About Bill Forge Private Limited
Data last updated:
Bill Forge Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Mahindra Cie Automotive Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 23 December 1982.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U51392KA1982PTC005086. The company has 8 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3.65 Cr and a paid-up capital of ₹1.17 Cr. It was led by directors including Hari Krishnan (Managing Director) and Anil Haridass (Managing Director).
Its last annual general meeting (AGM) was held on 03 May 2019, and its latest financial statements are for the year ended 31 December 2018. The registered office was at No.9C Bommasandra – Industrial Area Bangalore, Karnataka, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹831.15 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹78.81 Cr (net margin 9.5%) and EBITDA of ₹157.8 Cr (EBITDA margin 19%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
Its group structure included 1 subsidiary.
The company was associated with 2 brands: Billforge and CIE Automotive. As per MCA filings, the company had satisfied charges of ₹547.94 Cr on record. Court records list 45 cases involving the company, including 28 filed by the company and 17 filed against it; 4 cases are pending. The company has 13 deals on record (6 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹117.49 Cr; the latest was in April 2017. Its 10 peer companies in the Automobiles industry (Auto Ancillary, Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Vibracoustic India Private Limited with revenue of ₹845.52 Cr.
The last known website on record is billforge.com.
Company details
Contact details
Bill Forge Private Limited's registered office is in Bangalore, Karnataka. Its website is billforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.9C Bommasandra – Industrial Area Bangalore, Karnataka, India
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Bill 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
Brands
Bill Forge operates two associated brands: Billforge and CIE Automotive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures forged and machined auto components to OEMs and tier 1 companies | billforge.com | |
| Manufacturer and supplier of major auto components to OEMs and tier 1 companies | cieautomotive.com |
Financials of Bill Forge Private Limited
FY 2018 filings availableBill Forge Private Limited reported revenue of ₹831.15 Cr (up 14% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over three years, including 14% growth in the latest year. EBITDA rose 19% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹831.15 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹157.8 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹78.81 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 19% | |||
| Net Profit Margin | 9.5% | |||
| 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 | ||||
To see the full financial statements and ratios of Bill Forge Private Limited, buy the company report.
Board of directors of Bill Forge Private Limited
Bill Forge has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Krishnan Also directs: Sansera Engineering Limited | Managing Director | 30 May 2007 | 19 Years 5 Months | As last reported |
| Hemant Luthra | Director | 20 Oct 2016 | 10 Years 0 Months | As last reported |
| Ander Arenaza Alvarez Also directs: Cie Automotive India Limited, Cie Aluminium Casting India Limited | Director | 20 Oct 2016 | 10 Years 0 Months | As last reported |
| Romesh Kaul | Director | 24 Oct 2017 | 9 Years 0 Months | As last reported |
| Daljit Lilaram Mirchandani | Director | 20 Oct 2016 | 10 Years 0 Months | As last reported |
| Manojkumar Madangopal Maheshwari Also directs: Algo Vantage LLP, RPG Life Sciences Limited, Maheshwari Investors Private Limited and 2 more | Director | 20 Oct 2016 | 10 Years 0 Months | As last reported |
Peer comparison
Bill Forge Private Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Tools and Components), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vibracoustic India Private Limited | ₹845.52 Cr (FY 2025) | 4.0% | Mohali, Punjab, India | |||
| Talbros Automotive Components Limited | ₹844.73 Cr (FY 2025) | 7.0% | Faridabad, Haryana, India | |||
| Hanon Climate Systems India Private Limited | ₹844.2 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Sound Castings Pvt Ltd | ₹843.72 Cr (FY 2025) | 3.0% | Kolhapur, Maharashtra, India | |||
| Igarashi Motors India Limited | ₹840.81 Cr (FY 2025) | 16.0% | Mepz, Tambaram, Madras-45, Tamil Nadu, India | |||
| Bill Forge Private Limitedthis company | ₹831.15 Cr (FY 2018) | ₹78.81 Cr | 9.5% | 14.0% | Bangalore, Karnataka, India | |
| Timken Engineering and Research - India Private Limited | ₹829.87 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| Harsha Engineers Limited | ₹829.71 Cr (FY 2020) | -11.0% | Ahmedabad, Gujarat, India | |||
| Minda Instruments Limited | ₹827.8 Cr (FY 2025) | 18.0% | Delhi, India | |||
| Mat Brakes India Private Limited | ₹825.87 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Ucal Limited | ₹824.49 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Bill Forge Private Limited, buy the company report.
Auditor
Bill Forge Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2018 | 012754N/N500016 |
Shareholding
The shareholding of Bill Forge Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bill Forge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2016 | 100043753 | Others | ₹95 Cr | Satisfied | |
| 12 Feb 2016 | 10622927 | Others | ₹61.5 Cr | Satisfied | |
| 15 Feb 2013 | 10412042 | Bajaj Finance Limited | ₹42.5 Cr | Satisfied | |
| 05 Nov 2011 | 10319851 | Bajaj Finance Limited | ₹6 Cr | Satisfied | |
| 19 Jun 2009 | 10165424 | State Bank of India | ₹137.25 Cr | Satisfied |
To see the full charge records of Bill Forge Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Bill Forge Private Limited has 13 deals on record (6 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹117.49 Cr; the latest was in April 2017.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Funding round | ₹47.93 Cr | Investors: Kedaara Capital |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Kedaara Capital, 3 individuals Seller: Anil Haridass & A And S Capital Partners, Bill Forge Esop Trust, 2 individuals |
| Feb 2015 | Funding round | ₹53.75 Cr | Investors: Kedaara Capital |
| Dec 2014 | Secondary share transfer | Undisclosed | Seller: Bill Forge Esop Trust |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Proalpha Advisors, 3 individuals Seller: Others Bills Forge Private Limited, 2 individuals |
To see the full deal history of Bill Forge Private 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
Bill Forge Private Limited has 45 court cases on record: 28 filed by Bill Forge, 17 filed against it. 4 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 5 | 2 |
| District courts | 18 | 11 | 2 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed against the company by Press Tools and Elements Private Limited Rep by. Mr.Tallam Venkatesh Managing Director No. 93/8, Subhadra South End Road , District: Bangalore ,Bangalore , Karnataka and 6 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms. Bic Logistics Ventures Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Bill 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
Bill Forge Private Limited was last rated by Icra on 03 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 03 Dec 2019 |
To see the full credit ratings and regulatory alerts of Bill Forge Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bill Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bill Forge has 1 subsidiary company and 6 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| BF Precision Private Limited | U29253TZ2016PTC022193 |
To see the full group structure of Bill Forge Private Limited, buy the company report.
GST
Bill Forge has 8 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bill Forge Private Limited, buy the company report.
Recent activity
Bill Forge Private Limited has 17 board changes on record since 1982: 7 appointments and 10 cessations. The latest: Ravindra Krishnaswamy Iyengar ceased to be Director on 02 Jul 2019.
45 earlier events are in the company report.
Frequently asked questions
Bill Forge has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Bill Forge was a private limited company based in Bangalore, Karnataka, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 23 December 1982 and is registered under CIN U51392KA1982PTC005086. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bill Forge was incorporated on 23 December 1982. It is registered with the Registrar of Companies, Bangalore.
Bill Forge had 7 directors:
- Hari Krishnan - Managing Director
- Anil Haridass - Managing Director
- Hemant Luthra - Director
- Ander Arenaza Alvarez - Director
- Romesh Kaul - Director
- Daljit Lilaram Mirchandani - Director
- Manojkumar Madangopal Maheshwari - Director
The CIN (Corporate Identification Number) of Bill Forge is U51392KA1982PTC005086. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bill Forge is at No.9C Bommasandra – Industrial Area Bangalore, Karnataka, India.
Bill Forge can be reached through the website billforge.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Bill Forge on record with the MCA are for the year ended 31 December 2018. Its last annual general meeting was held on 03 May 2019. Year-wise statements from 2015 are in the company report.
No. Bill Forge has 8 GST registrations on record and all of them are cancelled or inactive.
Bill Forge operated in the automotive industry, in the auto parts and components segment.
Bill Forge has 13 deals on record (6 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹117.49 Cr; the latest was in April 2017.
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