Forset Forge LLP
About Forset Forge LLP
Data last updated:
Forset Forge LLP is a limited liability partnership (LLP) based in Rajkot, Gujarat, India, recognised as a startup by DPIIT. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 01 August 2019 and has been in existence for over 7 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAQ-1344. Its GSTIN is 24AAGFF6613G1ZO (Gujarat).
The LLP has a total obligation of contribution of ₹2 Cr. It is led by designated partners Ankur Jayantibhai Raiyani and Smit Mansukhbhai Raiyani.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹7.15 Cr, a decline of 2% compared to the previous year. Revenue has grown at a compounded annual rate (CAGR) of 50% over three years.
The LLP has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹10.77 Cr on record.
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- Registered AddressSr. No.605 Plot No.2 Samrat Ind. Zone Nr.66 Kv Road Pipaliya Ss At. Ardoi Tal. Kotda, Sangani, Rajkot, Gujarat, India – 360311
- IndustryAutomotive, Auto Parts & 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
Financials of Forset Forge LLP FY 2025 filings available
Forset Forge LLP reported revenue of ₹7.15 Cr (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Forset Forge LLP
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 50%. 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 Forset Forge LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | •••• | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Forset Forge LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Forset Forge are in the company report.
Financial statements from FY 2020
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 Forset Forge LLP
Forset Forge LLP is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V.J. Metal Components Private Limited | ₹7.18 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Luman Filtration India Private Limited | ₹7.17 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Kolkata, West Bengal, India |
| Aarco Industries Private Limited | ₹7.17 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Lambra, Punjab, India |
| Singhla Autotech Private Limited | ₹7.17 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Delhi, India |
| Kigotek Automotriz Private Limited | ₹7.15 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Forset Forge LLP this company | ₹7.15 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Rajkot, Gujarat, India |
| Sumo Autotech Private Limited | ₹7.12 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Nasik, Maharashtra, India |
| Art Auto Private Limited | ₹7.11 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Peetee Coach Builders Private Limited | ₹7.11 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Karur-639 002, Tamil Nadu, India |
| Progressive Gear Industries Private Limited | ₹7.11 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| SGRS Fasteners Private Limited | ₹7.1 Cr (FY 2025) | •••• | •••• | 4807.0% | •••• | Rohtak, Haryana, India |
Peers are the five companies nearest above and the five nearest below Forset Forge by revenue in the Automobiles industry (Auto Ancillary), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Designated Partners of Forset Forge LLP
Forset Forge has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Jayantibhai Raiyani Also directs: Decora Auto Forge Private Limited | Designated Partner | 01 Aug 2019 | 7 Years 2 Months | Current |
| Smit Mansukhbhai Raiyani Also directs: Decora Auto Forge Private Limited | Designated Partner | 01 Aug 2019 | 7 Years 2 Months | Current |
Ownership and Shareholding of Forset Forge LLP
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 Forset Forge LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2025 | Hdfc Bank Limited | ₹7 Lakh | Open |
| 21 Dec 2019 | Hdfc Bank Limited | ₹10.7 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Forset Forge LLP
Forset Forge LLP has a workforce of 25 employees as of Apr 05, 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 Forset Forge LLP
Forset Forge LLP has 2 designated partner changes on record since 2019: 2 appointments. The latest: Ankur Jayantibhai Raiyani was appointed as Designated Partner on 01 Aug 2019.
Credit Ratings, Litigation & Regulatory Alerts for Forset Forge LLP
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 Forset Forge LLP
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 Forset Forge LLP
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 Forset Forge LLP
Forset Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGFF6613G1ZO | Gujarat | Active | 08 Sep 2019 |
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 Forset Forge LLP
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 Forset Forge LLP
Forset Forge is an active limited liability partnership based in Rajkot, Gujarat, India. The LLP works in auto parts and components, within the automotive industry. It was incorporated on 01 August 2019 (7+ years old) and is registered under LLPIN AAQ-1344.
Forset Forge reported revenue of ₹7.15 Cr for FY 2024 (down 2% YoY).
Forset Forge has 2 current designated partners:
- Ankur Jayantibhai Raiyani - Designated Partner
- Smit Mansukhbhai Raiyani - Designated Partner
The compounded annual growth rate (CAGR) of the revenue of Forset Forge is 50% over three years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Forset Forge is 24AAGFF6613G1ZO, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Forset Forge is AAQ-1344. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Forset Forge was incorporated on 01 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Forset Forge by revenue are V.J. Metal Components Private Limited, Luman Filtration India Private Limited, Aarco Industries Private Limited, Singhla Autotech Private Limited, Kigotek Automotriz Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary).
Ankur Jayantibhai Raiyani was appointed as Designated Partner on 01 Aug 2019. Smit Mansukhbhai Raiyani was appointed as Designated Partner on 01 Aug 2019.
Yes, Forset Forge is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Forset Forge is at Sr. No.605 Plot No.2 Samrat Ind. Zone Nr.66 Kv Road Pipaliya Ss At. Ardoi Tal. Kotda, Sangani, Rajkot, Gujarat, India – 360311.