First Forge Limited

First Forge Limited - metals and minerals in Nagpur, Maharashtra, India. FY 2026 financials and compliance.
CIN U28910MH2004PLC207333 Incorporated 04 August 2004 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Public Limited Company metals and minerals
Data last updated
Revenue · FY 2017
₹1.48 Cr
▼ 30.00% YoY
EBITDA · FY 2017
*****
▼ 67.00% YoY
Net profit · FY 2017
*****
▼ 66.00% YoY
Authorised capital
₹204 Cr
Registered with MCA
Paid-up capital
₹203.33 Cr
Issued & subscribed
Open charges
₹20.75 Lakh
Satisfied ₹281.94 Cr
Company age
22 yrs
Est. 2004
Last financials
Mar 2023
Balance sheet date

About First Forge Limited

Data last updated: 13 March 2026

First Forge Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Nagpur Automotive Industries Private Limited. It specialises in metals retail and distribution, a part of the broader metals and mining sector. Incorporated on 04 August 2004, the company has been in operation for over 22 years.

Registered with ROC Nagpur under CIN U28910PN2004PLC019589.

Capital: an authorised share capital of ₹204 Cr and a paid-up capital of ₹203.33 Cr. Formerly known as Neepaz Vforge (India) Limited and Vcube Forge (India) Limited. It is led by directors including Ajab Singh Bhati and Gaurav Pabby.

Last AGM: 30 September 2023. Financial statements filed for year ended 31 March 2023. Office: Flat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015.

As per the financials filed for FY 2017, the company reported a revenue of ₹1.48 Cr, a decline of 30% compared to the previous year.

It operates as a subsidiary of Nagpur Automotive Industries Private Limited.

As per MCA filings, the company has open charges of ₹20.75 Lakh and satisfied charges of ₹281.94 Cr on record.

The current compliance status is marked as active non-compliant by the Registrar of Companies.

Company Details of First Forge Limited
CIN U28910MH2004PLC207333
Registration Number 207333
Incorporation Date 04 August 2004
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Parent Company Nagpur Automotive Industries Private Limited
Compliance Status Active Non-Compliant
Key People
Ajab Singh Bhati Managing Director Sribhagwan Kushwaha Managing Director Gaurav Pabby Additional Director
Contact Details
  • Email
    **************
  • Telephone
    **************
  • Website
    **************
  • Social Media
    **************
  • Registered Address
    Flat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015
  • Industry
    Metals and Minerals, Metal Retail & Distribution
Company report
First Forge Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for First Forge Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of First Forge Limited

First Forge Limited has undergone 2 name changes throughout its history. The company was previously known as Neepaz Vforge (India) Limited, and Vcube Forge (India) Limited. The current legal name is First Forge Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
First Forge Limited Current
Neepaz Vforge (India) Limited Previous
Vcube Forge (India) Limited Previous

CIN History of First Forge Limited

First Forge Limited has one previous CIN (Corporate Identification Number): U28910PN2004PLC019589. The current CIN is U28910MH2004PLC207333, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U28910MH2004PLC207333 Current
U28910PN2004PLC019589 Previous

Business Activity of First Forge Limited

First Forge Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********

Board of Directors of First Forge Limited

First Forge Limited is currently managed by 4 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Ajab Singh Bhati
Also directs: Amtek Metal & Mining Limited, Acl Industries Limited, Anurodh Suppliers & Traders Private Limited and 5 more
Managing Director 14 Oct 2019 6 Years 8 Months Current
Gaurav Pabby
Also directs: Amtek Transportation Systems Limited, Amtek Powertrain Limited, Mgm Realtors Private Limited and 1 more
Additional Director 01 Jun 2018 8 Years 1 Months Current
Pawan Kumar Sharma
Also directs: Alliance Integrated Metaliks Limited
Additional Director 01 Jun 2018 8 Years 1 Months Current
Sribhagwan Kushwaha
Also directs: Tropical Steel Private Limited, Naive Constructions Private Limited, Swapanmahal Builders Private Limited
Managing Director 14 Oct 2019 6 Years 8 Months Current
View all directors

Financials of First Forge Limited FY 2023 filings available

First Forge Limited reported revenue of ₹1.48 Cr (down 30% YoY) for FY 2017. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹1.48 Cr ▼ -30%
Profit
***** ▼ -66%
EBITDA
***** ▼ -67%
Metrics
*****
*****
*****
*****
*****
Revenue
Revenue from Operations
*****
*****
*****
*****
*****
Revenue Growth %
*****
*****
*****
*****
*****
Other Income
*****
*****
*****
*****
*****
Total Revenue
*****
*****
*****
*****
*****
Expenses
Total Expenses
*****
*****
*****
*****
*****
Raw Material Cost
*****
*****
*****
*****
*****
Change in Inventory FG
*****
*****
*****
*****
*****
Change in Inventory WIP
*****
*****
*****
*****
*****
Purchase of Traded Goods
*****
*****
*****
*****
*****
Employee Cost
*****
*****
*****
*****
*****
Managerial Remuneration
*****
*****
*****
*****
*****
Audit Fees
*****
*****
*****
*****
*****
Insurance
*****
*****
*****
*****
*****
Power & Fuel
*****
*****
*****
*****
*****
Interest
*****
*****
*****
*****
*****
Depreciation
*****
*****
*****
*****
*****
Other Expenses
*****
*****
*****
*****
*****
Profitability
EBITDA (Operating Profit)
*****
*****
*****
*****
*****
Operating Margin %
*****
*****
*****
*****
*****
Exceptional Items
*****
*****
*****
*****
*****
Extraordinary Items
*****
*****
*****
*****
*****
Profit Before Exceptional & Extraordinary Items
*****
*****
*****
*****
*****
Profit Before Tax
*****
*****
*****
*****
*****
Tax & Net Profit
Tax Expense
*****
*****
*****
*****
*****
Current Tax
*****
*****
*****
*****
*****
Deferred Tax
*****
*****
*****
*****
*****
Profit from Discontinued Operations
*****
*****
*****
*****
*****
Tax on Discontinued Operations
*****
*****
*****
*****
*****
Profit
*****
*****
*****
*****
*****
Net Margin %
*****
*****
*****
*****
*****
Metrics
*****
*****
*****
*****
*****
Shareholders' Funds
Total Shareholders' Funds
*****
*****
*****
*****
*****
Equity Capital
*****
*****
*****
*****
*****
Reserves & Surplus
*****
*****
*****
*****
*****
Money Against Warrants
*****
*****
*****
*****
*****
Other Equity
*****
*****
*****
*****
*****
Non-Current Liabilities
Total Non-Current Liabilities
*****
*****
*****
*****
*****
Long-Term Borrowings
*****
*****
*****
*****
*****
Deferred Tax Liabilities
*****
*****
*****
*****
*****
Other Non-Current Liabilities
*****
*****
*****
*****
*****
Long-Term Provisions
*****
*****
*****
*****
*****
Current Liabilities
Total Current Liabilities
*****
*****
*****
*****
*****
Short-Term Borrowings
*****
*****
*****
*****
*****
Trade Payables
*****
*****
*****
*****
*****
Other Current Liabilities
*****
*****
*****
*****
*****
Short-Term Provisions
*****
*****
*****
*****
*****
Total Equity & Liabilities
*****
*****
*****
*****
*****
Non-Current Assets
Non-Current Assets
*****
*****
*****
*****
*****
Tangible Assets
*****
*****
*****
*****
*****
Intangible Assets
*****
*****
*****
*****
*****
Capital WIP
*****
*****
*****
*****
*****
Intangibles Under Dev
*****
*****
*****
*****
*****
Investments
*****
*****
*****
*****
*****
Deferred Tax Assets
*****
*****
*****
*****
*****
LT Loans & Advances
*****
*****
*****
*****
*****
Other Non-Current Assets
*****
*****
*****
*****
*****
Current Assets
Current Assets
*****
*****
*****
*****
*****
Current Investments
*****
*****
*****
*****
*****
Inventories
*****
*****
*****
*****
*****
Trade Receivables
*****
*****
*****
*****
*****
Cash & Bank Balance
*****
*****
*****
*****
*****
ST Loans & Advances
*****
*****
*****
*****
*****
Other Current Assets
*****
*****
*****
*****
*****
Total Assets
*****
*****
*****
*****
*****
Metrics
*****
*****
*****
*****
*****
Cash from Operating Activities (CFO)
Profit Before Tax
*****
*****
*****
*****
*****
Non-Cash Adjustments
*****
*****
*****
*****
*****
+ Interest Expense
*****
*****
*****
*****
*****
+ Depreciation
*****
*****
*****
*****
*****
+/- Unrealized Forex
*****
*****
*****
*****
*****
- Dividend Income
*****
*****
*****
*****
*****
- Interest Income
*****
*****
*****
*****
*****
+/- Other Non-Cash Items
*****
*****
*****
*****
*****
Changes in Working Capital
*****
*****
*****
*****
*****
+/- Inventory
*****
*****
*****
*****
*****
+/- Debtors
*****
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*****
*****
*****
+/- Creditors
*****
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*****
Reconciliation Adjustments
*****
*****
*****
*****
*****
Cash Generated from Operations
*****
*****
*****
*****
*****
Income Taxes Paid
*****
*****
*****
*****
*****
Net CFO (Cash from Operations)
*****
*****
*****
*****
*****
Cash from Investing Activities (CFI)
Acquisitions & Disposals
*****
*****
*****
*****
*****
Disposal of Subsidiaries
*****
*****
*****
*****
*****
Acquisition of Subsidiaries
*****
*****
*****
*****
*****
Capex
*****
*****
*****
*****
*****
Purchase of Fixed Assets
*****
*****
*****
*****
*****
Sale of Fixed Assets
*****
*****
*****
*****
*****
Other Investing Cash Flows
*****
*****
*****
*****
*****
Net CFI (Cash from Investing)
*****
*****
*****
*****
*****
Cash from Financing Activities (CFF)
Equity Issuance
*****
*****
*****
*****
*****
Debt Raised
*****
*****
*****
*****
*****
Debt Repaid
*****
*****
*****
*****
*****
Dividends Paid
*****
*****
*****
*****
*****
Interest Paid
*****
*****
*****
*****
*****
Net CFF (Cash from Financing)
*****
*****
*****
*****
*****
Net Cash Position
Net Change in Cash (Pre-Forex)
*****
*****
*****
*****
*****
Closing Cash & Equivalents
*****
*****
*****
*****
*****
Metrics
*****
*****
*****
*****
*****
Liquidity
Current Ratio
*****
*****
*****
*****
*****
Quick Ratio
*****
*****
*****
*****
*****
Cash Ratio
*****
*****
*****
*****
*****
Efficiency
Inventory Days
*****
*****
*****
*****
*****
Debtor Days
*****
*****
*****
*****
*****
Creditor Days
*****
*****
*****
*****
*****
Cash Conversion Cycle
*****
*****
*****
*****
*****
Asset Turnover
*****
*****
*****
*****
*****
Profitability
Net Profit Margin %
*****
*****
*****
*****
*****
Operating Margin %
*****
*****
*****
*****
*****
ROE %
*****
*****
*****
*****
*****
ROCE %
*****
*****
*****
*****
*****
Net Worth Margin %
*****
*****
*****
*****
*****
Growth
Revenue Growth %
*****
*****
*****
*****
*****
Leverage
Equity Multiplier
*****
*****
*****
*****
*****
Debt / EBITDA
*****
*****
*****
*****
*****
Solvency
D/E Ratio
*****
*****
*****
*****
*****
ICR
*****
*****
*****
*****
*****

Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Charges & Borrowings of First Forge Limited

Open charges
₹20.75 Lakh
Satisfied charges
₹281.94 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.21 Cr
Latest charge details
DateLenderAmountStatus
13 Aug 2010 Hdfc Bank Limited ₹20.75 Lakh Open
30 Mar 2011 Canara Bank ₹5 Lakh Satisfied
14 Mar 2011 Canara Bank ₹10.4 Lakh Satisfied
01 Dec 2010 Canara Bank ₹18.15 Cr Satisfied
20 Nov 2006 Canara Bank (Lead Bank) ₹201.71 Cr Satisfied

Total charge records: 9 View all charges

Employees and EPFO Compliance at First Forge Limited

View historical data on people associated with First Forge Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of First Forge Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of First Forge Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of First Forge Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for First Forge Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of First Forge Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by First Forge Limited

MSME Payment Delays by First Forge Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of First Forge Limited

Subsidiaries & Group Companies of First Forge Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of First Forge Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of First Forge Limited

MCA Filings & Documents of First Forge Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on First Forge Limited

Activity
30 Sep 2023
First Forge Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Activity
31 Mar 2023
First Forge Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Nagpur.
Directors
14 Oct 2019
Ajab Singh Bhati was appointed as a Managing Director on 14 Oct 2019 & has been associated with this company since 6 years 8 months.
Directors
14 Oct 2019
Sribhagwan Kushwaha was appointed as a Managing Director on 14 Oct 2019 & has been associated with this company since 6 years 8 months.
Directors
01 Jun 2018
Gaurav Pabby was appointed as a Additional Director on 01 Jun 2018 & has been associated with this company since 8 years 1 month.
Directors
01 Jun 2018
Pawan Kumar Sharma was appointed as a Additional Director on 01 Jun 2018 & has been associated with this company since 8 years 1 month.

Frequently Asked Questions about First Forge Limited

First Forge Limited is an active public limited company in the metals and minerals sector based in Nagpur, Maharashtra, India. It was incorporated on 04 August 2004 (22+ years old) and is registered under CIN U28910MH2004PLC207333.

First Forge Limited reported revenue of ₹1.48 Cr for FY 2017 (down 30.00% YoY).

The current directors of First Forge Limited are:

The primary industry of First Forge Limited is metals and minerals. The company specifically operates in metal retail and distribution. The company is currently active in this sector.

First Forge Limited can be reached at the registered office: Flat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015.

The authorised capital is ₹204 Cr, and the paid-up capital is ₹203.33 Cr.

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