MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-04-0049355
Devgiri Forgings Private Limited - engineering in Gangapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹274.36 Cr
▲ 24% YoY
Net profit · FY 2025
₹21.17 Cr
Net margin 7.7%
EBITDA · FY 2025
₹59.99 Cr
EBITDA margin 21.9%
Authorised capital
₹3.75 Cr
Registered with MCA
Paid-up capital
₹3.67 Cr
Issued & subscribed
Open charges
₹499.21 Cr
Satisfied ₹24.5 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
142
Provident fund records
About Devgiri Forgings Private Limited
Data last updated:
Devgiri Forgings Private Limited is a private limited company based in Gangapur, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 13 June 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28910MH1985PTC036578. Its GSTIN is 27AAACD9982F1ZC (Maharashtra).
The company has an authorised share capital of ₹3.75 Cr and a paid-up capital of ₹3.67 Cr. It is led by directors including Hatim Husain Kantawalla and Jashwantlal Chhotalal Shah.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gut No 64 Narayanpur (Bk) 14Km Stone, Aurangabad – Pune Road Gangapur Taluka, Maharashtra, India – 431133.
As per the financials filed for FY 2025, the company reported a revenue of ₹274.36 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹21.17 Cr (net margin 7.7%) and EBITDA of ₹59.99 Cr (EBITDA margin 21.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
The company has about 142 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maso Automotives. As per MCA filings, the company has open charges of ₹499.21 Cr and satisfied charges of ₹24.5 Cr on record. Court records list 7 cases involving the company, including 7 filed by the company; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2011. Its 6 peer companies in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Paruthi Engineers Private Limited with revenue of ₹282.8 Cr.
Devgiri Forgings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0049355). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maso-group.com.
Company details
CIN U28910MH1985PTC036578
Registration Number 036578
Incorporation Date 13 June 1985
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-04-0049355
Key People
Hatim Husain Kantawalla Director Jashwantlal Chhotalal Shah Director Raghuram Krishna Someshwar Director Recognitions & Rankings of Devgiri Forgings
Contact details
Devgiri Forgings Private Limited's registered office is in Gangapur, Maharashtra. Its website is maso-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGut No 64 Narayanpur (Bk) 14Km Stone, Aurangabad – Pune Road Gangapur Taluka, Maharashtra, India – 431133
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Devgiri Forgings Private Limited, buy the company report.
Comprehensive company report
Devgiri Forgings Private 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
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Brands
Devgiri Forgings operates one associated brand: Maso Automotives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures forged components for auto, farm, and engineering sectors using advanced technology. | maso-group.com |
Business activity
The main business activity of Devgiri Forgings 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 Devgiri Forgings Private Limited, buy the company report.
Financials of Devgiri Forgings Private Limited
FY 2025 filings availableDevgiri Forgings Private Limited reported revenue of ₹274.36 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹274.36 Cr ▲ 24%
Net profit · FY 2025
₹21.17 Cr margin 7.7%
EBITDA · FY 2025
₹59.99 Cr margin 21.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 24% over three years, including 24% growth in the latest year. EBITDA rose 45% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹59.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.17 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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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 | 21.9% | ||||
| Net Profit Margin | 7.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Devgiri Forgings Private Limited, buy the company report.
Board of directors of Devgiri Forgings Private Limited
Devgiri Forgings has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hatim Husain Kantawalla Also directs: Flooid LLP, Flooid Technologies Private Limited | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Jashwantlal Chhotalal Shah | Director | 25 Nov 1997 | 28 Years 11 Months | Current |
| Raghuram Krishna Someshwar Also directs: Maso Automotives Pvt Ltd, Sree Guru Narsimha Foundation | Director | 27 Jan 1986 | 40 Years 9 Months | Current |
| Aditi Mahesh Someshwar Also directs: Mascor Precisions Private Limited, Sree Guru Narsimha Foundation | Director | 09 Oct 2015 | 11 Years 0 Months | Current |
| Mahesh Raghuram Someshwar | Director | 22 Dec 1995 | 30 Years 10 Months | Current |
Peer comparison
Devgiri Forgings Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), 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 |
|---|---|---|---|---|---|---|
| Paruthi Engineers Private Limited | ₹282.8 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Madhav Udyog Private Limited | ₹281.96 Cr (FY 2025) | 32.0% | Fatehgarh Sahib, Punjab, India | |||
| Omega Rolling Mills Private Limited | ₹281.6 Cr (FY 2025) | 15.0% | Boisar, Maharashtra, India | |||
| Devgiri Forgings Private Limitedthis company | ₹274.36 Cr (FY 2025) | ₹21.17 Cr | 7.7% | 24.0% | 142 | Gangapur, Maharashtra, India |
| Lakshmi Precision Screws Limited | ₹274.13 Cr (FY 2017) | -28.0% | Haryana, India | |||
| Konart Steel Buildings Private Limited | ₹273.79 Cr (FY 2025) | 5.0% | Ambli, Gujarat, India | |||
| Cubex Tubings Ltd | ₹269.19 Cr (FY 2025) | 21.0% | Telangana, India |
To see the full peer comparison of Devgiri Forgings Private Limited, buy the company report.
Auditor
Devgiri Forgings Private Limited is audited by Ratan Chandak & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ratan Chandak & Company | FY 2023 | 108696W |
Shareholding
The shareholding of Devgiri Forgings Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devgiri Forgings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹499.21 Cr
Satisfied charges
₹24.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2025 | 101077093 | Others | ₹15 Cr | Open | |
| 30 Nov 2023 | 100825051 | Others | ₹99.5 Cr | Open | |
| 01 Nov 2018 | 100217765 | Others | ₹26.25 Cr | Open | |
| 05 Jan 2018 | 100149369 | Others | ₹20.8 Cr | Open | |
| 05 Dec 2016 | 100069008 | Others | ₹11.25 Cr | Open |
To see the full charge records of Devgiri Forgings Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Devgiri Forgings Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2011.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Raghuram Krishna Someshwar HUF Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devgiri Forgings Private Limited has 7 court cases on record: 7 filed by Devgiri Forgings. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
7
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 3 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Others | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Mah and Ors | Disposed |
To see the full case history of Devgiri Forgings 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devgiri Forgings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devgiri Forgings Private Limited has a workforce of 142 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
142
Active EPFO establishments
1
Employee growth
-2.07%
GST
Devgiri Forgings has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD9982F1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devgiri Forgings Private Limited, buy the company report.
Recent activity
Devgiri Forgings Private Limited has 9 board changes on record since 1986: 5 appointments and 4 cessations. The latest: Ajit Eledath Venugopalan ceased to be Additional Director on 29 Sep 2024.
AGM
Devgiri Forgings Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 151.62 Cr registered on 02 Jan 2010 with Charge ID 10201138 was modified on 13 Aug 2025.
Charges
A charge with Others of Rs. 92.94 Cr registered on 02 Jan 2010 with Charge ID 10201139 was modified on 13 Aug 2025.
Filing
Devgiri Forgings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101077093 was registered on 24 Mar 2025.
Ceased
Ajit Eledath Venugopalan ceased to be Additional Director.
Ceased
Hatim Husain Kantawalla ceased to be Additional Director.
Appointed
Hatim Husain Kantawalla was appointed as Director.
Charges
A charge with Others of Rs. 99.50 Cr registered on 30 Nov 2023 with Charge ID 100825051 was modified on 17 Feb 2024.
Charges
A charge with Others amounted to Rs. 99.50 Cr with Charge ID 100825051 was registered on 30 Nov 2023.
Charges
A charge with Others amounted to Rs. 26.25 Cr with Charge ID 100217765 was registered on 01 Nov 2018.
Charges
A charge with Others amounted to Rs. 20.80 Cr with Charge ID 100149369 was registered on 05 Jan 2018.
56 earlier events are in the company report.
Frequently asked questions
Devgiri Forgings is an active private limited company based in Gangapur, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 13 June 1985 (41+ years old) and is registered under CIN U28910MH1985PTC036578.
Devgiri Forgings has 5 current directors:
- Hatim Husain Kantawalla - Director
- Jashwantlal Chhotalal Shah - Director
- Raghuram Krishna Someshwar - Director
- Aditi Mahesh Someshwar - Director
- Mahesh Raghuram Someshwar - Director
The latest financial statements of Devgiri Forgings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devgiri Forgings is 27AAACD9982F1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Devgiri Forgings is U28910MH1985PTC036578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devgiri Forgings has 7 court cases on record: 7 filed by the company. 1 is pending. Most are in the high courts.
Devgiri Forgings was incorporated on 13 June 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Devgiri Forgings has 1 deal on record (1 secondary share transfer); the latest was in March 2011.
The peers of Devgiri Forgings by revenue are Paruthi Engineers Private Limited, Madhav Udyog Private Limited, Omega Rolling Mills Private Limited, Lakshmi Precision Screws Limited, Konart Steel Buildings Private Limited and 1 more, all in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), with the same principal business activity (metal and metal products).
Ajit Eledath Venugopalan ceased to be Additional Director on 29 Sep 2024. Hatim Husain Kantawalla ceased to be Additional Director on 29 Sep 2024. Hatim Husain Kantawalla was appointed as Director on 01 Mar 2024. Devgiri Forgings has 9 board changes on record in total.
Yes, Devgiri Forgings is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-04-0049355).
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