MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0024389
Forming India Private Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹94.79 Cr
▼ 4% YoY
Net profit · FY 2025
₹4.4 Cr
Net margin 4.6%
EBITDA · FY 2025
₹10.65 Cr
EBITDA margin 11.2%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹11.9 Cr
Issued & subscribed
Open charges
₹15.45 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
23
Provident fund records
About Forming India Private Limited
Data last updated:
Forming India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 10 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28112PN2012PTC144670. Its GSTIN is 27AACCF0571E1ZZ (Maharashtra).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.9 Cr. It is led by directors including Girish Dinesh Vyas (Managing Director) and Cornelis Mourits.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1206/41A Vyas Vertex Janglimaharaj Road Shivajinagar Pune – 4, Maharashtra, India – 411004.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.79 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.4 Cr (net margin 4.6%) and EBITDA of ₹10.65 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 23% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Forming India. As per MCA filings, the company has open charges of ₹15.45 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 6 deals on record (4 rights issues, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in June 2019. Its 5 peer companies in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Ilasakaa Steels Limited with revenue of ₹97.92 Cr. The company has 9 MSME Form 1 returns on record between 2017 and 2021, listing 265 overdue payments to 29 micro and small suppliers.
Forming India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0024389). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formingindia.in.
Company details
CIN U28112PN2012PTC144670
Registration Number 144670
Incorporation Date 10 September 2012
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0024389
Key People
Girish Dinesh Vyas Managing Director Cornelis Mourits Director Elizabeth Wilhelmina Noordzij Director Recognitions & Rankings of Forming India
Contact details
Forming India Private Limited's registered office is in Pune, Maharashtra. Its website is formingindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1206/41A Vyas Vertex Janglimaharaj Road Shivajinagar Pune – 4, Maharashtra, India – 411004
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Forming India Private Limited, buy the company report.
Comprehensive company report
Forming India 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
Forming India operates one associated brand: Forming India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of cold roll formed sections and related profiles in India. | formingindia.in |
Business activity
The main business activity of Forming India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Forming India Private Limited, buy the company report.
Financials of Forming India Private Limited
FY 2025 filings availableForming India Private Limited reported revenue of ₹94.79 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹94.79 Cr ▼ 4%
Net profit · FY 2025
₹4.4 Cr margin 4.6%
EBITDA · FY 2025
₹10.65 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 17%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 9%
5 years · compounded
▲ 14%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA rose 20% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹10.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.4 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 4.6% | ||||
| 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 Forming India Private Limited, buy the company report.
Board of directors of Forming India Private Limited
Forming India has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Cornelis Mourits | Director | 20 Nov 2012 | 13 Years 11 Months | Current |
| Elizabeth Wilhelmina Noordzij | Director | 20 Nov 2012 | 13 Years 11 Months | Current |
| Abhishek Girish Vyas | Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Girish Dinesh Vyas Also directs: Wohr Parking Systems Private Limited, Vyas Automation Private Limited, Vyas Realties Private Limited and 1 more | Managing Director | 10 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
Forming India Private Limited is compared with the 5 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), 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 |
|---|---|---|---|---|---|---|
| Ilasakaa Steels Limited | ₹97.92 Cr (FY 2019) | -18.0% | New Delhi, Delhi, India | |||
| Aura Laserfab Private Limited | ₹97.82 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| Forming India Private Limitedthis company | ₹94.79 Cr (FY 2025) | ₹4.4 Cr | 4.6% | -4.0% | 23 | Pune, Maharashtra, India |
| LGB Forge Limited | ₹94.75 Cr (FY 2025) | 5.0% | Coimbatore, Tamil Nadu, India | |||
| Palanpur Engineering and Fabrications Ltd | ₹93.62 Cr (FY 2024) | -2.0% | Mumbai, Maharashtra, India | |||
| Samraj Engineering Controls Private Limited | ₹93.59 Cr (FY 2024) | 19.0% | Sriperumpudur, Tamil Nadu, India |
To see the full peer comparison of Forming India Private Limited, buy the company report.
Auditor
Forming India Private Limited is audited by V. S. POTDAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. S. POTDAR & CO | FY 2023 | 107984W |
Shareholding
The shareholding of Forming India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Forming India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.45 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2020 | 100366995 | Others | ₹30 Lakh | Open | |
| 29 Mar 2017 | 100094506 | Others | ₹1 Cr | Open | |
| 29 Jul 2015 | 10585271 | Others | ₹14.15 Cr | Open |
To see the full charge records of Forming India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Forming India Private Limited has 6 deals on record (4 rights issues, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in June 2019.
Total deals
6
Rights issues
4
Secondary share transfer
1
Funding round
1
Disclosed funding
₹29 Lakh
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Rights issue | ₹1 Cr | Investors: Vyas Realities Private Limited, Forming AG |
| Oct 2017 | Rights issue | ₹60 Lakh | Investors: Vyas Realities Private Limited, Forming AG |
| Mar 2016 | Rights issue | ₹6.7 Cr | Investors: Forming AG, Vyas Realities Private Limited |
| Jul 2014 | Rights issue | ₹3.3 Cr | Investors: Vyas Realities Private Limited, Forming AG |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Vyas Realities Private Limited Seller: 2 individuals |
To see the full deal history of Forming India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Forming India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by Rushil Decor Pvt.Limited, | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Rushil Decor Private Limited | Disposed |
To see the full case history of Forming India 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
Forming India Private Limited was last rated by Icra on 21 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 Jan 2022 |
To see the full credit ratings and regulatory alerts of Forming India Private Limited, buy the company report.
MSME payment delays
Forming India Private Limited has 9 MSME Form 1 returns on record between 2017 and 2021, listing 265 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Afexco Ltd. | |||
| an individual supplier | |||
| Skyblue Logistics India Limited | |||
| an individual supplier | |||
| V.S.Potdar & Co |
To see the full MSME payment records of Forming India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Forming India Private Limited has a workforce of 23 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
27.78%
GST
Forming India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF0571E1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Forming India Private Limited, buy the company report.
Recent activity
Forming India Private Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Abhishek Girish Vyas ceased to be Additional Director on 05 Nov 2020.
AGM
Forming India Private Limited last Annual general meeting of members was held on 20 Sep 2025 as per latest MCA records.
Filing
Forming India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Abhishek Girish Vyas ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100366995 was registered on 29 Jun 2020.
Charges
A charge with Others of Rs. 14.15 Cr registered on 29 Jul 2015 with Charge ID 10585271 was modified on 29 Jun 2020.
Appointed
Abhishek Girish Vyas was appointed as Director.
Ceased
Asmita Girish Vyas ceased to be Director.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100094506 was registered on 29 Mar 2017.
Charges
A charge with Others amounted to Rs. 14.15 Cr with Charge ID 10585271 was registered on 29 Jul 2015.
Ceased
Cornelis Mourits ceased to be Additional Director.
Ceased
Elizabeth Wilhelmina Noordzij ceased to be Additional Director.
Appointed
Cornelis Mourits was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Forming India is an active private limited company based in Pune, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 10 September 2012 (14+ years old) and is registered under CIN U28112PN2012PTC144670.
Forming India has 4 current directors:
- Girish Dinesh Vyas - Managing Director
- Cornelis Mourits - Director
- Elizabeth Wilhelmina Noordzij - Director
- Abhishek Girish Vyas - Director
The latest financial statements of Forming India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Forming India is 27AACCF0571E1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Forming India is U28112PN2012PTC144670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forming India has 2 court cases on record: 2 filed against it.
Forming India was incorporated on 10 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
Forming India has 6 deals on record (4 rights issues, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in June 2019.
The peers of Forming India by revenue are Ilasakaa Steels Limited, Aura Laserfab Private Limited, LGB Forge Limited, Palanpur Engineering and Fabrications Ltd, Samraj Engineering Controls Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Abhishek Girish Vyas ceased to be Additional Director on 05 Nov 2020. Abhishek Girish Vyas was appointed as Director on 17 Feb 2020. Asmita Girish Vyas ceased to be Director on 24 Jan 2020. Forming India has 9 board changes on record in total.
Yes, Forming India is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0024389).
Forming India has 9 MSME Form 1 returns on record between 2017 and 2021, listing 265 overdue payments to 29 micro and small suppliers. The latest return was filed on 27 Oct 2021.
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