About Formative Engineering Private Limited
Data last updated:
Formative Engineering 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 10 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51109PB1996PTC018155. Its GSTIN is 03AAACF2310B1ZS (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹47.45 Lakh. It is led by directors Harivrat Parashar (Whole-Time Director) and Dinesh Batra (Whole-Time 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 Industrial Area – C Sua Road Dhandari Kalan, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.24 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹60.53 Lakh (net margin 1.5%) and EBITDA of ₹2.2 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 8% over five years.
The company has about 95 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.61 Cr and satisfied charges of ₹2.34 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 2 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 monarchforge.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressIndustrial Area – C Sua Road Dhandari Kalan, Ludhiana, Punjab, India – 141010
- 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 Formative Engineering Private Limited
The main business activity of Formative Engineering 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 Formative Engineering Private Limited FY 2024 filings available
Formative Engineering Private Limited reported revenue of ₹40.24 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Formative Engineering Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 4% growth in the latest year. EBITDA rose 4% 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 Formative Engineering 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 | ₹2.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.53 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 Formative Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 Formative Engineering 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 Formative Engineering Private Limited
Formative Engineering 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 |
|---|---|---|---|---|---|---|
| Sania Engineers Private Limited | ₹40.45 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Newco Auto Private Limited | ₹40.44 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Jamshedpur, Jharkhand, India |
| Jandia Engineering Private Limited | ₹40.42 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Coimbatore, Tamil Nadu, India |
| Av Fastenrs Private Limited | ₹40.41 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Delhi, India |
| Robot Components Private Limited | ₹40.35 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Formative Engineering Private Limited this company | ₹40.24 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Ludhiana, Punjab, India |
| Special Spring (India) Pvt Ltd | ₹40.13 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Poona Engitech Private Limited | ₹40.1 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Pune City, Maharashtra, India |
| Gallay India Private Limited | ₹39.91 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mewat, Haryana, India |
| Aditya Auto Industries Overseas Limited | ₹39.8 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Sunikh Components Private Limited | ₹39.73 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Formative Engineering 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 Formative Engineering Private Limited
Formative Engineering Private Limited is audited by Kumar Sunil & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kumar Sunil & Associates | 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 Formative Engineering Private Limited
Formative Engineering has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harivrat Parashar | Whole-Time Director | 10 May 1996 | 30 Years 4 Months | Current |
| Dinesh Batra | Whole-Time Director | 10 Mar 1997 | 29 Years 6 Months | Current |
Ownership and Shareholding of Formative Engineering 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 Formative Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2024 | Hdfc Bank Limited | ₹10 Lakh | Open |
| 06 Dec 2021 | Bank of India | ₹18 Lakh | Open |
| 26 Nov 2021 | Bank of India | ₹37.45 Lakh | Open |
| 16 Jul 2021 | Bank of India | ₹50 Lakh | Open |
| 13 Aug 2020 | Bank of India | ₹32 Lakh | Open |
Total charge records: 27 View all charges
Legal Cases of Formative Engineering Private Limited
Formative Engineering Private Limited has 5 court cases on record: 5 filed by Formative Engineering. 2 cases are pending and 3 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against an individual | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against an individual | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against G.K Industries | Disposed |
| District court, North, Delhi | Court case (CS (COMM.)) | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Formative Engineering Private Limited
Formative Engineering Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 223 overdue payments to 59 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 59)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Formative Engineering Private Limited
Formative Engineering Private Limited has a workforce of 95 employees as of Apr 08, 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 Formative Engineering Private Limited
Formative Engineering Private Limited has 2 board changes on record since 1996: 2 appointments. The latest: Dinesh Batra was appointed as Whole-Time Director on 10 Mar 1997.
47 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Formative Engineering 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.
Subsidiaries & Group Companies of Formative Engineering 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 Formative Engineering Private Limited
Formative Engineering has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF2310B1ZS | Punjab | Active | 01 Jul 2017 |
| 03AAACF2310B1D1 | Punjab | Active | 02 Dec 2024 |
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 Formative Engineering 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 Formative Engineering Private Limited
Formative Engineering 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 10 May 1996 (30+ years old) and is registered under CIN U51109PB1996PTC018155.
Formative Engineering reported revenue of ₹40.24 Cr for FY 2024 (up 4% YoY).
Formative Engineering has 2 current directors:
- Harivrat Parashar - Whole-Time Director
- Dinesh Batra - Whole-Time Director
Formative Engineering reported a net profit of ₹60.53 Lakh (net margin 1.5%) and EBITDA of ₹2.2 Cr (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Formative Engineering is 10% over three years and 8% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Formative Engineering is 03AAACF2310B1ZS, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAACF2310B1D1 (Punjab).
The CIN (Corporate Identification Number) of Formative Engineering is U51109PB1996PTC018155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formative Engineering has 5 court cases on record: 5 filed by the company. 2 are pending.
Formative Engineering was incorporated on 10 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Formative Engineering by revenue are Sania Engineers Private Limited, Newco Auto Private Limited, Jandia Engineering Private Limited, Av Fastenrs Private Limited, Robot Components Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Dinesh Batra was appointed as Whole-Time Director on 10 Mar 1997. Harivrat Parashar was appointed as Whole-Time Director on 10 May 1996.
Formative Engineering has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 223 overdue payments to 59 micro and small suppliers. The latest return was filed on 04 Jul 2019.