About Gem Forgings Pvt Ltd
Data last updated:
Gem Forgings Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 05 January 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U29252WB1985PTC038384. Its GSTIN is 19AABCG0227B1Z9 (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.29 Lakh. It is led by directors Shashi Garg and Ajay Kumar Garg.
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 10C/Middleton Row 3rd Floor, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.79 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹95.22 Lakh (net margin -34.1%) and EBITDA of -₹73.25 Lakh (EBITDA margin -26.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 36% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GEM Group of Companies. As per MCA filings, the company has satisfied charges of ₹25.17 Cr on record. Court records list 5 cases involving the company, including 5 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 gemforgings.in.
Company details
Contact details
Gem Forgings Pvt Ltd's registered office is in Kolkata, West Bengal. Its website is gemforgings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address10C/Middleton Row 3rd Floor, Kolkata, West Bengal, India – 700071
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Gem Forgings Pvt Ltd, buy the company report.
- 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
Brands
Gem Forgings operates one associated brand: GEM Group of Companies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Export-oriented trading, power sector projects, and equipment supply services. | gemforgings.in |
Business activity
The main business activity of Gem Forgings is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Gem Forgings Pvt Ltd, buy the company report.
Financials of Gem Forgings Pvt Ltd
FY 2025 filings availableGem Forgings Pvt Ltd reported revenue of ₹2.79 Cr (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 48% fall in the latest year. EBITDA fell 406% 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 |
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| Total Expenses | |||||
| EBITDA | -₹73.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹95.22 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.2% | ||||
| Net Profit Margin | -34.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Gem Forgings Pvt Ltd, buy the company report.
Board of directors of Gem Forgings Pvt Ltd
Gem Forgings has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashi Garg Also directs: Gee Hitech Industries LLP, Prashant Leasing & Financing Pvt Ltd, Raghvi Buildings Private Limited and 2 more | Director | 10 Mar 2001 | 25 Years 8 Months | Current |
| Ajay Kumar Garg Also directs: Gee Hitech Industries LLP, Roseberry Tradelink Pvt Ltd, Prashant Leasing & Financing Pvt Ltd and 2 more | Director | 15 Nov 1993 | 32 Years 11 Months | Current |
Peer comparison
Gem Forgings Pvt Ltd is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anon Automation Private Limited | ₹2.81 Cr (FY 2025) | 62.0% | Greater Noida, Uttar Pradesh, India | |||
| Inpack Plast Private Limited | ₹2.81 Cr (FY 2022) | -32.0% | Bangalore, Karnataka, India | |||
| Gem Forgings Pvt Ltdthis company | ₹2.79 Cr (FY 2025) | -₹95.22 Lakh | -34.1% | -48.0% | 3 | Kolkata, West Bengal, India |
| Cross Spares Private Limited | ₹2.79 Cr (FY 2025) | 49.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Gem Forgings Pvt Ltd, buy the company report.
Auditor
Gem Forgings Pvt Ltd is audited by GARV & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARV & ASSOCIATES | FY 2022 | 301094E |
Shareholding
The shareholding of Gem Forgings Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gem Forgings Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2020 | 100370874 | Others | ₹4 Cr | Satisfied | |
| 20 Aug 2019 | 100282830 | Others | ₹9 Cr | Satisfied | |
| 01 Dec 2008 | 10142446 | Deutsche Bank Ag | ₹1.72 Cr | Satisfied | |
| 06 Jul 1999 | 90255936 | Vijaya Bank | ₹10.45 Cr | Satisfied |
To see the full charge records of Gem Forgings Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Gem Forgings Pvt Ltd has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 3 |
| District courts | 2 | 2 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Pavitra Belting Pvt.Ltd. | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Pavitra Belting Pvt.Ltd. | Disposed |
| High Court | Court case (ITAT) | Filed against the company by Principal Commissioner of Income Tax 1 Kolkata | Pending |
To see the full case history of Gem Forgings Pvt Ltd, 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
Gem Forgings Pvt Ltd was last rated by Crisil on 14 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Sep 2020 |
To see the full credit ratings and regulatory alerts of Gem Forgings Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gem Forgings Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gem Forgings Pvt Ltd has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Gem Forgings Pvt Ltd, buy the company report.
GST
Gem Forgings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCG0227B1Z9 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gem Forgings Pvt Ltd, buy the company report.
Recent activity
Gem Forgings Pvt Ltd has 2 board changes on record since 1993: 2 appointments. The latest: Shashi Garg was appointed as Director on 10 Mar 2001.
2 earlier events are in the company report.
Frequently asked questions
Gem Forgings is an active private limited company based in Kolkata, West Bengal, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 05 January 1985 (41+ years old) and is registered under CIN U29252WB1985PTC038384.
Gem Forgings has 2 current directors:
- Shashi Garg - Director
- Ajay Kumar Garg - Director
The latest financial statements of Gem Forgings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gem Forgings is 19AABCG0227B1Z9, registered in West Bengal.
The CIN (Corporate Identification Number) of Gem Forgings is U29252WB1985PTC038384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gem Forgings has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the high courts.
Gem Forgings was incorporated on 05 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Gem Forgings by revenue are Anon Automation Private Limited, Inpack Plast Private Limited, Cross Spares Private Limited, all in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Shashi Garg was appointed as Director on 10 Mar 2001. Ajay Kumar Garg was appointed as Director on 15 Nov 1993.
Gem Forgings can be reached through the website gemforgings.in. Its registered office is in Kolkata, West Bengal, India.
The registered office of Gem Forgings is at 10CMiddleton Row 3rd Floor, Kolkata, West Bengal, India – 700071.
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