About Kasturi Foundry Private Limited
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Kasturi Foundry Private Limited is a private limited company based in Kolhapur, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 05 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27310PN2006PTC129014. Its GSTIN is 27AACCK8802H1ZI (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹71 Lakh. It is led by directors including Neeraj Narendra Zanvar (Managing Director) and Nitin Premaraj Zanvar (Whole-Time Director).
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 47 E Shivaji Park Kolhapur, Maharashtra, India – 416004.
As per the financials filed for FY 2025, the company reported a revenue of ₹582.18 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹41.04 Cr (net margin 7%) and EBITDA of ₹87.12 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 22% over five years.
The company has about 605 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.5 Cr and satisfied charges of ₹26.5 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹52 Lakh; the latest was in March 2022. 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, 3 larger and 2 smaller; the largest is Western India Forgings Pvt Ltd with revenue of ₹649.99 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zanvargroup.com.
Company details
Contact details
Kasturi Foundry Private Limited's registered office is in Kolhapur, Maharashtra. Its website is zanvargroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address47 E Shivaji Park Kolhapur, Maharashtra, India – 416004
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Kasturi Foundry Private 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 Kasturi Foundry 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 Kasturi Foundry Private Limited, buy the company report.
Financials of Kasturi Foundry Private Limited
FY 2025 filings availableKasturi Foundry Private Limited reported revenue of ₹582.18 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 9% growth in the latest year. EBITDA rose 10% 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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| EBITDA | ₹87.12 Cr | ||||
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| Net Profit (PAT) | ₹41.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 15% | ||||
| Net Profit Margin | 7% | ||||
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To see the full financial statements and ratios of Kasturi Foundry Private Limited, buy the company report.
Board of directors of Kasturi Foundry Private Limited
Kasturi Foundry has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadev Kashinath Damakale Also directs: Ashta Liners Private Limited, E D Steels Pvt Ltd, S J Iron and Steels Pvt Ltd and 2 more | Director | 12 May 2021 | 5 Years 5 Months | Current |
| Nitin Premaraj Zanvar Also directs: Ashta Liners Private Limited | Whole-Time Director | 05 Sep 2006 | 20 Years 1 Months | Current |
| Rohan Narendra Zanvar Also directs: Ashta Liners Private Limited, E D Steels Pvt Ltd, S J Iron and Steels Pvt Ltd and 4 more | Director | 30 Sep 2013 | 13 Years 0 Months | Current |
| Neeraj Narendra Zanvar Also directs: Ashta Liners Private Limited, E D Steels Pvt Ltd, S J Iron and Steels Pvt Ltd and 4 more | Managing Director | 05 Sep 2006 | 20 Years 1 Months | Current |
| Narendra Rampratap Zanvar | Director | 01 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Kasturi Foundry 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 |
|---|---|---|---|---|---|---|
| Western India Forgings Pvt Ltd | ₹649.99 Cr (FY 2025) | -4.0% | Pune, Maharashtra, India | |||
| Amns Gandhidham Limited | ₹614.74 Cr (FY 2024) | 7.0% | Surat, Gujarat, India | |||
| Madhav KRG HRC Private Limited | ₹608.04 Cr (FY 2025) | 9023.0% | Delhi, India | |||
| Kasturi Foundry Private Limitedthis company | ₹582.18 Cr (FY 2025) | ₹41.04 Cr | 7% | 9.0% | 605 | Kolhapur, Maharashtra, India |
| HMM Infra Limited | ₹578.95 Cr (FY 2025) | 8.0% | Chandigarh, India | |||
| CHW Forge Private Limited | ₹568.18 Cr (FY 2025) | -4.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Kasturi Foundry Private Limited, buy the company report.
Shareholding
The shareholding of Kasturi Foundry Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Kasturi Foundry Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2023 | 100785634 | Hdfc Bank Limited | ₹1.5 Cr | Open | |
| 14 Jan 2016 | 10624088 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 13 Apr 2011 | 10284029 | Apana Sahakri Bank Ltd. | ₹10 Cr | Satisfied | |
| 28 Feb 2011 | 10272177 | Apana Sahakri Bank Ltd. | ₹4 Cr | Satisfied | |
| 02 Jun 2010 | 10224694 | The Saraswat Co-Operative Bank Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Kasturi Foundry Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Kasturi Foundry Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹52 Lakh; the latest was in March 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2007 | Funding round | ₹52 Lakh | Investors: Shriram Foundry Private Limited , Ashta Liners Private Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kasturi Foundry Private Limited has 13 court cases on record: 9 filed by Kasturi Foundry, 4 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 4 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against Zion Enterprises Partnership Firm Through Partner Sanjay Agrawal and 1 other | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. ECA A) | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.-WCA-A) | Filed by the company against an individual | Disposed |
To see the full case history of Kasturi Foundry 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kasturi Foundry Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kasturi Foundry Private Limited has a workforce of 605 employees on its EPFO records as of Mar 30, 2024, across 2 active EPFO establishments.
GST
Kasturi Foundry has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCK8802H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kasturi Foundry Private Limited, buy the company report.
Recent activity
Kasturi Foundry Private Limited has 8 board changes on record since 2006: 5 appointments and 3 cessations. The latest: Mahadev Kashinath Damakale was appointed as Director on 12 May 2021.
15 earlier events are in the company report.
Frequently asked questions
Kasturi Foundry is an active private limited company based in Kolhapur, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 05 September 2006 (20+ years old) and is registered under CIN U27310PN2006PTC129014.
Kasturi Foundry has 5 current directors:
- Neeraj Narendra Zanvar - Managing Director
- Nitin Premaraj Zanvar - Whole-Time Director
- Mahadev Kashinath Damakale - Director
- Rohan Narendra Zanvar - Director
- Narendra Rampratap Zanvar - Director
The latest financial statements of Kasturi Foundry 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 Kasturi Foundry is 27AACCK8802H1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kasturi Foundry is U27310PN2006PTC129014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kasturi Foundry has 13 court cases on record: 9 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Kasturi Foundry was incorporated on 05 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Kasturi Foundry has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹52 Lakh; the latest was in March 2022.
The peers of Kasturi Foundry by revenue are Western India Forgings Pvt Ltd, Amns Gandhidham Limited, Madhav KRG HRC Private Limited, HMM Infra Limited, CHW Forge Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Mahadev Kashinath Damakale was appointed as Director on 12 May 2021. Narendra Rampratap Zanvar ceased to be Additional Director on 30 Sep 2015. Narendra Rampratap Zanvar was appointed as Director on 01 Jul 2015. Kasturi Foundry has 8 board changes on record in total.
Kasturi Foundry can be reached through the website zanvargroup.com. Its registered office is in Kolhapur, Maharashtra, India.