MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0073969
Market Cap
₹3,331 Cr
IDEAFORGE · NSE
Share Price
₹669.90
-2.07% today
Revenue
₹226 Cr
FY 2025-26 · +40.3% YoY
EBITDA
₹5.55 Cr
Margin 2.5%
Net Profit
−₹20.16 Cr
FY 2025-26 · +69.1% YoY
P/E (TTM)
113.4x
P/B 3.1x
ROE
-3.3%
ROCE -2.8%
Debt / Equity
0.08
Interest cover -12.5x
About Ideaforge Technology Limited
Data last updated:
Ideaforge Technology Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the machinery repair and installation or automotive services segment of the automobiles sector. It was incorporated on 08 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31401MH2007PLC167669. Its GSTIN is 27AABCI6495B1ZK (Maharashtra). The company holds 8 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543932 and NSE: IDEAFORGE.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹49.72 Cr. It is led by directors including Rahul Singh (Whole-Time Director) and Ankit Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at El – 146 Ttc Industrial Area Electronic Zone MIDC Mahape Navi Mumbai, Maharashtra, India – 400710.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹226.13 Cr, a growth of 40.3% compared to the previous year. For the same year it recorded a net loss of ₹20.16 Cr (net margin -8.9%) and EBITDA of ₹5.55 Cr (EBITDA margin 2.5%). The net worth stands at ₹599.05 Cr (down 1.6% YoY). Total assets are valued at ₹692.97 Cr (up 10% YoY).
The company has about 531 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ideaForge. As per MCA filings, the company has open charges of ₹284.28 Cr and satisfied charges of ₹116.44 Cr on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 4 cases are pending. The company has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 4,996 overdue payments to 198 micro and small suppliers.
Ideaforge Technology Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0073969). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ideaforgetech.com.
Company details
CIN L31401MH2007PLC167669
Registration Number 167669
Incorporation Date 08 February 2007
ROC Mumbai
Listing Status Listed - Listed on NSE (IDEAFORGE); Listed on BSE (543932)
Company Status Active
Date of Last AGM 05 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0073969
CIN history
Ideaforge Technology has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31401MH2007PLC167669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31401MH2007PLC167669 | Current |
| U31401MH2007PTC167669 | Previous |
| U31401MH2007PLC167669 | Previous |
Key People
Rahul Singh Whole-Time Director Ankit Mehta Whole-Time Director Ashish Ramesh Bhat Whole-Time Director Recognitions & Rankings of Ideaforge Technology
Contact details
Ideaforge Technology Limited's registered office is in Navi Mumbai, Maharashtra. Its website is ideaforgetech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEl – 146 Ttc Industrial Area Electronic Zone MIDC Mahape Navi Mumbai, Maharashtra, India – 400710
- IndustryAutomobile, Machinery Repair & Installation Or Automotive Services
To see the full contact details of Ideaforge Technology Limited, buy the company report.
Comprehensive company report
Ideaforge Technology 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ideaforge Technology operates one associated brand: ideaForge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of unmanned aerial vehicles | ideaforgetech.com |
Business activity
The main business activity of Ideaforge Technology is manufacturing. In detail, this covers manufacture of computer, electronic and optical products and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 26 | Manufacture of computer, electronic and optical products | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Ideaforge Technology Limited, buy the company report.
Financials of Ideaforge Technology Limited
FY 2025-26 filings availableIdeaforge Technology Limited reported revenue of ₹226.13 Cr (up 40.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹226 Cr
+40.3% YoY
EBITDA
₹5.55 Cr
+110.7% YoY
Profit After Tax
−₹20.16 Cr
+69.1% YoY
Net Worth
₹599 Cr
-1.6% YoY
Total Assets
₹693 Cr
+10.0% YoY
Total Debt
₹83.71 Cr
+408.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 226 | 161 | 314 | 186 | 159 | 34.72 | 14.00 |
| Revenue growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| EBITDA | 5.55 | (51.88) | 56.53 | 48.07 | 74.56 | (10.60) | (12.37) |
| EBITDA margin | +2.5% | -32.2% | +18.0% | +25.8% | +46.8% | -30.5% | -88.4% |
| Profit before tax | (19.93) | (62.39) | 61.07 | 40.80 | 50.19 | (14.49) | (13.43) |
| Net profit | (20.16) | (65.18) | 43.55 | 30.54 | 44.00 | (14.61) | (13.44) |
| Net profit margin | -8.9% | -40.4% | +13.9% | +16.4% | +27.6% | -42.1% | -96.0% |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Balance sheet | |||||||
| Total assets | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Net worth | 599 | 609 | 661 | 325 | 163 | 59.75 | 68.12 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 51.04 | 6.61 |
| Cash & bank | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Net working capital | 309 | 281 | 453 | 199 | 92.70 | 70.35 | 33.93 |
| Cash flow | |||||||
| Cash from operations | (63.41) | (76.79) | 76.04 | (53.23) | 66.52 | (30.81) | (16.47) |
| Cash from investing | 16.35 | (68.07) | (102) | (149) | (30.76) | (6.80) | 4.76 |
| Cash from financing | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 1.18 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.29 | 68.59 | 141 | 31.55 | 40.76 | 12.78 | 20.31 | 17.61 |
| Revenue growth (YoY) | +124.0% | +436.7% | +594.4% | +79.2% | +9.9% | -85.2% | - | - |
| Other income | 6.27 | 1.95 | 12.45 | 2.61 | 3.29 | 3.94 | 4.43 | 4.89 |
| EBITDA | 16.96 | 2.33 | 61.70 | (26.52) | (11.28) | (19.08) | (21.85) | (17.48) |
| EBITDA margin | +18.6% | +3.4% | +43.7% | -84.1% | -27.7% | -149.3% | -107.6% | -99.3% |
| Depreciation | 14.75 | 14.21 | 11.78 | 10.97 | 10.55 | 9.78 | 8.03 | 7.47 |
| Interest | 1.04 | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 |
| Profit before tax | 7.44 | (11.97) | 60.73 | (35.93) | (19.46) | (25.29) | (25.70) | (20.29) |
| Tax | 0.98 | (9.37) | 0.75 | (2.08) | 0.16 | (1.74) | 0.02 | 3.74 |
| Net profit | 6.46 | (2.60) | 59.98 | (33.85) | (19.62) | (23.55) | (25.72) | (24.03) |
| EPS (₹) | 1.30 | (0.59) | 13.68 | (7.75) | (4.49) | (5.40) | (5.90) | (5.56) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 227 | 166 | 317 | 186 | 159 | 34.93 | 14.09 |
| Revenue growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| EBITDA | 16.02 | (42.14) | 59.98 | 48.07 | 74.56 | (11.29) | (13.11) |
| EBITDA margin | +7.1% | -25.4% | +18.9% | +25.8% | +46.8% | -32.3% | -93.0% |
| Profit before tax | (9.69) | (52.47) | 64.52 | 40.80 | 50.19 | (14.29) | (13.54) |
| Net profit | (10.91) | (54.28) | 46.13 | 30.54 | 44.00 | (14.29) | (13.54) |
| Net profit margin | -4.8% | -32.7% | +14.6% | +16.4% | +27.6% | -40.9% | -96.1% |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Balance sheet | |||||||
| Total assets | 714 | 643 | 681 | 428 | 182 | 112 | 75.24 |
| Net worth | 621 | 622 | 663 | 325 | 163 | 60.36 | 68.47 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 65.20 | 5.30 |
| Cash & bank | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Net working capital | 296 | 277 | 449 | 199 | 92.70 | 70.58 | 31.92 |
| Cash flow | |||||||
| Cash from operations | (49.59) | (65.51) | 76.94 | (53.23) | 66.52 | (30.81) | (17.13) |
| Cash from investing | 0.25 | (78.29) | (108) | (149) | (30.76) | (6.80) | 4.52 |
| Cash from financing | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 2.09 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.29 | 68.42 | 141 | 31.55 | 41.67 | 12.78 | 23.77 | 18.50 |
| Revenue growth (YoY) | +119.1% | +435.4% | +492.6% | +70.5% | +12.0% | -85.2% | - | - |
| Other income | 6.20 | 1.87 | 12.36 | 2.55 | 3.20 | 3.85 | 4.49 | 4.89 |
| Total expenses | 73.84 | 65.74 | 78.10 | 55.45 | 48.72 | 29.29 | 41.42 | 33.01 |
| EBITDA | 17.45 | 2.68 | 62.76 | (23.90) | (7.05) | (16.51) | (17.65) | (14.51) |
| EBITDA margin | +19.1% | +3.9% | +44.6% | -75.8% | -16.9% | -129.2% | -74.3% | -78.4% |
| Depreciation | 14.73 | 14.19 | 11.75 | 10.94 | 10.53 | 9.76 | 8.00 | 7.44 |
| Interest | 1.04 | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 |
| Profit before tax | 7.88 | (11.68) | 61.73 | (33.34) | (15.30) | (22.79) | (21.41) | (17.29) |
| Tax | 0.12 | (9.37) | 1.31 | (2.00) | (0.24) | (1.00) | (1.01) | 3.38 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.29 | 68.59 | 141 | 31.55 | 40.76 | 12.78 | 20.31 | 17.61 |
| Revenue growth (YoY) | +124.0% | +436.7% | +594.4% | +79.2% | +9.9% | -85.2% | - | - |
| Other income | 6.27 | 1.95 | 12.45 | 2.61 | 3.29 | 3.94 | 4.43 | 4.89 |
| EBITDA | 16.96 | 2.33 | 61.70 | (26.52) | (11.28) | (19.08) | (21.85) | (17.48) |
| EBITDA margin | +18.6% | +3.4% | +43.7% | -84.1% | -27.7% | -149.3% | -107.6% | -99.3% |
| Depreciation | 14.75 | 14.21 | 11.78 | 10.97 | 10.55 | 9.78 | 8.03 | 7.47 |
| Interest | 1.04 | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 |
| Profit before tax | 7.44 | (11.97) | 60.73 | (35.93) | (19.46) | (25.29) | (25.70) | (20.29) |
| Tax | 0.98 | (9.37) | 0.75 | (2.08) | 0.16 | (1.74) | 0.02 | 3.74 |
| Net profit | 6.46 | (2.60) | 59.98 | (33.85) | (19.62) | (23.55) | (25.72) | (24.03) |
| EPS (₹) | 1.30 | (0.59) | 13.68 | (7.75) | (4.49) | (5.40) | (5.90) | (5.56) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 226 | 161 | 314 | 186 | 159 | 34.72 | 14.00 |
| Revenue growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| Other income | 22.29 | 21.16 | 30.41 | 10.40 | 2.01 | 1.62 | 2.32 |
| Total expenses | 221 | 213 | 257 | 138 | 84.88 | 45.32 | 26.37 |
| Employee cost | 120 | 109 | 90.60 | 66.93 | 35.71 | 25.84 | 19.75 |
| EBITDA | 5.55 | (51.88) | 56.53 | 48.07 | 74.56 | (10.60) | (12.37) |
| EBITDA margin | +2.5% | -32.2% | +18.0% | +25.8% | +46.8% | -30.5% | -88.4% |
| Depreciation | 43.07 | 29.34 | 21.17 | 11.86 | 7.28 | 3.58 | 2.78 |
| Interest | 4.70 | 2.33 | 4.70 | 5.81 | 19.10 | 1.93 | 0.60 |
| Profit before tax | (19.93) | (62.39) | 61.07 | 40.80 | 50.19 | (14.49) | (13.43) |
| Tax | (2.91) | (0.12) | 15.80 | 8.81 | 6.17 | 0.12 | 0.01 |
| Net profit | (20.16) | (65.18) | 43.55 | 30.54 | 44.00 | (14.61) | (13.44) |
| Net profit margin | -8.9% | -40.4% | +13.9% | +16.4% | +27.6% | -42.1% | -96.0% |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.28 | 43.08 | 42.89 | 21.34 | 0.09 | 0.09 | 0.09 |
| Reserves & surplus | 556 | 566 | 618 | 303 | 110 | 59.62 | 67.99 |
| Shareholders' funds (net worth) | 599 | 609 | 661 | 325 | 163 | 59.75 | 68.12 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 72.13 | 0.00 | 0.00 | 86.50 | 0.02 | 20.32 | 5.30 |
| Unsecured loans | 11.58 | 16.47 | 14.49 | 14.06 | 16.35 | 30.72 | 1.31 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 51.04 | 6.61 |
| Total liabilities | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Assets | |||||||
| Gross block | 261 | 173 | 111 | 70.57 | 35.70 | 15.70 | 7.59 |
| Net block | 138 | 96.88 | 67.12 | 48.71 | 26.21 | 12.97 | 4.61 |
| Capital work in progress | 110 | 99.90 | 54.18 | 24.92 | 19.09 | 14.22 | 16.84 |
| Investments | 105 | 120 | 87.87 | 125 | 10.65 | 0.00 | 11.90 |
| Inventories | 143 | 94.23 | 98.28 | 105 | 48.91 | 23.42 | 10.86 |
| Sundry debtors | 126 | 56.02 | 44.35 | 57.82 | 20.31 | 23.75 | 10.12 |
| Cash & bank balances | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Loans & advances | 106 | 75.99 | 101 | 90.63 | 28.66 | 20.11 | 16.45 |
| Total current assets | 415 | 323 | 517 | 260 | 133 | 81.41 | 37.53 |
| Total current liabilities | 106 | 41.81 | 64.49 | 60.14 | 40.26 | 11.06 | 3.60 |
| Net working capital | 309 | 281 | 453 | 199 | 92.70 | 70.35 | 33.93 |
| Total assets | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.87 | 168 | 4.50 | 30.42 | 5.26 | 0.09 | 10.61 |
| Net cash from operating activities | (63.41) | (76.79) | 76.04 | (53.23) | 66.52 | (30.81) | (16.47) |
| Net cash from investing activities | 16.35 | (68.07) | (102) | (149) | (30.76) | (6.80) | 4.76 |
| Net cash from financing activities | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 1.18 |
| Net change in cash | 13.89 | (152) | 164 | (25.91) | 25.16 | 5.17 | (10.52) |
| Closing cash | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| EBITDA growth | +110.7% | -191.8% | +17.6% | -35.5% | +803.4% | +14.3% | - |
| PBT growth | +68.1% | - | +49.7% | -18.7% | +9998.0% | -7.9% | +9997.0% |
| Net income growth | +69.1% | -249.7% | +42.6% | -30.6% | +401.2% | -8.7% | - |
| Revenue CAGR (3Y) | +6.7% | +0.4% | +108.4% | +136.9% | - | - | - |
| EBITDA CAGR (3Y) | -51.3% | - | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -7.5% | -38.6% | +14.4% | +17.2% | +27.6% | -42.1% | -96.0% |
| Return on capital employed | -2.8% | -9.2% | +11.9% | +15.3% | +47.0% | 0.0% | 0.0% |
| Return on net worth | -3.3% | -9.8% | +9.2% | +13.1% | +39.5% | 0.0% | 0.0% |
| Debt / equity | 0.08 | 0.02 | 0.12 | 0.24 | 0.30 | 0.45 | 0.10 |
| Long-term debt / equity | 0.01 | 0.02 | 0.02 | 0.04 | 0.21 | 0.30 | 0.01 |
| Interest cover | -12.53 | -2.87 | 13.29 | 16.05 | 28.39 | -13.61 | -3.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.04 | 1.13 | 3.45 | 3.50 | 6.20 | 2.98 | 1.84 |
| Inventory turnover | 1.91 | 1.67 | 3.09 | 2.42 | 4.41 | 2.03 | 1.29 |
| Debtors turnover | 2.48 | 3.21 | 6.15 | 4.76 | 7.24 | 2.05 | 1.38 |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 138.42 | 141.29 | 154.04 | 152.16 | 12,403.93 | 6,708.99 | 7,649.33 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.29 | 68.42 | 141 | 31.55 | 41.67 | 12.78 | 23.77 | 18.50 |
| Revenue growth (YoY) | +119.1% | +435.4% | +492.6% | +70.5% | +12.0% | -85.2% | - | - |
| Other income | 6.20 | 1.87 | 12.36 | 2.55 | 3.20 | 3.85 | 4.49 | 4.89 |
| Total expenses | 73.84 | 65.74 | 78.10 | 55.45 | 48.72 | 29.29 | 41.42 | 33.01 |
| EBITDA | 17.45 | 2.68 | 62.76 | (23.90) | (7.05) | (16.51) | (17.65) | (14.51) |
| EBITDA margin | +19.1% | +3.9% | +44.6% | -75.8% | -16.9% | -129.2% | -74.3% | -78.4% |
| Depreciation | 14.73 | 14.19 | 11.75 | 10.94 | 10.53 | 9.76 | 8.00 | 7.44 |
| Interest | 1.04 | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 |
| Profit before tax | 7.88 | (11.68) | 61.73 | (33.34) | (15.30) | (22.79) | (21.41) | (17.29) |
| Tax | 0.12 | (9.37) | 1.31 | (2.00) | (0.24) | (1.00) | (1.01) | 3.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 227 | 166 | 317 | 186 | 159 | 34.93 | 14.09 |
| Revenue growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| Other income | 21.97 | 21.22 | 30.41 | 10.40 | 2.01 | 1.33 | 2.30 |
| Total expenses | 211 | 208 | 257 | 138 | 84.88 | 46.22 | 27.20 |
| Employee cost | 116 | 107 | 90.60 | 66.93 | 35.71 | 19.25 | 12.99 |
| EBITDA | 16.02 | (42.14) | 59.98 | 48.07 | 74.56 | (11.29) | (13.11) |
| EBITDA margin | +7.1% | -25.4% | +18.9% | +25.8% | +46.8% | -32.3% | -93.0% |
| Depreciation | 42.98 | 29.22 | 21.17 | 11.86 | 7.28 | 3.14 | 2.30 |
| Interest | 4.70 | 2.33 | 4.70 | 5.81 | 19.10 | 1.19 | 0.43 |
| Profit before tax | (9.69) | (52.47) | 64.52 | 40.80 | 50.19 | (14.29) | (13.54) |
| Tax | (1.93) | (1.10) | 16.66 | 8.81 | 6.17 | 0.00 | 0.00 |
| Net profit | (10.91) | (54.28) | 46.13 | 30.54 | 44.00 | (14.29) | (13.54) |
| Net profit margin | -4.8% | -32.7% | +14.6% | +16.4% | +27.6% | -40.9% | -96.1% |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.28 | 43.08 | 42.89 | 21.34 | 0.09 | 0.10 | 0.13 |
| Reserves & surplus | 577 | 579 | 620 | 303 | 110 | 60.26 | 68.34 |
| Shareholders' funds (net worth) | 621 | 622 | 663 | 325 | 163 | 60.36 | 68.47 |
| Secured loans | 72.13 | 0.00 | 0.00 | 86.50 | 0.02 | 20.31 | 5.27 |
| Unsecured loans | 11.58 | 16.47 | 14.49 | 14.06 | 16.35 | 44.89 | 0.03 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 65.20 | 5.30 |
| Total liabilities | 714 | 643 | 681 | 428 | 182 | 128 | 75.24 |
| Assets | |||||||
| Gross block | 260 | 173 | 111 | 70.57 | 35.70 | 52.46 | 28.40 |
| Net block | 138 | 96.58 | 67.11 | 48.71 | 26.21 | 24.22 | 15.74 |
| Capital work in progress | 110 | 99.90 | 53.80 | 24.92 | 19.09 | 0.00 | 0.00 |
| Investments | 140 | 137 | 94.55 | 125 | 10.65 | 0.00 | 11.90 |
| Inventories | 139 | 90.68 | 97.22 | 105 | 48.91 | 23.42 | 10.86 |
| Sundry debtors | 127 | 59.51 | 47.39 | 57.82 | 20.31 | 23.53 | 10.43 |
| Cash & bank balances | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Loans & advances | 106 | 76.04 | 101 | 90.63 | 28.66 | 13.97 | 5.71 |
| Total current assets | 402 | 319 | 514 | 260 | 133 | 81.64 | 35.52 |
| Total current liabilities | 105 | 41.54 | 64.95 | 60.14 | 40.26 | 11.06 | 3.60 |
| Net working capital | 296 | 277 | 449 | 199 | 92.70 | 70.58 | 31.92 |
| Total assets | 714 | 643 | 681 | 428 | 182 | 112 | 75.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.56 | 163 | 4.50 | 30.42 | 5.26 | 0.09 | 10.61 |
| Net cash from operating activities | (49.59) | (65.51) | 76.94 | (53.23) | 66.52 | (30.81) | (17.13) |
| Net cash from investing activities | 0.25 | (78.29) | (108) | (149) | (30.76) | (6.80) | 4.52 |
| Net cash from financing activities | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 2.09 |
| Net change in cash | 11.62 | (151) | 158 | (25.91) | 25.16 | 5.17 | (10.52) |
| Closing cash | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| EBITDA growth | +138.0% | -170.3% | +24.8% | -35.5% | +760.4% | +13.9% | - |
| PBT growth | +81.5% | - | +58.1% | -18.7% | +9998.0% | -5.5% | -45.1% |
| Net income growth | +79.9% | -217.7% | +51.1% | -30.6% | +407.9% | -5.5% | - |
| Revenue CAGR (3Y) | +6.8% | +1.3% | +108.6% | +136.3% | +106.2% | - | - |
| EBITDA CAGR (3Y) | -30.7% | - | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -3.4% | -31.0% | +15.1% | +17.2% | +27.6% | -40.9% | -96.1% |
| Return on capital employed | -1.2% | -7.6% | +12.5% | +15.3% | +48.3% | 0.0% | 0.0% |
| Return on net worth | -1.8% | -8.0% | +9.7% | +13.1% | +39.4% | 0.0% | 0.0% |
| Debt / equity | 0.08 | 0.02 | 0.12 | 0.24 | 0.26 | 0.37 | 0.05 |
| Long-term debt / equity | 0.01 | 0.02 | 0.02 | 0.04 | 0.23 | 0.29 | 0.00 |
| Interest cover | -17.43 | -3.27 | 12.11 | 16.05 | 28.39 | -8.25 | -2.79 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.05 | 1.17 | 3.48 | 3.50 | 4.97 | 1.56 | 0.66 |
| Inventory turnover | 1.98 | 1.77 | 3.14 | 2.42 | 4.41 | 2.04 | 1.33 |
| Debtors turnover | 2.43 | 3.10 | 6.03 | 4.76 | 7.27 | 2.06 | 1.46 |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 143.39 | 144.40 | 154.64 | 152.16 | 12,403.93 | 6,168.79 | 7,770.61 |
To see the full year-wise statements and ratios of Ideaforge Technology Limited, buy the company report.
Board of directors of Ideaforge Technology Limited
Ideaforge Technology has 8 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Singh | Whole-Time Director | 08 Feb 2007 | 19 Years 9 Months | Current |
| Ankit Mehta | Whole-Time Director | 08 Feb 2007 | 19 Years 9 Months | Current |
| Ashish Ramesh Bhat | Whole-Time Director | 08 Feb 2007 | 19 Years 9 Months | Current |
| Vikas Balia Also directs: Ultratech Cement Limited, The India Cements Limited, Hindalco Industries Limited and 5 more | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
| Mathew Cyriac Also directs: Clear Wealth Consultancy Services LLP, Florintree Green LLP, Fabmohur Advisors LLP and 5 more | Nominee Director | 24 Jun 2022 | 4 Years 4 Months | Current |
| Srikanth Velamakanni | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Ideaforge Technology Limited is audited by B S R & Co. LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2026 | 101248W/W-100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 29.00%, foreign institutional investors hold 4.90%, domestic institutional investors hold 2.70% and retail and other public shareholders hold 63.50%.
Sep 2026
QUARTER
29.00% Promoters
2.70% DII (Domestic Institutional)
4.90% FII (Foreign Institutional)
63.50% Retail & Others
Promoter holding - history
Now 29.00% · Sep 2026High 29.00% · Dec 2025Low 29.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 29.00% | 29.00% | 29.00% | 29.00% |
| Public | 71.00% | 71.00% | 71.00% | 71.00% |
Charges & borrowings
Open charges
₹284.28 Cr
Satisfied charges
₹116.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2022 | 100617935 | Axis Bank Limited | ₹75 Cr | Open | |
| 28 Mar 2022 | 100552356 | Others | ₹150 Cr | Open | |
| 23 Nov 2021 | 100505505 | Hdfc Bank Limited | ₹59.28 Cr | Open | |
| 15 Jul 2021 | 100465567 | Others | ₹24 Cr | Satisfied | |
| 09 Apr 2021 | 100435207 | Others | ₹42.83 Cr | Satisfied |
To see the full charge records of Ideaforge Technology Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Ideaforge Technology Limited has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026.
Total deals
78
Market trades
35
Secondary share transfers
21
Funding rounds
13
Convertible or debt financings
4
Disclosed funding
₹311.31 Cr
Deals on record (5 of 78)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹21.77 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| May 2026 | Market trade | ₹104.89 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP |
| May 2026 | Market trade | ₹154.91 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP , an individual Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP |
| May 2026 | Market trade | ₹37.82 Cr | Buyer: Hrti Private Limited , an individual Seller: Hrti Private Limited |
| Apr 2026 | Market trade | ₹27.16 Cr | Buyer: Qe Securities LLP , Hrti Private Limited Seller: Qe Securities LLP , Hrti Private Limited |
To see the full deal history of Ideaforge Technology 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
Ideaforge Technology Limited has 14 court cases on record: 11 filed by Ideaforge Technology, 3 filed against it. 4 cases are pending and 10 are disposed.
Total cases
14
Filed by the company
11
Filed against the company
3
Pending
4
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 2 |
| District courts | 4 | 1 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHHATTISGARH | Criminal miscellaneous application | Filed by the company against Flying Technology Solutions Pvt. Ltd. and 6 others | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Ideaforge Technology 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.
MSME payment delays
Ideaforge Technology Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 4,996 overdue payments to 198 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 198)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Capricorn Logistics Private Limited | |||
| an individual supplier | |||
| Knitpro International | |||
| Mitechno Plast Private Limited | |||
| Shikin Hotels Private Limited |
To see the full MSME payment records of Ideaforge Technology Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ideaforge Technology Limited has a workforce of 531 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
531
Active EPFO establishments
1
Employee growth
1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 531 |
| 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 Ideaforge Technology Limited, buy the company report.
GST
Ideaforge Technology has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6495B1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AABCI6495B2ZJ | Maharashtra | Active | 01 Apr 2025 |
| 38AABCI6495B1ZH | Ladakh | Active | 01 Feb 2023 |
| 18AABCI6495B1ZJ | Assam | Active | 06 Apr 2023 |
To see the full GST registrations and return filing status of Ideaforge Technology Limited, buy the company report.
Recent activity
Ideaforge Technology Limited has 16 board changes on record since 2007: 12 appointments and 4 cessations. The latest: Vipul Joshi was appointed as Whole-Time Director on 06 Sep 2025.
AGM
Ideaforge Technology Limited last Annual general meeting of members was held on 05 Aug 2026 as per latest MCA records.
Filing
Ideaforge Technology Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 150.00 Cr registered on 28 Mar 2022 with Charge ID 100552356 was modified on 09 Dec 2025.
Appointed
Vipul Joshi was appointed as Whole-Time Director.
Ceased
Ganapathy Subramaniam ceased to be Nominee Director.
Charges
A charge registered on 20 Jan 2021 via Charge ID 100414655 with Others was fully satisfied on 18 Mar 2025.
Charges
A charge with Axis Bank Limited of Rs. 75.00 Cr registered on 23 Aug 2022 with Charge ID 100617935 was modified on 17 Sep 2024.
Charges
A charge registered on 23 Nov 2016 via Charge ID 100062903 with Others was fully satisfied on 05 Jan 2023.
Appointed
Srikanth Velamakanni was appointed as Director.
Appointed
Sutapa Banerjee was appointed as Director.
Appointed
Vikas Balia was appointed as Director.
Ceased
Nicholas Earle Brathwaite ceased to be Nominee Director.
36 earlier events are in the company report.
News
IDEAFORGE: Q2 REVENUE 913M RUPEES VS 417M (YOY)
IDEAFORGE: Q2 SL NET PROFIT 77M RUPEES VS LOSS 151M (YOY)
IdeaForge Tech: Co's US Unit Ends Joint Venture Agreement With First Breach Inc. By Mutual Agreement Due To Missed Deadline.
Ideaforge Technology Gets Order From Survey Of India For Q6 V2 Drones To Help With Large-Scale Surveys And Mapping, Allowing Faster Data Collection Over Various Terrains.
IdeaForge Technology: Signs Loan Deal With Technology Development Board For ₹151 Crores To Fund Yeti Project, Includes Standard Lending Conditions.
From our blog
Frequently asked questions
Ideaforge Technology is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in machinery repair and installation or automotive services, within the automobile industry. It was incorporated on 08 February 2007 (19+ years old) and is registered under CIN L31401MH2007PLC167669. Listed on BSE: 543932 and NSE: IDEAFORGE.
Ideaforge Technology reported revenue of ₹226.13 Cr for FY 2025-26 (up 40.3% YoY) based on consolidated financials.
Ideaforge Technology has 8 current directors:
- Rahul Singh - Whole-Time Director
- Ankit Mehta - Whole-Time Director
- Ashish Ramesh Bhat - Whole-Time Director
- Vipul Joshi - Whole-Time Director
- Vikas Balia - Director
- Mathew Cyriac - Nominee Director
- Srikanth Velamakanni - Director
- Sutapa Banerjee - Director
The latest financial statements of Ideaforge Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Ideaforge Technology is 27AABCI6495B1ZK, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCI6495B2ZJ (Maharashtra), 38AABCI6495B1ZH (Ladakh), 18AABCI6495B1ZJ (Assam).
The CIN (Corporate Identification Number) of Ideaforge Technology is L31401MH2007PLC167669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ideaforge Technology is a listed company as per MCA records. Its shares are listed on both BSE (code: 543932) and NSE (symbol: IDEAFORGE).
Ideaforge Technology has 14 court cases on record: 11 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.
Ideaforge Technology was incorporated on 08 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ideaforge Technology has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026.
Vipul Joshi was appointed as Whole-Time Director on 06 Sep 2025. Ganapathy Subramaniam ceased to be Nominee Director on 08 Jul 2025. Srikanth Velamakanni was appointed as Director on 14 Dec 2022. Ideaforge Technology has 16 board changes on record in total.
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