About Forex Fastners Private Limited
Data last updated:
Forex Fastners Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 03 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U28991PB1999PTC022524. Its GSTIN is 03AAACF5215D1ZE (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.54 Cr. It is led by directors Darshan Singh and Anita Kumari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No – 16 Super Cycle Market Gill Road, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.22 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹6.43 Lakh (net margin 0.4%) and EBITDA of ₹46.58 Lakh (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 15% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.89 Cr and satisfied charges of ₹4.9 Cr on record. Court records list 67 cases involving the company, including 12 filed by the company and 54 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forexfastener.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No – 16 Super Cycle Market Gill Road, Ludhiana, Punjab, India – 141003
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Forex Fastners Private Limited
The main business activity of Forex Fastners is manufacturing. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Forex Fastners Private Limited FY 2025 filings available
Forex Fastners Private Limited reported revenue of ₹16.22 Cr (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Forex Fastners Private Limited
Revenue rose 38% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 25% 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 of Forex Fastners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹46.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.43 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 of Forex Fastners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Forex Fastners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Forex Fastners Private Limited
Forex Fastners Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M S Industrial Components Private Limited | ₹16.29 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Nashik, Maharashtra, India |
| Prime Cage Private Limited | ₹16.27 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Lodhika, Gujarat, India |
| Excel Abrasives Private Limited | ₹16.25 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Primex Presscomp Private Limited | ₹16.25 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Drill Jig Bushing Co (Madras) Private Limited | ₹16.25 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | Ambattur, Madras-98, Tamil Nadu, India |
| Forex Fastners Private Limited this company | ₹16.22 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Ludhiana, Punjab, India |
| Finepunch Fab Private Limited | ₹16.2 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Atq Metro Private Limited | ₹16.18 Cr (FY 2024) | •••• | •••• | 67.0% | •••• | Pune, Maharashtra, India |
| RKB International Private Limited | ₹16.16 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Rourkela, Odisha, India |
| Supermax Fasteners Private Limited | ₹16.1 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Jamnagar, Gujarat, India |
| PMT Innotech Private Limited | ₹16.09 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Forex Fastners by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Forex Fastners Private Limited
Forex Fastners Private Limited is audited by V.B. AGGARWAL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.B. AGGARWAL & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Forex Fastners Private Limited
Forex Fastners has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Singh | Director | 03 May 1999 | 27 Years 5 Months | Current |
| Anita Kumari | Director | 24 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Forex Fastners Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Forex Fastners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2011 | Others | ₹15.85 Cr | Open |
| 05 Jul 2011 | Srei Equipment Finance Private Limited | ₹4.28 Lakh | Open |
| 29 Mar 2006 | Punjab National Bank | ₹4.7 Cr | Satisfied |
| 22 Mar 2003 | Bank of Punjab Ltd. | ₹20 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Forex Fastners Private Limited
Forex Fastners Private Limited has 67 court cases on record: 12 filed by Forex Fastners, 54 filed against it, 1 where it is another party. 3 cases are pending and 64 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 54 | 1 |
| High courts | 5 | 0 | 2 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by Om Logistics Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by Om Logistics Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Capital First Limited | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by Om Logistics Limited | Disposed |
Full case history
All 67 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Forex Fastners Private Limited
Forex Fastners Private Limited has a workforce of 17 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Forex Fastners Private Limited
Forex Fastners Private Limited has 8 board changes on record since 1999: 5 appointments and 3 cessations. The latest: Jagdish Singh Panesar ceased to be Director on 27 Oct 2020.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Forex Fastners Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Forex Fastners Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Forex Fastners Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Forex Fastners Private Limited
Forex Fastners has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF5215D1ZE | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Forex Fastners Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Forex Fastners Private Limited
Forex Fastners is an active private limited company based in Ludhiana, Punjab, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 03 May 1999 (27+ years old) and is registered under CIN U28991PB1999PTC022524.
Forex Fastners reported revenue of ₹16.22 Cr for FY 2024 (up 38% YoY).
Forex Fastners has 2 current directors:
- Darshan Singh - Director
- Anita Kumari - Director
Forex Fastners reported a net profit of ₹6.43 Lakh (net margin 0.4%) and EBITDA of ₹46.58 Lakh (EBITDA margin 2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Forex Fastners is 43% over three years and -15% over five years. In the latest year (FY 2024) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Forex Fastners is 03AAACF5215D1ZE, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Forex Fastners is U28991PB1999PTC022524. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forex Fastners has 67 court cases on record: 12 filed by the company and 54 filed against it. 3 are pending. Most are in the district courts.
Forex Fastners was incorporated on 03 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Forex Fastners by revenue are M S Industrial Components Private Limited, Prime Cage Private Limited, Excel Abrasives Private Limited, Primex Presscomp Private Limited, Drill Jig Bushing Co (Madras) Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Jagdish Singh Panesar ceased to be Director on 27 Oct 2020. Anita Kumari was appointed as Director on 24 Oct 2020. Sarabjit Kaur ceased to be Additional Director on 02 Jan 2018. Forex Fastners has 8 board changes on record in total.