MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0000294
BF Industrial Technology & Solutions Limited - machinery and equipment in Vaghodia, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹111.87 Cr
▼ 1% YoY
Net profit · FY 2025
₹5.53 Cr
Net margin 4.9%
EBITDA · FY 2025
₹10.18 Cr
EBITDA margin 9.1%
Authorised capital
₹91 Cr
Registered with MCA
Paid-up capital
₹90.05 Cr
Issued & subscribed
Open charges
₹11 Cr
Satisfied ₹584.45 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
186
Provident fund records
About BF Industrial Technology & Solutions Limited
Data last updated:
BF Industrial Technology & Solutions Limited is a public limited company based in Vaghodia, Gujarat, India, a subsidiary of Bf Industrial Solutions Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 16 March 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28910GJ1989PLC012015. Its GSTIN is 24AADCS2903E1ZV (Gujarat).
The company has an authorised share capital of ₹91 Cr and a paid-up capital of ₹90.05 Cr. It was formerly known as Sanghvi Forging and Engineering Private Limited and Sanghvi Forging and Engineering Limited. It is led by directors including Sanjeevkumar Sumatilal Jain (Whole-Time Director) and Vikram Manohar Munje.
Its last annual general meeting (AGM) was held on 01 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vaghodia, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.87 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹5.53 Cr (net margin 4.9%) and EBITDA of ₹10.18 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The company has about 186 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11 Cr and satisfied charges of ₹584.45 Cr on record. Court records list 32 cases involving the company, including 9 filed by the company and 24 filed against it; 9 cases are pending. The company has 50 deals on record (42 market trades, 7 funding rounds, 1 ipo), with disclosed funding of ₹15.63 Cr; the latest was in January 2016. Its 3 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Esteem Projects Private Limited with revenue of ₹112.37 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 307 overdue payments to 78 micro and small suppliers.
BF Industrial Technology & Solutions Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0000294). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bfitsl.com.
Company details
CIN U28910GJ1989PLC012015
Registration Number 012015
Incorporation Date 16 March 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Bf Industrial Solutions Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0000294
Name history
BF Industrial Technology & Solutions has undergone 2 name changes throughout its history. The company was previously known as Sanghvi Forging And Engineering Private Limited, and Sanghvi Forging And Engineering Limited. The current legal name is Bf Industrial Technology & Solutions Limited.
| Company Name | Status |
|---|---|
| BF Industrial Technology & Solutions Limited | Current |
| Sanghvi Forging And Engineering Private Limited | Previous |
| Sanghvi Forging And Engineering Limited | Previous |
CIN history
BF Industrial Technology & Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28910GJ1989PLC012015, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910GJ1989PLC012015 | Current |
| U28910GJ1991PLC012015 | Previous |
| L28910GJ1989PLC012015 | Previous |
Key People
Sanjeevkumar Sumatilal Jain Whole-Time Director Vikram Manohar Munje Director Sandeep Nikku Goel Director Recognitions & Rankings of BF Industrial Technology & Solutions
Contact details
BF Industrial Technology & Solutions Limited's registered office is in Vaghodia, Gujarat.
- Social Media
- Registered AddressPlot No. 1401 – 1402 – 1403, GIDC Industrial Estate Waghodia Vadodara, Vaghodia, Gujarat, India – 391760
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
BF Industrial Technology & Solutions Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of BF Industrial Technology & Solutions 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 |
To see the full business activity and turnover split of BF Industrial Technology & Solutions Limited, buy the company report.
Financials of BF Industrial Technology & Solutions Limited
FY 2025 filings availableBF Industrial Technology & Solutions Limited reported revenue of ₹111.87 Cr (down 1% YoY) for FY 2025.
Revenue · FY 2025
₹111.87 Cr ▼ 1%
Net profit · FY 2025
₹5.53 Cr margin 4.9%
EBITDA · FY 2025
₹10.18 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 21%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 30%
5 years · compounded
▲ 12%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 34% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹10.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.53 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 4.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of BF Industrial Technology & Solutions Limited, buy the company report.
Board of directors of BF Industrial Technology & Solutions Limited
BF Industrial Technology & Solutions has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeevkumar Sumatilal Jain Also directs: Akhil Bhartiya Jaiswal Jain Foundation | Whole-Time Director | 27 Apr 2022 | 4 Years 6 Months | Current |
| Vikram Manohar Munje Also directs: Agneyastra Energetics Limited, Kalyani Rafael Advanced Systems Private Limited, Kalyani Strategic Systems Limited and 5 more | Director | 28 Jun 2021 | 5 Years 4 Months | Current |
| Sandeep Nikku Goel | Director | 16 Jul 2021 | 5 Years 3 Months | Current |
| Kedar Prakash Dixit | Director | 28 Jun 2021 | 5 Years 4 Months | Current |
| Sumeet Banga | Director | 01 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
BF Industrial Technology & Solutions Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Esteem Projects Private Limited | ₹112.37 Cr (FY 2025) | 58.0% | New Delhi, Delhi, India | |||
| R. Y. Extrusion Private Limited | ₹111.96 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| BF Industrial Technology & Solutions Limitedthis company | ₹111.87 Cr (FY 2025) | ₹5.53 Cr | 4.9% | -1.0% | Vaghodia, Gujarat, India | |
| Vinfab Engineers India Private Limited | ₹111.49 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of BF Industrial Technology & Solutions Limited, buy the company report.
Charges & borrowings
Open charges
₹11 Cr
Satisfied charges
₹584.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2022 | 100538303 | Others | ₹11 Cr | Open | |
| 03 Jul 2014 | 10511697 | Others | ₹109.48 Cr | Satisfied | |
| 18 Feb 2014 | 10478795 | Others | ₹109.48 Cr | Satisfied | |
| 17 Aug 2011 | 10303386 | Others | ₹165.33 Cr | Satisfied | |
| 12 Mar 2011 | 10272554 | Others | ₹165.33 Cr | Satisfied |
To see the full charge records of BF Industrial Technology & Solutions Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
BF Industrial Technology & Solutions Limited has 50 deals on record (42 market trades, 7 funding rounds, 1 ipo), with disclosed funding of ₹15.63 Cr; the latest was in January 2016.
Total deals
50
Market trades
42
Funding rounds
7
IPO
1
Disclosed funding
₹15.63 Cr
Deals on record (5 of 50)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2012 | Market trade | ₹35 Lakh | Buyer: Sykes and Ray Equities (India ) Ltd Seller: Sykes and Ray Equities (India ) Ltd |
| Aug 2012 | Market trade | ₹57.6 Lakh | Buyer: Aarav Financial Services Private Limited Seller: Aarav Financial Services Private Limited |
| Aug 2012 | Market trade | ₹1.54 Cr | Buyer: Aarav Financial Services Private Limited Seller: Aarav Financial Services Private Limited |
| Aug 2012 | Market trade | ₹56.7 Lakh | Buyer: Aarav Financial Services Private Limited Seller: Aarav Financial Services Private Limited |
| Aug 2012 | Market trade | ₹54.8 Lakh | Seller: Aarav Financial Services Private Limited |
To see the full deal history of BF Industrial Technology & Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
BF Industrial Technology & Solutions Limited has 32 court cases on record: 9 filed by BF Industrial Technology & Solutions, 24 filed against it. 9 cases are pending and 23 are disposed.
Total cases
32
Filed by the company
9
Filed against the company
24
Pending
9
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 0 |
| NCLAT | 9 | 9 | 8 |
| High courts | 6 | 0 | 1 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (CR.RA) | Filed by the company against Aqseptence Group (India) Pvt Ltd and 3 others | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Bank of Baroda | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Sanghvi Forging & Engineering Limited and 1 other | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Parthiv Parikh RP of Sanghvi Forging & Engineering Ltd. and 1 other | Disposed |
| District court, East, Delhi | Criminal case | Filed against the company by M/S Tata Steel BSL Ltd. | Disposed |
To see the full case history of BF Industrial Technology & Solutions 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.
MSME payment delays
BF Industrial Technology & Solutions Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 307 overdue payments to 78 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 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Goradia Special Steels Limited | |||
| PMT Machines Limited | |||
| Cretek Engineering Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of BF Industrial Technology & Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
BF Industrial Technology & Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCS2903E1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of BF Industrial Technology & Solutions Limited, buy the company report.
Recent activity
BF Industrial Technology & Solutions Limited has 24 board changes on record since 2010: 5 appointments and 19 cessations. The latest: Hemrajsinh Harishchandrasinh Solanki ceased to be Director on 26 Apr 2025.
AGM
Bf Industrial Technology & Solutions Limited last Annual general meeting of members was held on 01 Aug 2025 as per latest MCA records.
Ceased
Hemrajsinh Harishchandrasinh Solanki ceased to be Director.
Filing
Bf Industrial Technology & Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Sumeet Banga ceased to be Additional Director.
Appointed
Sumeet Banga was appointed as Director.
Ceased
Sanjeev Maruti Nimkar ceased to be Additional Director.
Ceased
Kishore Mukund Saletore ceased to be Director.
Appointed
Sanjeevkumar Sumatilal Jain was appointed as Whole-Time Director.
Ceased
Sanjeevkumar Sumatilal Jain ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 11.00 Cr with Charge ID 100538303 was registered on 27 Jan 2022.
Ceased
Sandeep Nikku Goel ceased to be Additional Director.
Charges
A charge registered on 03 Jul 2014 via Charge ID 10511697 with Others was fully satisfied on 07 Sep 2021.
38 earlier events are in the company report.
Frequently asked questions
BF Industrial Technology & Solutions is an active public limited company based in Vaghodia, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 16 March 1989 (37+ years old) and is registered under CIN U28910GJ1989PLC012015.
BF Industrial Technology & Solutions has 5 current directors:
- Sanjeevkumar Sumatilal Jain - Whole-Time Director
- Vikram Manohar Munje - Director
- Sandeep Nikku Goel - Director
- Kedar Prakash Dixit - Director
- Sumeet Banga - Director
The latest financial statements of BF Industrial Technology & Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of BF Industrial Technology & Solutions is 24AADCS2903E1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of BF Industrial Technology & Solutions is U28910GJ1989PLC012015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BF Industrial Technology & Solutions has 32 court cases on record: 9 filed by the company and 24 filed against it. 9 are pending. Most are in the district courts.
BF Industrial Technology & Solutions was incorporated on 16 March 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
BF Industrial Technology & Solutions has 50 deals on record (42 market trades, 7 funding rounds, 1 ipo), with disclosed funding of ₹15.63 Cr; the latest was in January 2016.
The peers of BF Industrial Technology & Solutions by revenue are Esteem Projects Private Limited, R. Y. Extrusion Private Limited, Vinfab Engineers India Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).
Hemrajsinh Harishchandrasinh Solanki ceased to be Director on 26 Apr 2025. Sumeet Banga ceased to be Additional Director on 06 Aug 2024. Sumeet Banga was appointed as Director on 01 Jan 2024. BF Industrial Technology & Solutions has 24 board changes on record in total.
Yes, BF Industrial Technology & Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0000294).
BF Industrial Technology & Solutions has 16 MSME Form 1 returns on record between 2019 and 2024, listing 307 overdue payments to 78 micro and small suppliers. The latest return was filed on 30 Apr 2024.