About JVR Forgings Limited
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JVR Forgings Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 14 June 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27109PB1996PLC018347. Its GSTIN is 03AAACJ4111C1ZJ (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.08 Cr. It is led by directors including Rajeev Singal (Managing Director) and Gaurav Singal.
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 – Csua Road Dhandari Kalan, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹103.59 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹50.23 Lakh (net margin 0.5%) and EBITDA of ₹2.75 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 22% over five years.
The company has about 554 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹75.88 Cr and satisfied charges of ₹82.33 Cr on record. Court records list 18 cases involving the company, including 4 filed by the company and 14 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.88 Cr; the latest was in April 2019. Its 3 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Vishwakarma Auto Parts Private Limited with revenue of ₹104.36 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,560 overdue payments to 72 micro and small suppliers.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website jvrforgings.in.
Company details
CIN history
JVR Forgings has one previous CIN (Corporate Identification Number): L27109PB1996PLC018347. The current CIN is U27109PB1996PLC018347, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109PB1996PLC018347 | Current |
| L27109PB1996PLC018347 | Previous |
Contact details
JVR Forgings Limited's registered office is in Ludhiana, Punjab. Its website is jvrforgings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIndustrial Area – Csua Road Dhandari Kalan, Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of JVR Forgings Limited, 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
Business activity
The main business activity of JVR Forgings 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 JVR Forgings Limited, buy the company report.
Financials of JVR Forgings Limited
FY 2024 filings availableJVR Forgings Limited reported revenue of ₹103.59 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 86% 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 | ₹2.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.23 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 | 2.7% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of JVR Forgings Limited, buy the company report.
Board of directors of JVR Forgings Limited
JVR Forgings has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Singal | Managing Director | 14 Jun 1996 | 30 Years 4 Months | Current |
| Gaurav Singal Also directs: Young President's Organisation (Punjab Chapter) | Director | 05 Oct 2015 | 11 Years 0 Months | Current |
| Sanjay Kumar Aggarwal | Director | 06 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
JVR Forgings Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), 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 |
|---|---|---|---|---|---|---|
| Vishwakarma Auto Parts Private Limited | ₹104.36 Cr (FY 2025) | 10.0% | Delhi, India | |||
| JVR Forgings Limitedthis company | ₹103.59 Cr (FY 2025) | ₹50.23 Lakh | 0.5% | -22.0% | 554 | Ludhiana, Punjab, India |
| Ams-Chasys Automotive India Private Limited | ₹103.51 Cr (FY 2025) | -19.0% | Tal-Shirur, Maharashtra, India | |||
| Mitech Bus Door Systems Private Limited | ₹103.33 Cr (FY 2025) | 60.0% | Perungudi, Tamil Nadu, India |
To see the full peer comparison of JVR Forgings Limited, buy the company report.
Auditor
JVR Forgings Limited is audited by MOHINDER VIJ & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHINDER VIJ & ASSOCIATES | FY 2023 | 012839N |
Shareholding
The shareholding of JVR Forgings 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 JVR Forgings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2010 | 10243294 | Allahabad Bank | ₹75.88 Cr | Open | |
| 26 Dec 2009 | 10192910 | Sbi Global Factors Limited | ₹2 Cr | Satisfied | |
| 08 May 2009 | 10158007 | State Bank of India | ₹25.97 Cr | Satisfied | |
| 29 Sep 2007 | 10072280 | Sbi Factor and Commercial Services Private Limited | ₹1.75 Cr | Satisfied | |
| 28 Dec 2004 | 90175649 | State Bank of India | ₹1.2 Cr | Satisfied |
To see the full charge records of JVR Forgings Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
JVR Forgings Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.88 Cr; the latest was in April 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹1.28 Cr | Investors: Eastman Financial Services Private Limited , 3 individuals |
| Jul 2007 | Funding round | ₹5.6 Cr | Investors: Eastman Financial Services Private Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
JVR Forgings Limited has 18 court cases on record: 4 filed by JVR Forgings, 14 filed against it. 1 case is pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 0 |
| High courts | 7 | 7 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Court case (OBJ) | Filed against the company by Merlion Tools Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Merlion Tools Private Limited | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by RMG Alloy Steel Ltd , Chandrakant.K.Panchal | Disposed |
| High Court, PUNJAB | Tax appeal | Filed against the company by PR. Commissioner of Income Tax -2 Ludhiana. | Pending |
| NCLT, Chandigarh | Insolvency matter | Filed by the company | Disposed |
To see the full case history of JVR Forgings 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
JVR Forgings Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,560 overdue payments to 72 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 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jaldhara Small Tools Pvt Ltd | |||
| an individual supplier | |||
| Telentire Inc | |||
| Satkartar Saw Mills | |||
| an individual supplier |
To see the full MSME payment records of JVR Forgings Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
JVR Forgings Limited has a workforce of 554 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
JVR Forgings has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACJ4111C1ZJ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of JVR Forgings Limited, buy the company report.
Recent activity
JVR Forgings Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Dharam Pal Gupta ceased to be Whole-Time Director on 06 Apr 2019.
19 earlier events are in the company report.
Frequently asked questions
JVR Forgings is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 14 June 1996 (30+ years old) and is registered under CIN U27109PB1996PLC018347.
JVR Forgings has 3 current directors:
- Rajeev Singal - Managing Director
- Gaurav Singal - Director
- Sanjay Kumar Aggarwal - Director
The latest financial statements of JVR Forgings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of JVR Forgings is 03AAACJ4111C1ZJ, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of JVR Forgings is U27109PB1996PLC018347. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JVR Forgings has 18 court cases on record: 4 filed by the company and 14 filed against it. 1 is pending. Most are in the district courts.
JVR Forgings was incorporated on 14 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
JVR Forgings has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.88 Cr; the latest was in April 2019.
The peers of JVR Forgings by revenue are Vishwakarma Auto Parts Private Limited, Ams-Chasys Automotive India Private Limited, Mitech Bus Door Systems Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products).
Dharam Pal Gupta ceased to be Whole-Time Director on 06 Apr 2019. Sanjay Kumar Aggarwal was appointed as Director on 06 Apr 2019. Gaurav Singal ceased to be Additional Director on 30 Sep 2017. JVR Forgings has 8 board changes on record in total.
JVR Forgings has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,560 overdue payments to 72 micro and small suppliers. The latest return was filed on 01 May 2024.
JVR Forgings can be reached through the website jvrforgings.in. Its registered office is in Ludhiana, Punjab, India.
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