY 2025
₹1.32 Cr margin 0.8%

Compounded Annual Growth Rate (CAGR) of Bay-Forge Private Limited

Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 1%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 68%
5 years · compounded
▼ 53%

Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 1% growth in the latest year. EBITDA fell 96% 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 Bay-Forge Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.32 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹6.15 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 Bay-Forge Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin0.8%••••••••••••••••
Net Profit Margin-3.6%••••••••••••••••
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 Bay-Forge are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Bay-Forge Private Limited

Bay-Forge Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Foundry and Fabrication). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kurz (India) Private Limited••••••••••••••••-New Delhi, Delhi, India
Echjay Forgings Private Limited••••••••••••••••171Mumbai, Maharashtra, India
Indian Commerce & Industries Company Private Limited••••••••••••••••-T Nagar, Tamil Nadu, India
Recmet Alloys Private Limited••••••••••••••••-Kolkata, West Bengal, India
Chandanpani Limited••••••••••••••••-Vasna Margiya, Gujarat, India
Bay-Forge Private Limited this company••••••••••••••••-Madurantakam Taluk, Tamil Nadu, India
Metlonics Industries Private Limited••••••••••••••••135Punjab, India
Western Heat and Forge Pvt Ltd••••••••••••••••189Pune, Maharashtra, India
Swadesh Green Infra Limited••••••••••••••••-New Delhi, Delhi, India
Ghalsasi Smelting Private Limited••••••••••••••••31Pune, Maharashtra, India
Nice Projects Limited••••••••••••••••-New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Bay-Forge by revenue in the Engineering industry (Foundry and Fabrication), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Bay-Forge Private Limited

Bay-Forge Private Limited is audited by B S R & Co.Llp for the financial year 2023.

NameStatusAppointment DateCessation Date
B S R & Co.LlpLockedLockedLocked
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Board of Directors of Bay-Forge Private Limited

Bay-Forge has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vincenzo VaccariDirector05 Apr 200818 Years 6 MonthsCurrent
Marco GelfiDirector28 Feb 200917 Years 7 MonthsCurrent
Jacopo GuzzoniDirector10 May 200620 Years 4 MonthsCurrent
Adaikalam Christopheramirtharaj JulianManaging Director11 Jan 201214 Years 8 MonthsCurrent
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Ownership and Shareholding of Bay-Forge Private Limited

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Charges & Borrowings of Bay-Forge Private Limited

Open charges
None
Satisfied charges
₹151.4 Cr
Breakdown by lending institutions
State Bank of Travancore₹79.00 Cr
Idbi Bank Limited₹65.90 Cr
State Bank of India₹5.00 Cr
The Industrial Finannce Co. of India Ltd₹1.50 Cr
Latest charge details
DateLenderAmountStatus
31 Jan 2018Idbi Bank Limited₹12 CrSatisfied
26 Nov 2008State Bank of Travancore₹18 CrSatisfied
03 Jun 2008Idbi Bank Limited₹33.9 CrSatisfied
25 Aug 2007Idbi Bank Limited₹10 CrSatisfied
24 Feb 2007Idbi Bank Limited₹10 CrSatisfied

Total charge records: 9 View all charges

MSME Payment Delays by Bay-Forge Private Limited

Bay-Forge Private Limited has 5 MSME Form 1 returns on record between 2020 and 2022, listing 10 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 8)

SupplierAmount dueDue sinceReported on
Precision Machines and Equipments Private Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Delta Weartech Engineers Private Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Bay-Forge Private Limited

Bay-Forge operates one associated brand: FOMAS. Each brand links to its own profile.

BrandDescriptionWebsite
FOMAS
Manufacturer of fish, shrimp, and pet food productsfomasgroup.com

Employees and EPFO Compliance at Bay-Forge Private Limited

Bay-Forge Private Limited has a workforce of 172 employees as of Mar 21, 2024.

Employee count
172
Active EPFO establishments
1
Employee growth
-2.82%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Verified entity values are shown only after access is granted.

Name History of Bay-Forge Private Limited

Bay-Forge has undergone 2 name changes throughout its history. The company was previously known as Fomas India Limited, and Bay-Forge Limited. The current legal name is Bay-Forge Private Limited.

Company NameStatus
Bay-Forge Private LimitedCurrent
Fomas India LimitedPrevious
Bay-Forge LimitedPrevious

CIN History of Bay-Forge Private Limited

Bay-Forge has one previous CIN (Corporate Identification Number): U27209TN1990PLC019404. The current CIN is U27209TN1990PTC019404, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U27209TN1990PTC019404Current
U27209TN1990PLC019404Previous

Recent Activity on Bay-Forge Private Limited

Bay-Forge Private Limited has 20 board changes on record since 2006: 4 appointments and 16 cessations. The latest: Massimo Guzzoni ceased to be Director on 14 Jun 2021.

AGM
Bay-Forge Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bay-Forge Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Massimo Guzzoni ceased to be Director.
Charges
A charge registered on 31 Jan 2018 via Charge ID 100151870 with Idbi Bank Limited was fully satisfied on 24 Aug 2020.
Charges
A charge with Idbi Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100151870 was registered on 31 Jan 2018.
Ceased
Zanfrini Arnaldo ceased to be Director.
Charges
A charge registered on 01 Jul 1996 via Charge ID 90290128 with State Bank Of Travancore was fully satisfied on 06 May 2015.
Charges
A charge registered on 22 Jul 2005 via Charge ID 80011099 with State Bank Of India was fully satisfied on 12 Jun 2014.
Charges
A charge registered on 25 Aug 2007 via Charge ID 10153268 with Idbi Bank Limited was fully satisfied on 05 May 2014.
Charges
A charge registered on 03 Jun 2008 via Charge ID 10114781 with Idbi Bank Limited was fully satisfied on 22 Apr 2014.
Charges
A charge registered on 24 Feb 2007 via Charge ID 10045700 with Idbi Bank Limited was fully satisfied on 22 Apr 2014.
Ceased
Carlo Emilio Rocca ceased to be Director.

35 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Bay-Forge Private Limited

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Subsidiaries & Group Companies of Bay-Forge Private Limited

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GST Compliance of Bay-Forge Private Limited

Bay-Forge has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AAACF0453D1ZDTamil NaduActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Bay-Forge Private Limited

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MCA filings and documents

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Frequently Asked Questions about Bay-Forge Private Limited

Bay-Forge is an active private limited company based in Madurantakam Taluk, Tamil Nadu, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 17 July 1990 (36+ years old) and is registered under CIN U27209TN1990PTC019404.

Bay-Forge reported revenue of ₹171.49 Cr for FY 2025 (up 1% YoY).

Bay-Forge has 4 current directors:

Bay-Forge reported a net loss of ₹6.15 Cr (net margin -3.6%) and EBITDA of ₹1.32 Cr (EBITDA margin 0.8%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Bay-Forge is -1% over three years and 1% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Bay-Forge is 33AAACF0453D1ZD, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of Bay-Forge is U27209TN1990PTC019404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Bay-Forge has 64 court cases on record: 56 filed by the company and 8 filed against it. 14 are pending. Most are in the high courts.

Bay-Forge was incorporated on 17 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chennai.

The peers of Bay-Forge by revenue are Kurz (India) Private Limited, Echjay Forgings Private Limited, Indian Commerce & Industries Company Private Limited, Recmet Alloys Private Limited, Chandanpani Limited and 5 more, all in the Engineering industry (Foundry and Fabrication).

Massimo Guzzoni ceased to be Director on 14 Jun 2021. Zanfrini Arnaldo ceased to be Director on 26 Sep 2017. Carlo Emilio Rocca ceased to be Director on 20 Mar 2014. Bay-Forge has 20 board changes on record in total.

Bay-Forge has 5 MSME Form 1 returns on record between 2020 and 2022, listing 10 overdue payments to 8 micro and small suppliers. The latest return was filed on 22 Apr 2022.

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