Echjay Forgings Private Limited

Echjay Forgings Private Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U28910MH1983PTC030795 Incorporated 08 September 1983 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company engineering MSME · Medium
Data last updated
Revenue · FY 2025
₹174.54 Cr
▲ 15% YoY
Net loss · FY 2025
₹3.49 Cr
Net margin -2%
EBITDA · FY 2025
-₹24.69 Lakh
EBITDA margin -0.1%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.85 Cr
Issued & subscribed
Open charges
₹56.5 Cr
Satisfied ₹106.11 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
179
Provident fund records

About Echjay Forgings Private Limited

Data last updated:

Echjay Forgings Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 08 September 1983 and has been in existence for over 43 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28910MH1983PTC030795. Its GSTIN is 27AAACE1902A1ZH (Maharashtra).

The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.85 Cr. It was formerly known as Echjay Forgings Limited. It is led by directors including Sarvadaman Mansukhlal Doshi (Managing Director) and Pankaj Mansukhlal Doshi (Managing Director).

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 603/604 Raheja Chembers 213 Backbay Reclamation Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.

As per the financials filed for FY 2025, the company reported a revenue of ₹174.54 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹3.49 Cr (net margin -2%) and EBITDA of -₹24.69 Lakh (EBITDA margin -0.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 18% over five years.

The company has about 179 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Echjay Forgings. As per MCA filings, the company has open charges of ₹56.5 Cr and satisfied charges of ₹106.11 Cr on record. Court records list 43 cases involving the company, including 17 filed by the company and 26 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in November 2021. Its 3 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 smaller; the largest is Paloma Turning Co Private Limited with revenue of ₹173.8 Cr. The company has 3 MSME Form 1 returns on record between 2017 and 2019, listing 17 overdue payments to 11 micro and small suppliers.

Echjay Forgings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000974). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website echjay.com.

Company details

CIN U28910MH1983PTC030795
Registration Number 030795
Incorporation Date 08 September 1983
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0000974
Key People
Sarvadaman Mansukhlal Doshi Managing Director Pankaj Mansukhlal Doshi Managing Director Dhanish Sarvadaman Doshi Director

Recognitions & Rankings of Echjay Forgings

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0000974

Contact details

Echjay Forgings Private Limited's registered office is in Mumbai, Maharashtra. Its website is echjay.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    echjay.com
  • Social Media
  • Registered Address
    603/604 Raheja Chembers 213 Backbay Reclamation Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Engineering, Metal Foundry & Fabrication Services

To see the full contact details of Echjay Forgings Private Limited, buy the company report.

Comprehensive company report
Echjay 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

Echjay Forgings operates one associated brand: Echjay Forgings. Each brand links to its own profile.

BrandDescriptionWebsite
Echjay Forgings
Manufactures industrial forgings, flanges, and rings for various sectors worldwide.echjay.com

Business activity

The main business activity of Echjay Forgings is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Echjay Forgings Private Limited, buy the company report.

Financials of Echjay Forgings Private Limited

FY 2024 filings available

Echjay Forgings Private Limited reported revenue of ₹174.54 Cr (up 15% YoY) for FY 2025.

Revenue · FY 2025
₹174.54 Cr ▲ 15%
Net loss · FY 2025
₹3.49 Cr margin -2%
EBITDA · FY 2025
-₹24.69 Lakh margin -0.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 12%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 115%
3 years · compounded
▲ 50%
5 years · compounded
▲ 43%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 15% growth in the latest year. EBITDA fell 115% 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

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-₹24.69 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.49 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-0.1%
Net Profit Margin-2%
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 Echjay Forgings Private Limited, buy the company report.

Board of directors of Echjay Forgings Private Limited

Echjay Forgings has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dhanish Sarvadaman Doshi
Also directs: Echjay Exim Private Limited
Director06 Oct 199432 Years 1 MonthsCurrent
Dhaval Sarvadaman Doshi
Also directs: Echjay Exim Private Limited
Director16 Jan 199432 Years 9 MonthsCurrent
Sarvadaman Mansukhlal Doshi
Also directs: Echjay Exim Private Limited
Managing Director10 Aug 201610 Years 3 MonthsCurrent
Pankaj Mansukhlal Doshi
Also directs: Echjay Exim Private Limited
Managing Director10 Jun 201610 Years 5 MonthsCurrent
Janak Pankaj DoshiDirector28 Jan 199333 Years 9 MonthsCurrent
View all directors

Peer comparison

Echjay Forgings Private Limited is compared with the 3 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Echjay Forgings Private Limitedthis company₹174.54 Cr (FY 2025)-₹3.49 Cr-2%15.0%179Mumbai, Maharashtra, India
Paloma Turning Co Private Limited₹173.8 Cr (FY 2024)11.0%Gujarat, India
Val-Met Engineering Private Limited₹173.17 Cr (FY 2025)23.0%Gummidipoondi, Tamil Nadu, India
Recmet Alloys Private Limited₹172.16 Cr (FY 2025)209.0%Kolkata, West Bengal, India

To see the full peer comparison of Echjay Forgings Private Limited, buy the company report.

Auditor

Echjay Forgings Private Limited is audited by P V DALAL & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P V DALAL & COFY 2023102049W

Shareholding

The shareholding of Echjay 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Echjay Forgings Private Limited, buy the company report.

Charges & borrowings

Open charges
₹56.5 Cr
Satisfied charges
₹106.11 Cr
Breakdown by lending institutions
Others₹30.00 Cr
The Saraswat Co-Operative Bank Ltd.₹14.50 Cr
The Saraswat Co-Op. Bank Limited₹9.00 Cr
The Saraswat Co-Operative Bank Limited.₹2.00 Cr
The Saraswat Co-Operative Bank Limited₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Sep 201410521246The Saraswat Co-Operative Bank Ltd.₹2.5 CrOpen
08 Jan 201310403054Others₹10 CrOpen
29 Oct 201210391754The Saraswat Co-Operative Bank Ltd.₹6 CrOpen
05 Jul 201110339351The Saraswat Co-Operative Bank Limited₹1 CrOpen
21 Jan 201110264019The Saraswat Co-Operative Bank Limited.₹2 CrOpen

To see the full charge records of Echjay Forgings Private Limited, buy the company report.

Total charge records: 46 View all charges

Deals & funding

Echjay Forgings Private Limited has 2 deals on record (2 secondary share transfers); the latest was in November 2021.

Total deals
2
Secondary share transfers
2

Deals on record (2 of 2)

WhenDealAmountParties
Nov 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Sarvadaman Mansukhlal Doshi HUF, an individual
Jun 2019Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Echjay Forgings Private Limited was last rated by Icra on 02 Nov 2021.

Rating agencyRated onRating
Icra02 Nov 2021

To see the full credit ratings and regulatory alerts of Echjay Forgings Private Limited, buy the company report.

MSME payment delays

Echjay Forgings Private Limited has 3 MSME Form 1 returns on record between 2017 and 2019, listing 17 overdue payments to 11 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 11)

SupplierAmount dueDue sinceReported on
TPW Logistics India Private Limited
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Echjay Forgings Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Echjay Forgings Private Limited has a workforce of 179 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
179
Active EPFO establishments
1

GST

Echjay Forgings has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACE1902A1ZHMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Echjay Forgings Private Limited, buy the company report.

Recent activity

Echjay Forgings Private Limited has 15 board changes on record since 1993: 10 appointments and 5 cessations. The latest: Sarvadaman Mansukhlal Doshi was appointed as Managing Director on 10 Aug 2016.

Charges
A charge with Others of Rs. 10.00 Cr registered on 08 Jan 2013 with Charge ID 10403054 was modified on 25 Mar 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 11 Oct 2007 with Charge ID 10110581 was modified on 25 Mar 2025.
AGM
Echjay Forgings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Echjay Forgings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 17 Dec 2014 via Charge ID 10540604 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 12 Jul 2014 via Charge ID 10510682 with The Saraswat Co-Op. Bank Limited was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 25 Sep 2008 via Charge ID 10125677 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 29 May 2008 via Charge ID 10143271 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 28 May 2008 via Charge ID 10110582 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 11 Oct 2007 via Charge ID 10074585 with The Saraswat Co.Op. Bank Limited was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 03 Oct 2007 via Charge ID 10429364 with The Saraswat Co-Operative Bank Limited was fully satisfied on 15 Sep 2023.
Charges
A charge registered on 27 Dec 2006 via Charge ID 10033258 with The Saraswat Co-Op Bank Ltd was fully satisfied on 15 Sep 2023.

106 earlier events are in the company report.

Frequently asked questions

Echjay Forgings is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 08 September 1983 (43+ years old) and is registered under CIN U28910MH1983PTC030795.

Echjay Forgings has 5 current directors:

The latest financial statements of Echjay Forgings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Echjay Forgings is 27AAACE1902A1ZH, registered in Maharashtra.

The CIN (Corporate Identification Number) of Echjay Forgings is U28910MH1983PTC030795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Echjay Forgings has 43 court cases on record: 17 filed by the company and 26 filed against it. 2 are pending. Most are in the high courts.

Echjay Forgings was incorporated on 08 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.

Echjay Forgings has 2 deals on record (2 secondary share transfers); the latest was in November 2021.

The peers of Echjay Forgings by revenue are Paloma Turning Co Private Limited, Val-Met Engineering Private Limited, Recmet Alloys Private Limited, all in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), with the same principal business activity (metal and metal products).

Sarvadaman Mansukhlal Doshi was appointed as Managing Director on 10 Aug 2016. Pankaj Mansukhlal Doshi was appointed as Managing Director on 10 Jun 2016. Deepak Mansukhlal Doshi ceased to be Director on 10 Feb 2015. Echjay Forgings has 15 board changes on record in total.

Yes, Echjay Forgings is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0000974).

Echjay Forgings has 3 MSME Form 1 returns on record between 2017 and 2019, listing 17 overdue payments to 11 micro and small suppliers. The latest return was filed on 09 Jun 2019.