About Elegant Forge & Equipments Private Limited
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Elegant Forge & Equipments Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 08 September 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28910MH2015PTC268212. Its GSTIN is 27AAFCK9236Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹41 Cr and a paid-up capital of ₹41 Cr. It was formerly known as Keystone Forge Private Limited. It is led by directors including Meena Ravindra Mogra and Dineshkumar Aggarwal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 701/A Meenaxi Apartments Gokuldham Goregoan(E), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2023, the company reported a revenue of ₹33.9 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹11.17 Lakh (net margin -33%) and EBITDA of -₹11.17 Lakh (EBITDA margin -33%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
As per MCA filings, the company has open charges of ₹120 Cr on record. Court records list 21 cases involving the company, including 10 filed by the company and 11 filed against it; 13 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹40.99 Cr; the latest was in May 2018. Its 5 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Unity Jigs and Fixtures Pvt Ltd with revenue of ₹34.18 Lakh.
The last known website on record is elegantforge.com.
Company details
Contact details
Elegant Forge & Equipments Private Limited's registered office is in Mumbai, Maharashtra. Its website is elegantforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address701/A Meenaxi Apartments Gokuldham Goregoan(E), Mumbai, Maharashtra, India – 400063
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Elegant Forge & Equipments 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
Financials of Elegant Forge & Equipments Private Limited
FY 2023 filings availableElegant Forge & Equipments Private Limited reported revenue of ₹33.9 Lakh (down 48% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 48% fall in the latest year. EBITDA fell 131% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹33.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.17 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -33% | ||||
| Net Profit Margin | -33% | ||||
| 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 Elegant Forge & Equipments Private Limited, buy the company report.
Board of directors and KMP of Elegant Forge & Equipments Private Limited
Elegant Forge & Equipments Private Limited currently reports 3 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandni Lohar Also directs: Fonzone Exports Limited | Company Secretary | 23 Jan 2023 | 3 Years 9 Months | As last reported |
| Meena Ravindra Mogra Also directs: Unique Cutlery Private Limited, Mogra Valves & Controls Private Limited, Arana Diamonds Private Limited and 1 more | Director | 08 Sep 2015 | 11 Years 1 Months | As last reported |
| Dineshkumar Aggarwal Also directs: Kdra Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 22 Jul 2025 | 1 Years 3 Months | As last reported |
| Ravindra Kumar Mogra Also directs: Unique Cutlery Private Limited, Mogra Valves & Controls Private Limited, Arana Diamonds Private Limited and 1 more | Director | 08 Sep 2015 | 11 Years 1 Months | As last reported |
Peer comparison
Elegant Forge & Equipments Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (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 |
|---|---|---|---|---|---|---|
| Unity Jigs and Fixtures Pvt Ltd | ₹34.18 Lakh (FY 2025) | -49.0% | Pune, Maharashtra, India | |||
| Premisha Udyog Private Limited | ₹34.04 Lakh (FY 2025) | 4.0% | Gurugram, Haryana, India | |||
| Alfredkim Systems and Solutions Private Limited | ₹33.9 Lakh (FY 2025) | -29.0% | New Delhi, Delhi, India | |||
| Elegant Forge & Equipments Private Limitedthis company | ₹33.9 Lakh (FY 2023) | -₹11.17 Lakh | -33% | -48.0% | Mumbai, Maharashtra, India | |
| MSP Toolings Private Limited | ₹33.85 Lakh (FY 2024) | -26.0% | Kamakshipalya, Karnataka, India | |||
| Tank Auto Tooling Private Limited | ₹33.61 Lakh (FY 2018) | -34.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Elegant Forge & Equipments Private Limited, buy the company report.
Auditor
Elegant Forge & Equipments Private Limited is audited by R. K. CHAUDHARY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. CHAUDHARY & ASSOCIATES | FY 2023 | 133512W |
Shareholding
The shareholding of Elegant Forge & Equipments Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elegant Forge & Equipments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2021 | 100413964 | Others | ₹5 Cr | Open | |
| 02 Mar 2019 | 100248782 | Canara Bank | ₹115 Cr | Open |
To see the full charge records of Elegant Forge & Equipments Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Elegant Forge & Equipments Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹40.99 Cr; the latest was in May 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Funding round | ₹31.67 Cr | Investors: 2 individuals |
| Oct 2016 | Funding round | ₹9.33 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elegant Forge & Equipments Private Limited has 21 court cases on record: 10 filed by Elegant Forge & Equipments, 11 filed against it. 13 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 7 | 8 |
| NCLAT | 4 | 4 | 4 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by BFN Forgings Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against State and M/S. TGK Special Steel Pvt. Ltd. --- Respondents | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against State and M/S. TGK Special Steel Pvt. Ltd. --- Respondents | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against State and M/S. TGK Special Steel Pvt. Ltd. --- Respondents and 1 other | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Shree Ganesh Forgings Ltd. and 1 other | Disposed |
To see the full case history of Elegant Forge & Equipments 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
Elegant Forge & Equipments Private Limited was last rated by Icra on 07 Dec 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Dec 2018 |
To see the full credit ratings and regulatory alerts of Elegant Forge & Equipments Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elegant Forge & Equipments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elegant Forge & Equipments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCK9236Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elegant Forge & Equipments Private Limited, buy the company report.
Recent activity
Elegant Forge & Equipments Private Limited has 9 board changes on record since 2015: 4 appointments and 5 cessations. The latest: Dineshkumar Aggarwal was appointed as Irp/Rp/Liquidator on 22 Jul 2025.
3 earlier events are in the company report.
Frequently asked questions
Elegant Forge & Equipments is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Elegant Forge & Equipments is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 08 September 2015 and is registered under CIN U28910MH2015PTC268212. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Elegant Forge & Equipments has 4 current directors and KMP:
- Meena Ravindra Mogra - Director
- Ravindra Kumar Mogra - Director
- Chandni Lohar - Company Secretary
- Dineshkumar Aggarwal - Irp/Rp/Liquidator
The latest financial statements of Elegant Forge & Equipments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 December 2023. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Elegant Forge & Equipments is U28910MH2015PTC268212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elegant Forge & Equipments has open charges of ₹120 Cr and no satisfied charges on record as per latest MCA filings.
Elegant Forge & Equipments has 21 court cases on record: 10 filed by the company and 11 filed against it. 13 are pending. Most are in the district courts.
Elegant Forge & Equipments was incorporated on 08 September 2015. It is registered with the Registrar of Companies, Mumbai.
Elegant Forge & Equipments has 2 deals on record (2 funding rounds), with disclosed funding of ₹40.99 Cr; the latest was in May 2018.
The peers of Elegant Forge & Equipments by revenue are Unity Jigs and Fixtures Pvt Ltd, Premisha Udyog Private Limited, Alfredkim Systems and Solutions Private Limited, MSP Toolings Private Limited, Tank Auto Tooling Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Dineshkumar Aggarwal was appointed as Irp/Rp/Liquidator on 22 Jul 2025. Manilal Harji Limbani ceased to be Director on 10 Feb 2023. Chandni Lohar was appointed as Company Secretary on 23 Jan 2023. Elegant Forge & Equipments has 9 board changes on record in total.
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